Finland startup funding in Q1 2014
European tech funding raised by Finland startups during Q1 2014.
In Q1 2014, 15 startups in Finland closed 16 funding rounds and raised €18M in equity funding (excluding debt and grants), down 6.5% versus Q1 2013. Software was the most active sector, and Practica Capital was the most active investor. Data as of 6 Nov 2026.
Equity funding
€18M
-6.5% vs Q1 2013 · excl. debt & grants
Funding rounds
16
+33.3% vs Q1 2013
Companies
15
Top sector
Software
Rank in Europe
#15
0.9% of European funding
Top-10 round share
96.8%
of disclosed capital
Funding by month
€ raised vs rounds, by monthFinland — funding by month, Q1 2014 — interactive chart.
Data table
| Funding | Rounds | |
|---|---|---|
| Jan | €15M | 9 |
| Feb | €425k | 4 |
| Mar | €2.8M | 3 |
Top sectors
by € raisedFinland — top sectors by capital, Q1 2014 — interactive chart.
Data table
| Finland — top sectors by capital, Q1 2014 | |
|---|---|
| Gaming | €6.0M |
| Healthtech | €4.7M |
| Foodtech | €2.2M |
| HRtech | €1.6M |
| Edtech | €1.5M |
| E-commerce | €1.2M |
| Fashion | €1.1M |
| Marketing | €645k |
Stage mix
by € raisedFinland — stage mix, Q1 2014 — interactive chart.
Data table
| Finland — stage mix, Q1 2014 | |
|---|---|
| Series A | €5.8M |
| Growth/Late | €4.7M |
| Seed | €3.6M |
| Early VC | €2.5M |
| Other | €1.4M |
Exits & M&A
1 Acquisition1 exit.
Top deals
largest disclosed rounds in Q1 2014| Company | Stage | Date | Amount |
|---|---|---|---|
| Mendor | Growth/Late | Jan 2014 | €4.7M |
| Next Games | Series A | Jan 2014 | €4.4M |
| Mekitec | Early VC | Mar 2014 | €2.2M |
| PlayRaven | Seed | Jan 2014 | €1.7M |
| Transfluent | Series A | Jan 2014 | €1.5M |
| Swap.com | Seed | Jan 2014 | €1.1M |
| Lennu Keinanen | Other | Jan 2014 | €800k |
| Booxmedia | Seed | Mar 2014 | €450k |
| sayduck | Other | Jan 2014 | €350k |
| Innorange Oy | Early VC | Feb 2014 | €300k |
| TrackDuck | Other | Jan 2014 | €200k |
| TrackDuck | Seed | Mar 2014 | €145k |
| Venuu | Seed | Feb 2014 | €125k |
| Fuzu | Seed | Jan 2014 | €100k |
Top investors
most active in Q1 2014, by deal count- Practica Capital2 deals
- Jari Ovaskainen2 deals
- Kima Ventures2 deals
- Jussi Hinkkanen1 deals
- Kaj Hagros1 deals
- London Co-Investment Fund1 deals
- Lowercase Capital1 deals
- Reaktor Ventures (fka Reaktor Polte)1 deals
- Finnvera Venture Capital1 deals
- VisionPlus1 deals