Country comparison
Finland vs Italy: startup funding compared
Since 4 June 2025, startups in Finland raised $2.1B across 64 rounds, 1.2 times Italy's $1.8B.
Capital raised running total by month
Where the money goes share of capital by sector
Finland
Italy
Biggest rounds
Stage mix share of rounds
Most active investors rounds joined
| Investor | Finland | Italy |
|---|---|---|
| CDP Venture Capital | · | 29 |
| Lifeline Ventures | 14 | · |
| Vento | · | 11 |
| 360 Capital | · | 8 |
| United Ventures | · | 8 |
| Tesi | 7 | · |
| Italian Founders Fund | · | 6 |
| Antler | 5 | · |
| Club degli Investitori | · | 5 |
| Vento Ventures | · | 5 |
| Vertis SGR | · | 5 |
| Base10 Partners | · | 4 |
Startup hubs rounds and capital by city
Finland
Italy
Latest rounds
Questions
Which country raised more startup funding, Finland or Italy?
Finland. Since 4 June 2025, startups in Finland raised $2.1B across 64 rounds, against $1.8B across 117 rounds in Italy, 1.2 times more. That is 0.3% and 0.3% of all the capital FundraiseBase tracked worldwide over the period.
How many startup funding rounds were announced in Finland and Italy?
64 rounds in Finland and 117 rounds in Italy since 4 June 2025, about 4 and 7 a month.
Are startup rounds bigger in Finland or Italy?
The median round is $4.5M in Finland and $3.8M in Italy, and the average round $33.5M and $15.3M. The median shows the typical round; the average is pulled up by a few very large ones.
What is the biggest startup round in Finland?
The biggest startup rounds in Finland since 4 June 2025 are Oura ($900M, Series E, 14 Oct 2025), IQM Quantum Computers ($300M, Series B, 3 Sept 2025) and Verda ($189M, Series B, 22 Sept 2026).
What is the biggest startup round in Italy?
The biggest startup rounds in Italy since 4 June 2025 are Exein ($270M, 15 Sept 2026), Bending Spoons ($270M, Growth, 30 Oct 2025) and AAVantgarde Bio ($141M, Series B, 3 Nov 2025).
Which sectors attract the most startup funding in Finland and Italy?
In Finland, Health ($914M, 43% of the capital), Robotics & Hardware ($496M, 23%) and AI ($449M, 21%) lead. In Italy, AI ($544M, 30% of the capital), Enterprise software ($358M, 20%) and Health ($335M, 19%) lead.
Is Finland or Italy better for early-stage startups?
Early-stage rounds (Pre-Seed, Seed and Series A) make up 69% of rounds in Finland and 57% in Italy. Finland recorded 36 Pre-Seed or Seed rounds and Italy 52 Pre-Seed or Seed rounds, with a median of $3.1M and $2.3M.
How much growth funding (Series B and later) goes to Finland and Italy?
Startups in Finland raised $1.6B in 5 Series B or later rounds, 74% of the country's capital. In Italy, $461M in 8 rounds, 26% of the capital.
Who are the most active startup investors in Finland?
Lifeline Ventures (14 rounds, 9 led), Tesi (7 rounds, 1 led) and Antler (5 rounds, 2 led) are the most active investors in Finland.
Who are the most active startup investors in Italy?
CDP Venture Capital (29 rounds, 10 led), Vento (11 rounds) and United Ventures (8 rounds, 6 led) are the most active investors in Italy.
Which investors back startups in both Finland and Italy?
6 investors joined rounds in both countries. The most active: Inventure (2 in Finland, 1 in Italy), Redstone (2 in Finland, 1 in Italy), Keen Venture Partners (1 in Finland, 2 in Italy), Earlybird (1 in Finland, 1 in Italy) and LIFTT (1 in Finland, 1 in Italy).
Which cities lead startup funding in Finland and Italy?
Oulu leads Finland with $902M across 2 rounds, ahead of Helsinki ($561M). Milan leads Italy with $976M across 53 rounds, ahead of Rome ($381M).
Which month brought the most startup funding?
In Finland, October 2025 ($900M). In Italy, October 2025 ($474M).
How much did startups in Finland and Italy raise in the last 90 days?
In the 90 days to 12 Nov 2026, startups in Finland raised $243M across 8 rounds and in Italy $391M across 12 rounds.
Where does this data come from?
FundraiseBase lists startup funding rounds from public announcements: press releases, company posts and news coverage, checked and updated every day. Amounts are in US dollars. Some rounds are never announced, so the figures show what was made public, not every round. Corrections are welcome.