Estonia startup ecosystem
Estonia is a digital pioneer — its e-Residency program and fully digital government have attracted entrepreneurs from around the world. Tallinn's compact but highly connected ecosystem excels in cybersecurity, fintech, and govtech. Per capita, Estonia has produced more unicorns than almost any other country, including Skype, Wise, and Bolt. The directory currently lists 52 organisations across 5 cities.
Showing 21–40 of 52 Estonia
Cities in Estonia
Types in Estonia
Estonia results
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Markus Villig
Founder of Bolt (ride-hailing), Markus (from Estonia) has reinvested some of his gains into fellow CEE startups. He joined a funding round for Sunroof (Polish-Swedish solar roof startup) as an angel. He represents the new generation of founders backing each other across borders. Associated startups: Sunroof, Planet42 (has operations in PL).
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Montonio
Montonio is an Estonian payments and post-checkout platform for e-commerce merchants. Through a single API and dashboard it offers open-banking bank-transfer payments, card payments, Apple Pay and Google Pay, BLIK and Buy-Now-Pay-Later financing, alongside post-checkout tools such as shipping labels, parcel tracking, returns and refunds. The company serves merchants across the Baltics and Poland, aiming to be a unified checkout solution for the region. Its regulated payment-institution entity is registered in Lithuania while the company operates from Tallinn.
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NEVERHACK Estonia
NEVERHACK Estonia is a leading cybersecurity solutions provider headquartered in Tallinn, Estonia, with over 15 years of experience serving Estonian and regional markets. The company offers Security Operations Center (SOC) services, offensive security assessments, incident response, and security consulting to private and public sector organizations. As the Estonian arm of the NEVERHACK Group, it organizes and hosts the Nordic Baltic Security Summit, the region's premier annual cybersecurity conference.
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Nordic Baltic Security Summit 2026
A one-day summit focused on AI acceleration, digital dependency, and geopolitical risk, convening security leaders and tech vendors. A focused stage for security and defence founders selling into the Nordic-Baltic public and enterprise sector.
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Nortal
Nortal is a Tallinn-based digital transformation company founded in 2000 that has become one of the most influential govtech and enterprise IT consultancies in Europe. The company helped build Estonia's pioneering e-government infrastructure and now exports that expertise to governments and large enterprises across 25+ countries, including Oman, Finland, and Saudi Arabia. With over 1,500 employees, Nortal delivers end-to-end services spanning strategy, software engineering, data platforms, and cloud migration. It stands as proof that Baltic govtech know-how can scale into a global consulting and technology business.
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Pactum AI
Pactum AI is a Tallinn-founded company, started in 2019 by Kaspar Korjus and Kristjan Korjus, that builds autonomous AI agents to run supplier negotiations at enterprise scale, handling pricing, payment terms, rebates, and contract complexity that traditional procurement workflows leave unsolved. Its agentic negotiation platform is used by more than 60 Global 2000 companies, including Walmart and Maersk, and the company reports negotiation volumes increased fivefold with millions of dollars in documented savings for customers. Pactum raised a EUR 18.4 million round in 2024 to expand its autonomous procurement platform.
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Pipedrive
Pipedrive is a sales-focused CRM platform originally founded in 2010 in Tallinn, Estonia by Timo Rein, Urmas Purde, and a team of experienced salespeople and developers. The platform provides an intuitive pipeline-management interface that helps small and mid-sized businesses track deals, automate follow-ups, and forecast revenue. Pipedrive serves over 100,000 paying companies in 175 countries and employs more than 850 people. In 2020, Vista Equity Partners acquired a majority stake at a reported $1.5 billion valuation. Pipedrive is one of Estonia's most prominent tech exports and a pillar of the Baltic startup ecosystem.
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Ragnar Sass
Co-founder of Pipedrive, this Estonian angel frequently invests in the region including Poland. He loves B2B SaaS and edtech; for example, he’s mentored and funded Polish education startup Mentornaut and others. Ragnar’s cross-border investments help integrate Polish startups into the Baltic network. Associated startups: Mentornaut, Lift99 (community spaces bridging to Poland).
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Salv
Salv is an Estonian anti-financial-crime (RegTech) company building a compliance SaaS platform for banks, fintechs and payment providers. Its products cover AML transaction monitoring, sanctions and transaction screening, customer risk scoring and fraud detection. Salv also operates Salv Bridge, a cross-border real-time platform that lets financial institutions collaboratively share intelligence to fight crime. The founding team previously worked together on AML, KYC and fraud systems at TransferWise (Wise) and Skype.
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ScanBalt
ScanBalt (ScanBalt MTÜ) is a network organization founded around 2001 and headquartered in Tartu, Estonia, whose mission is to develop the Baltic Sea Region as a single test site for healthcare products and services across life sciences, health data, and precision medicine. Celebrating its 25th anniversary in 2026, ScanBalt serves as co-organizer of the Estonian HealthTech Week and connects innovators, researchers, and policymakers across the Nordic and Baltic countries.
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Skeleton Technologies
Skeleton Technologies is an Estonian energy storage company founded in 2009 by Taavi Madiberk and Oliver Ahlberg, specializing in ultracapacitors and supercapacitors built with its proprietary Curved Graphene material. The company's products deliver rapid-charge, high-power energy storage for transportation, grid balancing, and industrial applications. Skeleton operates a manufacturing facility in Germany and has raised over EUR 200 million, including backing from the European Investment Bank and strategic partners in automotive and energy. It is one of the most capital-intensive deep-tech startups from the Baltics and a European leader in next-generation energy storage hardware.
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Specialist VC
Formerly United Angels VC, Specialist VC was founded in 2017 by Riivo Anton and Gerri Kodres and rebranded in 2022 upon closing its €50M Fund II — the first Baltic VC fund to integrate secondary transactions alongside primary venture investing. The firm focuses on B2B, SaaS, fintech, and marketplace startups in the Baltic region and beyond, writing initial cheques from €200K to €1M at seed through Series A. Its Fund I portfolio includes two unicorns, Bolt and Veriff, alongside Starship Technologies and Monese, making it one of the highest-performing early-stage funds to emerge from Estonia.
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Stargate Hydrogen
Deep-tech firm manufacturing precious-metal-free alkaline electrolyser stacks (0.5-5 MW) and containerised green-hydrogen systems for refineries, steel and ammonia. Opened a Tallinn factory in 2025; backed by Repsol.
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Starship Technologies
Starship Technologies is a Tallinn-founded robotics company building autonomous sidewalk delivery robots for last-mile grocery, food, and package delivery. Founded in 2014 by Skype co-founders Ahti Heinla and Janus Friis, the company has completed millions of commercial deliveries across the US, UK, and Europe. Starship's six-wheeled robots navigate sidewalks using computer vision and sensor fusion, and have raised over $100 million in funding. The company operates in university campuses, suburban neighborhoods, and city centers, making it one of the most deployed autonomous delivery platforms globally and a flagship Estonian robotics success.
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sTARTUp Day
Organizer of sTARTUp Day, Estonia's largest business festival held annually in Tartu since 2016. The two-day event brings together over 5,000 founders, investors, executives, and visitors from 60+ countries, featuring pitch competitions, workshops, and networking that showcase Estonia's reputation as one of Europe's leading digital startup nations.
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sTARTUp Day 2026
Startup festival at the University of Tartu Sports Hall with 3,500+ attendees, 350+ investors, and 400+ startups. Includes the sTARTUp Pitching competition (often with a EUR 300k+ syndication pool) and Brella-powered 1:1 matchmaking.
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sTARTUp Day 2027
sTARTUp Day is Estonia's leading startup-minded business festival, bringing over 3,000 founders, investors and ecosystem players to Tartu for three days, 17-19 August 2027. The event includes a matchmaking app, multiple stages, a demo area and investor and executive programmes. Ticket prices start from around EUR 109.
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Startup Estonia
Startup Estonia is the Estonian government's official initiative to supercharge the local startup ecosystem, operating under Enterprise Estonia (EAS) and the Ministry of Economic Affairs. Launched in 2011, Startup Estonia coordinates national policy for startups, runs the Estonian Startup Visa program (one of Europe's first dedicated founder visa schemes), and maintains a comprehensive database of the country's startup ecosystem. The organization played a central role in establishing Estonia's favorable regulatory environment for startups, including the e-Residency program's integration with company formation and the stock option tax framework. Startup Estonia also runs awareness campaigns, organizes ecosystem events, and produces the annual Estonian startup sector report tracking the country's remarkable per-capita unicorn rate, which is among the highest in the world.
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Startup Wise Guys
Startup Wise Guys is a Tallinn-founded B2B startup accelerator and early-stage VC founded in 2012, operating as one of the most active and prolific accelerators in the Central and Eastern European ecosystem. The firm runs over 45 sector-specific programmes annually spanning fintech, cybersecurity, SaaS, sustainability, and agritech, and has invested in over 600 startups from more than 60 countries. Its most recent fund of €45 million reached a first close of €25 million in 2023. Startup Wise Guys provides €100K–200K investments at pre-seed stage in exchange for equity, combined with intensive hands-on mentorship from operators and investors. Notable portfolio exits include VitalFields (acquired by Climate Corporation), StepShot (acquired by UiPath), and VOCHI (acquired by Pinterest).
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Sten Tamkivi
Sten Tamkivi is an Estonian entrepreneur and investor who spent over eight years at Skype as an early executive, helping grow the Tallinn R&D office to 450 people before its $8.5 billion acquisition by Microsoft. He co-founded Teleport (acquired by Topia in 2017) as an EIR at Andreessen Horowitz, and made roughly 40–50 angel investments before co-founding the Taavet+Sten partnership with Taavet Hinrikus in 2020. He is currently a partner at Plural, a pan-European early-stage VC fund focused on ambitious founders.
