Funding, Failures & Exits of Estonian Tech Startups 2006-2022 #EstonianFounders & Land of Unicorns

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1	Estonian startups funding, exits and failures since 2006
2	Community based crowdsourced database - curated & access by martin@bolt.eu
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5		Year	Total raised capital (EUR )	Capital from Estonia (EUR)	Capital EE vs Foreign	No of Deals	Change YoY	Avg Deal Size		TOP30 Startups by Funding TOP30	HQ	EUR
6		2006	5,690,000	5,690,000	100.0%	5		1,138,000	1	Bolt.eu	EE	€1,772,970,000
7		2007	3,958,000	3,078,000	77.8%	4	-30.4%	989,500	2	Wise (IPO)	UK	€339,400,000
8		2008	7,304,831	4,804,831	65.8%	10	84.6%	730,483	3	Starship	US	€177,439,400
9		2009	4,315,000	3,565,000	82.6%	8	-40.9%	539,375	4	Zego.com	UK	€171,810,766
10		2010	18,530,601	4,290,601	23.2%	11	329.4%	1,684,600	5	Veriff.me	US	€167,640,000
11		2011	9,271,900	3,873,001	41.8%	22	-50.0%	421,450	6	SkeletonTech.com	EE	€147,900,000
12		2012	23,630,049	3,109,500	13.2%	30	154.9%	787,668	7	Glia.com	US	€129,654,844
13		2013	32,036,776	6,427,400	20.1%	46	35.6%	696,452	8	Monese.com	UK	€121,687,449
14		2014	69,202,033	6,239,000	9.0%	46	116.0%	1,504,392	9	Pipedrive.com (exit)	US	€70,031,000
15		2015	103,339,496	10,374,000	10.0%	39	49.3%	2,649,731	10	Eurora	EE	€40,206,000
16		2016	106,094,045	14,415,201	13.6%	48	2.7%	2,210,293	11	Realeyes.com	UK	€29,205,000
17		2017	288,811,760	4,652,850	1.6%	48	172.2%	6,016,912	12	Zeroturnaround.com (Exit)	US	€29,000,000
18		2018	325,111,481	12,877,200	4.0%	39	12.6%	8,336,192	13	NFTPort	EE	€24,800,000
19		2019	263,814,290	26,340,852	10.0%	72	-18.9%	3,664,087	14	AdCash.com	EE	€20,000,000
20		2020	464,281,968	31,160,923	6.71%	69	76.0%	6,728,724	15	Tuum (Modularbank)	EE	€20,000,000
21		2021	962,638,857	57,404,353	5.96%	95	107.3%	10,133,041	16	Scoro.com	UK	€19,884,815
22		2022	1,041,814,460	21,027,000	2.02%	42	8.2%	24,805,106	17	Planet42	EE	€17,500,000
23		Total	3,729,845,547	219,329,712	5.9%	634		5,883,037	18	Testlio	EE	€16,693,166
24									19	Funderbeam.com	UK	€16,784,723
25									20	Fits.me (Exit)	UK	€15,420,000
26		Estonia has 10 unicorns 🦄							21	RangeForce	US	€15,034,000
27		Unicorn with Estonian founder(s), headquarter or significant part of R&D based in Estonia.							22	Xolo.io	EE	€14,292,660
28			Company	Founded	Unicorn				23	Montonio	EE	€14,000,000
29		1	Skype.com	2003	2005				24	Katana MRP	EE	€13,725,000
30		2	Playtech.com	1999	2005				25	Lingvist.io	EE	€13,509,900
31		3	Wise.com	2010	2015				26	Wolf3D	EE	€13,123,000
32		4	Bolt	2013	2018				27	Clickandgrow.com	US	€13,027,780
33		5	Pipedrive.com	2010	2020				28	Ecofleet (Exit)	DK?	€13,000,000
34		6	Zego.com	2016	2021				29	Pactum	US?	€12,800,000
35		7	ID.me	2010	2021				30	GrabCAD (Exit)	US	€11,299,000
36		8	Gelato.com	2006	2021
37		9	Veriff	2015	2022					For dynamic version of this list, check "Top amount (pivot)" sheet
38		10	Glia	2012	2022
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41		Estonian startups & ecosystem:
42			startupestonia.ee/startups
43			Estonian Founders Society
44			InvestinEstonia.com/start
45			Active VCs in the Baltics
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47		Similar Funding data from countries:
48			🇱🇻 Latvia	https://goo.gl/hu4p90
49			🇱🇹 Lithuania	https://goo.gl/I9kbae
50			🇨🇿 Czechia	https://docs.google.com/spreadsheets/d/1a3WYqCNA3PnQ9Gx2UbSigO-jipNxR0BmaGkHCdwHYXg/edit?usp=sharing
51			🇸🇰 Slovakia	https://docs.google.com/spreadsheets/d/1RnKVFB0eMROboGXJQkBcRYt5flELmmN2PrKmQqmvS0c/edit?usp=sharing
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