52 Hardware Startups in Finland to Watch (and Work for) in 2023
Hardware is rapidly transforming the way we think about and interact with the world around us. Across Europe, but particulartly in Finland, Hardware startups are pushing boundaries, fixing problems worth solving, and reshaping the contours of their industry.
As we get into the end of 2023, we've curated a list of the top Hardware startups in Finland that are making waves. We update this list monthly by tracking activity in our database of 17,000 technology companies in Europe and sort them dynamically using our Seedtable score, ensuring objectivity.
Changelog
Last update: December 7, 2023. Added companies, investors and rounds. See changelog .
Rankings are calculated using our Seedtable score – a 1 to 100 score that uses quantitative and qualitative data points (examples are money raised or employees over time) to signal the momentum behind a company. A score closer to 100 indicates a company worth watching closely.
Featured companies in Company
56Featured
ICEYE operates a synthetic-aperture radar satellite constellation designed to deliver monitoring capabilities for any location on ea...
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Latest Funding
$140 Million · Series D
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Employees
251 to 500
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Investors
Molten Ventures, Molten Ventures, True Ventures, True Ventures
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Business Model
B2B
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Industries
Hardware, Space Tech, Manufacturing
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Locations
Espoo
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Contact
•••••@iceye.com
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51Featured
SpinDrive creates customized levitation technology pushing energy efficiency to the maximum level and promoting oil-free solutions.
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Latest Funding
$4.1 Million · Series A
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Employees
1 to 10
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Investors
Born2Grow, Rhapsody Venture Partners, Innovestor Ventures, Innovestor Ventures
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Business Model
B2B
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Industries
Climate Tech & Green Tech, Hardware, Energy & Nuclear, Manufacturing
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Locations
Lappeenranta
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Contact
•••••@spindrive.fi
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50Featured
Marketplace for refurbished smartphones.
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Latest Funding
$120 Million
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Employees
101 to 250
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Investors
Inventure, Inventure, Inventure, Lifeline Ventures, Lifeline Ventures, Lifeline Ventures
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Business Model
B2C, MARKETPLACE
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Industries
Hardware, Ecommerce
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Locations
Helsinki
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Contact
•••••@swappie.com
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Full list of Hardware startups in Finland
43Varjo makes advanced VR/XR hardware and software for industrial use, paving the way for a true-to-life metaverse.
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Latest Funding
$40 Million · Series D
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Industries
Hardware, AR / VR, Manufacturing
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Locations
Helsinki
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Employees
101 to 250
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Business Model
B2B
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Investors
EQT Ventures, Atomico, NordicNinja VC, Lifeline Ventures
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Contact
•••••@varjo.com
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42Dispelix simply removes the challenges that the product designers have been trying to hide for years.
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Latest Funding
$33 Million · Series B
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Industries
Hardware, CPG & Consumer Goods, AR / VR, Manufacturing, Creative Tools, Wearables
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Locations
Espoo
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Employees
11 to 50
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Business Model
B2B, B2C
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Investors
VTT Ventures, Lifeline Ventures, Atlantic Bridge
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Contact
•••••@dispelix.com
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37Haltian provides product development services and commercial Internet of Things solutions.
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Latest Funding
$7.3 Million
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Industries
Hardware, Mobile, Manufacturing, Developer Tools, Wearables
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Locations
Oulu
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Employees
51 to 100
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Business Model
B2B
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Investors
Inventure
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Contact
•••••@haltian.com
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37Low-cost, low-energy scalable IoT connectivity solutions.
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Latest Funding
$22 Million · Series D
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Industries
Hardware, Internet of Things
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Locations
Tampere
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Employees
11 to 50
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Business Model
SAAS, B2C
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Investors
Highland Europe, Inventure, Vito Ventures, In-Q-Tel, Amalfi Capital, ETF Partners, Karma Venture
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Contact
•••••@wirepas.com
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37ZirooPay is a maker of a mobile card reader that allows small businesses to accept card payments anywhere they operate.
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Latest Funding
$11 Million · Series A
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Industries
Fintech, Hardware, Mobile, Payments, Manufacturing, Wearables
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Locations
Espoo
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Employees
1 to 10
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Business Model
B2B
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Investors
Inventure
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Contact
•••••@ziroopay.com
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37Cancer surgery technology developer.
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Latest Funding
$1.1 Million · Seed
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Industries
Health Tech, Hardware
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Locations
Kuopio
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Employees
1 to 10
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Investors
Almaral, Nostetta Ventures, Restone Capital
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Contact
•••••@marginum.com
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34Canatu develops and manufactures innovative 3D formable and stretchable films and sensors for 3D touch surfaces and heater solutions.
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Latest Funding
$18 Million
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Industries
Climate Tech & Green Tech, Hardware, Deep Tech, Music and Audio, Mobility & Transportation, Robotics, Navigation and Mapping, Manufacturing, Electric Vehicles
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Locations
Helsinki
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Employees
51 to 100
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Business Model
B2B
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Contact
•••••@canatu.com
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29Causalus is building SaaS service for reviewing, tracking and standardising complex medications of the eldelry patients.
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Latest Funding
$290 Thousand · Pre Seed
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Industries
Health Tech, Hardware, Biotech, Pharma, ElderTech
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Locations
Helsinki
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
Icebreaker
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Contact
•••••@causalus.com
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29API-First EV Charging Platform integrates payment, business systems, data and electricity management with EV charging service
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Latest Funding
$770 Thousand · Pre Seed
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Industries
Climate Tech & Green Tech, Hardware, Mobility & Transportation, Energy & Nuclear, Electric Vehicles
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Locations
Helsinki
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
Nidoco
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Contact
•••••@emabler.com
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29Quuppa is a technology platform that provides intelligent real time locating services and applications.
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Latest Funding
$24 Million · Seed
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Industries
Hardware, Manufacturing, Productivity Tools
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Locations
Espoo
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Employees
51 to 100
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Business Model
B2B, SAAS
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Contact
•••••@quuppa.com
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29Skyfora combines scientific understanding of tropical storms with computer vision, machine learning and IoT technologies.
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Latest Funding
$710 Thousand · Pre Seed
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Industries
Hardware, AI, Machine Learning, Data and Analytics, Manufacturing, Business Intelligence
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Locations
Helsinki
- Employees
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Business Model
B2B, SAAS
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Investors
Icebreaker, Voima Ventures
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Contact
•••••@skyfora.com
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29The most hygiene and safe experiences in temporary living, safe from bed bugs. Deep tech startup based in Helsinki, Finland.
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Latest Funding
$1.8 Million · Seed
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Industries
Health Tech, Hardware, Proptech & Real Estate, Manufacturing, Community & Lifestyle, Wearables
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Locations
Helsinki
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Employees
1 to 10
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Business Model
B2B
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Investors
Maki.vc, Icebreaker
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Contact
•••••@valpashotels.com
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26Cerenion is a medical device company that has developed a software for monitoring of brain function in intensive care.
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Latest Funding
$2.2 Million · Seed
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Industries
Health Tech, Hardware, AI, Machine Learning, Manufacturing, Wearables
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Locations
Oulu
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Employees
1 to 10
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Business Model
B2B
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Investors
Icebreaker
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Contact
•••••@cerenion.com
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26Logmore improves logistics quality control by QR data loggers and a connected cloud platform.
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Latest Funding
$4.9 Million · Seed
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Industries
Hardware, Manufacturing, Business Intelligence, Internet of Things, Supply Chain & Logistics, Wearables
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Locations
Jyväskylä
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Employees
51 to 100
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Business Model
B2B
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Investors
NordicNinja VC, Icebreaker
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Contact
•••••@logmore.com
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26Pixieray modernizes traditional eyeglass optics by introducing a pioneering adaptive solution giving anyone perfect vision
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Latest Funding
$4.4 Million · Seed
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Industries
Hardware, Fashion, Manufacturing
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Locations
Espoo
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Employees
1 to 10
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Business Model
B2B
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Investors
Firstminute Capital, Maki.vc, First Fellow Partners
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Contact
•••••@pixieray.com
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26Sofi Filtration is a Finnish provider of innovative industrial water filtration technology.
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Latest Funding
$3.5 Million
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Industries
Climate Tech & Green Tech, Health Tech, Hardware, Energy & Nuclear, Manufacturing
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Locations
Espoo
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Employees
1 to 10
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Business Model
B2B
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Investors
Voima Ventures
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Contact
•••••@sofifiltration.com
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25Zenniz is an ITF approved game tracking solution that provides real-time information.
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Industries
Hardware, Sportstech, Manufacturing, Business Intelligence
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Locations
Helsinki
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Employees
1 to 10
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Business Model
B2B
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Investors
Superhero Capital
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Contact
•••••@zenniz.com
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21We create premium custom editing consoles for Creative and Live Streaming verticals.
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Latest Funding
$2.4 Million
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Industries
Gaming, Hardware, Manufacturing
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Locations
Helsinki
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Employees
11 to 50
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Business Model
B2B
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Contact
•••••@loupedeck.com
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21At Revonte we create the first software driven e-bike platform for building the best e-bikes.
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Industries
Hardware, Mobility & Transportation, Manufacturing, Ecommerce
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Locations
Tampere
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Employees
11 to 50
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Business Model
B2B, B2C
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Investors
Maki.vc
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Contact
•••••@revonte.com
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21Tosibox offers a Scalable, Easy and Fast Remote Access Infrastructure
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Latest Funding
$5.9 Million
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Industries
Hardware
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Locations
Oulu
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Employees
11 to 50
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Business Model
B2B
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Investors
Nexit Ventures
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Contact
•••••@tosibox.com
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20ElFys is an Ultraviolet sensitive photodiodes.
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Latest Funding
$3.5 Million · Seed
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Industries
Health Tech, Hardware
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Locations
Espoo
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Employees
1 to 10
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Contact
•••••@elfys.fi
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18Medical device company focused on cartilage repair
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Latest Funding
$840 Thousand · Seed
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Industries
Health Tech, Hardware, Manufacturing
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Locations
Helsinki
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Employees
1 to 10
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Business Model
B2B
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Contact
•••••@askelhealthcare.com
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18Parking Energy provides an electric car charging system for real estate properties.
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Latest Funding
$1.1 Million
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Industries
Climate Tech & Green Tech, Hardware, Proptech & Real Estate, Mobility & Transportation, Energy & Nuclear, Manufacturing, Electric Vehicles
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Locations
Helsinki
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Employees
11 to 50
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Business Model
B2B
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Contact
•••••@parkingenergy.com
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18Skand is a Nordic designer and producer of light electric vehicles that are suitable for all year round usage.
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Latest Funding
$1 Million
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Industries
Climate Tech & Green Tech, Hardware, Mobility & Transportation, Manufacturing, Electric Vehicles
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Locations
Helsinki
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Employees
11 to 50
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Business Model
B2B
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Contact
•••••@skandelectric.com
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17Better days for people with Parkinson’s disease.
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Latest Funding
$2.3 Million · Seed
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Industries
Health Tech, Hardware, Business Intelligence
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Locations
Kuopio
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
Voima Ventures
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Contact
•••••@adamanthealth.com
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17Brinter is a revolutionary modular 3D bioprinter for global markets.
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Latest Funding
$1.5 Million · Seed
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Industries
Health Tech, Hardware, Biotech, Deep Tech, Pharma, Manufacturing
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Locations
Turku
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Employees
1 to 10
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Business Model
B2B
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Investors
Innovestor Ventures
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Contact
•••••@brinter.com
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17Finnadvance has developed microfluidic devices for in-vitro microvascular network generation.
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Latest Funding
$1.3 Million · Seed
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Industries
Health Tech, Hardware, Biotech, Deep Tech, Manufacturing
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Locations
Oulu
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Employees
1 to 10
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Business Model
B2B
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Investors
Icebreaker, Voima Ventures
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Contact
•••••@finnadvance.fi
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17Nucu aims to help caregivers provide babies with positive stimulation and developmental sleep during the crucial of life and development.
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Latest Funding
$930 Thousand · Seed
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Industries
Health Tech, Hardware, Manufacturing
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Locations
Oulu
- Employees
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Business Model
B2B, B2C
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Investors
Voima Ventures
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Contact
•••••@nucubaby.com
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17Nukute designs, patents, and markets medical devices and services related to sleeping disorders.
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Latest Funding
$5 Million · Series A
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Industries
Health Tech, Hardware, Manufacturing, Wearables
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Locations
Oulu
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Employees
11 to 50
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Business Model
B2B, B2C
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Contact
•••••@nukute.com
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17PS Audio Design is an expert in audio, acoustics & haptics, with decades of experience in the field of audio design.
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Latest Funding
$1.1 Million
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Industries
Hardware, Manufacturing
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Locations
Oulu
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Employees
1 to 10
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Business Model
B2B
-
Investors
Innovestor Ventures
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Contact
•••••@psaudiodesign.com
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15Service Automatics produce self-service products for car rental, car maintenance, property key management and food smart vending industries.
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Industries
Hardware, Manufacturing
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Locations
Helsinki
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Employees
1 to 10
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Business Model
B2B
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Contact
•••••@serviceautomatics.com
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14Injeq is the smartest needle around – based on pioneering tissue identification technology.
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Latest Funding
$2.4 Million
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Industries
Health Tech, Hardware, Manufacturing
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Locations
Tampere
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Employees
1 to 10
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Business Model
B2B
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Contact
•••••@injeq.com
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12Digital Workforce is a service provider specializing in intelligent process automation services.
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Industries
Hardware
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Locations
Helsinki
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Employees
101 to 250
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Contact
•••••@digitalworkforce.com
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12Everywear Games is world\'s leading wearable games company.
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Industries
Gaming, Hardware
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Locations
Helsinki
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Employees
11 to 50
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Contact
•••••@everyweargames.com
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12Futurefly is a social AR and 3D studio, built up of veterans from the gaming scene & computer vision specialists.
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Industries
Gaming, Hardware
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Locations
Helsinki
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Employees
11 to 50
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Contact
•••••@futurefly.net
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12Glue Collaboration is a Helsinki-based company developing remote collaboration tools for AR/VR.
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Industries
Hardware, AR / VR
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Locations
Helsinki
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Employees
11 to 50
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Contact
•••••@glue.work
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12HMD designs and manufactures mobile phones.
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Industries
Hardware, Manufacturing, Creative Tools
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Locations
Helsinki
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Employees
501 to 1000
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Contact
•••••@hmdglobal.com
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12Jolla is an independent designer and developer for mobile devices and open Sailfish OS.
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Industries
Hardware, Mobile
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Locations
Helsinki
-
Employees
101 to 250
-
Contact
•••••@jolla.com
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12Sayduck is a 3D and Augmented Reality visualisation platform. Our photorealistic 3D models show you exactly what products look like.
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Industries
Hardware, Mobile
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Locations
Helsinki
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Employees
11 to 50
-
Contact
•••••@sayduck.com
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12Haptic interface technology company
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Industries
Hardware
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Locations
Helsinki
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Employees
11 to 50
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Contact
•••••@senseg.com
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12Tespack is a company specialized in the future of wearables, focusing on the most important part of technology: energy generation on-the-go.
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Industries
Hardware, Energy & Nuclear
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Locations
Helsinki
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Employees
1 to 10
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Contact
•••••@tespack.com
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12VividWorks. offers innovative online 3D design-to-purchase SaaS platform solutions to the global market. We provide instantly
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Industries
Hardware, Creative Tools
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Locations
Helsinki
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Employees
51 to 100
-
Contact
•••••@vividworks.com
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10Arctic Farming is a AgriTech startup.
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Latest Funding
$160 Thousand · Pre Seed
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Industries
Climate Tech & Green Tech, Agritech, Foodtech, Hardware, CPG & Consumer Goods
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Locations
Espoo
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Employees
1 to 10
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Business Model
B2B
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Contact
•••••@arcticfarming.fi
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10Xiphera is a designing hardware-based security solutions using standardised cryptographic algorithms.
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Latest Funding
$510 Thousand · Seed
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Industries
Hardware, Cybersecurity, Privacy and Security
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Locations
Espoo
- Employees
-
Business Model
B2B
-
Contact
•••••@xiphera.com
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7Enhancell is a software company creating new and innovative tools for wireless network testing needs.
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Industries
Hardware, Manufacturing, Developer Tools, Communications
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Locations
Oulu
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Employees
11 to 50
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Business Model
B2B, SAAS
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Contact
•••••@enhancell.com
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7A professional services company that creates new value and opportunities for businesses in eMobility
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Industries
Climate Tech & Green Tech, Hardware, Mobility & Transportation, Energy & Nuclear, Ecommerce, Communications, Electric Vehicles
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Locations
Tampere
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Employees
251 to 500
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Business Model
B2B, B2C
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Contact
•••••@evaglobal.com
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7Minima Processors technology enables energy efficiency improvement of up to 20x in digital processors compared to legacy solutions.
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Industries
Hardware, Energy & Nuclear, Manufacturing, Semiconductor
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Locations
Oulu
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Employees
11 to 50
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Business Model
B2B
-
Contact
•••••@minimaprocessor.com
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4IQM builds scalable hardware for universal quantum computers, focusing on superconducting technology.
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Industries
Hardware, Creative Tools
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Locations
Espoo
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Employees
11 to 50
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Contact
•••••@meetiqm.com
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4The pioneers of gaming surrogacy.
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Industries
Gaming, Hardware
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Locations
Espoo
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Employees
11 to 50
-
Contact
•••••@surrogate.tv
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