In 2023, Finnish startups experienced a significant reduction in funding, down from the previous year s record highs, reflecting a broader trend of economic slowdown affecting startup investments across Europe and the United States. According to the Finnish Venture Capital Association (FVCA), total growth funding for Finnish startups was approximately €871 million, a sharp decline from the €1.7 billion raised in 2022.
The Finnish startup ecosystem has once again shown impressive growth, as revealed in the "Finnish Startups and Venture Capital 2022" report published by the