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

Solarstone's logo

Solarstone

Solar panels /

solarstone.ee

Viljandi, Estonia

2016

€2m

Series A

0

11-50

MX Labs's logo

MX Labs

Health, Wellness Beauty / Assessment

mxlabs.ai

Tallinn, Estonia

2020

€2m

Seed

9

2-10

Advertisement
Cleveron's logo

Cleveron

Transport /

cleveron.eu

Viljandi, Estonia

2007

€2m

Convertible

0

51-200

Dexatel's logo

Dexatel

Enterprise Software /

dexatel.com

Tallinn, Estonia

2015

Raison app's logo

Raison app

Alternative assets /

raison.ai

Tallinn, Estonia

2017

€2m

Seed

10

11-50

Investly's logo

Investly

Fintech, Marketing /

investly.co

Tallinn, Estonia

2013

€2m

Seed

4

2-10

BaseTracK's logo

BaseTracK

Transportation /

basetrack.net

Tallinn, Estonia

2017

€2m

Seed

5

2-10

Bisly's logo

Bisly

Real Estate, Energy /

bisly.com

Tallinn, Estonia

2018

€2m

Seed

9

11-50

QANplatform's logo

QANplatform

Security /

qanplatform.com

Tallinn, Estonia

2019

€2m

ICO

8

11-50

Advertisement
Fyma's logo

Fyma

Security, Enterprise Software /

fyma.ai

Tallinn, Estonia

2017

€2m

Seed

8

11-50

pixevia's logo

pixevia

Enterprise Software /

pixevia.com

Vilnius, Lithuania

2013

€2m

Seed

5

11-50

Naco Technologies's logo

Naco Technologies

Energy /

naco.tech

Riga, Latvia

2020

€2m

Seed

8

2-10

99math's logo

99math

Gaming, Education /

99math.com

Estonia

2018

€1m

Seed

5

11-50

CENOS's logo

CENOS

Enterprise Software /

cenos-platform.com

Riga, Latvia

2017

€1m

Seed

5

11-50

Amberlo's logo

Amberlo

Legal ops & back office functions /

amberlo.io

Kaunas, Lithuania

2017

€1m

Seed

5

11-50

FOROS's logo

FOROS

Fintech /

foros.com

Vilnius, Lithuania

2018

€1m

Seed

6

11-50

Turing College
's logo

Turing College

Vilnius, Lithuania

2020

€1m

Seed

5

11-50

Longenesis's logo

Longenesis

Riga, Latvia

2017

€1m

5

11-50

HeavyFinance's logo

HeavyFinance

Fintech, Food /

heavyfinance.eu

Vilnius, Lithuania

2020

€1m

Seed

5

11-50

Cachet's logo

Cachet

Fintech / B2C insurance

cachet.me

Tallinn, Estonia

2018

€1m

Seed

6

11-50

Logos provided by Clearbit