Finland's technology sector secured €1.3 billion across 53 deals in the first half of 2026. The space industry dominated the landscape, accounting for €900 million of the total capital raised. The remaining funding was distributed among deeptech, quantum computing, AI infrastructure, energy, and semiconductor sectors.
ICEYE led the market by raising €900 million to expand its satellite constellation. Verda secured $117 million to scale its AI cloud infrastructure and international operations. Solar Foods obtained €77.8 million for the construction of its Factory 02 facility, while IQM Quantum Computers received €50 million from BlackRock-managed funds.
Other notable funding rounds included Qutwo with €25 million for its AI and quantum platform and Algorithmiq with €19.7 million for drug discovery research. Kelluu raised €15 million for hydrogen-powered airships, Capalo AI secured €11 million for energy storage optimization, and both Quanscient and Vexlum raised €10 million each.
The funding mix for the period included pre-seed and seed rounds, growth financing, debt, and grants. This activity highlights a combination of large-scale investments in established companies and a steady pipeline of early-stage startups across various research-intensive and emerging technology sectors.
