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What it’s like to found a startup in Estonia

The Next Web

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.

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Bolt raises $709M at an $8.4B valuation to expand its transportation and food delivery super app

TechCrunch

It will be using the funds to continue expanding to new geographies and to bring more consumers and partners to its “super app”; and newer business lines, such as its 15-minute grocery delivery option Bolt Market, will be building out ‘dark stores’ in more cities to expand the service beyond the 10 where its active today.

Estonia 141
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Montonio is building the payment and checkout solution to rule them all

TechCrunch

Meet Montonio , an e-commerce checkout solution created by a small startup based in Tallinn, Estonia. Montonio is a multi-faceted product that has been specifically designed for its home market and its neighbor countries — but the startup thinks it could work all around Europe. That’s much cheaper than card payments.

Estonia 98
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White-label SaaS shipping startup Outvio closes $3M round led by Change Ventures

TechCrunch

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).

Estonia 104
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Sales CRM Pipedrive takes majority investment from Vista Equity Partners to reach unicorn status

TechCrunch

Founded in Estonia and now headquartered in New York, the company has taken a majority investment from U.S. When we entered the market in 2010, people asked us, ‘Why build a product in an area where Salesforce is already strong?’ “Pipedrive is now Europe and Estonia’s newest SaaS unicorn,” says Zennström.

Estonia 112
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IFC backs Bolt with $24M to expand its transportation network in emerging markets

TechCrunch

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.

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Revolut lets customers switch to Revolut Bank in 10 additional countries

TechCrunch

Now, customers in Bulgaria, Croatia, Cyprus, Estonia, Greece, Latvia, Malta, Romania, Slovakia and Slovenia will be able to become Revolut Bank customers. You can expect new credit products in the 10 new markets. its home country and its biggest market. The company also offers personal loans between €1,000 and €15,000.

Lithuania 103