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

Outfunnel's logo

Outfunnel

Marketing /

outfunnel.com

Tallinn, Estonia

2018

€1m

Seed

6

11-50

Okredo's logo

Okredo

Legal, Enterprise Software /

okredo.com

Vilnius, Lithuania

2020

€1m

Seed

5

11-50

Kernolab's logo

Kernolab

Fintech /

kernolab.com

Vilnius, Lithuania

2019

€1m

Seed

5

11-50

Memby's logo

Memby

Education /

memby.org

Vilnius, Lithuania

2020

€1m

Seed

5

11-50

Drops's logo

Drops

Fintech / DeFi

drops.co

Vilnius, Lithuania

2021

€1m

Seed

5

2-10

Biomatter Design's logo

Biomatter Design

Synthetic biology / Protein design

biomatterdesigns.com

Vilnius, Lithuania

2018

€1m

Seed

3

1-50

Twino's logo

Twino

Fintech /

twino.eu

Riga, Latvia

2009

0

100-500

GoRamp's logo

GoRamp

Enterprise Software /

main.goramp.eu

Vilnius, Lithuania

2016

Glitter Finance's logo

Glitter Finance

Tallinn, Estonia

2021

Seed

Quppy's logo

Quppy

Fintech /

quppy.com

Tallinn, Estonia

2017

Series B

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