The Finnish startup ecosystem has once again shown impressive growth, as revealed in the "Finnish Startups and Venture Capital 2022" report published by the
The amount of capital raised by Finnish startups reached a new record last year. Of the total amount invested in Finnish startups, almost 60 per cent came from venture capital and growth investors.
Finnish startups have once again raised a record amount of funding. The amount invested increased by almost half a billion from the previous year, totalling €1.8 billion in 2022.
At 2021 Finnish startups broke the previous records and raised a total of 1,2 billion euros of capital. Now, on November 14th 2022, Finnish startups have already exceeded last year s numbers: the total amount of equity capital raised is over 1,3 billion euros.
"This figure includes only publicly announced equity funding in Finnish startups pre-Slush.
Finnish startups have raised a significant amount of funding from venture capital investors during the first half of the year. The €276 million pot is the second-best half-year in history. Of the amount, €159 million came from domestic investors and €117 million from foreign investors. In particular, the number of seed stage investments increased significantly. The beginning of the year saw high levels of fundraising and investment activity of Finnish venture capital funds.
Companies owned by private equity and venture capital investors (PE investors) are clearly growing faster than peer companies, according to a recent impact study of the PE industry carried out by PwC and the Finnish Venture Capital Association (FVCA). The growth was very strong both in terms of turnover and the number of personnel.