Finland, a nation with a rich history of innovation and entrepreneurship, has witnessed an incredible surge in the number of unicorns – privately held start-up companies valued at over $1 billion – in recent years. With the rapid growth of the Finland economy and the rise of disruptive technologies, these 4 unicorn companies have become the driving force behind the nation’s rise as a global powerhouse.
So without any delay, let’s get started and discover the world of Finland’s unicorn companies!
List of 4 Unicorns in Finland
1. RELEX Solutions
A Finnish supply chain management software company that provides forecasting and replenishment solutions for retail businesses.
Company Details:
- Valuation: $5.70B
- Investors Name: Blackstone, Technology Crossover Ventures, Summit Partners
- City: Helsinki
- Industry: Supply chain, logistics, & delivery
- Total Funding Raised: $792.36M
- Founded Year: 2005
- Joined Unicorn Club: 2/17/2022
- Total Investors:
- Total Deal Terms: 1
- Website: https://www.relexsolutions.com/
2. Oura
A Finnish health technology company that provides health tracking solutions and services for individuals.
Company Details:
- Valuation: $2.55 B
- Investors Name: Forerunner Ventures, Lifeline Ventures, MSD Capital
- City: Oulu
- Industry: Health
- Total Funding Raised: –
- Founded Year: 2013
- Joined Unicorn Club: 4/5/2022
- Total Investors:
- Total Deal Terms: –
- Website: https://ouraring.com/
3. Aiven
A Finnish cloud technology company that provides cloud solutions and services for businesses.
Company Details:
- Valuation: $2B
- Investors Name: Institutional Venture Partners, Atomico, Earlybird Venture Capital
- City: Helsinki
- Industry: Internet software & services
- Total Funding Raised: $209.93M
- Founded Year: 2016
- Joined Unicorn Club: 10/18/2021
- Total Investors:
- Total Deal Terms: 2
- Website: https://aiven.io/
4. HMD Global
A Finnish mobile phone company that provides mobile phones and related accessories for individuals.
Company Details:
- Valuation: $1B
- Investors Name: Ginko Ventures
- City: Espoo
- Industry: Mobile & telecommunications
- Total Funding Raised: $330M
- Founded Year: 2016
- Joined Unicorn Club: 5/21/2018
- Total Investors:
- Total Deal Terms: 1
- Website: https://www.nokia.com/phones/en_int/home
Conclusion
In conclusion, Finland’s top 4 unicorns showcase the nation’s innovative power and economic growth. These companies are making a global impact and reshaping industries. Keep an eye on these trailblazers, as they continue to redefine success in the ever-evolving world of innovation.