VTT-Originating Startups Gaining Equity Funding in 2025

2025 was record-breaking for Finnish deep tech companies that are accelerating their growth. According to Tesi’s deep tech study 2025, deep tech companies raised close to €1.6 billion in total. Of this, VTT-originating companies accounted for €445 million.

“The markets believe in Finnish deeptech, as shown by the large private investments. A large share of these investments goes into further research and development to scale the technologies and to establish global businesses. We have a unique ecosystem here in Finland with much potential to grow and generate success stories. We are now seeing category leaders emerging and many companies establishing first-of-a-kind plants,” says Laura Juvonen, Senior Vice President, Strategy at VTT.

VTT stratup that gain funding include:

• IQM Finland
• TactoTek
• Onego Bio
• Volare
• Steady Energy
• SemiQon

IQM’s €275 million ($300 million) Series B round was reported as the largest investment in the quantum computing sector in Europe and the largest ever completed B round in Finland. 

IQM and VTT are currently engaged in a joint development project that will deliver a 150-qubit superconducting quantum computer in mid-2026 and a 300-qubit one in late 2027. 

The quantum computers will be integrated into the Finnish high-performance computing infrastructure to promote hybrid computing.

VTT’s startup incubator, VTT LaunchPad, develops spin-off ventures that are based on VTT-developed technologies and geared for global growth. VTT also develops and transfers technologies as in-kind investments or via licensing to startups founded by external teams.