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Estonia's startup scene is defined by its diversity, with companies making strides in sectors from AI to green energy. This environment supports both large, established firms and new ventures.
Mobility company Bolt stands out with $2.3 billion in funding. Following behind are companies like Veriff, which focuses on identity verification, and Stargate Hydrogen in the renewable energy space.
Below is our list of 100 Estonia startups worth keeping an eye on.
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
Buy It For $97 $297 →Information about the industries, countries, and cities they generally invest in.
Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Bolt built an all-in-one mobility app that provides ride-hailing, food and grocery delivery, and shared car and scooter services. They offer a more affordable and convenient alternative to traditional transportation and delivery options in cities around the world.
Veriff develops an AI-powered platform that automates identity verification to protect businesses from online fraud. Their technology helps companies securely confirm customer identities and meet global compliance standards.
Haut.AI develops an AI-powered SaaS platform for beauty and wellness brands to offer personalized skin analysis. Their technology uses selfie-based assessments to track skin health and provide tailored product recommendations.
Creem provides a Merchant of Record platform that equips SaaS, indie hacker, and micro-SaaS businesses with instant financial tools. The service handles complex tasks like global payments, tax compliance, and fraud, allowing creators to focus on their products instead of financial administration.
Hacken offers a suite of cybersecurity services tailored for the Web3 industry, from smart contract audits to penetration testing. As one of Europe's largest blockchain security companies, they help projects secure their platforms and protect user assets from emerging threats.
Stargate Hydrogen offers turn-key electrolysis solutions for producing green hydrogen from renewable energy. They build efficient, scalable systems to help industrial sectors transition to sustainable fuel sources.
Hepsor develops sustainable residential and commercial real estate. Their portfolio is defined by modern architecture and an innovative approach to creating green environments.
Vocal Image offers an AI voice coaching app that helps users improve their communication skills. The platform provides personalized lessons and real-time feedback to help speakers sound more confident and articulate.
Bigbank provides digital banking services with a focus on consumer loans and term deposits for customers across Europe. The bank offers a variety of specialized financing, including loans for cars, home renovations, and travel.
Elcogen develops and manufactures solid oxide cell technology to provide clean energy solutions. Their core focus is delivering affordable green hydrogen and emission-free electricity to help decarbonize heavy industries.
Our top ten picks offer just a glimpse into what’s happening in Estonia. Founders across the country are building new companies in fields like AI and fintech, and they're raising the funds to grow.
Combined, the startups on our full list have raised over $1.8 billion. Here’s a look at the other 90 companies that are part of what makes Estonia’s startup community so strong.
| Startup | Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
| Mobility | 2009 | $313.3M | Series E | |
| Healthcare | 2020 | $3.5M | Pre-Seed | |
| Crypto | 2019 | $17.8M | Venture Round | |
| AI | 2019 | €57.5M | Series B | |
| Fintech | 2013 | €12.7M | Undisclosed | |
| Fintech | 2019 | €45M | Series B | |
| Crypto | 2021 | $5.7M | Seed | |
| Marketing | 2018 | $14.3M | Series A | |
| AgTech | 2022 | €9.7M | Grant | |
| Enterprise | 2017 | $67.4M | Series B | |
| Retail | 2018 | €14.5M | Series A | |
| Security | 2018 | $30.8M | Series A | |
| SaaS | 2018 | €15.8M | Venture Round | |
| Other | 2023 | €5.6M | Seed | |
| Robotics | 2024 | $8.7M | Seed | |
| AI | 2021 | €9.4M | Seed | |
| Analytics | 2020 | $2.5M | Seed | |
| Energy | 2019 | €743M | Debt Financing | |
| AI | 2023 | $4.5M | Seed | |
| AI | 2020 | €5.4M | Seed | |
| Fintech | 2016 | €8.9M | Seed | |
| Enterprise | 2000 | €134M | Debt Financing | |
| AI | — | €1.5M | Seed | |
| AgTech | 2016 | $26.7M | Series A | |
| Manufacturing | 2024 | €5.5M | Seed | |
| Manufacturing | 2019 | €26.5M | Debt Financing | |
| Fintech | 2015 | €11.1M | Series A | |
| Infrastructure | 2023 | €600k | Seed | |
| Environment | 2021 | €9.9M | Grant | |
| AI | 2013 | $17.2M | Venture Round | |
| Enterprise | 2023 | $500k | Pre-Seed | |
| AI | 2020 | $3.1M | Venture Round | |
| Manufacturing | 2018 | €16.8M | Seed | |
| Cloud | 2016 | $2.6M | Seed | |
| AI | 2014 | $19.7M | Series A | |
| Robotics | 2023 | $1.3M | Pre-Seed | |
| Infrastructure | 2023 | $1.9M | Seed | |
| Security | 2016 | €1.3M | Seed | |
| Manufacturing | 2016 | €16.8M | Venture Round | |
| Fintech | 2018 | €4.9M | Grant | |
| Fintech | 2020 | $5M | Seed | |
| Crypto | 2019 | $50.3M | Venture Round | |
| Energy | 2014 | €6.7M | Venture Round | |
| Fintech | 2020 | $30M | Corporate Round | |
| Fintech | 2024 | $2.4M | Seed | |
| Gaming | 2019 | $6M | Seed | |
| Mobility | 2018 | €5M | Seed | |
| Data | 2018 | $6.5M | Seed | |
| Robotics | 2018 | €1.8M | Series A | |
| Fintech | 2018 | $7.6M | Series A | |
| Security | 2016 | €6.5M | Debt Financing | |
| Media | 2013 | $72.6M | Series B | |
| Analytics | 2019 | $1M | Seed | |
| Enterprise | 2020 | $2.5M | Seed | |
| Fintech | 2023 | $1.4M | Pre-Seed | |
| SaaS | 2016 | $1.2M | Venture Round | |
| Retail | 2016 | $20M | Debt Financing | |
| Mobility | 2015 | €5.1M | Venture Round | |
| Biotech | 1999 | €19.2M | Debt Financing | |
| Enterprise | 2022 | $701.3k | Pre-Seed | |
| AI | 2020 | €1.8M | Seed | |
| Crypto | 2021 | $2.7M | Seed | |
| Media | 2017 | $1.3M | Seed | |
| Manufacturing | 2018 | €2M | Seed | |
| SaaS | 2021 | €1.3M | Grant | |
| Energy | 2022 | €1M | Pre-Seed | |
| Biotech | 2018 | €3.1M | Seed | |
| Robotics | 2023 | €305k | Pre-Seed | |
| Mobility | 2015 | €1.1M | Pre-Seed | |
| AgTech | 2015 | €480k | Seed | |
| Biotech | 2021 | €505k | Pre-Seed | |
| Media | 2020 | €425k | Seed | |
| Biotech | 2017 | $318.8k | Pre-Seed | |
| Cloud | 2015 | €200k | Seed | |
| Media | 2018 | €475k | Pre-Seed | |
| AI | 2019 | $250k | Seed | |
| Education | 2021 | €700k | Pre-Seed | |
| Infrastructure | 2000 | €50k | Grant | |
| Media | 2013 | €510k | Equity Crowdfunding | |
| GovTech | 2016 | €50k | Seed | |
| Manufacturing | 2014 | $171.4k | Seed | |
| Media | 2013 | €193k | Pre-Seed | |
| Fintech | 2016 | €2M | Seed | |
| Environment | 2016 | $180k | Seed | |
| Mobility | 2020 | €10k | Grant | |
| Media | 2012 | $439.8k | Equity Crowdfunding | |
| Logistics | 2015 | $126.7k | Pre-Seed | |
| Enterprise | 2022 | €1.5M | Seed | |
| Real Estate | 2015 | — | Pre-Seed | |
| Food | 2011 | €555.6k | Equity Crowdfunding |
