STARTUP ESTONIA - Newsletter

Taxify raises $175M led by Daimler at a $1B valuation

Taxify raised $175M led by Daimler at a $1B valuation, becoming the fourth unicorn out of Estonia after Skype, Playtech and Transferwise.

month of investments

This month we've seen quite notable in terms of investments to Estonian startups. Leading the way is Taxify, with a massive $175M investment led by Daimler at a $1B valuation and thus becoming the fourth unicorn out of Estonia. Taxify will use the capital to develop its technology and make further expansions in Europe and Africa. Secondly, Pipedrive raised a $50M Series co-led by new investor Insight Venture Partners and Bessemer Venture Partners.

Also, self-driving robot delivery startup Starship Technologies raised $25M.
With the help of the investment and a new CEO, former Airbnb business development lead Lex Bayer, Starship Technologies is ready to start deploying their network of robots at scale. Amoung others, Veriff raised $7.7M Series A, LIFT99 raised $2.3M to develop a skillsharing platform for founders, Dashbird raised $800K to solve serverless observability problem and eAgronom raised €500K from 50 of their customers (!).

Wonder what this month brings? We've been hearing that there will be more funding news soon...

team Startup Estonia

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Fractory Wins Latitude59 2018 Pitch Competition

Fractory wins Latitude59 pitch competition

Fractory won the annual pitching competition at Latitdeu59, securing €170,000 seed investment from the Nordic Angel Program by the Estonian Business Angels Network (EstBAN). Find out more