Top startups in Finland
There are 17,750 startups in Finland which include Oura, IQM, RELEX, ICEYE, Varjo. Out of these, 4,155 startups are funded, with 290 having secured Series A+ funding, and 7 achieving unicorn status. Telecom Infrastructure Tech ($2.97B) and Wearable Technology ($2.52B) are the top-funded sectors in Finland, with over 83 companies, including Nokia and Oura. Helsinki (1,065), Espoo (268), and Tampere (180) are the top cities by number of startups hosted. In the last five years, 720 companies raised over $9.96B in funding across 931 rounds. ICEYE is the latest startup to join the Unicorn Club from Finland. The number of companies founded have declined by 21.8%, from 220 companies in 2024 to 172 companies in 2025.
Here is the list of top startups in Finland
1. Oura
Developer of a smart ring for sleep, fitness, stress, and health. The ring collects personal health metrics and insights through biometric readings. It focuses on wellness, longevity, activity, fitness, heart health, women's health, and stress management. The device is designed for comfortable, continuous wear to provide data-driven health awareness.
Key facts about Oura
- Founded Year: 2013
- Location: Oulu (Finland)
- Stage: Series E
- Total Funding till date: $1.32B
- Investors: Fidelity Investments, Temasek and 71 Others
- Latest Funding Round: Series E, Jul 17, 2026, $*****
- Tracxn Score: 79/100 What is this?
- Competitors Rank: 1 of 319 Competitors
2. IQM
Developer of superconducting quantum computers. Its features include quantum processors with on-chip components that increase QPU clock speed for error correction, as well as application-specific processors and quantum operations.
Key facts about IQM
- Founded Year: 2018
- Location: Espoo (Finland)
- Stage: Series B
- Total Funding till date: $600M
- Investors: MIG Capital, Ten Eleven Ventures and 26 Others
- Latest Funding Round: Conventional Debt, Mar 30, 2026, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 1 of 25 Competitors
3. RELEX
Provider of unified platform for retail and supply chain planning. The platform offers solutions for demand planning, manufacturing planning, and distribution planning. It facilitates collaboration across the supply chain, including inventory and replenishment management. The platform also provides tools for retail operations, space and assortment planning, and pricing and promotions.
Key facts about RELEX
- Founded Year: 2005
- Location: Helsinki (Finland)
- Stage: Series D
- Total Funding till date: $816M
- Investors: Summit Partners, TCV and 4 Others
- Latest Funding Round: Series D, Dec 11, 2024, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 1 of 2,110 Competitors
4. ICEYE
Manufacturer of radar satellite constellations providing persistent earth observation imagery. These systems deliver radar data to detect and monitor physical changes on the surface of the planet. The technology functions through cloud cover and darkness to provide imagery for environmental monitoring, infrastructure assessment, and disaster impact analysis. The hardware enables the collection of radar intelligence for various monitoring requirements.
Key facts about ICEYE
- Founded Year: 2014
- Location: Espoo (Finland)
- Stage: Series F
- Total Funding till date: $1.25B
- Investors: True Ventures, Seraphim and 50 Others
- Latest Funding Round: Series F, Jun 09, 2026, $*****
- Tracxn Score: 72/100 What is this?
- Competitors Rank: 2 of 447 Competitors
5. Varjo
Provider of virtual reality headsets. It enables users to experience virtual and augmented reality content and train, create and learn in superimposed or virtual environments. It caters to simulation, architecture, 3D model designing, medical, and other applications.
