70 Hot Finnish startups and and young growth companies

November 13, 2013

In addition to the well-known success stories of Rovio and Supercell, there is an amazing number of promising and hot startups and young growth companies in the Cleantech, ICT, Life Sciences and Nano Technology industries.

We listed the ones that so far have made it to the Deloitte fast 50 2012 or Red Herring finalists list 2013, or gotten international investment recently.

Cleantech

  • Eniram Ltd http://www.eniram.fi/
    Eniram provides the maritime industry with novel decision support systems to reduce fuel consumption and emissions as well as to support decision making with information analytics. 
    Deloitte Fast 50 2012.
    Latest funding: 2010, Finnish Industry Investment, 0.2 MEUR

ICT Hardware & Semiconductors

  • MultiTouch Ltd http://www.multitaction.com/
    MultiTouch Ltd. is a leading developer of interactive display systems, based on proprietary software and hardware designs. MultiTouch displays are Full HD and support multiuser environments. Software provides unlimited touch points, hand recognition and object recognition.
    Red Herring 2013 Finalist.
    Latest funding:2011, Finnish Industry Investment, Veritas, 2.0 MEUR
     
  • iLOQ Oy http://www.iloq.com/
    iLoq Ltd develops, manufactures and markets innovative high security electronic locking solutions offering superior keying, maintenance, lifecycle and cost benefits. 
    Deloitte Fast 50 2012.
    Latest funding: 2008, Tekes
     
  • Varaani Works Ltd http://www.varaani.com 
    Varaani mission is to create a leading experience for home and SME business users for keeping their digital content safe and accessible in one place. The core innovation in the on-line backup efficiency ensures large storage capacity with a price tag of consumer service.
    Red Herring 2013 Finalist.
    Latest funding: n.a. 

ICT Mobile Telecommunications

  • Agaidi Ltd http://www.agaidi.com/ 
    Agaidi Ltd is a technology company that develops wireless communication solutions based on active RFID technology, e-paper and other low-power display technologies. Agaidi Oy is a global forerunner in the development of next-wave wireless solutions.
    Red Herring 2013 Finalist.
    Latest investment: n.a.
     
  • Bitbar http://bitbar.com/ 
    Bitbar is a technology and services company that provides high-performance mobile software development and testing solutions based on widely adopted open standards. The company’s flagship cloud-based Android testing solution, Testdroid Cloud, is the first automated, real-time testing tool for mobile application developers.
    Latest investment: 2013, Qualcomm (USA), Creathor (DE), DFJ Esprit (UK), Finnvera, 2.3 MEUR
  • Conmio Oy http://www.conmio.com/ 
    Conmio’s ManaGate is a turnkey solution for mobile publishing, extending the reach of media brands and bringing them new business opportunities. ManaGate powers the mobile services of e.g. New York Times, Nokia and Blyk. Deloitte Fast 50 2012.
    Latest investment: 2010, Inventure, 1.4 MEUR
     
  • Digital Foodie Ltd http://company.foodie.fm/
    Digital Foodie Ltd develops and operates a multi-channel nutrition recommendation service, Foodie fm. Foodie.fm is a social shopping service that takes online grocery shopping to a new level by empowering people to consume smarter in a social context. 
    Red Herring 2013 Finalist
    Latest investment: 2010, Veturi Growth Partners, Finnvera
     
  • Jongla Ltd http://www.jongla.com/
    Jongla is the first in the world to offer all mobile phone messaging services free of charge to its users. Users can send and receive an unlimited number of text and multimedia messages and video clips. 
    Red Herring 2013 Finalist.
    Latest investment: 2012, Angel investor
     
  • LeadDesk Oy (aka ComDashboard) http://www.leaddesk.com/ 
    LeadDesk Software is the core of our offering. It’s all-in-one solution for sales and customer services done over the phone. As a browser-based software, it doesn’t need anything else than a computer and internet-connection. It’s still highly scalable and can handle massive amount of calls.
    Deloitte Fast 50 2012.
    Latest investment: n.a.
     
  • NonStop Games http://www.nonstop-games.com/ 
    Nonstop Games wants to re-invent social games and create games for gamers across mobile and tablet platforms. The company wants to enable people who are really serious about games to play against friends or strangers wherever, whenever. 
    Latest investment: 2013, Creandum (SE), Lifeline Ventures, 2.2 MEUR
     
  • Nordic TeleCom Ltd http://www.nordictelecom.fi/ 
    Nordic TeleCom’s goal is to ignite a new era of global telecom innovation by making the newest and most advanced cloud based communication technologies accessible to every business in the world. We provide the most advanced and easy-to-use solutions for better accessibility and reachability.
    Red Herring 2013 Finalist. 
    Latest investment: 
    n.a.
     
  • Notava Oy http://www.notava.com/ 
    Notava’s core asset consists of the uAxes Platform enabling generic brokering based resource access provisioning. 
    Deloitte Fast 50 2012.
    Latest investment: n.a.
     
  • Proto Geo http://www.moves-app.com/ 
    ProtoGeo is a mobile application developer based in Helsinki. ProtoGeo was founded in 2012 and has a staff of eight people. The company also has operations in London and Pittsburgh. The company’s first release is the mobile sports tracking application, Moves.
    Latest investment: 2013, PROfounders Capital Ltd (UK), Lifeline Ventures and angel investor, 1.2 MEUR
     
  • Seriously Digital Entertainment http://www.seriously.com/ 
    Mobile entertainment company, which aims to use mobile gaming as a platform for entertainment franchises. Established by two former Rovio executives.
    Latest investment: 2013, Upfront Ventures (USA), Sunstone Capital (DK), 1.74 MEUR
     
  • SkillPixels Ltd http://www.skillpixels.com/ 
    SkillPixels is an educational games development studio turning schoolbooks into exciting games with learning analytics integration. Our concept is based on our research that shows that children learn more effectively and faster than ever before when teaching a digital intelligent pet.
    Latest investment: n.a.
     
  • SN4 Mobile Oy http://www.sn4mobile.com/
    SN4Mobile provides mobile and electronic services for marketing, sales, customer service, after sales, and event management. 
    Deloitte Fast 50 2012.
    Latest investment: 2008, Tekes, 0.03 MEUR
     
  • Sports Tracking Technologies Ltd http://www.sports-tracker.com/
    The Sports Tracker smartphone application tracks and analyzes your exercises and enables you to share your workouts and photos with friends and other similar-minded people via the Sports Tracker community, Facebook and Twitter. 
    Red Herring 2013 Finalist.
    Latest investment: n.a.
     
  • Star Arcade Ltd http://www.star-arcade.com/
    With more than 1M people in 180+ countries playing our games, Star Arcade is the undisputed global leader in cross-platform, real-time multiplayer gaming. 
    Red Herring 2013 Finalist.
    Latest investment: n.a.
     
  • Supercell http://www.supercell.net/
    Mobile gaming company, developer of the Clash of Clans and Hay Day.
    Latest investment: 2013, Atomico (UK), Index Ventures (CH), Institutional Venture Partners (US), 101.3 MEUR
     
  • Vilant Systems Oy http://www.vilant.com/
    Vilant Systems provides turnkey process-improving end-to-end RFID information systems for industrial, especially manufacturing logistics.
    Deloitte Fast 50 2012.
    Latest investment: n.a.
     
  • Voyantic Oy http://www.voyantic.com/
    Voyantic provides RFID measurement solutions. Voyantic’s Tagformance system is the very basic tool for UHF RFID, and used by many of the leading Tag Manufacturers, Universities, and System Integrators. 
    Deloitte Fast 50 2012.
    Latest investment: 2008, Tekes, 0.13 MEUR

ICT Software

  • Aito Technologies http://www.aitotechnologies.com/ 
    Aito Technologies is the first company to deliver business driven CEM (Customer Experience Management) software to mobile operators’ business management. 
    Deloitte Fast 50 2012.
    Latest investment: 2008, Tekes, 0.4 MEUR
     
  • AlphaSense http://www.alpha-sense.com/
    In 2010, AlphaSense launched a unique search engine that offers a new standard for information discovery. Using a blend of advanced linguistic search and natural language processing algorithms, AlphaSense enables investment professionals to search, navigate and analyze corporate filings and other disclosures for critical data points that others are missing – at unprecedented speed and accuracy.
    Latest investment: 2013, Angel investors, 1.5 MEUR
     
  • Analyse² http://www.analyse2.com/fi
    Analyse² is a private company specializing in data services, systems, tools and professional services for market research and business intelligence. 
    Deloitte Fast 50 2012.
    Latest investment:
    2013, Northcap (DK)
     
  • Arcusys Oy http://www.arcusys.fi/
    Arcusys specializes in expert services and information system solutions for the industrial and healthcare sectors as well as public administrations. 
    Deloitte Fast 50 2012.
    Latest investment:
    n.a.
     
  • Audiodraft  https://www.audiodraft.com/
    Audiodraft helps companies to outsource their music and audio production to a global community of over 20,000 sound designers and music composers. Audiodraft offers a music crowdsourcing platform for composed music and a production music library for instant access to music with exclusive licenses.
    Latest investment: 2013, 500 Startups (USA), Promus Ventures (USA), 0.30 MEUR
     
  • Codento Oy http://www.codento.com/
    Codento specializes in strategic enterprise information system consulting. Codento helps its clients optimize their business operations and maximize their results through the re-evaluation and improvement of their data architecture. Deloitte Fast 50 2012.
    Latest investment: n.a.
  • ComIQ Oy http://comiq.fi/
    ComIQ was founded in 2003 and specializes in software testing and quality assurance company. We are a partner to customers in a variety of industries implementing challenging and business critical projects.
    Deloitte Fast 50 2012.
    Latest investment:  
    n.a.
     
  • Dream Broker Ltd http://dreambroker.com/
    Dream Broker delivers fast and easy-to-use software for cost-effective video generation by recording your computer desktop view or web-camera feed, along with Internet-based video management and hosting.
    Red Herring 2013 Finalist.
    Latest investment: 2008, Tekes, 0.023 MEUR
     
  • Efima Oy http://www.efima.com
    We improve the financial management and business management processes of large and mid-sized companies. Delivering expertise across financial management, processes and systems, we have over 10 years’ experience in cloud services and digital financial management.
    Deloitte Fast 50 2012.
    Latest investment:
    n.a.
     
  • Event Brokers EBS Oy http://www.eventbrokers.fi/
    Event EBS Brokers Ltd was established in 2007 as a payment management outsourcing partner for employers’ tax-free fringe benefits. Today EBS is the market leader electronic payment management for employee benefits.
    Deloitte Fast 50 2012.
    Latest investment: n.a.
     
  • Grand Cru http://grandcrugames.com/
    Grand Cru is a game company focused on developing mobile and social games. Our aim is to revolutionize the social gaming genre. Our name derives from our ultimate goal of delivering outstanding products that raise the bar on quality.
    Latest investment: 2013, IDinvest (FR), Qualcomm Ventures (USA), Nokia Growth Partners, 8.5 MEUR
     
  • Hibox Systems Oy Ab http://www.hibox.tv/
    Hibox Systems Ltd is a Finnish company offering advanced interactive information and entertainment solutions for the hospitality industry as well as IPTV solutions for broadband providers.
    Deloitte Fast 50 2012.
    Latest investment: n.a.
     
  • Houston Inc http://www.houston-inc.com/
    Houston specializes in agile project management and software development. Deloitte Fast 50 2012.
    Latest investment:
    n.a.
     
  • Innofactor Plc http://www.innofactor.fi/
    Innofactor supports the operations of businesses and other organizations by delivering easy-to-introduce Internet-based programming solutions.
    Deloitte Fast 50 2012.
    Latest investment: n.a.
     
  • Kiosked http://www.kiosked.com/
    Kiosked is a leading platform enabling Smart Content. Kiosked turns any online content, images, videos and applications into interactive and viral storefronts. Kiosked has been selected as one of the world’s best technology companies and won many major advertising and design awards.
    Latest investment: 2013, Craton Equity Partners LLC (USA), Digital Sky Technologies (RU), 5.2 MEUR
     
  • Klikkicom Oy http://www.klikki.com/
    KliKKi is a Nordic online marketing company with offices in Stockholm, Piteå, Helsinki and Tallinn.
    Deloitte Fast 50 2012.
    Latest investment: 2008, Rite Ventures
     
  • Koodiviidakko Oy http://www.viidakko.fi/
    Koodiviidakko specializes in web-based technologies with a special focus on interface and software design.
    Deloitte Fast 50 2012.
    Latest investment:
    n.a.
  • Leia Media Ltd http://www.leiamedia.com/ 
    Leia Media is an award-winning spin-off  from Aalto and Metropolia Universities’ ePaper research projects in Helsinki Finland. Leia ePaper is a paper-like e-reader that is powered 100% by solar/ambient light energy.
    Latest investment: n.a.
     
  • M-Files Oy http://www.m-files.com/
    M-Files Corporation (formerly Motive Systems) develops M-Files, an award-winning enterprise content management system (ECM) and M-Files Cloud Vault, which runs on the Windows Azure platform. 
    Deloitte Fast 50 2012.
    Latest investment: 2013, DFJ Esprit (UK), Finnish Industry Investment, 6.0 MEUR
     
  • Mental Capital Care Ltd http://www.mentalcapitalcare.fi/
    We are building a network of psychotherapy centers and developing an internet based e-mental health center concept to reach those 50% to 75% of the mental health patients who do not currently receive any treatment for their illness. We are also researching a computer enabled neuroplasticity therapy for prevention and treatment of cognitive disorders.
    n.a.
     
  • Nervogrid Ltd http://www.nervogrid.com/
    The company offers small and medium sized companies and IT service providers a full cloud service catalogue coupled with cutting edge cloud control panel tools as a service. 
    Red Herring 2013 Finalist.
    Latest investment:
    2012, Finnvera, Optiomi Invest, Angels, 0.45 MEUR
     
  • Nethit Oy http://www.nethit.fi/
    Produces ERP and eCommerce software for retail and wholesale trade. 
    Deloitte Fast 50 2012. 
    Latest investment:
    n.a.
     
  • Nitor Creations Ltd http://nitorcreations.com/
    Nitor is a Finnish software company that develops demanding, business-driven software solutions. We specialize in solution architecture and applying agile development methods in a pragmatic way.
    Red Herring 2013 Finalist.
    Latest investment: n.a.
     
  • Nord Software Oy http://www.nordsoftware.com/
    We create great web based software. Our customers choose us for our technological talents, our ability to deliver results and because we are fun to work with.
    Deloitte Fast 50 2012.
    Latest investment: n.a.
     
  • Nosto Solutions Ltd http://www.nosto.com/
    Helsinki-based Nosto is an e-commerce startup bringing solutions for online marketing automation for the global e-commerce industry. The company’s platform-independent SaaS solution enhances customers’ online shopping experience by enabling personalized product recommendations in real time. Red Herring 2013 Finalist. 
    Latest investment: 
    2013, Open Ocean Capital, 1.3 meur
     
  • P2S Media Group (Scoopshot) https://www.scoopshot.com/
    The Scoopshot team of 15 members provides a simple yet effective solution for streamlining crowdsourced photography content and creating innovative mobile campaigns globally and locally. 
    Latest investors: 2013, Angel investor (DK), 0.92 MEUR
     
  • Proactum Oy http://www.proactum.fi/
    Proactum Ltd is a project management and IT systems development company. Proactum’s ICT systems improve corporate data management and communication. 
    Deloitte Fast 50 2012. 
    Latest investment
    : n.a.
     
  • Rightware Ltd http://www.rightware.com/ 
    Rightware sells software to device manufacturers and their suppliers for creating 3D user interfaces for cell phones, tablets, set-top-boxes and automotives easily, quickly and reliably.
    Latest investment: 2013, Inventure, Nexit Ventures, Finnish Industry Investment, 4.0 MEUR
     
  • Rongo Oy http://rongo.fi/ 
    Corporate information management and analytics services provider.
    Deloitte Fast 50 2012.
    Latest investment: n.a.
     
  • Sievo Ltd http://www.sievo.com/ 
    Sievo’s procurement performance management application offers a cost-efficient solution that enables your company to truly reap the benefits of procurement savings initiatives. 
    Red Herring 2013 Finalist.
    Latest investment: n.a.
     
  • Sigmatic Oy http://www.sigmatic.fi/
    Sigmatic Ltd is an IT services company that offers computer network services to companies, associations and individuals. The company has been operating since 2001 and is known for strong expertise in web hosting, domain name and server services.
    Deloitte Fast 50 2012.
    Latest investment: n.a.
     
  • SkySQL Corporation Ab http://www.skysql.com/ 
    SkySQL Ab is the alternative source for software, services and support for the MySQL database and related technologies.
    Red Herring 2013 Finalist.
    Latest investment: 
    2013, Intel Capital, California Technology Ventures, Open Ocean Capital, Spintop Ventures, 15.0 MEUR
     
  • SportSetter https://www.sportsetter.fi/ 
    SportSetter helps people discover great sports, health and wellness services and helps these services meet customers on the lookout for something new. It’s not just about fitness but about making fitness fun – by exploring, trying new things, and teaming up with friends.
    Latest investment: 2013, Angel investor, 0.40 MEUR
     
  • Paytrail (aka Suomen Verkkomaksut Oy) http://paytrail.com/fi/ Paytrail is the leading e-payment method provider in Finland and a pioneer on its field. We co-operate with banks and other financing institutions as well as software service providers enabling even more efficient payment transfers online. 
    Deloitte Fast 50 2012.
    Latest investment: 2009, Angel investor
     
  • Sympa Ltd http://www.sympa.fi/
    Sympa Ltd is a rapidly growing Finnish ICT company that provides a global SaaS-based HR system and the supporting specialist services. 
    Red Herring 2013 Finalist.
    Latest investment: 2011, Angel investor
     
  • TeamUp Ltd http://www.teamup.fi/
    We are providing a social media community where each and every visitor to the site has the potential to make a difference in the world by coming together with others who have the same interests and beliefs and want to be a part of something bigger.
    Red Herring 2013 Finalist.
    Latest investment: n.a.
  • ThingLink http://www.thinglink.com/
    Interactive content developer. ThingLink’s technology makes it possible to embed audio, video and rich media links directly in images and share them across the web. Through ThingLink companies can encourage fans, friends, and consumers to engage with images by watching videos, listening to songs and sound clips, and exploring social media. 
    Latest investment: 2013, Inventure Oy, New York and San Francisco area angels, Tekes, 1.53 MEUR
     
  • Tuxera Inc. http://www.tuxera.com/
    Tuxera is the leading provider of file systems that allow music, pictures, videos and other content to be transported across devices. Deloitte Fast 50 2012.
    Latest investment: n.a.
     
  • Vaadin Ltd https://vaadin.com/ 
    Vaadin is a web application framework for Rich Internet Applications (RIA). In contrast to Javascript libraries and browser-plugin based solutions, it features a robust server-side architecture. This means that the largest part of the application logic runs securely on the server. 
    Red Herring 2013 Finalist.
    Latest investment:
    2008, Open Ocean Capital
  • Vincit Oy http://www.vincit.fi/
    The company supports product development process of any industry by offering outsourcing of software projects for R&D phase. In software design, the core methods of Vincit are lean architecture design, automated testing, refactoring, continuous integration, and code reviews. Deloitte Fast 50 2012.
    2008, Tekes, 0.04 MEUR
     
  • Wauwaa http://www.wauwaa.com/ 
    Wauwaa provides an online destination for parents to find information, multimedia content, and event-based e-commerce sales for all of their needs. Beginning in October 2013, Wauwaa will be offering a fully curated collection of products from around the world.
    Latest investment: 2013, Angel investors, 0.22 MEUR 

 

Industrial

  • ZenRobotics Ltd http://www.zenrobotics.com/
    ZenRobotics Ltd. is the world leader in robotic recycling systems. The ZenRobotics Recycler waste sorting system uses robots to pick raw materials from Construction and Demolition (CND) waste. The system relies on artificial intelligence technology in both identifying the valuable raw materials in the waste, and in controlling the robot’s adaptive picking motions.
    Latest funding: 2012, Invus (USA), Lifeline Ventures, 13 MEUR

 

Life Sciences

 

  • Ductor Ltd http://www.ductor.com/ 
    Ductor is a Finnish biotechnology company with a solid portfolio of proprietary and patented technology for biologically producing ammonia and phosphates from recycled materials. Licensed manufacturers can use Ductor technology to produce organic fertilizers that are equal in strength to chemical fertilizers yet more environmentally sustainable. 
    Red Herring 2013 Finalist.
    Latest investment: 2012, Lifeline Ventures, 2.75 MEUR

 

  • Hermo Pharma Ltd http://www.hermopharma.com/ 
    Hermo Pharma Ltd. is a biopharmaceutical company, which aims to discover and develop cutting-edge therapeutic approaches for currently untreatable medical needs, particularly in the field of neurology. 
    Red Herring 2013 Finalist.
    Latest investment: 2012, Finnvera, Jonathan Knowles, 1.24 MEUR
     
  • PulseOn http://www.pulseon.fi/ 
    PulseOn tracks and analyzes your heart rate continuously. PulseOn combines state-of the art heart rate monitoring and analytics with an easy solution supporting you to achieve your wellness goals.
    Latest investment:  2013, Angel investor (RU), 1.0 MEUR

Source: Deloitte, Helsinki Business Hub, Red Herring, Technopolis Online