European tech funding raised by Estonia startups during 2025.
In 2025, 53 startups in Estonia raised a combined €476M across 58 funding rounds. Software was the most active sector, and Specialist VC was the most active investor. Data as of 21 Aug 2026.
3 exits · €160M disclosed.
| XData Group | Merger | May 2025 | €160M |
| €47M |
| Blackwall (formerly BotGuard) | Series B | Mar 2025 | €45M |
| Starship Technologies | Other | Oct 2025 | €43M |
| UP Catalyst | Debt | Apr 2025 | €18M |
| Katana | Series B | Oct 2025 | €14M |
| Stargate Hydrogen | Series A | Mar 2025 | €11M |
| Creditstar | Debt | Oct 2025 | €8.6M |
| Wayren | Growth/Late | May 2025 | €7.9M |
| Lendurai | Seed | Jun 2025 | €5.6M |
| Vok Bikes | Series A | Jul 2025 | €5.1M |
| Elcogen | Other | Jan 2025 | €5.0M |
| Bisly | Other | Aug 2025 | €4.3M |
