The 2025 funding landscape in Finland reflects a combination of large late-stage rounds and a broad level of early-stage activity. With approximately €2.9 billion raised, a substantial portion of capital is concentrated in a limited number of equity and Series B–E rounds, indicating ongoing support for more mature companies expanding internationally.
At the same time, early-stage activity remains consistent, with multiple seed, pre-seed, and Series A rounds pointing to a steady pipeline of new ventures. Debt financing also represents a relevant share, particularly in capital-intensive or scalable business models.
Across sectors, deeptech, AI/software, cleantech, and healthcare account for a large share of deals, reflecting a focus on science-based and industrial innovation. Investment is also directed toward space, quantum, and energy technologies, indicating interest in strategic and infrastructure-related areas.
Overall, the market shows a balance between early-stage development and later-stage capital concentration (for more detailed analyses of the European technology ecosystem, check out Tech.eu’s annual report: European Tech 2025 - The Big Picture).
Here are the 10 companies that raised the most in 2025.
Nokia
Amount raised in 2025: $1B
Nokia develops network infrastructure, connectivity solutions, and digital technologies that support secure and high-performance communication across fixed, mobile, and cloud networks. Its offerings are used by organisations to address evolving connectivity requirements.
In 2025, the company secured a $1 billion equity investment from Nvidia as part of a strategic partnership aimed at integrating AI into telecommunications networks and supporting data centre development.
Oura Health
Amount raised in 2025: $900M
Oura Health develops the Oura Ring, a wearable device that tracks sleep, activity, heart rate, and other biometric data, providing health and wellness insights through a connected app.
The company has raised over $900 million in 2025, resulting in an estimated valuation of about $11 billion. The funding is intended to support further development of AI capabilities, product improvements, global expansion, and additional health-related features.
IQM
Amount raised in 2025: $320M
IQM Quantum Computers is a company that develops superconducting quantum computing systems for research institutions, high-performance computing centres, and enterprises.
Founded in 2018, it provides both on-premises and cloud-accessible quantum solutions. The company works on quantum hardware, software, and integrated systems, focusing on scalability and practical applications across fields such as science, energy, and healthcare.
IQM raised $320 million in Series B in 2025 to cement Europe’s place in the quantum computing race.
ICEYE
Amount raised in 2025: €209.3M
ICEYE is a space technology company that develops and operates a constellation of synthetic aperture radar (SAR) satellites.
Its systems provide high-resolution Earth observation data that can be captured day or night and in all weather conditions. The company delivers satellite imagery and analytics solutions to governments and commercial organisations, supporting applications such as disaster response, environmental monitoring, and security.
The company secured €209.3 million in 2025 to expand and scale its space-based intelligence capabilities, particularly for defence and real-time monitoring.
GoByBike
Amount raised in 2025: €125M
GoByBike is a company that provides bicycle leasing and employee benefit services to employers and their staff.
Founded in 2020, it enables organisations to offer company bike programs, allowing employees to acquire bicycles through salary-based payments. The company manages the full process, including financing, administration, and delivery, supporting sustainable commuting and workplace wellbeing.
GoByBike has secured a €125 million loan financing arrangement to expand operations and increase its capacity to provide bicycle benefit services.
NestAI
Amount raised in 2025: €100M
NestAI is a technology company focused on developing physical AI systems for real-world operations.
The company builds autonomous systems and AI-enabled command and control platforms that integrate software, hardware, and data for mission-critical environments. Its technologies are used across areas such as logistics, inspection, security, and defence, with an emphasis on reliability, interoperability, and real-world performance.
NestAI secured a €100 million investment to support the establishment of a physical AI laboratory and the development of autonomous vehicles and command-and-control systems for defence applications.
DataCrunch (now Verda)
Amount raised in 2025: €55M
DataCrunch (now operating as Verda) is a cloud infrastructure company that provides GPU-based computing services for artificial intelligence workloads.
The company offers on-demand access to high-performance compute clusters, enabling organisations to train, deploy, and scale AI models efficiently. Its platform supports enterprises, researchers, and developers with scalable, cost-effective infrastructure powered by renewable energy and designed for data sovereignty and performance.
DataCrunch raised €55 million to boost EU AI sovereignty with green cloud infrastructure.
ReOrbit
Amount raised in 2025: €45M
ReOrbit is a space technology company that designs and manufactures software-defined, interconnected satellites and space systems for secure data transmission and in-orbit processing.
Its solutions support both defence and civilian applications, enabling independent control of critical space assets and communications. The company combines hardware, software, and system integration to deliver scalable and sovereign space infrastructure.
In 2025, ReOrbit raised a €45 million Series A round to accelerate its growth and expansion.
Hycamite
Amount raised in 2025: €44M
Hycamite is a cleantech company that develops technology to split methane into low-carbon hydrogen and solid carbon without CO₂ emissions.
Founded in 2020, it provides scalable solutions for industrial decarbonization. Its proprietary process produces hydrogen and high-value carbon materials, including battery-grade graphite, supporting applications across energy, chemicals, and manufacturing.
In 2025, Hycamite secured €44 million to scale up clean hydrogen and carbon production in Finland.
IXI
Amount raised in 2025: $36.5M
IXI Eyewear is a technology company developing adaptive eyewear with autofocus lenses.
Its glasses use integrated eye-tracking technology to automatically adjust focus in real time, providing clear vision at different distances. The company combines optical science, hardware, and design to create a new category of smart eyewear aimed at improving vision in everyday use.
IXI raised $36.5 million in 2025 for autofocus glasses that promise sharper, smarter vision.
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