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January 3, 2024
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Tesi’s study reveals Finland’s foodtech scene and funding patterns.

Tesi, Finland’s state-owned investment company, has released a report that provides an overview of Finland’s foodtech landscape and funding trends. The study shows that the foodtech sector in Finland is diverse, with companies spanning various products, technologies, and business models across the food value chain. The report also highlights the dominance of two major companies, Wolt and Relex Solutions, which accounted for 84% of the total funding between 2015 and 2022. However, other companies have seen an increase in larger funding rounds since 2020. The study also explores the investor landscape in Finland’s foodtech sector, including the involvement of Finnish VCs, international investors, and established Finnish food corporations. The report aims to provide a comprehensive overview of the sector and foster continued growth and innovation in the foodtech industry in Finland.

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