Fund Management

Funding for Finnish startups drops from record levels

International investments declined by 58% in 2023, figures from the Finnish Venture Capital Association (FVCA) show.
“Finland has laid a solid foundation for financing domestic startups through years of concerted effort,” says Jussi Sainiemi, Deputy Managing Partner of the venture capital firm Voima Ventures and Chair of FVCA’s Venture Capital Committee. | Photo: Pexels: Antti Kulmanen.
“Finland has laid a solid foundation for financing domestic startups through years of concerted effort,” says Jussi Sainiemi, Deputy Managing Partner of the venture capital firm Voima Ventures and Chair of FVCA’s Venture Capital Committee. | Photo: Pexels: Antti Kulmanen.
by REETA ILONA PAAKKINEN

Funding raised for Finnish startups decreased notably in 2023 compared to previous years, statistics provided by the Finnish Venture Capital Association (FVCA) reveal.

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