European tech funding raised by Estonia startups during Q4 2023.
In Q4 2023, 25 startups in Estonia raised a combined €230M across 27 funding rounds, down 66.0% versus Q4 2022. Cleantech was the most active sector, and Tera Ventures was the most active investor. Data as of 9 Jul 2026.
| Company | Stage | Date | Amount |
|---|---|---|---|
| Skeleton Technologies | Debt | Oct 2023 | €108M |
| Elcogen | Other | Oct 2023 | €45M |
| Sisu Group | Other | Nov 2023 | €14M |
| QANplatform | Other | Dec 2023 |
| €14M |
| RAIKU | Other | Nov 2023 | €8.8M |
| Arbonics | Seed | Dec 2023 | €5.5M |
| Efenco | Other | Nov 2023 | €4.5M |
| UP Catalyst | Seed | Dec 2023 | €4.0M |
| Salv | Other | Dec 2023 | €3.9M |
| Bisly | Other | Oct 2023 | €3.6M |
| Ecobase | Seed | Dec 2023 | €2.5M |
| Woola | Other | Dec 2023 | €2.5M |
| Haut AI | Seed | Nov 2023 | €2.0M |
| Haut AI | Seed | Nov 2023 | €2.0M |
| Fyma | Other | Nov 2023 | €2.0M |
