Funded Commerce and Shopping Startups in Estonia
Disclosed funding in this Estonia commerce-and-shopping slice is concentrated around a small set of rounds: Montonio’s $12M (2022-04-12) and two $6M rounds…
Disclosed funding in this Estonia commerce-and-shopping slice is concentrated around a small set of rounds: Montonio’s $12M (2022-04-12) and two $6M rounds (Vok Bikes $6M on 2025-07-02; Cachet $6M on 2022-05-12) sit above most other disclosed amounts, while the largest disclosed entry is a step up at $23M for ESTO on 2026-04-02. The rest of the disclosed figures cluster mostly between $200K and $3M (for example Edumus $200K on 2021-06-11; EstateGuru is undisclosed on 2023-03-22; Elmo’s $3M on 2023-04-26).
Timing and geography also show clustering: 9 of the 16 rows list Tallinn as the city, and the round dates span from 2020-05-05 (askRobin) through 2026-06-29 (Vegvisir), with multiple nearer-term closes in 2022 and 2025–2026. Stages are unevenly documented: 6 of 16 entries have “undisclosed” amounts and 6 of 16 are marked “Series Unknown,” with the remaining disclosed rounds spanning Seed through Equity Crowdfunding. Overall, the set is 16 companies in total, all in the same country/city context (Tallinn, Harjumaa) despite varying round sizes and series labels.
Most recent rounds
16 shownRelated listings
Frequently asked
How many of the most recent entries fall in the latest part of the timeline, and what are the newest/oldest dates shown?
The newest row is Vegvisir on 2026-06-29, while the oldest is askRobin on 2020-05-05. Within the shown set, several rounds cluster in 2022 (e.g., Montonio 2022-04-12; Income 2022-01-17) and again in 2025–2026 (eID easy 2025-10-13; Vok Bikes 2025-07-02; ESTO 2026-04-02; Vegvisir 2026-06-29).
What stage mix is most visible among disclosed rounds, and what fraction is missing series or amounts?
Among labeled rounds, Seed and Series A appear multiple times (e.g., eID easy Seed $2M on 2025-10-13; Elmo Seed $3M on 2023-04-26; Vok Bikes Series A $6M on 2025-07-02; Cachet and Montonio Series A on 2022 dates). Data completeness is limited: 6 of 16 rows are “undisclosed” on amount (e.g., Vegvisir 2026-06-29; Telema 2024-05-28), and 6 of 16 are “Series Unknown” (e.g., ESTO 2026-04-02; Telema 2024-05-28).
Are there outlier deal sizes or notably small disclosed rounds worth flagging for diligence?
Yes: the $23M ESTO round (2026-04-02) is an outsize disclosed outlier versus most other disclosed amounts, which frequently sit at or below the ~$3M range (e.g., eID easy $2M on 2025-10-13; Yaga $2M on 2022-11-10; Elmo $3M on 2023-04-26). On the small end, Edumus shows $200K on 2021-06-11, far below the $6M and $12M disclosed entries in the set.
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