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Top 56 Espoo Startups to Watch in 2026

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Espoo, Finland is a hub for deep technology and hardware companies. The city's startup ecosystem features a mix of new ventures and established industrial firms.

Leading the pack are companies like IQM Quantum Computers, which has raised $569.1M. Close behind is satellite data company ICEYE with $529.6M in funding.

Below is our list of 56 Espoo startups worth keeping an eye on.

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IQM Quantum Computers builds full-stack quantum computing systems for research institutions and supercomputing centers. Their co-design approach allows scientific teams to work directly with the hardware, accelerating breakthroughs in quantum research.

Year Founded2018
FoundersJan Goetz, Juha Vartiainen, Kuan Tan, Mikko Möttönen
Funding Amount$569.1M
Startup SizeLarge Team (251-1,000)
Last Funding StatusSeries B
Top Investors55 North, European Investment Bank, Ten Eleven Ventures, Tesi, Vsquared Ventures

ICEYE operates a large constellation of radar satellites for persistent monitoring of any location on Earth. They provide reliable earth observation data and analytics through clouds and darkness to clients in government and commercial industries.

Year Founded2014
FoundersPekka Laurila, Rafal Modrzewski
Funding Amount$529.6M
Startup SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsBlackRock, Draper Associates, Tesi, BAE Systems, Starlight Ventures

Metsä Group creates a wide range of products from renewable wood sourced from sustainably managed northern forests. Their solutions include paperboards for packaging, premium tissues, and engineered wood products for construction.

Year Founded1934
Founders
Funding Amount$207.4M
Startup SizeEnterprise Organization (5,001+)
Last Funding StatusDebt Financing
Top InvestorsY Combinator, European Commission

Agate Sensors develops advanced sensors for equipment manufacturers, enabling machines to detect, identify, and classify people, vital signs, and objects. Their technology provides a new level of environmental awareness, allowing machinery to perceive and react to human presence and other specific factors.

Year Founded2023
Founders
Funding Amount$5.6M
Startup SizeFounding Team (1-10)
Last Funding StatusSeed
Top InvestorsVoima Ventures, Business Finland, LIFTT
IXI Logo

IXI has developed adaptive eyewear that automatically adjusts to provide clear vision at any distance. Their technology offers a modern alternative to traditional bifocals and progressive lenses, creating a seamless visual experience for the wearer.

Year Founded2021
FoundersKlaus Melakari, Niko Eiden, Rebecca Xu, Ville Miettinen
Funding Amount$40.9M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries A
Top InvestorsTesi, Heartcore Capital, Plural Platform, byFounders, Firstminute Capital

Gasum provides the Nordic energy sector with gas and related market services, focusing on cleaner solutions for industry and transport. The company specializes in supplying liquefied natural gas and biogas for the maritime and heavy-duty transport sectors.

Year Founded1994
Founders
Funding Amount$175M
Startup SizeLarge Team (251-1,000)
Last Funding StatusDebt Financing
Top Investors

Enfuce has built a cloud-based platform that enables businesses to issue their own physical and virtual payment cards. Their services manage the underlying payment processing and compliance, helping companies launch financial products more quickly.

Year Founded2016
FoundersDenise Johansson, Monika Liikamaa, Niklas Apellund, Tom Gråhn, William Ekström
Funding Amount€70.5M
Startup SizeMid-Size Team (51-250)
Last Funding StatusVenture Round
Top InvestorsVitruvian Partners, Tencent, Nordea, Visa, Maki.vc

Kuva Space operates a constellation of hyperspectral satellites to capture daily, global data for its AI-powered analytics service. Their platform delivers actionable insights that help organizations monitor environmental changes, improve food security, and support safety applications.

Year Founded2016
FoundersJanne Kuhno, Tuomas Tikka
Funding Amount€23.3M
Startup SizeLean Team (11-50)
Last Funding StatusSeries A
Top InvestorsVoima Ventures, VTT Technical Research Centre of Finland, European Space Agency, Nordic Foodtech VC, Business Finland

Enifer produces a sustainable mycoprotein by upcycling byproducts from the agrifood industry through a unique fermentation process. This protein ingredient is then used to create more nutritious and environmentally friendly food and animal feed.

Year Founded2020
FoundersAnssi Rantasalo, Heikki Keskitalo, Joosu Kuivanen, Simo Ellilä, Ville Pihlajaniemi
Funding Amount€48M
Startup SizeLean Team (11-50)
Last Funding StatusSeries B
Top InvestorsVoima Ventures, Tesi, Nordic Foodtech VC, Aqua Spark, Valio

Hoxhunt builds a cybersecurity platform designed to manage human risk and train employees to defend against attacks. Their system uses AI to deliver personalized micro-training, helping people recognize and report threats like phishing emails.

Year Founded2016
FoundersMika Aalto, Pyry Åvist
Funding Amount$43.3M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries B
Top InvestorsDawn Capital, Icebreaker.vc, Level Equity Management, First Fellow Partners

46 Additional Espoo Startups Worth Following

Those top 10 companies are just the beginning of the story in Espoo. Many more founders are building companies in fields like biotech and manufacturing, and together they have raised hundreds of millions in funding.

Some are just getting started, while others are already growing quickly. Here’s a look at the other startups that are shaping Espoo's future.

StartupIndustryYear FoundedAmount RaisedLast Funding Round
SemiQon logo SemiQonHardware2022€19.4MVenture Round
Epassi Group logo Epassi GroupFintech2007€41.5MPrivate Equity
QMill logo QMillInfrastructure2024€5MSeed
Paptic logo PapticManufacturing2015$58.3MVenture Round
NPHarvest logo NPHarvestBiotech2023€2.2MGrant
Infinited Fiber Company logo Infinited Fiber CompanyBiotech2016€84.6MSeries B
ROI logo ROIMedia2018€915kAngel
Origin by Ocean logo Origin by OceanBiotech2019€9.5MDebt Financing
Dispelix logo DispelixMedia2015€52.1MSeries B
Skarta Energy logo Skarta EnergyHardware2021€50MDebt Financing
Zevoy logo ZevoyFintech2020€18.8MSeries A
Quantrol Ox logo Quantrol OxAI2021$8MSeed
MeetingPackage logo MeetingPackageTravel2014$8.6MSeries A
Sensible 4 logo Sensible 4AI2017$17.1MSeries A
GoByBike logo GoByBikeEnterprise2020€126MDebt Financing
Rightware logo RightwareMobility2009$77.5MCorporate Round
Surgify logo SurgifyEnterprise2017€11.8MSeries A
Arctic Instruments logo Arctic InstrumentsManufacturing2024€2.4MSeed
Desentum logo DesentumBiotech2011€27.8MVenture Round
Foodello - Fiksuruoka.fi logo Foodello - Fiksuruoka.fiAnalytics2016€22.9MVenture Round
Confidentialmind logo ConfidentialmindAI2023€1.6MDebt Financing
Infrakit logo InfrakitEnterprise2010$16MConvertible Note
ElFys logo ElFysHardware2017$6.7MSeed
Skenariolabs logo SkenariolabsManufacturing2015$3.4MSeries A
Quuppa logo QuuppaEnterprise2012€20MSeed
Enable Banking logo Enable BankingFintech2019€600kSeed
Caidio logo CaidioAnalytics2018$2MSeed
Koite Health logo Koite HealthHealthcare2018€8.4MVenture Round
Xiphera logo XipheraSecurity2017€480kPre-Seed
Woodly Oy logo Woodly OyManufacturing2011€4.5MVenture Round
CollectiveCrunch logo CollectiveCrunchAnalytics2016€5.1MVenture Round
Mobidiag logo MobidiagBiotech2000$74.1MDebt Financing
Gubbe logo GubbeHealthcare2018€6MSeed
Golf GameBook logo Golf GameBookMedia2010€2.5MUndisclosed
Tespack logo TespackAI2015$1.1M
Elo logo EloOther2014
Medixine logo MedixineHealthcare2000€11.1MVenture Round
Picosun logo PicosunManufacturing2003€17.4MVenture Round
ZirooPay logo ZirooPayFintech2014$12.1MSeries A
Zervant logo ZervantFintech2010€13.5MSeries B
CH-Bioforce Oy logo CH-Bioforce OyBiotech2016€17.1MGrant
Woamy logo WoamyAgTech2022€1MSeed
Fepod logo FepodHealthcare2022€3.8MDebt Financing
Klu logo KluMedia2022$760.8kGrant
Zapflow logo ZapflowEnterprise2015$1.8MSeed
Teraloop logo TeraloopEnergy2014€2.4MConvertible Note

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