Estonian startup sector is stepping towards the end of 2022 strong as we are seeing growth at the end of III quarter of 2022 in terms of number of employees, employment taxes paid, investments raised and turnovers. As of the beginning of Nov 2022, Estonian Startup Database is home to 1448 startups.
More information about the latest developments in the Estonian startup sector can be found in the latest blog post HERE. Additionally, insights of sectoral developments are described under “Sectors” on the left.
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AdTech & Creative Tech
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Advanced Manufacturing & Industry
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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 1% of the total turnover generated by the startup sector in the end of III quarter of 2022. Compared to the II quarter of 2022, we can see a slight increase in employment taxes paid (14%) and a slight decrease in the number of employees in the sector (-3%) and a decrease in turnover (-17%).Startups in this sector
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Business software & HR
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CleanTech
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Communication
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Consumer products and services
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CyberTech
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SpaceTech
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EdTech
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FinTech
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Gaming
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Gaming sector startups turnover accounted for 3% of the total turnover generated by the startup sector in the end of III quarter of 2022. Compared to the II quarter of 2022, we can see an increase in employment taxes paid (30%) and a slight decrease in turnover (-7%) and in the number of employees in the sector (-3%).
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HealthTech, Life sciences & Wellness
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PropTech & Construction
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Transportation & Logistics
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