Countries. Estonia

Estonian identity verification startup Veriff becomes unicorn with $100M funding

Tallinn-based Veriff has closed a $100 million Series C round, becoming Estonia’s sixth unicorn. The other five are Skype, Wise, Pipedrive, Bolt, and Playtech. The fresh round values Veriff at $1.5 billion, Sifted reports. Founded in 2015 by the Estonians

Estonian fintech Tuum secures €15M for digital banking development

Tuum, a Tallinn-based fintech, has closed a €15 million Series A funding round led by Portage Ventures, a global investor dedicated to supporting fintech companies. The existing investors, Blackfin Tech and Karma Ventures, also participated, Sifted reports. Tuum was founded

Estonian Bolt raises $709M at $8.4B valuation

Bolt, an Estonian startup and app for on-demand transportation and delivery, has raised $709 million (€628 million) and almost doubled its valuation to $8.4 billion (€7.4 billion), TechCrunch informs. Founded in 2013 by Markus Villig, Bolt is a Tallin-based company

Estonian healthtech Migrevention raises €355K pre-seed investment

Migrevention, a Tallin-based startup developing digital solutions for the remote treatment of migraines, has completed a €355,000 pre-seed round, EU-Startups reports. Founded in 2020 by Katrina Laks, Migrevention’s solution offers digital treatment options in the app that users can easily

Estonian Ridango acquires LIT Transit, Slovenian firm providing IT solutions for public transport

Ridango, a Tallinn-based company specializing in the development of systems for public transport ticketing as well as payments solutions, has acquired a 100% stake in Slovenian LIT Transit. The parties do not disclose the financial details of the deal. Now the

Estonian fintech startup Raison raises $900k seed round

Raison, an Estonian late venture investment marketplace, has raised $900,000 during a seed round. The company is now valued at $11.5 million. Server Partners led the round, The Baltic Times reports. Founded in 2017 by Alexander Zaytsev, Andrey Berezin, and Andrey Kononykhin,

Estonian-born HRtech Teamscope raises €1.3M

Teamscope has raised €1.3 million from Estonian and foreign investors to improve the executive hiring processes through its Software-as-a-Service platform, EU-Startups reports. Founded in 2015 by Alo Arro, Lauri Ilison, and Tonis Arro, Teamscope is a platform that helps executives improve

Estonia/UK-based startup U24 Solutions secures $1.2 million

U24 Solutions, a Hitchin, UK and Tallinn, Estonia-based software development studio, has secured $1.2 million in funding. The money was raised from Thorgate Ventures and MSD Service OY, EU.Startups reports. Founded in 2017 by Steve Parker and CEO Arnet Mahmastol,