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Top investment news from Estonia

Estonia isn’t just a digital state, it is a rally country too. September 2020 was the month when Estonian rally star Ott Tänak took a home win on the WRC rally that was held in Estonia for the first time ever. In other business areas, everything goes as expected, as well: smart money is flowing into Estonia, new technologies are being developed and savvy solutions funded.

Estonia’s WRC debut features the world’s best drivers and driverless vehicles

Estonia joined the list of 33 countries honoured with the chance to host a WRC stage. In addition to the world’s quickest drivers, Rally Estonia featured self-driving vehicles designed and built in Estonia.

Good location, government support and brilliant people make Estonia a perfect place for Toyota WRC Rally Team

In 2018, Toyota Gazoo Racing WRT rally team moved a significant part of its operations to Peetri, an area situated a few kilometres South of Estonia’s capital Tallinn. According to leaders of the rally team, they have no regrets as the team’s operations are now at a really good logistical location, the people hired are doing their job brilliantly and state support can be felt as well.

Smart money is flowing into Estonia again

Estonian startup investor of the year Gerri Kodres says that investors have quickly recovered from the initial corona-virus shock and smart money from investors is finding its way to Estonia again: the majority of the capital from the 30 fund raising campaigns in the first six months was received in the second quarter, during the pandemic.

Estonia’s EyeVi Technologies is developing an in-car road mapping tool for self-driving cars

EyeVi Technologies is developing the in-car mapping technology that automatically creates accurate 3D maps for self-driving cars as well as detects road markings and surface defects. The EyeVi team also participated in Rally Estonia. They weren’t there to compete with Ott Tänak, but to apply their mobile mapping system (MMS) to record the venue.

 

Estonian FinTech startup Cachet raises €1.1 million to expand to new markets

The Estonian-founded FinTech startup Cachet, that enables better-priced and personalised insurance payments for ride-hailing drivers of Uber, Bolt and Yandex.Taxi, closes €1.1M seed round to expand to the Nordics, Poland and the UK.

Wish to invest in Estonia where tech unicorns and rally champions are born? Our quick and free e-Consulting service is here to help.

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