Chapter 2022 of the Estonian startup sector has been published by Startup Estonia

The Estonian Startup Database is home to 1444 startups, with 98 new startups created so far in 2022 and 2023.

Turnover grew 49% from 1,4 B to 2,1 B EUR, the employment rate by 22% and employment taxes by 47% from 2021, employing now 9954 people locally. Funding deals marked the line of 1,3 B EUR with a growth rate of about 40% compared to the previous year.

According to the Estonian Tax and Customs Board statistics, Estonian startups employed 9954 people locally at the end of 2022. A year ago, the employee count was 8187, meaning the yearly growth was 22%.

With the help of the startup visa programme launched in 2017, over 5454 visas and residency permits have been issued, 4477 of which were assigned to employees and 977 to international founders.

Access to full report: https://lnkd.in/g7pct6mZ