Best Gaming Companies in Sweden
The 307 best Gaming companies in Sweden in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Embracer Group.
Sweden's Gaming sector draws serious money, and this directory ranks 307 companies by disclosed equity funding and recent momentum to show you exactly where it's concentrated. Total disclosed funding across the cohort sits at $2.2B, but that figure isn't evenly spread. Embracer Group alone accounts for $1.7B of it, which means one company is carrying the bulk of this market's visible capital. And the rest of the field, Alliance Games at $8M, Blue Scarab at $7M, Turborilla and Motorica each at $5M, is operating in a genuinely different weight class.
So what's actually moving beneath the headline number? Install growth across tracked gaming apps is running at roughly +11% YoY, which tells you demand isn't stalling even as the global market, forecast to reach $117.2B by 2028 on a 9.24% CAGR, works through a recalibration from its pandemic-era peak. Regulatory pressure on loot boxes is one structural factor worth watching, as new online gaming rules emerging across markets signal that governments aren't staying passive. I'd flag that active backers here, The Game Incubator, Almi Invest, Amplifier Game Invest, are largely early-stage focused, which shapes the funding distribution considerably.
- ResearchAndMarkets.com
Our analysis of 180 Gaming companies
$26.0b in tracked funding; 90% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2024.
Ranked: Best Gaming companies in Sweden
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Tech stack | Market signals (1y) | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Embracer Group Developer of PC, console, and mobile games and related media | $1.7B | 48 mo ago | 16,500 | 2008 | Maria Lyren Co-Founder | WordPressMySQLPHP+18 | 19 signals Earnings · Board · Leadership | 1 partnership · 1 expansion · 1 award |
| 2 | Starbreeze Developer of video games and related entertainment products and services | $57M | 100 mo ago | 179 | 1998 | — | Cart FunctionalitySentryApple iCloud Mail+20 | 5 signals ▲25% Earnings · Layoffs | 1 launch · 1 partnership · 1 award |
| 3 | Fatshark Game development studio | $56M | 89 mo ago | 187 | 2007 | Rikard Blomberg Co-Founder | Cart FunctionalitySquarespace CommerceSquarespace+16 | — | 2 launchs |
| 4 | Stryda Esports platform offering competitive games | $43M | 87 mo ago | 60 | 2012 | Johan Persson CEO | — | — | — |
| 5 | GOALS Developer of PC and console-based e-sports games | $39M | 38 mo ago | 50 | 2021 | Hampus Ericstam Co-Founder | RubyAnimate.cssVarnish+17 | — | — |
| 6 | Resolution Games VR gaming development studio | $38M | 59 mo ago | — | 2015 | Paul Brady Co-Founder & Head of Marketing | Cart FunctionalitySquarespace CommerceSquarespace+23 | — | 1 launch · 2 awards |
| 7 | Star Stable Video game developer focusing on MMORPGs | $29M | 90 mo ago | 254 | 2011 | Johan Edfeldt Board and owner | SentryZendeskApple iCloud Mail+21 | — | 1 job opening |
| 8 | Hiber Provider of online gaming platform | $18M | 59 mo ago | — | 2017 | Mattias Johansson Co-Founder | Apple iCloud MailGoogle WorkspaceNode.js+27 | — | — |
| 9 | MAG Interactive Mobile Games developer specializing in Word games | $16M | 103 mo ago | 106 | 2010 | — | RubyAnimate.cssVarnish+11 | — | — |
| 10 | MetaKing Studios Developer of PC and console-based strategy games | $15M | 48 mo ago | — | 2021 | Nicky Li Co-Founder | — | — | — |
| 11 | Challengermode Esports infrastructure provider for gamers, organizers and game developers | $14M | 69 mo ago | 50 | 2014 | Philip Skogsberg Co-Founder & COO | React RouterReactEmotion+17 | — | 1 partnership |
| 12 | Fragsheet AI-powered platform for gamers to find players, esports and gaming-related events | $11M | 28 mo ago | — | 2022 | Rasmus H Co-Founder | — | — | — |
| 13 | Coherence Cloud based game development and operations solutions provider | $10M | 50 mo ago | 31 | 2018 | — | Node.jsRadix UITailwind CSS+19 | — | — |
| 14 | Fast Travel Games VR game development studio for PC and console platforms | $10M | 32 mo ago | 60 | 2016 | Erik Odeldahl Creative Director & Co-founder | Node.jsTailwind CSSPlyr+12 | — | 2 launchs · 1 partnership |
| 15 | Avalanche Studios Developer of open world games and related technologies for entertainment | $10M | 109 mo ago | 44 | 2003 | — | TypeScriptNode.jsZone.js+9 | — | 1 launch |
| 16 | Stardoll Independent mobile game development studio | $10M | 239 mo ago | — | 2004 | Lasse Enersen CEO & Co-founder | NginxGoogle Tag ManagerreCAPTCHA+3 | — | — |
| 17 | Alliance Games Developer of blockchain based games | $8M | 19 mo ago | — | 2024 | Dennis Kirsch Co-Founder | Node.jsChakra UIReact+11 | — | — |
| 18 | Blue Scarab Game developing studio | $7M | 23 mo ago | — | 2021 | Colin Cragg Co-Founder & CEO | — | — | — |
| 19 | PicoFun Mobile game and application development studio | $7M | 311 mo ago | — | 2000 | Johan Lenander CEO | — | — | — |
| 20 | Epulze Online esports competitive gaming platform involving real money | $7M | 62 mo ago | 33 | 2015 | — | Apple iCloud MailMicrosoft 365Sendinblue+4 | — | — |
| 21 | Snowprint Studios Mobile game developer focusing on mid-core games | $6M | 63 mo ago | 47 | 2015 | — | WordPressApple iCloud MailGoogle Workspace+17 | — | 1 award |
| 22 | FunRock Independent mobile game development studio | $6M | 95 mo ago | 23 | 2014 | — | WordPressMySQLPHP+20 | — | — |
| 23 | Codeta Developer of casino games or live table games | $6M | 99 mo ago | 12 | 2016 | — | — | — | — |
| 24 | Elias Music provider for gaming industry | $5M | 66 mo ago | 8 | 2013 | Philip Bennefall Co-Founder | — | — | 1 launch |
| 25 | Motorica Developer of AI-powered character animation tools for film and game industries | $5M | 11 mo ago | 2 | 2020 | Gustav Henter Co-Founder | WebflowSwiperjQuery+11 | — | 1 launch · 1 partnership |
| 26 | Turborilla Developer of racing-themed video games across multiple platforms and devices | $5M | 4 mo ago | — | 2008 | Tobias Andersson Founder & Co-Owner | WixSentryBootstrap+11 | — | — |
| 27 | Wayfinder Games Developer of role-playing games designed for remote teams | $5M | 41 mo ago | 17 | 2021 | Fia Tjernberg Co-Founder and Co-Head of studio | — | — | — |
| 28 | Playdo Game development studio based in Sweden | $4M | 210 mo ago | 11 | 1999 | Andreas Rehnberg Founder | — | — | — |
| 29 | Kudos Provider of a reward-based platform for gamers for playing games | $4M | 43 mo ago | — | 2021 | Wasae Imran Co-Founder | — | — | — |
| 30 | Luau Games Independent mobile game development company | $4M | 85 mo ago | 15 | 2018 | — | — | — | — |
| 31 | Moon Rover Game development studio | $4M | 22 mo ago | — | 2023 | Ben Keen Co-Founder | VarnishBootstrapApache HTTP Server+8 | — | — |
| 32 | Lurkit Provider of a platform that facilitates data-driven collaborations between content creators, game developers… | $3M | 48 mo ago | 29 | 2015 | — | Webflow EcommerceCart FunctionalityWebflow+27 | — | — |
| 33 | Paradox Interactive Developer of strategy and management games for PC and consoles | $3M | 119 mo ago | 676 | 1999 | Fredrik Wester CEO | ContentfulApple iCloud MailGoogle Workspace+16 | 4 signals ▲100% Earnings | — |
| 34 | Quixel Graphics and visual effects tools provider | $3M | 99 mo ago | 100 | 2011 | Andrew Wenner Founder | Node.jsReactNext.js App Router+15 | — | — |
| 35 | Elk Studios Mobile games developer | $3M | 131 mo ago | 66 | 2012 | — | WordPressMySQLRedis+13 | — | 1 job opening · 6 launchs |
| 36 | Mindforce Game Lab Developer of AI-based games for health improvement | $3M | 49 mo ago | 11 | 2017 | Emma Lundberg Founder & Chairman | SentryVuetifyVue.js+12 | — | — |
| 37 | Like A Boss Mobile game development and publishing studio based out of Sweden | $3M | 102 mo ago | 9 | 2015 | — | — | — | — |
| 38 | Gridly Collaborative spreadsheet platform for managing and localizing multilingual content | $3M | 26 mo ago | — | 2006 | — | Amazon Web ServicesNetlifyCloudflare+16 | — | — |
| 39 | Stillfront Developer of digital games across multiple genres and gaming platforms | $2M | 72 mo ago | 1,498 | 2004 | Alexis Bonte | WordPressApple iCloud MailGoogle Workspace+22 | 19 signals ▲19% Earnings · Leadership · Board | — |
| 40 | Strange Quest Mobile game development company | $2M | 102 mo ago | — | 2016 | Adam Schaub CEO & Co-Founder | — | — | — |
| 41 | Crypto Rogue Games Developer of casual games | $2M | 27 mo ago | — | — | — | — | — | — |
| 42 | LocalizeDirect Provider of localization solutions for the gaming industry | $1M | 70 mo ago | 93 | 2009 | — | Cart FunctionalityAmazon Web ServicesNetlify+19 | — | 1 expansion |
| 43 | Gigantic Duck Video game developer focusing on casual games | $1M | 57 mo ago | — | 2019 | Alexander Martinovic Co-Founder | WordPressMySQLPHP+20 | — | — |
| 44 | Leetify AI- based performance analytics tools provider for gamers | $979K | 31 mo ago | 13 | 2019 | Vitalii Zurian CTO & Co-founder | TypeScriptChart.jsYouTube+18 | — | — |
| 45 | Walker World Provider of NFT-based multiplayer game for PC and console | $750K | 39 mo ago | — | 2021 | Kristian Frykstedt Co-Founder | WordPressMySQLPHP+17 | — | — |
| 46 | Oddiko Game development studio | $570K | 24 mo ago | — | 2022 | Kristina Jonsson Co-Founder | Cart FunctionalitySquarespace CommerceSquarespace+9 | — | — |
| 47 | Mentalytics Developer of game analytics platform and a game for PC and mobile | $404K | 36 mo ago | 4 | 2003 | Bitte Hanell ex-Founder & CEO | — | — | — |
| 48 | MYSTiC GAMES Developer of mobile and web-based casual video games | $250K | 24 mo ago | 7 | 2022 | — | — | — | — |
| 49 | E-GO APP App-based platform for esports teams and tournaments tracking | $193K | 39 mo ago | 7 | 2019 | Viktor Maisey Founder & CEO | TypeScriptGraphQLNode.js+21 | — | — |
| 50 | Aurora Arts Studio Developer of pet collecting role-playing game | $183K | 36 mo ago | 5 | 2022 | Tilla Segerstedt CEO | — | — | — |
Top 12 Gaming companies in Sweden
#1
Funding Raised · Umea, Vasterbotten County · founded 2008$5Mraised▾
Developer of racing-themed video games across multiple platforms and devices. The company creates and distributes titles in the rallycross, snocross, motocross, and BMX genres. It provides support resources and career opportunities. Games are available through major app stores.
- Jan 2026Conventional Debt$5M
#2
Seed · Stockholm, Stockholm County · founded 2020 · 2 employees$5.3Mraised▾
Developer of AI-powered character animation tools for film and game industries. It offers tools that generate animation from motion capture data. The platform allows users to mix and blend animation styles, create custom styles from mocap data, and direct AI actors in virtual scenes. It also provides a motion factory for generating animation datasets for motion matching and gameplay animation systems, with compatibility for industry-standard software.
- Jun 2025Seed$5.3M
- 2021Seed—
#3
Public · Karlstad, Varmland County · founded 2008 · 16500 employees$1.7Braised▾
Developer of PC, console, and mobile games and related media. The group owns and controls a catalog of franchises. It operates internal game development studios. The group empowers individual companies, each with its own culture and strategy. The group embraces the communities it calls home.
- Jun 2022Post IPO$1B
- Oct 2020Post IPO$657M
#4
Series A · Stockholm, Stockholm County · founded 2024$8Mraised▾
Developer of blockchain based games. It is a Web3 gaming infrastructure provider that offers a decentralized platform for gamers. The portfolio of games includes Chain of Alliance, Haggle Hustle, Entwined souls, Midnight dinner, and many more.
- Oct 2024Series A$5M
#5
Seed · Stockholm, Stockholm County · founded 2021$7Mraised▾
Game developing studio
#6
Seed · Stockholm, Stockholm County · founded 2023$3.5Mraised▾
Game development studio. It has developed games such as Battlefield, Far Cry, Star Wars Battlefront, Tom Clancy's The Division, and Mirror's Edge. It develops games for PC and console.
- Jul 2024Seed$3.5M
#7
Series A · Stockholm, Stockholm County · founded 2021 · 50 employees$39Mraised▾
Developer of PC and console-based e-sports games. It offers a free-to-play, cross-platform, multiplayer-focused football game which is available on PlayStation, Xbox, and PC.
- Apr 2023Series A$20M
- Apr 2022Seed$15M
#8
Seed · Stockholm, Stockholm County · founded 2022$11Mraised▾
AI-powered platform for gamers to find players, esports and gaming-related events. The platform offers matchmaking for different games, an AI coach specifically for League of Legends, and provides information on events and tournaments for various games.
- Feb 2024Angel$1.1M
#9
Series B · Stockholm, Stockholm County · founded 2016 · 60 employees$10.1Mraised▾
VR game development studio for PC and console platforms. The company focuses on developing VR games that offer storytelling and social play. The company has developed Apex Construct, which is an action-adventure genre-based VR game. The game is available on Steam, PlayStation Store, and Oculus store. It generates revenue through the paid games.
- Oct 2023Series B$4M
- Jul 2021Series B$4M
- Sep 2017Series A$2.1M
- Jun 2016Seed—
#10
Seed · Helsingborg, Skane County · founded 2006$2.5Mraised▾
Collaborative spreadsheet platform for managing and localizing multilingual content. It is a content management and localization platform that helps users accelerate content updates, manage multiple languages, and organize data. With features like API requests, unlimited locales, and 2 GB file storage, it offers a solution for businesses looking to streamline its content processes.
- Apr 2024Seed$2.5M
#11
Series C · Stockholm, Stockholm County · founded 2015$38.5Mraised▾
VR gaming development studio. It focuses on creating casual games. It has developed multiple VR games including Narrows, Wonderglade, and Bait. The games are available on the Google Play store, and Oculus store. It generates revenue through in-app purchases and paid games.
- Jul 2021Series C$25M
- Oct 2018Series B$7.5M
- Aug 2015Series A$6M
#12
Seed · Umea, Vasterbotten County$1.5Mraised▾
Developer of casual games
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Gaming coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Gaming Technology is moving in Sweden
A read on the academic research around Gaming Technology — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 46 Sweden-affiliated papers.
- Linköping University11
- Lund University7
- Chalmers University of Technology6
- Blekinge Institute of Technology4
- Uppsala University4
- Rendering (computer graphics)23
- Computer graphics (images)16
- Computer vision12
- Real-time rendering11
- Global illumination5
- Rendering (computer graphics)11
- Computer graphics (images)6
- Real-time rendering6
- Computer vision4
- Human–computer interaction4
- Rendering (computer graphics)3
- Real-time rendering3
- Software rendering2
- Computer graphics (images)1
- Shadow mapping1
Where gaming tech is researched across Sweden
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.