Finland · 
Who invested in Spinnova?
Spinnova's investors include European Investment Bank and Business Finland.
20202021202220232024
$11MRound$14MDebt
Finland · Funded startup
Who invested in Spinnova
Funding summaryUpdated 26 Oct 2026
$25Mraised across 2 rounds since 2019, from 2 sources
$11MRound$14MDebt
- Latest round
- Debt, $14MOct 2024
- Step-upi
- 1.2×
- Investors
- 2
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Round, $11M Oct 2019
- Biggest round
- $14M Debt · Oct 2024
- Between rounds
- 5 years from the last two
The rounds
- Oct 2024
- Oct 2019
Founders and team
From Spinnova's own website: 1 founder, 5 on the team.
Shahriare MahmoodChief Technology Strategy and Innovation Officer, Co-founder
- Janne PoranenChief Finance and People Officer
- Sampo ImmonenChief Commercial Officer
- Santeri HeinonenChief Technology Officer
- Johanna ValkamaGeneral Counsel
- Juha SalmelaGeneral Counsel
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Everyone who backed them
Business FinlandAccelerator1round
Missing a round, or an investor who was in one? Tell us.
Quick answers about Spinnova
How much has Spinnova raised?
Spinnova has raised $25M across 2 rounds since 2019.
When did Spinnova last raise?
Spinnova's most recent round was a Debt of $14M in Oct 2024.
What was Spinnova's biggest round?
Its most recent round, $14M in Oct 2024, is also its largest on record.
Who backed Spinnova first?
Spinnova's first round on record, in Oct 2024, was backed by European Investment Bank and Business Finland.
What stage is Spinnova at?
Spinnova's latest named round is a Debt, in Oct 2024.
Where is Spinnova based?
Spinnova is based in Finland.
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