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In May, Estonia celebrated the end of lockdown with the world’s largest digital choir concert, showing both the joy of life and how digital mindset is widespread in our digital wonderland. Only a few days earlier the first ever Estonian Online Startup Demo Day brought together the crème de la crème of Estonian startups and investors from around the world to join their forces and turn the crisis into profit. Here is the latest business and investment news from Estonia.
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#1 May 14: Online Startup Demo Day

Estonia, called the New Nordic Silicon Valley, is the country with the highest number of unicorns per capita in the world. Our superpower? Startups. On the first ever Online Startup Demo Day on May 14 Invest Estonia introduced top Estonian startups to invest in and turn the crisis into profit.

#2 Online Startup Demo Day summarized: Estonia’s secret power lies in making impossible things possible

You just have to define an obstacle and Estonians are already looking for ways to solve it and if it can’t be solved – use it. From tiny to global, from lockdown to online solutions, from reality to virtuality – we are making impossible things possible.

On the Demo Day, Invest Estonia presented TOP 10 startups for the future, ready to conquer the world and profit their investors: Bolt, COMODULE, FoodDocs, Fractory, Pactum, Veriff, Visory, Viveo Health, Wolf3D and Xolo.

Altogether, about 3,500 people participated in the live event and the Demo Day’s recap was watched by more than 150,000 people in the different time zones all over the world.

#3 Online Startup Demo Day turns the crisis into profit: meet Veriff

Having been locked in homes and home offices for some time during the spread of the coronavirus, the importance of digital remote work and digital identification has grown to unprecedented heights. Estonian startup Veriff provides smart and scalable identity verification that allows to keep companies working online all over the world.

#4 Comodule launched the most durable e-scooter in micromobility

After conquering the world’s scooter market with internet connectivity for scooters, Estonia’s mobility startup COMODULE launched its own eco-friendly e-scooter rental service in Tallinn, using the world’s most durable e-scooters that it developed.

#5 Estonia’s unicorn Bolt raises €100M from Naya Capital

Bolt, the leading transportation platform of Europe, has closed an investment round of €100M as it continues to scale all of its product segments from ride-hailing to micromobility and food delivery in Europe and Africa.

#6 Even culture going digital: Estonia celebrated the end of the emergency situation with a concert of the world’s largest digital choir

On May 17th, the world’s largest virtual choir gathered at Tallinn Song Festival Grounds to celebrate the end of the emergency situation caused by the spread of COVID-19 in Estonia.

More than 2,500 singers sang Alo Matiisen’s “Isamaa ilu hoieldes”, one of the most important songs from Estonia’s Singing Revolution (the bloodless freedom fight from the Soviet Union) that is often sung at Estonia’s Song Festivals (large scale singing festivals often bringing together 1,000+ choirs). The virtual choir was made possible – at least in part – by the lack of air traffic during the emergency situation: 1,000 iPads that were used to create a virtual choir, were borrowed from the airplanes of Estonia’s national carrier Nordica.

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