In the first three quarters of 2024, Estonian startups raised €302.7M, a 52% increase from 2023, showcasing the ecosystem's growing appeal to investors.
By Q3 2024, the total turnover for Estonian startups hit €2701.3M, with Bolt leading at €983.7M, which highlights the profitability and scale of top companies.
Estonian startups employ over 14K people, with 45% of them working in the top 10 companies. This signifies a concentration of workforce in leading entities.
The startup sector's growth is illustrated by the fact that 49 new investment deals were made in 2024, with 25 valued over €1M.
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