Startups from Estonian county Ida-Viru increased their turnover by 107% in H1 of 2024

Startups from Estonian county Ida-Viru have increased their turnover by 107% in the first half of 2024 compared to the same period in 2023. 25 startups from this county achieved a turnover of €2.7M.

DGTal Solutions, a provider of legal, technology, and reporting solutions for content creators, had the highest turnover at €1.2M. PROSW Analytics, which develops a media scanning tool that helps companies extract risk-related news about their clients/counterparties, and the travel startup RHOMTRIP achieved a turnover of €400K. Gaming platform Friedegggames - €200K.

Compared to Ida-Virumaa, startups from Tartu and Parnu counties had a significantly lower turnover. In Tartu, the total turnover of startups in the first six months of 2024 increased by only 8% to reach €111.7M, while in Parnu County it even decreased slightly by 3% to €4.7M.

Startup Estonia is a government initiative that supports the development of the startup ecosystem, participates in organizing events, educates local investors, and attracts foreign investors to Estonia.