Startups in Tartu and the surrounding area enjoyed a 4 percent rise in revenues on year to 2023, to a total of €226.7 million, Tartu Postimees reports, citing data from Startup Estonia and the Tax and Customs Board (MTA).
A total of 119 registered start-up companies operate in Tartu and Tartu County, including payment
provider Boku Network Services Estonia, which had the highest revenue of all at €53.5 million in
2023, followed by gaming tech producer Playtech (€51.6 million).
New startups raised €2.1 million in capital last year across six transactions, the largest relating to
law firms CRM provider Crespect (€600,000) while startups employed 844 staff part-time or full-
time (14 percent of the total being foreign nationals), Playtech by far the largest of them at 644
people employed in the year, and startup staff took in an average gross wage of €3,026 per month.
https://news.err.ee/1609266609/tartu-start-up-sector-took-in-nearly-230-million-in-2023-revenues
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