Despite
the hectic times, we are still seeing growth in the Estonian startup sector
during the I quarter of 2022 in terms of number of employees, employment taxes
paid, investments raised and turnovers. As of
the end of April 2022, Estonian Startup Database is home to 1363 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.
Startups in this sector
Stats updated
Employees
Turnover
€
AdTech & Creative Tech
Sector developments
AdTech & Creative Tech sector turnover accounted for 4% of the total turnover generated by the startup sector in the I quarter of 2022. Compared to the last quarter of 2021, we can see an increase in employment taxes paid (23%) and a slight decrease in turnover (-4%). The number of employees in the sector remained at the same level as they were at the end of 2021.Startups in this sector
Stats updated
Employees
Turnover
€
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 2022. Compared to the last quarter of 2022, we can see an increase in turnover (27%) and in employment taxes paid (23%) and the number of employees in the sector (18%).Startups in this sector
Stats updated
Employees
Turnover
€
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 I quarter of 2022. Compared to the last quarter of 2022, we can see an increase in employment taxes paid (25%) and number of employees in the sector (11%). Turnover has also increased a lot (405%), but this figure is heavily affected by Click & Grow reaching maturity status in the last quarter of 2021. From that point on, data from this company is no longer reflected in statistics and they are added into Matured and Exits section in the database.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 2022. Compared to the last quarter of 2022, we can see an increase in generated turnover (18%) and a slight increase in employment taxes paid (10%) and number of employees in the sector (8%). One company (OpenNode) became matured. From that point on, data from this company is no longer reflected in statistics and they are added into Matured and Exits section in the database.Startups in this sector
Stats updated
Employees
Turnover
€
CleanTech
Sector developments
CleanTech startups turnover accounted for 3% of the total turnover generated by the startup sector in the I quarter of 2022. Compared to the last quarter of 2021, we can see an increase in turnover (44%) and in employment taxes paid (28%) and a slight increase in the number of employees in the sector (8%).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 2022. Compared to the last quarter of 2021, we can see an increase in turnover (15%) and a slight increase in employment taxes paid (11%) and in the number of employees in the sector (7%).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 2022. Compared to the last quarter of 2021, we can see an increase in turnover (31%), employment taxes paid (27%) and in the number of employees in the sector (19%). One company (TapTapSoft) became matured. From that point on, data from this company is no longer reflected in statistics and they are added into Matured and Exits section in the database.Startups in this sector
Stats updated
Employees
Turnover
€
CyberTech
Sector developments
CyberTech startups turnover accounted for 7% of the total turnover generated by the startup sector in the I quarter of 2022. Compared to the last quarter of 2021, we can see an increase in employment taxes paid (17%) and a slight increase in the number of employees in the sector (12%) and in turnover (7%).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 0,4% of the total turnover generated by the startup sector in the I quarter of 2022. Compared to the last quarter of 2021, we can see an increase in employment taxes paid (27%) and greater increase in turnover (82%) and a slight increase in the number of employees in the sector (3%).Startups in this sector
Stats updated
Employees
Turnover
€
EdTech
Sector developments
EdTech sector startups turnover accounted for 1% of the total turnover generated by the startup sector in the I quarter of 2022. Compared to the last quarter of 2021, we can see a decrease in employment taxes paid (-21%) and in turnover (-36%) and in the number of employees in the sector (-19%). These figures are also affected by DreamApply not reflected in the statistics anymore as they became matured in the first quarter of 2022. From that point on, data from this company is no longer reflected in statistics and they are added into Matured and Exits section in the database.Startups in this sector
Stats updated
Employees
Turnover
€
FinTech
Sector developments
FinTech sector startups turnover accounted for 11% of the total turnover generated by the startup sector in the I quarter of 2022. Compared to the last quarter of 2021, we can see an increase in turnover (15%) and a slight increase in employment taxes paid (8%) and number of employees in the sector (8%). One company (EveryPay) made an exit and one company (sliptree) became matured. From that point on, data from these companies is no longer reflected in statistics and they are added into 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 2022.Startups in this sector
Stats updated
Employees
Turnover
€
Gaming
Sector developments
Gaming sector startups turnover accounted for 3% of the total turnover generated by the startup sector in the I quarter of 2022. Compared to the last quarter of 2021, we can see an increase in turnover (64%) and in employment taxes paid (18%) and in the number of employees in the sector (14%)
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 2022. Compared to the last quarter of 2021, we can see a very slight increase in employment taxes paid (1%) and slight decrease in turnover (-6%) and very slight decrease in the number of employees in the sector (-2%). Two companies (Unified Strike and LabToWellness) became matured. From that point on, data from these companies is no longer reflected in statistics and they are added into Matured and Exits section in the database.Startups in this sector
Stats updated
Employees
Turnover
€
PropTech & Construction
Sector developments
PropTech & Construction startups turnover accounted for 0,3% of the total turnover generated by the startup sector in the I quarter of 2022. Compared to the last quarter of 2021, we can see an increase in employment taxes paid (29%) and a slight increase in turnover (8%) and in the number of employees in the sector (9%).Startups in this sector
Stats updated
Employees
Turnover
€
Transportation & Logistics
Sector developments
Transportation & Logistics sector turnover accounted for 48% of the total turnover generated by the startup sector in the I quarter of 2022. Compared to the last quarter of 2021, we can see an increase in employment taxes paid (15%) and number of employees in the sector (10%) and a decrease in turnover (-27%). 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 2022.Startups in this sector
Stats updated
Employees
Turnover
€