“Estonian startup sector or ecosystem has continuously grown 30% for quite some years now, contributing more significantly to our economy,” Villig notes. “Estonian Startup Database supports that the startups joined with the database are visible to potential investors, clients, cooperation partners and the community,” he adds.
The previous counting in August 2019 showed the number of 650 startups in Estonia. The impressive growth in the number of Estonian startups is partly due to the natural rapid increase of local startups, but it also reflects improved data collection and productive partnership with Startup Includer to discover more startups, Startup Estonia announced.
Estonian Startup Database is the most extensive public source for information on Estonian startups, powered by Startup Estonia. The database gives an overview of Estonian startups by ranking and filtering them by sectors, technology, stage, employee count, turnover, etc. You can also create custom reports of specific sectors.
As a potential investor, you can get a full overview of Estonian startups. It is possible to rank the startups by different stats: employee count, employment taxes paid, and turnover created. There is an opportunity to play around in the database and filter the startups by specific sectors, technologies used, different business models and stages of the startup. The database allows to create custom reports and download them. Want to have a list of Estonian CleanTech startups? Done! Fintechs using Machine Learning as their technology and are in MVP/Seed Stage? No problem. The possibilities are endless.
Startup Estonia’s website gets around 15,000 monthly visits, with the database being the most popular landing page. In addition, Startup Estonia, as the central organization for Estonian startup ecosystem, is using the database as a reference tool across the world. By joining, startups have the option of getting up to date offers for their specific industry.
What makes it unique?
To create the database, the Startup Estonia development team reviewed all the solutions on the market and found that none of them were sufficient to meet the needs. They needed a database that would easily subtract a wide range of data from national Estonian Tax and Customs Board and would be the basis of obtaining data from e-Business Register and Statistics Estonia. So, they created one of their one to monitor the whole startup sector.
The Estonian startup database is constantly being updated, it is a continuous cooperation project between startups and government agencies. Startups can update their profiles on a regular basis, new startups can make themselves known, and financial results from other databases are updated quarterly.
Estonian startups are technology-based businesses registered in Estonia, not older than 10 years, have a goal to develop and launch an innovative and repeatable business model with global growth potential.
While the average number of startups in Europe is 5 per 100,000 people, Estonia ranks 15 times higher than the European average, taking the third place in Europe.
Interested in investing in Estonian startups? Click here for free e-Consulting.