TRACXN MONTHLY REPORT
OCTOBER 2021
FINLAND TECH
Finland Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Contents
2
Finland Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 6
Top Funded Business Models - last 1 year 7
Acquisitions 8
Recent News 9
Finland Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Finland Tech Snapshot – October 2021
Finland Tech: Snapshot – October 2021
Note : "Investors" refers to "Institutional Investors" only
3
$68.2M
2
Overall Geo Stats
8
2
14
13
3
Funding Rounds $ Invested Analyst Picks
Wirepas!@#
New Investors
Poolz
VTT
Series A+ rounds Active Investors IPOs Acquisitions
Movesense
Eighth Day
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Helsinki
(1 Rounds, $60M)
Espoo
(1 Rounds, $4.9M)
$60M - Series C
Aiven (2016, Helsinki, $211M)
$4.9M - Seed
Kuva Space (2021, Espoo, $4.9M)
$3.3M - Series A
Derived (2021, , $3.3M)
Atomico
(1 Investments)
IVP
(1 Investments)
World Innovation Lab
(1 Investments)
European Space Agency
(1 Investments)
Big Data Infrastructure
Aiven
PaaS
Database Technology
Crop Tech
Kuva Space
Market Size
Companies Covered 2,802
Funded Companies 1,069
Total Funding $5.1B
Funding in last 12 months $1.2B
Top Exits
IPOs 24
Acquisitions 194
Company Stage
Unicorns -
Soonicorns 19
Minicorns 93
Editor Picks 384
Series A+ 249
Series C+ 36
Acqui-Hires 1
Deadpooled 188
Top Cities
Helsinki (570 Rounds, $3.2B)
Espoo (147 Rounds, $661M)
Top Investors
Business Finland (101 Investments)
Lifeline Ventures (50 Investments)
Finland Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Finland Tech as of October 2021
Finland Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (October 2021)*
Aiven
(2016, Helsinki, $211M)
$60.0M - Series C Atomico
Kuva Space
(2021, Espoo, $4.9M)
$4.9M - Seed Voima Ventures
Derived
(2021, , $3.3M)
$3.3M - Series A Poolz
*Shows only the lead Investors
Finland Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Finland Tech in October 2021
Finland Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$60.0M - Series C
Aiven (2016, Helsinki, $211.0M)
Cloud based managed DBaaS, open source database
and messaging solutions
World Innovation Lab, IVP, Atomico
EARLY STAGE
$3.3M - Series A
Derived (2021, , $3.3M)
Cryptocurrency trading platform for individuals and
businesses
GSR, Occam, Nabais, Poolz, AU21 Capital, and 2 more
SEED STAGE
$4.9M - Seed
Kuva Space (2021, Espoo, $4.9M)
Provider of hyperspectral imaging and AI-based farm
monitoring solutions
Voima Ventures, Nordic FoodTech VC, European Space
Agency, VTT
Finland Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Investors
List of New Investors in Finland Tech in October 2021
Finland Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
Poolz
3 portfolio companies | Diversified asset management firm
Derived
Cryptocurrency trading platform for individuals and businesses
$3.30M Series A
VTT
1 portfolio companies | Provider of technology focused research and consulting
services
Kuva Space
Provider of hyperspectral imaging and AI-based farm monitoring
solutions
$4.88M Seed
Genblock
24 portfolio companies | Genblock Capital
Derived
Cryptocurrency trading platform for individuals and businesses
$3.30M Series A
Occam
1 portfolio companies | Decentralized suite for Defi products
Derived
Cryptocurrency trading platform for individuals and businesses
$3.30M Series A
Nabais
5 portfolio companies | Provider of blockchain development services
Derived
Cryptocurrency trading platform for individuals and businesses
$3.30M Series A
European Space Agency
24 portfolio companies | Governmental organization for space exploration
Kuva Space
Provider of hyperspectral imaging and AI-based farm monitoring
solutions
$4.88M Seed
DWeb3
3 portfolio companies | Homepage - DWeb3
Derived
Cryptocurrency trading platform for individuals and businesses
$3.30M Series A
GSR
9 portfolio companies | Trading strategies research platform focused on
blockchain assets
Derived
Cryptocurrency trading platform for individuals and businesses
$3.30M Series A
Finland Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
7
Rank Business Model $ Funding # Rounds Top Funding Round
1 <> 0 Food Ordering Platforms $536M 1 Wolt | $536M | Series E
2 ▲5 Database as a Service (DBaaS) $160M 2 Aiven | $100M | Series C
3 ▲5 Infrastructure as a Service for Big Data $160M 2 Aiven | $100M | Series C
4 ▲6 Sleep Management Devices $105M 2 Oura | $100M | Series C
5 ▲8 Superconducting Qubit $46.3M 1 IQM | $46.3M | Series A
6 -- Electric Vehicle Charging Station Management Software $36.8M 2 Virta | $36.0M | Series C
7 -- Tech Enabled Fibre Waste Recyclers $35.7M 1 Infinited Fi.. | $35.7M | Series B
8 -- Online Music Tutoring $28.0M 1 Yousician | $28.0M | Series B
9 -- Online B2C Packaged Surplus Food Products Delivery $23.2M 1 Fiksua ruoka | $23.2M | Series B
10 -- Customer Service Software $20.0M 1 Ultimate | $20.0M | Series A
Finland Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Finland Tech in October 2021
Finland Tech: Acquisitions
8
Acq. Date Company Acquirer Deal Size
01 Oct 2021
Movesense(2007, Vantaa)
Provider of motion sensors for use in wearable
05 Oct 2021
Eighth Day(2006, Helsinki)
Online brokers of residential properties
Kodit.io
Finland Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Finland Tech in October 2021
Finland Tech:News
9
Exit News
.
● Fellow Finance officially merges with Evli Bank Peer2Peer Finance News
.
People News
.
● Joseph N. Zarro rejoins Authentic Brands Group licenseglobal.com
.
● ICEYE adds Global Head of Insurance Solutions Reinsurance News
Finland Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Explore more on Tracxn
Explore more about Finland Tech on Tracxn Platform
Finland Tech: Explore more on Tracxn Platform
10
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Finland
AI Companies in Finland
Fintech Companies Finland
Consumer Digital in Finland
Company Due Diligence
Detailed profile of
Competitors of
Cap Tables of
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape
Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Private Limited including but not limited to the
information contained herein ("Data") is the sole property of Tracxn Technologies Private Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the
Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any
other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations
or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information.
For further information please refer to our Terms of Use at www.tracxn.com

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Tracxn - Monthly Report - Finland Tech - Oct 2021

  • 1. TRACXN MONTHLY REPORT OCTOBER 2021 FINLAND TECH
  • 2. Finland Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Contents 2 Finland Tech Snapshot 3 Investment Snapshot 4 List of Funding Rounds 5 New Investors 6 Top Funded Business Models - last 1 year 7 Acquisitions 8 Recent News 9
  • 3. Finland Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Finland Tech Snapshot – October 2021 Finland Tech: Snapshot – October 2021 Note : "Investors" refers to "Institutional Investors" only 3 $68.2M 2 Overall Geo Stats 8 2 14 13 3 Funding Rounds $ Invested Analyst Picks Wirepas!@# New Investors Poolz VTT Series A+ rounds Active Investors IPOs Acquisitions Movesense Eighth Day Top Funding Rounds Top Markets Top Investors Top Cities Monthly Leader Board Helsinki (1 Rounds, $60M) Espoo (1 Rounds, $4.9M) $60M - Series C Aiven (2016, Helsinki, $211M) $4.9M - Seed Kuva Space (2021, Espoo, $4.9M) $3.3M - Series A Derived (2021, , $3.3M) Atomico (1 Investments) IVP (1 Investments) World Innovation Lab (1 Investments) European Space Agency (1 Investments) Big Data Infrastructure Aiven PaaS Database Technology Crop Tech Kuva Space Market Size Companies Covered 2,802 Funded Companies 1,069 Total Funding $5.1B Funding in last 12 months $1.2B Top Exits IPOs 24 Acquisitions 194 Company Stage Unicorns - Soonicorns 19 Minicorns 93 Editor Picks 384 Series A+ 249 Series C+ 36 Acqui-Hires 1 Deadpooled 188 Top Cities Helsinki (570 Rounds, $3.2B) Espoo (147 Rounds, $661M) Top Investors Business Finland (101 Investments) Lifeline Ventures (50 Investments)
  • 4. Finland Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Investment Snapshot Investment Snapshot of Finland Tech as of October 2021 Finland Tech: Investment Snapshot 4 # Rounds $ Funding Investment Trend Top Investments (October 2021)* Aiven (2016, Helsinki, $211M) $60.0M - Series C Atomico Kuva Space (2021, Espoo, $4.9M) $4.9M - Seed Voima Ventures Derived (2021, , $3.3M) $3.3M - Series A Poolz *Shows only the lead Investors
  • 5. Finland Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. List of Funding Rounds List of Funding Rounds in Finland Tech in October 2021 Finland Tech: List of Funding Rounds Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE 5 LATE STAGE $60.0M - Series C Aiven (2016, Helsinki, $211.0M) Cloud based managed DBaaS, open source database and messaging solutions World Innovation Lab, IVP, Atomico EARLY STAGE $3.3M - Series A Derived (2021, , $3.3M) Cryptocurrency trading platform for individuals and businesses GSR, Occam, Nabais, Poolz, AU21 Capital, and 2 more SEED STAGE $4.9M - Seed Kuva Space (2021, Espoo, $4.9M) Provider of hyperspectral imaging and AI-based farm monitoring solutions Voima Ventures, Nordic FoodTech VC, European Space Agency, VTT
  • 6. Finland Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. New Investors List of New Investors in Finland Tech in October 2021 Finland Tech: List of New Investors 6 Investor Company Info Round Amount Round Name Poolz 3 portfolio companies | Diversified asset management firm Derived Cryptocurrency trading platform for individuals and businesses $3.30M Series A VTT 1 portfolio companies | Provider of technology focused research and consulting services Kuva Space Provider of hyperspectral imaging and AI-based farm monitoring solutions $4.88M Seed Genblock 24 portfolio companies | Genblock Capital Derived Cryptocurrency trading platform for individuals and businesses $3.30M Series A Occam 1 portfolio companies | Decentralized suite for Defi products Derived Cryptocurrency trading platform for individuals and businesses $3.30M Series A Nabais 5 portfolio companies | Provider of blockchain development services Derived Cryptocurrency trading platform for individuals and businesses $3.30M Series A European Space Agency 24 portfolio companies | Governmental organization for space exploration Kuva Space Provider of hyperspectral imaging and AI-based farm monitoring solutions $4.88M Seed DWeb3 3 portfolio companies | Homepage - DWeb3 Derived Cryptocurrency trading platform for individuals and businesses $3.30M Series A GSR 9 portfolio companies | Trading strategies research platform focused on blockchain assets Derived Cryptocurrency trading platform for individuals and businesses $3.30M Series A
  • 7. Finland Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Top Funded Business Models - last 1 year * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year. 7 Rank Business Model $ Funding # Rounds Top Funding Round 1 <> 0 Food Ordering Platforms $536M 1 Wolt | $536M | Series E 2 ▲5 Database as a Service (DBaaS) $160M 2 Aiven | $100M | Series C 3 ▲5 Infrastructure as a Service for Big Data $160M 2 Aiven | $100M | Series C 4 ▲6 Sleep Management Devices $105M 2 Oura | $100M | Series C 5 ▲8 Superconducting Qubit $46.3M 1 IQM | $46.3M | Series A 6 -- Electric Vehicle Charging Station Management Software $36.8M 2 Virta | $36.0M | Series C 7 -- Tech Enabled Fibre Waste Recyclers $35.7M 1 Infinited Fi.. | $35.7M | Series B 8 -- Online Music Tutoring $28.0M 1 Yousician | $28.0M | Series B 9 -- Online B2C Packaged Surplus Food Products Delivery $23.2M 1 Fiksua ruoka | $23.2M | Series B 10 -- Customer Service Software $20.0M 1 Ultimate | $20.0M | Series A
  • 8. Finland Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Acquisitions List of Acquisitions in Finland Tech in October 2021 Finland Tech: Acquisitions 8 Acq. Date Company Acquirer Deal Size 01 Oct 2021 Movesense(2007, Vantaa) Provider of motion sensors for use in wearable 05 Oct 2021 Eighth Day(2006, Helsinki) Online brokers of residential properties Kodit.io
  • 9. Finland Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Recent News (1/2) Recent News in Finland Tech in October 2021 Finland Tech:News 9 Exit News . ● Fellow Finance officially merges with Evli Bank Peer2Peer Finance News . People News . ● Joseph N. Zarro rejoins Authentic Brands Group licenseglobal.com . ● ICEYE adds Global Head of Insurance Solutions Reinsurance News
  • 10. Finland Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Explore more on Tracxn Explore more about Finland Tech on Tracxn Platform Finland Tech: Explore more on Tracxn Platform 10 Companies Recent Companies Covered Funded Companies Editor's Pick Soonicorn Club SaaS Companies in Finland AI Companies in Finland Fintech Companies Finland Consumer Digital in Finland Company Due Diligence Detailed profile of Competitors of Cap Tables of Investment Activity Recent Investments Investment Trend of last 10 years Mega Investments Rounds Investors Most Active Investors Most Active Angel Investors Unicorn Investors Exits IPO'd Companies Recent Acquisitions Most Active Acquirers Recent Acquihires News & Events Recent News News on People News on Unicorns Upcoming Events Library Recent Reports Tracxn Blog Global Sector Landscape
  • 11. Copyright © 2021, Tracxn Technologies Limited. All rights reserved. Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Private Limited including but not limited to the information contained herein ("Data") is the sole property of Tracxn Technologies Private Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information. For further information please refer to our Terms of Use at www.tracxn.com