Countries. Finland

Finland’s Angel CoFund invests in Hytrade and Coiniverse

In December 2023, Innovestor, in collaboration with Business Finland Venture Capital, launched the €30 million Angel CoFund to support Finnish startups. Now, the fund announces its first rounds in Hytrade and Coiniverse. The total investment from both rounds amounted to €480,000 with €210,000

Finnish e-commerce Daze raises a pre-seed round

Daze, a Helsinki-based e-commerce startup dedicated to post-purchase experiences, has raised an undisclosed pre-seed funding from Antler and Wave Ventures. The funding injection will support its team expansion and accelerate the product development efforts. Our product addresses the pain points of traditional return

Finland’s HappySignals raises €12M to transform IT decision-making

HappySignals, a Helsinki-based human-centric IT experience management company, has raised a €12 million round led by Mandatum Asset Management. The investment will fuel its development and global expansion. IT organization’s primary role is enhancing efficiency and satisfaction across the entire

Finnish NPHarvest raises €2.2M for its wastewater recycling technology

NPHarvest, an Espoo-based spin-off company from Aalto University, has raised €1.3 million in funding led by Nordic Foodtech VC and a €900,000 grant from the Finnish Ministry of the Environment and their RAKI program. The funding will be used to build their first commercially

Kvanted co-leads a €6.5M round for Cozero, a German climate tech

Berlin-based startup Cozero has secured €6.5 million in Series A funding led by Kvanted and ENV, with contributions from NewAlpha Asset Management and several business angels. This funding will propel Cozero’s international expansion and the development of its Climate ERP

Startup funding in Finland showed record amounts in 2023 – FVCA study

Finnish startups raised a total of €871 million in growth funding in 2023. This marked a decrease of about half compared to the preceding year’s record-breaking €1.7 billion. However, despite the challenging market conditions, Finnish venture capital funds managed to

Finland’s Alvar Pet acquires Verkkokauppa Kivuton, an online pet health store

Helsinki-based pet food brand Alvar Pet has acquired Verkkokauppa Kivuton, an online store focusing on pet health, while partnering with Juuri Partners, a Finnish growth investor. The acquisition allows Alvar Pet to combine its expertise in pet nutrition with Kivuton’s focus on

Finnish automotive AR company Basemark raises a €22M investment

Basemark, a Helsinki-based provider of automotive AR software for cars, has raised €22 million in Series B funding. The round was led by ETF Partners with participation from Tesi, Constructor Capital, Business Finland, the European Innovation Council and private investors. About Basemark Investment details

Swedish startup Ironic Biotech raises €1M led by Finland’s Nordic Foodtech VC

Swedish biotech startup Ironic Biotech has closed a pre-seed funding round of €1M, led by Nordic Foodtech VC. The company will use the funds to develop new ways to help 2 billion people suffering from iron deficiency and anemia. New ingredients