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1. TRACXN TOP BUSINESS MODELS REPORT
January 29, 2021
FINLAND TECH

2. Finland Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
FinlandFinland Tech Funding - Overview 3
Top Funded Business Models 4
One pagers 9
Appendix 59
2

3. Finland Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Funding in last 1 year
3
Food Tech $672M
Residential Real Estate Tech $117M
Geographic Information Systems $111M
Wearable Technology $88.1M
Digital ICs $63.3M
MarketingTech $56.0M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Icebreaker
Superhero Capital
Innovestor
4
3
3
Early
Stage
Maki.vc
Lifeline Ventures
Tesi
6
4
4
Late
Stage
EQT Ventures
Goldman Sachs
83North
3
2
2
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Wolt
(2014, Helsinki)
$536M - Series D
Kodit.io
(2017, Helsinki)
$117M - Series B
Wolt
(2014, Helsinki)
$110M - Series D
ICEYE
(2014, Espoo)
$87.0M - Series C
Varjo
(2016, Helsinki)
$54.0M - Series C
Supermetrics
(2013, Helsinki)
$47.2M - Series B
IQM
(2018, Espoo)
$46.3M - Series A
Swappie
(2016, Helsinki)
$40.6M - Series B
Aiven
(2016, Helsinki)
$40.0M - Series B
Oura
(2013, Oulu)
$28.0M - Series B
Quuppa
(2012, Espoo)
$23.7M - Series A
Ultimate
(2014, Tampere)
$20.0M - Series A
Helsinki (77%)
Espoo (15%)
Tampere (4%)
Oulu (3%)
Kajaani (1%)
Others (1%)

4. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Finland Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1<> 0 Online Food Delivery $654M 3 Wolt | $536M | Series D Link
2▲35 Direct Home Buying $117M 1 Kodit.io | $117M | Series B Link
3-- Satellite Imagery Data for GIS $87.0M 1 ICEYE | $87.0M | Series C Link
4--
NewSpace > Space Services > Imaging > Satellite
Based
$87.0M 1 ICEYE | $87.0M | Series C Link
5▲7
Quantum Computing > Quantum Hardware > ASICs
> Superconducting Qubit
$63.3M 2 IQM | $46.3M | Series A Link
6-- Standalone VR Headsets $54.0M 1 Varjo | $54.0M | Series C Link
7-- Eye Tracking > Applications > Virtual Reality $54.0M 1 Varjo | $54.0M | Series C Link
8--
Business Intelligence > Data Discovery and
Visualization > Reporting and Dashboarding > GUI
B..
$47.2M 1 Supermetrics | $47.2M | Series B Link
9-- Customer Data Platforms $47.2M 1 Supermetrics | $47.2M | Series B Link
10▲19 Used Electronics Consignment Platform $40.6M 1 Swappie | $40.6M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Finland Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▲5 DBaaS $40.0M 1 Aiven | $40.0M | Series B Link
12▲5 Big Data Infrastructure > IaaS $40.0M 1 Aiven | $40.0M | Series B Link
13▲36 Mobile Casual Game Developers $39.4M 6 metacore | $17.8M | Series A Link
14-- Sleep Management Devices $28.0M 1 Oura | $28.0M | Series B Link
15-- Sleep Tech Wearables $28.0M 1 Oura | $28.0M | Series B Link
16--
Disease Self Management > Sleep > Monitoring >
Quality Of Sleep > Device > Wearable
$28.0M 1 Oura | $28.0M | Series B Link
17-- Indoor Positioning Systems $23.7M 1 Quuppa | $23.7M | Series A Link
18▲8 Customer Service Software $20.0M 1 Ultimate | $20.0M | Series A Link
19<> 0
Chatbots > Industry Agnostic > Customer Support >
Text Based
$20.0M 1 Ultimate | $20.0M | Series A Link
20--
Air Pollution Management Tech > Carbon
Management > Carbon Capture > Carbon To Food
$17.9M 1 Solar Foods | $17.9M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Finland Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▲12
Legal Tech > Intellectual Property (IP) Management
> License Management
$16.0M 1 Flowhaven | $16.0M | Series A Link
22-- Enterprise Social Network $14.7M 1 Happeo | $14.7M | Series A Link
23-- IT Services > Application Development > Horizontal $14.2M 1 Unikie | $14.2M | Series A Link
24-- Biologics based Drug Discovery $10.6M 1 Rappta Thera.. | $10.6M | Series A Link
25-- FPS Game Developers $10.0M 1 Critical Force | $10.0M | Series B Link
26-- Internet of Things Infrastructure > IoT Stack $9.8M 1 Haltian | $9.8M | Series B Link
27▲16 PC & Console MMO Game Developers $8.1M 1 Mainframe | $8.1M | Series A Link
28--
Electronic Design Automation Tools > Design and
Simulation Tools > Horizontal
$7.9M 1 Basemark | $7.9M | Series A Link
29-- Sensors > Sensor Fusion > Algorithms $7.0M 1 Sensible 4 | $7.0M | Series A Link
30--
Autonomous Vehicles > Self Driving Technology >
Shuttles
$7.0M 1 Sensible 4 | $7.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Finland Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31-- Immunotherapy > Oncolytic Virus $6.3M 2 TILT Biothera.. | $5.1M | Series A Link
32▲26
Mobile App Distribution > Tech for developers >
Operations > Analytics
$5.0M 1 AppFollow | $5.0M | Series A Link
33▲26
MarketingTech > Mobile Marketing > App Marketing
> App Store Optimization
$5.0M 1 AppFollow | $5.0M | Series A Link
34-- Supply Chain Visibility $4.9M 1 Logmore | $4.9M | Series A Link
35-- Risk Management for Banks $4.8M 1 Aibidia | $4.8M | Seed Link
36-- Mobile Core Games Developers $4.7M 2 Critical Force | $10.0M | Series B Link
37-- Multisensor Based Diagnostic Devices $4.2M 1 Neuro Event L.. | $4.2M | Series A Link
38--
Neurology > Medical Devices > Screening Devices >
Electrodiagnostic Testing > Clinic Based > ..
$4.2M 1 Neuro Event L.. | $4.2M | Series A Link
39▲22 Crop Tech > Autonomous Farming > Diversified $4.0M 1 iFarm | $4.0M | Series A Link
40-- Clinical Decision Support Tools for Surgery Planning $3.9M 2 Disior | $2.2M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Finland Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41-- Job Boards $3.9M 1 Fuzu | $3.9M | Series A Link
42▲18
MarketingTech > Influencer Marketing > Influencer
Marketplace
$2.5M 2 Boksi | $1.5M | Series A Link
43-- Patent Analytics & Management $2.5M 1 IPRally | $2.5M | Seed Link
44--
Finance & Accounting Tech > Accounting Solutions >
Record to Report > Invoice Digitization
$2.4M 1 ReceiptHero | $2.4M | Seed Link
45-- Spinal Therapy Devices $2.4M 1 Injeq | $2.4M | Seed Link
46-- Integrated Cloud Platform and Dev Tools $2.2M 1 AppGyver | $2.2M | Series A Link
47-- Low Code Development Platforms $2.2M 1 AppGyver | $2.2M | Series A Link
48-- CoWorking Space Management Software $2.0M 1 Tractr | $2.0M | Seed Link
49--
SME Business Management Software >
Maintenance and Repair Services > Appliance Repair
$2.0M 1 Fixably | $2.0M | Seed Link
50--
Finance & Accounting Tech > Financial Planning &
Analysis > Budgeting & Forecasting
$1.8M 1 Calqulate | $1.8M | Seed Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Online Food Delivery - Finland
01
9
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$654M (▲403%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$860M
1
-
2
1
Food Tech (Solar Foods)
(# Cos: 24 | $888M)
Food Discovery and Ordering (ResQ)
(# Cos: 9 | $865M)
Restaurant Aggregator (Pizza-online)
(# Cos: 2 | $860M)
Platform Delivered (Wolt)
(# Cos: 2 | $860M)
Wolt
(2014, Helsinki, $860M)
Pizza-online
(2005, Helsinki)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Wolt (2014, Helsinki)
$536M - Series D - Jan 2021
Wolt (2014, Helsinki)
$110M - Series D - May 2020
Wolt (2014, Helsinki)
$8.8M - Angel - Oct 2020

10. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Direct Home Buying - Finland
02
10
Back to index
Residential Real Estate Tech (Oikotie)
(# Cos: 5 | $124M)
Online Resellers (Kodit.io)
(# Cos: 1 | $122M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$117M (▲3381%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$122M
1
-
1
1
Kodit.io
(2017, Helsinki, $122M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Kodit.io (2017, Helsinki)
$117M - Series B - Oct 2020

11. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
ICEYE (2014, Espoo)
$87.0M - Series C - Sep 2020
Satellite Imagery Data for GIS - Finland
03
11
Back to index
Geographic Information Systems (Quuppa)
(# Cos: 25 | $199M)
Imaging Solutions (Maptionnaire)
(# Cos: 2 | $152M)
Satellite based (ICEYE)
(# Cos: 1 | $152M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$87.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$152M
1
-
1
1
ICEYE
(2014, Espoo, $152M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

12. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
NewSpace > Space Services > Imaging > Satellite
Based - Finland
04
12
Back to index
NewSpace (Aurora)
(# Cos: 3 | $152M)
Satellite Based (ICEYE)
(# Cos: 1 | $152M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$87.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$152M
1
-
1
1
ICEYE
(2014, Espoo, $152M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ICEYE (2014, Espoo)
$87.0M - Series C - Sep 2020

13. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Quantum Computing > Quantum Hardware >
ASICs > Superconducting Qubit - Finland
05
13
Back to index
Quantum Computing (Quantastica)
(# Cos: 2 | $84.2M)
Superconducting Qubit (IQM)
(# Cos: 1 | $84.2M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$63.3M (▲387%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$84.2M
1
-
1
1
IQM
(2018, Espoo, $84.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
IQM (2018, Espoo)
$46.3M - Series A - Nov 2020
IQM (2018, Espoo)
$17.0M - Series A - Jun 2020

14. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Varjo (2016, Helsinki)
$54.0M - Series C - Aug 2020
Standalone VR Headsets - Finland
06
14
Back to index
Virtual Reality (glue)
(# Cos: 34 | $113M)
Display Devices (Realmax)
(# Cos: 2 | $100M)
Consoles and Standalone (Varjo)
(# Cos: 2 | $100M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$54.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$100M
1
-
2
1
Varjo
(2016, Helsinki, $100M)
Realmax
(2003, Helsinki)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

15. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Eye Tracking > Applications > Virtual
Reality - Finland
07
15
Back to index
Eye Tracking (SeeTrue Technologies)
(# Cos: 2 | $100M)
Virtual Reality (Varjo)
(# Cos: 1 | $100M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$54.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$100M
1
-
1
1
Varjo
(2016, Helsinki, $100M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Varjo (2016, Helsinki)
$54.0M - Series C - Aug 2020

16. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Business Intelligence > Data Discovery and Visualization > Reporting and
Dashboarding > GUI Based Query > Excel Integrated - Finland
08
16
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$47.2M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$51.3M
1
-
1
1
Business Intelligence (Valossa)
(# Cos: 24 | $55.5M)
Data Discovery and Visualization (Futures
Platform)
(# Cos: 17 | $52.8M)
Reporting and Dashboarding (Dear Lucy)
(# Cos: 8 | $52.2M)
GUI Based Query (Screenful)
(# Cos: 8 | $52.2M)
Excel Integrated (Supermetrics)
(# Cos: 1 | $51.3M)
Supermetrics
(2013, Helsinki, $51.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Supermetrics (2013, Helsinki)
$47.2M - Series B - Aug 2020

17. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Supermetrics (2013, Helsinki)
$47.2M - Series B - Aug 2020
Customer Data Platforms - Finland
09
17
Back to index
MarketingTech (AppFollow)
(# Cos: 72 | $83.2M)
Marketing Data Platforms (Enreach)
(# Cos: 2 | $52.2M)
Customer Data Platforms (Supermetrics)
(# Cos: 2 | $52.2M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$47.2M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$52.2M
2
-
2
1
Supermetrics
(2013, Helsinki, $51.3M)
Enreach
(2010, Helsinki, $841K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

18. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Used Electronics Consignment Platform -
Finland
10
18
Back to index
Second Hand Goods (Zadaa)
(# Cos: 6 | $51.7M)
Consignment (Swappie)
(# Cos: 1 | $48.0M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$40.6M (▲625%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$48.0M
1
-
1
1
Swappie
(2016, Helsinki, $48.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Swappie (2016, Helsinki)
$40.6M - Series B - Jun 2020

19. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Aiven (2016, Helsinki)
$40.0M - Series B - Feb 2020
DBaaS - Finland
11
19
Back to index
PaaS (AppGyver)
(# Cos: 8 | $61.8M)
Data PaaS (Arnon Sky)
(# Cos: 2 | $51.0M)
DBaaS (Aiven)
(# Cos: 1 | $51.0M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$40.0M (▲300%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$51.0M
1
-
1
1
Aiven
(2016, Helsinki, $51.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

20. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Big Data Infrastructure > IaaS - Finland
12
20
Back to index
Big Data Infrastructure (Ellie)
(# Cos: 3 | $51.0M)
IaaS (Aiven)
(# Cos: 1 | $51.0M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$40.0M (▲300%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$51.0M
1
-
1
1
Aiven
(2016, Helsinki, $51.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Aiven (2016, Helsinki)
$40.0M - Series B - Feb 2020

21. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Mobile Casual Game Developers -
Finland
13
21
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$39.4M (▲2524%)
6(▲500%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$168M
28
1
94
6
Mobile Gaming (Next Games)
(# Cos: 138 | $441M)
Game Developers (Supercell)
(# Cos: 133 | $421M)
Casual (Small Giant Games)
(# Cos: 100 | $179M)
Multi Genre (Rovio)
(# Cos: 94 | $168M)
Rovio
(2003, Espoo, $42.0M)
Small Giant Games
(2013, Helsinki, $52.0M)
Traplight
(2010, Tampere, $13.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
metacore (2014, Helsinki)
$17.8M - Series A - Sep 2020
Traplight (2010, Tampere)
$9.0M - Series B - Jul 2020
Dazzle Rocks (2014, Helsinki)
$6.8M - Series A - May 2020
Reworks (2018, Helsinki)
$4.3M - Series A - Apr 2020
Lightheart (2019, Helsinki)
$1.4M - Seed - Apr 2020
4Good Games (2018, Helsinki)
Undisclosed - Seed - Jun 2020

22. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Sleep Management Devices - Finland
14
22
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$28.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$54.5M
4
-
6
1
Fitness & Wellness Tech (Polar)
(# Cos: 57 | $65.0M)
Mind & Body Wellness (Nukute)
(# Cos: 13 | $54.5M)
Sleep Management (Beddit)
(# Cos: 8 | $54.5M)
Devices (Oura)
(# Cos: 6 | $54.5M)
Oura
(2013, Oulu, $46.5M)
Beddit
(2007, Espoo, $8.0M)
Nukute
(2015, Oulu)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Oura (2013, Oulu)
$28.0M - Series B - Mar 2020

23. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Oura (2013, Oulu)
$28.0M - Series B - Mar 2020
Sleep Tech Wearables - Finland
15
23
Back to index
Wearable Technology (Varjo)
(# Cos: 42 | $180M)
Health & Wellness Devices (Valkee)
(# Cos: 10 | $59.4M)
Sleep Monitoring (Oura)
(# Cos: 2 | $46.5M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$28.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$46.5M
1
-
2
1
Oura
(2013, Oulu, $46.5M)
Night Train
(2020, Oulu)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

24. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Disease Self Management > Sleep > Monitoring > Quality Of
Sleep > Device > Wearable - Finland
16
24
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$28.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$46.5M
1
-
1
1
Disease Self Management (Mendor)
(# Cos: 44 | $86.7M)
Sleep (Night Train)
(# Cos: 7 | $54.5M)
Monitoring (EMFit)
(# Cos: 6 | $54.5M)
Quality Of Sleep (Nyxo)
(# Cos: 6 | $54.5M)
Device (Beddit)
(# Cos: 3 | $54.5M)
Wearable (Oura)
(# Cos: 1 | $46.5M)
Oura
(2013, Oulu, $46.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Oura (2013, Oulu)
$28.0M - Series B - Mar 2020

25. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Indoor Positioning Systems - Finland
17
25
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$23.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$46.1M
3
-
4
2
Geographic Information Systems (ICEYE)
(# Cos: 25 | $199M)
Positioning & Navigation (Steerpath)
(# Cos: 7 | $46.1M)
Positioning (IndoorAtlas)
(# Cos: 5 | $46.1M)
Indoor (Quuppa)
(# Cos: 4 | $46.1M)
Quuppa
(2012, Espoo, $23.7M)
IndoorAtlas
(2012, Oulu, $22.4M)
ROGER-GPS
(2015, Espoo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Quuppa (2012, Espoo)
$23.7M - Series A - Aug 2020

26. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Customer Service Software - Finland
18
26
Back to index
Customer Service Software (callstats.io)
(# Cos: 21 | $44.7M)
Suite (Ultimate)
(# Cos: 1 | $28.1M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$20.0M (▲208%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$28.1M
1
-
1
1
Ultimate
(2014, Tampere, $28.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ultimate (2014, Tampere)
$20.0M - Series A - Dec 2020

27. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Chatbots > Industry Agnostic > Customer
Support > Text Based - Finland
19
27
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$20.0M (▲128%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$31.2M
3
-
3
2
Chatbots (Speechly)
(# Cos: 14 | $43.1M)
Industry Agnostic (giosg)
(# Cos: 6 | $37.0M)
Customer Support (GetJenny)
(# Cos: 6 | $37.0M)
Text Based (Ultimate)
(# Cos: 3 | $31.2M)
Ultimate
(2014, Tampere, $28.1M)
GetJenny
(2016, Helsinki, $3.1M)
Smartifik
(2012, Oulu)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ultimate (2014, Tampere)
$20.0M - Series A - Dec 2020

28. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Air Pollution Management Tech > Carbon Management >
Carbon Capture > Carbon To Food - Finland
20
28
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$17.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$20.4M
1
-
1
1
Air Pollution Management Tech (720°)
(# Cos: 10 | $54.1M)
Carbon Management (Spark Sustainability)
(# Cos: 4 | $21.0M)
Carbon Capture (Soletair Power)
(# Cos: 2 | $21.0M)
Carbon To Food (Solar Foods)
(# Cos: 1 | $20.4M)
Solar Foods
(2017, Helsinki, $20.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Solar Foods (2017, Helsinki)
$17.9M - Series A - Sep 2020

29. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Flowhaven (2016, Espoo)
$16.0M - Series A - Jan 2021
Legal Tech > Intellectual Property (IP) Management > License
Management - Finland
21
29
Back to index
Legal Tech (IPRally)
(# Cos: 14 | $33.9M)
Intellectual Property (IP) Management
(TrademarkNow)
(# Cos: 5 | $32.4M)
License Management (Flowhaven)
(# Cos: 1 | $21.5M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$16.0M (▲208%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$21.5M
1
-
1
1
Flowhaven
(2016, Espoo, $21.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

30. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Enterprise Social Network - Finland
22
30
Back to index
Enterprise Collaboration (glue)
(# Cos: 48 | $43.3M)
Enterprise Social Network (Happeo)
(# Cos: 6 | $23.2M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$14.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$23.2M
2
-
6
1
Happeo
(2016, Helsinki, $22.7M)
Apped
(2015, Helsinki, $564K)
eeedo
(2010, Tampere)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Happeo (2016, Helsinki)
$14.7M - Series A - May 2020

31. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Unikie (2015, Tampere)
$14.2M - Series A - Nov 2020
IT Services > Application Development >
Horizontal - Finland
23
31
Back to index
IT Services (Fluido)
(# Cos: 280 | $815M)
Application Development (Digia)
(# Cos: 131 | $26.3M)
Horizontal (Futurice)
(# Cos: 81 | $25.1M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$14.2M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$25.1M
16
-
81
0
Futurice
(2000, Helsinki)
Unikie
(2015, Tampere, $14.2M)
Vadion
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

32. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Biologics based Drug Discovery - Finland
24
32
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$10.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.6M
1
-
2
1
Biotech R&D (MediSapiens)
(# Cos: 47 | $47.9M)
Research Applications (Nightingale)
(# Cos: 16 | $26.1M)
Biopharma Research (DelSiTech)
(# Cos: 5 | $14.7M)
Drug Discovery (IC-PCS)
(# Cos: 2 | $10.6M)
Biologics (Rappta Therapeutics)
(# Cos: 2 | $10.6M)
Rappta Therapeutics
(2019, Helsinki, $10.6M)
IC-PCS
(2016, Helsinki)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Rappta Therapeutics (2019, Helsinki)
$10.6M - Series A - Oct 2020

33. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Critical Force (2012, Kajaani)
$10.0M - Series B - Jan 2021
FPS Game Developers - Finland
25
33
Back to index
eSports (ISO eSports)
(# Cos: 3 | $23.3M)
Game Developers (Reforged Studios)
(# Cos: 2 | $23.3M)
FPS (Critical Force)
(# Cos: 1 | $20.8M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$10.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$20.8M
1
-
1
1
Critical Force
(2012, Kajaani, $20.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

34. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Internet of Things Infrastructure > IoT
Stack - Finland
26
34
Back to index
Internet of Things Infrastructure (Wirepas)
(# Cos: 37 | $66.7M)
IoT Stack (Haltian)
(# Cos: 3 | $14.9M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$9.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$14.9M
1
-
3
1
Haltian
(2012, Oulu, $14.9M)
Thingsee
(2014, Oulu)
Saage Oy
(2017, Kirkkonummi)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Haltian (2012, Oulu)
$9.8M - Series B - Apr 2020

35. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
PC & Console MMO Game Developers -
Finland
27
35
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$8.1M (▲271%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.3M
2
-
3
1
PC & Console Gaming (Tree Men Games)
(# Cos: 52 | $26.9M)
Game Developers (Redhill Games)
(# Cos: 50 | $26.9M)
PC & Console Games (Surrogate)
(# Cos: 45 | $26.9M)
Core Games (Remedy Entertainment)
(# Cos: 16 | $10.9M)
MMO Games (Mainframe)
(# Cos: 3 | $10.3M)
Mainframe
(2003, Helsinki, $10.3M)
Kukouri
(2011, Kotka)
Nutfarm
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Mainframe (2003, Helsinki)
$8.1M - Series A - Mar 2020

36. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Electronic Design Automation Tools > Design and Simulation
Tools > Horizontal - Finland
28
36
Back to index
Electronic Design Automation Tools (Minima
Processor)
(# Cos: 4 | $15.9M)
Horizontal (Basemark)
(# Cos: 1 | $7.9M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$7.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$7.9M
1
-
1
0
Basemark
(2015, Helsinki, $7.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Basemark (2015, Helsinki)
$7.9M - Series A - Jul 2020

37. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Sensible 4 (2017, Espoo)
$7.0M - Series A - Feb 2020
Sensors > Sensor Fusion > Algorithms -
Finland
29
37
Back to index
Sensors (Canatu)
(# Cos: 28 | $103M)
Sensor Fusion (Meazurem)
(# Cos: 4 | $7.0M)
Algorithms (Sensible 4)
(# Cos: 2 | $7.0M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$7.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$7.0M
1
-
2
1
Sensible 4
(2017, Espoo, $7.0M)
Meazurem
(2019, Akaa)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

38. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Autonomous Vehicles > Self Driving Technology
> Shuttles - Finland
30
38
Back to index
Autonomous Vehicles (Capricode)
(# Cos: 6 | $8.4M)
Shuttles (Sensible 4)
(# Cos: 1 | $7.0M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$7.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$7.0M
1
-
1
1
Sensible 4
(2017, Espoo, $7.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Sensible 4 (2017, Espoo)
$7.0M - Series A - Feb 2020

39. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Immunotherapy > Oncolytic Virus -
Finland
31
39
Back to index
Immunotherapy (Valo Therapeutics)
(# Cos: 8 | $38.8M)
Oncolytic Virus (TILT Biotherapeutics)
(# Cos: 3 | $26.4M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$6.3M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$26.4M
3
-
3
1
TILT Biotherapeutics
(2013, Helsinki, $19.7M)
Valo Therapeutics
(2016, Helsinki, $1.2M)
Oncos Therapeutics
(2008, Helsinki, $5.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TILT Biotherapeutics (2013, Helsinki)
$5.1M - Series A - Jun 2020
Valo Therapeutics (2016, Helsinki)
$1.2M - Seed - Feb 2020

40. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Mobile App Distribution > Tech for developers >
Operations > Analytics - Finland
32
40
Back to index
Analytics (AppFollow)
(# Cos: 1 | $6.4M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$5.0M (▲355%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$6.4M
1
-
1
1
AppFollow
(2014, Helsinki, $6.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
AppFollow (2014, Helsinki)
$5.0M - Series A - Oct 2020

41. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
MarketingTech > Mobile Marketing > App Marketing > App
Store Optimization - Finland
33
41
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$5.0M (▲355%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$6.4M
1
-
1
1
MarketingTech (Supermetrics)
(# Cos: 72 | $83.2M)
Mobile Marketing (FinnCode)
(# Cos: 3 | $6.6M)
App Marketing (Magic Add)
(# Cos: 2 | $6.6M)
App Store Optimization
(AppFollow)
(# Cos: 1 | $6.4M)
AppFollow
(2014, Helsinki, $6.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
AppFollow (2014, Helsinki)
$5.0M - Series A - Oct 2020

42. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Logmore (2017, Jyvaskyla)
$4.9M - Series A - Apr 2020
Supply Chain Visibility - Finland
34
42
Back to index
SCM Software (Confidex)
(# Cos: 15 | $18.1M)
Visibility & Compliance (Sensire)
(# Cos: 5 | $11.6M)
Supply Chain Visibility (Logmore)
(# Cos: 4 | $4.9M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$4.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.9M
2
-
4
1
Logmore
(2017, Jyvaskyla, $4.9M)
Rossum
(1994, Lahti)
Realin
(2013, Tampere)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

43. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Aibidia (2014, Helsinki)
$4.8M - Seed - Mar 2020
Risk Management for Banks - Finland
35
43
Back to index
GRC Software (Efecte)
(# Cos: 16 | $5.6M)
Finance (MORS Software)
(# Cos: 2 | $5.2M)
Banking (Aibidia)
(# Cos: 2 | $5.2M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$4.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.2M
2
-
2
1
Aibidia
(2014, Helsinki, $5.2M)
MORS Software
(2006, Helsinki)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

44. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Critical Force (2012, Kajaani)
$10.0M - Series B - Jan 2021
Superplus Games (2015, Helsinki)
$4.7M - Series A - Apr 2020
Mobile Core Games Developers - Finland
36
44
Back to index
Mobile Gaming (Rovio)
(# Cos: 138 | $441M)
Game Developers (Supercell)
(# Cos: 133 | $421M)
Core (Superplus Games)
(# Cos: 9 | $38.9M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$4.7M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$38.9M
5
-
9
2
Superplus Games
(2015, Helsinki, $4.7M)
Armada Interactive
(2015, Helsinki, $10.0M)
Critical Force
(2012, Kajaani, $20.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

45. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Multisensor Based Diagnostic Devices -
Finland
37
45
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$4.2M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$6.6M
1
-
1
0
Diagnostics (by Technology) (Blueprint Genetics)
(# Cos: 46 | $79.7M)
Devices and Instruments (Mobidiag)
(# Cos: 22 | $38.2M)
Multi-Sensor Systems (Mega Electronics)
(# Cos: 2 | $6.6M)
Central Laboratory Systems
(Neuro Event Labs)
(# Cos: 1 | $6.6M)
Neuro Event Labs
(2015, Tampere, $6.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Neuro Event Labs (2015, Tampere)
$4.2M - Series A - Apr 2020

46. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Neurology > Medical Devices > Screening Devices >
Electrodiagnostic Testing > Clinic Based > Epilepsy - Finland
38
46
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$4.2M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$6.6M
1
-
1
0
Neurology (Biotie)
(# Cos: 13 | $200M)
Medical Devices (Nexstim)
(# Cos: 8 | $50.4M)
Screening Devices (MEGIN)
(# Cos: 4 | $9.4M)
Clinic Based (Cerenion)
(# Cos: 2 | $9.4M)
Epilepsy (Neuro Event Labs)
(# Cos: 1 | $6.6M)
Neuro Event Labs
(2015, Tampere, $6.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Neuro Event Labs (2015, Tampere)
$4.2M - Series A - Apr 2020

47. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
iFarm (2017, Espoo)
$4.0M - Series A - Aug 2020
Crop Tech > Autonomous Farming >
Diversified - Finland
39
47
Back to index
Crop Tech (EntoCube)
(# Cos: 21 | $7.0M)
Autonomous Farming (Plantui)
(# Cos: 6 | $5.0M)
Diversified (iFarm)
(# Cos: 1 | $5.0M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$4.0M (▲300%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.0M
1
-
1
0
iFarm
(2017, Espoo, $5.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

48. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Clinical Decision Support Tools for Surgery
Planning - Finland
40
48
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$3.9M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.7M
2
-
3
0
Healthcare IT (Kaiku Health)
(# Cos: 85 | $54.0M)
Provider (Klinik Healthcare Solutions)
(# Cos: 47 | $32.4M)
Clinical Operations (Neuro Event Labs)
(# Cos: 15 | $26.6M)
Decision Support (Aiforia)
(# Cos: 15 | $26.6M)
Therapy Plan (Surgify)
(# Cos: 7 | $5.4M)
Surgery (Disior)
(# Cos: 3 | $4.7M)
Disior
(2016, Espoo, $2.9M)
Surgify
(2015, Espoo, $1.7M)
Soredex
(1977, Tuusula)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Disior (2016, Espoo)
$2.2M - Series A - Sep 2020
Surgify (2015, Espoo)
$1.7M - Seed - Jan 2021

49. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Job Boards - Finland
41
49
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$3.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$8.9M
4
-
5
1
HRTech (ePassi)
(# Cos: 71 | $67.4M)
Job Board (Work Pilots)
(# Cos: 14 | $11.2M)
Industry Specific (Fuzu)
(# Cos: 8 | $9.6M)
Multi Industry (Bolt)
(# Cos: 5 | $8.9M)
Bolt
(2006, Helsinki, $2.9M)
Fuzu
(2013, Helsinki, $5.7M)
Duunitori
(2009, Helsinki, $292K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Fuzu (2013, Helsinki)
$3.9M - Series A - Mar 2020

50. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Boksi (2018, Helsinki)
$1.5M - Series A - Dec 2020
Matchmade (2014, Helsinki)
$1.1M - Series A - Sep 2020
MarketingTech > Influencer Marketing >
Influencer Marketplace - Finland
42
50
Back to index
MarketingTech (Supermetrics)
(# Cos: 72 | $83.2M)
Influencer Marketing (Matchmade)
(# Cos: 6 | $10.3M)
Influencer Marketplace (Boksi)
(# Cos: 5 | $10.3M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$2.5M (▲154%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.3M
2
-
5
1
Boksi
(2018, Helsinki, $2.7M)
Matchmade
(2014, Helsinki, $7.6M)
Fameflow
(2015, Helsinki)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
IPRally (2016, Helsinki)
$2.5M - Seed - Jan 2021
Patent Analytics & Management -
Finland
43
51
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Legal Tech (Flowhaven)
(# Cos: 14 | $33.9M)
Intellectual Property (IP) Management
(TrademarkNow)
(# Cos: 5 | $32.4M)
Patent Analytics & Management
(IPRally)
(# Cos: 2 | $3.4M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$2.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$3.4M
2
-
2
0
IPRally
(2016, Helsinki, $2.9M)
Teqmine
(2013, Helsinki, $540K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

52. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Finance & Accounting Tech > Accounting Solutions > Record
to Report > Invoice Digitization - Finland
44
52
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$2.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.4M
1
-
1
0
Finance & Accounting Tech (Basware)
(# Cos: 47 | $35.8M)
Accounting Solutions (Zervant)
(# Cos: 35 | $33.9M)
Record to Report (Exidio)
(# Cos: 7 | $10.8M)
Invoice Digitization (ReceiptHero)
(# Cos: 1 | $2.4M)
ReceiptHero
(2016, Tampere, $2.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ReceiptHero (2016, Tampere)
$2.4M - Seed - Dec 2020

53. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Spinal Therapy Devices - Finland
45
53
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Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$2.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.3M
1
-
2
0
Orthopedics (Bone Index Finland)
(# Cos: 16 | $70.7M)
Medical Devices (OnBone)
(# Cos: 14 | $70.7M)
Therapies (Synoste)
(# Cos: 12 | $36.4M)
Spinal Devices (Injeq)
(# Cos: 2 | $4.3M)
Injeq
(2010, Tampere, $4.3M)
Exerium
(2015, Tampere)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Injeq (2010, Tampere)
$2.4M - Seed - Nov 2020

54. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
AppGyver (2010, Helsinki)
$2.2M - Series A - Apr 2020
Integrated Cloud Platform and Dev Tools
- Finland
46
54
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PaaS (Aiven)
(# Cos: 8 | $61.8M)
Platform & Dev Tools (Vue Design System)
(# Cos: 2 | $10.8M)
Integrated (AppGyver)
(# Cos: 2 | $10.8M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$2.2M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.8M
1
-
2
1
AppGyver
(2010, Helsinki, $10.8M)
Vue Design System
(2017, Helsinki)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

55. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
AppGyver (2010, Helsinki)
$2.2M - Series A - Apr 2020
Low Code Development Platforms -
Finland
47
55
Back to index
Application Development Tools (Softagram)
(# Cos: 19 | $12.3M)
Code Development (Aito.ai)
(# Cos: 8 | $12.3M)
Low Code Development Platforms
(AppGyver)
(# Cos: 2 | $10.8M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$2.2M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.8M
1
-
2
1
AppGyver
(2010, Helsinki, $10.8M)
Vue Design System
(2017, Helsinki)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

56. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Tractr (2019, Helsinki)
$2.0M - Seed - Apr 2020
CoWorking Space Management
Software - Finland
48
56
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Facility Management Tech (SkenarioLabs)
(# Cos: 26 | $13.8M)
Asset and Space Management (Taitori)
(# Cos: 3 | $2.0M)
CoWorking Space Management (Tractr)
(# Cos: 2 | $2.0M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$2.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.0M
2
-
2
0
Tractr
(2019, Helsinki, $2.0M)
DeskMe
(2017, Porvoo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

57. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Fixably (2015, Espoo)
$2.0M - Seed - Sep 2020
SME Business Management Software > Maintenance and
Repair Services > Appliance Repair - Finland
49
57
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SME Business Management Software (NurseBuddy)
(# Cos: 11 | $2.1M)
Maintenance and Repair Services (SirWise)
(# Cos: 2 | $2.0M)
Appliance Repair (Fixably)
(# Cos: 2 | $2.0M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$2.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.0M
1
-
2
0
Fixably
(2015, Espoo, $2.0M)
SirWise
(2015, Tampere)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

58. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Calqulate (2019, Helsinki)
$1.8M - Seed - Jan 2021
Finance & Accounting Tech > Financial Planning & Analysis >
Budgeting & Forecasting - Finland
50
58
Back to index
Finance & Accounting Tech (Zervant)
(# Cos: 47 | $35.8M)
Financial Planning & Analysis (Clausion)
(# Cos: 7 | $1.8M)
Budgeting & Forecasting (Calqulate)
(# Cos: 3 | $1.8M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$1.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.8M
1
-
3
0
Calqulate
(2019, Helsinki, $1.8M)
DataPartner
(1987, Porvoo)
Revise Oy
(2016, Helsinki)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

59. Finland Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
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Finland Tech - Top Business Models Report
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