8 SaaS Startups in Finland

January 24, 2023

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SaaS startups have become the darling of Venture Capital investors, especially in Finland. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 8 VC funded SaaS startups in Finland .

Calqulate

Cash Runway and Growth Metrics for SaaS

Company details:
Founders:
Niko Laine, Osama Abdelmoghni
Founded:
2019
Based in:
Helsinki, Southern Finland, Finland
Website:
Calqulate
Industries:
Analytics, Data Visualization, Predictive Analytics, SaaS, Software
Latest funding:
$1,824,595
Seed
26 January 2021
Total funding:
$1,824,596
Investors
Maki.vc, 70Ventures, Herman Kienhuis, River Venture Partners

CHAOS

A revolutionary Location Intelligence solution for ethical business choices is called CHAOS. At CHAOS, we think that decision-making by stakeholders that is informed and centered on people is essential to the creation and development of livable cities. Businesses and services that result from interactions between these stakeholders, as well as those involved in the city development value chain, can get commercial insights from CHAOS to help them grow. CHAOS develops benchmarks and useful insights for the improvement of cities and enterprises by combining unstructured and geolocated data into a platform and applying scientific techniques and machine learning.

Company details:
Founders:
Jorge Urias, Natalia Rincón, Paloma Bautista
Founded:
2017
Based in:
Helsinki, Southern Finland, Finland
Website:
CHAOS
Industries:
Architecture, Artificial Intelligence, Geospatial, Location Based Services, Machine Learning, SaaS, Service Industry, Smart Cities, Software
Latest funding:
$1,817,998
Seed
28 January 2021
Total funding:
$2,107,999
Investors
Stefan Lindeberg, Nidoco, Tapio Heikkilä, Kai Keituri

Flowhaven, Licensing Suite

The best platform for managing brand licensing is Flowhaven. With Flowhaven, licensing professionals can automate every stage of the brand licensing workflow process, including planning and strategy, account and agreement management, content distribution, design approvals, royalty reporting, and more, all within a single solution. Flowhaven is built on Salesforce, the top customer relationship management (CRM) platform. A member of Licensing International, Flowhaven has offices in Helsinki, Los Angeles, and London. Please visit https://www.flowhaven.com for further details.

Company details:
Founders:
Jess Trinca, Kalle Torma, M L, Timo Olkkola
Founded:
2016
Based in:
Helsinki, Southern Finland, Finland
Industries:
SaaS, Software
Latest funding:
$16,000,000
Series A
28 January 2021
Total funding:
$21,200,000
Investors
Global Founders Capital, Icebreaker.vc, Sapphire Sport

HEI Schools

The Finnish early learning approach has been packaged by HEI Schools to meet the various demands of early education providers worldwide. By promoting the fact that they are utilizing a Finnish-based curriculum, HEI Schools Toolkit digital clients may gain an advantage over rivals while also saving money on teacher resources and planning time thanks to lesson plans that are constantly updated. Participants in the Teacher Certificate program can find out more about the famous and in-demand Finnish educational system. Customers of HEI Schools Learning Centers benefit from a turn-key approach with a fully branded model that includes teacher preparation, lovely space design, a worldwide community, and operational support in addition to the high-quality curriculum.

Company details:
Founders:
Milla Kokko
Founded:
2015
Based in:
Helsinki, Southern Finland, Finland
Website:
HEI Schools
Industries:
EdTech, Education, Primary Education, SaaS, Software, STEM Education, Training
Latest funding:
$2,379,210
Series A
11 April 2021
Total funding:
$3,702,400
Investors
Practica Capital, Tesi

Leadoo Marketing Technologies

The Nordic region's fastest-growing MarTech firm is Leadoo Marketing Technologies. Leadoo, which was founded in 2018, has over 750 clients worldwide and has effectively converted up to 6X more sales leads than in the past. Leadoo, the world's first and only lead-driven marketing platform, is a straightforward toolbox we offer to help you convert inactive website users into qualified leads in a personable and interactive manner. By doing this, we assist businesses in increasing lead generation, converting more qualified applications, and enhancing customer service using bots and humans. Leadoo was created with one goal in mind: outcomes. It offers everything you need to boost your marketing ante and surpass sales goals. Our goal is to improve marketing and sales performance by fostering deep connections between businesses and their clients.

Company details:
Founders:
Mikael da Costa
Founded:
2018
Based in:
Helsinki, Southern Finland, Finland
Industries:
Content Marketing, Digital Marketing, Information Technology, Internet, Lead Generation, Marketing, Marketing Automation, SaaS, Software
Latest funding:
$6,087,249
Series A
23 January 2021
Total funding:
$9,426,148
Investors
OpenOcean

Sniffie Software

Sniffie assists online retailers in monitoring competition pricing, best-selling merchandise, availability, and other pertinent actions. For e-commerce businesses selling items and seeking to improve their margins and profitability, AI-supported SaaS pricing software is available. eCommerce teams may simply leverage Sniffie's AI-assisted pricing optimization to increase their profitability or apply complex market tactics to allow quicker, more accurate, and lucrative pricing. a vital tool for expanding e-commerce businesses. Pricing Management Platform Pricing Automation Pricing Software

Company details:
Founders:
Niko Naakka, Tomi Grönfors, Tuomas Uutela
Founded:
2015
Based in:
Helsinki, Southern Finland, Finland
Industries:
B2B, Big Data, E-Commerce, Information Technology, Internet, Machine Learning, Price Comparison, SaaS, Software
Latest funding:
$1,420,438
Seed
1 February 2022
Total funding:
$2,738,290
Investors
Business Finland, Superhero Capital

Swarmia

Swarmia is an engineering productivity platform that gives engineering leaders, managers, and teams the insights they need to see what’s slowing them down and the tools to resolve those blockers. It connects with the platforms your engineering teams are already using: source code hosting (GitHub), issue tracker (Jira/Linear), and chat (Slack). With Swarmia, you can measure key engineering metrics (like DORA metrics, SPACE, and more) and use use those insights to make gradual changes across productivity, collaboration, and workflow.

Company details:
Founders:
Otto Hilska
Founded:
2019
Based in:
Helsinki, Southern Finland, Finland
Website:
Swarmia
Industries:
SaaS, Software
Latest funding:
$6,884,174
Seed
12 May 2021
Total funding:
$8,091,924
Investors
Lifeline Ventures, Alven, Alex Algard, Lars Fjeldsoe-Nielsen, Irena Goldenberg

Trustmary

Trustmary helps companies gather feedback, measure NPS, get reviews and use social proof to improve conversion rates.

Company details:
Founders:
Johannes Karjula, Valtteri Ylimäki
Founded:
2015
Based in:
Jyväskylä, Western Finland, Finland
Website:
Trustmary
Industries:
SaaS, Video
Latest funding:
$1,340,000
Seed
14 September 2021
Total funding:
$2,228,000
Investors
Business Finland, Vendep Capital

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