A country of fewer than 1.4 million people has produced ten billion-dollar startups — about 7 for every million residents, more than three times the US rate — and the first of them was a voice-call app a handful of engineers built in Tallinn in 2003.
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Estonia’s population stood at 1,360,745 at the start of 2026, according to Statistics Estonia. That is smaller than many single cities. Out of it has come ten companies that reached a billion-dollar valuation at some point in their history, among them Skype, Wise, Bolt, Pipedrive, Playtech and Veriff, according to Invest in Estonia’s own tally.
Using CB Insights’ underlying company data alongside that population figure, a figure Invest in Estonia and outlets including Fintech B
Using CB Insights’ underlying company data alongside that population figure, a figure Invest in Estonia and outlets including Fintech B
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