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Estonian business stories around the world

On the rise: Europe seeks Estonian startups

Tallinn has become one of Europe’s most hyped startup cities, and leading technology companies – like Merck – want to partner up with Estonia’s talents. This article is commercial content. Lately, Tallinn has become one of Europe’s most hyped startup cities. Crowds of technology talents and business angels are flooding …

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NGO ranks Estonia as one of the best countries to do business in Europe

The European Chamber, an independent non-governmental organisation, has ranked Estonia as the 12th best country in Europe to do business in. The report, titled the “Best European Countries for Business 2018”, rates 46 countries based on the average of two indicators: the DTF score of Doing Business report by the …

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Estonia has fifteen visa centres in China

Estonia’s visa centres in China help the Chinese citizens apply for a Schengen area visa. In addition to the existing facilities in Beijing and Shanghai, people can apply for an Estonian visa at VFS Global visa application centres in Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Jinan, Kunming, Nanjing, Shenyang, Shenzhen, Xi´an …

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€246 million invested in Estonian startups in the first half of 2018

During the first six months of 2018, €245.6 million has been invested in Estonian startups – just €26.5 million shy of the total investments of 2017. According to Startup Estonia, 15 investments in Estonian startups have taken place in the first half of the year, making the average investment size …

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A company founded by Finnish e-resident employs hundreds of food couriers in Estonia

The food delivery app, Wolt, has grown fast since the Finnish e-resident, Miki Kuusi, set up its Baltic HQ in Tallinn – becoming the largest e-resident-founded company in Estonia. Two years ago, Kuusi, a co-founder behind a number of Finnish startups and initiatives – including the largest annual tech and …

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Tallinn nosedives in the global financial centres index

The Estonian capital has fallen from the 44th position to 79th in the Global Financial Centres Index. Since 2007, Z/Yen Group, a London-based commercial think-tank, and the Shenzhen-based China Development Institute, have published the Global Financial Centres Index. It’s a study of the competitiveness of financial centres based on several assessments from an online …

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Estonian ID verification startup Veriff raises USD7.7 million in an investment round

The Estonian online identity verification startup, Veriff, has raised USD7.7 million in a series A investment round; the company plans to use the investment to further develop its product and to expand to the US market. The investment round, led by Mosaic Ventures, was joined by Taavet Hinrikus, Ashton Kutcher, …

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UK comparison website: Tallinn one of the top five locations to start a business

Tallinn, the capital of Estonia, is one of the top five locations for millennials to start a business, according to the data of a British comparison website. According to the data released by GoCompare, Tallinn has a reputation for being digitally savvy and it tops the leaderboard owing to a …

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Estonian startup Pipedrive raises USD50 million in a new investment round

The Estonian CRM and sales software startup, Pipedrive, has closed a USD50 million investment round, led by Insight Venture Partners and Bessemer Venture Partners, with additional participation from Rembrandt Venture Partners and Atomico. Insight Venture Partners is a new investor for Pipedrive; the other participants had already previously invested in …

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