Finland’s startups attracted record-breaking investment in 2021

Finnish startups had a cracking year in 2021, pulling in a total of €1.2 billion in investment, the bulk of it from foreign venture capital firms.
Finland’s startups attracted record-breaking investment in 2021

Venture capital investors poured a total of €743 million into the Nordic country’s startups, with foreign VCs doubling down on the year before with €553 million, and €190 million coming raised from domestic VCs, all invested into some 182 startups. The rest of the €1.2 billion came from other foreign investors, such as companies and private individuals.

"Finnish success stories attracted large amounts of international funding also last year,” Pia Santavirta, managing director of the Finnish Venture Capital Association, said in a statement. “The share of foreign investments in the total amount invested in startups grew to 71 percent, totalling 855 million euros.’’

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