Finnish angel-backed companies' revenue rises to nearly 6 billion euros in 2024, FiBAN study shows

Bitget2026/10/20 08:40

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Finnish angel-backed companies generated nearly 6 billion euros in revenue in 2024, employing 23,800 people.
Research and development spending rose almost 13% to a record 281.5 million euros, outpacing revenue growth.
R&D spending represented 4.7% of combined revenue, accounting for about 5% of Finnish business-sector R&D expenditure.
The number of companies reporting R&D expenditure fell to 221 from 255, concentrating investment in fewer businesses.
The study covered 1,617 angel-backed companies, which have raised cumulative funding of around 6.5 billion euros from various investors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Finnish Business Angels Network published the original content used to generate this news brief on October 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Finnish angel-backed companies' revenue rises to nearly 6 billion euros in 2024, FiBAN study shows

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