Finland’s startup scene keeps powering on. In 2017, Finnish startups and growth companies raised a record €349 million euros in venture capital, up from last year’s €318 million.
There was a particularly high share of bigger rounds, with 8 companies landing more than €10 million in funding.
Reidar Wasenius, who heads FiBAN, a body representing Finnish business angels, says the success is owed to Finland's "world-class gaming industry", its deep-tech capabilities and initiatives such as tech event Slush or startup hub Maria01.
Image: Bo Malmberg, COO and Chairman at Altum Technologies, celebrating the company’s win at Slush, December 2017. - Slush / Flickr / Samuli Pentti
