Best Mining Companies in Sweden
The 77 best Mining companies in Sweden in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: GreenIron.
Our analysis of 100 Mining companies
$17.0b in tracked funding; 82% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Mining companies in Sweden
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | GreenIron Provider of CO2-free metal production using recycled materials | $6M | 54 mo ago | Series A | — | 2018 | WordPressMySQLPHP+19 | — | 109 patents Direct reduced iron and steel production technologies, including carburization and process equipment. | — |
| 2 | Orexplore Portable equipment provider for analyzing non-organic materials | $3M | 108 mo ago | Public | — | 2006 | — | — | 32 patents Geological sample handling and density measurement instrumentation for mineral analysis | — |
| 3 | Lovisagruvan Zinc & silver mining company | $2M | 108 mo ago | Funding Raised | Jan Bjorklund CEO | 2004 | WordPressMySQLPHP+11 | — | — | — |
| 4 | MAQ Manufacturer of vibration-dampened machining tools for CNC applications | $959K | 60 mo ago | Seed | Amir Rashid Co-Founder | 2017 | WordPress Block EditorWordPressMySQL+27 | — | 39 patents Vibration damping and tool holder systems for high‑precision machine tools | — |
| 5 | Epiroc Manufacturer of drill rigs, rock excavation, and construction equipment | $166K | 61 mo ago | Early Stage | Helena Hedblom CEO | 1873 | Adobe Experience ManagerApple iCloud MailMicrosoft 365+27 | — | 16 patents Handling devices for drill‑string components in rock drilling rigs and equipment | — |
| 6 | RockSigma Provider of seismic processing solutions to manage underground mining | $144K | 28 mo ago | Seed | Wille Tornman Co-Founder | 2020 | — | — | — | 1 job opening |
| 7 | First Nordic Metals Developer of exploration projects focused on gold and other resources | — | 9 mo ago | Public | Russell Bradford CEO | — | WordPressMySQLPHP+20 | — | — | — |
| 8 | Akobo Minerals Provider of gold exploration and mining services | — | 10 mo ago | Late Stage | Jorgen Evjen Co-Founder & CEO | 2009 | WordPressMySQLPHP+26 | 3 signals Announcements | — | — |
| 9 | Sandvik Manufacturer of mining and infrastructure equipment tools | — | 26 mo ago | Public | Stefan Widing President and CEO | 1862 | Tailwind CSSSvelteAzure+11 | 41 signals ▼23% Contracts · M&A · Announcements | 227 patents Advanced drilling tools and rock‑drilling components for metal and mineral extraction. | 1 award |
Top 12 Mining companies in Sweden
#1
Series A · Stockholm, Stockholm County · founded 2018 · 100 employees$5.5Mraised▾
Provider of CO2-free metal production using recycled materials. It utilizes a patented process to recycle valuable residuals from various industries, creating fossil-free iron. The company partners with other businesses in the metals and mining sectors to develop a completely CO2-free value chain. Its technology is based on decades of research and development, resulting in a unique and environmentally friendly production method. The process involves the use of green hydrogen as a reducing agent.
- Dec 2021Series A$5.5M
#2
Seed · Lulea, Norrbotten County · founded 2020$143.9Kraised▾
Provider of seismic processing solutions to manage underground mining. The suite of software products is used for monitoring, analyzing, and predicting seismic activity in underground mines. It utilizes artificial intelligence in seismic processing tools through self learning models that improve and auto calibrate with mining induced changes in the rock mass. It allows for managing seismic event processing algorithms, and tracking event location and classification of minerals.
- Feb 2024Seed$143.9K
#3
Public · Stockholm, Stockholm County · founded 2006 · 35 employees$2.8Mraised▾
Orexplore develops portable equipment for analyzing the composition of non-organic materials. The company offers patented X-ray technology and a software platform to penetrate the drill sample to collect information from the core. The solution continuously gathers high-resolution data.
- Jun 2017Grant (prize money)$1.4M
- Jan 2017Grant (prize money)$1.3M
#4
Seed · Bromma, Stockholm County · founded 2017 · 8 employees$958.8Kraised▾
Manufacturer of vibration-dampened machining tools for CNC applications. These tools utilize self-tuning mass damper technology to reduce vibration during milling, turning, and boring operations. This results in smoother machining processes, improved precision, and enhanced productivity by allowing for higher speeds and feeds without compromising quality. The oil-free design contributes to lower operational costs. The tools are designed for various industries and applications, offering a plug-and-play solution for improved machining efficiency.
- Jun 2021Seed—
- Jan 2021Seed$299.4K
- Sep 2020Seed$28.1K
- Jun 2019Seed$631.4K
#5
Funding Raised · Strassa, orebro County · founded 2004$2Mraised▾
Zinc & silver mining company
- Jun 2017Grant (prize money)$1M
- Jan 2017Grant (prize money)$960.4K
#6
Early Stage · Nacka, Stockholm County · founded 1873 · 1192 employees$166.5Kraised▾
Epiroc is a manufacturer of drill rigs, rock excavation, and construction equipment. It caters to industries such as mining, construction, demolition & recycling, and oil & gas industries. Its product offerings include drill rigs, loaders & trucks, rock drilling tools, hydraulic attachments, mechanical rock excavation equipment, ventilation systems, and raise boring equipment. It also provides parts & services such as replacement parts & kits, rock drills & rotation units, and service agreements & audits. In 2022, the company recorded annual revenues of $5.05B and a net profit of $0.84B.
#7
Public · Sweden—raised▾
Developer of exploration projects focused on gold and other resources. The company holds a controlling position in a gold district. It focuses on consolidating assets to create a gold camp. The company’s projects have identified targets and high potential for new discoveries.
#8
Late Stage · Gothenburg, Vastra Gotaland County · founded 2009—raised▾
Provider of gold exploration and mining services
#9
Public · Stockholm, Stockholm County · founded 1862 · 23259 employees—raised▾
Provider of various industrial products and services. Its product portfolio includes industrial machinery, such as metal-cutting tools and tooling systems, mining and construction equipment and tools, tube, strip, wire, powder, and a range of other products in special alloys. In 2022, the company recorded annual revenues of $11.39B and a net profit of $1.04B.
#10
Seed · Farsta, Stockholm · founded 2021—raised▾
Hypex Bio is a company that specializes in nitrate-free emulsion explosive technology for use in civil underground and surface mining, as well as construction rock blasting operations. They offer sustainable and environmentally friendly explosives solutions for the industry.
- Oct 2023Seed—
#11
Seed · Lulea, Norrbotten County · founded 2019 · 22 employees—raised▾
Provider of 3D lidar technology for remote monitoring and sensing. It provides 3D technology for remotely monitoring various infrastructures. It detects deviations in work and tracks employees, other humans, machines, and vehicles to prevent errors and accidents. It caters to multiple industries.
- 2022Seed—
#12
Funding Raised · Lulea, Norrbotten County · founded 1890 · 177 employees—raised▾
Provider of iron ore, minerals, and other products exploration services
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Mining coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Mining Technology is moving in Sweden
A read on the academic research around Mining Technology — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 48 Sweden-affiliated papers.
- Luleå University of Technology38
- Luossavaara-Kiirunavaara Aktiebolag5
- Boliden5
- Chalmers University of Technology3
- University of Borås2
- Mineral processing3
- Comminution1
- Profit (economics)1
- Process engineering1
- Mining engineering1
- Beneficiation1→7
- Mineral processing2→6
- Froth flotation1→4
- Mineral processing9
- Beneficiation4
- Comminution4
- Metallurgy3
- Froth flotation3
Where mining 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.