Venture Capital in Finland 2025 (Finnish Venture Capital Association (Paaomasijoittajat))
Summary
- Finnish VC funds raised a total of €678 million (+115%) in new funds for future investments.p.7
- Finnish VC and growth investors invested a total of €485 million (+21%) in startups.p.7
- Public-sector investors contributed €131 million (+306%) to Finnish VC and growth investments.p.7
- Finnish startups raised a total of €765 million (+60%) in VC and growth funding.p.7
- Foreign VC and growth investors provided €494 million (+97%) of the funding raised by Finnish startups.p.7
- Including other investor types such as pension funds and corporates, Finnish startups raised €1.9 billion.p.7
Key insights
- Lifeline Ventures raised €425 million for its sixth VC fund, driving record fundraising for Finnish VC funds.p.10
- Nearly one-third (32%) of capital raised by Finnish VC funds in 2025 came from pension funds.p.12
- Domestic investors accounted for €511 million of the total fundraising by Finnish VC funds.p.13
- Public sector investors accounted for around one-quarter of total Finnish VC investment volume in 2025 at €131 million.p.18
- Finnish VC investors invested in a record 111 foreign startups in 2025.p.19
- Half (50%) of all Finnish startups receiving VC investment in 2025 operated in the ICT sector.p.28
- Foreign investments accounted for approximately 72% of all capital invested into Finnish startups.p.32
Topics and entities
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