Tallinn’s popularity among entrepreneurs and startup enthusiasts is mostly due to its recognition as one of the most attractive European cities for digital nomads – thanks to its Digital Nomad visa and cheaper living costs, eligible location-independent workers are allowed to live and legally work in the country. Moreover, the Estonian capital is home to a strong startup community with plenty of coworking hubs, a high-quality talent pool, and support from organizations like Startup Estonia. This is why Tallinn previously made it into our annual ranking of Europe’s biggest startup hubs.
For this article, we’ve scouted exceptionally promising early-stage startups based in Tallinn, founded in the last 3 years, taking into consideration team size, funding, growth rate, innovation, and market size. Here are the 10 Tallinn-based startups we’ll be watching in 2021 and beyond:
Mercuryo is a cryptocurrency infrastructure startup aiming to accelerate growth and boost the revenue of businesses worldwide by offering a whole ecosystem of cryptocurrency payment solutions for global businesses, using cryptocurrencies. Founded in 2018, this Tallinn and London-based fintech startup has raised nearly €9 million to use crypto as a tool for putting in motion next-generation cross-border transfers. The team to revolutionize finance and payments by enabling cheap and straightforward transactions using cryptocurrencies.
Modularbank believes in a seamless banking experience. The cloud-native banking platform allows businesses to establish a new banking business or digitally transform an existing one. Its API-drive platform is designed for businesses that want to rapidly offer seamless, tailored financial services to their customers. Founded in 2019, the fintech startup landed €4 million last year. The API-based platform is composed of flexible and independent modules that cover end-to-end everyday banking processes and is designed for quick and easy integration with existing ecosystems.
Auve Tech specialises in the development and manufacturing of autonomous transportation systems. Created in 2018, the mobility startup has developed a shuttle, Iseauto, aimed at enhancing last-mile transportation offering alternative means of transport in closed areas and mixed traffic environments that are safe, smart, and sustainable. The hydrogen shuttle successfully has driven its first test kilometres and was authorised by the Estonian Road Administration for public traffic. The vehicle is powered by low-temperature hydrogen cells, and like Auve Tech’s other vehicles, it can drive without human assistance.
Single.Earth is on a mission to disrupt corporate climate action and help businesses and organizations make a real impact by making climate action a part of business processes. Born in 2019, the team has raised over €6.7 million. The greentech startup uses blockchain technology to build a distributed, decentralized, and transparent data sharing and transaction management infrastructure, which increases the data integrity of carbon and biodiversity trading, and creates a collaborative governance system where ecologists worldwide can contribute to the science-based climate markets.
Eurora offers compliance solutions for the regulatory challenges of cross-border trade. The startup delivers critical services to logistics providers, postal operators, and e-commerce sellers. Their services include HS code allocation, duty and tax calculations, electronic declarations, label, and tracking. Founded in 2018, the team has raised over €2.5 million to become an Official EU VAT Intermediary offering IOSS Registration and Fiscal Representation in all 27 European Member States.
Viveo Health is on a mission to make healthcare accessible to 1 billion people by 2025. How? By creating a fast, simple, and secure e-health platform making healthcare accessible to everyone. Born in 2018, the health tech startup has raised €4.7 million to bring bring health insurance into the future, helping to remove the physical borders that hinder many communities. In addition, Viveo has developed a charitable donation system called the ViveoCares Initiative, allowing people to grant free consultations to those in need.
Salv is revolutionising the financial compliance sector with smart technology. Salv’s anti-money laundering, crime-fighting platform was built by the creators of TransferWise and Skype’s compliance. It aims to help companies all over the world fight crime, deliver a safe and world-class customer experience, grow quickly and set their company up for future success, all without breaking the bank. Created in 2019, the startup has secured over €3.2 million to enable institutions to share information instantly, securely, and compliantly all within their user-friendly platform that adapts to the company’s needs.
Niko Technologies aims to draw on existing blockchain experience and develop revolutionary fintech solutions for startups and businesses looking to enter new markets overseas. Founded in 2019, the team has raised nearly €190K to dramatically change the financial industry by offering instant P2P payments, unrivaled security, quick multi-currency exchange, and affordable money transfers throughout the world. Their ready-made and customizable white labels include WL Exchanger, WL Acceptance, and WL Wallet.
Founded in 2019, Vanongo is on a mission to disrupt the logistics market by introducing first / last-mile delivery as a service, making everyday logistics for individuals and businesses simple, reliable, and cost-effective. They’re doing this through a platform that enables same-day and prescheduled last-mile delivery for brands and retailers of all sizes, and at the same time provides freedom to individuals with our one-click on-demand transportation solution. Together with businesses, Vanongo’s solution addresses first and last-mile logistics needs, giving customers access to fast, simple, transparent, and affordable delivery.
So.fa.dog is a passion economy platform on a mission to revolutionize content monetization. Founded in 2020, the startup enables content creators to upload their videos to the so.fa.dog app, and reap the benefits of monthly subscriptions from their fans. In addition to full control over their channels’ content and pricing, creators can rely on so.fa.dog’s network effect to scale their brand, and earn more for doing what they love.
By the way: If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!