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Estonia is the first country in the world to offer an ‘e-Residency‘ to people of any nationality. If you become an e-resident, you get a governmentally issued digital identity like other Estonians, that you can use to set up your own company in Estonia — completely remotely.
I bet you didn’t know that Estonia has the third highest amount of startups per capita than any other country in the world. What makes the “Made in Estonia” brand of tech startup so lucrative? What makes the “Made in Estonia” brand of tech startup so lucrative?
I happen to be from Estonia, a small, but fiercely proud country near the Baltic Sea, one with a burgeoning startup scene that’s full of driven, intelligent and hungry entrepreneurs. In Estonia, people who set out to build a great business can’t expect to be greeted with encouragement and support from the broader community.
In recent years we’ve been continually impressed with the small Baltic country of Estonia, which has been a frontrunner in many areas within digital solutions and tech innovation, such as e-residency, digital policies, and national cryptocurrencies.
It’s hard to get the exact data on how many startup acceleration programs are being launched every year, but it’s definitely a lot. If you search Google News for something like “new startup accelerator,” it will return hundreds of headlines from all over the world.
Meet Montonio , an e-commerce checkout solution created by a small startup based in Tallinn, Estonia. Montonio currently supports all major banks in Estonia, Latvia, Lithuania and a few major banks in Finland. And it seems to be doing well in Estonia as around half of online shoppers have interacted with Montonio already.
“At Sequoia, we believe in the global potential for technology and entrepreneurship and have been inspired by Bolt’s growth from Tallinn, Estonia to over 400 cities and 100 million customers across Europe and Africa. ”
Launched in Estonia in March this year and currently expanding to Poland, Rendin operates a long-term rental platform that promises to smooth out the process between landlords and tenants. Rendin , an Estonian proptech startup that wants to improve the home rental experience, including offering a no-deposit feature, has raised €1.2
Founded in Estonia and now headquartered in New York, the company has taken a majority investment from U.S. “Pipedrive is now Europe and Estonia’s newest SaaS unicorn,” says Zennström. Pipedrive , the sales CRM tool for small and medium-sized businesses, is the latest European company to reach unicorn status.
Outvio , an Estonian startup that provides a white-label SaaS fulfillment solution for medium-sized and large online retailers in Spain and Estonia, has closed a $3 million early-stage financing round led by Change Ventures. Also participating were TMT Investments (London), Fresco Capital (San Francisco) and Lemonade Stand (Tallinn).
Samsung says the app was granted a CE marking in December, which means that it complies with applicable regulations in Europe and can be offered in the European Economic Area.
The investment highlights once again the strength of the Baltics region as a tech ecosystem, after Lithuania produced its first Unicorn in the shape of Vinted , and Estonia added Pipedrive to its unicorns list. With the increased shift to digital entertainment during the pandemic, the startup has managed to garner much more U.S.
Now, customers in Bulgaria, Croatia, Cyprus, Estonia, Greece, Latvia, Malta, Romania, Slovakia and Slovenia will be able to become Revolut Bank customers. In Lithuania for instance, you can apply for a credit card with a credit limit that’s twice the value of your monthly salary (up to €6,000). You can pay back over one to 60 months.
Woola opened a production facility in Estonia and launched its first product in December 2020. These wool-based packages can be reused, repurposed, or returned by the end user, with the ultimate goal of making the solution “closed-loop” so nothing goes to waste. Wool envelopes were the first products to hit the market.
Woola (Estonia), Papkot (France), Biotic (Israel), FunCell (France) and Traceless (Germany). Luckily there is no shortage of sustainable packaging startups in Europe. Just take a look: Circleback (Germany), Recup (Germany), Sourceful (U.K.), one • five (Germany), Shellworks (U.K.),
The European Commission says the geo-blocking was to prevent games being activated outside Czechia, Poland, Hungary, Romania, Slovakia, Estonia, Latvia and Lithuania. This broke the EU’s Digital Single Market rules which prohibit those types of barriers.
Estonia-based Membo — which is backed by Y Combinator and will be presenting at the incubator’s Summer 2021 Demo Day next week — is aiming to take a slice of the premium end of grocery shopping in Europe and a bite out of supermarket giants’ continued dominance of the traditional weekly food shop. .
One effort, by Estonia and the World Health Organization, began developing a digital COVID-19 vaccine certificate in October. Similar efforts are modeling themselves on existing vaccine documents already required by some countries for entry. These document vaccinations for diseases like yellow fever or polio.)
The startup was founded in Estonia and has 21 employees, with no “head office” as such, with the team spread across Estonia, U.S., But it has had some notable accolades, including getting named app of the year by Google in 2018. Kahoot picks up $215M from SoftBank for its user-generated, gamified e-learning platform.
Companies launching such products must undergo a review called a Data Processing Impact Assessment (DPIA) under the European Union’s GDPR protections, and Facebook reportedly informed regulators too late of its plans, raising concerns about data privacy compliance.
In coordination with allies and partners, like Germany and Estonia, we will continue to disrupt these networks.”. “Our actions send a message today to criminals that you cannot hide on the darknet or their forums, and you cannot hide in Russia or anywhere else in the world,” Secretary of Treasury Janet L. Yellen said. “In billion (~$1.35
Based in Tallinn, Estonia, Warren’s self-service distributed cloud platform is gaining traction in Southeast Asia, one of the world’s fastest-growing cloud service markets, and Europe. It recently closed a $1.4 million seed round led by Passion Capital, with plans to expand in South America, where it recently launched in Brazil.
The Estonia-based startup’s “special sauce” is using AI-powered video to verify identifies. They were joined by existing investors IVP and Accel, bringing Veriff’s total funding to date to $200 million. The new funding means the company is now valued at $1.5
Startups in this class come from far and away, including Argentina, Austria, Australia, Brazil, Croatia, Denmark, India, Japan, Italy, Latvia & Estonia, Spain, and Taiwan. Not bad considering that founding partner Dave McClure has been adamant about supporting non-US startups and recently acquired the Mexican.VC
As Ben Rooney of the Wall Street Journal reminded us in a recent article , Skype originated with some engineers in Estonia. Often we forget that some of the greatest innovations began outside the United States. But not all are destined to be acquired for billions by eBay, Facebook, Amazon or Microsoft.
The company — co-headquartered in New York and Tallinn, Estonia — has now raised more than $150 million overall, it said. Insight and Wildcat are previous backers, including in Glia’s $78 million Series C round in January 2021.
Both founders are immigrants, with Kotov hailing from Russia and Herbert from Estonia. . […] Being an immigrant and not coming from a rich family […] all of a sudden I got access to a bunch of people that I previously had no access to,” he said. 4 lessons I learned about getting into Y Combinator (after 13 applications).
The New York Times confirmed this policy applies to people using the service from Ukraine, Russia, Poland, Latvia, Lithuania, Estonia, Slovakia, Hungary, and Romania. We still won’t allow credible calls for violence against Russian civilians.”.
Lightyear’s expansion includes the following markets: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain. And less than a year after first launching to early U.K.
Founded out of Tallinn, Estonia, in 2017, Katana is an ERP for the manufacturing sector, with prebuilt integrations for many of the most common tools that a manufacturer might use, including e-commerce platforms (e.g., Shopify and WooCommerce), accounting (e.g., QuickBooks and Xero), shipping, forecasting, CRM, and more.
The company has since launched Bird Platform in countries like Switzerland and Estonia, cheering investors who hope it will lower Bird’s labor and capital expenses. The program, which is called Bird Platform, has led some operators to fall into deep debt, OneZero reported last year.
Now, in a spot of perfect timing, a startup out of Talinn, Estonia, called Ready Player Me — which has built a popular platform for creating dynamic, animated avatars to use across virtual worlds built and operated by others — is announcing $56 million in funding to grow its business.
from Estonia, where I’m originally from. Extra Crunch members receive access to weekly “Dear Sophie” columns; use promo code ALCORN to purchase a one- or two-year subscription for 50% off. Dear Sophie, My fiancé and I got engaged early this year. We’re planning a wedding for later in the year when my family can travel to the U.S.
18 European countries have already signed a non-binding pledge saying that they plan to contribute to this EIF’s fund of funds — Austria, Bulgaria, Denmark, Estonia, Finland, France, Germany, Greece, Italy, Latvia, Lithuania, Luxembourg, the Netherlands, Portugal, Romania, Slovenia, Spain and Sweden. More countries should join the list soon.
Bolt , an Uber competitor that is building an international on-demand network of services to transport people, food and other items in cars, scooters and bikes across Europe and Africa, has picked up some strategic funding today to continue expanding its business in emerging markets.
Dan Michaeli, the co-founder and CEO who is based out of New York (the company has a substantial operation in Estonia too), said it will be used to continue developing its technology and expanding to address inbound interest for its services after seeing its revenues grow by 150% in 2020.
Launched in a number of Nordics markets, and on the verge of opening properties in London, the startup seems to be weathering the pandemic, reaching occupancy rates as high as 90% at its existing properties in Estonia and Finland. 10 proptech investors see better era for residential and retail after pandemic.
Parliamentarians from the UK, Latvia, Lithuania, and Estonia had all arranged video calls with a hoaxer claiming to be Leonid Volkov, chief of staff to imprisoned Russian anti-Putin politician Alexei Navalny. Last week, numerous news outlets reported that a string of European politicians had been tricked by a sophisticated Russian plot.
Kreindler also says it’s not just about individuals and that Certific has worked with academics in Estonia, North America and in the U.K. And the challenge comes where you are doing point of care testing in an environment where there actually is some incentive or a big disadvantage [to testing positive]”.
Facetime : While Mark Zuckerberg is promising better metaverse avatars, Estonia-based Ready Player Me is delivering. Then get your tickets and book your flights — it’s gonna be awesome. See you there! Christine and Haje. The TechCrunch Top 3.
Estonia-based Ampler was formed back in 2014 by three friends: a professional motocross racer, an engineer, and a bike designer. “It is our passion to create electric bikes that serve the urban commuters — bikes that are exciting, long-lasting, safe and built responsibly.
Spain, France, Germany and Estonia. . “Papaya will make it far easier for companies to source EVs, and manage them — this will accelerate the transition from combustion engine fleets to EV fleets.” ” Papaya is already live in five markets, including the U.K.
The company has since launched Bird Platform in countries like Switzerland and Estonia, cheering investors who hope it will lower Bird’s labor and capital expenses. The program, which is called Bird Platform, has led some operators to fall into deep debt, OneZero reported last year.
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