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Skeleton Technologies becomes a unicorn with a Siemens-led investment
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A Siemens-led investment values Estonian Skeleton Technologies above $1B as it plans US manufacturing and more than $200M of scale-up and R&D.

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FIRSTPICK: 10 Estonian startups to watch in 2026
- News
Ten Estonian startups are on FIRSTPICK’s 2026 investor watchlist, as local companies raised €135M in the first half of the year.

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Silmet selected as an EU strategic raw-materials project
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Silmet has joined the EU’s strategic-project list, opening access to investment support as Estonia seeks alternatives to Russian raw materials.

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HEVI Optronics plans €20M second factory and Tartu R&D office
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HEVI Optronics plans a €20M second factory in Tabasalu, about 100 jobs and a Tartu development office as it brings sensor and optics production in-house.

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Government approves plan for a €150M explosives plant
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Piirsalu will host Estonia’s €150M RDX explosives plant, with production planned for 2028, about 75 jobs and more than €6M in state infrastructure investment.

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Estonia’s Golbriak Space raises €4M for laser communication systems
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Golbriak Space has raised €4M to expand production in Tallinn, supporting laser communication systems for satellites, drones and high-altitude platforms.

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Estonia ranks seventh among Europe’s friendliest countries
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Estonia ranks seventh in Condé Nast’s 2026 poll of Europe’s friendliest countries, following its first-place finish in 2025.

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Multimek Baltic opens €2.2M production facility in Kehra
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Multimek has completed a €2.2M office and production facility in Kehra, supporting growth, a new own product and more efficient metalworking.

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