These two are great success stories, but they’re also the only Finnish unicorn exits in the post-Nokia era.

The exits were somewhat less exciting to founders than these numbers suggest. Supercell sold 51% to SoftBank already in 2013 for 1.1B EUR. And Wolt’s purchase price was paid entirely in DoorDash stock which was down 75% by the time the lockups expired.

Startups generating low-hundreds of millions in annual revenue just aren’t unicorns anymore, unless they happen to be AI.