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 93 companies with combined revenues of $505.9M.

Together, Sweden SaaS companies employ over 4K employees, have raised $24.6M capital, and serve over 84K customers around the world.

$0 - $1M ARR
  1. Wiraya $1.0M
  2. Peltarion $1.0M
  3. Tobii-Pro $1.0M
  4. Evothings $1.0M
$1M - $5M ARR
  1. TSS AB $4.7M
  2. Stravito $4.5M
  3. Sonetel $3.9M
$5M - $10M ARR
  1. Upsales $7.5M
  2. Bygglet $7.3M
  3. Billogram $5.9M
$10M+ ARR
  1. Parkster $185.7M
  2. Accedo $40.4M
  3. Astea $29.0M
  4. Mentimeter $21.0M
  5. Quinyx AB $19.9M
  1. 01
    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

  2. 02
    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

    481

    2004

    Sweden

  3. 03
    Astea

    Astea

    Erp Software

    Field Service Management & Mobility Software

    $29M

    400

    200

    1983

    Sweden

  4. 04
    Mentimeter

    Mentimeter

    Office Software

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

    $21M

    $500K

    80K

    120

    2003

    Sweden

  5. 05
    Quinyx AB

    Quinyx AB

    Computer Software

    Developer of workforce management software designed to make management of staff efficient and fun. The company's workforce management software provides support for scheduling, time reporting, communication, task management, budgeting and forecasting, enabl

    $20M

    237

    2005

    Sweden

  6. 06
    84codes

    84codes

    Cloud Platform as a Service (PaaS) Software

    84codes AB is Server infrastructure automation and maintenance.

    $17M

    21

    2012

    Sweden

  7. 07
    Seamless Distribution Systems AB

    Seamless Distribution Systems AB

    Software Solution Provider

    $16M

    $6M

    179

    2001

    Sweden

  8. 08
    Stratsys

    Stratsys

    Information Technology & Services

    Developer of cloud-based tools designed to provide effective strategic planning and management. The company's tools perform administrative tasks and determines new ways to simplify and automate daily tasks, helping businesses to achieve work-life simplicit

    $13M

    159

    2000

    Sweden

  9. 09
    Sleep Cycle

    Sleep Cycle

    Fitness Software

    Sleep Cycle is a wellness and sleep start up that has developed an intelligent bio alarm clock app for iOS and Android.

    $12M

    $951K

    20

    2009

    Sweden

  10. 10

    $10M

    123

    2018

    Sweden

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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.