More information about the latest developments in the Estonian startup sector can be found in the latest blog post HERE. Additionally, insights into sectoral developments are described under “Sectors” on the left.
Startups in this sector
Stats updated
Employees
Turnover
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AdTech & Creative Tech
Sector developments
AdTech & Creative Tech sector turnover accounted for 2% of the total turnover generated by the startup sector in the I quarter of 2023. Compared to the last quarter of 2022, we can see a slight decrease in turnover (-10%) and in employment taxes paid (-11%) and decrease in the number of employees in the sector (-18%). Three companies (ViisTek Media OU, Marketing Sharks and shoproller) became matured. From that point on, data from these companies is no longer reflected in statistics and they are added into the Matured and Exits section in the database. Please note, comparisons with 2022 are also affected by Adcash reaching maturity status in the third quarter of 2022.Startups in this sector
Stats updated
Employees
Turnover
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Advanced Manufacturing & Industry
Sector developments
Advanced Manufacturing & Industry turnover accounted for 2% of the total turnover generated by the startup sector in the I quarter of 2023. Compared to the last quarter of 2022, we can see an increase in the number of employees in the sector (21%), in employment taxes paid (19%) and in turnover (16%).
Startups in this sector
Stats updated
Employees
Turnover
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AgTech & FoodTech
hunting, animal husbandry, food and beverage fields, horticulture, and aquaculture with the aim of improving yield, efficiency, and profitability through information monitoring and analysis of relevant indicators such as weather, pests, and soil and air temperature. Also, scientifically-driven farm practices, equipment or processing including bio-engineered, transgenic crops, proprietary breeding, GPS, water management and improved equipment, conservation-based best management practices, food manufacturing and related advancements. Food technologies consists any technology applied to the production, selling (including supply chain and distribution), or serving food and beverage.
Sector developments
AgTech & FoodTech startups turnover accounted for 0,3% of the total turnover generated by the startup sector in the I quarter of 2023. Compared to the last quarter of 2022, we can see a slight increase in employment taxes paid (4%) and a slight decrease in the number of employees in the sector (-14%) and decrease in turnover (-22%).Startups in this sector
Stats updated
Employees
Turnover
€
Business software & HR
Sector developments
Business software & HR sector turnover accounted for 9% of the total turnover generated by the startup sector in the I quarter of 2023. Compared to the last quarter of 2022, we can see an increase in generated turnover (21%) and slight increase in employment taxes paid (8%) and a slight decrease in the number of employees in the sector (-4%). One company (zazler) became matured. From that point on, data from this company is no longer reflected in statistics and they are added into the Matured and Exits section in the database.Startups in this sector
Stats updated
Employees
Turnover
€
CleanTech
Sector developments
CleanTech startups turnover accounted for 2% of the total turnover generated by the startup sector in the I quarter of 2023. Compared to the last quarter of 2022, we can see a decrease in turnover (-25%) and slight decrease in employment taxes paid (-5%) and a slight increase in the number of employees in the sector (1%). One company (Airpatrol) became matured. From that point on, data from this company is no longer reflected in statistics and they are added into the Matured and Exits section in the database.Startups in this sector
Stats updated
Employees
Turnover
€
Communication
Sector developments
Communication startups turnover accounted for 3% of the total turnover generated by the startup sector in the I quarter of 2023. Compared to the last quarter of 2022, we can see a slight increase in employment taxes paid (5%) and a slight decrease in turnover (-2%). The number of employees in the sector remained at the same level as they were at the end of 2022. One company (Snackable) made an exit and one company (Warren) became matured. From that point on, data from this company is no longer reflected in statistics and they are added into the Matured and Exits section in the database.Startups in this sector
Stats updated
Employees
Turnover
€
Consumer products and services
Sector developments
Consumer Products & Services startups turnover accounted for 6% of the total turnover generated by the startup sector in the I quarter of 2023. Compared to the last quarter of 2022, we can see a greater increase in turnover (75%) and a slight decrease in employment taxes paid (-3%) and in the number of employees in the sector (-3%).Startups in this sector
Stats updated
Employees
Turnover
€
CyberTech
Sector developments
CyberTech startups turnover accounted for 8% of the total turnover generated by the startup sector in the I quarter of 2023. Compared to the last quarter of 2022, we can see a slight increase in turnover (13%) and a slight decrease in employment taxes paid (-2%) and in the number of employees in the sector (-12%).Startups in this sector
Stats updated
Employees
Turnover
€
SpaceTech
Sector developments
It is important to note that previously the sector was called DeepTech & SpaceTech, but from the second quarter of 2021, we have decided to change the sector name, as DeepTech is a horizontal sector. So we have moved all the DeepTech startups into different sectors based on their main activity field. SpaceTech startups turnover accounted for 0,9% of the total turnover generated by the startup sector in the I quarter of 2023. Compared to the last quarter of 2022, we can see an increase in turnover (48%) and in employment taxes paid (21%) and in the number of employees in the sector (18%).Startups in this sector
Stats updated
Employees
Turnover
€
EdTech
Sector developments
EdTech sector startups turnover accounted for 0,6% of the total turnover generated by the startup sector in the I quarter of 2023. Compared to the last quarter of 2022, we can see a slight increase in turnover (10%) and in employment taxes paid (8%) and in the number of employees in the sector (2%). Startups in this sector
Stats updated
Employees
Turnover
€
FinTech
Sector developments
FinTech sector startups turnover accounted for 8% of the total turnover generated by the startup sector in the I quarter of 2023. Compared to the last quarter of 2022, we can see a slight increase in employment taxes paid (3%) and number of employees in the sector (1%) and a slight decrease in turnover (-9%). One company (Ignium) made an exit. From that point on, data from this company is no longer reflected in statistics and they are added into the Matured and Exits section in the database. FinTech sector is the biggest contributor in employee count and employment taxes paid during the I quarter of 2023.Startups in this sector
Stats updated
Employees
Turnover
€
Gaming
Sector developments
Gaming sector startups turnover accounted for 2% of the total turnover generated by the startup sector in the I quarter of 2023. Compared to the last quarter of 2022, we can see an increase in employment taxes paid (18%) and in turnover (16%) and a slight increase in the number of employees in the sector (10%).Startups in this sector
Stats updated
Employees
Turnover
€
HealthTech, Life sciences & Wellness
Sector developments
HealthTech, Life Sciences & Wellness startups turnover accounted for 1% of the total turnover generated by the startup sector in the I quarter of 2023. Compared to the last quarter of 2022, we can see a slight decrease in employment taxes paid (-8%) and in the number of employees in the sector (-10%) and decrease in turnover (-16%).Startups in this sector
Stats updated
Employees
Turnover
€
PropTech & Construction
Sector developments
PropTech & Construction startups turnover accounted for 0,2% of the total turnover generated by the startup sector in the I quarter of 2023. Compared to the last quarter of 2022, we can see a slight increase in employment taxes paid (10%) and in the number of employees in the sector (7%) and a very slight increase in turnover (2%).Startups in this sector
Stats updated
Employees
Turnover
€
Transportation & Logistics
Sector developments
Transportation & Logistics sector turnover accounted for 56% of the total turnover generated by the startup sector in the I quarter of 2023. Compared to the last quarter of 2022, we can see a slight increase in employment taxes paid (3%) and number of employees in the sector (3%) and in turnover (3%). One company (Autolevi) made an exit. From that point on, data from this company is no longer reflected in statistics and they are added into the Matured and Exits section in the database. Transportation & Logistics sector is the biggest contributor in turnover and second biggest in the employee count and employment taxes paid during the I quarter of 2023.Startups in this sector
Stats updated
Employees
Turnover
€