World Entrepreneurs' Day: 10 Hottest Finnish Startups

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World Entrepreneurs'Day is celebrated every year on August 21st around the world! Traditionally, the purpose of the World Entrepreneurs' Day is to create awareness for entrepreneurship, innovation and leadership throughout the world. In honor of this occasion, we are highlighting top 10 hottest Finnish startups to look out for and celebrate in 2019!


10 HOTTEST FINNISH STARTUPS IN 2019


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#1 Varjo - pioneering a new reality

Founded in 2016 in Helsinki, Varjo is producing an industrial-grade VR / XR headset that allows professionals in sectors from aerospace to architecture to work in human eye-resolution quality virtual or mixed reality when designing new products. The company is undergoing an exponential growth - they raised $31 million in Series B funding in October 2018.

 

#2 Solar Foods - protein source reinvented

Founded in 2017, Solar Foods is creating “food out of thin air” – producing an entirely new kind of nutrient-rich protein using only air, water, and electricity. An innovation created by leading clean-tech expertise of Finland and based on a concept by NASA, the unique and pure single-cell proteins of Solein are produced from CO2, water, and electricity. Startup has already raised €2 million.

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#3 ICEYE - ’new space’ movement

ICEYE provides broad access to timely and reliable radar satellite imaging for a variety of industries (to both commercial and governmental organizations). Using SAR technology, ICEYE is able to monitor acute issues, such as illegal fishing, oil spills, melting icebergs, and floods. The company launched its first micro-satellite (the world’s lightest of its kind) in January 2018. The startup has raised $65 million in funding and plans to have a network of 18 satellites up by 2020.

 

#4 GetJenny - new generation AI chatbots

GetJenny helps customer service people focus on tasks that require life experience by enabling companies to quickly and easily teach, deploy, and maintain human-directed AI to instant messaging on live chat platforms. Currently, the chatbot is available in over 30 languages. Startup has closed a $2.3 million seed funding round and have already partnered up with giants like Microsoft, Salesforce, and Slack.

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#5 Etsimo Healthcare – doctor in your pocket

Founded in 2016 in Turku, Etsimo aims to put a doctor in everyone’s pocket. By leveraging AI on a platform built specifically for healthcare, Etsimo’s virtual assistant helps patients to determine whether they need to see a doctor by entering their symptoms into Etsimo’s self-diagnosis solution. The startup raised funding from the Finnish healthcare service company Terveystalo in exchange for 20% equity.

 

#6 Grib – 3D without limits

Founded in 2016 in Helsinki, Grib is the world's first 3D software for augmented reality, that was created for students, designers, and anybody else that wants to easily create 3D models and unleash their creativity. Grib’s mobile AR technology is designed to provide users with a sense of the scale, size, and form of 3D models.

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#7 Ōura - living your best life

Oura ring is the the most accurate and comfortable sleep and activity tracker on the market. The new Ōura ring comes with advanced sleep tracking features and daily guidance that helps users align their lifestyle, activities and sleep habits to their natural circadian rhythm – the 24-hour genetic clock that regulates the functions of the human body. The startup has won multiple awards, and is continuing to gain high momentum on the market of smart wearable devices.

 

#8 HoxHunt – gamified cybersecurity

Founded in 2016 in Helsinki, HoxHunt offers gamified training solutions for employees to improve cybersecurity. HoxHunt’s AI solution simulates real phishing attacks on organisations’ users, while revealing the techniques attackers use to infiltrate organisations. Employees are rewarded for reporting the attacks – both real and simulated. The startup is trusted by the world’s leading security professionals, and has already raised €2.9 million.

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#9 ResQ - no meal left behind

Founder in 2015 in Helsinki, ResQ is on the mission to reduce food waste by offering their solution to restaurants, bakeries, cafes and hotels. Their mission to “leave no meal behind” saw them rescue more than 2M portions by allowing consumers to discover new restaurants at a 50% discount rate by ordering meals at the end of the restaurant day. With a 97% satisfaction rate on all orders, saving the world has never tasted this good.

 

#10 Zadaa - your very own boutique

Founded in 2015, Zadaa is a marketplace app which allows you to turn your closet into an online boutique. You can both sell and buy high fashion clothing straight from someone else’s closet. The service is extremely easy to use and is a great way to connect with shoppers alike from around the world. The startup has already expanded its services to over 300 fashionable cities in Germany, Denmark, Finland and more in the nearby future.

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Happy World Entrepreneurs'Day! More content on Europe’s hottest tech innovations, corporate venturing, digital transformation and more on our blog!

5 Disruptive FinTech Startups

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Fintech industry is booming - innovators and entrepreneurs across the globe are taking over. VCs are making the biggest bets in the financial sector, and the exponential growth of VCs spending doubled in 2018 comparing to all of 2016 and 2017 put together. Fintech is a multi-billion dollar industry with nearly 1,500 venture capitalist-backed deals - and the year is not over yet.

Completed VC deals for fintech startups

Apart from Stripe and SoFi, the vastly growing services that pop in the media and on the market a lot, there are dozens of newly born fintech unicorns that conquer B2C and B2B markets. We’ve picked 5 fintech growth companies that have become unicorns by challenging banks and other institutions with new disruptive technologies.


1. Revolut

www.revolut.com

London, England

This banking app provides mobile foreign exchange services designed to help in global money transfer. Expanded to the sectors of cryptocurrency trading, property investment and insurance, Revolut has quickly raised a whopping $250 million led by DST Global at a valuation of $1.7 billion in April. At the moment, a unicorn has a growing number of over 2 million customers with a count of £15 billion-worth of transactions.  

2. OakNorth

www.oaknorth.com

London, England

Another London-based fintech startup worth mentioning is OakNorth, which provides lending solutions for SME. The idea of giving loans that are backed by cash flow or a mix of other assets instead of property appealed to to several backers Singapore's EDBI and NIBC Bank, bringing OakNorth to the funding rounds of total $576 million.

3. N26

www.n26.com

Berlin, Germany

N26 is considered to be one of Europe's pioneers in digital banking, providing mobile banking services intended to redesign banking for the people, making it simple, fast and contemporary. Germany's unicorn raised $160 million in a round led by Allianz X and Tencent. It is expected that the company will process around $16 billion in transaction volume in 2018.


4. Coinbase

https://www.coinbase.com/

San Francisco, California

Continuing the cryptocurrency trends, US-based unicorn, Coinbase, is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin. The company has raised $217 million in funding, which allowed it to gain a unicorn status with a $1.6 billion valuation.

5. Atom Bank

www.atombank.co.uk

Durham, England

A mobile-only bank intended to offer internet banking services, Atom Bank, focuses on business lending and mortgage products. The company’s valuation is £450 million with netted £149 million in a round led by BBVA (again) and Toscafund. Atom Bank has already taken around £1.3 billion in deposits, as well as lent out more than £1.2 billion to businesses and homeowners.


Now, the real question arises - what is the next step for big banks and financial institutions to up the game, when competing for the same market space alongside innovators and disruptors becomes harder and harder? Catapult has an answer to that question - with its result-oriented and data-based services that help big corporations find the best tech solutions across Europe.

Stay tuned for more industry insights and digital sneak peeks!

Yours, Catapult team.


Finland's top 10 hottest startups

A journal called Talouselämä wrote an article where they listed 10 hottest startups in Finland according to their established council. The council consisted of professional venture capitalists and was led by Aalto University's Executive in residence, Bruce Oreck. They invited tens of startups that have gotten publicity and a hundred startups that Talouselämä had published news regarding their funding rounds.

All the startups are under five years old and their turnover was under 10 million euros in 2015. The startups listed below are not in a reciprocal order, but are all equally awesome and some of them we were lucky enough to meet at Slush last November.

Here's Finland's top 10 hottest startups:

Blueprint Genetics

Blueprint Genetics is a genetic diagnostics company that receives dna- samples from doctors and hospitals and investigates all the inheritable diseases. They provide actionable genetic knowledge for all medical specialties.

Claned Group

Claned is a cloud-based learning platform developed in close collaboration with its' end-users and educational experts. This platform utilizes Finnish pedagogy and machine learning. They help learners study more efficiently, offer adaptive and collaborative learning materials efficiently and apply digital learning intuitively.

Netmedi

Netmedi is a Nordic health technology company developing digital solutions for data-driven and personalized health care. Netmedi has an application that guides the patient through treatment and recovery and enables a consistent follow-up on the outcomes. It also enhances the communication and information flow between patients and their care teams.

 

Next Games

Next Games developed and designed a mobile game based on the tv-show walking dead and intertwined it as part of the television experience. Next Games create visually impressive, highly engaging games and have an ambitious strategy to develop lasting global mobile entertainment.

Paptic

Paptic is a revolutionary, environmental new material replacing paper and plastic. Paptic consists mainly of wood fibers but is twice as durable as normal paper and unlike plastic is 80% biodegradable. 

 

ResQ Club

With ResQ Club's app you can find meals that otherwise would go to waste. You'll get good quality restaurant food that's inexpensive and get to know new restaurants near you.

Smartly.io

Smartly.io developes a sotfware for optimizing and automating Facebook advertising and marketing at scale. 

Talentadore

Talentadore has developed a recruiting software that utilizes artificial intelligence. Their software gives personalized feedback to each job candidate, it also enables you to track and measure how your employer brand is evolving in real time. 

Vainu.io Software

Looks for data from the open sources of the web and offers tools and leads for sales organizations. 

 

Verto Analytics

Verto Analytics provides a consumer-centric measurement solution for monitoring the complex behavior of today’s consumer on every device, app, and platform they use throughout the day. Verto Analytics also provide data and insights that inform marketing, competitive intelligence, media buying, product strategy and development.