General InformationMullvad VPN is a privacy-focused VPN service based in Gothenburg, Sweden, founded in 2009 by Fredrik Strömberg and Daniel Berntsson, with approximately 51–200 employees.
Funding & FinancialsMullvad VPN has raised no known external funding rounds and is 100% privately owned by its two co-founders, operating on subscription revenue at a flat €5/month price that has never changed since launch.
Leadership & TeamThe company is co-founded and actively run by Fredrik Strömberg and Daniel Berntsson; no publicly named CEO title is used, with both founders sharing operational leadership.
Recent ActivityIn August 2025, Mullvad added support for Bitcoin Lightning payments, and throughout 2025 rolled out multiple new obfuscation methods including Lightweight WireGuard Obfuscation (LWO) and enabled quantum-resistant WireGuard by default across all apps.