Ecosystem
Estonia
€32.8MCapital tracked
11Disclosed rounds
14Funds deploying
12Startups tracked
Estonia, in numbers
Sesamers round tracker · disclosed rounds only · EUR-converted
Capital by sector
Capital by sector, share of capital tracked. Donut chart, 5 slices. €32.8M Tracked. Unclassified 53% (54%), Fintech 19% (19%), Climate 12% (12%), SaaS 9% (9%), Other 6% (6%).
- Unclassified53%
- Fintech19%
- Climate12%
- SaaS9%
- Other6%
Source: Sesamers round tracker
Capital by quarter
Capital by quarter. Bar chart, 4 bars. Highest: Q1 26, €7.2M. Lowest: Q2 26, €4.8M. Highlighted: Q4 26. Values: Q1 26 €7.2M, Q2 26 €4.8M, Q3 26 €6.9M, Q4 26 €6.9M.
Source: Sesamers round tracker
Rounds by stage
Share of rounds by stage. Bar chart, 2 rows. Pre-seed 22%, Seed 78%.
Source: Sesamers round tracker
n = 9 rounds
Startups in Estonia
From the directory
Who invests here
Funds with a verified round in this hub · most active first
PC
Practica Capital
Led 1 of 1 round tracked in Estonia. Early-stage VC fund focusing on Baltic founders, investing at seed and selected…
Ticket undisclosed
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PhotonVentures
Seed–Series A · Semiconductors
Led 1 of 1 round tracked in Estonia. PhotonVentures is a Dutch fund based in Hilversum that invests in photonics…
Ticket undisclosed
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JOIN Capital
Series A
Led 1 of 1 round tracked in Estonia. Join Capital invests early in European deeptech and dual-use companies, across defence…
Ticket undisclosed
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Programs in Estonia
Open calls first
Latitude59 Pitch Competition 2027
Competition
EUR 400,000+ investor pool · Investment terms set by participating funds
Upcoming
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sTARTUp Day – sTARTUp Pitching 2026
Competition
Prize pool worth over EUR 500,000, including an EstBAN-led syndicate investment of up to EUR 200,000, up to EUR 200,000 deep tech investment from BSV, EUR 10,000 equity-free cash from Swedbank, legal support and cloud credits; the TOP30 get pitch training and the top five pitch on the main stage · None for the cash and service prizes; the EstBAN and BSV awards are investments negotiated with the startup
Upcoming
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T2
TechTrack 2025
Competition
No cash; incubation and trips · none
Dates not announced
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