Business

Estonian business stories around the world

Travel site: Tallinn is the best place for remote working in 2021

Big 7 Travel, a Hong Kong-based global travel site, listed “50 best places for remote working in 2021”, crowning the Estonian capital, Tallinn, in the top spot. “It’s no surprise that the world of remote workers and digital nomads is growing at a rapid rate. With more and more yearning …

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“Chasing Unicorns”, an Estonian startup comedy, now available worldwide

“Chasing Unicorns”, directed by Estonian startup entrepreneur Rain Rannu – the founder of Fortumo – is now available to watch on Amazon Prime and other online platforms around the world. The semi-satirical story, “Chasing Unicorns” (“Ükssarvik” in Estonian), is told from the perspective of Õie, a young woman from rural …

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A new virtual marketplace connects Estonian service providers to e-residents

A new virtual e-residency marketplace helps Estonia’s e-residents connect with and find cooperation partners among Estonian service providers. Over 75,000 Estonian e-residents have already established over 15,000 Estonian companies; about one in five e-residents creates an Estonian business. The renewed virtual e-residency marketplace offers e-residents a convenient way to find …

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An online publication names Tallinn the 12th biggest startup hub in Europe

EU-Startups.com, an online publication focussing on startups in Europe, has named the Estonian capital, Tallinn, the 12th biggest startup hub in Europe. The website says it has published an annual ranking of Europe’s biggest startup hubs since 2011, and in the rankings of 2020, Tallinn is listed on the 12th …

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Estonian-founded Pipedrive sells majority to an investment firm, becomes a unicorn

The Estonian-founded sales CRM company, Pipedrive, has received a majority investment from Vista Equity Partners, a global investment firm; with the investment, the company is now valued over $1 billion, thus becoming a unicorn. The new majority investor in Pipedrive, Vista Equity Partners, is an investment firm that focusses on …

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Estonian-founded ultracapacitor producer Skeleton raises €41.3 million in an equity round

Estonian-founded ultracapacitor producer Skeleton Technologies completed a €41.3 million financing round; all existing investors participated in the equity raise and were joined by European entrepreneurs and international investors. This series D financing brings Skeleton’s total funding to over €93 million since its inception. “It builds on a strong year for …

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A Brazilian-founded Estonian startup chosen as one of the best companies at a large investment event

A Brazilian-founded Estonian startup, OriginalMy, that operates in the field of governance and cybersecurity was chosen as one of the best companies at the Annual Investment Meeting, one of the leading investment events in the world, held from 20-22 October in Dubai, the United Arab Emirates. The startup was awarded …

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An Estonian crowdfunding platform launches a blockchain-based secondary market

Fundwise, an Estonian equity-based crowdfunding platform, has launched of a blockchain-based secondary market, in collaboration with the security token issuance and settlement platform, Ignium. “Through the partnership, investments in Fundwise will be tokenised through Ignium’s security token issuance and settlement platform. Investors from around the globe can then invest in …

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The Estonian Foreign Investors’ Council warns against destroying Estonia’s current attractiveness

At the end of September, the Estonian Ministry of Economic Affairs and Communications submitted a draft Communications Network Act for public approval – a draft which, in the opinion of the Estonian Foreign Investors Council, does substantial harm to the local investment environment. Heikki Mäki, the chairman of the management …

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