Series Unknown Funded Startups in Estonia
Across the 50 most recent “Series Unknown” rounds in Estonia, the largest disclosed amount is Sunly’s $68M on 2025-03-11; it sits well above the next-large…
Across the 50 most recent “Series Unknown” rounds in Estonia, the largest disclosed amount is Sunly’s $68M on 2025-03-11; it sits well above the next-largest disclosed rounds at $20M (UP Catalyst on 2025-04-08; ESTO on 2024-05-28) and $19M (Icosagen Group on 2023-02-08), making Sunly a clear outlier within disclosed figures. At the low end, the smallest disclosed amount is $10K for Zero Technologies on 2024-12-20, while 13 of the 50 rows are “undisclosed” rather than a disclosed dollar amount.
Temporal and geographic concentration is visible. Most deals cluster in the Tallinn/Harjumaa area (e.g., Bisly on 2025-08-06; Inbank AS on 2024-08-23; Roofit.solar on 2023-03-09), with a smaller set in Tartu/Tartumaa (e.g., Menken Trials on 2024-06-17; Icosagen Group on 2023-02-08) and Viljandi/Viljandimaa (Cleveron on 2023-09-18). Dates span 2023-02-06 (Capitual) through 2025-08-06 (Bisly), and there are multiple same-day concentrations in 2025-03-11 (Hoovi $9M and Sunly $68M) and 2025-01-16 to 2025-01-20 (Elcogen $6M and Fusebox Energy $3M). Sector repetition appears strongest around Energy, with multiple entries including Sunly ($68M, 2025-03-11), UP Catalyst (Manufacturing, $20M, 2025-04-08), Elcogen ($6M, 2025-01-16), and Roofit.solar ($7M, 2023-03-09).
Most recent rounds
50 shownRelated listings
Frequently asked
Which disclosed round is the outlier in Estonia’s most recent “Series Unknown” entries, and where does the next tier fall?
Sunly’s $68M on 2025-03-11 is the largest disclosed amount in the 50 rows, and it dwarfs the next-largest disclosed figures such as UP Catalyst’s $20M (2025-04-08) and ESTO’s $20M (2024-05-28).
How much variation is there at the low end once “undisclosed” rounds are excluded?
Zero Technologies is the smallest disclosed entry at $10K on 2024-12-20, while many other disclosed rounds sit in the hundreds of thousands to tens of millions (for example, Flowstep at $1M on 2024-04-03 and Bisly at $5M on 2025-08-06). Thirteen of the 50 rows are “undisclosed,” so disclosed-only comparisons exclude those cases.
Are deals concentrated in specific cities or regions rather than spread evenly across Estonia?
Tallinn/Harjumaa dominates the list: Bisly (Tallinn) on 2025-08-06, Inbank AS (Tallinn) on 2024-08-23, and Roofit.solar (Tallinn) on 2023-03-09 are examples. Tartu/Tartumaa appears less frequently (Menken Trials on 2024-06-17; Icosagen Group on 2023-02-08), and Viljandi/Viljandimaa shows up with Cleveron on 2023-09-18.
Does the timing show any recent clustering, or are rounds spread evenly across the full window?
The window spans 2023-02-06 (Capitual) through 2025-08-06 (Bisly), but there are notable same-day concentrations: 2025-03-11 includes Hoovi at $9M and Sunly at $68M. Another pattern appears in early 2025 with Elcogen ($6M, 2025-01-16) and Fusebox Energy ($3M, 2025-01-20).
Is any sector over-represented among these “Series Unknown” rounds?
Energy is one of the more repeated categories in the visible rows, including Sunly ($68M, 2025-03-11), Elcogen ($6M, 2025-01-16), Efenco ($3M, 2023-11-16), and Roofit.solar ($7M, 2023-03-09).
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