Countries. Finland

Finnish photodiode startup ElFys raises €3M

The Espoo-based photodiode startup ElFys has raised €3M in funding, which complements a round of the same size from last summer. The lead investor is Samsung Venture Investment Corporation (SVIC), supported by Voima Ventures, Photonics Finland informs. Founded in 2017

Finnish VR company Varjo raises €41M in Series D funding

The Helsinki-based VR-tech company Varjo has raised €41 million in a Series D round of funding. Return investors EQT Ventures, Atomico, Volvo, Lifeline Ventures, and Tesi backed the startup along with two new strategic investors Mirabaud and Foxconn. Founded in

Finnish fund Voima Ventures invests in Cellfion, a cleantech from Sweden

The Helsinki-based fund Voima Ventures has made its first investment in Sweden. The fund backed the Swedish startup Cellfion in a €1.3 million seed round. Voima aims at helping founders accelerate the growth of deep technology to global markets, ArcticStartup

Finnish Savage Game Studios is acquired by Sony Interactive Entertainment

The Helsinki-based Savage Game Studios is acquired by Sony Interactive Entertainment. With the acquisition, the game studio becomes a new member of PlayStation Studios Mobile Division, ArcticStartup reports. The financial details of the deal are not disclosed. The veteran game developers Michail

Finnish circular economy startup Innomost secures €1M

Innomost, the Helsinki-based circular economy pioneer, has secured a €1 million in a bridge funding to take its global growth plan to the next level. The company ethnically produces raw ingredients for cosmetics and pharmaceutics. Founded in 2016 by Sami

Finnish Tracegrow gets new funding from Nordic Foodtech VC

The Finnish cleantech startup Tracegrow has secured a new funding round from Nordic Foodtech VC to fuel the expansion of its operations. The companies do not disclose the amount of funding, but it brought the total sum to €2.5 million,

Finnish foodtech startup Ruokaboksi secures €3.5M

Ruokaboksi has secured €3.5 million in growth funding from Tesi, Nordic FoodTech VC, and private investors. The startup is doing weekly food and recipe delivery, helping support healthier diets in any household. Founded in 2017 by Jesse Fryckman and Juhana Rintala,

Finnish Voland Partners opens €80M fund for local tech companies

Voland Partners, the first Finnish growth investor for technology companies, announced the launch of its first fund — the Voland Technology Growth Fund I with a target size of €80 million. Voland Partners is a Finnish private equity firm focusing on

Finnish cleantech startup Ori Solution raises €250k

Ori Solution, a Lahti-based cleantech company developing a renewable energy technology, has raised €250,000 in a pre-seed round. The latest capital injection will feed the development of its technology, ArcticStartup reports. Founded in 2019 by Finnish entrepreneurs, Ori Solution develops