Sweden’s economy is known for its innovation, skilled workforce, and social welfare system. Despite the challenges posed by inflation, there are still opportunities for investors looking to invest in the country’s future growth.
Sweden is the 22nd largest economy in the world, with a GDP of USD 635.7 billion. Sweden’s economy is dominated by its service sector, comprising 65.4% of GDP and employing 86% of the labor force.
One of the key factors driving Sweden’s economic growth is its thriving startup ecosystem.
According to Sweden Tech Ecosystem Report 2022, Sweden is a fertile breeding ground for tech unicorns. So far, 35 unicorns have been minted in the country, a 3.9x increase since 2016. There are also plenty of potential unicorns in the country, with the fifth largest pool of companies between $250M and $1B in Europe.
For investors looking to capitalize on this trend, there are plenty of opportunities to invest in Sweden’s most promising and fastest-growing companies.
MERIT500 brings you a new web service called M500 GROWTH SWEDEN. This is an exclusive and trustworthy database of growing Swedish companies with over 10 million euros in revenue.
In this article, we will explore some of the fastest-growing companies in Sweden with MERIT500 data.
Einride
Current CEO: Robert Falck
Current Chairperson: Anders Böös
Einride is a Swedish transport company founded in 2016, based in Stockholm, Sweden with 251 to 500 employees. According to the M500 GROWTH web service, this growth company has increased its turnover every year for three years. The company has secured$500 million in financing, including a $300 million debt facility and a $200 million Series C equity raise. This is to advance global growth and the development and deployment of autonomous, electric, and digital shipping technology.
H2 Green Steel
Current CEO: Henrik Henriksson
Current Chairperson: Harald Mix
Swedish growth company H2 Green Steel was founded in 2020 with plans to use hydrogen gas to manufacture steel almost fossil-free.
H2 Green Steel has entered into a supply agreement with UK-based Steel Processing Midlands (SPM). The contract between SPM and H2 Green Steel is a 5-year agreement valued at €125 million. In this agreement, SPM secures 25 percent of its future annual steel demand.
Klarna Holding AB
Current CEO: Sebastian Siemiatkowski
Current Chairperson: Michael Moritz
The Klarna Bank AB, or Klarna, is a Swedish fintech company that provides online financial services including payments for online storefronts and direct payments. Klarna today attracts 150m consumers and 500k retailers across 45 markets. The company has more than 4,789 employees.
Growth companies to invest in Sweden can be a smart move for investors who are willing to do their research and take calculated risks.
With M500 GROWTH SWEDEN’s exclusive data, you can focus on growth companies with a proven track record of sales growth and a strong business model. With data-driven actions, investors can potentially reap significant rewards as Sweden’s economy continues to expand.
To access our exclusive M500 GROWTH SWEDEN data, contact us today.
Originally Article was published here https://www.merit500.com/investing-growth-companies-in-sweden-2023