Estonian developer of cancer diagnostic solutions Better Medicine raised €1M in a pre-seed round led by Soulmates Ventures , Specialist VC , UT VENTURES , and several angel investors.
In the first six months of 2025, e-residents and the companies they established contributed €68M to the Estonian state budget. This is twice as much as in the same period in 2024.
Estonian Trind Ventures participated in a €2M round for Spanish technology company Hamelyn . Other investors in the company included Inclimo Climate Tec h and business angels.
Estonian startup MuRayTech has raised capital in its first round of investment, led by venture capital fund Nordic Science Investments . Peaksjah from Estonia and a Swiss investor with experience at the European Organization for Nuclear Research (CERN) also participated in the investment.
Latvian biotech startup Cellbox Labs has raised €3.3M to further develop its product portfolio. Part of this funding comes from government support as part of the Tech4Cure project.