Business Angel Investing in Finland 2022

FiBAN’s annual study of investments and exits maps the development and impact of angel investments. In 2022, Finnish angels invested 37 million euros in 248 growth companies, says the latest study conducted by the Finnish Business Angels Network (FiBAN), collecting answers from 450 private investors out of FiBAN’s 670 members. 7% of FiBAN members’ investments were made outside of Finland. The most popular countries were Estonia, Sweden, and the United Kingdom.

The median investment size remained at the level of 2021 at 20,000 euros. Less than ten percent of FiBAN’s angel investors make half of all investments made through the network. They are so-called super angels whose investments range from hundreds of thousands to millions of euros at a time.


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