How Estonian startups rocked Estonia and the whole world in 2017

Startup Estonia presents the overview of the year 2017 in Estonian startup scene, including the statistics about biggest employers, investments and exits, taxes paid, turnovers and much more. 

• 3 Exits

Teleport was acquired by MoveGuides

PlanetOS by Intertrust

Zeroturnaround by Rogue Wave Software 

*Deal sizes are undisclosed, but at least one ofthem estimated to be in 50MEUR range

• 270M raised in 2017 

Transferwise 240M

Skeleton Technologies 15M

Jobbatical 3,5M

Zeroturnaround 3,5M

• Emplyment Taxes gowth was 30% 

Tax contributions have been growing by a 3rd year- on -year basis totalling to 37M eur in 2017.

*from 28M (2016) and 21M a year before.

• Startup Headcount 

Since 2017 employment data is publicly accessible through Statistics Estonia. More than 500 new jobs were created during the year only in Estonian offices. 

• Biggest employers – 4300 people in total including  offices abroad

Transferwise 486 in EE;  350 abroad

Pipedrive 287 in EE;  72 abroad

Taxify went from 39 to 174 people in EE;  150 abroad

• Quarterly and annual turnovers 

270M eur in revenues 

*The turnover data relies on quaterly data published by Statistics Estonia since April 2017. Only turnovers consolidated into Estonian business antities have been included.