TOP 50 Fastest Growing Estonian Startups in 2018

By Kadri Barclay, Head of Marketing at LIFT99,

and Ragnar Sass, CEO & Founder of LIFT99.

We like Estonia. It has the most advanced e-government platform in the world, and recently our Tax and Customs Board adopted a new level of transparency - they are publishing a detailed report of Estonian companies every quarter. This includes all the data you might need to see the performance of these companies in numbers and throughout industries.

While originally focusing on paid taxes, the recent reports have also included the revenue and the number of employees. This offers great insight into how fast companies are growing. So, naturally, we took a deep dive into this data to find the fastest growing startups in Estonia.

If you love numbers, feel free to skip the small talk and head straight on to the masterfile we've assembled.

Startups with the Most New Hires

First and foremost - the team size. Why? While revenue might seem the obvious choice to determine a company's growth, it’s a misleading number in the startup world. Many top startups have entities in other countries and their Estonian office does not collect revenue. Both Transferwise and Pipedrive are great examples of this case, yet both are in top 3 when it comes to the number of new employees over the last year.

The first spot in this column belongs to Taxify. Their Tallinn office has grown from 38 people to 195. Hiring 157 people in 12 months and growing 5 times bigger sure is impressive! Transferwise follows with 145 new hires, Pipedrive with 74, Cleveron with 54, Starship with 32, and Monese is sixth with 30 new people in the office since 2017 Q1.