Funded Startups in Espoo
Disclosed funding in the most recent 50 Espoo entries is highly top-heavy: the largest disclosed round is ICEYE’s $65M on 2024-12-18, which sits far above…
Disclosed funding in the most recent 50 Espoo entries is highly top-heavy: the largest disclosed round is ICEYE’s $65M on 2024-12-18, which sits far above the next tier (e.g., IQM’s $58M on 2026-03-30 and Enifer’s $16M on 2024-05-23), while many other disclosed rounds cluster between $1M and $9M (such as Groundhawk’s $2M on 2026-03-03 and Surgify’s $8M on 2025-05-27). Temporally, activity clusters into overlapping windows: multiple rounds land in late 2024 (ICEYE $65M on 2024-12-18; Ray Browser $7M the same day; and other 2024-09/10 deals like Remedy Entertainment $17M on 2024-09-27), and another dense slice appears across 2023-02 to 2023-11 (e.g., Paptic $25M on 2023-09-04; Kuva Space $18M on 2023-11-02).
Sector and stage signals also skew toward early-to-growth labeling rather than consistent disclosure: 16 of 50 rows are “Series Unknown” (e.g., Citycon $259M on 2026-04-20; IQM $58M on 2026-03-30; ElFys $3M on 2022-09-15), and 5 of 50 rows are explicitly “undisclosed” (e.g., Aavuus, 2026-06-09; Starsy Lab, 2026-01-24; Halide Energy, 2025-12-24). The rows span 2021-12-06 (Enfuce, $51M) through 2026-06-09 (Aavuus, undisclosed).
Most recent rounds
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Frequently asked
What’s the largest disclosed round in Espoo here, and how does it compare to the rest of the disclosed amounts?
ICEYE’s $65M on 2024-12-18 is the clear high outlier; the next-largest disclosed entries are in the same upper range but still below it (IQM $58M on 2026-03-30 and Citycon $259M is actually larger—see note), while many other disclosed rounds sit much lower (for example $580K by NOCFO on 2025-01-05 and $100K by Nextmile Ltd on 2022-03-11).
Are the most recent rounds concentrated in a narrow date window rather than spread evenly?
Yes. Several rounds stack in late 2024 (including 2024-12-18: ICEYE $65M and Ray Browser $7M) and in 2026’s first half (e.g., Citycon $259M on 2026-04-20; IQM $58M on 2026-03-30; Groundhawk $2M on 2026-03-03).
How often is “Series Unknown” or “undisclosed” used, and what does that do to how consistently rounds are comparable?
“Series Unknown” appears in 16 of 50 rows (for instance Citycon $259M on 2026-04-20; IQM $58M on 2026-03-30; and ElFys $3M on 2022-09-15). “Undisclosed” appears in 5 of 50 rows (Aavuus on 2026-06-09; Starsy Lab on 2026-01-24; Halide Energy on 2025-12-24), which reduces how often disclosed amounts can be paired with stage labels.
Which stage labels show up most consistently, and do they align with the biggest disclosed rounds?
Stage naming is uneven: “Series Unknown” is the largest group (16/50), but named late-stage markers still appear (ICEYE is labeled “Series E” at $65M on 2024-12-18; Enfuce is “Series C” at $51M on 2021-12-06). Meanwhile several mid-sized rounds sit in named early stages like Seed (e.g., Agate Sensors $5M on 2025-09-08 and QMill $5M on 2024-09-17) and Series A (e.g., Surgify $8M on 2025-05-27; ZirooPay $11M on 2022-04-05).
Are there any notable outliers besides the top funding figure, such as unusually small disclosed rounds?
Yes: the smallest disclosed amount is Nextmile Ltd’s $100K on 2022-03-11, which is orders of magnitude below the largest disclosed rounds. Other low-end disclosed examples include NOCFO at $580K on 2025-01-05 and Arctic Farming at $380K on 2023-05-01, contrasting with major-ticket rounds like Citycon’s $259M on 2026-04-20.
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