60 Best Startups in Espoo to Watch in 2025

The Definitive Seedtable Ranking of Startups in Espoo

We track 71,000+ companies and rank them dynamically using our Seedtable Score – a score that uses quantitative and qualitative data points to signal the momentum behind a company. We then monitor the list manually leveraging our expertise as founders and investors.

There are 60 start-ups with an aggregate funding of $1.5b. The average funding per company in this subset is $24.3m.

Last update to the database: Feb 18, 2025. See changelog.

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4

Funding Rounds

$270.0m

Money raised

ICEYE provides commercial access to Earth observation data. The ICEYE SAR Satellite Constellation captures images of any location on Earth every three hours, day and night, regardless of cloud cover.

Location:

Key people:

6

Funding Rounds

$211.9m

Money raised

IQM is a company utilizing superconducting technology to build scalable quantum computing hardware.

Location:

Key people:

6

Funding Rounds

$105.7m

Money raised

Dispelix is a company that designs and manufactures diffractive waveguide displays for augmented reality (AR) purposes.

Location:

Key people:

5

Funding Rounds

$3.7m

Money raised

CollectiveCrunch uses artificial intelligence in the forest industry that collects data for precise models.

Location:

Key people:

3

Funding Rounds

$4.5m

Money raised

Sharper Shape is a computer software company that provides holistic solutions for asset and vegetation management.

7

Funding Rounds

$89.0m

Money raised

HoxHunt is an automated cyber training program that transforms the way your employees react and respond to the growing amount of phishing emails.

Location:

Key people:

2

Funding Rounds

$14.6m

Money raised

Platform aiming to revolutionize the financial, environmental, and social impact of waste.

3

Funding Rounds

$76.2m

Money raised

Infinited Fiber technology brings enormous social, environmental and economical impact to the textile value chain and everybody's wardrobe.

Location:

2

Funding Rounds

$22.4m

Money raised

Mobile card reader enabling small businesses to accept card payments anywhere.

1

Funding Rounds

$1.5m

Money raised

Caidio is a company that maximizes the quality and productivity of global concrete construction.

Location:

Key people:

1

Funding Rounds

$1.1m

Money raised

VTT Technical Research Centre of Finland Ltd is a leading research and technology company in the Nordic countries.

1

Funding Rounds

$7.7m

Money raised

M-Files is a Espoo-based company founded in 1989.

7

Funding Rounds

$74.7m

Money raised

Mobidiag UK Ltd is an Espoo-based molecular diagnostic company developing solutions for the detection of infectious diseases.

2

Funding Rounds

$3.5m

Money raised

Hyperion Robotics is a company providing 3D-printing reinforced concrete services.

1

Funding Rounds

$1.2m

Money raised

Port 6 is a company that provides compact biometrics to translate human movement into digital touch.

3

Funding Rounds

$40.9m

Money raised

Kuva Space is a smarter data for a stronger planet founded in 2016.

1

Funding Rounds

$1.4m

Money raised

Wellmo is an employee perks and financial services company founded in 2012 by Varun Vummidi.

1

Funding Rounds

$25.0m

Money raised

Paptic is a manufacturing company producing eco-friendly packaging materials founded in 2015.

Location:

2

Funding Rounds

$56.4m

Money raised

Enfuce Financial Services is an API-first card issuing and payment processing platform founded in 2016.

1

Funding Rounds

$2.9m

Money raised

Teraloop is a company in Espoo, Southern Finland.

Location:

Key people:

1

Funding Rounds

$3.3m

Money raised

Funzi offers free and affordable professional and life skills

1

Funding Rounds

QuantrolOx is building automated machine learning-based control software for quantum technologies to tune, stabilize, and optimize qubits.

1

Funding Rounds

$1.9m

Money raised

Nordic Umami Company builds a sustainable food system by developing circular food technology that can naturally create delicious plant-based umami foods. Founded by Reetta Kivelä, Outi Mäkinen and Tytti-Lotta Ojala, the food innovation hub is accelerating plant-based eating and zero waste idea.

Industries:

Location:

3

Funding Rounds

$36.9m

Money raised

Zevoy is an expense management solution founded in 2020.

Industries:

Location:

1

Funding Rounds

$2.1m

Money raised

Connected Finland is an IoT-operator in Finland founded in 2015 by Markku Patronen.

Location:

Key people:

2

Funding Rounds

$45.2m

Money raised

ePassi is a company founded in 2007.

1

Funding Rounds

$590.0k

Money raised

Platform providing direct access to banks' payments and account information APIs.

2

Funding Rounds

$4.2m

Money raised

Gubbe is a Espoo-based company.

Location:

1

Funding Rounds

$1.8m

Money raised

Saidot is an AI governance platform founded in 2018.

4

Funding Rounds

$68.2m

Money raised

eniferBio is an upcycled mycoprotein powder producer founded in 2019.

Location:

2

Funding Rounds

$47.6m

Money raised

Platform providing intelligent real-time locating services and applications.

4

Funding Rounds

$37.2m

Money raised

Platform for law firms to automate their documents, reduce overheads, sell scalable services in client centric way.

1

Funding Rounds

$2.0m

Money raised

Surrogate.tv is a no-code robotics platform located in Finland.

Industries:

Location:

1

Funding Rounds

$6.9m

Money raised

Manufacturer of atomic layer deposition reactors for micro and nanotechnology applications.

Location:

2

Funding Rounds

$59.0m

Money raised

Iceye is a microsatellite manufacturer and operator founded in 2015.

2

Funding Rounds

$2.8m

Money raised

Location:

2

Funding Rounds

$4.1m

Money raised

Creating modern consumer experiences by remodelling the recreational rental industry.

1

Funding Rounds

$4.5m

Money raised

QMill is an industrial quantum-computing solutions provider founded in 2024 by Mikko Möttönen, Toni Annala and Ville Kotovirta.

Location:

Key people:

2

Funding Rounds

$18.4m

Money raised

Infrakit is a digital platform to increase infrastructure construction productivity founded in 2010.

1

Funding Rounds

$9.1m

Money raised

Desentum is an antibodies for long term allergy protection founded in 2011.

4

Funding Rounds

$8.1m

Money raised

Meeting and event venues booking platform.

1

Funding Rounds

$1.7m

Money raised

Indoor air quality and indoor climate monitoring, analysis and optimisation solution provider

1

Funding Rounds

$160.0k

Money raised

AgriTech startup specializing in innovative farming solutions for cold climates.

1

Funding Rounds

$1.4m

Money raised

Gosta Labs is a developer of AI assistant for healthcare industry founded by Lauri Sippola.

Location:

Key people:

1

Funding Rounds

$2.2m

Money raised

Origin by Ocean is an algae-based alternative to chemicals founded in 2019.

1

Funding Rounds

$4.4m

Money raised

Platform that modernizes eyeglass optics with an adaptive solution for perfect vision.

Industries:

Location:

2

Funding Rounds

$6.5m

Money raised

ElFys is a photodiodes that are sensitive to ultraviolet light founded in 2017.

Location:

1

Funding Rounds

$1.6m

Money raised

Generative AI platform for on-premises and private cloud environments.

1

Funding Rounds

$1.4m

Money raised

Developer of a hardware solution for collection and recycling of nutrients from wastewater.

Location:

2

Funding Rounds

$2.5m

Money raised

New Nordic School is an educational platform transforming current systems of learning founded in 2018.

Location:

1

Funding Rounds

$250.0k

Money raised

Inclus is a collaborative risk management software founded in 2012.

1

Funding Rounds

$2.4m

Money raised

Platform targeting the brain to remodel neural pathways for chronic pain relief.

Industries:

Location:

1

Funding Rounds

$1.7m

Money raised

Technology that safeguards vital structures during surgery to prevent bleeding, infections, and nerve injuries.

Industries:

Location:

1

Funding Rounds

$110.0k

Money raised

GIM Robotics is an intelligent robots maker founded in 2014.

Industries:

Location:

1

Funding Rounds

$4.4m

Money raised

Koite Health is an oral antibacterial treatment for home use founded in 2018.

Industries:

Location:

1

Funding Rounds

$570.0k

Money raised

Audio treatments developer for nervous system regulation.

1

Funding Rounds

Gobybike is a company founded in 2020 by Heikki Tiittanen.

Location:

Key people:

1

Funding Rounds

$3.3m

Money raised

App enabling unique golf experiences on and off the course.

Industries:

Location:

1

Funding Rounds

$9.1m

Money raised

Desentum is a Espoo-based company.

Location:

1

Funding Rounds

$36.0m

Money raised

Infinited is a Espoo-based company.

Location:

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