Finnish companies raised more than $1 billion in funding in 2020, according to The State of European Tech 2020, an annual report published by Atomico. Finland doubled the amount from 2019, which shows that Finland is a lucrative market for investors despite the global pandemic.
Meanwhile, Espoo took a top 10 spot among European investment hubs, finishing eighth — just in front of Helsinki.
Espoo's status as a leading Finnish and European startup and sustainable business ecosystem is boosted by the fact that 49% of Nasdaq Helsinki's stock turnover comes from listed companies based in Espoo. In addition, the revenue by Espoo-based companies accounts for 45% of the total revenue by listed Finnish companies.