54 Hardware Startups in Finland to Watch in 2023
Finland's Hardware sector is booming. This year’s list of the best 54 Finland Hardware startups is an eclectic mix of hyper-growth scaleups, small creative startups and everything in between.
Last update: May 20, 2023
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Aiven is a technology-driven company that enables businesses to manage an open-source data infrastructure in the cloud.
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Latest Funding
$8.9 Million · Series A
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Employees
251 to 500
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Investors
Atomico, Atomico, Atomico, Eurazeo, Earlybird Venture Capital, Earlybird Venture Capital, Earlybird Venture Capital, Earlybird Venture Capital, Lifeline Ventures, Lifeline Ventures, First Fellow Partners, First Fellow Partners
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Business Model
SAAS
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Industries
Hardware
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Locations
Helsinki
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Contact
•••••@aiven.io
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Featured
Swappie is a end-to-end online marketplace for buying and selling refurbished smartphones.
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Latest Funding
$5 Million
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Employees
101 to 250
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Investors
Inventure, Inventure, Inventure, 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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Featured
ICEYE operates a synthetic-aperture radar satellite constellation designed to deliver monitoring capabilities for any location on ea...
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Latest Funding
$87 Million · Series C
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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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Full list of Hardware startups in Finland
Naava is a smart and active green wall that revolutionizes the air being breathe.
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Latest Funding
$8 Million
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Industries
Climate Tech & Green Tech, Health Tech, Hardware, Energy & Nuclear
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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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Investors
Nidoco
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Contact
•••••@naava.io
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Varjo makes advanced VR/XR hardware and software for industrial use, paving the way for a true-to-life metaverse.
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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
Atomico, EQT Ventures, Lifeline Ventures, NordicNinja VC
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Contact
•••••@varjo.com
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Dispelix simply removes the challenges that the product designers have been trying to hide for years.
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Latest Funding
$12 Million · Series A
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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
Lifeline Ventures, Atlantic Bridge, VTT Ventures
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Contact
•••••@dispelix.com
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Haltian provides product development services and commercial Internet of Things solutions.
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Latest Funding
$10 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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No bullshit. Just enterprise IoT as it should be. Connecting millions of devices. Failure-free. No infrastructure. No middlemen.
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Latest Funding
$16 Million · Series B
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Industries
Hardware, Manufacturing, Internet of Things
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Locations
Tampere
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
Inventure, ETF Partners, Karma Venture
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Contact
•••••@wirepas.com
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Canatu develops and manufactures innovative 3D formable and stretchable films and sensors for 3D touch surfaces and heater solutions.
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Latest Funding
$17 Million · Series E
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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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ZirooPay 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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The 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
Icebreaker, Maki.vc
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Contact
•••••@valpashotels.com
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Causalus 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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API-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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Quuppa 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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Skyfora 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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Cerenion 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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Logmore 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
Icebreaker, NordicNinja VC
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Contact
•••••@logmore.com
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Pixieray 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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Sofi 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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HMD 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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We create premium custom editing consoles for Creative and Live Streaming verticals.
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Latest Funding
$1.7 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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Parking 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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Zenniz 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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Medical 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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Jolla 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
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Employees
101 to 250
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Contact
•••••@jolla.com
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At Revonte we create the first software driven e-bike platform for building the best e-bikes.
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Latest Funding
$460 Thousand · Pre Seed
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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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Skand 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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ElFys 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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Digital 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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Everywear 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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Haptic 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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Better days for people with Parkinson’s disease.
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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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Brinter 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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Finnadvance has developed microfluidic devices for in-vitro microvascular network generation.
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Latest Funding
$600 Thousand · 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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Nucu 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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Nukute designs, patents, and markets medical devices and services related to sleeping disorders.
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Latest Funding
$510 Thousand · Pre Seed
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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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PS 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
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Investors
Innovestor Ventures
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Contact
•••••@psaudiodesign.com
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Treon designs, produces, markets and sells intelligent wirelessly connected hardware products and solutions for multiple industries
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Latest Funding
$1.1 Million · Seed
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Industries
Hardware, Mobile, Manufacturing, Productivity Tools, Future of Work, Wearables
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Locations
Tampere
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Employees
11 to 50
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Business Model
B2B
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Investors
Ventech
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Contact
•••••@treon.fi
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Futurefly 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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Glue 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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Service 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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Tespack 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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Injeq is the smartest needle around – based on pioneering tissue identification technology.
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Latest Funding
$1.9 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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Minima 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
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Contact
•••••@minimaprocessor.com
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Tosibox offers a Scalable, Easy and Fast Remote Access Infrastructure
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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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Xiphera 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
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Business Model
B2B
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Contact
•••••@xiphera.com
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Sayduck 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
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Contact
•••••@sayduck.com
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SpinDrive creates customized levitation technology pushing energy efficiency to the maximum level and promoting oil-free solutions.
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Industries
Climate Tech & Green Tech, Hardware, Energy & Nuclear, Manufacturing
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Locations
Lappeenranta
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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
•••••@spindrive.fi
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VividWorks. 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
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Contact
•••••@vividworks.com
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Arctic 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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IQM 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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Enhancell 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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A 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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The 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
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Contact
•••••@surrogate.tv
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