Funded Startups in Espoo
Funded rounds in Espoo span from 2020-08-21 (Quuppa, $20M) to 2025-11-29 (Gosta Labs, $9M).
Funded rounds in Espoo span from 2020-08-21 (Quuppa, $20M) to 2025-11-29 (Gosta Labs, $9M). The disclosed-size distribution is highly uneven: Citycon’s $487M (2025-04-01, “Series Unknown”) dwarfs the rest of the disclosed rounds, with the next-highest disclosed amount at $131M for IQM (2022-07-22), while several entries sit in the sub-$1M to low-$10M range (for example, Arctic Farming at $380K on 2023-05-01 and NOCFO at $580K on 2025-01-05). Sector/stage concentration also shows patterning. “Series Unknown” appears 10 times and “undisclosed” appears 2 times in the 49 rows shown, and healthcare/biotech themes recur across dates (e.g., Gosta Labs 2025-11-29 at $9M; Surgify 2025-05-27 at $8M; Enifer 2024-05-23 at $16M; Koite Health 2024-01-09 at $4M). Date-wise, multiple clusters appear in 2022–2024 as well as mid-2024 (e.g., ICEYE on 2024-12-18 at $65M and Ray Browser on the same date at $7M).
Most recent rounds
49 shownRelated listings
Frequently asked
Which disclosed round is the outlier in Espoo, and how does it compare to the rest of the disclosed amounts shown?
Citycon’s $487M round (2025-04-01, “Series Unknown”) is the clear outlier among disclosed amounts; the next-largest disclosed figure is IQM’s $131M (2022-07-22, Series A). Several other rounds are far smaller (e.g., NOCFO $580K on 2025-01-05; Arctic Farming $380K on 2023-05-01).
How much of the recent activity is concentrated near the top of the date range (most recent 90 days in the rows shown)?
Between 2025-09-08 and 2025-11-29, the rows shown include Agate Sensors ($5M, 2025-09-08), Surgify ($8M, 2025-05-27 is outside that window), and Gosta Labs ($9M, 2025-11-29). In that same late-2025 window, there is also Citycon’s $487M earlier in the year (2025-04-01) but not within 90 days of the newest entry.
Do “Series Unknown” or “undisclosed” amounts dominate the stage disclosure in this list?
Stage disclosure is frequently non-specific: “Series Unknown” appears 10 times (for example, Citycon $487M on 2025-04-01 and Ray Browser $7M on 2024-12-18), and “undisclosed” appears 2 times (Pixieray on 2025-02-17 and Seaber on 2024-07-08). In contrast, there are fewer clearly labeled early-stage entries such as NOCFO (Pre-Seed, $580K on 2025-01-05) and several Seed rounds (e.g., QMill $5M on 2024-09-17).
Are there recurring sector clusters, or is the list mostly one-off?
Healthcare/biotech themes repeat rather than appearing once: Gosta Labs (Healthcare/AI, $9M on 2025-11-29), Surgify (Health Care, $8M on 2025-05-27), Enifer (Biotechnology, $16M on 2024-05-23), and Koite Health (Health Care, $4M on 2024-01-09). AI also shows recurrence across stages, including multiple “Series Unknown” or Pre-Seed entries such as NOCFO (Pre-Seed, $580K on 2025-01-05) and Confidentialmind (Pre-Seed, $1M on 2024-06-21).
Where do the biggest rounds cluster over time—does scale show up mainly in a specific period?
Large disclosed rounds are not confined to a single quarter, but they do appear at distinct points: Citycon’s $487M (2025-04-01) and ICEYE’s $65M (2024-12-18) sit in the late portion of the timeline, while IQM’s $131M (2022-07-22) is a separate high in the earlier half. That separation suggests scale spikes rather than a steady ramp, with many other entries (e.g., Enable Banking $590K on 2022-10-06) staying below the tens-of-millions range.
Know which startups just got funded. Every week.
Fresh funding rounds, new companies, and the sectors moving fastest — in your inbox every Monday morning.
Free. Sent every Monday. Unsubscribe anytime.