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.’’
Three unicorns Wolt (which was then acquired by Doordash), Aiven and Oura, raised a collective €658 million between the three of them. Finland has a unicorn headcount of 10, those three plus MySQL, Relex, Rovio, Supercell, Small Giant, HND, and CRF Health.
Would you like to write the first comment?
Login to post comments