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

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