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1. TRACXN MONTHLY REPORT
JANUARY 2022
FINLAND TECH

2. Finland Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
2
Finland Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 6
Top Funded Business Models - last 1 year 7
Acquisitions 8
Recent News 9

3. Finland Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Finland Tech Snapshot – January 2022
Finland Tech: Snapshot – January 2022
Note : "Investors" refers to "Institutional Investors" only
3
$14.7M
2
Overall Geo Stats
3
2
10
7
4
Funding Rounds $ Invested Analyst Picks
Singa!@#
New Investors
Sfermion
Equilibrium
Series A+ rounds Active Investors IPOs Acquisitions
Suunto
Disior
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Helsinki
(3 Rounds, $6.8M)
Jyvaskyla
(1 Rounds, $7.9M)
$7.9M - Series A
Naava (2011, Jyvaskyla, $11.3M)
$3.1M - Series A
Singa (2013, Helsinki, $5.1M)
$2.5M - Seed
Social First (2021, Helsinki, $2.5M)
$1.2M - Seed
Kleoverse (2021, Helsinki, $1.2M)
Tesi
(1 Investments)
Butterfly Ventures
(1 Investments)
Invesdor
(1 Investments)
Equilibrium
(1 Investments)
Air Pollution Management Tech
Naava
Music Tech
Singa
PC & Console Gaming
Social First
Cryptocurrencies
Kleoverse
Market Size
Companies Covered 2,976
Funded Companies 1,107
Total Funding $5.6B
Funding in last 12 months $799M
Top Exits
IPOs 25
Acquisitions 206
Company Stage
Unicorns 1
Soonicorns 19
Minicorns 97
Editor Picks 411
Series A+ 258
Series C+ 38
Acqui-Hires 1
Deadpooled 202
Top Cities
Helsinki (595 Rounds, $3.5B)
Espoo (157 Rounds, $913M)
Top Investors
Business Finland (103 Investments)
Lifeline Ventures (51 Investments)

4. Finland Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Finland Tech as of January 2022
Finland Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (January 2022)*
Naava
(2011, Jyvaskyla, $11.3M)
$7.9M - Series A Nidoco
Singa
(2013, Helsinki, $5.1M)
$3.1M - Series A Maki.vc
Social First
(2021, Helsinki, $2.5M)
$2.5M - Seed Play Ventures
Kleoverse
(2021, Helsinki, $1.2M)
$1.2M - Seed Ville Vesterinen
*Shows only the lead Investors

5. Finland Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Finland Tech in January 2022
Finland Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
EARLY STAGE
$3.1M - Series A
Singa (2013, Helsinki, $5.1M)
Online karaoke platform
Maki.vc, Tesi, Invesdor
EARLY STAGE
$7.9M - Series A
Naava (2011, Jyvaskyla, $11.3M)
Smart green walls for air purification
Nidoco, , Butterfly Ventures, Mika Ihamuotila, Mikael
Hed, and 4 more
SEED STAGE
$1.2M - Seed
Kleoverse (2021, Helsinki, $1.2M)
Online platform offering data related to DAOs
Equilibrium, Byfounders, Sfermion, Ville Vesterinen
SEED STAGE
$2.5M - Seed
Social First (2021, Helsinki, $2.5M)
Developer of multiplayer cross-platform social games
Play Ventures

6. Finland Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors
List of New Investors in Finland Tech in January 2022
Finland Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
Sfermion
22 portfolio companies | Venture capital firm focused on non-fungible tokens
and associated assets
Kleoverse
Online platform offering data related to DAOs
$1.20M Seed
Equilibrium
7 portfolio companies | Infrastructure fund focused on water, waste, and energy
sectors
Kleoverse
Online platform offering data related to DAOs
$1.20M Seed
hammarenfamily.vdtrxn
1 portfolio companies | Single-family office focused on venture capital
investments
Naava
Smart green walls for air purification
$7.90M Series A

7. Finland Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
7
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- Database as a Service (DBaaS) $160M 2 Aiven | $100M | Series C
2 -- Infrastructure as a Service for Big Data $160M 2 Aiven | $100M | Series C
3 ▲7 Sleep Management Devices $105M 2 Oura | $100M | Series C
4 -- Open Banking API Providers $59.2M 2 Enfuce | $50.9M | Series C
5 -- Open Banking APIs for Payments $59.2M 2 Enfuce | $50.9M | Series C
6 -- Waveguides $39.0M 2 Dispelix | $33.0M | Series B
7 -- Electric Vehicle Charging Station Management Software $36.8M 2 Virta | $36.0M | Series C
8 -- Cryptocurrency Exchanges $36.4M 2 Element Fina.. | $32.0M | Series A
9 -- Fibre Waste Recyclers $35.7M 1 Infinited Fi.. | $35.7M | Series B
10 -- Plant Based Seafood Substitutes $28.2M 1 Oddlygood | $28.2M | Series B

8. Finland Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Finland Tech in January 2022
Finland Tech: Acquisitions
8
Acq. Date Company Acquirer Deal Size
11 Jan 2022
Suunto(1936, Vantaa)
Developer of smartwatches for sport and fitness activities
Haylou
13 Jan 2022
Disior(2016, Espoo, $2.9M)
Software for bone fracture analysis and treatment planning
Paragon 28

9. Finland Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Finland Tech in January 2022
Finland Tech:News
9
Exit News
.
● DoorDash to Buy Finland Food-Delivery Startup in Deal Valued Above $8 Billion
The Wall Street Journal
.
● Smartly.io Acquires Ad-Lib.io to Expand Creative Technology Across Channels
Business Wire
.
● Amer sells Suunto to Chinese tech company bicycleretailer.com
.
● Vaisala strengthens growth in weather and environmental data business with
acquisition of US-based AerisWeatherGlobeNewswire
.
● Finnish healthtech company acquires a Finnish genetic testing company
ArcticStartup
.
● Daily Ai Acquires Whiteboard For Mortgage Crm Software mortgageorb.com
.
● Teleste strengthens presence in the Italian public transport market through an
acquisitionPR Newswire
.
● Nosto Acquired SearchNode, Adding Ecommerce Search to its Commerce
Experience Platform MarTech Series
.
People News

10. Finland Tech - January 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Explore more on Tracxn
Explore more about Finland Tech on Tracxn Platform
Finland Tech: Explore more on Tracxn Platform
10
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Finland
AI Companies in Finland
Fintech Companies Finland
Consumer Digital in Finland
Company Due Diligence
Detailed profile of Aiven
Competitors of
Cap Tables of
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

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