Countries. Estonia

Estonian fintech startup Monese raises $35M 

The Estonian-founded fintech startup Monese has raised $35 million in funding from HSBC, the largest bank in Europe. The investment will support the startup’s move into the Banking-as-a-Service business, Invest in Estonia reports. Founded in 2013 by Norris Koppel, Monese is

Estonian insurtech Insly raises €1.1M in a bridge funding

Insurtech Insly has completed a €1.1 million bridge funding round, bringing a total of €5.8 million in investments. The existing investors Concentric, Uniqa Ventures, and the angel syndicate Fund Fellow Founders co-financed the startup, Insurance Times reports. Founded in 2014

Estonian proptech startup Bidrento raises €800k in a follow-up round

The Tallinn-based proptech startup Bidrento has raised €800,000 in a follow-up seed funding round for European expansion. The company automates the management of rental properties, Tech.eu reports. Founded in 2019 by Natalja Napsep and Taavo Annus, Bidrento develops rental property management software, aiming

Estonian relocation platform Jobbatical raises €11.6M

The Tallinn-based job immigration and relocation platform Jobbatical has raised an €11.6 million Series A funding round to make worker migration paperless. Inventure led the round, supported by Union Square Ventures, Swiss Post Ventures, Karma VC, Metaplanet, Devotion Ventures, TechCrunch

Livonia Partners raises €157M for its Fund II

The largest pan-Baltic investment firm Livonia Partners has raised €157 million for its second fund. The Fund II investment strategy is to have sustainable growth prospects and a positive impact on society, and the environment. “The Baltic investment universe has

Estonian-Polish cybersecurity startup Fully-Verified raises new funding round

Fully-Verified, a Tallinn and Szczecin-based startup, has raised a new funding round of undisclosed amount. The funds Pomerangels VC and Invento Capital VC backed the startup along with several angel investors, FinSMEs informs. Founded in 2018, and led by Lukasz Kwiatkowki,

sTARTUp Day 2022 announces the winners of its Pitching

Estonian startup festival sTARTUp Day 2022 has announced the winners of its Pitching competition. This year, organizers received the record number of 380 applications from early-stage startups from 47 countries, and chose 40 teams to participate in the final pitching

Estonian startup scene report: €1B in funding and €958M in turnover in H1 2022

The first half of the year has been extremely successful for the Estonian startup sector. For the first time, the total amount of investments in Estonian startups has exceeded €1 billion and the turnover of all projects increased by 68%

Estonian blockchain startup Redstone secures $7M from Lemniscap 

Redstone, the Estonian decentralized finance oracle provider, has secured $7 million in a seed funding. The investment firm Lemniscap is the lead investor in this round, The Block reports. Founded in 2021 by Jakub Wojciechowski, Redstone is a Web3 startup