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?

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

Jobbatical's logo

Jobbatical

Jobs Recruitment /

jobbatical.com

Tallinn, Estonia

2014

€9m

Series A

10

51-200

Grünfin's logo

Grünfin

Fintech /

grunfin.com

Tallinn, Estonia

2020

€2m

Seed

10

11-50

Binalyze's logo

Binalyze

Security /

binalyze.com

Tallinn, Estonia

2010

€9m

Seed

44

11-50

Sun Finance's logo

Sun Finance

Riga, Latvia

2012

Bootstrapped

0

500-1000

CityBee's logo

CityBee

Transportation /

citybee.lt/en

Vilnius, Lithuania

2012

€110m

Growth Equity VC

300

51-200

Fractory's logo

Fractory

Cloud manufacturing /

fractory.com

Estonia

2017

€9m

Series A

41

51-200

DappRadar's logo

DappRadar

Gaming, Fintech / DeFi

dappradar.com

Kaunas, Lithuania

2018

€8m

Series A

23

11-50

Brolis Sensor Technology's logo

Brolis Sensor Technology

Robotics, Semiconductors /

brolis-sensor.com

Lithuania

2015

€8m

Debt

38

2-10

Bondora's logo

Bondora

B2C investment platform /

bondora.com

Tallinn, Estonia

2007

€7m

Series A

23

51-200

Single.earth's logo

Single.earth

Fintech /

single.earth

Tallinn, Estonia

2019

€7m

Seed

36

51-200

Cyber Struggle's logo

Cyber Struggle

Security, Education /

cyberstruggle.org

Tallinn, Estonia

2016

€7m

Early VC

35

11-50

EstateGuru's logo

EstateGuru

Fintech, Real Estate /

estateguru.co

Tallinn, Estonia

2013

€7m

Series A

49

51-200

Aerones's logo

Aerones

Energy, Robotics /

aerones.com

Riga, Latvia

2015

€7m

Seed

7

51-200

Klaus's logo

Klaus

Marketing, Enterprise Software /

klausapp.com

Tallinn, Estonia

2018

€7m

Early VC

25

51-200

Affise's logo

Affise

Marketing /

affise.com

Vilnius, Lithuania

2015

€7m

Series A

33

51-200

Roofit.solar's logo

Roofit.solar

Real Estate, Energy /

roofit.solar/home

Tallinn, Estonia

2016

€6m

Series A

32

11-50

Universa Blockchain Platform's logo

Universa Blockchain Platform

Fintech, Enterprise Software /

universablockchain.com

Vilnius, Lithuania

2017

€6m

ICO

32

11-50

Minterest's logo

Minterest

Fintech /

minterest.com

Tallinn, Estonia

2020

€6m

ICO

30

11-50

Originalgames's logo

Originalgames

Tallinn, Estonia

2020

€5m

Seed

27

11-50

MyCointainer's logo

MyCointainer

Tallinn, Estonia

2018

€5m

Seed

27

11-50

Logos provided by Clearbit