Hire · 08 Sep · —
Tallink has appointed Armin Penner as its new CFO, replacing the current financial director who is leaving for Viru Keemia Grupp.
Exit · 08 Sep · EUR 250K
Punktid Technologies is exiting the First North alternative market after spending 250,000 euros.
Launch · 02 Sep · —
Skeleton Technologies and Infineon Technologies have signed a memorandum of understanding to develop power supply solutions for AI data centers, aiming to improve energy efficiency and system reliability.
Hire · 02 Sep · —
Tanel Olek has joined Kaamos Kinnisvara as CEO after leaving Mainor Ülemiste.
Exit · 01 Sep · —
The sale of the Saaremaa production unit helped PRFoods into profit.
Hire · 01 Sep · —
SEB has appointed Joosep Kadak as the head of corporate banking, replacing Peep Jalakas who moved to Tallink.
Hire · 01 Sep · —
Elisa Estonia has appointed Martin Link as the new head of its business customer unit, previously from Cybernetica.
Hire · 01 Sep · —
Glassense has expanded its management team by hiring Ardo Asperk and Siiri Odrats-Koni to improve profitability.
Exit · 01 Sep · —
Alar Mitt, the founder of ALAR INVEST OÜ, has bought out his long-time business partners Jaan Tammor and Martin Vihmann.
Launch · 31 Aug · —
Tensor Estate is facilitating the establishment of an AI factory in Estonia, attracting new investors.
Hire · 31 Aug · —
Respo Trailers will have a new leader, Indrek Ojamaa, starting in September, while the current leader Toomas Antons will continue in the council.
Exit · 28 Aug · —
Zondacrypto, a cryptocurrency company suspected of fraud, has gone bankrupt in Estonia.
Hire · 27 Aug · —
Yook Production has appointed Andres Kangur as the new sales manager, responsible for global sales activities and product development.
Hire · 26 Aug · —
Modera will have a new CEO in September.
Launch · 21 Aug · —
Skeleton Technologies has moved its battery production to Finland, establishing a factory in Varkaus to produce new 'super batteries' that address energy storage challenges.
Launch · 20 Aug · —
SKN Industrial Solutions OÜ expands its equipment supply across Europe, specializing in fire suppression systems, dosimetric equipment, and pumps and compressor equipment for industrial and energy infrastructure.
Launch · 20 Aug · —
Bolt has launched its shared bicycle service in central Riga and nearby areas, with plans to expand based on demand.
Launch · 17 Aug · —
Auroomi has successfully launched a new sauna product that is well-suited for Southern Europe during a heat wave.
Funding · 14 Aug · EUR 4K
Guardian Labs secured pre-seed funding of €4,000 to develop their phone fraud prevention technology.
Launch · 13 Aug · —
Tensor is establishing the first international artificial intelligence factory in the Baltics, promising significant economic impact for Estonia.
Launch · 12 Aug · EUR 25.0M
Allas Pool is expanding to Tallinn with a new sea spa project, backed by a 25 million euro investment budget, in collaboration with the Estonian real estate development company Kapitel.
Launch · 12 Aug · —
Launch of Hairmagic Production, a company focused on processing natural Slavic hair and creating hair products.
Launch · 11 Aug · —
Peetri Pizza expands its express pizza offering to 42 Alexela service stations across Estonia, marking the largest expansion in its history.
Launch · 10 Aug · —
Iute Group has launched iuteMarket, an integrated shopping service within the Myiute app, allowing customers to discover, finance, and purchase products seamlessly.
Exit · 06 Aug · —
Ringy acquires Upgreat, the largest retailer of refurbished smart devices in the Baltics.
Exit · 04 Aug · —
Pipedrive has acquired Outfunnel, a startup co-founded by its former marketing chief Andrus Purde.
Exit · 03 Aug · —
ZONE MEDIA OÜ was sold to YOUR.ONLINE BALTICS FINACQ OÜ.
Launch · 02 Aug · —
BLOUIT TORDIKÜÜNLAD OÜ launched their edible cake candles, now available in several stores, transitioning from a school project to a profitable business.
Launch · 01 Aug · —
Veski Teod has launched Estonia's first snail farm, producing snail vodka and exporting to Ireland, and has partnered with two restaurants.
Launch · 31 Jul · EUR 50.0M
Greenergy Data Centers is expanding its data center in Estonia with a project worth 50 million euros, increasing its power capacity by 22 MW.
Launch · 31 Jul · —
RayFoil has launched electric surfboards (eFoils) in several European countries.
Launch · 29 Jul · —
Bolt has launched a new feature allowing users to book rides through the ChatGPT AI tool, making it the first mobility service platform in the EU to integrate this capability.
Launch · 28 Jul · —
Sunly plans to build the largest data center in the Baltics in Risti, with an initial capacity of 180 megawatts, potentially increasing to 400 megawatts.
Hire · 24 Jul · —
Inbank has appointed a new Chief Technology Officer.
Launch · 16 Jul · —
Patchstack has partnered with Hostinger to integrate continuous open-source vulnerability management for Node.js hosting.
Launch · 07 Jul · —
Mifundo partners with Biroul de Credit to enhance cross-border credit data access for European banks, improving assessments for Romanian customers.
Funding · 07 Jul · EUR 470K
Display.dev has secured €470,000 in pre-seed funding to develop its publishing and collaboration platform for AI agents.
Exit · 30 Jun · —
Kriptomat has ceased providing all regulated services and is in the process of shutting down its platform, transitioning to a read-only phase.
Launch · 16 Jun · —
Bolt is launching an autonomous mobility pilot programme in Luxembourg.
Funding · 10 Jun · EUR 1.6M
Nanordica Medical has raised €1.6 million to launch its nanotech dressing for chronic wound healing.
Launch · 09 Jun · —
Cellin Technologies is advancing a cell-therapy treatment that stimulates the body to grow new blood vessels, helping patients avoid amputation.
Exit · 20 May · —
PLG Group signed an agreement to acquire iaBilet, a leading ticket sales platform in Romania, from Resource Partners.
Launch · 08 May · —
DefsecIntel has delivered three mobile surveillance systems to enhance border surveillance capabilities.
Exit · 08 May · —
Estonian Taavet Hinrikus among new owners of NBA's Portland Trail Blazers
Funding · 08 Apr · EUR 3.0M
Handhold raised EUR 3.0M in seed, led by Entourage Capital.
Launch · 07 Apr · —
ÄIO and tilk! launched the Skin Booster Bio-Fermented Serum with ÄIO RedOil, marking a significant step in their collaboration and the cosmetics industry.
Launch · 06 Mar · —
ALPA Kids is building the ALPA Voice Lab to develop speech-based learning tools in children's native languages, enhancing AI's support for language learning.
Funding · 24 Feb · EUR 30.0M
Frankenburg Technologies raised EUR 30.0M in Series A, led by Plural.
Funding · 15 Jan · EUR 2.2M
BetterPic raised EUR 2.2M in seed.
Exit · 19 Dec · —
Ready Player Me, acquisition by Netflix.
Funding · 15 Oct · EUR 45.0M
Starship Technologies raised EUR 45.0M in Series C, led by Plural.
Exit · 14 Oct · —
Striga, acquisition by Lightspark.
Funding · 24 Jul · EUR 20.7M
Lightyear raised EUR 20.7M in Series B.
Funding · 09 Jun · EUR 47.3M
Pactum raised EUR 47.3M in Series C, led by Insight Partners.
Funding · 06 Jun · EUR 5.6M
Lendurai raised EUR 5.6M in seed.
Funding · 28 Mar · EUR 4.0M
Frankenburg Technologies secured EUR 4M, split equally between Blossom Capital II LP and existing investor Shellona Ltd.
Funding · 24 Sep · EUR 6.1M
AIO raised EUR 6.1 million to build a demonstration plant in Estonia for sustainable fats and oils production. Voima Ventures, 2C Ventures, SmartCap and Nordic Foodtech VC participated with no single investor named as lead.
Funding · 20 Sep · EUR 4.5M
Patchstack raised a USD 5 million Series A round backed by Karma Ventures, G+D Ventures and Emilia Capital, the investment firm founded by Yoast co-founders. Funds were earmarked for product development and a sales and marketing team.
Funding · 11 Jul · EUR 18.4M
Pactum raised an USD 20M Series B led by Karma Ventures to expand its autonomous procurement-negotiation platform.
Funding · 05 Feb · EUR 83.8M
Starship Technologies raised USD 90M in a round co-led by Plural and Iconical after passing six million autonomous deliveries.
Funding · 01 Jul · EUR 75K
ALPA Kids received a EUR 75,000 Horizon Europe Women TechEU grant for its ALPAWomenTechEU project to expand its e-learning platform into Poland, running from July 2023 to April 2024.
Funding · 06 Feb · EUR 2.4M
Nanordica Medical received a EUR 2.4M EIC Accelerator grant to support development of its antibacterial wound care technology.
Funding · 06 Feb · EUR 375K
Nanordica Medical closed an oversubscribed EUR 375k seed round led by experienced Estonian health and startup angel investors, with additional angels from Germany, Finland, Belgium and Switzerland.
Funding · 13 Dec · EUR 19.0M
Pactum raised USD 20M in additional funding led by 3VC, with participation from NordicNinja VC, Maersk Growth, and existing investors.
Funding · 23 Aug · EUR 56.4M
Ready Player Me raised 56 million USD in Series B funding co-led by a16z Games Fund One and a16z crypto, with participation from Plural, Endeavor, Konvoy and other investors. The funds were earmarked for expanding the avatar creator platform and developer tools.
Funding · 14 Jul · EUR 25.0M
Lightyear raised a USD 25M Series A led by Lightspeed Venture Partners to expand its European retail-investing platform.
Funding · 01 Mar · EUR 37.6M
Starship Technologies raised a USD 42M Series B co-led by NordicNinja and Taavet+Sten to grow its delivery-robot fleet.
Funding · 25 Jan · EUR 50.0M
Starship Technologies received a EUR 50M quasi-equity facility from the European Investment Bank to expand its autonomous delivery fleet.
Funding · 01 Dec · EUR 11.5M
Ready Player Me raised 13 million USD in Series A funding led by Taavet+Sten, with participation from Tom Preston-Werner, Samsung Next, NordicNinja VC and Konvoy Ventures. The round funded expansion of cross app avatar technology, years before the company's 2025 acquisition by Netflix.
Funding · 15 Sep · EUR 7.2M
Lightyear raised a USD 8.5M seed round led by Mosaic Ventures to expand its commission-free European investing platform.
Funding · 30 Jun · EUR 2.2M
Estonian crypto exchange Kriptomat closed a EUR 2.2 million funding round led by Bulgaria's LAUNCHub Ventures, which also signed a strategic partnership agreement with the company. This predates the 2026 wind down already on file.
Funding · 03 Jun · EUR 1.2M
Lightyear raised EUR 1.2M in pre-seed funding led by Taavet Hinrikus and Sten Tamkivi, with Jaan Tallinn and other angel investors participating.
Funding · 27 Apr · EUR 9.1M
Pactum raised an USD 11M Series A led by Atomico, with participation from Metaplanet and several Estonian technology founders.
Funding · 27 Jan · EUR 14.0M
Starship Technologies raised USD 17M from investors including TDK Ventures and Goodyear Ventures to expand its delivery-robot fleet.
Funding · 02 Jul · EUR 2.7M
Pactum raised a USD 3M seed round led by Project A to develop AI-based contract negotiation.
Funding · 20 Aug · EUR 36.1M
Starship Technologies raised a USD 40M Series A led by Morpheus Ventures to expand autonomous delivery services.
Funding · 05 Nov · EUR 352K
Cellin Technologies received a seed investment of about EUR 352,000 from the Estonian Development Fund and an unnamed co-investor to support stem cell research, together acquiring a one-third stake in the company. This is a historical round from November 2010 that predates the company's tracked events.