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

Ovoko's logo

Ovoko

Transportation, Enterprise Software /

ovokogroup.com

Vilnius, Lithuania

2016

€5m

Seed

21

51-200

Primex Finance's logo

Primex Finance

Tallinn, Estonia

2021

€5m

Seed

26

11-50

CybExer Technologies's logo

CybExer Technologies

Security /

cybexer.com

Tallinn, Estonia

2016

€5m

Early VC

25

11-50

SME Finance's logo

SME Finance

Fintech /

smefinance.eu

Vilnius, Lithuania

2016

€5m

Debt

100

51-200

Wert's logo

Wert

Fintech /

wert.io

Tallinn, Estonia

2020

€5m

Seed

23

11-50

Genus AI's logo

Genus AI

Marketing, Enterprise Software /

genus.ai

Lithuania

2017

€4m

Seed

14

11-50

F3's logo

F3

Media /

f3.cool

Riga, Latvia

2018

€4m

Seed

18

11-50

Salv's logo

Salv

Security, Fintech /

salv.com

Tallinn, Estonia

2019

€3m

Seed

9

51-200

Woola's logo

Woola

Fashion, Energy /

woola.io

Tallinn, Estonia

2019

€3m

Seed

13

2-10

Natufia Labs's logo

Natufia Labs

Food, Home Living /

natufia.com

Tallinn, Estonia

2014

€3m

Early VC

16

11-50

Nordigen's logo

Nordigen

Fintech /

nordigen.com

Riga, Latvia

2016

€3m

Seed

11

51-200

Crypterium's logo

Crypterium

Tallinn, Estonia

2017

€3m

Seed

85

51-200

ZITICITY's logo

ZITICITY

Transportation /

ziticity.com

Vilnius, Lithuania

2017

€3m

Seed

11

11-50

FoodDocs's logo

FoodDocs

Legal, Food /

fooddocs.eu

Tallinn, Estonia

2017

€3m

Seed

11

11-50

Aurelia's logo

Aurelia

Fintech /

aurelia.com

Tartu, Estonia

2021

€3m

Seed

14

2-10

Eurora Solutions's logo

Eurora Solutions

Harju maakond, Estonia

2018

€3m

Seed

14

51-200

Fleming's logo

Fleming

Health /

fleming.app

Vilnius, Lithuania

2020

€3m

Seed

7

2-10

Jeff's logo

Jeff

Fintech /

jeff-app.com

Riga, Latvia

2019

€2m

Seed

7

11-50

Integrated Optics's logo

Integrated Optics

Semiconductors /

integratedoptics.com

Vilnius, Lithuania

2012

€2m

Late VC

6

11-50

Fixar's logo

Fixar

Robotics /

fixar.pro

Riga, Latvia

2017

€2m

Seed

9

11-50

Logos provided by Clearbit