Country comparison

Finland vs Mexico: startup funding compared

Since 4 June 2025, startups in Finland raised $2.1B across 64 rounds, 1.6 times Mexico's $1.3B.

$2.1BCapital raised$1.3B
64Rounds23
$4.5MMedian round$13M
0.3%Share of all capital0.2%
69%Early-stage rounds61%

Capital raised running total by month

$2.1B$1.1B Finland, end of Jun 25: $58.2MFinland, end of Jul: $89.8MFinland, end of Aug: $92.7MFinland, end of Sept: $477MFinland, end of Oct: $1.4BFinland, end of Nov: $1.5BFinland, end of Dec: $1.7BFinland, end of Jan 26: $1.7BFinland, end of Feb: $1.7BFinland, end of Mar: $1.8BFinland, end of Apr: $1.8BFinland, end of May: $1.9BFinland, end of Jul: $1.9BFinland, end of Aug: $1.9BFinland, end of Sept: $2.1BFinland, end of Oct: $2.1BFinland, end of Nov: $2.1BMexico, end of Jun 25: $14.6MMexico, end of Jul: $191MMexico, end of Aug: $214MMexico, end of Sept: $314MMexico, end of Oct: $337MMexico, end of Nov: $344MMexico, end of Dec: $358MMexico, end of Jan 26: $382MMexico, end of Feb: $692MMexico, end of Mar: $700MMexico, end of Apr: $1.1BMexico, end of May: $1.1BMexico, end of Jul: $1.1BMexico, end of Aug: $1.1BMexico, end of Sept: $1.3BMexico, end of Oct: $1.3BMexico, end of Nov: $1.3B Jun 25SeptDecMarJulOct
FinlandMexico
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Where the money goes share of capital by sector

Finland

  • Health43%$914M
  • Robotics & Hardware23%$496M
  • AI21%$449M
  • Other4%$78M
  • Climate & Energy3%$55.6M
  • Cybersecurity3%$54.5M

Mexico

  • Fintech45%$596M
  • Other32%$420M
  • AI20%$263M
  • Health3%$35.8M
  • Consumer0%$2M

Biggest rounds

Stage mix share of rounds

FinlandMexico
56%Pre-Seed and Seed26%
13%Series A35%
5%Series B0%
3%Series C and later22%
23%Other or undisclosed17%

Most active investors rounds joined

InvestorFinlandMexico
Lifeline Ventures14·
Tesi7·
Antler5·
Business Finland4·
byFounders3·
Cal Henderson3·
General Catalyst12
Greencode Ventures3·
Innovestor3·
Maki.vc3·
Superhero Capital3·
Voima Ventures3·

Startup hubs rounds and capital by city

Finland

  • Oulu2$902M
  • Helsinki33$561M
  • Espoo9$559M
  • Tampere2$18.7M
  • Kouvola1$11.7M
  • Kuopio1$2.9M

Mexico

  • Mexico City12$867M
  • Guadalajara1$7.8M

Latest rounds

Questions

Which country raised more startup funding, Finland or Mexico?

Finland. Since 4 June 2025, startups in Finland raised $2.1B across 64 rounds, against $1.3B across 23 rounds in Mexico, 1.6 times more. That is 0.3% and 0.2% of all the capital FundraiseBase tracked worldwide over the period.

How many startup funding rounds were announced in Finland and Mexico?

64 rounds in Finland and 23 rounds in Mexico since 4 June 2025, about 4 and 1 a month.

Are startup rounds bigger in Finland or Mexico?

The median round is $4.5M in Finland and $13M in Mexico, and the average round $33.5M and $57.3M. 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 Mexico?

The biggest startup rounds in Mexico since 4 June 2025 are Plata ($405M, Series C, 17 Apr 2026), Kavak ($300M, Series F, 17 Feb 2026) and Klar ($170M, Series C, 1 Jul 2025).

Which sectors attract the most startup funding in Finland and Mexico?

In Finland, Health ($914M, 43% of the capital), Robotics & Hardware ($496M, 23%) and AI ($449M, 21%) lead. In Mexico, Fintech ($596M, 45% of the capital), AI ($263M, 20%) and Health ($35.8M, 3%) lead.

Is Finland or Mexico better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 69% of rounds in Finland and 61% in Mexico. Finland recorded 36 Pre-Seed or Seed rounds and Mexico 6 Pre-Seed or Seed rounds, with a median of $3.1M and $4.8M.

How much growth funding (Series B and later) goes to Finland and Mexico?

Startups in Finland raised $1.6B in 5 Series B or later rounds, 74% of the country's capital. In Mexico, $1B in 5 rounds, 79% 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 Mexico?

Kaszek (2 rounds, 2 led), Andreessen Horowitz (2 rounds, 1 led) and Monashees (2 rounds, 1 led) are the most active investors in Mexico.

Which investors back startups in both Finland and Mexico?

3 investors joined rounds in both countries. The most active: General Catalyst (1 in Finland, 2 in Mexico), Heartcore Capital (1 in Finland, 1 in Mexico) and 6 Degrees Capital (1 in Finland, 1 in Mexico).

Which cities lead startup funding in Finland and Mexico?

Oulu leads Finland with $902M across 2 rounds, ahead of Helsinki ($561M). Mexico City leads Mexico with $867M across 12 rounds, ahead of Guadalajara ($7.8M).

Which month brought the most startup funding?

In Finland, October 2025 ($900M). In Mexico, April 2026 ($405M).

How much did startups in Finland and Mexico raise in the last 90 days?

In the 90 days to 10 Nov 2026, startups in Finland raised $243M across 8 rounds and in Mexico $190M across 2 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.

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