European Venture Capital Statistics: Finnish Startups Attract Twice as Much Funding as Most European Counterparts – Pääomasijoittajat

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Finnish Startups Leader In Europe

According to recent Invest Europe statistics, Finnish startups receive the most venture capital funding in Europe, when the invested amount is examined in relation to gross domestic product. While Finland has already held the top spot for three consecutive years, in the 2020 statistics Finland stands out from the crowd by far.

New statistics from Invest Europe show the amount of venture capital (VC) funding raised by startups in different European countries. In the statistics, the total amount of investments is presented in relation to each country’s gross domestic product. When these numbers are compared, Finland clearly stands above the rest of Europe. In the comparison, Finland is 77% ahead of the UK, which holds the second position. Finnish startups received twice as much funding as their Swedish counterparts (in fourth position) when the sizes of the national economies are taken into account.

Finland’s position at the top of the comparison is not a one-off case – the development has been continuous. However, 2020 saw a jump to a completely new level, when Finnish startups once again raised a record amount of VC funding, €495 million. During the year, the amount of domestic VC investments doubled, and foreign VC investments increased by 57%.

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Finnish Startups Leader In Europe


International Business Consultant


By MSc(Econ) Lassi Pensikkala - International News Curator: Travel, Golf, and Business

Lassi Pensikkala is the creator of He writes regularly providing thought leadership on topics related to Travel, Golf, Business, Health, and Lifestyle. You can follow him on Twitter @amerexperience or connect on Linkedin. You can read his travel and golf news in Google News, and business and travel magazines on Flipboard @amerexperience Expertise: International Travel And Business Expert Creator of - Education: Studied International Business in Business School of Turku Finland, and Economy, Psychology and Sociology at the University of Hamburg graduated as MSc(Econ) - Language skills: Multilingual - English, German, Spanish, Swedish and Finnish - Life philosophy: 1959 and the 60’s were the golden times of Rock’n Roll, student movements, and first flight to moon. The nordic people were free to travel in the Scandinavian countries including Finland. No passports or travel documents were needed. The freedom still today is the most important for the Scandinavians from that epoch. Freedom is to travel, learn to know new countries and other languages, and meet different people and cultures. He wishes the new generations would have the same possibilities experiencing all that what makes you feel free, and building a strong personality. -

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