InvestorEmpowering Estonian businesses for global success.
The startup scene across Estonia
Where startups are forming across Estonia: the cities, accelerators and investors, and how you get close to them.
The ecosystem
Startup Estonia reported €3.902 billion in startup-sector turnover in 2024 and recorded €326.6 million in startup investment that year. Statistics Estonia counted 1,360,745 residents in Estonia on 1 January 2026.
StartupBlink ranked Estonia 12th in its 2026 country index, while the European Commission’s 2025 Innovation Scoreboard scored Estonia at 104.8% of the EU average.
Sectors and strengths
Startup Estonia attributed 63% of startup investment in 2024 to DeepTech. The University of Tartu reported 61 active spin-offs at year end 2025.
As of . Official information. Source: Estonia’s Startup Sector in 2024: Growth, Challenges, and Key Insights; University of Tartu Activity Report 2025
Notable companies
Pipedrive says it was founded in Tallinn in 2010, and Bolt says it was founded in Estonia in 2013 with an initial focus on improving Tallinn’s taxi system. These claims establish origins, not current headquarters.
As of . Source: Pipedrive reaches 100,000 customers: The story in numbers; About Bolt
Estonia’s register records Veriff OÜ as registered on 20 October 2015, and its 2025 annual report lists €78,510,775 in full-year revenue. Invest Estonia reports that Netflix acquired Estonia’s Ready Player Me in 2025; the claims do not establish either company’s current headquarters.
As of . Official information. Source: Veriff OÜ (12932944), e-Business Register; Baltic startups raised more than ever in 2025, Estonia championing the growth stage
Capital providers
EstBAN reported €14.1 million in member startup investment during 2025. Tera Ventures describes a pre-seed and seed investment strategy.
As of . Official information. Source: Angels Invested Over 14 Million Euros into Startups in 2025; Tera Ventures
SmartCap lists its Green Fund size at €100 million.
As of . Official information. Source: Home
Startup support programs
The Estonian Business and Innovation Agency’s Start-up Grant was marked closed when checked on 2 October 2026. It offers up to €20,000 with 20% co-financing; eligibility requires a company no more than three years old, fewer than 10 employees, pre-consultation with a regional center, and turnover meeting the stated tests at or below €40,000.
As of . Applications reported closed. Official information. Source: Start-up Grant
For investors
Startup Estonia reported €326.6 million in startup investment in 2024, with 63% attributed to DeepTech. EstBAN reported €14.1 million in member investment during 2025, and SmartCap lists a €100 million Green Fund; these figures refer to different providers and periods.
As of . Source: Estonia’s Startup Sector in 2024: Growth, Challenges, and Key Insights; Angels Invested Over 14 Million Euros into Startups in 2025; Home
Startup ecosystem standing
Where Estonia ranks
| Ranking | Edition | Position | Since last edition | Trust | What it measures |
|---|---|---|---|---|---|
 Global Startup Ecosystem Index (countries) | 2025 | #11 | No prior edition | B | Ecosystem, Activity, Finance, Business Climate |
 Emerging Ecosystems Ranking (GSER Top 100) | 2024 | #16 | Down 6 | C | Ecosystem, Performance, Finance, Talent |
 Global Innovation Index | 2025 | #16 | No change | A | Innovation, Competitiveness, Research, Talent |
 Doing Business (Ease of Doing Business ranking) | Doing Business 2020 | #18 | Down 2 | B | Business Climate |
 IMD World Competitiveness Ranking | 2026 | #28 | Up 5 | B | Competitiveness, Business Climate, Performance |
 Bloomberg Innovation Index | 2019 | #36 | Up 3 | B | Innovation, Research |
| Business Ready (B-READY) | B-READY 2025 | Listed | No prior edition | C | Business Climate |
101 organizations with a profile
Who's based in Estonia
Investors 72
Investor
InvestorEmpowering early-stage startups through investment and mentorship.
InvestorEmpowering founders and tech professionals through private market access.
The 3 most prominent of 72. Browse all investors
Accelerators 11
AcceleratorStartup Wise Guys is a global accelerator fund based in Tallinn, Estonia, focusing on early-stage B2B startups. It operates accelerator programs that…
AcceleratorFRTN Technologies is a startup incubation and acceleration program that assists aspiring entrepreneurs in transforming their ideas into viable…
AcceleratorAccelerating the future of gaming startups.
The 3 most prominent of 11. Browse all accelerators
Venture studios 11
Venture studioStrategic technology partner for innovative startups.
Venture studioLaunching technology ventures with expertise.
Venture studioSpecialized startup factory turning ideas into innovative products.
The 3 most prominent of 11. Browse all venture studios
Incubators 7
IncubatorInnovation hub for technology-intensive startups.
IncubatorSales and leadership career platform in Europe.
IncubatorAdvancing technology-based entrepreneurship in the Baltic States.
The 3 most prominent of 7. Browse all incubators
Pick what describes you
Your way in
Raising in Estonia
Investors based here, and the programs that take teams at your stage.
Get investor introsFinding startups in Estonia
Accelerators and incubators here see the earliest teams first.
Get startups that fitScouting in Estonia
Campuses and communities are where teams form before anyone funds them.
Start scoutingCity guides
Cities in Estonia
Questions about Estonia
How does Estonia rank as a startup ecosystem?
Its best position is #11 in StartupBlink Index (countries) (2025). It appears in 7 published rankings; the table above lists each one.
How many startup investors are based in Estonia?
72 investors based in Estonia have a profile here, including EIS | Enterprise Estonia, Estonian Business Angels Network (EstBAN) and Finance, Freedom, Fellows (fff.club). The real number is higher.
Are there accelerators or incubators in Estonia?
Yes. Estonia has 11 accelerators, 7 incubators and 11 venture studios on record, including Startup Wise Guys, Sparkup Tartu Science Park and Bamboo Group OÜ.
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