Dealroom+波罗的海深度科技报告-37页_14mb

Baltic Deep Tech Ecosystem Overview

The Baltic Deep Tech Report 2023 highlights the rapid growth of the Deep Tech and AI startup ecosystem in Estonia, Lithuania, and Latvia. Since 2019, investments have surged in these sectors, driven by their potential to foster innovation and address global challenges like sustainability and economic development.

Key trends include a fourfold increase in the combined enterprise value of Deep Tech startups over the past five years, with VC investment reaching €4B in 2021-2022 and around €516M in 2023. Estonia, Lithuania, and Latvia lead in VC density and STEM talent, supported by academic institutions and programs like Startup Lithuania and the NATO Cyber HQ in Tallinn.

Notable achievements: Deep Tech generates over 50% of the Baltic ecosystem's combined enterprise value, with AI-powered startups leading in funding rounds. Major investors like Iron Wolf Capital (managing €21M fund) and Google Cloud actively partner with startups, advancing fields like generative AI and robotics.

Challenges remain, including reporting lags for recent investments. The ecosystem is poised for continued growth, with 550+ Deep Tech startups and rising stars such as Bolt, PVCase, and Skeleton Technologies gaining momentum.

Methodology relies on Dealroom.co data, defined from verified sources, focusing on venture capital activity and startup metrics.

This report underscores the Baltics as a pivotal region in Europe's Deep Tech frontier.