8.5 C
Helsinki
Sunday, May 29, 2022

Finnish startups top Nordic funding in Q3

Finnish startups raised the most capital in the Northern Europe in the third quarter, leaving behind the usual market leaders from Sweden, and others countries in the region, Nordic funding data from research firm Funderbeam showed on Friday.

- Advertisement -

The Finnish firms raised a total of 73 million euros in the July-to-September quarter, boosted by European Investment Bank injection of cash into into Enevo, Frosmo and others. Separately, online analytics firm Verto raised a $16.1 million Series B round.

ARCTIC Q3 2016.001

In Sweden, 35 companies raised a total of 61.8 million euros, with Danish startups raising 40.6 million and Norwegian firms bagging 33.8 million.

Norway’s data was boosted by poLight raising $20 million for its autofocus lens business, while Denmark was lifted by Samlino’s $18 million and Blackwood Seven’s $15 million round.

ARCTIC Q3 2016.002

- Advertisement -
spot_img
Tarmo Virki
Tarmo Virki
Hi its Tarmo here!

Related Articles

spot_img

Stay Connected

20,216FansLike
2,154FollowersFollow
23,343FollowersFollow
- Advertisement -
Arctic15 Helsinki 2022

Latest Articles

X