TOP Tech - 2025
Estonia's most valuable Tech companies

Place Company Valuation, mEUR
Valuation changes
Sales CAGR 2Y HQ Industry
22 Scoro 79 5% 19% UK B2B SaaS
3 Pipedrive 2 228 75% 15% US B2B SaaS
15 Toggl 150 15% 8% EE B2B SaaS
6 Pactum winner 290 222% 31% US B2B SaaS
28 Modash 53 N/A 66% EE B2B SaaS
4 Skeleton Technologies 499 0 6% EE CleanTech
24 Stargate Hydrogen 60 N/A 865% EE CleanTech
8 Elcogen 267 0 28% EE CleanTech
29 QAN 51 13% N/A EE Crypto
14 Helmes 160 2% 9% EE Custom Software Development
5 Nortal 325 5% 8% EE Custom Software Development
9 Blackwall 221 295% N/A EE CyberTech
23 LEI Register 69 57% 29% EE Data Management
12 Threod 168 257% 135% EE Defence
10 Defsecintel Solutions 189 72% 147% EE DefenceTech
16 Frankenburg Technologies 150 N/A N/A EE DefenceTech
30 Ultra Corporation 51 N/A N/A Enterntainment/Gaming Platform
20 Bondora 132 24% 20% EE FinTech
17 Tuum 150 22% 68% EE FinTech
21 Wallester 95 N/A N/A EE FinTech
27 Xolo 54 N/A 43% EE FinTech
11 Admirals Group 175 30% -23% EE FinTech
1 Wise winner 12 471 45% 25% UK FinTech
7 Lightyear 272 N/A N/A UK Investment/ FinTech
13 Katana 161 23% 50% EE Manufacturing ERP
25 Markit 57 24% -4% EE Marketplace
19 Car Rental Gateway 137 N/A 44% EE Mobility
26 Ridango 56 10% 20% SE Mobility
2 Bolt 8 856 62% 26% EE Mobility
18 Milrem 140 0 49% EE Robotics/Miltech

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