1、LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONTILES WITH SHADOWALIGN HERE TEXT BOXESUSE THESE FOR ANY TEXT BOXBUTTONSALIGN HEREPALETTESALIGN HERE TILES/POINTERSALIGN HERE Helsinki startup ecosystem2023June

2、2023FINTECHIMPACTMRKTPLCSFOODTECHDEALROOMSIGNALTitle H1SubtitleParagraphValuesCaptionCall to actionCall to actionTitle AdsCover TtlQuoteWit titleNNNNPage/2 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONWhy

3、this report?This report builds on the first edition of Helsinkis Startup Funding report published in 2021,with fresh data collected from 2K companies based in Greater Helsinki Area.The findings of this report aim to help measure the size of Helsinkis startup ecosystem in different fronts,from local

4、value creation to employment.The report also places the city in contrast to regional and global ecosystems of similar sizes.The analysis in this report cover a wide range of metrics to help readers navigate the citys startup ecosystem,including VC investment and value creation over time,where most j

5、obs are created across the startup lifecycle,the ecosystems biggest sectors and fastest growing niches and beyond.A few words on our methodology.This edition covers startup employment at 1.2K Helsinki-based startups,on the basis of data collected in March 2023.The majority of the data presented in t

6、his report is made available by Business Helsinki on the Startup Map,which is powered by Dealroom in partnership with Business Helsinki.This report focuses on companies currently headquartered in Helsinki,and reports on local jobs,i.e.jobs at local(homegrown)startups,based in the Greater Helsinki Ar

7、ea.Throughout the report,“startup”is used to commonly refer to all subtypes of eligible companies,including startups,scaleups and grownups.Foreign startups and tech companies with a presence in Helsinki,and startups founded in Helsinki but relocated elsewhere are not included.Please refer the method

8、ology section at the end of this report for more details on our approach.The report shows the resilience of the Greater Helsinki ecosystem regardless the current economic turbulence.We still have a vibrant and international startup scene that employs a great number of international talent.”Paula Mie

9、ttinenDirector,Business ServicesBusiness Helsinki“Page/3 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTEREXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONDealroom.coDESIGN CONTENTVisit helsinki.dealroom.coto explore Helsinkis ecosystem in greater depth.Initiated b

10、yPowered byPage/4 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONDealroom.coKey takeaways.Takeaway#1Blurb#1Takeaway#2Blurb#2Takeaway#3Blurb#3TITLE CHARTTITLE CHARTTITLE CHARTHelsinkis startup employme

11、nt snapshot.5.4K21.3KIn HQ locationJobs in the rest of FinlandOutside of Finland18.8KGeographical distribution of jobs at Helsinki-based startups17Median team size(HQ headcount)1.2KHomegrown startups,scaleups and grownups with known employment data 10 yearsMedian age21.3KLocal jobs at homegrown star

12、tupsHelsinkis Startup Employment landscapeKey figuresIn Helsinki,nearly 50%off all jobs are created by smaller companies.Job creation is driven by smaller companies those with less than 50 global employees.As of March 2023,1K startups employed 47%of all employees in the ecosystem.3 in every 5 local

13、jobs are created by companies founded since 2012.The 800+companies founded in Helsinki since 2012 employ 11.7K people,or 61%of Helsinki startup workforce.Helsinki startups attracted 204M in H1 2023 so far,with VC investment going back to 2017-18 levels.However,when excluding megarounds,Helsinki show

14、s more resilience than the Nordic average(-28%vs-33%),and ahead of other Nordic hubs.Helsinki is a hotspot for deep tech and impact.Helsinki deep tech startups raised 30%of all VC investment since 2022,and they make up 26%of all startup jobs in the city.While impact startups make up 14%of the workfo

15、rce.What you need to know.Key Figures.19K local jobsJobs in Helsinki created by 1.2K job-creating startups on helsinki.dealroom.co.23K jobs abroad created by Helsinki startupsHelsinki startups created another 22K globally.201MVC investment raised in H1 2023 YTDHelsinki startups have raised 201M in 2

16、023 so far.30%of all VC investment since 2022 raised by deep tech startups.Deep tech startups generate 26%of local jobs.19K local jobsJobs in Helsinki created by 1.2K job-creating startups on helsinki.dealroom.co.23K jobs abroad created by Helsinki startupsHelsinki startups create another 23K jobs g

17、lobally.204MVC investment raised in H1 2023 YTDHelsinki startups have raised 204M in 2023 so far.30%of VC investment since 2022 was raised by deep tech startups.Deep tech startups also make up 26%of local jobs.Page/5 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1

18、GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONPlaceholder textTable of contents.Dealroom.coCo-authors:Lauri MttnenProgram Manager at Business HelsinkiLouis Geoffroy-TerrynEcosystem Research Leadat Dealroom.coName SurnamePositionat CompanyName SurnamePositionat CompanyWith contribut

19、ions fromName SurnamePositionat CompanyName SurnamePositionat CompanyName SurnamePositionat CompanyDESIGN CONTENTCarla NapoleoInnovation Analystat Dealroom.co1.Helsinki in perspective 2.Startup Jobs in Helsinki3.Startups&the broader economyA.Investment landscapeB.Ecosystem valueC.European and Global

20、 Benchmark C.Jobs creation,value and VC investmentD.Jobs by IndustryE.Job creation trendsF.Skills distributionPage/6 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONCompanies in this report.GrownupsMore than

21、500 people globally,founded in Helsinki after 1990.Scaleups51-500 people globally,founded in Helsinki after 1990.StartupsCompanies designed to grow fast.VC-backed business model.Less than 50 people,founded in Helsinki after 1990.A company designed to grow fast.Generally,such companies are VC-investa

22、ble businesses.Rapidly scaling company(and tech enabled)that has reached a$1 billion valuation.Fast-growing companies founded after 1990,valued between$250M-$1B,which raised at least one funding round since 2017(see Helsinkis future unicorns).Startups with current main center of business in Helsinki

23、.Jobs based in the companys own headquarters locations,e.g.jobs at Wolt in Helsinki.All jobs created by Helsinki-based startups globally,including jobs in headquarters and in the rest of Finland,e.g.ICEYEs global workforce.StartupUnicornHomegrown startupGlobal jobsLocal jobsFuture unicornNote:unless

24、 otherwise mentioned,“jobs”refer to local jobs throughout this report.More detailed information on the methodology and underlying data can be found in the dedicated section at the end of this report,and on knowledge.dealroom.co.Useful terms to navigate this reportCompanies in this report.Source:Deal

25、room.coPage/7 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION1.Chapter nameHelsinki in perspectivePage/8 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTEN

26、TALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION10-50M50+M22companies21companiesHelsinki HQd startups have raised 204M so far in 2023,with VC investment levels going back to 2017-18 levels.Dealroom.co.*Data up to May 2023.Due to report lag,the last 12 months are systematically under reporting especiall

27、y on early-stage rounds.202.7B1.4B1.0B2022 01M(pre-seed)14M(seed)415M(Series A)1540M(Series B)40100M(Series C)100-250M 250M+500M Growth Equity$210M Series DVC investment in Helsinki startups view online0.5B 1.0BH1 2023YTD*H12022H12021H12020H12019H120171.2B204M 250m+100250m 4010

28、0m(series C)1540m(series B)415m(series A)14m(seed)01m(pre-seed)GrowthBreakoutEarlyH120181.0B284M453M301M128MPage/9 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLEGEND10-50M50+M22companies21companies

29、Early to mid-stage investment has declined 51%year to date,while late-stage investment and megarounds have become much scarcer,declining over 90%so far this year.Dealroom.co.*Data up to May 2023.Due to report lag,the last 12 months are systematically under reporting especially on early-stage rounds.

30、Investment under 40M in Helsinki startups view online0-1M(pre-seed)1-4M(seed)4-15M(series A)15-40M(series B)400MH12020H12021 H1 2023YTD*H12019H1 2018H12017139M387M285MH12022 Change in VC Investment(40M)in selected Nordic cities,H1 2023 vs H1 2022300M200M100M500MH12020H12021 H1 2023YTD*H12019H1 2018H

31、12017199M478M285MH12022 400M300M200M100MInvestment above 40M in Helsinki startups view online 40100M(series C)100250M 250M+1BH12020H12021 H1 2023YTD*H12019H1 201865M573M927MH12022 800M600M400M200M128MPage/10 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EX

32、TRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLEGENDDealroom.co.|Created with Datawrapper.de.*Data up to May 2023.When excluding megarounds,Helsinki startup investment has shown more resilience than the Nordic average in the last year.Growth in VC Investment excluding megarounds H1 2023*vs

33、H1 2022Top Nordic hubs for VC investment excluding megarounds H1 2023*ReykjavkHelsinkiOsloNordic averageStockholmMalmCopenhagenGothenburg-23%-28%-32%-33%-41%-47%-47%-50%Page/11 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CON

34、TENT/SOURCES/INSPIRATION10-50M50+M22companies21companiesDealroom.co.Undisclosed include unknown investors and investors with undisclosed HQ location.*Data up to May 2023.VC Investment in Helsinki startups by location of investors,2020-2023 YTD*view onlineRest of the worldUS investorsEuropean investo

35、rsSelected foreign investors active in 2020-23While local investors contribute 30%of VC investment,cross-border European investors are the biggest contributors of VC investment in Helsinki.2002120222023 YTD*40%60%80%100%20%Domestic European United States Asia Rest of World Undisclosed*19%

36、26%47%4%1%3%27%Domestic33%European6%Undisclosed6%Rest of World26%USADomestic30%IDC venturesCuriosity VCNidoco groupEndeit CapitalEurazeoTera VenturesAtomicoCherry VenturesFJ LabsGeneral Catalyst PartnersTiger Global ManagementBlackRockK5 GlobalVarma CapitalPlay VenturesAntlerTencentPage/12 Source:EX

37、TRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2In Helsinki,local investors maintain a significant role at early-stage.Dealroom.co.*Data up to May 2023.Early to mid stage VC investment(0-40M)in selected hubsInv

38、estment by investor location,2020-2023 YTDearlyDomesticEuropeanUSARest of the world(incl.Asia)UndisclosedStockholm44%23%11%4%18%Helsinki41%32%9%6%13%European Average41%20%14%6%19%Amsterdam36%28%17%5%15%Oslo35%17%12%7%30%Copenhagen31%32%13%4%19%Tallinn22%37%11%8%21%Top 40M rounds with domestic invest

39、or participation since 2020 view online StockholmEuropean AverageAmsterdamOsloCopenhagenTallinnHelsinki41%32%9%6%13%Domestic European USA Rest of the world UndisclosedPage/13 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTE

40、NT/SOURCES/INSPIRATIONLEGENDDeep Tech is the most funded segment in Helsinki,followed by Impact.Dealroom.co.*Deep tech is fundamentally new science and Engineering.To learn more about Dealrooms deep tech methodology visit the Dealrooms dedicated Deep Tech platform.*To be an impact company means havi

41、ng sustainable development at the core of the businesss values.To learn more about Dealrooms Impact methodology consult the knowledge page.Top industries by VC investment raised 2022-23*Funding rounds raised by Helsinki deep tech startups view online181.1M123.8M81.4M60.0M48.5M29.3M26.2M25.4M22.4M13.

42、3MDeep Tech*Impact*Real EstateMarketingLegalHealthFintechGamingEnergyFoodPage/14 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLEGEND10-50M50+M22companies21companiesHelsinki Deep Tech startups have r

43、aised 30%(or$309M)of all VC investment on 2022/23.HelsinkiNordicsDeep Tech*Impact*Real EstateMarketingLegalHealthFintechGamingEnergyFoodDealroom.co.*Deep tech is fundamentally new science and Engineering.To learn more about Dealrooms deep tech methodology visit the Dealrooms dedicated Deep Tech plat

44、form.*To be an impact company means having sustainable development at the core of the businesss values.To learn more about Dealrooms Impact methodology consult the knowledge page.%of total VC investment by sector in 2022-2333%27%9%6%5%3%3%3%2%1%10%27%2%2%1%11%22%3%2%4%Page/15 Source:EXTRA CONTENTALI

45、GN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 210-50M50+M21companiesHelsinki startups are worth 48B,up 2.9x since 2018.Helsinki ranks third by value of Nordic ecosystems.Dealroom.co.*Sum of the valuations of startups founde

46、d in the ecosystem.Using estimated valuations based on most recent VC rounds,public markets and publicly disclosed valuations as of May 2023.Combined enterprise value of founded/HQ Helsinki startups view online1.5B2.9x48B17BCombined enterprise value of Helsinki startups per launch year view onlineCo

47、horts 2017-now 2012-2016 2006-2011 Before 2005 Share in 202324%25%41%10%Combined enterprise value of selected Nordic ecosystems48B46B38B24B19B17BStockholmCopenhagenOsloGothenburgMalmReykjavik226B98B45B25B17B5B5BAarhus20219201850.0 B202340.0 B30.0 B20.0 B10.0 BHelsinki48BPage/16 Source:LOG

48、OS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONHelsinkis ecosystem is growing faster than European benchmarks.EV,HQ/founded,in$B,in 2018EV,HQ/founded,in$B,in 2023Growth 2018 vs 2023Oslo8B45B5.6Copenhagen30B98B3

49、.2Helsinki17B48B2.9Stockholm89B226B2.5Tallinn11B28B2.5Amsterdam118B237B2.020182023 Value growth5.3x3.5x3.2x3.0 x2.9x2.5x$332B$261B$340B$393B$239B$876B$964B$649B$1900B$1100B$6900BBostonLondon$770BBeijing$476BNew York City$3200BBay Area2.5x2.3x2.2x$75BParis$113BCopenhagen$295BLos Angeles$64B Oslo11BDe

50、alroom.co.Sum of the valuations of all startups in the ecosystem.Using estimated valuations based on most recent VC rounds,public markets and publicly disclosed valuations.Helsinkis ecosystem is growing faster than European benchmarks.5.6x3.2x2.9x2.5x2.5x2.0 x2018Value growth20238B 45B Oslo 48B Hels

51、inki 28B Tallinn226B Stockholm237B AmsterdamEcosystem value of fastest growing European ecosystemsGrowth B17B89B118B 98B Copenhagen Page/17 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTEREXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONEarly Stage VC p

52、er inhabitantBreakout stage VC per inhabitantLate Stage VC per inhabitantSuccessful alumni founders per inhabitantPatents per inhabitantDeep tech unicorns per inhabitant28Detroit7129Paris37494117335030Oulu546Luxembourg732Dublin42355228209233 Helsinki22322833299234Chi

53、cago594Los Angeles36291870213636Singapore24201482252937Tokyo697938Tallinn039Houston9486391231369DetroitPariHelsinki ranks 33th worldwide and 19th in EMEA among the top Science Hubs an ecosystem with strong universities-to-startups linkage and high output per inhabita

54、nt.Through the Science Hubs lens,more emphasis is placed on deep tech,university talent and patents.Patent data combined with venture capital data paints a powerful picture of innovation.Density is also an important factor for science hubs,especially in highly specialized clusters.Science Hubs are i

55、ntegral to the development of novel and cutting-edge technology,like Deep Tech.Per capita lensScience HubsFull reportThe Next Generation of Tech Ecosystems REPORTScience Hubs rankingDetroit28Paris29Oulu30Luxembourg31Dublin32Helsinki33Chicago34Los Angeles35Singapore36Tokyo37Tallinn38226B98BHelsinki r

56、anks 33th worldwide and 19th in EMEA among the top Science Hubs an ecosystem with strong universities-to-startups linkage and high output per inhabitant.ParisDetroitOulu98BLuxembourg98BDublin98BHelsinki98BChicago98BLos Angeles98BSingapore98BTokyo98BCombined Science Hubs RankEarly Stage VC per inhabi

57、tantBreakout stage VC per inhabitantLate Stage VC per inhabitantSuccessful alumni founders per inhabitantPatents per inhabitantDeep tech unicorns per inhabitantDetroit2871Paris29374941173350Oulu30546115120487Luxembourg322Dublin32423552282092Helsinki33223228332992Chicago34594147

58、322359Los Angeles35362918702136Singapore36242014822529Tokyo376979Tallinn380Houston399486391231369Europes Science Clusters ranking 2022 view onlineCombined Science Hubs RankEarly Stage VC per inhabitantBreakout stage VC per inhabitantLate Stage VC per inhabitantSuccessful alumni

59、 founders per inhabitantPatents per inhabitantDeep tech unicorns per inhabitantDetroit2871Paris29374941173350Oulu30546115120487Luxembourg322Dublin32423552282092Helsinki33223228332992Chicago34594147322359Los Angeles35362918702136Singapore36242014822529Tokyo376979Talli

60、nn380Houston39948639123136933.HelsinkiDealroom.coPage/18 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION2.Chapter nameStartup Jobs in HelsinkiPage/19 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH

61、 TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONIn Helsinki,smaller companies,those who employ less than 50 people,account for nearly 50%of all jobs in the ecosystem.Although Helsinkis biggest success cases(grownups)drive enterprise value and inve

62、stment raised,they account for only 16%of all jobs.The top 5 employers-Wolt,Relex Solutions,Swappie,Rovio and Supercell-are responsible for 2.5K jobs(or 13%of all workforce).Looking at the broader picture,in Helsinki,17 out of 20 jobs are created by companies with less than 500 global employees(star

63、tups and scaleups).10-50M50+M22companies21companiesDealroom.co.Dataset:19.3K local jobs created by 1.2K Helsinki-based companies.Period:March 2023.9.1K jobs(47%)2-50 employees(1K+companies)9 median age9 avg employees7.2K jobs(37%)51-500 employees(109 companies)13 avg age66 avg employees500+employees

64、(19 companies)15 avg age337 avg employeesJobs split by company size.19.3K total3K jobs(16%)Jobs in Helsinki by company sizePage/20 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION10-50M50+M22companies2

65、1companies3 in every 5 local jobs are created by companies founded in the last ten years.Dealroom.co.Dataset:19.3K local jobs created by 1.2K Helsinki-based companies.Period:March 2023.Jobs in HQ location by cohort+startups+startups+startupsSince 2017350+startups1

66、0K7.5K5.0K2.5K8.2K3.5KThe youngest cohorts of companies contribute to over half of all startup jobs created in Helsinki.The 800+companies founded since 2012 employ 11.7K people(or 61%of all Helsinkis startup workforce).The 5 biggest employers(Wolt,Swappie,ICEYE and Smartly.io.)in this cohort provide

67、 only a fraction of the startup jobs,contributing for 15%of all local jobs provided by startups founded since 2012.3.3K4.3K61%of all jobs are created by companies founded after 2012.Page/21 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN H

68、ERE EXTRA CONTENT/SOURCES/INSPIRATIONDealroom.co.*Analysis includes 902 Finnish companies located outside of Greater Helsinki Area with known employment data.Period:January 2023.DESIGN CONTENTJobs by Finnish companies HQed outside of Helsinki per company type and headcount location Jobs created in H

69、elsinki Jobs created in rest of Finland Jobs in rest of the world 1.7K64%2.4K20%Scaleups51-500 global employeesStartups501 global employees1.8K19%2.8K23%1.7K18%6.0K63%6.9K57%0.4K jobs(14%)0.6K22%4.6K+Helsinki-based jobs created by Finnish companies HQed outside of Helsinki15K4.6Kin HelsinkiIn rest o

70、f Finland6.2KIn the rest of the worldGeographical distribution of jobs at Finnish startups,excluding Helsinki HQ startups55%Jobs in rest of Finland26%Jobs in the rest of WorldJobs in Helsinki19%The remaining 900 Finnish companies employ nearly one fifth of their workforce in Helsinki.Explore moreExp

71、lore job-creating Finnish startups on the live Dealroom appPage/22 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2Dealroom.co.*Analysis excludes overlap between industries.Enterprise Software startups

72、 provide the most jobs while Space have the largest teams on average.Top sector by local jobs,2023Average team size(local),2023WoltIn Helsinki,the top 5 industries by number of startup jobs(Enterprise Software,Gaming,Health,Marketing and Food)comprise nearly 50%of all local jobs(8.7K jobs).Meanwhile

73、,Space and Semiconductors have the largest teams on average,well-thanks to Bluefors and ICEYE,respectively.Moreover,Space,Food and Robotics are amongst the most concentrated industries,with the top employer generating over 50%of all jobs within the industry.In Space,ICEYE comprises 77%of the total o

74、f jobs created by Space startups.Enterprise SoftwareGamingHealthMarketingFoodReal EstateFintechEcommerceMediaSecurityEnergySemiconductorsEducationJobs RecruitmentTelecom2.6k2.2k1.7k1.7k1.0k0.9k0.9k0.8k0.8k0.7k0.6k0.5k0.5k0.4k0.6k17Enterprise SoftwareGamingHealthMarketingFoodReal EstateFintechEcommer

75、ceMediaSecurityEnergySemiconductorsEducation3429262424220Enterprise SoftwareGamingHealthMarketingFoodReal EstateFintechEcommerceMediaSecurityEnergySemiconductorsEducation4220Page/23 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTEREXTRA CON

76、TENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONIn Helsinki,deep tech startups are a major employer,generating 5K or 26%of all startup jobs.ICEYE,Bluefors and Varjo are the amongst the largest employers in sector.Explore the companiesExplore the most promising deep tech startups with Dealroom Signal

77、Dealroom.co.*Analysis excludes double counting of impact jobs.To be an impact company means having sustainable development at the core of the businesss values.To learn more about Dealrooms Impact methodology consult the knowledge page.*Data up to March 2023.Startup jobs by industry,2023*160+impact s

78、tartups create 2.7K local jobs in Helsinki.Responsible Consumption and Production(#12),Industry Innovation and Infrastructure(#9)and Climate Action(#13)are the top SDGs by number of startup jobs.A selection of Helsinkis largest homegrown impact startups Explore Helsinki-based impact startupsCompanyI

79、mpact topicHelsinki-basedemployees in 2023*Consumer electronics300+Space Manufacturing200+Electric Mobility120+Business software100+Healthcare60+Preventive care60+Sustainable building 40+Healthcare30+Largest Helsinki impact startup employersImpact startups provide 2.7K or 14%of all startup jobs.Swap

80、pieICEYEVirtaSilo.AIHelttiNightingale HealthKaiku HealthEcompterPage/24 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTEREXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONHelsinki deep tech startups make up 26%of startups jobs in the city.1 in every 4 startup employ

81、ees in Helsinki work at a deep tech startupIn Helsinki,deep tech startups are a major employer,generating 5K or 26%of all startup jobs.ICEYE,Bluefors and Varjo are the amongst the largest employers in sector.Explore the companiesExplore the most promising deep tech startups with Dealroom SignalDealr

82、oom.co.*Deep tech is fundamentally new science and Engineering.To learn more about Dealrooms deep tech methodology visit the Dealrooms dedicated Deep Tech platform.*Data up to March 2023.Selected Helsinki deep tech startupsQuantum computingSpace manufacturingGenetic testing and diagnostics services2

83、50+230+150+CompanyDescriptionHelsinki-based employees in 2023*Page/25 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONThe top 50 startup by valuation represent 82%of Helsinki startup value,but only 42%

84、of the jobs.The vast majority of jobs are generated by the remaining 1.1K startups and scaleups.Dealroom.co.*A unicorn is defined as a rapidly scaling company(and tech enabled)that has reached a$1 billion valuation,on the basis of a funding round(unrealised),acquisition or IPO(realised).Data up to M

85、ay 2023.Combined valuation of 7 Helsinki-based Unicorns*Combined enterprise value of all other startups and scaleupsCombined valuation of the next 50 largest companies28B68%6B14%7B18%+2.4kjobs12%+5.7kjobs30%+11.2kjobs58%All other startups and scaleupsJobs at the next 50 largest companiesJobs created

86、 by 7Helsinki unicornsRive(Formerly Kodit.io)Nightingale HealthOceanvoltBCasterSolar FoodsBob WNordic Bioproducts Group OyKlinikCHAOSGameBookValpasSwappieICEYEFreskaHoxHuntNanoformMetacoreVirtaVarjoEfecte OyjYousicianWoltRelex SolutionsRovioSupercellAivenThe Qt CompanyHMD GlobalNext GamesUpCloudLead

87、DeskHolviJobilla OySensible 4RightwareHeltti OyPage/26 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONDealroom.co.Period:March 2023.Average team size(local employees)by VC-funding stage,2023VC-backed

88、or not:very different growth trajectories4MFunding(Series A+)41 people after 10 years(avg.)VC funding fuels job creation.Theres a positive correlation between startups and venture capital.On average,startups receiving seed funding scale twice as fast as those that didnt.Series A+startups grow three

89、times faster than startups that received seed funding.650100No Known Investment0-1M1-4M4-15M15-40M40-100M50174Page/27 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION3.Chapter nameStartups&the broa

90、der economyPage/28 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION10-50M50+M22companies21companiesMost job vacancies at Helsinkis startups are for non-tech jobs.Dealroom.co.Dataset:3.9K job openings w

91、ith known position type.Period:2022(Jan-Dec 2022).%of vacancies by position type,Jan-Dec 2022excluding internshipsNumber of days a vacancy remains live,Jan-Dec 2022excluding internships Tech jobs(80 days)Other positions(75 days)Tech jobs(32%of all job openings)Other positions(68%)Tech related roles

92、are amongst the hardest-to-fill positions,staying opened for 80 days.Business DevelopmentDevelopmentMarketing&CommunicationAdmin&LogisticsProject ManagementData Science&EngineeringBusiness IntelligenceC-Level28.2%26.7%17.8%13.1%5.8%5.2%2.9%0.2%GRAPH/MAIN CONTENTFOOTEREXTRA CONTENTALIGN HERE EXTRA CO

93、NTENT/SOURCES/INSPIRATIONBIG LOGOS SPACINGOver 1,000 jobs at Helsinki startups listed.Detailed search possibilities.For instance:“Jobs at VC-backed impact startups at Series A stage”Search jobsPage/30 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALI

94、GN HERE EXTRA CONTENT/SOURCES/INSPIRATION4.Chapter nameMethodologyPage/31 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTEREXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONNascent startupsProjects or products which are not(yet)job-creating and/or incorporated,and/o

95、r in stealth.StartupsCompanies designed to grow fast.VC-backed business model.Between 2 and 50 people,Founded in Munich after 1990.ScaleupsFormer startup.51-500 people globally,founded in Munich after 1990.GrownupsFormer scaleup.More than500 people globally.Founded in Munich after 1990.Mature compan

96、iesLarge(tech)companies which are not startups.Companies in this report.Dealroom.co.StartupsCompanies designed to grow fast.VC-backed business model.Between 2 and 50 people,Founded in Helsinki after 1990.ScaleupsFormer startup.51-500 people globally,founded in Helsinki after 1990.GrownupsFormer scal

97、eup.More than 500 people globally.Founded in Helsinki after 1990.Mature companiesLarge(tech)companies which are not startups.DuuersVictoremIoncell OyCrowd For ImpactViking TheoriesWheelstrmKaiku Health(NetMedi Oy)HypeHypeONEiOTreamerMVision AIPapticLightheart EntertainmentCaidio OyPopitRemedy Entert

98、ainmentBlueforsICEYESupermetricsVarjoIQM Quantum ComputersNanoformRevieveWoltRelex SolutionsSwappieRovioSupercellThe Qt CompanyHMD GlobalDuuersVictoremIoncell OyCrowd For ImpactViking TheoriesWheelstrmKaiku Health(NetMedi Oy)HypeHypeONEiOTreamerMVision AIPapticLightheart EntertainmentCaidio OyPopitR

99、emedy EntertainmentBlueforsICEYESupermetricsVarjoIQM Quantum ComputersNanoformRevievePage/32 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTEREXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONGreater Helsinki AreaUusimaaHelsinki city properExplore listHelsinki(city)

100、800+startups 14K local jobs30.7K global jobs Explore onCity StartupsUusimaa2.3K+startups Explore Finland on Dealroom.coExplore moreGreater HelsinkiArea*1.2k startups 19.3K local jobs41.8K global jobsMunich Area 1.4k startups 38.7K local jobs93.7K global jobs Explore on insights.munich-startups.deExp

101、lore more*Companies founded in the Greater Helsinki Area,which relocated out of the region,were excluded from the analysis.We aggregated startups from Helsinki&its surroundings to provide the full picture of the local tech ecosystem.The Greater Helsinki Area(Helsingin seutu)is used as the default ge

102、ographical scope of this report.It includes the City of Helsinki and its surroundings.This area is comprehensively mapped on the Helsinki Startup Database,which is powered by Dealroom.In addition,the Metro area includes startups based out of some of Uusimaas most innovative hubs,which are within the

103、 immediate vicinity of Helsinki such as Espoo and Vantaa and therefore considered as part of the broader innovation ecosystem of the city.In doing so,the report truly depicts the size of Helsinkis startup and innovation ecosystem.It also allows a fair comparison between Helsinki and leading ecosyste

104、ms,from Stockholm to Amsterdam,to Melbourne.Page/32 Page/33 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION6K businesses with HQ in Greater Helsinki Areaincluding startups,conventional SMEs and other

105、innovative businesses.2K verified city-based startups,founded after 1990,identified as being eligible for this report.EnablersHow did we arrived to this dataset.Dealroom.co.Data up to March 2023.City innovation ecosystem.INVESTORSGOVERNMENTSWORKSPACESCORPORATESSERVICE PROVIDERSACCELERATORSVerified m

106、eans manually verified to qualify as a startup.1.2K verified,City-based startups founded after 1990 with employment data.Employment data:Additional criterion:-Active startups:excludes stealth&closed(failed)startups.-Job-creating startups:nascent or startups without employees are excluded.Page/34 Sou

107、rce:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2Dealroom.co.Methodology&definitions.What is a startup?“A startup is a company designed to grow fast”wrote Paul Graham,the legendary startup builder,investor

108、 and co-founder of Y Combinator.At Dealroom,weve found this the most useful explanation of the term startup.What about tech?Indeed,most startups are tech enabled.But so are lots of companies.Many traditional companies work more deeply on technology than the majority of startups.The real common denom

109、inator is not tech,but the intention to scale very rapidly.This report considers all startups founded since 1990.We often get asked why we include older cohorts.The purpose of a startup is to grow fast and to become very big.This is what makes startups relevant to the economy.Getting big often takes

110、 two decades(although sometimes shorter).Not including these companies or late-stage startups would narrow the scope of this report in a way that would defeat its purpose.One of the strongest indicators of the maturity of a startup ecosystem is seen through its ability to recycle talent,generating a

111、 flywheel effect.Thus,this reports includes companies such as Infineon Technologies,which in the context of employment are relevant and play an important role in being a breeding ground for new entrepreneurial talent.Startup jobs?“jobs”and“employees”are used interchangeably.Number of local jobs repr

112、esents the total number of employees at homegrown startups in Helsinki.Global jobs are jobs created by Helsinki-based startups globally,including jobs in headquarters and in the rest of Finland.The report excludes data about companies founded in Helsinki,which since their inception moved abroad.Job

113、numbers are sourced from publicly available data,pany statements and professional social media.Wll jobs at startups are counted,not just tech jobs(i.e.mechanics,receptionists,helpdesk,).However,gig workers(e.g.riders,babysitters,.)are generally not counted.Jobs at companies not covered in the report

114、 are not counted.What is a startup?By Dealroom.coPage/35 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2Dealroom.co.Methodology&definitions.Venture Capital,InvestorsInvestment numbers refer to rounds

115、such as Seed,Series A,B,C,late stage,and growth equity rounds.VC investment figures exclude debt or other non-equity funding,lending capital,grants and ICOs.Investment rounds are sourced from public disclosures including press releases,news,filings and verified,user-submitted information.Sectors&Ind

116、ustriesIndustry classification follows Dealrooms proprietary taxonomy,which was built specifically for startups.A given startup may belong to up to two industries.ValuationThe combined valuation of the tech ecosystem is based on their market cap or latest transaction value.Transaction value is reali

117、zed from exit or implied unrealised valuation from the latest VC round,which is either announced or estimated by Dealroom based on benchmarks.Underlying DataDealrooms proprietary database and software aggregate data from multiple sources:harvesting public information,user-submitted data verified by

118、Dealroom,data engineering.All data is verified and curated with an extensive manual process.Greater Helsinki AreaGreater Helsinki(Finnish:Helsingin seutu,Suur-Helsinki)is the metropolitan area surrounding Helsinki,the capital city of Finland.It includes the smaller Capital Region(Pkaupunkiseutu,Huvu

119、dstadsregionen)urban area.The Greater Helsinki region is the largest urbanised area in the country with 1,559,558 inhabitants and is by far the most important economic,cultural,and scientific region of Finland.Source:Wikipedia.Glossary&DefinitionsThe data on which this report builds is available on

120、app.dealroom.co.For more info please visit dealroom.co or contact supportdealroom.co.Scope of the reportIn this report,the local authorities that are considered as part of Glasgow City Region include:Glasgow City,North Lanarkshire,South Lanarkshire,East Dunbartonshire,West Dunbartonshire,Renfrewshir

121、e,East Renfrewshire,and Inverclyde.While many startups founded in Glasgow City Region relocate beyond its borders,most maintain business-critical ties to their homelands.In order to take this reality into account,this report includes both Glasgow-based startups,which maintain their main center of business(HQ)in their country of origin,and Glasgow-founded startups,which relocated their HQ outside of Glasgow.GRAPH/MAIN CONTENTFOOTEREXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONBIG LOGOS SPACING