60 Best Startups in Espoo to Watch in 2025

The Definitive Seedtable Ranking of Startups in Espoo

We track 71,000+ companies and rank them dynamically using our Seedtable Score – a score that uses quantitative and qualitative data points to signal the momentum behind a company. We then monitor the list manually leveraging our expertise as founders and investors.

There are 60 start-ups with an aggregate funding of $1.5b. The average funding per company in this subset is $25.2m.

Last update to the database: Aug 26, 2025. See changelog.

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5

Funding Rounds

$281.0m

Money raised

ICEYE is an earth-observation satellite operator founded in 2015 by Rafal Modrzewski.

Location:

Key people:

6

Funding Rounds

$211.9m

Money raised

IQM is a company utilizing superconducting technology to build scalable quantum computing hardware.

Location:

Key people:

6

Funding Rounds

$105.7m

Money raised

Dispelix is a company that designs and manufactures diffractive waveguide displays for augmented reality (AR) purposes.

Location:

Key people:

5

Funding Rounds

$3.7m

Money raised

CollectiveCrunch uses artificial intelligence in the forest industry that collects data for precise models.

Location:

Key people:

3

Funding Rounds

$4.5m

Money raised

Sharper Shape is a computer software company that provides holistic solutions for asset and vegetation management.

7

Funding Rounds

$89.0m

Money raised

HoxHunt is an automated cyber training program that transforms the way your employees react and respond to the growing amount of phishing emails.

Location:

Key people:

2

Funding Rounds

$14.6m

Money raised

Platform aiming to revolutionize the financial, environmental, and social impact of waste.

3

Funding Rounds

$76.2m

Money raised

Infinited Fiber technology brings enormous social, environmental and economical impact to the textile value chain and everybody's wardrobe.

Location:

2

Funding Rounds

$22.4m

Money raised

Mobile card reader enabling small businesses to accept card payments anywhere.

1

Funding Rounds

$1.5m

Money raised

Caidio is a company that maximizes the quality and productivity of global concrete construction.

Location:

Key people:

1

Funding Rounds

$1.1m

Money raised

VTT Technical Research Centre of Finland Ltd is a leading research and technology company in the Nordic countries.

1

Funding Rounds

$7.7m

Money raised

M-Files is a Espoo-based company founded in 1989.

7

Funding Rounds

$74.7m

Money raised

Mobidiag UK Ltd is an Espoo-based molecular diagnostic company developing solutions for the detection of infectious diseases.

2

Funding Rounds

$3.5m

Money raised

Hyperion Robotics is a company providing 3D-printing reinforced concrete services.

1

Funding Rounds

$1.2m

Money raised

Port 6 is a company that provides compact biometrics to translate human movement into digital touch.

3

Funding Rounds

$40.9m

Money raised

Kuva Space is a smarter data for a stronger planet founded in 2016.

1

Funding Rounds

$1.4m

Money raised

Wellmo is an employee perks and financial services company founded in 2012 by Varun Vummidi.

1

Funding Rounds

$25.0m

Money raised

Paptic is a manufacturing company producing eco-friendly packaging materials founded in 2015.

Location:

2

Funding Rounds

$56.4m

Money raised

Enfuce Financial Services is an API-first card issuing and payment processing platform founded in 2016.

1

Funding Rounds

$2.9m

Money raised

Teraloop is a company in Espoo, Southern Finland.

Location:

Key people:

2

Funding Rounds

$40.9m

Money raised

IXI is a manufacturer of autofocus glasses founded in 2021 by Ville Miettinen.

Location:

Key people:

1

Funding Rounds

$3.3m

Money raised

Funzi offers free and affordable professional and life skills

1

Funding Rounds

QuantrolOx is building automated machine learning-based control software for quantum technologies to tune, stabilize, and optimize qubits.

1

Funding Rounds

$1.9m

Money raised

Nordic Umami Company builds a sustainable food system by developing circular food technology that can naturally create delicious plant-based umami foods. Founded by Reetta Kivelä, Outi Mäkinen and Tytti-Lotta Ojala, the food innovation hub is accelerating plant-based eating and zero waste idea.

Industries:

Location:

3

Funding Rounds

$36.9m

Money raised

Zevoy is an expense management solution founded in 2020.

Industries:

Location:

1

Funding Rounds

$2.1m

Money raised

Connected Finland is an IoT-operator in Finland founded in 2015 by Markku Patronen.

Location:

Key people:

2

Funding Rounds

$9.7m

Money raised

Developer of bone surgery technology for safer, effective, and more precise bone cutting.

Location:

Key people:

2

Funding Rounds

$45.2m

Money raised

ePassi is a company founded in 2007.

1

Funding Rounds

$590.0k

Money raised

Platform providing direct access to banks' payments and account information APIs.

2

Funding Rounds

$4.2m

Money raised

Gubbe is a Espoo-based company.

Location:

1

Funding Rounds

$1.8m

Money raised

Saidot is an AI governance platform founded in 2018.

4

Funding Rounds

$68.2m

Money raised

eniferBio is an upcycled mycoprotein powder producer founded in 2019.

Location:

2

Funding Rounds

$47.6m

Money raised

Platform providing intelligent real-time locating services and applications.

4

Funding Rounds

$37.2m

Money raised

Platform for law firms to automate their documents, reduce overheads, sell scalable services in client centric way.

1

Funding Rounds

$2.0m

Money raised

Surrogate.tv is a no-code robotics platform located in Finland.

Industries:

Location:

1

Funding Rounds

$6.9m

Money raised

Manufacturer of atomic layer deposition reactors for micro and nanotechnology applications.

Location:

2

Funding Rounds

$59.0m

Money raised

Iceye is a microsatellite manufacturer and operator founded in 2015.

2

Funding Rounds

$4.1m

Money raised

Creating modern consumer experiences by remodelling the recreational rental industry.

2

Funding Rounds

$2.8m

Money raised

Location:

1

Funding Rounds

$4.5m

Money raised

QMill is an industrial quantum-computing solutions provider founded in 2024 by Mikko Möttönen, Toni Annala and Ville Kotovirta.

Location:

Key people:

2

Funding Rounds

$18.4m

Money raised

Infrakit is a digital platform to increase infrastructure construction productivity founded in 2010.

1

Funding Rounds

$9.1m

Money raised

Desentum is an antibodies for long term allergy protection founded in 2011.

4

Funding Rounds

$8.1m

Money raised

Meeting and event venues booking platform.

1

Funding Rounds

$1.7m

Money raised

Indoor air quality and indoor climate monitoring, analysis and optimisation solution provider

1

Funding Rounds

$160.0k

Money raised

AgriTech startup specializing in innovative farming solutions for cold climates.

1

Funding Rounds

$1.4m

Money raised

Gosta Labs is a developer of AI assistant for healthcare industry founded by Lauri Sippola.

Location:

Key people:

1

Funding Rounds

$2.2m

Money raised

Origin by Ocean is an algae-based alternative to chemicals founded in 2019.

2

Funding Rounds

$6.5m

Money raised

ElFys is a photodiodes that are sensitive to ultraviolet light founded in 2017.

Location:

1

Funding Rounds

$1.6m

Money raised

Generative AI platform for on-premises and private cloud environments.

1

Funding Rounds

$1.4m

Money raised

Developer of a hardware solution for collection and recycling of nutrients from wastewater.

Location:

2

Funding Rounds

$2.5m

Money raised

New Nordic School is an educational platform transforming current systems of learning founded in 2018.

Location:

1

Funding Rounds

$250.0k

Money raised

Inclus is a collaborative risk management software founded in 2012.

1

Funding Rounds

$2.4m

Money raised

Platform targeting the brain to remodel neural pathways for chronic pain relief.

Industries:

Location:

1

Funding Rounds

$110.0k

Money raised

GIM Robotics is an intelligent robots maker founded in 2014.

Industries:

Location:

1

Funding Rounds

$4.4m

Money raised

Koite Health is an oral antibacterial treatment for home use founded in 2018.

Industries:

Location:

1

Funding Rounds

$570.0k

Money raised

Audio treatments developer for nervous system regulation.

1

Funding Rounds

Gobybike is a company founded in 2020 by Heikki Tiittanen.

Location:

Key people:

1

Funding Rounds

$3.3m

Money raised

App enabling unique golf experiences on and off the course.

Industries:

Location:

1

Funding Rounds

$9.1m

Money raised

Desentum is a Espoo-based company.

Location:

1

Funding Rounds

$36.0m

Money raised

Infinited is a Espoo-based company.

Location:

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