Nine Estonian SaaS founders raised Series A rounds of $7.4m to $26m over a decade

Asked:

series a saas founders in estonia

A web scan starting from 16 search queries surfaced 9 Estonia-connected companies in SaaS, business software, cloud platforms, or developer infrastructure with an announced Series A, from Pipedrive in May 2015 to Modash in October 2024. This is a discovered shortlist, not every Estonian Series A; "founders" means the people named in each selected source, which may not be the full founding team. The scope is broader than strict subscription SaaS and includes business-software and cloud-infrastructure firms such as NFTPort, eAgronom, and Montonio. Rounds are shown in their original currency — dollar and euro amounts are not converted or directly comparable.

Series A timeline, 2015–2024

US dollar round Euro round bubble area = reported round size, in its own currency · hover a bubble for founders and product

Findings

NFTPort's $26m round (June 2022) is more than double any other round on the list; founders Johannes Tammekänd, Sten Tamkivi and Rain Johanson built NFT infrastructure APIs for developers. sifted.eu

Four of the nine rounds landed inside 2022 alone — eAgronom, Montonio, NFTPort and Klaus — a clear cluster in the timeline. aithority.com

Katana, the manufacturing ERP founded by Kristjan Vilosius, Priit Kaasik and Hannes Kert, has the strongest corroboration in the scan with 12 supporting pages; Modash and Montonio follow with 5 each. expertnews.in

Pipedrive's $9m round in 2015 is the earliest on the list and the only one predating 2018; Timo Rein's visual CRM went on to become one of Estonia's best-known SaaS exports. techcrunch.com

The shortlist in detail

Company	Named founder(s)	Series A	Date	Product	Estonia connection	Pages	Source

Method: discovered shortlist of 9 Estonia-connected SaaS / business-software / cloud-infrastructure companies with an announced Series A (2015-05-14 to 2024-10-31), compiled from a web scan seeded with 16 search queries and cross-checked; 7 distinct source hosts, no single URL backs more than half the rows. Round sizes are as reported in the selected source, in original currency; "supporting pages" counts corroborating pages found in the scan (max 12, Katana). Founder lists reflect only names in the cited source. Product descriptions are shortened in the table for space.

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