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FUNDRAISING GUIDE

Fundraising in Finland

Deep tech, gaming, and a strong public funding ecosystem

Finland has one of the most founder-friendly startup ecosystems in Europe. Known for deep tech, gaming, and SaaS, the Finnish ecosystem benefits from strong public funding through Business Finland, a highly educated talent pool, and events like Slush that attract global investors. Helsinki is the primary hub, with a growing scene in Tampere and Oulu.

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Ecosystem highlights

Business Finland grants

Government agency offering substantial non-dilutive grants for R&D and internationalization. Pre-seed startups can receive up to €250k in grants.

Slush conference

One of the largest startup events in the world, held annually in Helsinki. Attracts thousands of investors and is a key networking opportunity.

Strong gaming and SaaS heritage

Home to Supercell, Rovio, and numerous successful SaaS companies. Investors here understand B2B software and gaming models deeply.

Active angel community

FiBAN (Finnish Business Angels Network) is one of the most active angel networks in Europe with 600+ members.

Fundraising tips

  • Apply for Business Finland grants before your equity round. Non-dilutive funding strengthens your position with investors.
  • Finnish investors value data and metrics. Come prepared with clear KPIs and unit economics, even at pre-seed.
  • Build relationships at Slush, Arctic15, and local meetups. The Finnish ecosystem is tight-knit.
  • Consider raising from Nordic funds. Swedish, Danish, and Norwegian VCs frequently invest in Finnish startups.
  • English is widely spoken, but learning basic Finnish shows commitment to local investors.

Average round sizes in Finland

Pre-seed€100k – €500k
Seed€500k – €2M
Series A€2M – €10M
Series B€10M – €30M

Cultural notes for fundraising

  • 1Finns value directness and substance over hype. Keep your pitch factual and data-driven.
  • 2Meetings start on time. Be punctual and well-prepared.
  • 3The ecosystem is small. Your reputation travels fast, so be transparent and honest.
  • 4Follow-up is expected. Finnish investors may not reach out first, but they appreciate proactive updates.

Key programs and resources

  • Business FinlandGovernment grants for R&D, internationalization, and innovation projects.
  • FiBANFinnish Business Angels Network with 600+ active angel investors.
  • Maria 01Nordic startup campus in Helsinki with 170+ startups and investor events.
  • Kiuas AcceleratorPre-seed accelerator based in Helsinki for early-stage founders.

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