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List of the largest SaaS companies in Sweden

Top SaaS Companies in Sweden

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 283 companies with combined revenues of $1.7B.

Together, Sweden SaaS companies employ over 12K employees, have raised $3.1B capital, and serve over 1B customers around the world.

Divider

Highlights

01
$339M
-
-
261
1990
Sweden
02
NEN
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 popular category; branded games; live casino; table games; video poker; lottery and other; mini games; and pooled jackpot games. NetEnt and its customers, which are casino operators, work according to a partnership model where gaming operators pay a monthly license fee to NetEnt calculated as a percentage of the game win generated by NetEnt's games. Outside Sweden, the firm has expanded across Europe, namely in Spain and the United Kingdom, as well as New Jersey in the United States.

$186M
-
-
661
1996
Sweden
03
P
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
-
5K
31
2011
Sweden
04
T
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 solutions and services to study human behavior. Tobii Tech provides eye-tracking components and platforms. Business operations of the company are functioned through Sweden, Europe, the USA, and Other countries. Its largest end market by revenue in the USA.

$172M
$69M
-
378
2001
Sweden
05
ES
Epidemic Sound

Digital Advertising Platforms

Developer of a royalty free music library to provide cutting edge production music for films, TV and YouTube content based in Stockholm, Sweden. The company's cloud based library offers a catalog of music tracks from different genres and allows visual content creators to use professional-quality soundtracks in any country, on any platform and for a fee, enabling them to make professional-quality soundtracks and make a living making music.

$70M
$509M
-
505
2009
Sweden
06
CSDL
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 200 innovations. CtrlS operates state-of-the-art Tier-4 Datacenter facilities in Hyderabad, Mumbai, Noida and Bangalore spread across one million square feet. The Company has over 1,800 employees and is headquartered in Hyderabad, India. Ctrls is a recipient of awards and recognition such as CIO Choice Public, Hybrid Cloud Services for Large Enterprises, Best Datacenter in the Managed Services Space and as DR as a Service provider, SME Channels Award - Best Datacentre, Aegis Graham Bell Award Innovation in Cloud Service, CII National Award for Excellence in Energy Management, Energy Efficient Unit and NASSCOM Emerge 50 Emerging Companies in India. The company has been the frontrunner in innovation and ushering in a paradigm s

$60M
-
4K
996
2007
Sweden
07
A
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 monetization, Android tv launcher and end to end partner solutions. It was founded in 2004 and is headquartered in Stockholm, Sweden. The company seeks to expand its core operations through mergers and acquisitions.

$40M
$28M
100M
481
2004
Sweden
08
P
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, industry and transaction volume and suit all types of businesses.Pagero has over 100 employees with headquarters in Gothenburg, Sweden. They also have local sales offices in Stockholm, Oslo, Helsinki and Dublin. Over 30 developers in their R&D team constantly work with developing their services enabling their customers to get the maximum benefit from their investment.

$29M
$12M
34K
413
2000
Sweden
09
B
Budbee

Delivery Service Software

Developer of a tracking platform created to offer a modern cargo-mile logistics service for e-commerce. The company's platform provides detailed tracking information and instant chatting, enabling e-commerce businesses to keep track of the location of the shipment in real time.

$29M
$114M
-
271
2013
Sweden
10
A
Astea

Erp Software

Field Service Management & Mobility Software

$29M
-
400
200
1983
Sweden
1 - 10 of 277Next

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.