A good year of financing rounds for Finnish startups

February 21, 2013

Finnish hi-tech companies announced that they have raised €125 million of venture capital in 2012. This sum is an increase over the recorded €114 million of venture capital in 2011 and clearly bests the €75 million raised in 2010. In 2012 investment activity improved significantly with a total of 79 registered venture financing rounds. 

Over the past calendar year Finnish hi-tech enterprises recorded a total of 79 venture capital investments worth approximately €125 million altogether. This €125 million valuation indicates an increase of around 10% from the previous year’s corresponding €114 million valuation. Even more remarkable was the spike in investment activity, with the 79 recorded transactions of 2012 surpassing the 46 investments of 2011 noticeably.

Consequently, average round size was markedly lower in 2012, with an average value of €1,6 million per round, 36% below the €2,5 million average of 2011. Nevertheless, the 2012 average round size was still 26% higher than its 2010 equivalent. These figures show that investment activity surged during the past year, with early-stage investment activity especially lively in comparison to the previous years.

Read more about the companies who received investments from international venture capital firms or a major amount from international business angels (public) in 2012: 

7signal

Applifier 

Beneq 

BLStream 

Boomlagoon 

GrandCru 

Hammerkit 

LaurantisPharma 

Microtask 

Ovelin 

Picodeon 

SkySQL 

Supponor 

Transfluent 

ZenRobotics

 

Read the international VC Zone report in: http://www.vczone.fi/