BalticVC

2025 was a record year for the e-residency program. Last year, Estonia gained 13,828 new e-residents, which is 20% more than the previous year and the best result in the last six years. Most applications for e-residency came from Germany (1,122, up 49%), France (1,016, up 56%), and Ukraine (921, up 5%).

The Estonian government has launched a national program called Estonia.ai, which aims to introduce artificial intelligence into all sectors of the country by 2035. The advisory board overseeing the program will be headed by Bolt founder Markus Villig. The council will also include Estonian entrepreneurs Sten Tamkivi (Skaala), Kaspar Korjus (Pactum), and Taavi Madiberk (Skeleton), as well as international experts and industry representatives. The first meeting of the Advisory Board will take place in April 2026, after which it will meet every quarter.

Estonian company Scoro has acquired Envoice , an Estonian invoice and expense management platform. Envoice will continue to operate as an independent company and brand.

Estonian company Soldera has received €1.6M as part of an EIS applied research grant. The startup is using the funds to expand the company and further develop its product.

The Estonian Specialist VC has invested in the Finnish technology company Agileday . The €6.4M Series A round was led by Newion with the participation of Vendep Capital and Business Finland.

The Estonian Siena Secondary Fund participated in the $150M Series D investment round of the Preply language learning platform. The round was led by WestCap with the support of Indico Capital Partners, the European Bank for Reconstruction and Development (EBRD) and Reach Capital.

Venture capital firm Plural , founded by Estonian entrepreneurs Sten Tamkivi and Taavet Hinrikus, plans to create a new investment fund, which may amount to €1B. 

Estonian Yolo Investments made an exit from its portfolio company CoinMENA . The company was acquired by Türkiye’s leading digital asset platform Paribu . 

Estonian Yolo Investments has invested in the American crypto company Meld . The $7M funding round was led by Lightspeed Faction. Other investors include F-Prime, and Scytale Digital.

Estonian AI startup Flashka has raised €1M in pre-seed round led by Outlast Fund with the participation of UCP and Vento Ventures .

Estonian startup Rollo Robotics , developing an autonomous monowheel security robot, has raised €3.7M in pre-seed round to further mature its gyroscopic stabilisation technology. The investment round was led by Berlin-based FoodLabs and venture capital firm Prototype, with support from Enterprise Estonia ’s RUP programme.

Estonian SmartCap has invested €25M in Taaleri SolarWind III Fund , managed by Taaleri Energia. The funds were taken from SmartCap Green Fund.

  Tallinn-based Verge Motorcycles unveiled the world's first motorcycle with an all-solid-state battery at the Consumer Electronics Show (CES) in Las Vegas. This is a new variant of their TS Pro naked roadster featuring a world-first solid-state battery that is said to be able to give 180 miles of riding range in just 10 minutes.

Estonian home robot manufacturer Schbot Robotics has entered the US market. According to company CEO Maarius Tiits, the first Schbot devices are already on their way to New York.

The American company Netflix has acquired the Estonian platform Ready Player Me , specializing in the creation of digital avatars for games and virtual worlds. The financial terms of the deal were not disclosed, but it is known that the Ready Player Me team, numbering about 20 employees, will completely transfer to the Netflix Games division.

The Estonian startup Cara Health , which provides support to women during pregnancy and the postpartum period, has announced its rebranding and renaming to Suun. The company plans to enter the UK market in the near future.

Estonian Trind Ventures has participated in a €5M round for the Finnish Bahn Express automotive logistics platform. The round was led by node.vc and supported by the existing investor Innovestor and the angel investors including Vincent Ho-Tin-Noé (CPO, Wolt), Tuomo Riekki (Co-Founder, Smartly, Zero) and Jiri Heinonen (Co-Founder, Swappie).

Estonian logistics startup MyDello has raised €3.1M from Icelandic Frumtak Ventures and Finnish Superhero Capital . Frumtak Ventures General Partner Andri Heiðar Kristinsson and Jevgeni Kabanov, President of Bolt, joined the Board of Directors of MyDello.

Estonian SmartCap has invested €3M in Finnish fund Nordic Science Investments I ( NSI ), which specializes in advanced technologies, healthcare technologies, and biomedical sciences.

Estonian venture capital fund Superangel participated in a $1.6M pre-seed round for dual-use technology company Sky Spy . Other investors include Expeditions Fund, Freedom Fund, Sunfish Partners, Crosscourt Ventures, and Material Ventures.