From satellites to oat milk: Finnish startups land standout funding rounds

From space-based radar to real estate AI and plant-based food, Finnish-founded startups are drawing major investment to scale globally.

These four recent raises reflect the depth and diversity of Finland’s innovation economy – and the growing international appetite to back it.

IQM Quantum Computers raises €275M in record-breaking Series B

What began as a university spin-out in Finland has just made quantum history.

Espoo-based IQM Quantum Computers has raised 275 million euros in Series B funding – the largest such quantum computing round ever closed in Europe or outside the US.

Led by Jan Goetz and Mikko Välimäki, IQM plans to expand its global footprint while accelerating development of fault-tolerant systems.

“This funding round will fuel our company growth, with an accelerated tech roadmap towards error corrected systems from thousand to million qubits,” said Dr Jan Goetz, co‑founder and Co‑CEO.

The round was led by Ten Eleven Ventures, a cybersecurity-focused investment firm.

“The addition of Ten Eleven as our first US-based investor is a catalytic event for IQM,” Goetz emphasised.

ICEYE secures €9.38M to scale operations in Poland

The Finnish-headquartered leader in synthetic‑aperture radar (SAR) technology ICEYE has raised 9.38 million euros from Vinci S.A., the venture arm of Bank Gospodarstwa Krajowego, to accelerate its expansion in Poland.

A spin‑out from Aalto University active in Poland since 2017, ICEYE runs the world’s largest SAR satellite constellation, delivering high‑resolution Earth‑observation data for defence, crisis response, insurance and agriculture.

The investment follows a 250-million-euro space-sector initiative announced earlier this summer by Business Finland, underlining growing state–private alignment in Finnish deep-tech.“ICEYE is growing fast to meet the global need for real-time space-based intelligence,” Pekka Laurila, ICEYE co-founder and CSO, said at the time. “This funding allows us to expand our capabilities and workforce, creating hundreds of new high-skill jobs and delivering Finnish-built technology to the world.”

Amplifiles secures pre-seed funding to scale AI video tech for real estate

Tampere-based startup Amplifiles has raised a pre-seed funding round led by a syndicate of angel investors, supported by Innovestor’s Angel CoFund.

The company’s AI-powered engine transforms property photos into professional-quality videos in under five minutes – helping agents and photographers scale video marketing without added cost or complexity.

“Our mission is to make professional‑quality video accessible to real estate professionals without friction,” said Tommi Keränen, co‑founder and CEO. “With this funding, we can accelerate product development and ensure that high‑quality video becomes a standard feature for every listing.”

The funding will be used to grow the team, build partnerships and support global expansion.

Finnish Food Factory raises €10M to meet demand for plant-based dairy

With oat-based products rising in global popularity, Finnish Food Factory has secured 10 million euros in growth funding from Taaleri Bioindustry to expand production and international reach.

The Kouvola-based company manufactures plant-based dairy alternatives for major Nordic and global brands, including Fazer, and has seen turnover rise from 1.2 million euros in 2020 to 13.5 million euros in 2024.

“Finnish raw materials – particularly oats – have become a staple in consumers’ diets,” said CEO Tuomas Kukkonen. “We are excited to welcome Taaleri Bioindustry as our growth partner.”

The investment will enable increased capacity and support the company’s ambition to make plant-based products a standard feature in everyday diets.