\The Baltic startups and scaleups to watch in 2022

\The Baltic startups and scaleups to watch in 2022

The Baltics is one of Europe's most exciting startup regions. So who should be on your watchlist?

MEMBER

A mere decade ago, the Baltic startup scene was just in its infancy.

Since then, the region has consistently punched above its weight, creating global success stories, including mobility startup Bolt, secondhand marketplace Vinted, print-on-demand service Printful, and Skype. Call it the land of unicorns.

Sifted compiled a list of the startups to keep an eye on across the three countries, a mix of new entries and some more familiar names boasting significant growth since their last feature. The list excludes startups that have relocated outside the region.

If there is anyone missing from this list, please let us know by email at [email protected]

Key

Year founded

Amount raised

Last funding round

Valuation

Employees

Tuum's logo

Tuum

Tallinn, Estonia

2019

€19m

Series A

75

51-200

Lokalise's logo

Lokalise

Enterprise Software /

lokalise.com

Riga, Latvia

2016

€51m

Series B

227

201-500

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Interactio's logo

Interactio

Event Tech, Enterprise Software /

interactio.io

Klaipėda, Lithuania

2014

€22m

Series A

103

51-200

Katana's logo

Katana

Fintech, Enterprise Software /

katanamrp.com

Tallinn, Estonia

2017

€22m

Series A

50

51-200

PVcase's logo

PVcase

Energy /

pvcase.com

Kaunas, Lithuania

2018

€21m

Series A

105

51-200

Mintos's logo

Mintos

Fintech /

mintos.com

Riga, Latvia

2014

€15m

Secondary

68

51-200

Montonio's logo

Montonio

Fintech /

montonio.com

Tallinn, Estonia

2018

€14m

Series A

55

11-50

Kilo Health's logo

Kilo Health

Health /

kilo.health

Vilnius, Lithuania

2014

LightSpace Technologies's logo

LightSpace Technologies

Gaming, Health /

lightspace3d.com

Mārupe, Latvia

2014

€14m

Grant

9

11-50

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Envoy Group's logo

Envoy Group

Fintech /

envoydefi.com

Tallinn, Estonia

2018

€12m

Early VC

61

2-10

Kevin's logo

Kevin

Fintech /

kevin.eu

Vilnius, Lithuania

2017

€12m

Seed

45

51-200

Zenith Chain's logo

Zenith Chain

Vilnius, Lithuania

2021

€32m

Seed

159

2-10

Sonarworks's logo

Sonarworks

Riga, Latvia

2012

€12m

Series A

27

51-200

Ready Player Me's logo

Ready Player Me

Tallinn, Estonia

2020

€12m

Series A

59

11-50

Xolo's logo

Xolo

Fintech, Enterprise Software /

xolo.io

Harju maakond, Estonia

2015

€11m

Late VC

30

51-200

CGTrader's logo

CGTrader

Media, Enterprise Software /

cgtrader.com

Vilnius, Lithuania

2011

€11m

Series B

43

201-500

Ampler Bikes's logo

Ampler Bikes

Energy, Transportation /

amplerbikes.com

Tallinn, Estonia

2014

€10m

Late VC

37

51-200

EAgronom's logo

EAgronom

Tartu, Estonia

2016

€10m

Series A

34

51-200

Qoorio (Humansapp)'s logo

Qoorio (Humansapp)

Media, Education /

humansapp.com

Vilnius, Lithuania

2018

€3m

Seed

10

11-50

Eneba's logo

Eneba

Gaming /

eneba.com

Kaunas, Lithuania

2018

€10m

Series A

36

51-200

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