Deep tech raised 83% of Finnish startup funding in 2025
Until 2023, deep tech companies raised between a fifth and a third of the money invested in Finnish startups each year (20%–32%). In 2025, they raised €1.6B of €1.9B. 5 of Finland's 13 unicorns are deep tech, all reaching $1B in 2022 or later.
€1.7B
€1.9B
€1.4BFinland's other unicorns: Supercell (2013), Rovio (2017), Small Giant Games (2018), HMD Global (2020), Wolt (2021), Aiven (2021), Relex Solutions (2022), Hostaway (2025).
Method and sources: Total startup funding = equity investment from all investors into Finnish startups, from the Finnish Venture Capital Association (Venture capital Suomessa 2025, April 2026). Deep tech = venture, angel and minority growth rounds into Finnish deep tech companies, from Tesi's Deep Tech Study Finland 2025 (December 2025). The two come from different databases, so the shares are indicative. Other startups = total minus deep tech. The jump since 2024 comes largely from a handful of large rounds (Tesi names Oura, IQM, ICEYE and Nest AI for 2025). *2025 deep tech figures run to 5 December. **2026 is an estimate from different sources, as the full-year figures above are not yet published: deep tech = equity rounds announced by companies on the Deeptech Finland map to 23 Sep (€944M, ICEYE's Series F at its €450M of new capital); other startups = Dealroom's own non-deep-tech share of venture capital raised in Finland (€454M; Finland in 2026, data to 23 September, USD at 0.92). Dealroom classifies deep tech on its own terms; taking Dealroom's total minus the map's rounds instead (€254M) would put deep tech's share at 79%. Dealroom's own figure for the same period is 74%, so the 68% shown here is the cautious end. Unicorns: Dealroom's count of companies headquartered in Finland that reached a $1B valuation or a $1B exit, including those since acquired or listed, by the year they did so. Deep tech = company is on the Deeptech Finland map.
Image for sharing: deeptech-share-of-funding.png
