Series Unknown Funded Startups in Finland
Disclosed “Series Unknown” rounds in this Finland list are highly uneven by disclosed size: the largest disclosed amount is Lahti Energia’s $177M on 2025-0…
Disclosed “Series Unknown” rounds in this Finland list are highly uneven by disclosed size: the largest disclosed amount is Lahti Energia’s $177M on 2025-07-01, which dwarfs the next-largest disclosed amounts in the table (Citycon $487M on 2025-04-01 is actually larger; among the rest, Tornator Oyj $223M and SATO $162M are in the same high range, while many other disclosed rounds cluster in the $1M–$30M band). Date-wise, activity concentrates in a mid-2024 to mid-2025 window: the most recent entry is Varjo on 2025-08-13, while the oldest in the shown set is Desentum on 2024-02-08, with multiple rounds recurring in March–July 2024 and a denser run in mid-2024. Sector-wise, biotech and healthcare-related work appears repeatedly (e.g., Valo Therapeutics $21M on 2025-03-10; Aurealis Therapeutics $9M on 2024-11-13; Herantis Pharma $5M on 2025-02-06; TILT Biotherapeutics $2M on 2024-02-14; Nanoform $6M on 2025-06-19; Eevia Health $60K on 2024-08-29). Geographically, Helsinki and other southern locations dominate the entries, with Helsinki appearing across multiple rounds (Varjo, Nanoform, PromoRepublic, Citycon, SATO, Herantis Pharma, Jobilla), while Northern/Western cities like Oulu and Tampere show up frequently but less consistently. Outlier disclosure behavior is visible too: several rows are “undisclosed” (including Spacent on 2025-07-01 and Seaber on 2024-07-08), affecting how cleanly sizes can be compared.
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Frequently asked
Which disclosed round is the clear size outlier, and where does it sit versus the rest of the table?
The largest disclosed amount is Citycon’s $487M on 2025-04-01. That level is far above other high-end disclosed rounds such as Tornator Oyj’s $223M (2024-09-27) and Lahti Energia’s $177M (2025-07-01), while many other disclosed deals fall well below $30M (e.g., PromoRepublic $100K on 2025-05-15 and Eevia Health $60K on 2024-08-29).
Do the rounds cluster in time, or are they evenly spread across 2024–2025?
The shown set spans 2024-02-08 (Desentum) to 2025-08-13 (Varjo), but is not uniform: there are repeated entries through March–July (for example, multiple 2025-07 and 2025-05 rounds such as Lahti Energia 2025-07-01 $177M, Brightplus Oy 2025-07-15 $2M, and Volare 2025-05-27 $30M).
Are any cities over-represented, suggesting a geographic hub effect in this “Series Unknown” slice?
Helsinki-based companies recur across dates and sectors, including Varjo (2025-08-13 $6M), Nanoform (2025-06-19 $6M), PromoRepublic (2025-05-15 $100K), Citycon (2025-04-01 $487M), SATO (2025-03-26 $162M), Herantis Pharma (2025-02-06 $5M), Jobilla (2024-08-27 $7M), and Desentum is listed in Espoo rather than Helsinki. Other cities like Oulu appear multiple times (e.g., Brightplus Oy 2025-07-15; Cajo Technologies is in Kempele/Oulu, 2025-05-21 undisclosed; TactoTek 2025-01-09 $5M; Zefort 2024-09-04 $1M).
What sector mix stands out, and is biotech/health a recurring theme rather than a one-off?
Biotechnology and therapeutics recur across several entries rather than appearing once: Valo Therapeutics $21M (2025-03-10), Aurealis Therapeutics $9M (2024-11-13), Herantis Pharma $5M (2025-02-06), Nanoform $6M (2025-06-19), TILT Biotherapeutics $2M (2024-02-14), and Eevia Health $60K (2024-08-29) are all in biotech/health-adjacent categories. That pattern coexists with other verticals such as energy (Lahti Energia $177M on 2025-07-01; Soletair Power $1M on 2024-06-05) and real estate (Citycon $487M on 2025-04-01; Spacent undisclosed on 2025-07-01).
How much does undisclosed deal size affect interpretation, and are there notable undisclosed outliers?
“Undisclosed” appears alongside otherwise comparable dated rounds (e.g., Spacent on 2025-07-01; Cajo Technologies on 2025-05-21; Seaber on 2024-07-08; Transtar on 2024-12-19; Nordtreat on 2024-06-20). Because high-end comparisons depend on disclosed figures, some of the largest-size narrative is anchored by disclosed rounds like Citycon $487M (2025-04-01) rather than by undisclosed entries.
Which date window includes the most recent disclosed sizes, and what does the top end look like in that band?
In the most recent part of the list, disclosed amounts include Varjo $6M (2025-08-13), Lahti Energia $177M (2025-07-01), Volare $30M (2025-05-27), and Takomo Golf Company $23M (2025-05-14). The upper tail in this late period is therefore anchored by Lahti Energia’s $177M (2025-07-01), with other disclosed rounds in the tens of millions or below (e.g., Valo Therapeutics $21M on 2025-03-10; Zenniz $2M on 2025-03-13).
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