Finnish startups attract EUR 349 million
According to statistics collected by the Finnish Business Angels Network (FiBAN) and the Finnish Venture Capital Association (FVCA), foreign investors are increasingly attracted to the maturing startup ecosystem. Foreign business angel and venture capital (VC) funding hit 208 million euros last year, an increase of 33 per cent from 2016. Altogether, the number of foreign investments has increased tenfold since 2010. Finnish VC firms also raised record 169 million euros of new funds in 2017 to invest in startups and early-stage growth companies. “Being known for our world-class gaming industry, research-based deep tech cases, and initiatives such as Europe’s biggest tech event Slush and the Nordics biggest startup hub Maria 01, the Finnish startup ecosystem can be seen as one of the most active in the Nordics and Europe,” says Reidar Wasenius, managing director of FiBAN.
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