\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

Canatu's logo

Canatu

Developer and manufacturer of transparent conductive films and touch sensors

Helsinki, Finland

53.77m

€60-€90m

10-50

Varjo Technologies's logo

Varjo Technologies

Bionic display technology that allows users to see VR in human-eye resolution

Helsinki, Finland

46m

€184-€275m

100-500

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Supermetrics's logo

Supermetrics

Automation tools for web analytics, social media and online marketing

Helsinki, Finland

43.5m

€160-€240m

100-500

Swappie's logo

Swappie

Swappie | Refurbished and affordable iPhones with 12 months warranty

Helsinki, Finland

41.8m

€145-€218m

100-500

EPassi Payments Oy's logo

EPassi Payments Oy

Offers an electronic means of payment for employee benefits

Helsinki, Finland

41.5m

10-50

Enevo's logo

Enevo

Provides smart logistics solutions that saves time, money and the environment by using wireless sensors

Espoo, Finland

37.12m

€44-€65m

10-50

HappyOrNot's logo

HappyOrNot

Guaranteed Customer & Employee Satisfaction Improvement

Tampere, Finland

36.6m

€91-€136m

100-500

Sifted Take

HappyorNot is best known for its consumer satisfaction terminals featuring four smiley-faced buttons. People are invited to press to indicate whether they are ‘very happy, happy, unhappy or very unhappy’ with a given service. Since launching, the company has collected more than 1.3bn individual data-points.

The data retrieved is extremely simple compared, for example, to a customer questionnaire, but it gives companies huge volumes of data about how customers feel about their services at different points in the day.

The colourful smiley faces can now be seen next to exits in shops and supermarkets, airport controls and state hospitals. The UK airport Heathrow, the Swedish supermarket chain Coop, the American doughnut company Krispy Kreme, the UK’s national health service (NHS) and even digital giants such as Netflix and Amazon are among the company’s 4,000 customers, spread across 135 countries.

The company is now investing heavily in the data side of the business. Last year founder Heikki Väänänen told Sifted: “This is not a hardware business at all. We have about 1,000 features on the data collection side of the business so we are more about the data and how to analyse it and use it than anything else."

Swap.com's logo

Swap.com

Marketplace for secondhand items

Helsinki, Finland

30.39m

€73-€109m

50-100

Virta's logo

Virta

Provide leading-edge smart charging services for EV drivers and companies alike with a vision of a clean, carbon-free future with silent EVs driving emission-free down the street

Helsinki, Finland

30m

€120—180m

100-500

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Robocorp's logo

Robocorp

Cloud platform for robotic process automation (RPA) and open source RPA tools

San Francisco, United States

29.6m

€76-€115m

10-50

Ductor's logo

Ductor

Groundbreaking Biotech Innovation Changes The World

Helsinki, Finland

25m

€55m

50-100

Dispelix's logo

Dispelix

Internationally leading company specialized in augmented reality display modules and waveguides

Espoo, Finland

23.7m

€60M

50-100

Jolla's logo

Jolla

Designer and developer of mobile devices and open Sailfish OS

Helsinki, Finland

23.09m

€44-€65m

50-100

Tesseract's logo

Tesseract

Providing digital asset management solutions focused on investing, portfolio management, capital markets, and blockchain technology

Helsinki, Finland

22.7m

€91-€136m

10-50

IndoorAtlas's logo

IndoorAtlas

Locating people or objects inside a building using radio waves, magnetic fields, acoustic signals or other sensory information

Helsinki, Finland

22.21m

€14-€22m

10-50

UpCloud's logo

UpCloud

World's fastest cloud servers

Helsinki, Finland

22.14m

€16-€24m

50-100

Wirepas's logo

Wirepas

Connects devices and applications to the Internet

Tampere, Finland

22.14m

€59-€88m

50-100

Sulapac's logo

Sulapac

Biodegradable wood-based material innovation designed to replace traditional plastic

Helsinki, Finland

€21m

€60-€90m

10-50

Midaxo's logo

Midaxo

Cloud platform to run M&A and other processes

Helsinki, Finland

19.51m

€58-€87m

50-100

Norsepower oy ltd's logo

Norsepower oy ltd

Provider of push button auxiliary wind propulsion

Helsinki, Finland

18.5m

€32-€48m

10-50

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