Finest Bay Area Development (FEBAY), the Finnish developer of the proposed Helsinki‑Tallinn rail tunnel, has teamed up with Finna Family Office to launch a Luxembourg‑based infrastructure fund that will channel long‑term family‑office capital into the tunnel project, aiming to start operations by 2035.
Blackwall’s security‑infrastructure platform GateKeeper has driven strong revenue growth, leading to an implied valuation of over €1 billion – a 368% increase from the previous year – making it the fifth‑largest tech company in Estonia’s TopTech 2026 ranking.
Estonian‑Ukrainian defence‑tech startup DOD Solution raised €1.8 million in a pre‑seed round, backed by a mix of European venture funds and Canadian drone company Draganfly, to scale its AI‑driven autonomy platform AURA for drones and other unmanned platforms, with plans to expand across Europe and North America.
Estonian startup bilt.me, an AI‑native platform that lets anyone create native iOS and Android apps without coding, closed a €614.9k pre‑Seed round led by Superhero Capital with participation from Bolt founder Markus Villig and Lightyear founder Martin Sokk. The funds will be used to accelerate global expansion and enhance the platform’s features.
Archangel, a venture capital fund focused on early‑stage defence technology companies, entered a three‑year partnership with the Estonian Defence Forces. The agreement aims to improve information exchange, connect defence tech firms with investors, and enable testing and development of solutions in Estonia, supporting the broader Baltic defence ecosystem.
Bolt announced a large‑scale purchase of 25,000 robotaxi units from US‑based Lucid Group, with a long‑term plan to operate up to 100,000 driverless taxis in Europe by 2035, complementing its existing partnerships with Nvidia, Stellantis and Pony.ai.
Estonia‑based credit data platform Mifundo announced a partnership with UK open‑banking infrastructure firm Yapily. The collaboration will combine Yapily’s categorized, consent‑based bank account data with Mifundo’s verified credit information from more than 20 European countries, giving lenders a complete, standardized view of borrowers with cross‑border financial histories.
Ukrainian defence‑tech platform Resist.UA announced the creation of a €50 million European fund, Resist 2.0, registered in Estonia. The fund aims to channel qualified international investors into Ukraine’s rapidly growing miltech sector, focusing on early‑stage, battlefield‑tested teams and reinvesting returns to further scale the ecosystem.
Fitek, an Estonian company specializing in automating invoice and financial processes, begins operations in Poland following the launch of the mandatory National e-Invoice System. The expansion targets Polish businesses seeking financial automation solutions.
Vegvisir, an Estonian defense tech startup, secured venture funding from Iron Wolf Capital to advance its command-and-control software for multi-domain military operations. The platform aims to unify manned and unmanned systems across ground, air, maritime, and sub-sea domains, addressing interoperability challenges in modern warfare.