44 HELSINKI

Beginning with Nokia, the Abraham of the Finnish startup scene, Helsinki’s entrepreneurial community has been fueled by a strong education system. Hot game companies such as Rovio and Supercell, and a long winter, which provide a winning combination for lasting innovation. Super hot innovation conference Slush attracts over 20,000 attendees to Helsinki in the middle of the winter. From using a squirrel as their symbol, to having the Wife Carrying Championships (exactly what it sounds like), to throwing cell phones as competition, the Finns have a wealth of self-amusement activities for when they aren’t building companies.

VENTURE ACTIVITY Q4’15 - Q3’16

VC FUNDING: $149.7M

DEALS: 59

EXITS: 24

5 YEAR YoY FUNDING GROWTH: 104.4%

5 YEAR YoY DEAL GROWTH: 63.8%

Source: CB Insights

ANGELS

Brett Mason

Christian Thaler-Wolski

Jyri Engeström

Net Jacobsson

Peter Vesterbacka

Risto Siilasmaa

Sean Seton-Rogers

VCs

Accel Partners

Atomico

Initial Capital

InVenture

Lifeline Ventures

London Venture

Nexit Ventures

Open Ocean

PROfounders Capital

ACCELERATORS

Koppicatch

NewCo

Startup Sauna

xEdu

ENTREPRENEURSHIP EVENTS

European Business Angel

Helsinki Opencoffee Meetup

Lean Startup Helsinki

Slush

Startup Weekend Helsinki

Q4’15 - Q3’16 TOP FUNDING ROUNDS

Wolt—$12.4M

Jolia—$12M

Canatu—$11.3M

Next Games—$10M

GreenStream Network—$4.5M

44

HELSINKI

VENTURE ACTIVITY Q4’15 - Q3’16

HELSINKI AT A GLANCE

Power Breakfast

Coffee Shops to Start Up In

Best Bar

Local Beer

“Must Be At” Local Events

In the Know

THE TOP

ANGELS

VCs

ACCELERATORS

ENTREPRENEURSHIP EVENTS

Q4’15 - Q3’16 TOP FUNDING ROUNDS