Business

Estonian business stories around the world

Estonian-founded startup aims to build a “pan-European” tax service

TaxScouts, a UK-based, Estonian-founded startup, has just closed a £5 million series A funding round; the company, until now operating in Britain, is launching its service in Spain and is planning to expand across Europe. TaxScouts, an online tax preparation platform, was founded in 2018 by Estonians Mart Abramov and …

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Skype cofounder Toivo Annus dies at the age of 48

The Estonian entrepreneur, Toivo Annus, one of the founding IT engineers behind the global telecommunication application, Skype, unexpectedly died on 12 July, his widow has announced. “I inform you with the utmost sadness that last weekend, on 12 July, our beloved husband, dad, entrepreneur and investor, Toivo Annus, succumbed to …

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A debt of gratitude – an Estonian company revolutionises graveyard maintenance

Gratitude Services set out to modernise an old sector, then became the biggest cemetery services provider in Estonia. This is a paid content. They say the simplest ideas are often the best and the idea behind Gratitude Services is simple – to bring customers and service providers together for graveyard …

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Estonian online identity verification startup raises USD15.5 million in financing round

The Estonian online identity verification startup, Veriff, has closed a financing round of USD15.5 million to bolster its global growth. Founded in 2015 by Kaarel Kotkas, Veriff’s technology makes sure a person is who they claim to be. Using artificial intelligence, the firm claims to analyse thousands of technological and …

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Estonian AI-based negotiation platform startup closes a USD3 million seed round

​Pactum​, an Estonian-founded AI-based platform that enables companies to automate personalised commercial negotiations, has announced the closing of a USD3 million seed financing round led by Berlin-based​ ​Project A​, a venture capital fund focused on innovative startups, with investments by ​DocuSign​ and other previous investors. “We’re happy to announce this …

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The e-residency programme has earned Estonia €31 million in tax revenues

Estonia’s e-residency programme has since its launch earned the state €41 million – €31 million of which is direct tax revenue, the team behind the state-owned initiative announced. Businesses founded by Estonia’s e-residents have earned the state close to €31 million in tax revenue since the programme’s launch in December …

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Estonian storyhacking platform launches with USD10 million funding

Estonian-founded storyhacking platform Whatifi has launched with USD10 million in funding, led by Andreessen Horowitz; the company is providing a new way to watch movies on one’s phone with one’s friends. “Whatifi unlocks the ability to discuss, debate and decide what happens next in the movies you watch with friends …

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