69 Espoo Startups to Watch (and Work for) in 2023
The Espoo tech sector in Europe booming. In 2022, Espoo raised $240 Million in capital (after raising $150 Million in 2021). Whether you're an experienced investor, a determined founder, or a resourceful operator this year's list of top 69 tech startups is worth exploring. It includes companies of various sizes, ranging from those experiencing rapid growth to smaller, creative startups.
Last update: September 12, 2023
Featured companies in Espoo
Get access to the Seedtable database with +15,000 companies (73 from Espoo)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
$140 Million · Series D
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Employees
251 to 500
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Investors
Molten 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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Featured
SpaceMaker offers a modular software solution, based on per-box consumer logistics and storage needs.
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Latest Funding
$25 Million
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Employees
1 to 10
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Investors
Northzone, Atomico
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Business Model
B2B, SAAS
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Industries
Proptech & Real Estate, Supply Chain & Logistics
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Locations
Espoo
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Contact
•••••@spacemakercorp.com
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Featured
Upcycled mycoprotein powder producer.
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Latest Funding
$12 Million · Series A
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Employees
1 to 10
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Investors
Aqua Spark, Nordic Foodtech VC, Voima Ventures
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Business Model
B2B
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Industries
Health Tech, Agritech, Foodtech, Biotech, Deep Tech, Manufacturing
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Locations
Espoo
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Contact
•••••@eniferbio.fi
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List of 69 top tech companies in Espoo
Get access to the Seedtable database with +15k companies (73 from Espoo)Paptic is manufacturing company.
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Latest Funding
$25 Million · Series A
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Industries
Climate Tech & Green Tech, Energy & Nuclear, Manufacturing, Supply Chain & Logistics
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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
European Circular Bioeconomy Fund (ECBF), Ecolab
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Contact
•••••@paptic.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
$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
Atlantic Bridge, Lifeline Ventures, VTT Ventures
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Contact
•••••@dispelix.com
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Algae-based alternative to chemicals.
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Latest Funding
$3.3 Million · Seed
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Industries
Climate Tech & Green Tech, Biotech, 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
•••••@originbyocean.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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Picosun is a manufacturer of atomic layer deposition reactors for micro and nanotechnology applications.
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Latest Funding
$14 Million
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Industries
Robotics, Manufacturing
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Locations
Espoo
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Employees
51 to 100
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Business Model
B2B
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Investors
First Fellow Partners
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Contact
•••••@picosun.com
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Infinited Fiber technology brings enormous social, environmental and economical impact to the textile value chain and everybody’s wardrobe.
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Industries
Fashion, Manufacturing, Creative Tools
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Locations
Espoo
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Employees
11 to 50
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Business Model
B2B
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Investors
Nidoco, VTT Ventures
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Contact
•••••@infinitedfiber.com
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Onego Bio is a smart protein is a piece of cake.
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Latest Funding
$11 Million · Seed
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Industries
Foodtech, Biotech, 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
Maki.vc
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Contact
•••••@onego.bio
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Sensible 4 is an autonomous driving software company that develops self-driving vehicles for all-year round use.
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Latest Funding
$7 Million · Series A
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Industries
AI, Deep Tech, Machine Learning, Music and Audio, Data and Analytics, Mobility & Transportation
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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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Investors
NordicNinja VC, Metaplanet Holdings
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Contact
•••••@sensible4.fi
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Cybersecurity training platform for employees.
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Latest Funding
$2.7 Million · Series A
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Industries
Cybersecurity, Privacy and Security
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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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Investors
Dawn Capital, First Fellow Partners, Icebreaker
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Contact
•••••@hoxhunt.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
-
Contact
•••••@quuppa.com
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Platform to predict forest inventories and carbon capture.
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Latest Funding
$1.5 Million · Seed
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Industries
Climate Tech & Green Tech, Agritech, AI, Data and Analytics, Energy & Nuclear, Manufacturing
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Locations
Espoo
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
Nidoco
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Contact
•••••@collectivecrunch.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, First Fellow Partners, Maki.vc
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Contact
•••••@pixieray.com
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Digital platform to increase infrastructure construction productivity.
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Latest Funding
$6.4 Million · Series A
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Industries
Proptech & Real Estate, Sales and Marketing, Enterprise Software, Service Industry
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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
•••••@infrakit.com
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Gubbe provides preventive and rehabilitative elderly care services.
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Latest Funding
$2.1 Million · Seed
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Industries
Health Tech, ElderTech
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Locations
Espoo
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Employees
51 to 100
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Business Model
MARKETPLACE, SAAS
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Investors
Atomico, Spintop Ventures, Nidoco
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Contact
•••••@gubbe.io
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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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Smarter data for a stronger planet
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Latest Funding
$4.9 Million
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Industries
Agritech, Data and Analytics, Energy & Nuclear, Business Intelligence
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Locations
Espoo
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
VTT Ventures, Nordic Foodtech VC, Voima Ventures
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Contact
•••••@kuvaspace.com
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Medixine provides the next wave of connected care by engaging patients in their own care.
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Latest Funding
$3.4 Million
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Industries
Health Tech
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Locations
Espoo
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Employees
11 to 50
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Business Model
B2B, SAAS
-
Contact
•••••@medixine.com
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Sustainable food.
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Latest Funding
$1.9 Million · Seed
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Industries
Foodtech
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Locations
Espoo
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Employees
1 to 10
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Business Model
B2C
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Investors
Nordic Foodtech VC
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Contact
•••••@nordicumami.fi
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Making industrial construction automated and sustainable and Concrete 3D Printing
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Latest Funding
$3 Million · Seed
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Industries
Climate Tech & Green Tech, Deep Tech, Proptech & Real Estate, Energy & Nuclear, Robotics, Manufacturing
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Locations
Espoo
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Employees
11 to 50
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Business Model
B2B
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Investors
Lifeline Ventures, Katapult Accelerator
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Contact
•••••@hyperionrobotics.com
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Creating modern consumer experiences by remodelling the recreational rental industry.
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Latest Funding
$3.8 Million · Seed
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Industries
Fintech, Legal Tech, Mobility & Transportation, Payments, Ecommerce
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Locations
Espoo
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
Anthemis, Tera Ventures, Maki.vc
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Contact
•••••@rentle.io
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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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Desentum is a biotechnology company in Finland developing an allergy vaccine that harnesses the immune system.
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Latest Funding
$9.1 Million
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Industries
Health Tech, Biotech, Deep Tech, Pharma
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Locations
Espoo
-
Employees
1 to 10
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Business Model
B2B
-
Contact
•••••@desentum.fi
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Collaborative risk management software
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Latest Funding
$250 Thousand · Pre Seed
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Industries
Legal Tech, Privacy and Security
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Locations
Espoo
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
First Fellow Partners
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Contact
•••••@inclus.com
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Golf GameBook app allows you to experience golf like never before, both on and off the golf course.
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Latest Funding
$3.3 Million
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Industries
Sportstech, Mobile
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Locations
Espoo
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Employees
11 to 50
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Business Model
B2C, FREEMIUM
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Contact
•••••@golfgamebook.com
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Workfellow is a work intelligence platform to accelerate enterprise digital transformation journey.
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Latest Funding
$3.1 Million · Seed
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Industries
AI, Machine Learning, Business Intelligence, Enterprise Software
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Locations
Espoo
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
OpenOcean, Icebreaker
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Contact
•••••@workfellow.ai
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Indoor air quality and indoor climate monitoring, analysis and optimisation solution provider
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Industries
Proptech & Real Estate, Energy & Nuclear, Business Intelligence
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Locations
Espoo
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
Curiosity VC
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Contact
•••••@freesi.io
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Aivo Health is changing the way we treat chronic pain by targeting the brain to remodel neural pathways for pain relief.
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Latest Funding
$2.4 Million
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Industries
Health Tech, Media and Entertainement
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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
Maki.vc
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Contact
•••••@aivohealth.com
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Surgify develops new solutions to protect these structures and prevent associated complications. Bleeding, infections and nerve injuries.
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Latest Funding
$1.7 Million · Series C
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Industries
Health Tech
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Locations
Espoo
- Employees
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Business Model
B2B
-
Investors
Innovestor Ventures
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Contact
•••••@surgifymedical.com
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Next-generation AI powered by minimal real-life data
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Latest Funding
$690 Thousand · Seed
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Industries
Agritech, AI, Data and Analytics, Manufacturing, Business Intelligence, Developer Tools, Cloud
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Locations
Espoo
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
Innovestor Ventures
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Contact
•••••@yieldsystems.tech
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New Nordic School is transforming current systems of education.
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Latest Funding
$1.4 Million · Seed
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Industries
Edtech
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Locations
Espoo
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Employees
11 to 50
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Business Model
B2B, B2C
-
Contact
•••••@newnordic.school
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Funzi develops a mobile learning and information service with an initial focus on emerging markets.
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Latest Funding
$3.3 Million
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Industries
Edtech, Mobile, Media and Entertainement
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Locations
Espoo
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Employees
11 to 50
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Business Model
B2B, B2C
-
Contact
•••••@funzi.fi
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Flexound Systems is a young growth-hungry Finnish start-up company whose mission is to create magic sound & feel experiences.
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Industries
AR / VR, Music and Audio
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Locations
Espoo
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Employees
11 to 50
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Business Model
B2B
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Investors
NordicNinja VC
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Contact
•••••@flexound.com
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Enable Banking is a financial connectivity platform which is providing direct access to banks payments and account information APIs
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Latest Funding
$590 Thousand · Seed
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Industries
Fintech, Payments, Developer Tools
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Locations
Espoo
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
Forward VC, Wellstreet
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Contact
•••••@enablebanking.com
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Taival is a management consulting company that delivers a new type of advisory services for the new type of world.
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Latest Funding
$370 Thousand · Pre Seed
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Locations
Espoo
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Employees
11 to 50
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Business Model
B2B
-
Contact
•••••@taival.com
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ReFaMo provides a unique approach to solve the issues related to fatigue structural health monitoring.
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Latest Funding
$180 Thousand · Pre Seed
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Industries
Health Tech, Data and Analytics, Manufacturing
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Locations
Espoo
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Employees
1 to 10
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Business Model
B2B, SAAS
-
Contact
•••••@refamo.fi
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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
-
Business Model
B2B
-
Contact
•••••@xiphera.com
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Caidio provides AI-based software to improve the quality and reduce CO2 emissions of produced concrete.
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Latest Funding
$1.5 Million · Seed
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Industries
AI, Proptech & Real Estate, Machine Learning, Privacy and Security, Business Intelligence
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Locations
Espoo
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Employees
1 to 10
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Business Model
B2B, SAAS
-
Contact
•••••@caidio.io
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Solar Water Solutions provides sustainable and economically efficient small-scale water purification products.
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Latest Funding
$1.4 Million
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Industries
Climate Tech & Green Tech, Health Tech, Energy & Nuclear, Manufacturing
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Locations
Espoo
-
Employees
11 to 50
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Business Model
B2B
-
Contact
•••••@solarwatersolutions.fi
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Platform for law firms to automate their documents, reduce overheads, sell scalable services in client centric way.
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Latest Funding
$1.2 Million · Seed
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Industries
Legal Tech, CRM
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Locations
Espoo
- Employees
-
Business Model
B2B, SAAS
-
Contact
•••••@contractmill.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
-
Employees
1 to 10
-
Business Model
B2B
-
Contact
•••••@arcticfarming.fi
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Skenariolabs offers intelligent property analytics for real estate owners, asset managers, and financial institutions.
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Industries
Fintech, Proptech & Real Estate, Business Intelligence
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Locations
Espoo
-
Employees
11 to 50
-
Business Model
B2B, SAAS
-
Contact
•••••@skenariolabs.com
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X-akseli is an IT system supplier specialising in patient flow solutions for the health care sector.
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Industries
Health Tech
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Locations
Espoo
-
Employees
11 to 50
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Business Model
B2B, SAAS
-
Contact
•••••@x-akseli.fi
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Aiforsite is a company that transforms the construction industry.
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Industries
Proptech & Real Estate, Data and Analytics, Business Intelligence, CRM
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Locations
Espoo
-
Employees
1 to 10
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Business Model
B2B, SAAS
-
Contact
•••••@aiforsite.com
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Hatch is an online game streaming platform that enables users to play, watch, and share games.
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Industries
Gaming, Mobile, Media and Entertainement
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Locations
Espoo
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Employees
11 to 50
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Business Model
SAAS
-
Contact
•••••@playhatch.com
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Smoothly offers an innovative digital service for businesses and marketers to manage and delegate content creation and marketing routines.
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Industries
Sales and Marketing, CRM
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Locations
Espoo
-
Employees
51 to 100
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Business Model
B2B, SAAS
-
Contact
•••••@smoothly.fi
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Yogaia is the first live, interactive online yoga studio in the world. With Yogaia, the studio is where you are.
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Industries
Health Tech, Sportstech
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Locations
Espoo
-
Employees
11 to 50
-
Contact
•••••@yogaia.com
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Ambronite is a provider of organic drinkable meal that fulfils daily nutrition recommendations in 2 minutes.
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Industries
Climate Tech & Green Tech, Health Tech
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Locations
Espoo
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Employees
1 to 10
-
Contact
•••••@ambronite.com
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Dottli you can efficiently manage your diabetes and share your values with your peers and family.
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Industries
Health Tech
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Locations
Espoo
-
Employees
11 to 50
-
Contact
•••••@dottli.com
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Evac is the world’s leading provider of integrated waste-, wastewater-, and water management systems for the marine, offshore.
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Locations
Espoo
-
Employees
1 to 10
-
Contact
•••••@evac.com
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MightifierApp is about mastering social and emotional skills for wellbeing.
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Locations
Espoo
-
Employees
1 to 10
-
Contact
•••••@mightifier.com
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Popit improves medication adherence through smart consumer devices. We are on a mission to digitize medicine.
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Locations
Espoo
-
Employees
1 to 10
-
Contact
•••••@popit.io
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Quanturi Develops And Markets Connected Objects And Solutions For The Analysis Of Associated Data.
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Locations
Espoo
- Employees
-
Contact
•••••@quanturi.com
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Uniq Bioresearch is a biotechnology company that develops new whey protein based whey protein product and microencapsulation concepts.
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Industries
Health Tech, Deep Tech
-
Locations
Espoo
- Employees
-
Contact
•••••@uniqbioresearch.com
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VibeCatch gives you actionable insights to improve the bottom line while making your company a better place to work.
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Locations
Espoo
-
Employees
1 to 10
-
Contact
•••••@vibecatch.com
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A mobile on demand job matching service for Europe\'s youth.
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Industries
Fintech
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Locations
Espoo
-
Employees
1 to 10
-
Contact
•••••@workpilots.fi
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Synoste is a startup company developing novel, patient-friendly medical solutions for the treatment of skeletal deformities.
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Locations
Espoo
-
Employees
1 to 10
-
Contact
•••••@synoste.com
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Enevo is a forward-thinking company with a vision to transform the financial, environmental and social impact of waste.
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Locations
Espoo
-
Employees
51 to 100
-
Contact
•••••@enevo.com
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Zapflow is a dealflow management tool for professional investors.
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Locations
Espoo
-
Employees
1 to 10
-
Contact
•••••@zapflow.com
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The pioneers of gaming surrogacy.
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Industries
Gaming, Hardware
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Locations
Espoo
-
Employees
11 to 50
-
Contact
•••••@surrogate.tv
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Disrupting industrial asset life cycle management. Focus on rotating machines in demanding industrial environments.
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Industries
Data and Analytics
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Locations
Espoo
-
Employees
11 to 50
-
Contact
•••••@distence.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
-
Employees
11 to 50
-
Contact
•••••@meetiqm.com
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Omegawave is the world\'s first health and sports performance optimizer – scientifically proven and patented technology.
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Industries
Sportstech, Mobile
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Locations
Espoo
-
Employees
11 to 50
-
Contact
•••••@omegawave.com
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Zervant is a market leading pan-European provider of online invoicing solutions
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Locations
Espoo
-
Employees
11 to 50
-
Contact
•••••@zervant.com
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Beddit offers consumer focused sleep tracking.
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Industries
Sportstech
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Locations
Espoo
-
Employees
11 to 50
-
Contact
•••••@beddit.com
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Connected Finland is the first nationwide IoT-operator in Finland.
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Locations
Espoo
-
Employees
1 to 10
-
Contact
•••••@connectedfinland.fi
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Nordic Salesforce Platinum Consulting partner. We make customer data meaningful in the moments that matter the most.
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Locations
Espoo
-
Employees
51 to 100
-
Contact
•••••@fluidogroup.com
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