A unicorn is a startup marked at USD 1 Billion or more. These are highly innovative and market disruptive startups. Finland has more than 17.8K+ startups. Of these, 7 have become Unicorns, with the latest entrant to the club being ICEYE on Dec 05, 2025. In 2026, Finland has seen no new unicorn startups.
Globally, Finland is number 21 in terms of total Unicorns created, behind Mexico (10 unicorns) at rank 20 and Japan (10 unicorns) at rank 19. Espoo leads the list of cities in Finland with most unicorns at 3. It is followed by Helsinki (3 unicorns) and Oulu (1 unicorn). Among sectors, Enterprise Applications has seen the most unicorns created at 3, followed by High Tech at 3, and Retail at 2
Here is a list of all 7 unicorns created in Finland:
7. ICEYE
ICEYE joined the Unicorn Club on Dec 05, 2025 after raising a $175M Series E funding round led by General Catalyst, valuing it at $2.8B.
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
- Primary Sector: Insurance IT, Data as a Service, Geographic Information Systems and Space Tech
- Time to Unicorn: 11 years 11 months
- Top investors : TCV, General Atlantic
- Annual Revenue: €100M - €500M as on Dec 31, 2024
- Valuation: $*****
- Total Funding till date: $1.25B
- Employee Count: 1,061 as on Jul 31, 2026
- Latest Funding Round: Series F, Jun 09, 2026, $*****
6. IQM
IQM joined the Unicorn Club on Sep 03, 2025 after raising a $320M Series B funding round led by Ten Eleven Ventures, valuing it at $1B.
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
- Primary Sector: Quantum Computing and Digital ICs
- Time to Unicorn: 7 years 8 months
- Top investors : Ten Eleven Ventures, BlackRock
- Annual Revenue: €10M - €50M as on Dec 31, 2025
- Valuation: $*****
- Total Funding till date: $600M
- Employee Count: 399 as on May 31, 2026
- Latest Funding Round: Conventional Debt, Mar 30, 2026, $*****
5. Oura
Oura joined the Unicorn Club on Apr 06, 2022 after raising a Undisclosed Series C funding round, valuing it at $2.55B.
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
- Primary Sector: Wearable Technology, Fitness & Wellness Tech, Disease Self Management and Consumer Electronics E-Commerce
- Time to Unicorn: 9 years 3 months
- Top investors : Goldman Sachs, Fidelity Investments
- Annual Revenue: €100M - €500M as on Sep 30, 2024
- Valuation: $*****
- Total Funding till date: $1.32B
- Employee Count: 1,535 as on Jul 31, 2026
- Latest Funding Round: Series E, Jul 17, 2026, $*****
4. RELEX
RELEX joined the Unicorn Club on Feb 17, 2022 after raising a $568M Series D funding round led by Blackstone.
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
- Primary Sector: In Store Retail Tech and Enterprise Resource Planning
- Time to Unicorn: 17 years 1 month
- Top investors : TCV, Summit Partners
- Annual Revenue: €100M - €500M as on Dec 31, 2023
- Valuation: $*****
- Total Funding till date: $816M
- Employee Count: 2,355 as on Jul 31, 2026
- Latest Funding Round: Series D, Dec 11, 2024, $*****
3. Aiven
Aiven joined the Unicorn Club on Oct 19, 2021 after raising a $60M Series C funding round led by World Innovation Lab, IVP, valuing it at $2B.
Provider of managed open source data technologies and cloud infrastructure. It delivers databases, streaming, search, and analytics tools. The platform offers services such as PostgreSQL, Apache Kafka, OpenSearch, and ClickHouse. It provides tools for developers, including Kubernetes operators and Terraform providers. The company focuses on enabling data management and application development.
Key facts about Aiven
- Founded Year: 2016
- Location: Helsinki (Finland)
- Stage: Series D
- Primary Sector: Database Technology, Open Source, Big Data Infrastructure and PaaS
- Time to Unicorn: 5 years 9 months
- Top investors : Atomico, Salesforce Ventures
- Valuation: $*****
- Total Funding till date: $421M
- Employee Count: 469 as on Jul 31, 2026
- Latest Funding Round: Series D, May 10, 2022, $*****
HMD Global Oy joined the Unicorn Club on May 21, 2018 after raising a $100M Series B funding round led by Ginko Ventures.
Provider of Android smartphones and feature phones. It makes phones that are tough, fun, secure, fast, and affordable. The company offers a range of devices, including reborn classics, first-time smartphones, repairable smartphones, tablets, and smartphones fit for enterprises.
Key facts about HMD Global Oy
- Founded Year: 2016
- Location: Espoo (Finland)
- Stage: Series B
- Primary Sector: Mobiles & Accessories
- Time to Unicorn: 2 years 4 months
- Top investors : Ginko Ventures, Qualcomm
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Total Funding till date: $610M
- Employee Count: 1,446 as on Jul 31, 2026
- Latest Funding Round: Series B, Jul 29, 2022, $*****
1. Supercell
Supercell joined the Unicorn Club on Jun 01, 2016
Mobile game developer focusing on mid-core games. The games developed are Clash of clans, Boom beach, Brawl stars, Hay day, and many more. The games are available on iOS and Android platforms. It monetizes through in-app purchases and ads.
Key facts about Supercell
- Founded Year: 2010
- Location: Helsinki (Finland)
- Stage: Acquired
- Primary Sector: Mobile Gaming
- Time to Unicorn: 6 years 5 months
- Top investors : Atomico, Cornerstone Capital
- Annual Revenue: €1B+ as on Dec 31, 2023
- Last Known Valuation: $*****
- Total Funding till date: $143M
- Employee Count: 2,753 as on Jul 31, 2026
- Latest Funding Round: Series B, Apr 17, 2013, $*****
