Funded Energy Startups in Finland
Across the 13 most recent energy-focused funding entries in Finland, the largest disclosed round is Ilmatar’s $243M (2021-05-19), which dwarfs the rest of…
Across the 13 most recent energy-focused funding entries in Finland, the largest disclosed round is Ilmatar’s $243M (2021-05-19), which dwarfs the rest of the disclosed amounts—several rounds sit in the $1M–$30M band, and only a few exceed $20M (e.g., Lahti Energia at $177M on 2025-07-01, Steady Energy at $23M on 2025-03-05, and Cactos at $29M on 2024-01-10). The list also shows clustering: 7 of 13 rounds land between 2024-01-10 and 2025-07-01, with multiple rounds in 2024 (Cactos 2024-01-10, Polar Night Energy 2024-04-02, Soletair Power 2024-06-05, TheStorage 2024-10-17). Geographically, Helsinki dominates (8 of 13 are based in Helsinki, with the remaining entries spread across Tampere, Lahti, Lappeenranta, Pilkanmaa, and Kerava). Stage/label disclosure is uneven: 6 of 13 entries are “Series Unknown,” and 1 is “undisclosed” (Geyser Batteries, 2023-02-02), while only a handful carry explicit labels like Seed (Polar Night Energy, 2024-04-02) or Series C (Norsepower Oy, 2023-03-28).
Most recent rounds
13 shownRelated listings
Frequently asked
What’s the largest disclosed round in this Finland energy list, and how far above the rest is it?
Ilmatar’s $243M (2021-05-19) is the clear disclosed outlier. The next-largest disclosed rounds are Lahti Energia’s $177M (2025-07-01) and Norsepower Oy’s $30M (2023-03-28), while multiple other disclosed rounds fall between $1M and $23M (e.g., TheStorage $1M on 2024-10-17; Steady Energy $23M on 2025-03-05).
Do the rounds cluster in a specific recent time window?
Yes. Seven of the 13 rows fall between 2024-01-10 and 2025-07-01, including consecutive 2025 funding entries at the high end: Steady Energy $23M (2025-03-05) and Lahti Energia $177M (2025-07-01). Earlier entries extend the visible range back to Q2 2020 with QHeat at $3M on 2020-06-09.
Which cities dominate, and is any city meaningfully over-represented?
Helsinki accounts for 8 of 13 entries, including Steady Energy ($23M, 2025-03-05), Cactos ($29M, 2024-01-10), and Norsepower Oy ($30M, 2023-03-28). The other 5 are distributed across Lahti (Lahti Energia $177M, 2025-07-01), Tampere (TheStorage $1M, 2024-10-17), Lappeenranta (Soletair Power $1M, 2024-06-05), Pilkanmaa (Polar Night Energy $8M, 2024-04-02), and Kerava (Keravan Energia $11M, 2023-09-28).
How often are stages labeled versus left vague, and are there any disclosure exceptions?
Stage naming is frequent inexactness: 6 of 13 rows are marked “Series Unknown” (e.g., Lahti Energia $177M on 2025-07-01; Soletair Power $1M on 2024-06-05), and 1 of 13 is explicitly “undisclosed” (Geyser Batteries on 2023-02-02). Only a smaller set carries explicit labels such as Series B (Steady Energy $23M, 2025-03-05) and Series C (Norsepower Oy $30M, 2023-03-28).
Which stage labels show up, and do they correspond to any amount ranges in the disclosed data?
Explicit labels appear but are limited: Seed is represented by Polar Night Energy at $8M (2024-04-02), Series B by Steady Energy at $23M (2025-03-05), Series C by Norsepower Oy at $30M (2023-03-28), and Corporate Round by P2X Solutions at $15M (2022-02-02). Meanwhile, several of the largest disclosed amounts (Ilmatar $243M on 2021-05-19; Lahti Energia $177M on 2025-07-01) are not tied to a specific labeled stage in the table.
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