\Finnish startups startups and scaleups to watch in 2021

\Finnish startups startups and scaleups to watch in 2021

Home to one of Europe’s preeminent startup conferences, Slush, Finland has a fast-growing startup ecosystem.

So far this year Finnish startups have raised €1bn from VC funds, more than the €1bn in all of 2020.

But which are the most exciting startups and scaleups? Which are the ones to watch in 2021?

Our team of experts at Sifted have chosen a list of exciting companies we think you need to know about, with an added ‘Sifted take’ on some to provide an extra layer of insight.

It’s a mixture of the big and the small, the well known and the under the radar. But all are making waves. Keep reading below and stay informed about Europe’s new economy!

(P.S The data is from European Startups, with valuation estimates from Dealroom. If there is anyone missing from this list, or anything is wrong, please let us know by email at [email protected]).

Key

Year founded

Amount raised

Last funding round

Valuation

Employees

Wolt's logo

Wolt

A technology company that makes it incredibly easy to discover and get great food delivered

Helsinki, Finland

748m

€1.9-2.9bn

1000-5000

Volare's logo

Volare

High-quality ingredients for feed, pet food and cosmetics.

Uusimaa, Finland

0.7m

€3-€4m

1-10

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Yousician's logo

Yousician

Revolutionary platform to learn and play music

Helsinki, Finland

28.7m

€102-€153m

100-500

ultimate.ai's logo

ultimate.ai

A platform giving customer service agents the AI-tools they need to provide faster, smarter responses

Helsinki , Finland

25.8m

€73-€109m

50-100

The Upright Project's logo

The Upright Project

Building incentives for companies to optimize their net impact

Helsinki, Finland

0m

-

10-50

Pixieray 's logo

Pixieray

The Perfect Vision Company

Espoo, Finland

4m

€16-€24m

1-10

Oura Health's logo

Oura Health

An award-winning wellness ring and app, designed to help you get more restful sleep and perform better

Oulu, Finland

140m

€364-€545m

100-500

IQM's logo

IQM

Builds quantum computers

Espoo, Finland

67.5m

€156-€234m

50-100

Glue's logo

Glue

A universal collaboration platform for virtual, face-to-face like collaboration for organizations and teams working around the world

Helsinki, Finland

3.5m

€14-€21m

10-50

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Flowhaven's logo

Flowhaven

Flowhaven - The Most Intuitive Brand Licensing Software

Espoo, Finland

19.3m

€58-€87m

50-100

Fiksu Ruoka Oy's logo

Fiksu Ruoka Oy

Challenges traditional grocery market by selling surplus batches of food with large discounts in web store

Espoo, Finland

21m

€76-144m

10-50

Infinited Fiber Company's logo

Infinited Fiber Company

IFC’s technology enables manufacturing of cotton-like new fiber from mixed post-consumer textile waste. Process can also be fed with other cellulose-based materials like cardboard or agricultural waste.

Espoo, Finland

35.2m

€109-€164m

10-50

Solar Foods Oy's logo

Solar Foods Oy

Uses renewable electricity, water and air to produce natural protein

Helsinki, Finland

35.1m

€75m

10-50

Relex Solutions's logo

Relex Solutions

Supply chain management and predictive analytics software provider

Helsinki, Finland

203.23m

€409m

500-1000

Aiven's logo

Aiven

Aiven - Your Database in the Cloud

Helsinki, Finland

136m

€364-€545m

100-500

Aiforia Technologies 's logo

Aiforia Technologies

Aiforia Tech is developing intelligent, cloud-based deep learning image analysis solutions for digital pathology

Helsinki, Finland

33.6m

€101-€151m

10-50

ICEYE's logo

ICEYE

Develops micro-satellites used to capture images from the space

Espoo, Finland

123m

€296-€444m

100-500

Kodit.io's logo

Kodit.io

An AI-powered residential real estate data platform

Helsinki, Finland

114m

€48-€72m

50-100

AlphaSense's logo

AlphaSense

Semantic financial search engine for investment professionals

New York, United States

78.77m

€182-€273m

100-500

Whim's logo

Whim

A hassle-free and environmentally sound alternative to private car ownership

Helsinki, Finland

54.9m

€118-€177m

50-100

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