The third edition of the report highlights the presence of a healthy funding pipeline, emphasizes Baltic countries’ place in Europe’s ecosystem, acknowledges the leading role of its strong reaction to Covid-19 and, for the first time, dives deep into the increasingly relevant topic of diversity.
Having barely 6 million inhabitants in total, the Baltic states are often dismissed as too small to be taken into account. However, in the startup and tech area this tiny region is home to six startup unicorns and the Baltics are once again leading the region when it comes to funding per capita. The three Baltic states received 5 times the amount of funding per capita as the other 12 countries in Central and Eastern Europe. Baltic founders and governments seem to have found a recipe for success in the startup world.
This is the third year that the Startup Wise Guys accelerator and EIT Digital joined forces to publish the Baltic Startup Scene Report - the most in-depth insight to the Baltic startup ecosystem, looking beyond pure data and zooming in on emerging trends, correlations, and real stories from founders and ecosystem players.
This year we have added a major component – the Startup Scene Survey, which provided unprecedented insights into the real lives of local founders, startups, investors, and more.
Discover the facts and figures that make up the Baltic startup scene in 2019/2020, dive deeper into topics surrounding diversity, COVID impact on the startup ecosystem at large, and of course the outlook ahead.