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Geographies/Finland/2011

Finland startup funding in 2011

European tech funding raised by Finland startups during 2011.

In 2011, 25 startups in Finland closed 26 funding rounds and raised €94M in equity funding (excluding debt and grants). Gaming was the most active sector, and Initial Capital was the most active investor. Data as of 6 Nov 2026.

Equity funding
€94M
excl. debt & grants
Funding rounds
26
Companies
25
Top sector
Gaming

Finland: last three years

change vs the year before
YearEquityChangeRoundsChangeDebt
2009€30M-49.8%11+37.5%—
2010€42M+38.5%19+72.7%—
2011€94M+124.1%26+36.8%—
Break down 2011 by period
Half-year
H1
Rank in Europe
#10
3.1% of European funding
Top-10 round share
92.6%
of disclosed capital

Funding by month

€ raised vs rounds, by month
Finland — funding by month, 2011 — interactive chart.
Data table
FundingRounds
Jan€35M5
Feb€5.3M3
Mar€30M1
May€10M4
Jun€9.1M2
Aug€1.1M5
Sep€228k1
Oct€481k1
Nov€2.1M4

Top sectors

by € raised
Finland — top sectors by capital, 2011 — interactive chart.
Data table
Finland — top sectors by capital, 2011
Gaming€42M
Healthtech€21M
Software€2.7M
Media€2.3M
Fintech€705k
HRtech€400k
Edtech€200k
Marketing€0

Stage mix

by € raised
Finland — stage mix, 2011 — interactive chart.
Data table
Finland — stage mix, 2011
Series A€42M
Other€18M
Growth/Late€14M
Early VC€9.0M
Series B€8.1M
Seed€3.5M
Grant€228k

Exits & M&A

1 Acquisition

1 exit.

Largest equity rounds

by disclosed amount, 2011
CompanyStageDateAmount
RovioSeries AMar 2011€30M
European BatteriesGrowth/LateJan 2011€14M
NexstimOtherJan 2011€11M
BeneqEarly VCJan 2011€9.0M
MendorSeries BJun 2011€8.1M
SupercellSeries AMay 2011€8.1M
Vilant SystemsSeries AFeb 2011€2.0M
NexstimOtherMay 2011€2.0M
Grey AreaSeries AFeb 2011€1.8M
RapidBlueOtherJan 2011€1.5M
View all 26 Finland deals in 2011 →

Top investors

most active in 2011, by deal count

Source: Tech.eu Funding Explorer · data as of 6 Nov 2026 · licence CC BY 4.0 · Methodology

← All-time Finland funding