Business

Estonian business stories around the world

Estonian-founded Pipedrive in Forbes Cloud 100 list

The Estonian-founded company, Pipedrive, is listed 77th in the Forbes magazine’s Cloud 100 list – what the magazine calls “tech’s hottest category”. “Tech’s hottest category is transforming how we communicate, collaborate at work and protect our identities in the digital age. For the fourth consecutive year, the Forbes Cloud 100, …

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Pan-Baltic accelerator Startup Wise Guys awarded at the CEE X-Tech Awards

The Estonian-founded accelerator, Startup Wise Guys, was named the “Top VC fund of the year” in Central and Eastern Europe at the CEE X-Tech Awards in Warsaw, Poland. Startup Wise Guys was founded in Estonia in 2012 by successful tech entrepreneurs. In 2016, the accelerator expanded to Latvia and in …

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Chasing Unicorns: A hilarious new movie about Estonian entrepreneurs taking on the world

Estonia’s startup community is already famous around the world, not least for producing four “unicorn” startups valued at more than USD1 billion; now, though, Estonia’s startup community has finally made it to the big screen. “Chasing Unicorns” (“Ükssarvik” in Estonian) is a hilarious new movie told from the perspective of …

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A new Estonian startup launches an AI tool for commercial negotiations

A new Estonian startup, Pactum, has launched an artificial intelligence tool for commercial negotiations – namely, a system that helps companies autonomously offer personalised, commercial negotiations. According to the company, referencing research by KPMG, inefficient contracting has been estimated to cause firms to lose between 17% to 40% of the …

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The Baltic private equity and VC market reaches €3 billion

According to the Baltic Venture Capital Association, the private equity and venture capital market in Estonia, Latvia and Lithuania has grown sevenfold during the last five years, reaching €3 billion in 2019. “In 2013, the total volume of private equity and venture capital market in the Baltics amounted to €385 …

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Major footwear chain Deichmann opens its first store in Estonia

The major footwear chain, Deichmann, on 22 August opened its first store in Estonia, at the Nautica shopping centre in the Estonian capital, Tallinn. Deichmann, a German footwear chain that the newspaper Handelsblatt in 2017 called the largest shoe vendor in Europe, said in a statement that it had been …

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Sweat it like Beckham: EstonianSaunas.co.uk helps more Brits build Estonian saunas

An Estonian-founded British company has partnered with HUUM, Estonia’s leading sauna stove maker, to deliver sauna design and technology in the UK. This article is sponsored by EstonianSaunas.co.uk Hygge, lagom, friluftsliv, päntsdrunk. Over the past few years, a series of Nordic words such as these have crossed the North Sea and entered the …

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CNN claims Tallinn to be one of the 15 best cities for beer in the world

The American news network, CNN, claims the Estonian capital, Tallinn, to be one of the 15 best cities for beer in the world. It’s not exactly clear, how many breweries CNN visited in Tallinn or elsewhere in Estonia, but in its review, it lists two breweries – one in Tallinn, …

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A sisterhood without borders: an Estonian leadership programme on its way to being worldwide

Superheroes is a growth-mindset-driven entrepreneurship programme for girls aged 13-17 – it gives young girls the opportunity to make their entrepreneurial dreams a reality through creating different startups in teams of five; Estonian World found out more about this new formula. What do you do nowadays when you want to …

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