Amount of investments received by Estonian startups increased 2.5 times
Estonian startups raised €148,9M in Q1 2024, which is almost 2,5 times more than in Q1 2023. In Q1 2023, Estonian startups raised €62M.
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Electric vehicle charging solution VOOL raises €300K
Tallinn-based electric vehicle charging solution VOOL has raised €300K from Estonian energy company Alexela .
Estonian Taavet+Sten backs natural ingredients developer for cosmetics and food applications Insempra
Taavet+Sten, the investment firm of Wise’s co-founder Taavet Hinrikus and Teleport’s co-founder Sten Tamkivi, has participated in Series A of German-based biotech startup Insempra . Existing investors Swedish EQT Ventures, Berlin-based BlueYard Capital, Munich-based Possible Ventures, and the US Acequia Capital participated in the round. New investors were the German corporate venture fund of international FMCG company Henkel, Henkel dx Ventures, German government-backed Bayern Kapital and the US Alante Capital.