Top 100 Finland Startups to Watch in 2026
Finland's startup landscape is defined by highly funded companies in specialized sectors. For example, RELEX Solutions has attracted over $814 million for its supply chain platform.
The country is also a base for leaders in hardware and quantum computing. Oura has raised $598.3 million for its wellness rings, while IQM Quantum Computers is developing next generation systems.
Below is our list of 100 Finland startups worth keeping an eye on.
Failory's Top 10 Picks
Oura designs and develops a smart ring that tracks sleep, activity, and other key health metrics. The wearable provides personalized insights to help users understand their body's readiness and improve their overall well-being.
| Headquarters | Oulu, Oulu, Finland |
| Year Founded | 2013 |
| Founders | Markku Koskela, Petteri Lahtela |
| Funding Amount | $598.3M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Debt Financing |
| Top Investors | Andreessen Horowitz, Temasek Holdings, Citi, Alumni Ventures, Forerunner |
IQM Quantum Computers builds superconducting quantum computers for research institutions and supercomputing centers. Their full-stack systems are designed to help developers and scientists solve some of the world's most complex problems.
| Headquarters | Espoo, Southern Finland, Finland |
| Year Founded | 2018 |
| Founders | Jan Goetz, Juha Vartiainen, Kuan Tan, Mikko Möttönen |
| Funding Amount | $569.1M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series B |
| Top Investors | 55 North, European Investment Bank, Ten Eleven Ventures, Tesi, Vsquared Ventures |
DataCrunch.io builds a high-performance cloud service providing GPU servers for AI and machine learning workloads. Their platform gives teams scalable and affordable access to the computing power needed for training and inference.
| Headquarters | Helsinki, Southern Finland, Finland |
| Year Founded | 2018 |
| Founders | Ruben Bryon |
| Funding Amount | $78.6M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | Tesi, Nordea, byFounders, Danske Bank, Varma Mutual Pension Insurance Company |
MuniFin operates as a specialized credit institution, providing financing for municipalities, wellbeing services counties, and social housing projects in Finland. They are a key financial partner for the Finnish public sector, enabling essential community development and sustainable investments.
| Headquarters | Helsinki, Southern Finland, Finland |
| Year Founded | 1989 |
| Founders | — |
| Funding Amount | $4.7B |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Debt Financing |
| Top Investors | — |
ReOrbit builds software-defined satellites to enable sovereign and secure communications. Their flexible satellite platform is designed to be reconfigured in orbit, allowing for dynamic missions and extended operational lifetimes.
| Headquarters | Helsinki, Southern Finland, Finland |
| Year Founded | 2019 |
| Founders | Mina Rajabi, Sethu Saveda Suvanam |
| Funding Amount | $63.9M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series A |
| Top Investors | 10x Founders, Icebreaker.vc, Inventure, Seraphim Space, Yes VC |
ICEYE builds and operates its own constellation of radar imaging satellites for persistent monitoring of any location on Earth. Their unique SAR technology provides reliable data and analytics to sectors like government and insurance, regardless of cloud cover or time of day.
| Headquarters | Espoo, Southern Finland, Finland |
| Year Founded | 2014 |
| Founders | Pekka Laurila, Rafal Modrzewski |
| Funding Amount | $529.6M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | BlackRock, Draper Associates, Tesi, BAE Systems, Starlight Ventures |
One Click LCA develops automated life cycle assessment software for the construction and manufacturing industries. Their tools enable companies to calculate the environmental footprint of buildings and products, helping them to decarbonize their operations.
| Headquarters | Helsinki, Southern Finland, Finland |
| Year Founded | 2001 |
| Founders | Panu Pasanen |
| Funding Amount | $40M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Private Equity |
| Top Investors | PSG Equity, InfraVia Capital Partners |
RELEX Solutions provides a unified, AI-based platform for optimizing supply chain and retail planning. Their software helps retailers and consumer goods companies forecast demand, automate replenishment, and manage their workforce more efficiently.
| Headquarters | Helsinki, Southern Finland, Finland |
| Year Founded | 2005 |
| Founders | Johanna Småros, Michael Falck, Mikko Kärkkäinen |
| Funding Amount | $814.6M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Debt Financing |
| Top Investors | TCV, BP, Nordea, Blackstone Group, Summit Partners |
As the exclusive home for Nokia phones, HMD designs and sells a range of mobile devices for a global audience. Their portfolio is recognized for its durable, affordable smartphones and for reviving classic feature phone designs with modern technology.
| Headquarters | Helsinki, Southern Finland, Finland |
| Year Founded | 2016 |
| Founders | Jean-Francois Baril |
| Funding Amount | $330M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series A |
| Top Investors | Google, Nokia, Qualcomm, Ginko Ventures, FIH Mobile |
Varjo develops high-end virtual and mixed reality hardware and software for professional and industrial use. Their headsets are distinguished by human-eye resolution, offering photorealistic immersion for complex applications like pilot training and automotive design.
| Headquarters | Helsinki, Southern Finland, Finland |
| Year Founded | 2016 |
| Founders | Klaus Melakari, Niko Eiden, Roope Rainisto, Urho Konttori |
| Funding Amount | $171.7M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Debt Financing |
| Top Investors | European Investment Bank, NVIDIA, Tesi, EQT Ventures, Lifeline Ventures |
90 Additional Finland Startups Worth Following
Our top picks offer just a glimpse into the country's busy startup community. New companies are popping up in many areas, with a special focus on fields like AI and biotech.
Together, these companies have raised billions of dollars, and they include everything from brand new ventures to businesses that are scaling fast. Here is a look at the other startups that are shaping Finland's startup scene.
| Startup | Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
 Metsä Group | AgTech | 1934 | $207.4M | Debt Financing |
 SATO | Retail | 1940 | $550M | Debt Financing |
 Agate Sensors | Manufacturing | 2023 | $5.6M | Seed |
 Ahlstrom-Munksjö | Manufacturing | 1851 | $60M | Debt Financing |
 ONEiO | Enterprise | 2011 | $17.4M | Venture Round |
 Wolt | Media | 2014 | $822.5M | Series E |
 IXI | Fashion | 2021 | $40.9M | Series A |
 Puro.earth | Enterprise | 2018 | $11M | Series B |
 Inven | AI | 2022 | $12.7M | Series A |
 SkySQL | Infrastructure | 2023 | $6.6M | Seed |
 Gasum | Energy | 1994 | $175M | Debt Financing |
 Onego Bio | Biotech | 2022 | $71.1M | Venture Round |
 Carbo Culture | Environment | 2016 | $27.5M | Series A |
 Renow | SaaS | 2022 | $1.8M | Seed |
 Zenniz | SaaS | — | $2M | Venture Round |
 Neural DSP | Hardware | 2017 | $5.9M | Series A |
 Metacore Games | Gaming | 2020 | $175M | Debt Financing |
 Cardiolyse | Analytics | 2015 | $1.4M | — |
 Supermetrics | Analytics | 2013 | €43.5M | Series B |
 Mainframe Industries | Gaming | 2019 | €26.9M | Series B |
 Swappie | Hardware | 2016 | $187.9M | Secondary Market |
 Enfuce | Fintech | 2016 | €70.5M | Venture Round |
 Perfat Technologies | Media | 2023 | €3.5M | Series A |
 Kuva Space | Analytics | 2016 | €23.3M | Series A |
 Solar Foods | Biotech | 2017 | $76.7M | Grant |
 Quicksave Interactive | Media | 2017 | $1.7M | Venture Round |
 Aiforia | AI | 2013 | €21.2M | Series B |
 Enifer | Biotech | 2020 | €48M | Series B |
 Hoxhunt | Hardware | 2016 | $43.3M | Series B |
 Swarmia | Enterprise | 2019 | €16.7M | Series A |
 Aibidia | Analytics | 2018 | $47.3M | Series B |
 Elmery | Manufacturing | 2022 | €4.8M | Grant |
 SemiQon | Hardware | 2022 | €19.4M | Venture Round |
 TILT Biotherapeutics | Media | 2013 | $71.1M | Series B |
 Tesseract | Fintech | 2017 | $25.4M | Series A |
 Smartly.io | Marketing | 2013 | $22.8M | Venture Round |
 Klevu | Retail | 2013 | $17.9M | Series A |
 Epassi Group | Fintech | 2007 | €41.5M | Private Equity |
 Bob W | Travel | 2018 | €71M | Series B |
 Yousician | Media | 2010 | $32.8M | Series B |
 Silo.AI | AI | 2017 | €10M | Private Equity |
 UpCloud | Cloud | 2011 | €22M | Series B |
 QMill | Infrastructure | 2024 | €5M | Seed |
 Sievo | Analytics | 2003 | $44M | Private Equity |
 Paptic | Manufacturing | 2015 | $58.3M | Venture Round |
 Zero | SaaS | 2024 | $2.7M | Pre-Seed |
 Supercell | Gaming | 2010 | $143M | Series B |
 Happeo | Cloud | 2017 | $46M | Series B |
 IPRally | AI | 2018 | €12.4M | Series A |
 Olakino | AI | 2022 | €529.7k | Convertible Note |
 NPHarvest | Biotech | 2023 | €2.2M | Grant |
 Infinited Fiber Company | Biotech | 2016 | €84.6M | Series B |
 ROI | Media | 2018 | €915k | Angel |
 AlbiCoins | Enterprise | 2023 | $100k | Private Equity |
 Noice | Gaming | 2020 | $26M | Series A |
 Steady Energy | Energy | 2023 | €44M | Series B |
 MVision AI | AI | 2017 | $8.2M | Seed |
 Origin by Ocean | Biotech | 2019 | €9.5M | Debt Financing |
 AppFollow | Analytics | 2015 | $7.3M | Series A |
 Ellie.ai | AI | 2019 | €2.5M | Seed |
 Infine | Analytics | 2018 | €1.3M | Debt Financing |
 HappySignals | Analytics | 2014 | €17.7M | Venture Round |
 PromoRepublic | Marketing | 2014 | $4.1M | — |
 Valo Therapeutics | Biotech | 2016 | $32.2M | Venture Round |
 eBrands | Enterprise | 2020 | €28.3M | Venture Round |
 P2X Solutions | Energy | 2020 | €15M | Corporate Round |
 Teamspective | SaaS | 2020 | €900k | Seed |
 FinanceKey | Fintech | 2021 | €3M | Seed |
 Next Games | Gaming | 2013 | $20.8M | Grant |
 Saidot | AI | 2018 | €1.8M | Seed |
 Dispelix | Media | 2015 | €52.1M | Series B |
 Bought | Fashion | 2024 | $1.5M | Pre-Seed |
 HypeHype | Infrastructure | 2012 | $15.5M | Series A |
 CurifyLabs | Manufacturing | 2021 | $12.2M | Seed |
 Basemark | Media | 2015 | €32.5M | Series B |
 ESL Shipping | Logistics | 1949 | €110M | Debt Financing |
 Synergi | SaaS | 2022 | €2.8M | Seed |
 Skarta Energy | Hardware | 2021 | €50M | Debt Financing |
 BIT ODD | Gaming | 2019 | €22M | Seed |
 Zevoy | Fintech | 2020 | €18.8M | Series A |
 Quantrol Ox | AI | 2021 | $8M | Seed |
 MeetingPackage | Travel | 2014 | $8.6M | Series A |
 Sensible 4 | AI | 2017 | $17.1M | Series A |
 GoByBike | Enterprise | 2020 | €126M | Debt Financing |
 Rightware | Mobility | 2009 | $77.5M | Corporate Round |
 Surgify | Enterprise | 2017 | €11.8M | Series A |
 Arctic Instruments | Manufacturing | 2024 | €2.4M | Seed |
 Desentum | Biotech | 2011 | €27.8M | Venture Round |
 Zyfra | AI | 2017 | RUB990M | Venture Round |
 Valohai | Analytics | 2016 | $1.8M | Seed |
