Signals

Funding-only, explainable estimates from the data — not predictions, and not investment advice. Each score shows its base rate and the factors behind it.

Heat ranking Weekly activity

Base rates (this dataset): a round is followed by another 37% of the time · 11.6% of companies with 2+ rounds have exited. · snapshot as of 2026-06-22

Methodology →

FundingDeal volume up 3.8% but capital up 24.8%, pointing to larger average round sizesAI read →

Tech.eu Heat 50

Sweden · top 50

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#	Company	Stage	Last round	Timing	Raise next	Heat
1	Endra Software · Sweden	Series A	2026-06	just raised · ▲	35	98
2	Stegra (H2 Green Steel) Cleantech · Sweden	Other	2026-04	just raised · ▲	21	96
3	Candela Cleantech · Sweden	Other	2026-03	just raised · ▲	23	90
4	Validio Software · Sweden	Series A	2026-03	just raised · ▲	32	88
5	Tandem Health Software · Sweden	Series A	2025-06	in window · ▲	59	85
6	Redpine Software · Sweden	Seed	2026-04	just raised · ▲	32	85
7	Funnel Marketing · Sweden	Debt	2026-01	in window · ▲	55	83
8	Aira Energy · Sweden	Other	2025-08	in window · ▲	37	82
9	Lovable Software · Sweden	Series B	2025-12	just raised · ▲	34	81
10	EcoDataCenter Hardware · Sweden	Debt	2025-09	in window · ▲	55	80
11	Anocca Healthtech · Sweden	Other	2025-08	in window · ▲	40	79
12	Lassie Consumer · Sweden	Series C	2026-02	just raised · ▲	40	79
13	Meva Energy Energy · Sweden	Other	2025-10	in window · ▲	37	79
14	Oplane Cybersecurity · Sweden	Seed	2026-06	just raised · ▲	32	78
15	Einride Transportation · Sweden	Other	2026-02	just raised	19	76
16	Bits Technology Fintech · Sweden	Series A	2026-02	just raised · ▲	35	76
17	Blykalla Energy · Sweden	Other	2025-12	just raised · ▲	21	75
18	Lightbringer Healthtech · Sweden	Series A	2026-06	just raised · ▲	32	75
19	Polar Light Technologies Deeptech · Sweden	Other	2026-01	just raised · ▲	23	75
20	Vesiro Software · Sweden	Seed	2026-02	just raised · ▲	32	75
21	Sigrid Therapeutics Healthtech · Sweden	Other	2026-01	just raised · ▲	23	74
22	EvoluteIQ Software · Sweden	Growth/Late	2025-09	in window · ▲	47	73
23	Braive Healthtech · Sweden	Other	2026-02	just raised · ▲	23	73
24	PaperShell Cleantech · Sweden	Other	2026-03	just raised	19	72
25	TrialBee Healthtech · Sweden	Other	2026-01	just raised · ▲	21	72
26	MedVasc Healthtech · Sweden	Other	2026-01	just raised · ▲	21	72
27	Roaring Software · Sweden	Other	2026-01	just raised · ▲	21	72
28	Detecht Transportation · Sweden	Other	2026-05	just raised · ▲	21	72
29	Zaver Fintech · Sweden	Other	2025-12	in window · ▲	37	71
30	Kustom Fintech · Sweden	Other	2026-03	just raised	19	71
31	Single Technologies Healthtech · Sweden	Other	2025-07	in window · ▲	37	71
32	Renasens Deeptech · Sweden	Seed	2026-03	just raised	28	71
33	SWEBAL Cybersecurity · Sweden	Other	2026-05	just raised	19	70
34	Cellcolabs Healthtech · Sweden	Other	2025-10	in window · ▲	37	70
35	Quartr Telecom · Sweden	Other	2025-07	in window · ▲	40	70
36	Stilla AI · Sweden	Pre-Seed	2026-01	just raised	17	69
37	Agaton AI · Sweden	Seed	2026-02	just raised	28	68
38	Grasp AI · Sweden	Series A	2025-10	in window · ▲	59	68
39	Nordic Air Defence Cybersecurity · Sweden	Pre-Seed	2025-07	in window · ▲	29	68
40	BioLamina Healthtech · Sweden	Other	2026-04	just raised	19	66
41	Zparq Cleantech · Sweden	Other	2025-10	in window · ▲	37	66
42	Brickanta Software · Sweden	Seed	2026-01	just raised	28	64
43	Pit Software · Sweden	Other	2026-05	just raised	19	63
44	BoardClic Software · Sweden	Other	2025-08	in window · ▲	37	63
45	Mimbly Cleantech · Sweden	Other	2025-11	in window · ▲	37	63
46	Cold River Games (formerly Crypto Rogue Games) Gaming · Sweden	Other	2025-07	in window · ▲	37	63
47	TrackPaw Scientific Healthtech · Sweden	Other	2025-08	in window · ▲	37	63
48	Fermi Software · Sweden	Other	2026-04	just raised	21	62
49	Neko Health Healthtech · Sweden	Series B	2025-01	in window · ▲	64	61
50	Qvantum Energy · Sweden	Other	2026-02	just raised · ▼	16	61

Most likely to raise next

next-round likelihood

Tourlane
In typical raise window
71
Framer
In typical raise window
71
ŌURA
In typical raise window
71
Tines
In typical raise window
68
This
In typical raise window
68
Pactum
In typical raise window
68
CarOnSale
In typical raise window
68
Distribusion Technologies
In typical raise window
68
TechBBQ
In typical raise window
68
WeTravel
In typical raise window
68
BCAS
In typical raise window
67
Oura Health
In typical raise window
65

Exit candidates

exit likelihood · 2+ rounds

Letgo
4 rounds raised
31
Factris
6 rounds raised
28
Pennylane
7 rounds raised
28
ManoMano
8 rounds raised
28
Pigment
5 rounds raised
28
Gett (GetTaxi)
8 rounds raised
28
Prophesee
4 rounds raised
28
Klarna
21 rounds raised
28
Lightyear
7 rounds raised
28
Playtomic
6 rounds raised
28
N8N
5 rounds raised
28
Carbon Clean Solutions
4 rounds raised
28

Scores are model estimates, not facts: a base rate computed from this dataset, adjusted by transparent funding-only factors (timing vs cohort gap, round-size momentum, backer re-investment, firm characteristics). No per-company “unicorn” probability is published. In a back-test (cut-off 30 June 2023, 18-month horizon), companies the model placed in their typical raise window went on to raise again about 1.8× as often as the average tracked company (~14% vs ~8%), while companies flagged dormant raised under 1% of the time. Estimates, not predictions.