Estonian startups 2021 The decline in angel funding since the 2021-2022 boom has also impacted pre-seed activity. Estonia is one of the most interesting startup ecosystems in the world and in recent times it has created numerous top An Estonian legaltech startup HUGO. Estonia has perfectly leveraged the population and tools available in the country. Originally from Estonia, and currently the only European company in the Techstars Seattle 2020 cohort, Introwise’s mission is to enable every person A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! 🚀 10 promising Estonian #startups kicking ass in 2021 🚀 Estonia has recently stepped into the spotlight. 23-0212) is financed from EU funds. In 2022, it only took Estonian startups four months to surpass last year’s total sum, 7 Estonian-founded startup unicorns, a proportion of the GDP similar to that of the whole agricultural sector and both, an unstoppable growth mindset and a strong set of proven results mean that while 2021 is good, 2030 may be even better The wave of layoffs in Estonian startups just started gaining momentum last autumn. A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! Female-founded Estonian startup Edumus, which places working professionals in schools as part-time teachers, has raised €180K from renowned Estonian and Finnish angel investors to accelerate its growth. Included in the government’s edtech tools which were shared to all European countries, and having raised funds in 2020, the startup has been on a roll helping out with home schooling. In this new round, Lingvist is backed by a group of prominent investors led by the Dutch VC firm Rubio Impact Ventures, and joined by Estonian Startup Awards 2021. There are many others that have become very popular around the world. This is accompanied by a wealth of cleantech startups who combine the benefits of software competence, increased interest in cleaner technologies, and support from state actors in the forms of both ecosystem and finances. With just 1. 1 million in the latest round of funding for its language learning app. Estonian startups can also do business across the E. According to the Estonian Tax and Customs Board, the 10 promising Estonian startups kicking ass in 2021. According to the Estonian Tax and Customs Board statistics, The Estonian startup ecosystem has been growing rapidly, transforming the country into a global hub for innovation and entrepreneurship. Subscribe TFN for Daily News Alerts. December 9, 2020. The first half of 2022 is showing a significant rise in people working in the Estonian startup sector. November 9, 2021. Helise Johanson, ReloEst, Relocation service provider Startup Estonia’s Startup status simplifies the relocation process, empowering Estonian Startup Awards 2020 took place on January 14, 2021, to officially wrap up the past year and celebrate the most outstanding achievements of Estonian startups. 3m people, it's created unicorns like Veriff, Bolt and Pipedrive. Estonian startup ecosystem in a nutshell. For In 2019, the output was 113MW, and this is believed to reach 450MW by the end of 2021. Thomas Ohr is the "Editor in Chief" of EU-Startups. Tallinn-based Mercuryo. 2021 showed that 94% of capital in local startups came from international VCs. 2 A foreword from the authors: A small country on course to in Estonian startups, solve regulative issues and barriers, monitor vital indicators, and oversee and implement the Startup Visa for A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! The development of Estonia’s knowledge-based DeepTech ecosystem began in 2020 when Startup Estonia published the strategic document “White Paper 2021-2027. Suggest a startup Q2-2021. 5B, demonstrates the potential for Estonian startups to achieve substantial An unwritten rule of the Estonian startup scene is that the companies here have been founded with the aim to go global Although the results were quite similar to the ones in 2021, Estonia’s digital-first and business-friendly approach The startups with the biggest turnover were Pridegamesstudio (€5. 7 million to carry out its aggressive expansion plan across Europe. Vilnius-based buy-to-let crowdfunding platform InRento is continuing its European growth. If what is the Estonian startup ecosystem database? The Estonian Startup Ecosystem Database exists to connect like-minded individuals, be they support organizations or startups, and facilitate mutual support and service Today, Estonia has more than 6% of its population working in IT and developing startups and interesting tech companies that should be followed. It is also worth noticing how The Tallinn-based startup Lingvist, whose mission is to develop and scale learning technology that enables radical improvement in learning efficiency, has raised €5. Startup Estonia is a program under Enterprise Estonia that develops the Estonian startup ecosystem. Wise became the first Estonian decacorn, investments into Estonian startups more than doubled compared to 2020 and the turnover of startups showed a Statistics from the Estonian Tax and Customs Board reveal that as of the end of the third quarter of 2024, Estonian startup sector companies employed 14 267 people locally. The average deal size was 10,2 million euros per deal and the biggest investments went to: Glia Estonia’s startup scene has recently stepped out into the spotlight, and shows no signs of heading back into the shadows. io secures €2. Showcasing energy-related startups A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! Raison app, the late venture investment marketplace from Estonia, has secured an additional €795k in seed funding with a €10 million valuation led by Server Partners. U. Estonian ride-hailing startup Bolt is now valued at $4. Rather, it A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! Synbase assists clinicians in making accurate, timely decisions to help save lives. 4. 2 A foreword from the authors: A small country on course to of Estonian flagship startups and support the transformation from one-shot successes towards a fully A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! Estonian startups are gaining global recognition and setting the stage for an even brighter future ahead. 2 A foreword from the authors: A small country on course to in Estonian startups, solve regulative issues and barriers, monitor vital indicators, and oversee and implement the Startup Visa for That’s 7. co. According to Startup Estonia and Statistics Estonia, there are 2,983 women working in the Estonian startup sector, which is about 36% of all startup employees. The real estate startup has expanded operations in Spain, and has also just acquired Estonian real estate marketplace, BitOfProperty. About; Members; Vision 2030; Sources: Startup Estonia, Statistics Estonia, Estonian Tax and Customs Board, Dealroom, Funding of Estonian Tech Startups #estonianmafia. 5 billion euros in 2021, but last year, the two-billion-euro mark was exceeded in just nine months," Peeterson said, adding that changes in the economy also affect the startup sector, however, and their extent, duration and long-term impact remains to be seen. Founded in 2021, Cognitiwe is revolutionizing manufacturing and retail through A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! Estonia is a small country in Eastern Europe, with a population of 1. 2020 Publication of the 2021-2027 White Paper, highlighting the potential future development and a collective vision for our startup ecosystem. Estonian startups signed 19 funding deals for 194 million euros in Q1 of 2021. A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! 2021-2027 Authors: Sten-Kristian Saluveer Maarika Truu July 2020. A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! Foreign-founded startups have had an increasingly positive impact on the economy, paying an impressive 119% more governmental taxes than in 2021, Amidst a cooling global economy, Estonian startups faced downrounding, downsizing, and the hard truth that building startups is an demanding journey. Internet Speed. com – A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! Estonian fintech startup Fairown secures €4. One major factor driving this growth is the ability of Estonian startups to secure substantial funding. 58 Mbps download/59. 5 million to expand its cryptocurrency payment processing solutions. The employee count in Estonian startups is growing upwards. com Group, the Swedish tech company that changes how people all over the world checkin with services online, has just entered into an agreement to acquire all shares in the Estonian startup GetID. REINVEST24 253 326 +264% -NA% 3 243 +58% -4% Today Promoty, a marketplace connecting social influencers to retail brands, closed a €1. Source: dealroom. While investments potentially approach 1B EUR by the end of With our eyes firmly on 2021, here are 10 of the most promising young Estonian startups founded between 2017-2020, who all have fast-growing teams, are working on innovative missions, Today, we have compiled a list of 10 Estonia-based startups that have raised the biggest funding rounds in 2021. Insights about top trending companies, startups, Estonia has been ranked sixth among the world’s emerging startup ecosystems in the recently published Global Startup Ecosystem Report 2021, one of the world’s most comprehensive and widely-read researches on startups. 8 million. According to the same study, the amount of turnover Estonia has always punched above its weight in terms of startups. Fixed broadband: 78. 3 million people. Furthermore, 4 startups In 2021, the Estonian startup ecosystem witnessed several significant moments. TFN has listed 10 Estonian startups to watch for in 2022 based on the latest funding raised by these companies. Pipedrive’s news to let 143 employees go will not be the last or the biggest. So far, the platform has been used by over 46,000 2021-2027 Authors: Sten-Kristian Saluveer Maarika Truu July 2020. Find the most promising startups, Skype’s founders used this exit windfall to support new successful Estonian startups such as Skycam, Teleport, and SpaceApe, to name a few. Relinquish any doubts 2021 has been a great year for Estonian startups and the highlights will be covered at the Fireside Chat on Monday, 20th of December at 4pm by Martin Villig 🇪🇪, Eve Peeterson, Margus Uudam In its 2021 report, Atomico points out that cumulatively, Estonia is the second in Europe in terms of capital invested per capita in 2017-2021. ” This document aimed to increase the focus on A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! Bisly, the Estonian startup developing intelligent building solutions, has raised € 1. This comes after the fintech startup raised €125k last year. 4B in revenue, bringing in €125M in taxes for the state. Facebook. This list of startups in Estonia that were founded in 2021 provides data on their funding history, investment activities, and acquisition trends. Their patient-centred treatment recommendations are informed by country-specific content and AI-supported Tallinn-based R8tech, a digital building operator, has closed a €900K funding round from new investors. The Startup Agriculture, Energy, Logistics, Mineral, Precious Metals, Renewable Energy, Supply Chain Management Bitsgap is just one example of a successful Estonian startup company. Linkedin. The workforce continues to undergo a slight decrease, declining by 3% compared to the end of the third quarter of 2023 when the employee count stood at 14 687. A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! Estonian tech company Ridango has just announced it has acquired a 100% stake in LIT Transport, a Slovenian based firm providing IT solutions for public transportation. Share. Septembris 2019 osales Startup A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results!. 1. 1M) and SaleMove (€2M). The country has a lively startup ecosystem that is consistently 2021-2027 Authors: Sten-Kristian Saluveer Maarika Truu July 2020. The tech startup’s technology helps to make energy consumption up to two times more efficient. In 2021, the Estonian startup ecosystem witnessed several significant moments. Martin Sokk and Mihkel Aamer in 2021, Lightyear combines multi-currency accounts with unlimited access to global markets so customers can invest without hidden fees. Founded in 2017, Promoty has created an influencer marketing platform, focusing on micro-influencers. Certain details of these startups such as founders’ names, founding year, and Fintech, enterprise software, and marketing were the leading industries among the Estonian startups in 2021, taking 35 percent of the total. Twitter. Fintech, enterprise software, and marketing were the leading industries among the Estonian startups in 2021, taking 35 percent of the total. By Francesca Romana Piccioli. According to the Estonian Tax and Customs Board, Estonian startups employed 8948 people as of March 31, which is 9% more than at the end of 2021, and 34% more than in Q1 2021. The biggest employers among startups were Wise (1338 employees), Bolt (1144), Swappie (519), Veriff (386), and Starship Technologies (237). com and started the blog in October 2010. 5 million euros as a late seed investment to finance the expansion to new markets in the EU and Africa. In October 2021, Testlio closed $12 million in Series B financing led by According to Statistics Estonia, 8283 people worked for Estonian startups during 2020, meaning that every 89th person of Estonian working population was involved with startups! Top employers among Estonian startups are A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! Startup Estonia added: “ Statistics from the Estonian Tax and Customs Board reveal that as of the end of the third quarter of 2024, Estonian startup sector companies employed 14,267 people locally. 4M), Mobinner (€2. If your startup is approved, you may also be able to get visas to hire international staff. Our startups are getting more mature while offering jobs to more than 8100 people and paying 125M EUR in employment taxes in 2021. There are many reasons that make Estonia such a great place for A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! Gelatex, an Estonian based startup founded in 2016, has found a solution to cut the cost of producing cell-cultured meat products by 90%. We’ve read the document and made a In the early 2000s, the first Estonian startups were launched and the government Estonian startup success story is not a local game – the tech companies get validated by global top VCs such as Sequoia Capital, Accel, Andreessen Horowitz, Index Ventures, Bessemer Venture Partners, Atomico, Insight Partners, and others. 5 million for providing an infrastructure to offer affordable legal services for Estonian residents. Involving professionals in schools will help to address the teacher shortage and enrich secondary education with real-life experience and skills. Checkin. YoY. We also recently published our article of the Top Estonian Startups To Watch in 2024. With successes like unicorn 🦄 Bolt, super talent, cheap living costs & support In 2021, Estonian startups employed over 8,200 people and produced north of €1. Here are out top Estonian teams to look out for in 2020 and beyond. What’s equally important, the industry attracted €928M in investments, which is more than This tech-savvy society and supportive startup ecosystem makes Estonia an ideal place to start a business. Earlier this year, the young startup successfully raised a €530k investment for new market expansion. com was founded in 2017 and this acquisition is the first step in the company’s strategy to add technologies and strong teams by acquisitions, within areas Modash already counts among its customers other Estonian startups including Lift99, Taxify, and Veriff, and raised €100k in December 2018. The total labor tax paid in Q4 by Estonian startups was € 38. Despite a population of 1. Zenith Family Office, EstBAN, Startup Wise Guys, and several other international business angels and investors joined the round that will give VideoCV enough resources to enter other According to the study by Startup Estonia, from 2016 to 2020 the amount of investment in Estonian startups increased by more than 4 times: from 106M to 440M EUR. Q4 can be characterized as an astounding success. 2 A foreword from the authors: A small country on course to in Estonian startups, solve regulative issues and barriers, monitor vital indicators, and oversee and implement the Startup Visa for A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! Estonia’s startups raised 4673554 US dollars on average. It is estimated that the tech sector will be 25-30% of Estonian GDP in 2030, bringing more direct and indirect wealth, joy, and pride to all Estonians. February 8, 2021. 15500 ABOUT. Read all about the winners and check out the full list of nominees: Estonian Startup Awards 2021: and the most funds raised per capita. WhatsApp. It is now is gearing up to raise € 1. Full of success stories like Bolt, the Tallinn-based As 2024 unfolds, we delve into ten dynamic Estonian startups, each founded after 2019, that are poised to make significant impacts in their respective fields. We are delighted to share some exciting highlights with you: Estonian start-ups signed 22 July 28, 2021 “Network, read and engage with people who share the same passion as you”: Interview with Petr Kozyakov, co-founder and CEO of Mercuryo; July 2, 2021 Weekly VC Overview: All 126 European startup funding rounds we tracked this week (June 28-July 2) February 8, 2021 10 promising Estonian startups kicking ass in 2021 VideoCV, a startup dedicated to revolutionizing recruitment by providing simple, transparent, and personality-based hiring solutions has raised €410K in the pre-seed investment round. 2021-2027 Authors: Sten-Kristian Saluveer Maarika Truu July 2020. Skip to main content. And The Estonian DeepTech startup sector is still relatively young, as 70% of operating companies have been founded in the last five years. As a result of this, you might not expect the country to be well-known for its startups. It would be foolish not to use solutions that have already been developed The team at the Tartu, Estonia-based sTARTUp Day business festival put together a list of startup-related buzzwords from the last year; read on to learn which topics On July 8-9, 2021, the 9th Estonia's Friends International Meeting (EFIM) brought together the entrepreneurs, as well as political and cultural figures whose activities and advice have contributed to Estonia’s economic and cultural development. The new group now operates across over 25 countries. 2 million empowering companies to contribute to waste reduction and conscious consumption. In order to keep growing, scale-ups similarly to startups need talent. The Startup Visa programme provides non-EU citizens with the A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! Top organisations representing Estonian startups summarising 2022: a thriving year with record-breaking numbers and a positive outlook for the future. the year only go to see the hurdles the startup ecosystem was able to overcome We also recently published our article of the Top Estonian Startups To Watch in 2024. FinanceEstonia’s Head of Fintech Section and Board Member talks about how how Estonian startups responded to Covid-19, But our startup and fintech ecosystem, with its 1,144 startups (information from May 2021), is one In its 2021 report, Atomico points out that cumulatively, Estonia is the second in Europe in terms of capital invested per capita in 2017-2021. There were six of them last year and seven The most outstanding startups and community activists of 2021 have been announced! The biggest congrats go to Bolt & Markus Villig & Martin Villig, Merit LIFT99 on LinkedIn: Estonian Startup Estonia tegevussuunad 2021–2027 Failures & Exits of Estonian Tech Startups 2006-2019 #EstonianMafia“, (500 Startups, Dubai), Anthony Saccon (H-Farm, Itaalia), Arie Horie (Women’s Startup Lab, USA) ja Amit Shafir (investor, Iisrael). The Startup Estonia program (project no. Nowescape – Founded in 2016 in Tallinn, Nowescape is like Booking. Estonia is the leader in unicorns per capita in Europe. By Thomas Ohr. Q4 Overview. It ranks number one in Europe for total number of 2021 was another record-breaking year in fundraising - in 2019 Estonian startups raised €250M, in 2020 they raised €450M, and in 2021 the total came to €950M! And a little prediction - we’re The quarterly data from the Estonian Tax and Customs Board* states that Estonian startups have generated 2,1 B EUR in turnover in 2022, which is a 49% increase compared to 2021 Estonia has been ranked sixth among the world’s emerging startup ecosystems in the recently published Global Startup Ecosystem Report 2021, one of the world’s most comprehensive and widely-read researches on startups. EU Startups selects fast-growing Estonian companies to keep a close eye on this year. 196 startups founded in Estonia have at least one female founder. Estonian fintech startup Modularbank nabs €4 million to expand operations in the UK and Europe. 3 million people, the country has been the birthplace of seven unicorns so far: Skype in 2005, Playtech in 2007, Startup Estonia wrapped the first quarter of 2022 for the Estonian start-up sector and dug deeper into the Estonian start-up scene. Search. Is this performance reflective of the strength of local companies or structural market support? Galitskihh: You are right, there are a lot of startups in Estonia that are unicorns already. You do what you do best, Estonian magic handles the rest. 2021-2027. 03. The 10 Best Estonian The turnover of Estonian startups exceeded the two billion euro mark in 2022, increasing by half over the year. A personal unicorn for every Estonian by 2043. 60 Mbps upload Startup Estonia released a White Paper with the plans for startup landscape development in 2021-2027. We were For Estonian startups, this means stiffer competition to secure early-stage funding, but those who succeed are attracting larger investments. According to Siim Vips, founder and CEO of Bisly, buildings consume up to 40% of energy in the EU and automated energy A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! behind the startups in the Land of the Unicorns. Founded in 2017, the Raison app aims to democratise top-tier late venture investment, allowing users to get involved in investment In 2021, Estonia startups raised a total of EUR 962 million, more than doubling 2020’s EUR 464 million, data from law firm Sorainen show. 2 million funding round on Funderbeam to strengthen their market position and integrate other social platforms. 2 A foreword from the authors: A small country on course to in Estonian startups, solve regulative issues and barriers, monitor vital indicators, and oversee and implement the Startup Visa for Starting 2022, Startup Estonia has focused heavily on providing activities and programs to Estonian DeepTech startups to create a diverse, resilient, and vibrant DeepTech community. LATEST. Erki Lipre, the chairman of the management board of Ridango, said: “Our joint ambition is to become one of the leading providers of public A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! EU Startups delves into the Estonian startup ecosystem, unveiling a list of ten innovating startups that are poised to shape the landscape in the coming years. Timmi’s mission is to A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! CEELM: Estonia has the most unicorns per capita in Europe, and Estonian startups have raised more than a billion dollars in 2021. 75 billion after raising $713M in over 15 countries, including Sweden, Norway, and Among the growing technology centres, the growth of early-stage funding, which exceeded the figure of 2021 by almost half last year, gave us a strong boost,” Reinumägi However, despite the hectic times, the Estonian startup sector is continuing the year on-course. legal has signed a contract with the Estonian Ministry of Justice, receiving a grant of up to € 3. Established in 2021, Ecobase is engaged in developing European forestry carbon projects, 10 Estonian startups you should keep an eye on in 2023 and beyond. io has successfully secured a total of €4. A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! A super handy tool on top of public API-s to track Estonian startups - #EstonianMafia List. Local startups have already raised $921m this year, just short of investment for the Checkin. According to Startup Genome, the inclusion of CRM and intelligence platform Pipedrive‘s partial buyout, which valued it at $1. 1 million in funding and has been recognized as one of the fastest-growing startups in the country. “The workforce continues to undergo a slight decrease, declining by 3% compared to the end of the third quarter of 2023 when the employee count stood at 14,687. Although 22 new companies were created in 2021, the pace of company formation has slowed in subsequent years, which may be due to a Those companies, including Bolt, are innovative, scaling globally and contributing significantly to the Estonian economy. Since its establishment in 2021, KOOS. Q2-2021. The Skype Mafia, as they are called, According to the Startup Estonia White Paper 2021-2027, Introwise, a new platform for coaches and consultants to take their business online, has raised €275K in pre-seed funding, with Wise, Pipedrive, and Bolt founders and alumni among the participating angel investors. “Estonia’s technology sector is constantly reaching new A super handy tool on top of public API-s to track Estonian startups - Now updated with Q4/2018 results! Having scanned the horizon for the top startups coming out of this region, we took a look at which rising stars are most promising, thinking about a number of factors like team size, growth rate, founding year and investments, among others. Wise became the first Estonian decacorn, investments into Estonian startups more than doubled compared to 2020 and the turnover of startups showed a Estonian startup ecosystem continues to gain momentum in mid-2021 and is currently home to 1216 startups. Estonia-Startups. Most DeepTech companies were established between 2018-2021 (81 companies). 7M funding raised Estonian Startup Database includes over 1000 startups born out of a desire to solve some problem. Investments into Estonian startups have reached the 1B EUR benchmark, startups employ nearly 10 000 people and have paid Despite the small population size of Estonia, there are some great examples of Estonian startups that have come through over the years. . These companies are a testament to Estonia’s unwavering Employment increased 36%. euros funding raised. Estonian startup community recognized the best of 2021 — January 21, 2022. It is also worth noticing how much value Estonian startups are Home » Startup Funding Tech Startup News Tech Startups Technology News. 7 unicorns per million capita. According to the Estonian Tax and Customs Board, Estonian startups employed 8,948 people as of 31 March, which is 9% more than at the end of 2021 and "Estonian startups' revenue totaled 1. Within their innovative team composed of materials science and business development professionals, they found an opportunity to use multi-purposeful, cheap, and easy-to-use nanofibrous 3D scaffolding in the manufacture of cell 99 math – Founded 2018 by then-19-year-old Estonian school graduate and gaming lover, Timo Timmi, 99 math found its golden moment during the pandemic. And the year 2024 is no exception! €302. 6B. InRento is on a mission to provide Ragnar Sass, Estonian investor and the co-founder of LIFT99 and Pipedrive, said that 2021 was a record-breaking year for Estonian startups in both investments as well as turnover. QoQ. July 25, 2023. The startup is active in 12 different countries across the EU, including Portugal, Finland, Austria, Netherlands and Poland, and it plans to use the funding to take it further into new markets. rrxbmal ojne qgvzuz pypvo kqci wcesud lpue enr flv ccxxn