Skip to main content
invest in estonia

Chatbot

TBD-Biodiscovery to receive one of the biggest investments in the Estonian biotechnology sector

A 30 per cent share in the the human and veterinary drug development and production company TBD-Biodiscovery located in Tartu was acquired by the Dutch company SEAL Investment B.V. Further investment of € 4.5 million will be made within a few years.

The mayor of Tartu Urmas Klaas said in the City Council’s press release that he is happy that such an investment landed in Tartu, the second-largest city in Estonia internationally known mainly for its role as the education and science capital of Estonia. “Tartu is Estonia’s center for biotechnology and smart, science-based entrepeneurship has great opportunities for development in this university city,” Klaas said.

TBD-Biodiscovery has more than 40 highly qualified employees, a third of whom has a doctoral degree. 95 per cent of the company’s production and services is exported, main export markets being the Netherlands, Germany, Latvia, Israel and South Korea.

News & events

Need more information?

Need more information?

What is it like to run a business in Estonia? How to benefit from the e-solutions and the efficiency of our business culture? What are the opportunities in specific sectors? Who to partner up with?

The Estonian Investment Agency’s team is happy to help you via its complimentary e-Consulting service, organize online or offline follow-up events such as virtual investment visits and guide you through the fairly simple process of investing in Estonia.

request e-consulting