Thread by @Siftedeu, When @pipedrive hit a $1.5bn valuation last week, it became the fifth [...]

Sifted

Siftedeu

Read on Twitter

When @pipedrive hit a $1.5bn valuation last week, it became the fifth unicorn to be born in Estonia, joining

@Skype

@TransferWise

@Taxify_Lietuva ( @boltapp)

@playtechmobile

But what else do you need to know about the wider Baltic startup ecosystem? We tell you here

When @pipedrive hit a $1.5bn valuation last week, it became the fifth unicorn to be born in Estonia, joining @Skype @TransferWise @Taxify_Lietuva ( @boltapp) @playtechmobileBut what else do you need to know about the wider Baltic startup ecosystem? We tell you here

1/ Funding rounds in the Baltics plateaued between the start of 2019 and 2020, as new startups have postponed their raises, according to @changeventures’ latest report on Baltic Startup Funding (up to June 2020).

2/ While median pre-seed startup valuations have been steady since 2019, median valuations for seed-stage startups grew from €6m to €7.7m.

3/ Pre-seed and seed rounds were impacted by Covid’s toll on the Baltic economy but Series A rounds stayed strong, @changeventures report says.

#startups #estotech #startinLatvia #nordicmade #baltictech https://bit.ly/2IJenJ4

4/ The @changeventures report identified 6 startups that have raised a Series A: many don't have their HQ in the Baltics, but they have Baltic founders and operations in the region:

@Veriff

@funderbeam

@whatifiapp

@Brainbase

@MilremR

@GetJuro

5/ The maturity of Estonia’s ecosystem means that it drives the most investments in the region: seed funding rounds are 1.5x larger than in Latvia & Lithuania combined:

#startups #estotech #startinLatvia #nordicmade #baltictech https://bit.ly/2IJenJ4

6/“Big exits like @Skype creates capital, experience and contact networks, which funnels into new startups and value-added angels,” says @akberzins, managing partner of @changeventures about Estonia's leadership.

#startup #techEstonia #estotech #startinLatvia #baltictech

7/ But @akberzins thinks Latvia and Lithuania will eventually follow suit: “The term I’m increasingly using to describe this region is ‘the next Israel’.”

#Europe #startups #ecosystem #Baltics #Latvia #Lithuania #Estonia #Israel #estotech #startinLatvia #baltictech #nordicmade

8/ Here are six growing startups from the Baltic region to watch:

@ZitiCity #delivery

@dancerbus #greenmobility

@InteractioApp #onlinemeetings

@EstateGuru #proptech

@RangeForce #cybersecurity

@lokalise #translation

#estotech #startinLatvia #baltictech

9/ Another fast-growing Estonian startup to follow is @skel_tech: it raised €41.3m earlier this month to develop the “SuperBattery:” a battery that can be charged in just 15 seconds — and is beating @Tesla’s

#Tesla #energy #energytransition @tmadiberk https://sifted.eu/articles/estonian-superbattery-tesla/

The Estonian superbattery that is beating Tesla | Sifted

Skeleton Technologies' battery can be charged in just 15 seconds, and can go through hundreds of thousands of recharge cycles.

https://sifted.eu/articles/estonian-superbattery-tesla/

You can follow @Siftedeu.

Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: