Startup funding in Estonia
86 funding rounds for startups in Estonia were tracked in the last 24 months, raising about €702M in total. The largest was Sunly at €85.0M. Data to 2026-10-12.
86Rounds
€702MRaised
See these rounds on the map or search the full table.
Stages
Top sectors
Largest rounds
| Company | Amount | Stage | Date | Source |
|---|---|---|---|---|
| Sunly | €85.0M | Other | 2025-08-05 | link |
| Sunly | €62.0M | Debt | 2025-03-21 | link |
| Sunly | €60.0M | Other | 2024-12-09 | link |
| Milrem Robotics | €50.0M | Other | 2025-07-02 | link |
| Pactum | €47.2M | Series C | 2025-06-10 | link |
| Blackwall (formerly BotGuard) | €45.0M | Series B | 2025-03-13 | link |
| Starship Technologies | €42.8M | Other | 2025-10-17 | link |
| Eleport | €35.0M | Debt | 2026-01-22 | link |
| Skeleton Technologies | €33.0M | Other | 2026-05-07 | link |
| Frankenburg Technologies | €30.0M | Series A | 2026-02-24 | link |
Most active investors
- Specialist VC · 8 rounds
- SmartCap · 8 rounds
- 2C Ventures · 5 rounds
- Markus Villig · 4 rounds
- European Investment Bank (EIB) · 4 rounds
Latest rounds
| Date | Company | Amount | Stage | Source |
|---|---|---|---|---|
| 2026-10-08 | Golbriak | €4.0M | Seed | link |
| 2026-10-07 | Golbriak Space | €4.0M | Seed | link |
| 2026-09-28 | bilt.me | €615K | Pre-Seed | link |
| 2026-09-17 | Creem | €5.0M | Seed | link |
| 2026-09-08 | Creditstar | €4.6M | Other | link |
| 2026-09-01 | Instarc | €1.3M | Growth/Late | link |
| 2026-08-28 | ÄIO | €1.9M | Grant | link |
| 2026-08-17 | Investly | €863K | Seed | link |
| 2026-07-07 | Display.dev | €470K | Pre-Seed | link |
| 2026-06-29 | Vegvisir | n/d | Early VC | link |
| 2026-06-10 | Nanordica Medical | €1.6M | Other | link |
| 2026-05-07 | Skeleton Technologies | €33.0M | Other | link |
| 2026-04-30 | Spiral Hydrogen | €3.4M | Pre-Seed | link |
| 2026-04-07 | Handhold | €3.0M | Seed | link |
| 2026-04-01 | Pickmybrain | €1.8M | Pre-Seed | link |
| 2026-03-12 | SkySelect | €7.8M | Other | link |
| 2026-02-24 | Validfor | €1.0M | Other | link |
| 2026-02-24 | Frankenburg Technologies | €30.0M | Series A | link |
| 2026-01-22 | Eleport | €35.0M | Debt | link |
| 2026-01-22 | Soldera | €1.6M | Other | link |
| 2026-01-16 | Rollo Robotics | €3.7M | Pre-Seed | link |
| 2026-01-12 | Flashka | €1.0M | Pre-Seed | link |
| 2025-12-19 | AIO | €1.2M | Grant | link |
| 2025-12-16 | MyDello | €3.1M | Other | link |
| 2025-11-06 | Leil | €1.5M | Other | link |
Frequently asked questions
- How much funding did startups in Estonia raise in the last 24 months?
- Across 86 tracked rounds, startups in Estonia raised about €702M in total (amounts normalised to EUR). Data runs to 2026-10-12.
- What was the largest funding round for startups in Estonia?
- Sunly raised €85.0M on 2025-08-05.
- Which investors are most active in startups in Estonia?
- By number of tracked rounds: Specialist VC (8), SmartCap (8), 2C Ventures (5), Markus Villig (4), European Investment Bank (EIB) (4). Investor names are only available for rounds where the source disclosed them.
- Which sectors raise the most rounds for startups in Estonia?
- Software (22), Energy (13), Fintech (11), Cleantech (8), by number of rounds.
- Where does this data come from?
- Rounds come from the Tech.eu Funding Explorer (Europe, CC BY 4.0), startup news feeds read by an AI model, and SEC EDGAR Form D filings in the US. Europe has the deepest coverage, so totals for other regions are likely understated. Check the linked source before relying on any figure.