10.06.2025

Deal |

2025

AI tax FinTech Aibidia secures $28m Series B for US growth

Founded: 2018

Investment Raised: USD 28m €

Valuation Remains Undisclosed

Investors: Activant Capital, DN Capital, FPV Ventures, Icebreaker.vc

02.06.2025

Deal |

2025

Can flies feed the world? This Finnish BioTech startup thinks so—and just raised €26 million to prove it

Founded: 2021

Investment Raised: EUR 26m €

Valuation Remains Undisclosed

Investors: Finnish Climate Fund, Finnvera Venture Capital, Firstminute Capital, Maki.vc, Norion Bank, Springvest

16.05.2025

Deal |

2025

TILT Biotherapeutics raised $25.6M to find a cure for ovarian cancer

Founded: 2013

Investment Raised: USD 25.6m €

Valuation Remains Undisclosed

Investors: European Innovation Council, Lifeline Ventures, Stephen Industries, Tesi

16.05.2025

Deal |

2025

Mandatum Asset Management invests in rapidly growing golf equipment manufacturer Takomo

Investment Raised: EUR 20m €

Valuation Remains Undisclosed

Investors: Mandatum, Rite Ventures

14.03.2025

Deal |

Valo Therapeutics announces EUR 19m of investment funding and expanded clinical trials

Founded: 2016

Investment Raised: EUR 19m €

Valuation Remains Undisclosed

Investors: CDP Venture Capital, ENEA Tech e Biomedical, Freeman Road, Indaco Venture Partners

07.03.2025

Deal |

2025

Steady Energy secures €22M in funding – led by Copenhagen based 92 Ventures – to accelerate pioneering small nuclear reactor technology

Founded: 2023

Investment Raised: EUR 22m €

Valuation Remains Undisclosed

Investors: 92 Ventures

19.02.2025

Deal |

2025

Finnish startup moves toward scaleup with €17.5M funding for cryogenic CMOS technology

Founded: 2022

Investment Raised: EUR 15m €

Valuation Remains Undisclosed

Investors: EIC Accelerator

20.12.2024

Deal |

2024

Finland’s ICEYE Secures $65M in Additional Funding

Founded: 2014

Investment Raised: USD 65m €

Valuation Remains Undisclosed

Investors: BlackRock, Christo Georgiev, Plio, Seraphim Space, Solidium

22.11.2024

Deal |

2024

Oura valued at $5B following deal with medical device firm Dexcom

Founded: 2013

Investment Raised: USD 75m €

USD 4.9b

Valuation

Investors: Dexcom

22.11.2024

Deal |

2024

TactoTek Secures $60 Million in Funding Led by Virala Group

Founded: 2011

Investment Raised: USD 60m €

Valuation Remains Undisclosed

Investors: 3M New Ventures, Conor Venture Partners, Cornes Technology, Elo, European Investment Bank, Ingman Group, Nidoco, Tesi, Turret Oy, VTT Technical Research Centre of Finland

15.04.2024

Deal of the Week |

Calendar Week # 16 |

2024

Finland’s satellite imaging startup ICEYE raises oversubscribed €87M growth funding round

Founded: 2014

Investment Raised: EUR 87M €

Valuation Remains Undisclosed

Investors: Solidium Move Capital Blackwells Capital Christo Georgiev

21.03.2024

Deal |

2024

Finnish Steady Energy secures €10 million investment to transform energy sector with innovative nuclear solutions

Founded: 2023

Investment Raised: EUR 10.0M €

Valuation Remains Undisclosed

Investors: Lifeline Ventures (https://www.lifelineventures.com/) Yes VC (https://yes.vc/)

29.11.2023

Deal |

2023

Finnish One Click LCA raises €40M of growth investment from PSG and InfraVia

Founded: 2001

Investment Raised: EUR 40M €

EUR 40M

Valuation

Investors: InfraVia Capital Partners (https://infraviacapital.com/) PSG Equity (https://www.psgequity.com/)

02.11.2023

Deal |

2023

Espoo-based Kuva Space raises €16.6 million to launch microsatellite constellation for Earth observation

Founded: 2016

Investment Raised: EUR 16.6M €

Valuation Remains Undisclosed

Investors: Earth Venture Capital (https://www.earth.vc/) Nordic Foodtech VC (https://nft.vc/) Springvest (https://www.springvest.fi/) Voima Ventures (https://voimaventures.com/)

31.10.2023

Deal |

2023

Highland Europe leads $22M funding for Wirepas‘ low-cost, low-energy scalable IoT networks

Founded: 2010

Investment Raised: USD 22M €

Valuation Remains Undisclosed

Investors: Amalfi Capital (http://www.amalficapital.com/) ETF Partners (https://etfpartners.capital/) Highland Europe (https://www.highlandeurope.com/) In-Q-Tel (https://www.iqt.org/) KPN Ventures (https://www.kpnventures.com/) Vesa Laisi Vito Ventures (http://vito.vc/)

05.10.2023

Deal |

2023

Web3 social platform Phaver raises $7 million in seed funding

Founded: 2020

Investment Raised: USD 7M €

Valuation Remains Undisclosed

Investors: Alphanonce (https://www.alphanonce.com/) dao5 (https://dao5.com/) Foresight Ventures (https://www.foresightventures.com/) Nomad Ventures (https://www.nomadfund.vc/) Polygon Ventures (https://polygonventures.xyz/) Superhero Capital (https://superherocapital.com/) SwissBorg (https://swissborg.com/de) Symbolic Capital (https://www.symbolic.capital/)

18.07.2023

Deal |

2023

Hycamite raises 25 million euros from Sojitz Corporation and other investors to support low-carbon hydrogen production with methane pyrolysis

Founded: 2021

Investment Raised: EUR 25M €

Valuation Remains Undisclosed

Investors: Finnish Climate Fund (https://www.ilmastorahasto.fi/en/) HAI Capital Group (https://www.haicapg.com/) Holdix Oy Ab (https://holdix.fi/) Sojitz (https://www.sojitz.com/en/) Stephen Industries (https://www.stephenindustries.com/#!) Turret Oy

29.06.2023

Deal |

2023

World’s first waterproof solid wood sanitaryware woodio logs €16.3M funding

Founded: 2016

Investment Raised: EUR 16M €

Valuation Remains Undisclosed

Investors: European Innovation Council (https://eic.ec.europa.eu/) United Bankers (https://www.unitedbankers.fi/en/)

27.06.2023

Deal |

2023

Air Mobility Startup Lygg Raises €3.6 Million to Reduce Time and Costs Associated with Business Travel

Founded: 2020

Investment Raised: EUR 3M €

Valuation Remains Undisclosed

Investors: Superhero Capital (https://superherocapital.com/)

28.03.2023

Deal |

2023

Norsepower Raises €28M in Series C Funding

Founded: 2012

Investment Raised: EUR 28M €

Valuation Remains Undisclosed

Investors: Finnish Climate Fund (https://ilmastorahasto.fi/en) Mirova (https://www.mirova.com/en) Nefco (https://www.nefco.org/) OGCI Climate Investments (https://www.ogci.com/climate-investments/) Tesi (https://www.tesi.fi/en/) VNT Management (https://www.vntm.com/)

23.02.2023

Deal |

2023

Nosto raises $16M as it launches site search within its Commerce Experience Platform (CXP)

Founded: 2011

Investment Raised: USD 16M €

Valuation Remains Undisclosed

Investors: Mandatum (https://www.mandatumam.com/)

29.11.2022

Deal |

2022

Helsinki-based real estate services platform Rive bags €23M to simplify home buying and selling

Founded: 2017

Investment Raised: EUR 23M €

Valuation Remains Undisclosed

Investors: IDC Ventures (https://idcventures.com/)

14.11.2022

Deal |

2022

Yahaha’s metaverse creation tool lures $40 million

Founded: 2020

Investment Raised: USD 40M €

Valuation Remains Undisclosed

Investors: 37 Interactive Entertainment (https://www.37entertainment.net/) Alibaba Group (https://www.alibabagroup.com/en-US/) Shunrong Gufen (https://www.crunchbase.com/organization/shunrong-gufen) Taihecap (Formerly TH Capital) (https://www.taihecap.com/) Temasek Holdings (https://www.temasek.com.sg/en/index)

25.10.2022

Deal |

2022

Nordic hospitality innovator Bob W raises €21 million to expand across Europe

Founded: 2018

Investment Raised: EUR 21M €

Valuation Remains Undisclosed

Investors: Elevator Ventures (https://www.elevator-ventures.com/) Flashpoint (https://flashpointvc.com/) IDC Ventures (https://idcventures.com/) Verve Ventures (https://www.verve.vc/)

19.09.2022

Deal |

2022

Sievo Announces $44 Million Growth Investment from Susquehanna Growth Equity

Founded: 2003

Investment Raised: USD 44M €

Valuation Remains Undisclosed

Investors: Susquehanna Growth Equity (https://sgep.com/)

06.09.2022

Deal |

2022

Varjo, an early mover in building XR headsets and software for enterprises, taps $40M

Founded: 2016

Investment Raised: USD 40M €

USD 146M

Valuation

Investors: Atomico (https://atomico.com/) EQT Ventures (https://eqtventures.com/) Foxconn (https://www.foxconn.com/en-us/) Lifeline Ventures (https://www.lifelineventures.com/) Mirabaud Asset Management (https://www.mirabaud-am.com/en/) Tesi (https://www.tesi.fi/en/) Volvo Cars Tech Fund (https://www.volvocars.com/intl/v/tech-fund)

07.07.2022

Deal |

2022

Happeo lands $26M to provide a central intranet portal for employees

Founded: 2017

Investment Raised: USD 26M €

Valuation Remains Undisclosed

Investors: Endeit Capital (https://endeit.com/) Evli Growth Partners Inkef (https://www.inkef.com/) Maki.vc SmartFin (https://smartfinvc.com/) Vendep Capital (https://www.vendep.com/)

27.06.2022

Deal |

2022

Finnish plant-based product manufacturer raises €13M funding from Swedish foodtech investment company

Founded: 2015

Investment Raised: EUR 13M €

Valuation Remains Undisclosed

Investors: Nicoya (https://www.nicoya.se/)

19.05.2022

Deal |

2022

Aggregator eBrands raises €29 million

Founded: 2020

Investment Raised: EUR 29M €

Valuation Remains Undisclosed

Investors: Rettig Group (https://rettig.fi/) Veikko Laine Oy (https://www.veikkolaine.fi)

12.05.2022

Deal |

2022

Finnish open source software champion Aiven raises $210 million, landing a $3 billion valuation

Founded: 2016

Investment Raised: USD 210M €

USD 3B

Valuation

Investors: Atomico (https://atomico.com/) BlackRock (https://www.blackrock.com/institutions/en-ch/compliance/terms-and-conditions?targetUrl=%2Finstitutions%2Fen-ch%2Fstrategies%2Falternatives%2Fprivate-equity) Earlybird Venture Capital (https://earlybird.com/) Eurazeo (https://www.eurazeo.com/en) IVP (https://www.ivp.com/) Salesforce Ventures (https://www.salesforce.com/company/ventures/) World Innovation Lab (WiL) (https://wilab.com/)