Estonia is a fertile ground for entrepreneurship, and these 10 startups are making waves in FoodTech, luring customers and investors alike.

For the fourth year in a row, Estonia takes first place in Emerging Europe’s ranking of investment promotion agencies, thanks to its innovative use of digital tools, AI and precise communication.

Estonia is a world leader in unicorns per capita. Here is a full list of 10 magnified unicorns born in Estonia or founded by Estonians.

Estonian startups rocketed 49% higher in revenue in 2022, marking a groundbreaking year and scoring a record-high €1,3B in new investments.

Estonian startups Bercman Technologies and 1oT joined their knowledge to modernize data transmission of smart infrastructure. Bercman’s IoT-based smart crosswalks, now with hassle-free and fast installable eSIM cards, are increasing traffic safety and supporting smart vehicles’ further use in city transportation.

There is no stopping the cleantech sector. The International Energy Agency (IEA) predicts that the global size of the sector will rise to $870 billion by 2030, surpassing the oil market’s value. Without a doubt, Estonia’s cleantech sector is playing a major role in this, partly thanks to Cleantech Estonia.

Kaarel Kotkas (27) is a prime example of a young entrepreneur who, regardless of great success, stands with two feet firmly on the ground. He founded Veriff as a 20-year-old and it has always seemed that he is genuinely trying to find a solution to a problem and is not in it just for the money.

197 FinTechs ranging from innovative startups like Salv to Blockchain leader Guardtime make Estonia a global centre of excellence for FinTech and a home already to three FinTech unicorns.

Hailed as the world’s first government startup, e-Residency has created a global community that’s reshaping our understanding of how nation states can, and should, improve their user experience. The possibilities, say two former managing directors, are endless.

The Republic of Estonia beat its own record for the time taken to set up a business virtually, demonstrating the ease by which entrepreneurs can benefit from the country’s pioneering e-Residency programme. The new world record is 15 minutes and 33 seconds.

This Estonian deep tech startup Single.Earth is disrupting climate action by investing in the forests the world has left, not making up for the ones that have already been destroyed. CEO and co-founder Merit Valdsalu explained at Unicorn59 how the nature-backed economy works.

With the most start-ups per capita in Europe, Estonia’s leaders are clearly on to something. Here’s what the Tartu University study found.

“To build a unicorn, you have to move to Estonia, the land of unicorns,” suggests Carlos Paniagua, the CTO and founder of Estonia’s freshest unicorn Glia.

“Estonia once again tops the charts,” states Atomico’s recent report, where Estonia is continuously leading Europe in terms of startups, unicorns and investments per capita.

10 unicorns founded by Estonians and / or in Estonia have taken the country to Europe’s (and probably the world’s – depending on the way of counting) top in the number of unicorns per capita. We explore how each unicorn that was born here or has Estonians among its founders, reached the billion-dollar valuation – and how Estonia’s e-society, agile business environment and supporting startup community influenced them on the way.

Estonia, a world leader in numbers of unicorn companies per capita, got its tenth unicorn Glia: the digital customer service provider raised $45M in Series D funding and exceeds $1B valuation.

In 2017, Nortal touched down on the western coast of the USA. Today, they can boast several Fortune500 companies among their clients. Just recently Nortal was awarded Exporter of the Year and the Company of the Year 2020 in Estonia.

How a group of friends started a successful bicycle company.

A great example on how government, citizens and businesses are fighting side-by-side to reduce the economic effects of the COVID-19 crisis.

Seedcamp has invested in over 250 companies. Many of their most successful investments have been into companies founded by Estonians.

It is true that if you can make it in New York, you can make it everywhere.

Startup Clanbeat raised a round of 1 million euros from the Japanese venture capital firm Mistletoe.

Rain Rannu’s startup comedy “Chasing Unicorns” has received positive reviews from all around the world.

The Estonian e-Residency programme has reached its first 5-year milestone.

Former COO and Chief Sales Officer of Starship Technologies talks about a powerful new generation of local startups.

The British business newspaper has picked four Estonian people and companies that lead Europe’s growth.

We need to think what will happen when the goals of humanity and superintelligence don’t match.

e-Residency –  the opportunity for anyone, anywhere to succeed as an entrepreneur