Funded Commerce and Shopping Startups in Estonia
The 15 Commerce and Shopping companies shown here raised rounds spanning from May 2020 through August 2025, with every entry headquartered in Tallinn, Harj…
The 15 Commerce and Shopping companies shown here raised rounds spanning from May 2020 through August 2025, with every entry headquartered in Tallinn, Harjumaa. Disclosed deal sizes range from $200K (Edumus, June 2021) to $20M (ESTO, May 2024), with Montonio's $12M Series A in April 2022 and back-to-back $6M Series A closes from Cachet (May 2022) and Vok Bikes (July 2025) representing the next tier. Three companies — Telema, Senkrondata AI, and EstateGuru — filed rounds without disclosing amounts, and five rounds carry a Series Unknown classification, limiting precision on stage distribution.
Activity has continued into mid-2025: eID easy closed a $350K Seed in August 2025 and Vok Bikes a $6M Series A in July 2025, both suggesting active early-to-growth-stage deal flow. The dataset skews toward Seed and Series A instruments, with one Pre-Seed (Werk, $1M, May 2022) and one Equity Crowdfunding round (Income, $900K, January 2022) rounding out the stage mix.
Most recent rounds
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Frequently asked
What are the largest disclosed rounds among these companies?
ESTO raised $20M in May 2024, Montonio closed a $12M Series A in April 2022, and both Vok Bikes and Cachet raised $6M Series A rounds in 2022 and 2025 respectively. Those four deals account for the bulk of total disclosed capital in this dataset.
Where are these companies located?
All 15 companies are headquartered in Tallinn, Harjumaa. No other Estonian city appears in this dataset, making Tallinn the exclusive geographic concentration for this segment.
Which funding stages appear most often?
Series Unknown is the most common classification, covering five companies including ESTO, Fagura, and EstateGuru. Seed and Series A rounds each appear three times; the three Series A deals — Montonio, Cachet, and Vok Bikes — all disclosed amounts between $6M and $12M.
How many rounds have undisclosed amounts?
Three companies — Telema, Senkrondata AI, and EstateGuru — closed rounds without disclosing deal size. Two additional entries, Edumus and askRobin, carry no round type and may represent angel or grant-style financing.
What is the most recent funding activity in this segment?
eID easy closed a $350K Seed round on August 28, 2025, and Vok Bikes closed a $6M Series A on July 2, 2025. Both are Tallinn-based and represent the two most recent rounds visible in this dataset.
What does the Seed deal size range look like here?
The three Seed rounds span from $350K (eID easy, August 2025) to $3M (Elmo, April 2023), with Yaga's $2M round in November 2022 sitting in between. There is no tight clustering, suggesting varied traction levels at the time of raise.
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