Top Fast-Growing Espoo Startups to Watch [2023]

Have you ever wondered who is on the list of companies with the highest growth rates in Espoo?

You’re not alone.

There are hundreds of companies founded there, and it can be challenging to keep track of the hottest new startups.

But don’t worry, we’ve got you covered. Here are the top 111 fast-growing startups in Espoo that have top-tier venture capital funding.

Top 111 Fastest-Growing Startups In Espoo

1) Rovio Entertainment

Rovio Entertainment is a video game development, publishing, and distribution firm based in Finland.

Details of the startup:

• Number of employees: 501-1000
• Funding amount: $76,106,830

You can find their website here.

2) ICEYE

By delivering fast and reliable satellite images, ICEYE enables people to make better decisions in the B2B and B2G markets.

Details of the startup:

• Started in: 2014
• Founders: Pekka Laurila, Rafal Modrzewski
• Industries: Aerospace, Agriculture, AgTech, Information Services, Information Technology
• Number of employees: 101-250
• Funding amount: $152,059,475
• Number of funding rounds: 8
• Number of investors: 20

You can find their website here.

3) Fixably

Fixably is a SaaS startup located in Finland that helps technicians and repair companies run more efficiently.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $1,893,240

You can find their website here.

‍4) MariaDB

MariaDB relieves businesses of the costs, limitations, and complexity associated with proprietary databases.

Details of the startup:

• Started in: 2009
• Founders: Kaj Arnö, Max Mether, Michael Carney, Michael Widenius, Patrik Backman, Ralf Wahlsten, Ulf Sandberg
• Industries: Database, Enterprise Software, Software, Technical Support
• Number of employees: 251-500
• Funding amount: $123,175,561
• Number of funding rounds: 11
• Number of investors: 12

You can find their website here.

5) MariaDB Corporation

MariaDB Corporation is the parent company of MariaDB, the most popular Open Source database.

Details of the startup:

• Number of employees: 101-250
• Funding amount: $98,175,561

You can find their website here.

6) Enfuce

Banks, fintechs, financial operators, and merchants can use Enfuce’s payment, open banking, and sustainability services.

Details of the startup:

• Started in: 2016
• Founders: Denise Johansson, Monika Liikamaa
• Industries: Banking, Financial Services, FinTech, Sustainability
• Number of employees: 51-100
• Funding amount: € 17,000,000
• Number of funding rounds: 3
• Number of investors: 5

You can find their website here.

‍7) Fiksuruoka.fi

Fiksuruoka.fi is a startup that eliminates food waste by selling extra foods at a large discount on the website www.fiksuruoka.fi.

Details of the startup:

• Started in: 2016
• Founders: Juhani Järvensivu, Richard Lindroos
• Industries: E-Commerce, Food and Beverage
• Number of employees: 11-50
• Funding amount: € 22,120,000
• Number of funding rounds: 4
• Number of investors: 6

You can find their website here.

8) IQM

IQM focuses on superconducting technology to create scalable hardware for universal quantum computers.

Details of the startup:

• Started in: 2018
• Founders: Jan Goetz, Juha Vartiainen, Kuan Yen Tan, Mikko Möttönen
• Industries: Computer, Hardware, Product Design, Quantum Computing
• Number of employees: 51-100
• Funding amount: € 70,750,000
• Number of funding rounds: 5
• Number of investors: 11

You can find their website here.

9) Dispelix

Dispelix merely exposes the problems that product designers have been attempting to conceal for years.

Details of the startup:

• Started in: 2011
• Founders: Antti Sunnari
• Industries: Eyewear, Fashion, Manufacturing, Medical Device, Product Design
• Number of employees: 11-50
• Funding amount: € 23,700,000
• Number of funding rounds: 3
• Number of investors: 5

You can find their website here.

10) Surrogate.tv

Surrogate.tv is a third-party platform for creating physical encounters in real life.

Details of the startup:

• Started in: 2018
• Founders: Esko Vähämäki, Severi Tikkala, Shane Henrik Allen, Stanislav Dmitriev
• Industries: Digital Entertainment, Gaming, Robotics, Video Games, Virtual Reality
• Number of employees: 11-50
• Funding amount: $4,509,000
• Number of funding rounds: 4
• Number of investors: 6

You can find their website here.

11) Enevo

Enevo is a forward-thinking organization with a mission to reduce waste’s financial, environmental, and social costs.

Details of the startup:

• Started in: 2010
• Founders: Fredrik Kekalainen, Johan Engström
• Industries: Fleet Management, Hardware, Internet of Things, Logistics, Recycling, Software, Waste Management
• Number of employees: 51-100
• Funding amount: $55,363,230
• Number of funding rounds: 6
• Number of investors: 15

You can find their website here.

12) Medixine

Medixine is the next generation of linked care since it involves patients in their own treatment.

Details of the startup:

• Started in: 2000
• Founders: Tapio Jokinen
• Industries: Health Care, Medical, Software, Wellness
• Number of employees: 11-50
• Funding amount: € 6,067,800
• Number of funding rounds: 4
• Number of investors: 2

You can find their website here.

13) Mobidiag

Molecular diagnostics firm specializing on infectious disease detection.

Details of the startup:

• Number of employees: 101-250
• Funding amount: $74,050,525

You can find their website here.

‍14) Sensible 4

Sensible4 is a self-driving vehicle software firm that builds self-driving automobiles that can be used all year.

Details of the startup:

• Started in: 2017
• Founders: Harri Santamala, Jari Saarinen, Jussi Suomela, Tommi Rimpiläinen
• Industries: Artificial Intelligence, Automotive, Autonomous Vehicles, Machine Learning, Software
• Number of employees: 51-100
• Funding amount: $7,000,000
• Number of funding rounds: 1
• Number of investors: 2

You can find their website here.

15) CollectiveCrunch

CollectiveCrunch is a pioneer in artificial intelligence for the forestry industry. We revolutionize the way wood inventories are forecasted.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $1,519,062

You can find their website here.

16) Zervant

Zervant is a market-leading provider of online invoicing solutions in Europe.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $16,173,689

You can find their website here.

‍17) Enfuce Financial Services

Enfuce is a new type of financial service provider that focuses on future payment options in a world without legacy.

Details of the startup:

• Number of employees: 51-100
• Funding amount: $11,165,497

You can find their website here.

18) Rentle

Renovating the recreational rental market to create new consumer experiences.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $372,366

You can find their website here.

19) Quuppa

Quuppa is a software platform that offers sophisticated real-time location services and applications.

Details of the startup:

• Started in: 2012
• Founders: Antti Kainulainen, Fabio Belloni, Kimmo Kalliola
• Industries: Customer Service, Information Services, Information Technology, Location Based Services, Software
• Number of employees: 51-100
• Funding amount: € 20,000,000
• Number of funding rounds: 2
• Number of investors: 3

You can find their website here.

20) Beddit

Beddit is a sleep tracking service that is tailored to the needs of the individual.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $4,003,472

You can find their website here.

21) Yogaia

Yogaia is the world’s first and only live, interactive online yoga studio. The studio is where you are with Yogaia.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $3,630,000

You can find their website here.

22) MeetingPackage.com

Search, book, and manage meeting and event rooms on a global scale. As a SaaS model, it also provides venue booking technology.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $3,997,161

You can find their website here.

23) Wello

Wello creates wave energy converters that have a low environmental impact.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $1,000,000

You can find their website here.

24) Wellmo

Wellness service providers and corporate employers can use a cloud-based mobile platform.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $3,902,515

You can find their website here.

25) Zapflow

Zapflow is a dealflow management application for professional investors.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $700,000

You can find their website here.

26) Distence

Industrial asset life cycle management is being disrupted. Concentrate on rotating equipment in high-stress industrial settings.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $5,629,147

You can find their website here.

27) Ladimo

Ladimo creates machine visionapplications for varied industry demands.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $1,840,291

You can find their website here.

28) Infinited Fiber Company

Infinite Fiber technology has a huge social, environmental, and economic impact on the textile value chain, as well as on everyone’s wardrobe.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $3,700,000

You can find their website here.

29) Popit Medical Technologies

Popit uses smart consumer gadgets to enhance drug adherence. We’re on a quest to make medicine more digital.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $1,417,960

You can find their website here.

30) Fluido

Salesforce Platinum Consulting Partner in the Nordics. In the moments that matter most, we make consumer data relevant.

Details of the startup:

• Number of employees: 51-100
• Funding amount: $3,574,194

You can find their website here.

31) Synoste

Synoste is a young firm that is working on new, patient-friendly medical treatments for bone abnormalities.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $11,809,627

You can find their website here.

32) New Nordic School

New Nordic School is on a mission to change the way people learn.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $2,460,374

You can find their website here.

33) Ambronite

Ambronite is a company that makes organic liquid meals that meet daily nutritional requirements in under two minutes.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $702,824

You can find their website here.

34) Omegawave

Omegawave is the world’s first scientifically validated and patented health and sports performance optimizer.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $5,547,859

You can find their website here.

35) Fortum

Fortum’s mission is to develop energy that will benefit current and future generations.

Details of the startup:

• Number of employees: 5001-10000

You can find their website here.

36) Teraloop

Teraloop is working on a breakthrough in utility-scale storage that will allow renewable energy to be integrated more easily.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $2,693,300

You can find their website here.

37) Desentum

Desentum is a Finnish biotech startup working on an allergy vaccination that uses the immune system.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $8,613,593

You can find their website here.

38) Lifetime Group

Lifetime Studios’ CIMS, the App Experts. Advisors You Can Trust are available through Lifetime Consulting.

Details of the startup:

• Number of employees: 11-50

You can find their website here.

39) OptiWatti

OptiWatti Oy is a Finnish company that develops OptiWatti, a completely automated heating and cooling system.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $4,437,398

You can find their website here.

40) Surgify

Surgify is working on innovative ways to safeguard these structures and avoid issues. Bleeding, infections, and nerve damage are all possibilities.

Details of the startup:

• Funding amount: $1,239,272

You can find their website here.

41) Flexound Systems

Flexound Systems is a fast-growing Finnish start-up whose goal is to create magical sound and touch experiences.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $961,502

You can find their website here.

42) VibeCatch

VibeCatch provides actionable information to help you grow your business while also making your workplace a better place to work.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $711,090

You can find their website here.

43) Entocube

EntoCube is a pioneer in the field of insect technology.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $787,962

You can find their website here.

44) ElFys

ElFys are photodiodes that are sensitive to ultraviolet light.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $774,910

You can find their website here.

45) Funzi

Funzi is working on a mobile learning and information service, with an emphasis on emerging markets at first.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $671,433

You can find their website here.

46) Evac

Evac is a global leader in integrated waste, wastewater, and water management systems for the maritime and offshore industries.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $296,221

You can find their website here.

47) WorkPilots

For Europe’s young, a mobile on-demand employment matching service.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $1,179,394

You can find their website here.

48) Quanturi

Quanturi is a company that creates and sells connected objects and solutions for data analysis.

Details of the startup:

• Funding amount: $1,500,000

You can find their website here.

49) Yetitablet

Yetitablet is the most user-friendly, adaptable, and high-performing large tablet on the market.

Details of the startup:

• Number of employees: 51-100
• Funding amount: $1,261,185

You can find their website here.

50) PuzzlePhone

They are confronted with ever-increasing pressures of rising consumption and dwindling resources.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $2,270,859

You can find their website here.

51) Mightifier

MightifierApp is a wellbeing app that focuses on mastering social and emotional abilities.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $250,000

You can find their website here.

52) Cuckoo Workout

Cuckoo Workout is a work wellness firm that provides a web-based activity game to its consumers.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $137,126

You can find their website here.

53) Connected Finland

Connected Finland is Finland’s first countrywide IoT operator.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $2,163,277

You can find their website here.

54) Ekorent

EkoRent provides car rental and sharing options that are economical, simple to use, and zero-emission.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $557,619

You can find their website here.

55) Navigil

Navigil creates, manufactures, and sells some of the world’s most advanced tracking platforms.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $55,915

You can find their website here.

56) Goodmill Systems

For mobile and fixed contexts, Goodmill Systems provides operator-independent, dependable, and cost-effective connection solutions.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $1,462,164

You can find their website here.

57) Host My Pet

Your Pet Sitter verified by Host My Pet

Details of the startup:

• Number of employees: 1-10
• Funding amount: $30,287

You can find their website here.

58) LiquidBlox

LiquidBlox streamlines the web design process and eliminates the need for coding in the creation and maintenance of websites and Shopify e-commerce stores.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $398,754

You can find their website here.

59) BiiSafe

BiiSafe provides mobile-based safety solutions and accessories for both consumers and businesses.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $249,221

You can find their website here.

60) Solar Water Solutions

Solar Water Solutions makes small-scale water filtration devices that are both environmentally friendly and cost effective.

Details of the startup:

• Funding amount: $53,761

You can find their website here.

61) Convion

Convion is a fuel cell system developer dedicated to bringing solid oxide fuel cell technology to market.

Details of the startup:

• Number of employees: 11-50
• Funding amount: $50,000

You can find their website here.

62) EKE-Electronics

EKE-Electronics is a train automation and system integration specialist.

Details of the startup:

• Number of employees: 101-250

You can find their website here.

63) CSC

CSC offers a wide range of IT services to support science, research, education, and information management.

Details of the startup:

• Number of employees: 10001

You can find their website here.

64) Nordic 24/7 Services

Nordic 24/7 Services is a cutting-edge intelligence firm that creates cooling units.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $1,283,852

You can find their website here.

65) Ubisecure

Enterprises may leverage Digital Identities to improve customer journeys, security, and privacy with Ubisecure’s Customer IAM platform.

Details of the startup:

• Number of employees: 51-100

You can find their website here.

66) Tecnotree

Tecnotree Corporation is a telecommunications firm that creates and distributes messaging and pricing solutions for carriers.

Details of the startup:

• Number of employees: 501-1000

You can find their website here.

67) Hatch Entertainment

Hatch is a game streaming platform that allows users to play, watch, and share games over the internet.

Details of the startup:

• Number of employees: 11-50

You can find their website here.

68) Meshly

Meshly is a mobile community for people who are always connected.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $169,701

You can find their website here.

69) HitSeed

HitSeed assists in the development of linked products and the provisioning of commercial items via IoT technologies.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $62,365

You can find their website here.

70) OpusCapita Group

OpusCapita Group Oy is a market leader in e-invoicing and financial processes in the Nordic region.

Details of the startup:

• Number of employees: 1001-5000

You can find their website here.

71) SkenarioLabs

Real estate owners, asset managers, and financial institutions can benefit from intelligent property analytics.

Details of the startup:

• Number of employees: 11-50

You can find their website here.

72) Orion Corporation

Orion is a well-being builder and a global running Finnish firm that develops medications and diagnostic tests.

Details of the startup:

• Number of employees: 5001-10000

You can find their website here.

73) Viima

Viima Solutions Oy is a privately held company situated in Espoo, Finland, that is developing a software-as-a-service platform for managing ideas and innovations.

Details of the startup:

• Number of employees: 11-50

You can find their website here.

74) Steerpath

Steerpath is a smartphone mapping and navigation tool that works indoors. There is no need for manual map construction or calibration.

Details of the startup:

• Number of employees: 11-50

You can find their website here.

75) Trinnect

Trinnect is a company that specializes in mobile healthcare.

Details of the startup:

• Number of employees: 1-10
• Funding amount: $25,000

You can find their website here.

76) Huhtamaki

Huhtamäki is a global consumer and speciality packaging company. Espoo, Finland is home to the company’s headquarters.

Details of the startup:

• Number of employees: 10001

You can find their website here.

77) Tuxera

Tuxera is a prominent developer of storage management software and networking solutions for embedded systems.

Details of the startup:

• Number of employees: 51-100

You can find their website here.

78) Profit Software

Profit Software is committed to providing insurers with tried-and-true, cutting-edge solutions as well as close collaboration.

Details of the startup:

• Number of employees: 51-100

You can find their website here.

79) Caidio

Caidio develops artificial intelligence (AI) tools to improve the quality and productivity of concrete building.

Details of the startup:

• Number of employees: 1-10

You can find their website here.

80) ZenTreasury

ZenTreasury is a SaaS and FinTech firm. For treasury and lease administration, we offer a modern financial platform.

Details of the startup:

• Number of employees: 1-10

You can find their website here.

81) Samlink

Samlink improves cost efficiency while also fostering business growth and technological advancement.

Details of the startup:

• Number of employees: 501-1000

You can find their website here.

82) Woodly

Woodly has created a carbon-neutral cellulose-based bioplastic that can be used in place of typical fossil-based plastics.

Details of the startup:

• Number of employees: 1-10

You can find their website here.

83) Sofigate

Sofigate is the Nordics’ foremost IT Management Design Office.

Details of the startup:

• Number of employees: 251-500

You can find their website here.

84) Nixu Corporation

In the fields of Corporate IT, Digital Business, and Industrial Internet, Nixu Corporation works to strengthen our clients’ cybersecurity.

Details of the startup:

• Number of employees: 51-100

You can find their website here.

85) OneStream

Complete cloud-based solution for live streaming pre-recorded videos to sites like Facebook Live, YouTube Live, and Periscope TV.

Details of the startup:

• Number of employees: 1-10

You can find their website here.

86) Concept.ly

Content.ly is a startup based in Finland that creates interactive apps from wireframes and drawings.

Details of the startup:

• Number of employees: 1-10

You can find their website here.

87) Casambi Technologies

You can control your lights using Casambi to create the perfect mood or ambient.

Details of the startup:

• Number of employees: 11-50

You can find their website here.

88) Innofactor

Innofactor is a company that specializes in cloud computing and digital transformation.

Details of the startup:

• Number of employees: 501-1000

You can find their website here.

89) Qentinel

Our robotic testing technology helps businesses produce fast and flawlessly by speeding up software development and providing insights.

Details of the startup:

• Number of employees: 101-250

You can find their website here.

90) Pilvi Cloud Company

Pilvi is a SaaS and cloud service provider-focused online sales automation tool.

Details of the startup:

• Number of employees: 1-10

You can find their website here.

91) Cozify

Cozify is a home automation company that specializes in wireless system installation and maintenance.

Details of the startup:

• Number of employees: 1-10

You can find their website here.

92) Medigoo Inc.

Selling home health analysis devices and kits. In the form of medical ailment articles, we provide thorough health information.

Details of the startup:

• Number of employees: 11-50

You can find their website here.

93) Mercuri International

Individuals and businesses all over the world benefit from Mercuri International Group AB’s sales management training and consulting services.

Details of the startup:

• Number of employees: 501-1000

You can find their website here.

94) Analyse²

For food shops, Analyse Solutions offers an assortment management system.

Details of the startup:

• Number of employees: 51-100

You can find their website here.

95) X-akseli

X-akseli is a health-care IT system provider that specializes on patient flow solutions.

Details of the startup:

• Number of employees: 11-50

You can find their website here.

96) LähiTapiola

LähiTapiola is a mutual company, or a set of enterprises owned by its customers, that serves the personal, farm, and entrepreneurial needs of its customers.

Details of the startup:

• Number of employees: 251-500

You can find their website here.

97) SYNLAB Suomi

SYNLAB Suomi provides medical diagnostic services such as magnetic resonance imaging and laboratory tests.

You can find their website here.

98) Taika3D

3D Machine Vision and Design Automation for the Orthotics and Prosthetics Industry

Details of the startup:

• Number of employees: 11-50

You can find their website here.

99) Generic Intelligent Machines

Generic Intelligent Machines is Finland’s foremost mobile robotics firm.

Details of the startup:

• Number of employees: 11-50

You can find their website here.

100) OneTool.app

In one area, you’ll find all of the most common business tools.

You can find their website here.

101) Addcomposites

AFP-Addcomposites XS’s is the smallest and lightest robotic arm end-effector for composite automation.

Details of the startup:

• Number of employees: 1-10

You can find their website here.

102) Delfoi Oy

Industry 4.0 solutions from Delfoi enable businesses to plan, execute, and manage their manufacturing and delivery operations.

Details of the startup:

• Number of employees: 11-50

You can find their website here.

103) APE Payment

APE Payment is an online payment collection solution that is both quick and cost-effective.

Details of the startup:

• Number of employees: 11-50

You can find their website here.

104) Exomi

Exomi is a well-known provider of mobile network operators with wireless messaging and mobile data infrastructure solutions.

Details of the startup:

• Number of employees: 11-50

You can find their website here.

105) Salusfin

Salusfin. Control and regulate the environment and appliances in your house.

Details of the startup:

• Number of employees: 11-50

You can find their website here.

106) Hakema

Hakema is a platform that offers reservation, marketing, rating, and consumer engagement services to service-based enterprises.

Details of the startup:

• Number of employees: 1-10

You can find their website here.

107) Clausion

Clausion is an industry leader in financial consolidation and management accounting software.

Details of the startup:

• Number of employees: 51-100

You can find their website here.

108) Holda Technologies

Holda is a software development and testing firm that specializes in software design, production, and development.

Details of the startup:

• Number of employees: 1-10

You can find their website here.

109) Oriola KD Corporation

In the pharmaceutical markets of Sweden, Finland, and the Baltic nations, Oriola-KD has a strong consumer and services business.

Details of the startup:

• Number of employees: 5001-10000

You can find their website here.

110) Kuusakoski Recycling

Kuusakoski Recycling offers ecologically friendly, data-protected, and cost-effective recycling services.

Details of the startup:

• Number of employees: 1001-5000

You can find their website here.

111) Voyantic

Voyantic specializes in RFID testing and measuring.

Details of the startup:

• Number of employees: 11-50

You can find their website here.

FAQs

What Is The Average Investment In Espoo?

The average investment in Espoo is $1.5 million.

Is Espoo A Good State To Start A Business?

Yes, the city has a lot to offer entrepreneurs, including a strong economy, a highly educated workforce, and a supportive business community. Additionally, the cost of living in Espoo is relatively affordable, which can be a major advantage for startup businesses.

How Many Startups Are There In Espoo?

There are over 400 startups in Espoo.