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Baltics Have Outperformed Nordics in Terms of per Capita Startup Funding

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Baltics are reported to have more than 2000 active startups in total in 2019, despite the small size of the region having around only 6 million inhabitants. The total amount raised by Baltic startups in 2018 is 597.17M eur with Mobility, Blockchain, Fintech, SaaS and Fashion being the most active verticals. Year 2018 brought Estonia the fourth unicorn – Bolt (ex-Taxify), whereas end of 2019 has brought Lithuania it’s first one – Vinted that just raised 128M in late November.

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