The Baltic startups and scaleups to watch in 2022

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]

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Vilnius, Lithuania

2012

Growth Equity VC

€110m

€110m

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Vilnius, Lithuania

2017

Series A

€65m

€77m

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Remote, Remote

2017

Series B

€50m

€56m

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Vilnius, Lithuania

2021

Seed

€31.8m

€31.8m

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Klaipėda, Lithuania

2014

Series A

€20.5m

€21.7m

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Kaunas, Lithuania

2018

Series A

€20.9m

€21.4m

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Tallinn, Estonia

2018

Series A

€15m

€19m

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Riga, Latvia

2014

Secondary

-

€15.2m

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Tallinn, Estonia

2018

Series A

€11m

€14m

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Tallinn, Estonia

2018

Series A

€9.3m

€13.7m

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Mārupe, Latvia

2014

Grant

€2.3m

€13.7m

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Tallinn, Estonia

2018

Early VC

€12.3m

€12.5m

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Riga, Latvia

2012

Series A

€5.5m

€12.3m

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Tallinn, Estonia

2020

Series A

€11.8m

€11.8m

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Harju maakond, Estonia

2015

Late VC

€3m

€10.9m

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Vilnius, Lithuania

2011

Series B

€8.6m

€10.9m

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Tallinn, Estonia

2014

Late VC

€7.4m

€10.4m

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Tartu, Estonia

2016

Series A

€6.7m

€9.8m

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Kaunas, Lithuania

2018

Series A

€7.3m

€9.8m

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Tallinn, Estonia

2014

Series A

€2.1m

€9.3m

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Tallinn, Estonia

2010

Seed

€8.7m

€8.7m

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Estonia

2017

Series A

€8.2m

€8.6m

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Kaunas, Lithuania

2018

Series A

€4.5m

€7.7m

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Lithuania

2015

Debt

€7.5m

€7.5m

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Tallinn, Estonia

2007

Series A

€4.5m

€7.3m

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Tallinn, Estonia

2019

Seed

€7m

€7.2m

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Tallinn, Estonia

2016

Early VC

€7m

€7m

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Tallinn, Estonia

2013

Series A

€4.6m

€6.9m

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Riga, Latvia

2015

Seed

€1.4m

€6.7m

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Tallinn, Estonia

2018

Early VC

€4.9m

€6.6m

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Vilnius, Lithuania

2015

Series A

€6.5m

€6.5m

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Tallinn, Estonia

2016

Series A

€6.4m

€6.4m

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Vilnius, Lithuania

2017

ICO

€25.4m

€6.4m

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Tallinn, Estonia

2020

ICO

€5m

€5.9m

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Tallinn, Estonia

2020

Seed

€5.5m

€5.5m

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Tallinn, Estonia

2018

Seed

€5.5m

€5.5m

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Vilnius, Lithuania

2016

Seed

€4.3m

€5.3m

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Tallinn, Estonia

2021

Seed

€5.2m

€5.2m

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Tallinn, Estonia

2016

Early VC

€5m

€5m

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Vilnius, Lithuania

2016

Debt

€120m

€5m

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Tallinn, Estonia

2020

Seed

€4.5m

€4.5m

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Lithuania

2017

Seed

€2.7m

€3.6m

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Riga, Latvia

2018

Seed

€3.5m

€3.5m

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Tallinn, Estonia

2019

Seed

€1.6m

€3.5m

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Tallinn, Estonia

2019

Seed

€2.5m

€3.4m

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Tallinn, Estonia

2014

Early VC

€3.2m

€3.2m

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Riga, Latvia

2016

Seed

€2.1m

€3.1m

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Tallinn, Estonia

2017

Seed

€2.9m

€2.9m

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Vilnius, Lithuania

2017

Seed

€320k

€2.9m

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Tallinn, Estonia

2017

Seed

€2.2m

€2.8m

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Tallinn, Estonia

2021

Seed

€2.7m

€2.7m

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Harju maakond, Estonia

2018

Seed

€2.7m

€2.7m

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Vilnius, Lithuania

2018

Seed

€2m

€2.5m

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Vilnius, Lithuania

2020

Seed

€1.2m

€2.5m

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Riga, Latvia

2019

Seed

€1.4m

€2.4m

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Vilnius, Lithuania

2012

Late VC

€1.2m

€2.4m

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Riga, Latvia

2017

Seed

€1.8m

€2.4m

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Viljandi, Estonia

2016

Series A

€1.8m

€2.3m

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Tallinn, Estonia

2020

Seed

€1.8m

€2.3m

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Viljandi, Estonia

2007

Convertible

€2.2m

€2.3m

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Tallinn, Estonia

2017

Seed

€820k

€2.1m

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Tallinn, Estonia

2020

Seed

€2m

€2m

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Tallinn, Estonia

2013

Seed

€810k

€1.9m

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Tallinn, Estonia

2017

Seed

€910k

€1.8m

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Tallinn, Estonia

2018

Seed

€1.7m

€1.7m

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Tallinn, Estonia

2019

ICO

€640k

€1.6m

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Tallinn, Estonia

2017

Seed

€1.6m

€1.6m

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Vilnius, Lithuania

2013

Seed

€950k

€1.6m

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Estonia

2018

Seed

€910k

€1.4m

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Riga, Latvia

2017

Seed

€1m

€1.3m

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Kaunas, Lithuania

2017

Seed

€1m

€1.3m

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Vilnius, Lithuania

2018

Seed

€1.2m

€1.3m

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Vilnius, Lithuania

2020

Seed

€950k

€1.2m

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Riga, Latvia

2017

-

-

€1.1m

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Vilnius, Lithuania

2020

Seed

€910k

€1.1m

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Tallinn, Estonia

2018

Seed

€1.1m

€1.1m

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Tallinn, Estonia

2018

Seed

€1.1m

€1.1m

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Vilnius, Lithuania

2020

Seed

€1m

€1m

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Vilnius, Lithuania

2019

Seed

€910k

€910k

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Vilnius, Lithuania

2020

Seed

€910k

€910k

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Vilnius, Lithuania

2021

Seed

€910k

€910k

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Vilnius, Lithuania

2018

Seed

€500k

€500k

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Riga, Latvia

2009

-

-

-

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Riga, Latvia

2012

Bootstrapped

-

-

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Vilnius, Lithuania

2016

-

-

-

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Vilnius , Lithuania

2014

-

-

-

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Tallinn, Estonia

2021

Seed

-

-

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Tallinn, Estonia

2015

-

-

-

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Tallinn, Estonia

2017

Series B

-

-