News & events

Future оf IT report by Emerging Europe recognizes Estonia as the most competitive for IT businesses, praising its efforts in nurturing the business environment, regulations, and implementation of online services

Estonian startup Gelatex has invented technology for producing cultured meat without harming animals and opened a Series A round to raise €15M to start pilot production of nanofiber meat.

HSBC, the largest bank in Europe and a Fortune 500 company invests 35 million dollars in Estonian FinTech startup Monese to support its move into the banking-as-a-service business.

Starting last week, all residents of the city of Viljandi who buy a domestic appliance from Euronics electronics store can order its delivery to their doorstep with Clevon’s self-driving delivery robot – for the first time in Estonia. Last week, the delivery robot delivered its first package to Aage Õunap, a Viljandi resident who was recently awarded the title of Estonia’s Mother of the Year and who is the current president of the Estonian Association of Large Families.

Unique furcellarans produced in Estonia can be found in the zefir (a type of soft confectionery), produced by Laima, the best-known sweets and chocolates brand in Latvia, the marmalade under Estonia’s sweets brand Eesti Kalev – and more and more in the products of the cosmetics industry.

The international business accelerator Creative Destruction Lab (CDL) launched at the University of Tartu brings together research-intensive startups from across Europe to develop products and services related to digital governance, health data and cybersecurity, supported by the best expertise of local mentors. Almost 50 startups have applied to join CDL-Estonia, which was officially launched at sTARTUp Day at the end of August.

Mindvalley, the world’s top EdTech platform with 20 million followers and a turnover of $100M, is leading the European markets from its gorgeous new headquarters in Tallinn, Estonia.

The Estonian startup sector continues to grow in full swing. For the first time, investments in Estonian startups have exceeded the 1 billion euros benchmark. The turnover of Estonian startups has increased by 68%. The sector employs nearly 10,000 people and has paid 83 million euros in employment taxes to the state, Startup Estonia’s recent analysis shows.