Top SaaS Companies in Sweden

List of the largest SaaS companies in Sweden (Click to apply)

These are the top SaaS companies in Sweden. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Sweden by featuring these 248 companies with combined revenues of $1.6B.

Together, Sweden SaaS companies employ over 10K employees, have raised $24.6M capital, and serve over 100M customers around the world.

$0 - $1M ARR
  1. Iamip $960.0K
  2. COS Systems $957.9K
  3. Newstag $925.4K
  4. Cind $913.3K
  5. Coherence $902.4K
$1M - $5M ARR
  1. TSS AB $4.7M
  2. Stravito $4.5M
$10M+ ARR
  1. Lime $338.7M
  2. Parkster $185.7M
  3. Tobii $180.6M
  1. 01
    Lime

    Lime

    Crm And Related Software

    Provider of customer support and services for customer care and sales management in Sweden. The company offers Powersell, which is the CRM solution that includes sales tools, history log, activity planning, and document management functionality and Lime th

    $339M

    261

    1990

    Sweden

  2. 02
    Net Entertainment Ne

    Net Entertainment Ne

    Information Technology Software

    NetEnt AB is a Swedish company that is involved in the entertainment business and primarily develops and sells casino systems and game applications. The company's gaming portfolio comprises various game categories, including video slots, the firm's most po

    $204M

    661

    1996

    Sweden

  3. 03
    Parkster

    Parkster

    Business Intelligence Software

    Parkster is a mobile application that helps to pay for parking quickly, smoothly, and without extra charge directly on from mobile.

    $186M

    31

    2011

    Sweden

  4. 04
    Tobii

    Tobii

    Healthcare Software

    Tobii along with its subsidiaries provides eye-tracking solutions. The group comprises three business units: Tobii Dynavox, Tobii Pro and Tobii Tech. Tobii Dynavox provides assistive technology for communication. Tobii Pro is a provider of eye-tracking sol

    $181M

    $69M

    378

    2001

    Sweden

  5. 05
    CtrlS Datacenters Ltd

    CtrlS Datacenters Ltd

    Information Technology Software

    CtrlS is Asia's largest Rated 4 Data center and managed services provider and trusted advisor to over 3,500 Indian and world’s leading organizations including 15 of the Fortune 100 Global Multinationals and 25 of the ET 100 Indian companies supported by

    $60M

    996

    2007

    Sweden

  6. 06
    Accedo

    Accedo

    Computer Software

    Accedo is a provider of television applications. The company provides interactive applications for smart TVs and connected TV devices for media companies, consumer electronics and TV operators. The solutions it provides are live streaming, video monetizati

    $40M

    $28M

    100M

    481

    2004

    Sweden

  7. 07
    Pagero

    Pagero

    Financial Services Software

    Pagero offers e-order and e-invoice services that help businesses to streamline operations throughout the entire order-to-pay process.Their services are delivered in the cloud via Their network Pagero Online. The services are independent of ERP system, ind

    $29M

    $12M

    413

    2000

    Sweden

  8. 08
    Astea

    Astea

    Erp Software

    Field Service Management & Mobility Software

    $29M

    400

    200

    1983

    Sweden

  9. 09
    Sinch

    Sinch

    Application Development Software

    Sinch is a telecommunications and cloud communications platform as a service company.

    $23M

    $12M

    251

    2014

    Sweden

  10. 10
    Mentimeter

    Mentimeter

    Office Software

    Interact with your audience using real-time voting. No installations or downloads required - and it's free!

    $21M

    $625K

    80K

    120

    2003

    Sweden

1-10 of 248

Next

What are the fastest growing companies doing?

83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?

We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.