European tech funding raised by Estonia startups during Q4 2022.
In Q4 2022, 18 startups in Estonia raised a combined €676M across 18 funding rounds, up 826.9% versus Q4 2021. Software was the most active sector, and Project A Ventures was the most active investor. Data as of 9 Jul 2026.
| €35M |
| Pactum | Other | Dec 2022 | €19M |
| Coinmetro | Other | Nov 2022 | €7.0M |
| Alvin | Seed | Oct 2022 | €6.2M |
| Plummy Games | Other | Nov 2022 | €5.8M |
| Utorg | Seed | Dec 2022 | €4.7M |
| Yummy | Pre-Seed | Oct 2022 | €3.4M |
| FlyFeed | Seed | Oct 2022 | €3.1M |
| Fusebox | Other | Dec 2022 | €2.5M |
| Yaga | Other | Nov 2022 | €2.2M |
| Cloud Factory | Other | Oct 2022 | €2.0M |
| Modash | Seed | Nov 2022 | €2.0M |
