Five From Finland
2018’s biggest investment rounds
This quintet has made headlines this year for closing significant funding rounds.
2018 has been a big year for attracting big bucks, with these five innovative companies at the top of the financial heap.
Earlier this month, the development of an ambitious undersea rail link between Helsinki and Tallinn was boosted by a 100 million-euro investment.
Back in May, the exclusive licensee for Nokia’s phones and tablets raised an additional 100 million US dollars to scale up operations and fuel growth.
“It is our ambition to deliver great smartphones that delight our fans while staying true to our Finnish roots and the hallmarks that the Nokia brand has always been known for,” said Florian Seiche, CEO of HMD Global. “We aim to be among the top smartphone players globally and our success to date gives us the confidence to further continue on a growth path in 2018 and beyond.”
This Small Giant got a whole lot bigger in February, after EQT Ventures, Creandum, Spintop Ventures and Profounders pitched in due to the strength of its runaway hit, Empires & Puzzles
“The [studio’s] strong, data-driven entrepreneurial team had a clear vision of what it wanted to achieve, and it’s delivering on that,” said Lars Jörnow, partner at EQT Ventures. “Small Giant Games has achieved great traction and is determined to become a global winner.”
By May, a total of 53 million US dollars had been raised by this Finnish microsatellite manufacturer, as it sought to reach its goal of nine satellite launches by the end of 2019.
The world’s first human-eye resolution VR/XR product received a considerable financial boost in October.
“It’s because of Varjo’s world-class team that industries such as automotive, engineering, aerospace, architecture, construction, industrial design and real-world training simulations won’t have to wait that long to be able to utilise the technology for their business-critical use cases,” stated funding partner Atomico’s Niklas Zennström.”