Funded Information Technology Startups in Estonia
Among the 12 most recent information technology rounds in Estonia, the largest disclosed raise is Eurora’s $39M on 2022-04-27, which dwarfs the rest of the…
Among the 12 most recent information technology rounds in Estonia, the largest disclosed raise is Eurora’s $39M on 2022-04-27, which dwarfs the rest of the disclosed amounts in this slice (the next-largest disclosed figures are $13M for BotGuard on 2024-03-13 and $6M for Arbonics on 2023-12-14 and CybExer Technologies on 2022-02-15). Most companies cluster in Tallinn: 10 of 12 entries list Tallinn (with one additional Jüri entry, Trashify, dated 2023-09-22). Temporally, the page spans from Bugbounter’s 2021-12-03 seed to Bisly’s most recent 2025-08-06 $5M, with a concentration around March 2024 (BotGuard 2024-03-13 at $13M; Lawato 2024-03-05 undisclosed). Stage and disclosure are mixed: two rounds are labeled Seed ($6M Arbonics in 2023-12-14 and $300K Bugbounter in 2021-12-03), one is Series A (Eurora’s $39M in 2022-04-27), two are Pre-Seed at disclosed amounts ($500K Salesforge 2024-04-24 and $320K TrustLynx 2023-09-15), and 2/12 are undisclosed (Lawato 2024-03-05; Trashify 2023-09-22).
Most recent rounds
12 shownRelated listings
Frequently asked
Which round is the outlier by disclosed size, and how much larger is it than the next-largest disclosed amounts?
Eurora’s $39M on 2022-04-27 is the clear outlier; it dwarfs the rest of the disclosed figures here, with the next-largest disclosed amounts at $13M (BotGuard, 2024-03-13) and $6M (Arbonics, 2023-12-14; CybExer Technologies, 2022-02-15).
Is Tallinn over-represented compared with other Estonian cities in this IT list?
Yes. 10 of 12 entries are based in Tallinn (e.g., Bisly 2025-08-06 $5M; BotGuard 2024-03-13 $13M; Eurora 2022-04-27 $39M), while the only other city shown is Jüri (Trashify, 2023-09-22, undisclosed).
Do the most recent entries cluster into a short time window, or are they evenly spread?
There’s a visible cluster around March 2024: BotGuard closed on 2024-03-13 for $13M and Lawato on 2024-03-05 (undisclosed). Beyond that, the list spans from 2021-12-03 (Bugbounter, $300K) to 2025-08-06 (Bisly, $5M), indicating spread rather than a single tight window.
What stage mix dominates the disclosed rounds on this page?
Pre-Seed appears repeatedly with disclosed amounts where specified: Salesforge (2024-04-24, $500K) and TrustLynx (2023-09-15, $320K). Seed is also present at disclosed levels (Arbonics, 2023-12-14, $6M; Bugbounter, 2021-12-03, $300K), while the only Series A listed is Eurora at $39M on 2022-04-27.
How common are undisclosed amounts in this slice, and which entries have them?
2 of 12 entries show undisclosed amounts: Lawato (2024-03-05) and Trashify (2023-09-22). These entries stand out because the other companies generally report specific disclosed amounts (e.g., BotGuard $13M on 2024-03-13; BuildJet $500K on 2023-04-05).
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