Funding rounds for Estonia’s climate solutions
Climate tech in Estonia requires different capital that is more patient and risk-embracing. Estonia’s climate innovators are raising from a variety of sources, from grants and early-stage accelerators to angels and venture capitalists. This page tracks all climate tech funding rounds in Estonia.
All information is sourced directly from climate tech founders and the Estonian crowdsourced database.
FUNDING
FUNDING
WANT TO SUBMIT YOUR FUNDING ROUND TO THIS SITE? SEND A NOTE TO HELLO@KEVINZLU.COM.2025
MAY 2025eAgronom secures impact investment from well-known US food manufacturer
Startup with large tax debts receives rescue funding
APRIL 2025Estonian startup Esgrid raises €900k for supplier management for SMEs
MARCH 2025Soldera raises €2.5M to streamline renewable energy certification
Stargate Hydrogen raises 11 million Euro Series A for scaling up precious metal free electrolysers
FEBRUARY 20252C Ventures leads €1M pre-seed round to GaltTec
Icebreaker.vc participates in GridRaven's €4 Million funding round
JANUARY 2025Gridio secures €2.4 million for EV smart charging and smart energy devices
Fusebox Secures €2.6 Million to Strengthen European Energy Market
Elcogen secures €5 million investment from SmartCap to accelerate growth
2024
NOVEMBER 2024Elcogen is awarded for €24.9 million grant from EU Innovation Fund to advance green hydrogen production in Europe
Ringy, which gives new life to phones, brings money and tests a new solution. "Gas forward in the north"
SEPTEMBER 2024Estonian startup ÄIO received six million euros from investors for the construction of a demo factory
An Estonian startup developing a product-as-a-service platform has 5.7 million euros for a breakthrough in Germany
AUGUST 2024UP Catalyst Secures Additional €2.3 Million to Accelerate Scale-up of Battery Raw Material Production from CO2 Emissions
Superangel.io joins Gelatex as a new investor
JULY 2024MarkeDroid closes €500,000 seed funding round
eAgronom raises €10M Series A2 round to boost sustainable farming practices
MAY 2024Latitude59 2024 is done! Beholder, AskToSell and GaltTec split the prize pool of €1,000,000
Alexela and VOOL Accelerate EV Charging Accessibility
Stargate Hydrogen raises 42 million Euros for scaling up ceramic-based electrolysers, and appoints Skeleton founder as a non-executive Chairman.
APRIL 2024Reverse Resources raises €150,000 from Graph Ventures
With a strategic investment from Baker Hughes, Elcogen closes its current funding round, raising overall €140m for scaling of its leading solid oxide technology for hydrogen
MARCH 2024Eleport brought 5 million euros, the big investor now owns more than half of the company
Roheidu Themo brought 1.3 million euros with him, passed the test of the Finnish network manager
FEBRUARY 2024Robot delivery leader Starship Technologies raises $90 million led by Plural and Iconical
2023
DECEMBER 2023Arbonics raises €5.5M to scale new forest economy
Woola secures €2.5M funding to replace plastic with sustainable packaging
Ecobase secures €2.5M seed funding to unlock carbon finance for European landowners
R8 Technologies, a growing European tech company, closes the 2023 investment round by partnering with Panasonic Corporation, Encevo & Møller Eiendom.
Up Catalyst draws €4M seed round to make battery graphite from carbon dioxide
NOVEMBER 2023Glafos receives €500,000 investment from Icebreaker
€8.8 million funding by the EIC Accelerator and private sector
OCTOBER 2023Panasonic Decides to Invest in R8 Technologies OÜ, a growing tech company in Estonia, through the Panasonic Kurashi Visionary Fund
Bisly raises €3.6M for energy-saving building automation in EU
Skeleton raises €108M from top investors incuding Siemens & Marubeni
HD Hyundai makes a Strategic Investment in Elcogen
Estonian precision agriculture startup Paul-Tech raises €1.4M to equip farmers with real-time soil insights
SEPTEMBER 2023The start of charging electric cars received nearly 3 million euros and new big-name investors
AUGUST 2023KappaZeta received €480 000 investment from business angels to kick-off the development
JULY 2023New investment from Marubeni strengthens long-term partnership
Estonian green giant Cuploop brings 2 million euros
JUNE 2023Estonia’s Vok Bikes raises €3.8 million to push delivery of its electric cargo bikes across Europe
Estonian agtech start-up eAgronom has raised $5.5 million to plough into its carbon credit programme for sustainable practices in farming
Estonian Klima Sprouts brought a million to plant bamboos in Africa
MAY 2023Congratulations to the winners of L59 Pitch Competition 2023 – €1,25M issued by Tera Ventures & EstBAN
RAIKU raises €1.2mln and launches production
Estonia’s Spacedrip raises €1.5M to tackle global clean water scarcity
MARCH 2023LiTech, which develops data traceability software, brought half a million euros
The winners of sTARTUp Pitching 2023 have been announced!
Roofit.Solar raises 6.45 million euros to boost integrated solar roofs
First-ever investment in an Estonian startup
FEBRUARY 2023A start-up company creating alternative oils brings a million euros
Estonian startup Vool raises €1,700,000
JANUARY 2023Efenco raises a total of €12,301,362
Grünfin, which has received a substantial cash injection, will start to secure the financial back of the company's employees
2022
DECEMBER 2022Fusebox, which has just raised 2.5 million, is taking steps towards Western Europe
NOVEMBER 2022Estonian-founded Yaga raises €2.2 million to take social e-commerce movement to emerging markets
OCTOBER 2022Tallinn-based Gridio lands €1 million to empower cheaper and smarter energy usage
SEPTEMBER 2022Could the forests and land of Europe offset most of its CO2? This startup hopes to prove it
JULY 2022Raul Kirjanen invests millions in the energy industry
JUNE 2022Zerofy rakes in $1.2 million to boost zero-carbon lifestyle
MAY 2022Elcogen receives €24 million investment from HydrogenOne
Reverse Resources raises €445,000 (according to Ann Runnel)
APRIL 2022Estonian start-up company Upty starts a 4.2 million investment round
UP Catalyst closes its first investment round of €500k
Kwota aims to establish global quota standards, lands €1.5 million
MARCH 2022Starship Technologies raises another $42M to fuel the growth of its fleet of self-driving delivery robots
FEBRUARY 2022eAgronom closes $7.4M Series A to create a farming-based carbon credits platform
JANUARY 2022Starship Technologies picks up €50M from the EU’s investment arm to expand its fleet of autonomous delivery robots
Skeleton closes €37.6M ($42.6M) in Round D3 led by Wise co-founder
Bolt raises $709M at an $8.4B valuation to expand its transportation and food delivery super app
2021
NOVEMBER 2021This Techstars-backed startup says it can make cultured meat production 90% cheaper
Woola raises €2.5M seed led by Future Ventures to replace bubble wrap with wool
Landex raises €188,000
OCTOBER 2021Estonian CleanTech startup Roofit Solar Energy raises €6.4M to meet the growing demand of solar roofs
Estonian technology millionaires invested in a new platform where everyone can invest
Ringo Eco, which develops the reuse of food packaging, brings 500,000 euros
AUGUST 2021Eleport expands to Latvia with the support of Scandium and Skype founders' investments
Taavet Hinrikus is on an investment wave: his latest purchases are LHV and Skeleton
Estonia's Bolt raises 600 mln euros for quick-delivery push
JULY 2021Reverse Resources secures EUR 850K from Bangladesh Angels Network and others
Viljar Arakas invested in an Estonian technology company
More than a million of Estonian energy seeds
Single.Earth to link carbon credits to crypto token market, raises $7.9M from EQT Ventures
Ragnar Sass participated in the first investment of the "Brain Hunt" winner
Skeleton raises capital to close a total of €70 million in Round D
JUNE 2021The Estonian start-up company brings 700,000 euros. What are they going to do with it?
A pet product manufacturer that has attracted more than half a million from business angels is about to conquer the USA
MAY 2021The energy company with the participation of Sandor Liive brought capital to bring the smart charging software for electric cars to the market
APRIL 2021Unexpected money placement. A well-known investor put money into the Estonian insect business
MARCH 2021A baby clothes rental company received a cash injection
Cuploop, which raised half a million euros, will revolutionize packaging circulation
Bolt Lands €20 Million From The World Bank’s IFC For Emerging Market Push
FEBRUARY 2021The start-up company Yaga brought more than half a million euros to conquer the African market
Hepta Airborne, a start-up company digitizing electricity networks, brought 2 million
JANUARY 2021Starship brings a lot of money and starts hiring rapidly
Estonian e-cargo startup Vok Bikes gets €800,000 to produce more bikes and expand in Europe
2020
DECEMBER 2020The founders of Bolt and Pipedrive injected money into the package
Bolt, the European on-demand transport company, raises $109M on a $1.9B valuation
NOVEMBER 2020The 41-million-euro cash injection catapults Skeleton to the top of Estonia's startup companies that have raised the most money
AUGUST 2020eAgronom raises €1.2 million for its farm management software, brings a former Nike VP on board
JULY 2020Vok Bike raises €112,000 from mentor round
MAY 2020Uber-rival Bolt raises 100 million euros
JANUARY 2020