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1. TRACXN TOP BUSINESS MODELS REPORT
May 03, 2021
FINLAND TECH

2. Finland Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
FinlandFinland Tech Funding - Overview 3
Top Funded Business Models 4
One pagers 9
Appendix 59
2

3. Finland Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Funding in last 1 year
3
Food Tech $672M
Residential Real Estate Tech $117M
Geographic Information Systems $111M
Database Technology $100M
MarketingTech $71.2M
Quantum Computing $63.3M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Innovestor
Superhero Capital
Voima Ventures
4
3
3
Early
Stage
Maki.vc
Vendep Capital
OpenOcean
5
4
4
Late
Stage
EQT Ventures
Atomico
Goldman Sachs
3
2
2
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Wolt
(2014, Helsinki)
$536M - Series E
Kodit.io
(2017, Helsinki)
$117M - Series B
Wolt
(2014, Helsinki)
$110M - Series D
Aiven
(2016, Helsinki)
$100M - Series C
ICEYE
(2014, Espoo)
$87.0M - Series C
Varjo
(2016, Helsinki)
$54.0M - Series C
Supermetrics
(2013, Helsinki)
$47.2M - Series B
IQM
(2018, Espoo)
$46.3M - Series A
Swappie
(2016, Helsinki)
$40.6M - Series B
Virta
(2013, Helsinki)
$36.0M - Series C
Yousician
(2010, Helsinki)
$28.0M - Series B
Quuppa
(2012, Espoo)
$23.7M - Series A
Helsinki (81%)
Espoo (14%)
Tampere (3%)
Kajaani (1%)
Oulu (1%)
Others (0%)

4. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Finland Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1<> 0 Online Food Delivery $654M 3 Wolt | $536M | Series E Link
2▲46 Direct Home Buying $117M 1 Kodit.io | $117M | Series B Link
3<> 0 Database as a Service (DBaaS) $100M 1 Aiven | $100M | Series C Link
4<> 0 DBaaS $100M 1 Aiven | $100M | Series C Link
5<> 0 Big Data Infrastructure > IaaS $100M 1 Aiven | $100M | Series C Link
6-- Satellite Imagery $87.0M 1 ICEYE | $87.0M | Series C Link
7--
NewSpace > Space Services > Imaging > Satellite
Based
$87.0M 1 ICEYE | $87.0M | Series C Link
8▲10
Quantum Computing > Quantum Hardware > ASICs
> Superconducting Qubit
$63.3M 2 IQM | $46.3M | Series A Link
9-- Standalone VR Headsets $54.0M 1 Varjo | $54.0M | Series C Link
10-- Eye Tracking for VR $54.0M 1 Varjo | $54.0M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Finland Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11--
Business Intelligence > Data Discovery and
Visualization > Reporting and Dashboarding > GUI
B..
$47.2M 1 Supermetrics | $47.2M | Series B Link
12-- Customer Data Platforms $47.2M 1 Supermetrics | $47.2M | Series B Link
13▲24 Used Electronics Consignment Platform $40.6M 1 Swappie | $40.6M | Series B Link
14▲22 Mobile Casual Game Developers $40.4M 5 metacore | $17.8M | Series A Link
15-- Station Management Solution $36.0M 1 Virta | $36.0M | Series C Link
16-- Music Tech > Music Learning > Online Tutoring $28.0M 1 Yousician | $28.0M | Series B Link
17-- Indoor Positioning Systems $23.7M 1 Quuppa | $23.7M | Series A Link
18▲16 Customer Service Software $20.0M 1 Ultimate | $20.0M | Series A Link
19▲16
Chatbots > Industry Agnostic > Customer Support >
Text Based
$20.0M 1 Ultimate | $20.0M | Series A Link
20--
Air Pollution Management Tech > Carbon
Management > Carbon Capture > Carbon To Food
$17.9M 1 Solar Foods | $17.9M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Finland Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▲18 License Management $16.0M 1 Flowhaven | $16.0M | Series A Link
22-- Enterprise Social Network $14.7M 1 Happeo | $14.7M | Series A Link
23-- Application Development Services $14.2M 1 Unikie | $14.2M | Series A Link
24-- Oil & Gas Tech > Upstream > Downhole > Diversified $13.4M 1 Zyfra | $13.4M | Series B Link
25▲13 Ecommerce Marketing $12.0M 1 Klevu | $12.0M | Series A Link
26--
Life Sciences Platforms and Tools > Research
Services
$10.6M 1 Rappta Thera.. | $10.6M | Series A Link
27-- Mobile eSports FPS Game Developers $10.0M 1 Critical Force | $10.0M | Series B Link
28-- Open Banking Aggregation APIs $8.3M 1 Enfuce | $8.3M | Series B Link
29-- Payment Card Issuer Processors $8.3M 1 Enfuce | $8.3M | Series B Link
30--
Electronic Design Automation Tools > Design and
Simulation Tools > Horizontal
$7.9M 1 Basemark | $7.9M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Finland Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31▲18
MarketingTech > Demand Generation > Lead
Management > Lead Generation > Conversational
Bots
$6.1M 1 Leadoo | $6.1M | Series A Link
32-- Music Tech > Innovative Hardware > Artist $5.9M 1 Neural DSP Te.. | $5.9M | Series A Link
33▲31
MarketingTech > Mobile Marketing > App Marketing
> App Store Optimization
$5.0M 1 AppFollow | $5.0M | Series A Link
34▲31 App Review Analysis $5.0M 1 AppFollow | $5.0M | Series A Link
35▼27 Sleep Management Devices $4.9M 1 Nukute | $4.9M | Series A Link
36--
Sleep Medicine > Medical Device > Therapeutics >
Sleep Inducing Devices
$4.9M 1 Nukute | $4.9M | Series A Link
37--
Disease Self Management > Sleep > Monitoring >
Sleep Apnea > Device > Wearable
$4.9M 1 Nukute | $4.9M | Series A Link
38-- MarketingTech > Marketing Intelligence $4.8M 1 Sellforte | $4.8M | Series A Link
39-- Crypto Exchanges $4.4M 1 Element Finance | $4.4M | Series A Link
40-- Crop Tech > Autonomous Farming > Diversified $4.0M 1 iFarm | $4.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Finland Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41-- Clinical Decision Support Tools for Surgery Planning $3.9M 2 Disior | $2.2M | Series A Link
42-- Crypto Trading Platforms $2.6M 1 Oddz | $2.6M | Seed Link
43--
MarketingTech > Influencer Marketing > Influencer
Marketplace
$2.5M 2 Boksi | $1.5M | Series A Link
44-- Patent Analytics & Management $2.5M 1 IPRally | $2.5M | Seed Link
45--
Finance & Accounting Tech > Accounting Solutions >
Record to Report > Invoice Digitization
$2.4M 1 ReceiptHero | $2.4M | Seed Link
46-- Spinal Therapy Devices $2.4M 1 Injeq | $2.4M | Seed Link
47-- VR Walkthroughs $2.4M 1 Gbuilder | $2.4M | Series A Link
48--
Virtual Reality > Applications > Real Estate &
Architecture > VR Visualization > Model-based
$2.4M 1 Gbuilder | $2.4M | Series A Link
49--
Healthcare IT > Value Based Care > Patient
Engagement > Education > Pre admissions
$2.4M 1 BuddyCare | $2.4M | Seed Link
50--
SME Business Management Software >
Maintenance and Repair Services > Appliance Repair
$2.0M 1 Fixably | $2.0M | Seed Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Online Food Delivery - Finland
01
9
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$654M (▲403%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$860M
1
-
2
1
Food Tech (Solar Foods)
(# Cos: 26 | $909M)
Food Discovery and Ordering (ResQ)
(# Cos: 9 | $865M)
Restaurant Aggregator (Pizza-online)
(# Cos: 2 | $860M)
Platform Delivered (Wolt)
(# Cos: 2 | $860M)
Wolt
(2014, Helsinki, $860M)
Pizza-online
(2005, Helsinki)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Wolt (2014, Helsinki)
$536M - Series E - Jan 2021
Wolt (2014, Helsinki)
$110M - Series D - May 2020
Wolt (2014, Helsinki)
$8.8M - Angel - Oct 2020

10. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Direct Home Buying - Finland
02
10
Back to index
Residential Real Estate Tech (Oikotie)
(# Cos: 5 | $124M)
Online Resellers (Kodit.io)
(# Cos: 1 | $122M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$117M (▲3381%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$122M
1
-
1
1
Kodit.io
(2017, Helsinki, $122M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Kodit.io (2017, Helsinki)
$117M - Series B - Oct 2020

11. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Database as a Service (DBaaS) - Finland
03
11
Back to index
Database Technology (SQL Governor)
(# Cos: 8 | $153M)
DBaaS (Aiven)
(# Cos: 1 | $151M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$100M (▲150%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$151M
1
-
1
1
Aiven
(2016, Helsinki, $151M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Aiven (2016, Helsinki)
$100M - Series C - Mar 2021

12. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Aiven (2016, Helsinki)
$100M - Series C - Mar 2021
DBaaS - Finland
04
12
Back to index
PaaS (Youredi)
(# Cos: 7 | $151M)
Data PaaS (Arnon Sky)
(# Cos: 2 | $151M)
DBaaS (Aiven)
(# Cos: 1 | $151M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$100M (▲150%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$151M
1
-
1
1
Aiven
(2016, Helsinki, $151M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

13. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Big Data Infrastructure > IaaS - Finland
05
13
Back to index
Big Data Infrastructure (Ellie)
(# Cos: 3 | $151M)
IaaS (Aiven)
(# Cos: 1 | $151M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$100M (▲150%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$151M
1
-
1
1
Aiven
(2016, Helsinki, $151M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Aiven (2016, Helsinki)
$100M - Series C - Mar 2021

14. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
ICEYE (2014, Espoo)
$87.0M - Series C - Sep 2020
Satellite Imagery - Finland
06
14
Back to index
Geographic Information Systems (IndoorAtlas)
(# Cos: 25 | $199M)
Imaging Solutions (Maptionnaire)
(# Cos: 2 | $152M)
Satellite based (ICEYE)
(# Cos: 1 | $152M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$87.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$152M
1
-
1
1
ICEYE
(2014, Espoo, $152M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

15. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
NewSpace > Space Services > Imaging > Satellite
Based - Finland
07
15
Back to index
NewSpace (Aurora)
(# Cos: 3 | $152M)
Satellite Based (ICEYE)
(# Cos: 1 | $152M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$87.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$152M
1
-
1
1
ICEYE
(2014, Espoo, $152M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ICEYE (2014, Espoo)
$87.0M - Series C - Sep 2020

16. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Quantum Computing > Quantum Hardware >
ASICs > Superconducting Qubit - Finland
08
16
Back to index
Quantum Computing (Quantastica)
(# Cos: 2 | $84.2M)
Superconducting Qubit (IQM)
(# Cos: 1 | $84.2M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$63.3M (▲387%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$84.2M
1
-
1
1
IQM
(2018, Espoo, $84.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
IQM (2018, Espoo)
$46.3M - Series A - Nov 2020
IQM (2018, Espoo)
$17.0M - Series A - Jun 2020

17. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Varjo (2016, Helsinki)
$54.0M - Series C - Aug 2020
Standalone VR Headsets - Finland
09
17
Back to index
Virtual Reality (glue)
(# Cos: 35 | $116M)
Display Devices (Realmax)
(# Cos: 2 | $100M)
Consoles and Standalone (Varjo)
(# Cos: 2 | $100M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$54.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$100M
1
-
2
1
Varjo
(2016, Helsinki, $100M)
Realmax
(2003, Helsinki)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

18. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Eye Tracking for VR - Finland
10
18
Back to index
Eye Tracking (SeeTrue Technologies)
(# Cos: 2 | $100M)
Virtual Reality (Varjo)
(# Cos: 1 | $100M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$54.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$100M
1
-
1
1
Varjo
(2016, Helsinki, $100M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Varjo (2016, Helsinki)
$54.0M - Series C - Aug 2020

19. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Business Intelligence > Data Discovery and Visualization > Reporting and
Dashboarding > GUI Based Query > Excel Integrated - Finland
11
19
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$47.2M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$51.3M
1
-
1
1
Business Intelligence (Valossa)
(# Cos: 24 | $55.5M)
Data Discovery and Visualization (Futures
Platform)
(# Cos: 17 | $52.8M)
Reporting and Dashboarding (Dear Lucy)
(# Cos: 8 | $52.2M)
GUI Based Query (Screenful)
(# Cos: 8 | $52.2M)
Excel Integrated (Supermetrics)
(# Cos: 1 | $51.3M)
Supermetrics
(2013, Helsinki, $51.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Supermetrics (2013, Helsinki)
$47.2M - Series B - Aug 2020

20. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Supermetrics (2013, Helsinki)
$47.2M - Series B - Aug 2020
Customer Data Platforms - Finland
12
20
Back to index
MarketingTech (AppFollow)
(# Cos: 79 | $99.0M)
Marketing Data Platforms (Enreach)
(# Cos: 2 | $52.2M)
Customer Data Platforms (Supermetrics)
(# Cos: 2 | $52.2M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$47.2M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$52.2M
2
-
2
1
Supermetrics
(2013, Helsinki, $51.3M)
Enreach
(2010, Helsinki, $841K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

21. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Used Electronics Consignment Platform -
Finland
13
21
Back to index
Second Hand Goods (Zadaa)
(# Cos: 5 | $51.7M)
Consignment (Swappie)
(# Cos: 1 | $48.0M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$40.6M (▲625%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$48.0M
1
-
1
1
Swappie
(2016, Helsinki, $48.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Swappie (2016, Helsinki)
$40.6M - Series B - Jun 2020

22. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Mobile Casual Game Developers -
Finland
14
22
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$40.4M (▲601%)
5(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$175M
29
1
98
7
Mobile Gaming (Futureplay Games)
(# Cos: 142 | $447M)
Game Developers (Supercell)
(# Cos: 137 | $427M)
Casual (Small Giant Games)
(# Cos: 104 | $186M)
Multi Genre (Rovio)
(# Cos: 98 | $175M)
Rovio
(2003, Espoo, $42.0M)
Small Giant Games
(2013, Helsinki, $52.0M)
Dazzle Rocks
(2014, Helsinki, $6.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
metacore (2014, Helsinki)
$17.8M - Series A - Sep 2020
Traplight (2010, Tampere)
$9.0M - Series B - Jul 2020
Dazzle Rocks (2014, Helsinki)
$6.8M - Series A - May 2020
Lightheart (2019, Helsinki)
$6.8M - Series A - Apr 2021
4Good Games (2018, Helsinki)
Undisclosed - Seed - Jun 2020

23. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Station Management Solution - Finland
15
23
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$36.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$36.0M
1
-
1
1
Electric Vehicles (Visedo Oy)
(# Cos: 33 | $67.9M)
Charging Solutions (Ensto)
(# Cos: 12 | $36.6M)
Station Network (Charge & Drive)
(# Cos: 4 | $36.6M)
Charging (Parkkisahko)
(# Cos: 4 | $36.6M)
Station Management IT (Virta)
(# Cos: 1 | $36.0M)
Virta
(2013, Helsinki, $36.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Virta (2013, Helsinki)
$36.0M - Series C - Apr 2021

24. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Yousician (2010, Helsinki)
$28.0M - Series B - Apr 2021
Music Tech > Music Learning > Online
Tutoring - Finland
16
24
Back to index
Music Tech (Singa)
(# Cos: 34 | $45.1M)
Music Learning (MusiClock)
(# Cos: 4 | $29.4M)
Online Tutoring (Yousician)
(# Cos: 1 | $29.4M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$28.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$29.4M
1
-
1
0
Yousician
(2010, Helsinki, $29.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

25. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Indoor Positioning Systems - Finland
17
25
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$23.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$46.1M
3
-
4
2
Geographic Information Systems (ICEYE)
(# Cos: 25 | $199M)
Positioning & Navigation (Steerpath)
(# Cos: 7 | $46.1M)
Positioning (Quuppa)
(# Cos: 5 | $46.1M)
Indoor (IndoorAtlas)
(# Cos: 4 | $46.1M)
IndoorAtlas
(2012, Oulu, $22.4M)
Quuppa
(2012, Espoo, $23.7M)
ROGER-GPS
(2015, Espoo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Quuppa (2012, Espoo)
$23.7M - Series A - Aug 2020

26. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Customer Service Software - Finland
18
26
Back to index
Customer Service Software (callstats.io)
(# Cos: 17 | $40.6M)
Suite (Ultimate)
(# Cos: 1 | $28.1M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$20.0M (▲208%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$28.1M
1
-
1
1
Ultimate
(2014, Tampere, $28.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ultimate (2014, Tampere)
$20.0M - Series A - Dec 2020

27. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Chatbots > Industry Agnostic > Customer
Support > Text Based - Finland
19
27
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$20.0M (▲208%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$31.2M
3
-
3
2
Chatbots (Speechly)
(# Cos: 15 | $49.1M)
Industry Agnostic (giosg)
(# Cos: 7 | $37.0M)
Customer Support (GetJenny)
(# Cos: 6 | $37.0M)
Text Based (Ultimate)
(# Cos: 3 | $31.2M)
Ultimate
(2014, Tampere, $28.1M)
GetJenny
(2016, Helsinki, $3.1M)
Smartifik
(2012, Oulu)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ultimate (2014, Tampere)
$20.0M - Series A - Dec 2020

28. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Air Pollution Management Tech > Carbon Management >
Carbon Capture > Carbon To Food - Finland
20
28
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$17.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$41.6M
1
-
1
1
Air Pollution Management Tech (720°)
(# Cos: 11 | $76.5M)
Carbon Management (Spark Sustainability)
(# Cos: 4 | $43.3M)
Carbon Capture (Soletair Power)
(# Cos: 2 | $43.3M)
Carbon To Food (Solar Foods)
(# Cos: 1 | $41.6M)
Solar Foods
(2017, Helsinki, $41.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Solar Foods (2017, Helsinki)
$17.9M - Series A - Sep 2020

29. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Flowhaven (2016, Espoo)
$16.0M - Series A - Jan 2021
License Management - Finland
21
29
Back to index
Legal Tech (IPRally)
(# Cos: 15 | $33.9M)
Intellectual Property (IP) Management
(TrademarkNow)
(# Cos: 6 | $32.4M)
License Management (Flowhaven)
(# Cos: 1 | $21.5M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$16.0M (▲208%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$21.5M
1
-
1
1
Flowhaven
(2016, Espoo, $21.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

30. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Enterprise Social Network - Finland
22
30
Back to index
Enterprise Collaboration (glue)
(# Cos: 48 | $43.3M)
Enterprise Social Network (Happeo)
(# Cos: 6 | $23.2M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$14.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$23.2M
2
-
6
1
Happeo
(2016, Helsinki, $22.7M)
Apped
(2015, Helsinki, $564K)
eeedo
(2010, Tampere)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Happeo (2016, Helsinki)
$14.7M - Series A - May 2020

31. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Unikie (2015, Tampere)
$14.2M - Series A - Nov 2020
Application Development Services -
Finland
23
31
Back to index
IT Services (Nordcloud)
(# Cos: 313 | $815M)
Application Development (Digia)
(# Cos: 149 | $26.3M)
Horizontal (Futurice)
(# Cos: 89 | $25.1M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$14.2M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$25.1M
17
-
89
0
Futurice
(2000, Helsinki)
Unikie
(2015, Tampere, $14.2M)
Vadion
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

32. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Oil & Gas Tech > Upstream > Downhole
> Diversified - Finland
24
32
Back to index
Oil & Gas Tech (Rocsole)
(# Cos: 3 | $16.4M)
Diversified (Zyfra)
(# Cos: 1 | $13.4M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$13.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$13.4M
1
-
1
1
Zyfra
(2017, Helsinki, $13.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zyfra (2017, Helsinki)
$13.4M - Series B - Jan 2021

33. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Klevu (2013, Helsinki)
$12.0M - Series A - Dec 2020
Ecommerce Marketing - Finland
25
33
Back to index
E-Commerce Enablers (Nosto)
(# Cos: 27 | $78.3M)
Marketing (Smartly.io)
(# Cos: 7 | $71.8M)
Diversified (Klevu)
(# Cos: 3 | $18.3M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$12.0M (▲117%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$18.3M
2
-
3
1
Klevu
(2013, Helsinki, $17.9M)
Custobar
(2014, Helsinki, $402K)
Intellipocket
(2009, Helsinki)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

34. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Life Sciences Platforms and Tools > Research
Services - Finland
26
34
Back to index
Life Sciences Platforms and Tools (Ginolis)
(# Cos: 39 | $39.9M)
Research Services (Nightingale)
(# Cos: 21 | $26.1M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$10.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$26.1M
10
-
21
1
Nightingale
(2013, Helsinki)
MediSapiens
(2009, Helsinki, $1.0M)
DelSiTech
(2001, Turku, $2.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Rappta Therapeutics (2019, Helsinki)
$10.6M - Series A - Oct 2020

35. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Mobile eSports FPS Game Developers -
Finland
27
35
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$10.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$20.8M
1
-
1
1
Mobile Gaming (Rovio)
(# Cos: 142 | $447M)
Game Developers (Supercell)
(# Cos: 137 | $427M)
Core (Armada Interactive)
(# Cos: 9 | $38.9M)
eSports (Reforged Studios)
(# Cos: 2 | $23.3M)
First Person Shooter (Critical Force)
(# Cos: 1 | $20.8M)
Critical Force
(2012, Kajaani, $20.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Critical Force (2012, Kajaani)
$10.0M - Series B - Jan 2021

36. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Enfuce (2016, Espoo)
$8.3M - Series B - Mar 2021
Open Banking Aggregation APIs - Finland
28
36
Back to index
Banking Tech (Holvi)
(# Cos: 15 | $25.3M)
Open Banking (enable:Banking)
(# Cos: 3 | $17.9M)
Aggregation APIs (Enfuce)
(# Cos: 1 | $17.9M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$8.3M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$17.9M
1
-
1
1
Enfuce
(2016, Espoo, $17.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

37. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Enfuce (2016, Espoo)
$8.3M - Series B - Mar 2021
Payment Card Issuer Processors -
Finland
29
37
Back to index
Payments (ePassi)
(# Cos: 43 | $66.0M)
Enablers (XMLdation)
(# Cos: 3 | $17.9M)
Issuer Processor (Enfuce)
(# Cos: 1 | $17.9M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$8.3M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$17.9M
1
-
1
1
Enfuce
(2016, Espoo, $17.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

38. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Electronic Design Automation Tools > Design and Simulation
Tools > Horizontal - Finland
30
38
Back to index
Electronic Design Automation Tools (Minima
Processor)
(# Cos: 4 | $15.9M)
Horizontal (Basemark)
(# Cos: 1 | $7.9M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$7.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$7.9M
1
-
1
0
Basemark
(2015, Helsinki, $7.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Basemark (2015, Helsinki)
$7.9M - Series A - Jul 2020

39. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
MarketingTech > Demand Generation > Lead Management >
Lead Generation > Conversational Bots - Finland
31
39
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$6.1M (▲84.2%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$9.4M
1
-
1
1
MarketingTech (Supermetrics)
(# Cos: 79 | $99.0M)
Lead Management (multiSender)
(# Cos: 3 | $13.5M)
Lead Generation (Leadfeeder)
(# Cos: 3 | $13.5M)
Conversational Bots (Leadoo)
(# Cos: 1 | $9.4M)
Leadoo
(2018, Helsinki, $9.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Leadoo (2018, Helsinki)
$6.1M - Series A - Jan 2021

40. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Neural DSP Technol.. (2017, Helsinki)
$5.9M - Series A - Aug 2020
Music Tech > Innovative Hardware >
Artist - Finland
32
40
Back to index
Music Tech (Yousician)
(# Cos: 34 | $45.1M)
Innovative Hardware (IDA)
(# Cos: 2 | $5.9M)
Artist (Neural DSP Technologies)
(# Cos: 1 | $5.9M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$5.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.9M
1
-
1
0
Neural DSP Technologies
(2017, Helsinki, $5.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

41. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
MarketingTech > Mobile Marketing > App Marketing > App
Store Optimization - Finland
33
41
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$5.0M (▲355%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$6.4M
1
-
1
1
MarketingTech (Supermetrics)
(# Cos: 79 | $99.0M)
Mobile Marketing (FinnCode)
(# Cos: 3 | $6.6M)
App Marketing (Magic Add)
(# Cos: 2 | $6.6M)
App Store Optimization
(AppFollow)
(# Cos: 1 | $6.4M)
AppFollow
(2014, Helsinki, $6.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
AppFollow (2014, Helsinki)
$5.0M - Series A - Oct 2020

42. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
App Review Analysis - Finland
34
42
Back to index
Analysis (AppFollow)
(# Cos: 1 | $6.4M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$5.0M (▲355%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$6.4M
1
-
1
1
AppFollow
(2014, Helsinki, $6.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
AppFollow (2014, Helsinki)
$5.0M - Series A - Oct 2020

43. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Sleep Management Devices - Finland
35
43
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$4.9M (▼82.4%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$59.4M
4
-
6
1
Fitness & Wellness Tech (Polar)
(# Cos: 61 | $70.5M)
Mind & Body Wellness (Nukute)
(# Cos: 15 | $59.4M)
Sleep Management (Beddit)
(# Cos: 8 | $59.4M)
Devices (Oura)
(# Cos: 6 | $59.4M)
Oura
(2013, Oulu, $46.5M)
Beddit
(2007, Espoo, $8.0M)
Nukute
(2015, Oulu, $4.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nukute (2015, Oulu)
$4.9M - Series A - Feb 2021

44. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Nukute (2015, Oulu)
$4.9M - Series A - Feb 2021
Sleep Medicine > Medical Device > Therapeutics > Sleep
Inducing Devices - Finland
36
44
Back to index
Sleep Medicine (Emfit)
(# Cos: 3 | $12.9M)
Medical Device (Beddit)
(# Cos: 3 | $12.9M)
Sleep Inducing Devices (Nukute)
(# Cos: 1 | $4.9M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$4.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.9M
1
-
1
0
Nukute
(2015, Oulu, $4.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

45. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Disease Self Management > Sleep > Monitoring > Sleep
Apnea > Device > Wearable - Finland
37
45
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$4.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.9M
1
-
1
0
Disease Self Management (Mendor)
(# Cos: 50 | $91.7M)
Sleep (Beddit)
(# Cos: 9 | $59.4M)
Monitoring (Oura)
(# Cos: 8 | $59.4M)
Wearable (Nukute)
(# Cos: 1 | $4.9M)
Nukute
(2015, Oulu, $4.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nukute (2015, Oulu)
$4.9M - Series A - Feb 2021

46. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
MarketingTech > Marketing Intelligence
- Finland
38
46
Back to index
MarketingTech (Supermetrics)
(# Cos: 79 | $99.0M)
Marketing Intelligence (Sellforte)
(# Cos: 13 | $5.4M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$4.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.4M
5
-
13
1
Sellforte
(2017, Helsinki, $5.4M)
M-Brain
(1999, Helsinki)
Avansera
(2013, Helsinki)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Sellforte (2017, Helsinki)
$4.8M - Series A - Mar 2021

47. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Crypto Exchanges - Finland
39
47
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$4.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$4.4M
2
-
12
1
Cryptocurrencies (Coinmotion)
(# Cos: 28 | $7.0M)
Financial Services (Oddz)
(# Cos: 22 | $7.0M)
Investment Industry (Element Finance)
(# Cos: 19 | $7.0M)
Crypto Exchanges
(LocalBitcoins.com)
(# Cos: 12 | $4.4M)
LocalBitcoins.com
(2012, Helsinki)
Element Finance
(2019, $4.4M)
Coinmotion
(2013, Helsinki)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Element Finance (2019)
$4.4M - Series A - Mar 2021

48. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
iFarm (2017, Espoo)
$4.0M - Series A - Aug 2020
Crop Tech > Autonomous Farming >
Diversified - Finland
40
48
Back to index
Crop Tech (EntoCube)
(# Cos: 25 | $7.0M)
Autonomous Farming (Plantui)
(# Cos: 6 | $5.0M)
Diversified (iFarm)
(# Cos: 1 | $5.0M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$4.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.0M
1
-
1
0
iFarm
(2017, Espoo, $5.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

49. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Clinical Decision Support Tools for Surgery
Planning - Finland
41
49
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$3.9M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.7M
2
-
3
0
Healthcare IT (Kaiku Health)
(# Cos: 88 | $56.4M)
Provider (Klinik Healthcare Solutions)
(# Cos: 50 | $32.4M)
Clinical Operations (Neuro Event Labs)
(# Cos: 15 | $26.6M)
Decision Support (Aiforia)
(# Cos: 15 | $26.6M)
Therapy Plan (Surgify)
(# Cos: 7 | $5.4M)
Surgery (Disior)
(# Cos: 3 | $4.7M)
Disior
(2016, Espoo, $2.9M)
Surgify
(2015, Espoo, $1.7M)
Soredex
(1977, Tuusula)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Disior (2016, Espoo)
$2.2M - Series A - Sep 2020
Surgify (2015, Espoo)
$1.7M - Seed - Jan 2021

50. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Crypto Trading Platforms - Finland
42
50
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$2.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.6M
1
-
5
0
Cryptocurrencies (Coinmotion)
(# Cos: 28 | $7.0M)
Financial Services (Element Finance)
(# Cos: 22 | $7.0M)
Investment Industry (LocalBitcoins.com)
(# Cos: 19 | $7.0M)
Online Trading Platforms (Crypto Traders
Net)
(# Cos: 5 | $2.6M)
Regular Trading (Oddz)
(# Cos: 5 | $2.6M)
Oddz
(2020, $2.6M)
Crypto Traders Net UVC Exchange
(2019, Harju)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Oddz (2020)
$2.6M - Seed - Feb 2021

51. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Boksi (2018, Helsinki)
$1.5M - Series A - Dec 2020
Matchmade (2014, Helsinki)
$1.1M - Series A - Sep 2020
MarketingTech > Influencer Marketing >
Influencer Marketplace - Finland
43
51
Back to index
MarketingTech (Supermetrics)
(# Cos: 79 | $99.0M)
Influencer Marketing (Matchmade)
(# Cos: 6 | $10.3M)
Influencer Marketplace (Boksi)
(# Cos: 5 | $10.3M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$2.5M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.3M
2
-
5
1
Boksi
(2018, Helsinki, $2.7M)
Matchmade
(2014, Helsinki, $7.6M)
Fameflow
(2015, Helsinki)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

52. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
IPRally (2016, Helsinki)
$2.5M - Seed - Jan 2021
Patent Analytics & Management -
Finland
44
52
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Legal Tech (Flowhaven)
(# Cos: 15 | $33.9M)
Intellectual Property (IP) Management
(TrademarkNow)
(# Cos: 6 | $32.4M)
Patent Analytics & Management
(IPRally)
(# Cos: 2 | $3.4M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$2.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$3.4M
2
-
2
0
IPRally
(2016, Helsinki, $2.9M)
Teqmine
(2013, Helsinki, $540K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

53. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Finance & Accounting Tech > Accounting Solutions > Record
to Report > Invoice Digitization - Finland
45
53
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$2.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.4M
1
-
1
0
Finance & Accounting Tech (Basware)
(# Cos: 49 | $35.8M)
Accounting Solutions (Zervant)
(# Cos: 36 | $33.9M)
Record to Report (Exidio)
(# Cos: 7 | $10.8M)
Invoice Digitization (ReceiptHero)
(# Cos: 1 | $2.4M)
ReceiptHero
(2016, Tampere, $2.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ReceiptHero (2016, Tampere)
$2.4M - Seed - Dec 2020

54. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Spinal Therapy Devices - Finland
46
54
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Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$2.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.3M
1
-
2
0
Orthopedics (Bone Index Finland)
(# Cos: 16 | $70.7M)
Medical Devices (OnBone)
(# Cos: 14 | $70.7M)
Therapies (Synoste)
(# Cos: 12 | $36.4M)
Spinal Devices (Injeq)
(# Cos: 2 | $4.3M)
Injeq
(2010, Tampere, $4.3M)
Exerium
(2015, Tampere)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Injeq (2010, Tampere)
$2.4M - Seed - Nov 2020

55. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
VR Walkthroughs - Finland
47
55
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$2.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.4M
2
-
2
0
Construction Tech (Solibri)
(# Cos: 41 | $6.9M)
Visualization (SuprView)
(# Cos: 4 | $4.4M)
Virtual Tour (Gbuilder)
(# Cos: 3 | $4.4M)
Virtual Reality (Tridify)
(# Cos: 2 | $4.4M)
Tridify
(2012, Vantaa, $2.0M)
Gbuilder
(2013, Oulu, $2.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Gbuilder (2013, Oulu)
$2.4M - Series A - Mar 2021

56. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Virtual Reality > Applications > Real Estate & Architecture >
VR Visualization > Model-based - Finland
48
56
Back to index
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$2.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.4M
2
-
3
0
Virtual Reality (Varjo)
(# Cos: 35 | $116M)
Applications (glue)
(# Cos: 18 | $8.8M)
Real Estate & Architecture (RenderLights)
(# Cos: 3 | $4.4M)
VR Visualization (Gbuilder)
(# Cos: 3 | $4.4M)
Model-based (Tridify)
(# Cos: 3 | $4.4M)
Tridify
(2012, Vantaa, $2.0M)
Gbuilder
(2013, Oulu, $2.4M)
RenderLights
(2010, Helsinki)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Gbuilder (2013, Oulu)
$2.4M - Series A - Mar 2021

57. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Healthcare IT > Value Based Care > Patient Engagement >
Education > Pre admissions - Finland
49
57
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Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$2.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.4M
1
-
1
0
Healthcare IT (Aiforia)
(# Cos: 88 | $56.4M)
Value Based Care (Noona)
(# Cos: 32 | $21.5M)
Patient Engagement (Kaiku Health)
(# Cos: 14 | $12.4M)
Pre admissions (BuddyCare)
(# Cos: 1 | $2.4M)
BuddyCare
(2015, Helsinki, $2.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BuddyCare (2015, Helsinki)
$2.4M - Seed - Mar 2021

58. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Finland Tech - Top Business Models Report
Recent Funding Rounds
Fixably (2015, Espoo)
$2.0M - Seed - Sep 2020
SME Business Management Software > Maintenance and
Repair Services > Appliance Repair - Finland
50
58
Back to index
SME Business Management Software (NurseBuddy)
(# Cos: 11 | $2.1M)
Maintenance and Repair Services (SirWise)
(# Cos: 2 | $2.0M)
Appliance Repair (Fixably)
(# Cos: 2 | $2.0M)
Taxonomy
$ Invested in last 1 year in Finland Tech
Key Stats
# Funding Rounds in last 1 year in
Finland Tech
$2.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.0M
1
-
2
0
Fixably
(2015, Espoo, $2.0M)
SirWise
(2015, Tampere)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

59. Finland Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
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Finland Tech - Top Business Models Report
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