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Radar · In Store Retail Tech in Sweden

Best In Store Retail Tech Companies in Sweden

The 58 best In Store Retail Tech companies in Sweden in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Zettle.

58companies tracked
$326.5Mdisclosed funding
0unicorns
19have raised

Sweden's In Store Retail Tech sector has 58 tracked companies and $327M in disclosed funding — and Zettle alone accounts for $191M of that pool. That concentration tells you something real about where the weight sits. Yabie follows at $54M, TrusTrace at $30M, and Sitoo at $27M, which means four companies have absorbed the bulk of capital while the remaining 54 firms operate on comparatively thin equity. The global in-store retail tech market stood at roughly $8.9B in 2023, driven by inventory management, customer traffic analytics, and commercial infrastructure demands. So the Swedish cohort is playing a meaningful role in a market with genuine scale behind it.

What strikes me is how distributed the investor base is, with Almi Invest, Antler, NFT Ventures, and others spreading bets across a wide field rather than doubling down on a single thesis. Median install growth across retail-adjacent apps is running around plus-20% year-over-year across 818 tracked apps, which signals that end-user adoption is holding up even as funding stays concentrated. Regulatory pressure is real too, with more tax obligations landing on retailers' balance sheets and pushing demand for tech that justifies its cost in hard efficiency gains. No unicorns yet from this cohort, but the revenue fundamentals underneath companies like Zettle suggest the category earns its keep.

Sources & further reading
  • GS1 US

Ranked: Best In Store Retail Tech companies in Sweden

#CompanyLast roundDisclosed fundingEmployeesFounderTech stackWeb popularityPatents & IP focusRecent signals
1Adfields
Mobile in-ad payment solution and beacon provider
———Martin Kemeny
Founder & CEO
————
2aponsa
Aponsa is focuses on developing the retail sector with technology being one of the tools.
——20—————
3Close Beacon
Provider of a smart beacon for location tracking solutions
———Axel Hammar
Founder & CEO
————
4Close Payment
Mobile payments and proximity marketing enabled by a BLE based smart device
———Stefan Hultberg
Co-Founder & CEO
————
5Cognimatics
Intelligent video and image analysis
——12Rikard Berthilsson
CEO
——13 patents
Camera calibration and occupancy estimation for computer vision in smart building analytics
—
6Crona Boxnet
Developer and supplier of point of sale systems for retailers and sports facilities.
——8—WordPressMySQLPHP+32Top 5M——
7deligate
Deligate is an application that simplifies controls of best-before dates in the food trade.
——11———2 patents
Food waste reduction through data-driven monitoring and optimization systems.
—
8Divvit
E-commerce analytics and reporting
——9—————

Top 12 In Store Retail Tech companies in Sweden

#1
Late Stage · Stockholm, Stockholm County · founded 2004 · 70 employees
$27.4Mraised
▾

Sitoo is a provider of mobile point of sale (mPOS) for businesses. The cloud-based mPOS platform for global retailers with an omnichannel solution. It helps the customers to move through physical and digital stores. Its features include barcode scanning, customer account profiling, discount management, electronic signature, gift card management, loyalty program, and more.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 8k LinkedIn followers — 5.6% of this cohort's audience
Activity: 1 partnerships · 1 awards (incl. Kid ASA) announced in 12 mo
Funding rounds
  • Nov 2024PE$27.4M
Founders & team
Jens LevinCo-Founder & CEOMichael MeurlingerCo-Founder & CTO
Investors
Verdane, Knoxville, Centripetal
Tech stack
Amazon Web ServicesAnimate.CssBootstrapCdnjsCloudflareCloudflare Bot Management
#2
Series A · Stockholm, Stockholm County · founded 2019 · 10 employees
$1.2Mraised
▾

Traxlo is a provider of store analysis solutions for businesses. The solution utilizes a number of sensors like location sensors, cameras with computer vision, and additional data inputs from cashiers and other sources to gather real-time performance data from the shop-floor through the dashboard. Its uses its proprietary sensor fusion technology which is able to digitalize retail store.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 1k LinkedIn followers
Activity: 1 partnerships · 1 awards · 1 expansions (incl. Carrefour România) announced in 12 mo
Funding rounds
  • Jun 2025Series A$1.8M
  • May 2023Seed$1.2M
  • Aug 2020Seed—
Founders & team
Paulius VezelisCEO
Investors
Antler, Iron Wolf Capital, Black Pearls, CoInvest Capital, BADideas.fund, Plug and Play Tech Center
Tech stack
BootstrapCloudflareCloudflare Bot ManagementGoogle CloudGoogle Cloud CdnGoogle Tag Manager
#3
Seed · Malmo, Skane County · founded 2015 · 9 employees
$610.7Kraised
▾

Innoscentia has developed sensor-based technology to detect spoilage of food from bacteria. Claims that its product enables producers, retailers, and consumers to predict the shelf life of food products more accurately. The sensor-enabled device detects the acid vapors from spoiled food by transmitting electrical signals which can be sent via IoT technology to mobile devices.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers — 2.3% of this cohort's audience
Activity: 1 partnerships · 3 awards (incl. Innoscentia) announced in 12 mo
Funding rounds
  • Jan 2025Angel$520.3K
  • Nov 2023Grant (prize money)$90.4K
Investors
Europa
Tech stack
Squarespace CommerceSquarespaceHsts
#4
Series B · Stockholm, Stockholm County · founded 2016 · 122 employees
$30Mraised
▾

Provider of a platform for supply chain traceability and compliance. The platform offers tools for supply chain mapping, risk assessment, regulatory compliance, and end-to-end supply chain visibility. It helps businesses manage supplier data, track materials, and automate reporting. The platform supports various compliance requirements and sustainability goals.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 14k LinkedIn followers — 9.8% of this cohort's audience
Activity: 1 partnerships (incl. TrisTrace) announced in 12 mo
Funding rounds
  • Jan 2024Series B$24M
  • Oct 2021Series A$6M
  • 2019Seed—
  • 2018Grant (prize money)—
Founders & team
Hrishikesh RajanCo-FounderShameek GhoshCo-Founder & CEOMadhava VenkateshCo-Founder
Investors
Backing Minds, Zalando, Vinnova, Fashion For Good, Industrifonden, Fairpoint Capital
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesAngularAnimate.CssCloudflare
#5
Series B · Stockholm, Stockholm County · founded 2017 · 114 employees
$53.7Mraised
▾

Platform offering POS solutions for businesses. It offers cash register systems for various businesses like shops, restaurants, and cafes. Its features include product information management, stock management, order management, payments management, reporting, administration management, and more. The store owners can directly access the store data from the mobile phone or iPad.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 4k LinkedIn followers — 2.6% of this cohort's audience · 68 engagements/post (3.8× cohort median)
Hiring: 1 hiring post in 12 mo (public) · hiring: Partner Manager
Activity: 1 partnerships (incl. Infrasec Sweden AB) announced in 12 mo
Funding rounds
  • Jun 2022Series B$16.1M
  • May 2021Series B$26.5M
  • Feb 2019Grant (prize money)$57.3K
Investors
Swedbank, NFT Ventures, Brightly Ventures, Tioex, Absolute Unlisted, Europa
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesAngularAnimate.CssAtlassian Statuspage
#6
Acquired · Stockholm, Stockholm County · founded 2010 · 754 employees
$191.4Mraised
▾

Payment processing solutions for merchants and businesses. It provides solutions such as hardware-based POS terminals, link-based payment solutions, QR-based payment solutions, payment gateways, and more. It facilitates payments via physical and NFC-enabled credit or debit cards, bank transfers, wallets, and more. It also provides checkout solutions.

Funding rounds
  • Dec 2017Series E$47M
  • Sep 2017Conventional Debt$35.8M
  • Jan 2017Conventional Debt$47.4M
  • Jan 2017Series D$15.8M
Founders & team
Magnus NilssonCo-FounderJacob De GeerFounder / CEO
Investors
Creandum, Northzone, Intel Capital, MCI Capital, Ernstromgruppen, Santander
Tech stack
AlgoliaAmazon CloudfrontAmazon S3Amazon SesAmazon Web ServicesApollo
#7
Seed · Malmo, Skane County · founded 2015 · 17 employees
$2.8Mraised
▾

Platform offering contract creation solution. It allows users to create, edit and share the contracts. It enables users to create digital sales contracts by embedding e-signatures, and secure payment features. It allows users to co-edit with the counterparty.

Funding rounds
  • Jan 2024Seed$2.2M
  • May 2015Seed$572.2K
Founders & team
Fredrik AnderssonCo-FounderJohan HultgrenCEO
Investors
Seed Capital, XVC Tech, NFT Ventures, THINK Accelerate
Tech stack
Amazon Web ServicesBootstrapConcrete CmsCore-JsEnvoyFacebook Pixel
#8
Series A · Gothenburg, Vastra Gotaland County · founded 2008 · 13 employees
$4.4Mraised
▾

Interactive digital signage software solutions for offline retailers. Its software solution creates, manages, and distributes digital content on screens from PCs, tablets, and smartphones. Users can schedule their broadcast timings. The company's other tech product, Touchtech Vendo, enables offline retailers to sell their products online. The company also provides installation services.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers
Activity: 1 product launches · 1 partnerships (incl. Nosto) announced in 12 mo
Funding rounds
  • Nov 2021Series A$4.4M
  • 2014Series A—
Investors
Almi Invest, Heartland, Starbright Invest
Tech stack
AstroCloudflareCloudflare TurnstileGoogle AnalyticsGoogle CloudGoogle Cloud Storage
#9
Acquired · Stockholm, Stockholm County · founded 2015 · 26 employees
$5.5Mraised
▾

Provider of AI-based analysis of promotion performance for offline businesses. The company provides Retail DecisionCloud, an AI platform, which collects POS data and offers competitive intelligence and analytics using machine learning algorithms. It helps in the evaluation, forecast, and optimization of multi-channel trade promotions. It also offers a promotion recommendation engine, price optimization, and more.

Funding rounds
  • Jan 2020Seed$4.1M
  • Oct 2019Grant (prize money)$55.6K
  • Aug 2018Seed$1.4M
  • Seed—
Founders & team
Andreas WillgertCo-Founder & CEO
Investors
Industrifonden, henQ, J12, EIC Fund, Venture Securities
#10
Seed · Gothenburg, Vastra Gotaland County · founded 2018 · 10 employees
$1.6Mraised
▾

Provider of social media marketing solutions through automated ad. The company provides social media marketing solutions through an automated ad for e-tailers. It helps users to improve web-conversion and allows to retarget product visitors from e-tail. It also allows users to optimize reviews and execute e-tailer campaigns.

Funding rounds
  • Jun 2022Seed$1.6M
  • 2020Seed—
Founders & team
Leif SundstromCo-FounderViktor NordFounder
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesAngularCart FunctionalityCore-Js
#11
Deadpooled · Lund, Skane County · founded 2013 · 10 employees
$2.2Mraised
▾

Modcam is a platform for video content analytics through image processing and the interaction between software, hardware and camera sensor. They provide a device, the MOD.01, which is a sensor for generating heat maps, counting people, etc. The information gathered is then processed with analytics software in the sensor device itself which enables high level of security and privacy. In retail spaces it can be used to measure marketing effectiveness, optimize layout, plan staffing, etc. It can be used in offices, malls, convention centers, hotels, etc. to understand people patterns and office space utilization rates.

Funding rounds
  • Jun 2017Grant (prize money)$57K
  • Jan 2017Grant (prize money)$52.6K
  • Nov 2015Seed—
  • Sep 2015Seed$606.5K
Investors
EIC Fund, Spintop Ventures, Europa, Robert Bosch Venture Capital, Solang, Starbright Invest
#12
Seed · Stockholm, Stockholm County · founded 2017 · 25 employees
$1.1Mraised
▾

Northfork provides an AI-powered shopping list builder for grocery retailers. It provides a cloud-based solution for online grocery retailers that allows their customers to build a grocery shopping list according to the recipes. It allows shoppers to combine any recipes and add the ingredients into the shopping cart.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 1k LinkedIn followers
Activity: 1 partnerships (incl. iCook) announced in 12 mo
Funding rounds
  • Aug 2020Seed$1.1M
Investors
J12, Chalmers Ventures, Quinary Investment
Tech stack
Framer SitesReactGoogle AdsLinkedin Insight TagLinkedin AdsGoogle Analytics

Funding & investor landscape

$326.5Mtotal disclosed funding
19companies funded
40disclosed rounds
0rounds last 90 days
Most active investors
Almi Invest4 rounds
Europa4 rounds
NFT Ventures3 rounds
Starbright Invest3 rounds
Antler2 rounds
EIC Fund2 rounds
Ideon Innovation2 rounds
Industrifonden2 rounds
J122 rounds
83NORTH1 rounds

Notable founders

Jens Levin
Co-Founder & CEO · Sitoo
Michael Meurlinger
Co-Founder & CTO · Sitoo
Paulius Vezelis
CEO · Traxlo
Hrishikesh Rajan
Co-Founder · TrusTrace
Shameek Ghosh
Co-Founder & CEO · TrusTrace
Magnus Nilsson
Co-Founder · Zettle
Jacob De Geer
Founder / CEO · Zettle
Fredrik Andersson
Co-Founder · Swiftcourt
Johan Hultgren
CEO · Swiftcourt
Andreas Willgert
Co-Founder & CEO · Formulate
Leif Sundstrom
Co-Founder · re:nable
Viktor Nord
Founder · re:nable
Prism market signals · Sweden · country-scoped Prism corpus, 865,106 docs

Market landscape — 10 sub-themes by coverage

Share of In Store Retail Tech coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

Common questions

How many In Store Retail Tech companies are there in Sweden?
Radar tracks 58 indexable In Store Retail Tech companies headquartered in Sweden that meet our profile-completeness bar.
What is the total funding raised by In Store Retail Tech companies in Sweden?
The In Store Retail Tech companies in Sweden on this list have raised a combined $326.5M in disclosed equity funding across 19 funded companies.
Which is the highest-funded In Store Retail Tech company in Sweden?
Zettle is the highest-funded In Store Retail Tech company in Sweden, with $191.4M in disclosed equity funding.
How many In Store Retail Tech companies in Sweden are funded?
19 of the 58 In Store Retail Tech companies in Sweden on this list have disclosed at least one equity funding round.
How many In Store Retail Tech unicorns are there in Sweden?
None of the In Store Retail Tech companies in Sweden on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Sweden In Store Retail Tech companies?
The most active investors in Sweden In Store Retail Tech companies on this list include Almi Invest, Europa, NFT Ventures, Starbright Invest, Antler.
Riya SenguptaFinancials

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.

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