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 rankings@sifted.eu
For in-depth early-stage analysis of all sectors and ecosystems, check out our Pro briefings.
Vilnius, Lithuania
2012
Growth Equity VC
€110m
€110m
Vilnius, Lithuania
2017
Series A
€65m
€77m
Remote, Remote
2017
Series B
€50m
€56m
Vilnius, Lithuania
2021
Seed
€31.8m
€31.8m
Klaipėda, Lithuania
2014
Series A
€20.5m
€21.7m
Kaunas, Lithuania
2018
Series A
€20.9m
€21.4m
Tallinn, Estonia
2018
Series A
€15m
€19m
Riga, Latvia
2014
Secondary
-
€15.2m
Tallinn, Estonia
2018
Series A
€11m
€14m
Tallinn, Estonia
2018
Series A
€9.3m
€13.7m
Mārupe, Latvia
2014
Grant
€2.3m
€13.7m
Tallinn, Estonia
2018
Early VC
€12.3m
€12.5m
Riga, Latvia
2012
Series A
€5.5m
€12.3m
Tallinn, Estonia
2020
Series A
€11.8m
€11.8m
Harju maakond, Estonia
2015
Late VC
€3m
€10.9m
Vilnius, Lithuania
2011
Series B
€8.6m
€10.9m
Tallinn, Estonia
2014
Late VC
€7.4m
€10.4m
Tartu, Estonia
2016
Series A
€6.7m
€9.8m
Kaunas, Lithuania
2018
Series A
€7.3m
€9.8m
Tallinn, Estonia
2014
Series A
€2.1m
€9.3m
Tallinn, Estonia
2010
Seed
€8.7m
€8.7m
Estonia
2017
Series A
€8.2m
€8.6m
Kaunas, Lithuania
2018
Series A
€4.5m
€7.7m
Lithuania
2015
Debt
€7.5m
€7.5m
Tallinn, Estonia
2007
Series A
€4.5m
€7.3m
Tallinn, Estonia
2019
Seed
€7m
€7.2m
Tallinn, Estonia
2016
Early VC
€7m
€7m
Tallinn, Estonia
2013
Series A
€4.6m
€6.9m
Riga, Latvia
2015
Seed
€1.4m
€6.7m
Tallinn, Estonia
2018
Early VC
€4.9m
€6.6m
Vilnius, Lithuania
2015
Series A
€6.5m
€6.5m
Tallinn, Estonia
2016
Series A
€6.4m
€6.4m
Vilnius, Lithuania
2017
ICO
€25.4m
€6.4m
Tallinn, Estonia
2020
ICO
€5m
€5.9m
Tallinn, Estonia
2020
Seed
€5.5m
€5.5m
Tallinn, Estonia
2018
Seed
€5.5m
€5.5m
Vilnius, Lithuania
2016
Seed
€4.3m
€5.3m
Tallinn, Estonia
2021
Seed
€5.2m
€5.2m
Tallinn, Estonia
2016
Early VC
€5m
€5m
Vilnius, Lithuania
2016
Debt
€120m
€5m
Tallinn, Estonia
2020
Seed
€4.5m
€4.5m
Lithuania
2017
Seed
€2.7m
€3.6m
Riga, Latvia
2018
Seed
€3.5m
€3.5m
Tallinn, Estonia
2019
Seed
€1.6m
€3.5m
Tallinn, Estonia
2019
Seed
€2.5m
€3.4m
Tallinn, Estonia
2014
Early VC
€3.2m
€3.2m
Riga, Latvia
2016
Seed
€2.1m
€3.1m
Tallinn, Estonia
2017
Seed
€2.9m
€2.9m
Vilnius, Lithuania
2017
Seed
€320k
€2.9m
Tallinn, Estonia
2017
Seed
€2.2m
€2.8m
Tallinn, Estonia
2021
Seed
€2.7m
€2.7m
Harju maakond, Estonia
2018
Seed
€2.7m
€2.7m
Vilnius, Lithuania
2018
Seed
€2m
€2.5m
Vilnius, Lithuania
2020
Seed
€1.2m
€2.5m
Riga, Latvia
2019
Seed
€1.4m
€2.4m
Vilnius, Lithuania
2012
Late VC
€1.2m
€2.4m
Riga, Latvia
2017
Seed
€1.8m
€2.4m
Viljandi, Estonia
2016
Series A
€1.8m
€2.3m
Tallinn, Estonia
2020
Seed
€1.8m
€2.3m
Viljandi, Estonia
2007
Convertible
€2.2m
€2.3m
Tallinn, Estonia
2017
Seed
€820k
€2.1m
Tallinn, Estonia
2020
Seed
€2m
€2m
Tallinn, Estonia
2013
Seed
€810k
€1.9m
Tallinn, Estonia
2017
Seed
€910k
€1.8m
Tallinn, Estonia
2018
Seed
€1.7m
€1.7m
Tallinn, Estonia
2019
ICO
€640k
€1.6m
Tallinn, Estonia
2017
Seed
€1.6m
€1.6m
Vilnius, Lithuania
2013
Seed
€950k
€1.6m
Estonia
2018
Seed
€910k
€1.4m
Riga, Latvia
2017
Seed
€1m
€1.3m
Kaunas, Lithuania
2017
Seed
€1m
€1.3m
Vilnius, Lithuania
2018
Seed
€1.2m
€1.3m
Vilnius, Lithuania
2020
Seed
€950k
€1.2m
Riga, Latvia
2017
-
-
€1.1m
Vilnius, Lithuania
2020
Seed
€910k
€1.1m
Tallinn, Estonia
2018
Seed
€1.1m
€1.1m
Tallinn, Estonia
2018
Seed
€1.1m
€1.1m
Vilnius, Lithuania
2020
Seed
€1m
€1m
Vilnius, Lithuania
2019
Seed
€910k
€910k
Vilnius, Lithuania
2020
Seed
€910k
€910k
Vilnius, Lithuania
2021
Seed
€910k
€910k
Vilnius, Lithuania
2018
Seed
€500k
€500k
Riga, Latvia
2009
-
-
-
Riga, Latvia
2012
Bootstrapped
-
-
Vilnius, Lithuania
2016
-
-
-
Vilnius , Lithuania
2014
-
-
-
Tallinn, Estonia
2021
Seed
-
-
Tallinn, Estonia
2015
-
-
-
Tallinn, Estonia
2017
Series B
-
-