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Estonia is the place to be when it comes to early-stage investments, and the route is open for anyone with e-Residency, a novel entrepreneurial solution that opens access to the local ecosystem and regulations. Yet another startup has added proof to the e-Residency program’s success story. Estonia-based Co-one completed a €1M pre-series A investment round led by Ak Portföy.
Existing investors Maxis Innovative Venture Capital, DOMiNO Ventures, TechOne Venture Capital, and Leap Investments also participated in the round with a follow-on investment.
Co-one’s Agentic Suite and Data OS platforms enable enterprises in e-commerce and banking to develop validated AI agents on their unstructured data. With this funding, we are accelerating our growth journey and expanding into Turkiye, the MENA, and Western Europe.
Co-founders Arman Kayhan and Mert Menekşe say that Co-one’s primary mission is to deliver AI agents that truly work in real-world scenarios. To date, Co-one has supported the reliable and continuous operation of over 100 AI products across more than 50 organisations. Building on this momentum, Co-one continues to invest in data and AI infrastructure R&D, focusing on expanding its e-commerce-focused product suite. Co-one is committed to delivering a robust, long-term infrastructure free from hallucinations and bias, empowering institutions without the risk of vendor lock-in.
The company is now plotting its next move, upping revenue numbers before the upcoming Series A fundraising, with its core vision — “We make AI real-world ready.”
The AI boom has not left Estonia behind: the country is leading the charge, putting technologies from OpenAI and Anthropic in the classrooms, as well as funding AI startups. It also increasingly powers world-famous e-gov services. “Almost everything is online, and we have already more than 120 examples of uses of AI in public services,” explained Estonia’s Prime Minister Kristen Michal recently. “They are predictive, personalised and proactive.”
