108 Best Finland Manufacturing Startups to Watch in 2023 | Seedtable

108 Manufacturing Startups in Finland to Watch in 2023

Finland's Manufacturing sector is booming. This year’s list of the best 108 Finland Manufacturing startups is an eclectic mix of hyper-growth scaleups, small creative startups and everything in between.

The last update was made on March 19, 2023.

Curated by @gonsanchezs

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Iceye

ICEYE operates a synthetic-aperture radar satellite constellation designed to deliver monitoring capabilities for any location on earth.

Espoo   251 to 500   $310 Million   $87 Million  

True Ventures   Molten Ventures  

B2B  

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Carbo Culture

Carbo Culture is a Nordic-American carbon tech startup that removes carbon from the atmosphere.

Helsinki   1 to 10   $7.1 Million   $6.2 Million  

True Ventures   Cherry Ventures   Lifeline Ventures  

B2B  

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Ilmatar

Ilmatar is a project-oriented integrator in the field of renewable energy production.

Helsinki   11 to 50   $240 Million   $240 Million  

B2B  

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Varjo

Varjo makes advanced VR/XR hardware and software for industrial use, paving the way for a true-to-life metaverse.

Helsinki   101 to 250   $120 Million  

Atomico   EQT Ventures   NordicNinja VC   Lifeline Ventures  

B2B  

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Sulapac

Sulapac brings solutions to the global plastic waste problem with biodegradable packaging innovation.

Helsinki   11 to 50   $21 Million   $17 Million  

Lifeline Ventures   Bonnier Ventures  

B2B  

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Huuva

The platform powering virtual restaurants.

Helsinki   11 to 50   $6.4 Million   $1.2 Million  

General Catalyst   Lifeline Ventures  

B2B   SAAS   MARKETPLACE  

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Valpas

The most hygiene and safe experiences in temporary living, safe from bed bugs. Deep tech startup based in Helsinki, Finland.

Helsinki   1 to 10   $2.3 Million   $1.8 Million  

Icebreaker   Maki.vc  

B2B  

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Canatu

Canatu develops and manufactures innovative 3D formable and stretchable films and sensors for 3D touch surfaces and heater solutions.

Helsinki   51 to 100   $70 Million   $17 Million  

B2B  

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Ductor

Ductor is a provider of proprietary technologies designed to secure efficient waste management production based on recycling.

Helsinki   11 to 50   $35 Million   $33 Million  

B2B  

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P2X Solutions

P2X Solutions is a producer of green hydrogen and a pioneer in power-to-x technology.

Helsinki   1 to 10   $17 Million   $2.4 Million  

Lifeline Ventures  

B2B  

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Beneq

Beneq supplies equipment for thin film ALD and aerosol coatings and manufactures thin film electroluminescent (TFEL) displays.

Helsinki   51 to 100   $49 Million   $22 Million  

B2B  

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Canatu

Canatu develops and manufactures innovative 3D formable and stretchable films and sensors for 3D touch surfaces and heater solutions.

Helsinki   51 to 100   $70 Million   $17 Million  

B2B  

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Haltian

Haltian provides product development services and commercial Internet of Things solutions.

Oulu   51 to 100   $23 Million   $10 Million  

Inventure  

B2B  

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ZirooPay

ZirooPay is a maker of a mobile card reader that allows small businesses to accept card payments anywhere they operate.

Espoo   1 to 10   $12 Million   $11 Million  

Inventure  

B2B  

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Wirepas

No bullshit. Just enterprise IoT as it should be. Connecting millions of devices. Failure-free. No infrastructure. No middlemen.

Tampere   11 to 50   $35 Million   $16 Million  

Inventure   Karma Venture   ETF Partners  

B2B   SAAS  

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Dispelix

Dispelix simply removes the challenges that the product designers have been trying to hide for years.

Espoo   11 to 50   $16 Million   $12 Million  

Lifeline Ventures   VTT Ventures   Atlantic Bridge  

B2B   B2C  

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TactoTek

TactoTek manufactures 3D structural electronics by integrating printed circuitry and electronic components into injection-molded plastics.

Oulu   51 to 100   $96 Million   $25 Million  

B2B  

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Aeromon

Airborne emission monitoring, Cost-effective point-of-source aerial analyzing service.

Helsinki     $5.1 Million   $2.6 Million  

B2B  

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Spinnova

Spinnova is a textile manufacturer that uses wood and waste without the use of harmful chemicals.

Jyväskylä   51 to 100   $22 Million   $12 Million  

Maki.vc  

B2B  

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Magsort

We can recover all the metal in slag and turn it into valuable sellable commodities

Helsinki     $15 Million   $6 Million  

B2B  

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Quuppa

Quuppa is a technology platform that provides intelligent real time locating services and applications.

Espoo   51 to 100   $24 Million   $24 Million  

B2B   SAAS  

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Droppe

One-stop shop for all your wholesale.

Helsinki   1 to 10   $2.5 Million   $2.5 Million  

Lifeline Ventures  

B2B   MARKETPLACE  

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Green Planet Astronauts

Green Planet Astronauts manufacture organic ingredients for children.

Helsinki   1 to 10   $1.5 Million   $360 Thousand  

Atomico  

B2B   B2C  

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Onego Bio

Onego Bio is a smart protein is a piece of cake.

Espoo   1 to 10   $16 Million   $11 Million  

Maki.vc  

B2B  

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Rokote Laboratories

Finnish academic spin-out working to develop and introduce to the markets a nasal spray vaccine against COVID

Helsinki   11 to 50   $11 Million   $4.2 Million  

B2B  

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Picosun

Picosun is a manufacturer of atomic layer deposition reactors for micro and nanotechnology applications.

Espoo   51 to 100   $21 Million   $14 Million  

First Fellow Partners  

B2B  

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Pixieray

Pixieray modernizes traditional eyeglass optics by introducing a pioneering adaptive solution giving anyone perfect vision

Espoo   1 to 10   $4.4 Million   $4.4 Million  

Maki.vc   Firstminute Capital   First Fellow Partners  

B2B  

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Logmore

Logmore improves logistics quality control by QR data loggers and a connected cloud platform.

Jyväskylä   51 to 100   $4.9 Million   $4.9 Million  

Icebreaker   NordicNinja VC  

B2B  

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Picosun

Picosun is a manufacturer of atomic layer deposition reactors for micro and nanotechnology applications.

Espoo   51 to 100   $21 Million   $14 Million  

First Fellow Partners  

B2B  

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Endev

Endev is running a sports media business.

Helsinki   1 to 10   $4.7 Million   $4.7 Million  

B2B  

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Parking Energy

Parking Energy provides an electric car charging system for real estate properties.

Helsinki   11 to 50   $6.8 Million   $1.1 Million  

B2B  

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Alvar Pet

Alvar Pet's mission is to minimize the carbon pawprint of dogs

Helsinki   11 to 50   $4.1 Million   $540 Thousand  

Maki.vc  

B2C  

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Woodio

Woodio is a digital designing agency.

Helsinki   1 to 10   $4.4 Million   $4.5 Million  

B2B  

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HMD

HMD designs and manufactures mobile phones.

Helsinki   501 to 1000   $330 Million  

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LoupeDeck

We create premium custom editing consoles for Creative and Live Streaming verticals.

Helsinki   11 to 50   $15 Million   $1.7 Million  

B2B  

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Nordtreat

Nordtreat is a chemicals company, specialising in environmentally friendly flame retardants.

Helsinki   11 to 50   $6.8 Million   $1.4 Million  

B2B  

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Nordtreat

Nordtreat is a chemicals company, specialising in environmentally friendly flame retardants.

Helsinki   11 to 50   $6.8 Million   $1.4 Million  

B2B  

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Cactos

Cactos smart energy storage systems secure critical power supply locally and allow for efficient utilisation of renewable energy globally.

Helsinki   1 to 10   $0   $2.6 Million  

Superhero Capital  

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OceanVolt

Oceanvolt produces silent, lightweight, reliable and easy to use electric motor systems for boats that are easy to install and maintain.

Helsinki   11 to 50   $2.8 Million   $2.3 Million  

B2B  

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Infinited Fiber Company

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

Espoo   11 to 50   $3.7 Million   $4.2 Million  

Nidoco   VTT Ventures  

B2B  

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Newicon

New Icon manufactures automation solutions for hospitals and pharmacies with technology that relies on robotics and the Internet of Things.

Kuopio   51 to 100   $12 Million   $5.6 Million  

B2B  

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Newicon

New Icon manufactures automation solutions for hospitals and pharmacies with technology that relies on robotics and the Internet of Things.

Kuopio   51 to 100   $12 Million   $5.6 Million  

B2B  

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Skyfora

Skyfora combines scientific understanding of tropical storms with computer vision, machine learning and IoT technologies.

Helsinki     $0   $710 Thousand  

Icebreaker   Voima Ventures  

B2B   SAAS  

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Skand

Skand is a Nordic designer and producer of light electric vehicles that are suitable for all year round usage.

Helsinki   11 to 50   $2.2 Million   $1 Million  

B2B  

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Elias Robot

ELIAS ROBOT is an EdTech and media company that develops voice-powered applications for educational use

Helsinki   1 to 10   $400 Thousand   $100 Thousand  

B2C   FREEMIUM   SAAS  

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iFarm

Data-driven technologies, software and solutions for automated vertical farms

Helsinki   101 to 250   $4 Million   $1 Million  

B2B  

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Innomost

Innomost develops ingredients for the cosmetics and personal care industry, based on the ethically produced raw material: Finnish wood.

Helsinki     $5.9 Million  

Innovestor Ventures  

B2B  

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Hyperion Robotics

Making industrial construction automated and sustainable and Concrete 3D Printing

Espoo   11 to 50   $3.5 Million   $460 Thousand  

Lifeline Ventures   Katapult Accelerator  

B2B  

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Hyperion Robotics

Making industrial construction automated and sustainable and Concrete 3D Printing

Espoo   11 to 50   $3.5 Million   $460 Thousand  

Lifeline Ventures   Katapult Accelerator  

B2B  

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Hyperion Robotics

Making industrial construction automated and sustainable and Concrete 3D Printing

Espoo   11 to 50   $3.5 Million   $460 Thousand  

Lifeline Ventures   Katapult Accelerator  

B2B  

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Askel Healthcare

Medical device company focused on cartilage repair

Helsinki   1 to 10   $4.3 Million   $840 Thousand  

B2B  

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3DBear

3DBear is a Finnish high-technology startup

Helsinki   1 to 10   $4.6 Million   $1.8 Million  

B2B  

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Foodiq

Foodiq is a one-of-a-kind food manufacturer that can both develop and manufacture plant-based products.

Helsinki   11 to 50   $14 Million  

B2B   B2C  

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Vapaus

Urban and environmentally friendly rides as a service for your business.

Helsinki   11 to 50   $3.7 Million   $300 Thousand  

Superhero Capital  

B2B   B2C  

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Combinostics

Combinostics is a software tools for diagnostics support.

Tampere   11 to 50   $4.8 Million   $4.3 Million  

NordicNinja VC   Industrifonden  

B2B   SAAS  

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Timegate Instruments

TimeGate Instruments is a first tech company worldwide to commercialize Timegated® Raman technology.

Oulu   1 to 10   $55 Thousand   $3 Million  

Lifeline Ventures  

B2B  

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Cerenion

Cerenion is a medical device company that has developed a software for monitoring of brain function in intensive care.

Oulu   1 to 10   $2.8 Million   $2.2 Million  

Icebreaker  

B2B  

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Papu Design

Papu Design is a young and fast growing childrenswear and lifestyle brand.

Helsinki   11 to 50   $560 Thousand   $560 Thousand  

B2C  

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YSUB

Hemp infused zen drink that helps unwind and focus

Helsinki   1 to 10   $300 Thousand   $300 Thousand  

B2B   B2C  

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Ori Solution

Ori Solution is a clean energy company that revolutionizes the conversion of kinetic fluid and gas energy to electrical energy.

Helsinki   1 to 10   $340 Thousand   $260 Thousand  

B2B  

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Lovia

Lovia is a sustainable brand that creates artisan made accessories of high-quality leftover materials with 100 % transparency.

Helsinki   1 to 10   $690 Thousand   $96 Thousand  

B2C  

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Epic Foods

Epic Foods is a Nordic food delivery company, running it's own kitchen network.

Helsinki   11 to 50   $1.8 Million  

Forward VC  

B2C  

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ZenRobotics

ZenRobotics is a supplier of intelligent sorting robots for the waste industry.

Helsinki   51 to 100   $19 Million  

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Maculaser

TEMPERATURE CONTROLLED LASER THERAPY

Helsinki   1 to 10   $1.2 Million   $1.5 Million  

Innovestor Ventures  

B2B  

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Uute Scientific Oy

Uute Scientific Oy offers its products available to families with young children through several standard consumer products.

Helsinki   1 to 10   $1.6 Million   $280 Thousand  

B2B   B2C  

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Origin by Ocean

About us Origin by Ocean harvests and processes sea and ocean grown biomass such as algae, bladder wrack and kelp.

Espoo   1 to 10   $2.2 Million   $2.2 Million  

B2B  

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9Solutions

9Solutions provides unique customer benefits by combining real time awareness, personal safety solutions.

Oulu   11 to 50   $0   $1.9 Million  

Innovestor Ventures  

B2B  

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Algorithmiq

Algorithmiq develops algorithms to solve currently inaccessible problems in life sciences.

Turku   1 to 10   $4 Million   $4 Million  

B2B   SAAS  

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Forciot

Forciot provides high-quality sensor-based IOT solutions and provide related integration services.

Tampere   11 to 50   $4.6 Million   $4.6 Million  

B2B  

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Nukute

Nukute designs, patents, and markets medical devices and services related to sleeping disorders.

Oulu   11 to 50   $7.2 Million   $510 Thousand  

B2B   B2C  

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Paptic

Paptic is manufacturing company.

Espoo   1 to 10   $10 Million   $1.1 Million  

B2B  

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Sofi Filtration

Sofi Filtration is a Finnish provider of innovative industrial water filtration technology.

Espoo   1 to 10   $3.6 Million   $3.5 Million  

Voima Ventures  

B2B  

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Aisti

AISTI develops wood fiber-based acoustic tiles that are carbon negative, easy to recycle and plastic-free.

Jyväskylä     $1.7 Million   $1.7 Million  

Maki.vc  

B2B  

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Revonte

At Revonte we create the first software driven e-bike platform for building the best e-bikes.

Tampere   11 to 50   $2.9 Million   $460 Thousand  

Maki.vc  

B2B   B2C  

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Zenniz

Zenniz is an ITF approved game tracking solution that provides real-time information.

Helsinki   1 to 10   $0  

Superhero Capital  

B2B  

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Service Automatics

Service Automatics produce self-service products for car rental, car maintenance, property key management and food smart vending industries.

Helsinki   1 to 10   $320 Thousand  

B2B  

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Grib

Grib aims to democratize 3D content creation. Create and design in 3D within minutes.

Helsinki   1 to 10   $0  

B2B   SAAS  

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SimAnalytics

SimAnalytics is a Business Software company.

Helsinki   1 to 10   $0  

B2B   SAAS  

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Aisti

AISTI develops wood fiber-based acoustic tiles that are carbon negative, easy to recycle and plastic-free.

Jyväskylä     $1.7 Million   $1.7 Million  

Maki.vc  

B2B  

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Treon

Treon designs, produces, markets and sells intelligent wirelessly connected hardware products and solutions for multiple industries

Tampere   11 to 50   $1.1 Million   $1.1 Million  

Ventech  

B2B  

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Injeq

Injeq is the smartest needle around – based on pioneering tissue identification technology.

Tampere   1 to 10   $2.4 Million   $1.9 Million  

B2B  

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Minima Processor

Minima Processors technology enables energy efficiency improvement of up to 20x in digital processors compared to legacy solutions.

Oulu   11 to 50   $9.9 Million  

B2B  

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CollectiveCrunch

CollectiveCrunch is a leader in AI for the forestry industry. We bring a step-change to prediction of forest inventories and carbon capture.

Espoo   11 to 50   $4.3 Million   $680 Thousand  

Nidoco  

B2B   SAAS  

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Entis

Entis is an insect food brand that makes food products that offer an alternative source of protein for insects.

Turku   1 to 10   $670 Thousand   $440 Thousand  

Maki.vc  

B2B  

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FinnAdvance

Finnadvance has developed microfluidic devices for in-vitro microvascular network generation.

Oulu   1 to 10   $1.9 Million   $600 Thousand  

Icebreaker   Voima Ventures  

B2B  

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Nucu

Nucu aims to help caregivers provide babies with positive stimulation and developmental sleep during the crucial of life and development.

Oulu     $950 Thousand   $930 Thousand  

Voima Ventures  

B2B   B2C  

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Luxmet

Luxmet is a developer of solutions offering high temperature process monitoring and control systems .

Oulu   1 to 10   $890 Thousand   $890 Thousand  

Innovestor Ventures  

B2B   SAAS  

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PS Audio Design

PS Audio Design is an expert in audio, acoustics & haptics, with decades of experience in the field of audio design.

Oulu   1 to 10   $0   $1.1 Million  

Innovestor Ventures  

B2B  

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Luxmet

Luxmet is a developer of solutions offering high temperature process monitoring and control systems .

Oulu   1 to 10   $890 Thousand   $890 Thousand  

Innovestor Ventures  

B2B   SAAS  

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ReFaMo

ReFaMo provides a unique approach to solve the issues related to fatigue structural health monitoring.

Espoo   1 to 10   $58 Thousand   $180 Thousand  

B2B   SAAS  

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Hypermemo

Hypermemo is a GLAZER technology company.

Joensuu   1 to 10   $1.4 Million   $230 Thousand  

B2B  

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Hypermemo

Hypermemo is a GLAZER technology company.

Joensuu   1 to 10   $1.4 Million   $230 Thousand  

B2B  

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Solar Water Solutions

Solar Water Solutions provides sustainable and economically efficient small-scale water purification products.

Espoo   11 to 50   $1.4 Million   $1.4 Million  

B2B  

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Soletair Power

Soletair Power develops modular direct air capture systems to capture carbon dioxide from the air utilizing buildings' ventilation systems.

Lappeenranta   11 to 50   $1.8 Million   $570 Thousand  

B2B  

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StemSight

StemSight is a cell therapy startup developing novel treatments for blindness operating in Tampere, Finland.

Tampere     $590 Thousand   $590 Thousand  

Voima Ventures  

B2B  

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CooliBlade

CooliBlade is extremely efficient cooling solution for high power electronics.

Oulu   1 to 10   $850 Thousand   $840 Thousand  

B2B  

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Comptek Solutions

Passivation Technology licensing for III-V compound semiconductors.

Turku   11 to 50   $2.1 Million  

B2B  

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Comptek Solutions

Passivation Technology licensing for III-V compound semiconductors.

Turku   11 to 50   $2.1 Million  

B2B  

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Yield Systems

Next-generation AI powered by minimal real-life data

Espoo   1 to 10   $710 Thousand   $690 Thousand  

Innovestor Ventures  

B2B   SAAS  

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Brinter

Brinter is a revolutionary modular 3D bioprinter for global markets.

Turku   1 to 10   $1.5 Million   $1.5 Million  

Innovestor Ventures  

B2B  

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3AWater

3AWater is building technology helping reduce the risk of environmental damage in mining,

Kuopio   1 to 10   $110 Thousand   $110 Thousand  

B2B  

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eniferBio

Sustainably produced protein is one of the most important aims for the future food production.

Espoo   1 to 10   $1.2 Million   $1.2 Million  

Voima Ventures   Nordic Foodtech VC  

B2B  

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Helmee Imaging

Helmee Imaging is a online sorting and quality inspection unit that gives you full control over your quality

Tampere     $0  

Voima Ventures   Innovestor Ventures  

B2B  

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Statzon

Statzon is the easiest and fastest way to access global industry and technology data and insights.

Lahti   1 to 10   $690 Thousand  

B2B   SAAS  

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SpinDrive

SpinDrive creates customized levitation technology pushing energy efficiency to the maximum level and promoting oil-free solutions.

Lappeenranta   1 to 10   $1.9 Million  

Innovestor Ventures  

B2B  

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Enhancell

Enhancell is a software company creating new and innovative tools for wireless network testing needs.

Oulu   11 to 50   $0  

B2B   SAAS  

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Quanscient

Simulation-as-a-Service platform helping to get your product to the market faster.

Tampere   1 to 10   $0  

First Fellow Partners  

B2B   SAAS  

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Helmee Imaging

Helmee Imaging is a online sorting and quality inspection unit that gives you full control over your quality

Tampere     $0  

Voima Ventures   Innovestor Ventures  

B2B  

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