Neko Health leads Sifted’s 2026 Nordics growth ranking
Neko Health ranked first on Sifted’s Nordic leaderboard with 1,103.30% two-year revenue CAGR, ahead of Hystar and Inven.
By Ingrid Halvorsen · Venture Capital Reporter
· 3 min read
Neko Health has taken first place in Sifted’s 2026 Nordic growth ranking after posting a reported 1,103.30% two-year revenue compound annual growth rate from 2023 to 2025. The Neko Health Nordics ranking result puts the Stockholm preventive-health technology company, founded by Daniel Ek and chief executive Hjalmar Nilsonne, well ahead of second-placed hydrogen electrolyser maker Hystar and third-placed AI research company Inven.
Sifted published the third edition of its Sifted 100: Nordics Leaderboard on September 1. The list covers 100 qualifying companies headquartered in Denmark, Finland, Iceland, Norway and Sweden, and measures revenue growth rather than clinical results, profitability, company valuation or overall market share.
What does Neko Health’s first place in the Nordics ranking measure?
The ranking uses two-year revenue CAGR across the past three financial years. Neko’s 1,103.30% rate compared with 488.83% for Oslo-based Hystar and 422.51% for Helsinki-based Inven, according to Sifted. Neko’s reported rate was 614.47 percentage points higher than Hystar’s.
That metric captures the pace of revenue growth over the measured period. It does not, on its own, establish whether a company is profitable, whether its products are effective, or how its revenue compares in absolute terms with other businesses.
Which companies made Sifted’s Nordic top 10?
- Neko Health, Stockholm, diagnostics clinic
- Hystar, Oslo, green-hydrogen electrolyser developer
- Inven, Helsinki, AI-enabled research provider for consultants, bankers and private-equity firms
- Reel, Copenhagen, B2B electricity supplier and trader
- Validio, Stockholm, data-readiness software provider
- Fever Energy, Stockholm, virtual-power-plant software platform
- Flatpay, Herlev, payments company
- Pley, Stockholm, mobile gaming company
- Fieldstream, Stockholm, marketing analytics company
- Quartr, Stockholm, AI-enabled public-company research provider
Sifted said entrants had to be private, independent, headquartered in one of the five Nordic countries and founded in 2010 or later. They also needed to generate most of their revenue from proprietary technology, provide at least three years of comparable revenue data, and meet minimum revenue thresholds of €10,000 in the base year and €100,000 in the latest financial year.
For Neko, the ranking follows a $700 million Series C announced in July, led by Lightspeed Venture Partners and co-led by O.G. Venture Partners. Neko said at the time that more than 100,000 people in the UK and Sweden had completed a scan. Those are company-reported operating figures, separate from Sifted’s revenue-growth calculation.
Neko sells a 60-minute health assessment that the company says combines proprietary sensors, blood analysis and an in-person clinical consultation. Sifted reported that an assessment costs €350. Neko’s July announcement listed prices of £299 in the UK and 2,750 Swedish kronor in Sweden.
The broader leaderboard tilted toward Stockholm, which accounted for 39% of ranked startups, according to Sifted. Fifty-five companies were newcomers, while 22 of the 100 said they were profitable. B2B companies made up 30% of the list, and 12 entrants were described as AI-native.
This story draws on original reporting from Sifted.
