Funded Commerce and Shopping Startups in Tallinn
Commerce and shopping startups in Tallinn have generated at least 14 funding rounds spanning from May 2020 through August 2025, with the heaviest concentra…
Commerce and shopping startups in Tallinn have generated at least 14 funding rounds spanning from May 2020 through August 2025, with the heaviest concentration in 2022. That year alone saw five closings: Montonio's $12M Series A, Cachet's $6M Series A, Werk's $1M Pre-Seed, Income's $900K equity crowdfunding round, and Yaga's $2M Seed. The largest single disclosed amount in the dataset belongs to ESTO, which raised $20M in a Series Unknown round in May 2024.
The two most recent rounds reflect continued early-stage activity: eID easy closed a $350K Seed on August 28, 2025, and Vok Bikes secured a $6M Series A in July 2025. Stage distribution across the 14 companies is mixed — three Series A rounds, three Seed rounds, five classified as Series Unknown, and one each at Pre-Seed and Equity Crowdfunding. Three companies (Telema, Senkrondata AI, EstateGuru) disclosed no round size. All companies are based in Tallinn, Harjumaa.
Most recent rounds
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Frequently asked
What are the largest disclosed rounds among Tallinn commerce and shopping startups?
ESTO leads with a $20M Series Unknown round closed in May 2024. Montonio raised $12M in a Series A in April 2022, followed by Vok Bikes and Cachet, both at $6M Series A rounds in mid-2022 and July 2025 respectively.
How has funding activity in this segment shifted over time?
The densest period in this dataset was 2022, which saw five rounds including Montonio, Cachet, Werk, Income, and Yaga. Activity thinned in 2023–2024, with three rounds in 2023 and two in 2024, before picking back up with Vok Bikes and eID easy closing rounds in mid-2025.
Which early-stage rounds have closed most recently?
eID easy closed a $350K Seed round on August 28, 2025, making it the most recent funding event in this dataset. Elmo raised a $3M Seed in April 2023, and Yaga closed a $2M Seed in November 2022.
How many rounds have undisclosed amounts, and which companies are affected?
Three companies — Telema, Senkrondata AI, and EstateGuru — raised rounds with no disclosed amount, all between March 2023 and May 2024. All three were classified as Series Unknown rounds.
Are all companies in this dataset actually based in Tallinn?
Yes. All 14 companies listed are headquartered in Tallinn, Harjumaa, Estonia. There is no geographic spread across other Estonian cities or regions in this dataset.
What round types appear most frequently in this segment?
Series Unknown is the most common classification, covering five companies including ESTO, Telema, Senkrondata AI, and EstateGuru. Seed rounds account for three entries, Series A for three, and there is one Pre-Seed (Werk) and one Equity Crowdfunding round (Income).
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