Helsinki startup ecosystem has showed great resilience during the pandemic. Venture capital flow into Helsinki-based startups keeps growing and the message is clear - there is quality in the ecosystem.
With its small population of just 5.5 million, Finland has shown an impressive ability to turn out tech and startup success stories from Nokia to Rovio to Wolt. The greater Helsinki area is the epicenter of the country’s startup scene. Helsinki’s startup conference Slush is the largest single gathering of venture capital in Europe with 1,500 investors. Helsinki has created 4 unicorns and its startups generate more than 10% of all Finland’s tech jobs. Currently the region is home to an additional 8 startups valued between $250 million and $1 billion that are on track to achieve unicorn status. This successful track record has attracted the interest of investors. Finnish startups receive the most venture capital per capita in Europe. Finland is also home to a large business angel network. Finland offers public funding to startups through Business Finland, Finnvera and other public sector organizations. In 2020 Finnish startups received a record $1 billion in investments. There are several startup hubs offering support for young companies to accelerate their business, such as the “Maria 01 Campus,” which is currently home to 170+ startups and 14 VC funds. An ongoing expansion project will make it one of the largest startup campuses in Europe. Recent companies of note include food delivery platform Wolt, which raised US$535.23 million in January 2021, putting the company's valuation at US$3.19 billion, mobile game studio Metacore, and PropTech company Kodit.io, which has raised a total of US$132.2 million over 6 rounds.
Ecosystem by the numbers
AI, Big Data & Analytics
In 2020 the Finnish Game Industry celebrated its 25th anniversary, an industry employing 3600 people in 200 studios with 2,4 Billion euros of total turnover. It is an international industry on creating global brands, raising several hundreds of millions capital and almost 30% of the employees comes abroad. The unique ecosystem of Finland supports the game development from Government grants to strong education with an active community.
Reasons to move your startup to Greater Helsinki
Access to talent
City of Helsinki
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