Tallinn's startup ecosystem is a significant force in Europe, with a strong focus on technology. The city is home to a variety of companies in mobility, AI, and financial services.
Mobility company Bolt leads the pack with $2.3 billion in total funding. Following behind is identity verification platform Veriff, which has attracted $192.3 million from investors.
Below is our list of 64 Tallinn startups worth keeping an eye on.
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Get the Sheet for $50Bolt builds an all-in-one mobility app that offers a range of services from ride-hailing and food delivery to shared scooters and cars. The platform aims to make urban travel more affordable and convenient by consolidating these options into a single interface.
| Year Founded | 2013 |
| Founders | Markus Villig, Martin Villig, Oliver Leisalu |
| Funding Amount | $2.3B |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Debt Financing |
| Top Investors | European Investment Bank, Citi, Sequoia Capital, Deutsche Bank, International Finance Corporation |
Veriff provides an AI-driven identity verification platform that helps businesses stop online identity fraud. The technology automates the verification process, allowing companies to securely onboard customers while preventing fraudulent activity.
| Year Founded | 2015 |
| Founders | Janer Gorohhov, Kaarel Kotkas |
| Funding Amount | $192.3M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Accel, IVP, Y Combinator, SV Angel, Tiger Global Management |
Haut.AI builds an AI SaaS platform that provides advanced skin analysis for beauty and e-commerce companies. Their technology enables brands to deliver personalized skin health recommendations directly to their customers.
| Year Founded | 2018 |
| Founders | Anastasia Georgievskaya, Konstantin Kiselev |
| Funding Amount | $2M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Seed |
| Top Investors | LongeVC, Grupo Boticário Ventures |
Creem has built a Merchant of Record platform specifically for SaaS companies, indie hackers, and micro-SaaS businesses. Their service gives these smaller ventures instant access to financial tools, handling the complexities of payments and compliance on their behalf.
| Year Founded | 2024 |
| Founders | — |
| Funding Amount | $2M |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Pre-Seed |
| Top Investors | Antler, Practica Capital, Johan Pietilä Holmner, Martin Olofsson |
Hacken operates as a leading cybersecurity auditor for companies building on Web3 and blockchain technologies. Their team offers a range of security assessments, from smart contract audits to penetration testing, to protect digital assets and decentralized applications.
| Year Founded | 2017 |
| Founders | Andrew Matiukhin, Dmytro Shestakov, Dyma Budorin, Yegor Aushev, Yevheniia Broshevan |
| Funding Amount | $2.5M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Initial Coin Offering |
| Top Investors | — |
Stargate Hydrogen offers turnkey electrolysis solutions for producing green hydrogen from renewable energy. Their technology aims to accelerate the energy transition by making it simpler for industrial companies to generate their own clean hydrogen.
| Year Founded | 2021 |
| Founders | Marko Virkebau |
| Funding Amount | $63.7M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | Repsol Corporate Venture, European Commission, GIGA Venture, SmartCap, UG Investments |
Hepsor develops residential and commercial properties with a strong emphasis on modern architecture and sustainability. Their projects are distinguished by innovative construction and a commitment to creating green living and business environments.
| Year Founded | 2011 |
| Founders | Andres Pärloja, Henri Laks |
| Funding Amount | $51M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Debt Financing |
| Top Investors | Bigbank, LHV Group |
Vocal Image builds an AI-powered voice coach that helps users improve their communication skills. Their application provides personalized exercises and real-time feedback to enhance vocal tone and clarity.
| Year Founded | 2021 |
| Founders | — |
| Funding Amount | $4.5M |
| Startup Size | Founding Team (1-10) |
| Last Funding Status | Seed |
| Top Investors | Startup Wise Guys, Specialist VC, Educapital, G-FUND |
Bigbank operates a digital bank that provides various loan products and deposit services. They specialize in consumer loans and term deposits, making them accessible to customers through a fully online platform.
| Year Founded | 1992 |
| Founders | — |
| Funding Amount | $30.6M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Debt Financing |
| Top Investors | — |
Elcogen manufactures core technology for the green energy transition, enabling affordable green hydrogen and emission-free electricity. They produce some of the world's most efficient solid oxide cells and stacks, which are key components for a new generation of clean power systems.
| Year Founded | 2001 |
| Founders | Enn Õunpuu |
| Funding Amount | $145M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | Baker Hughes, European Commission, EASME, SmartCap, Korea Shipbuilding & Offshore Engineering |
54 Additional Tallinn Startups Worth Following
But the top 10 are only part of the story in Tallinn. Across the city, companies in fields like AI and fintech have raised more than a billion dollars combined.
The list includes both new ventures and more established names, all contributing to the city's growth. Here’s a look at the other startups shaping Tallinn's future.