Radar › Companies › HealthTech · Estonia
Radar · HealthTech in Estonia

Best HealthTech Companies in Estonia

The 138 best HealthTech companies in Estonia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Certific.

138companies tracked
$24.6Mdisclosed funding
0unicorns
20have raised

Estonia's HealthTech sector doesn't generate headlines the way fintech does, but the funding data tells a story worth reading. Our directory tracks 138 companies with $25M in total disclosed funding, and the spread matters: Certific leads at $8M raised, Better Medicine follows at $7M, and Haut has pulled in $2M, meaning just three companies account for the bulk of the capital in a field where most players are still pre-Series A. No unicorns yet. But the global market these companies are chasing hit $908.5B in 2023 and is forecast to reach $3140.9B by 2033, a 13.1% CAGR that makes the Estonian cohort's modest raise look like early positioning, not stagnation.

What's keeping growth disciplined here is partly structural. Data privacy and security compliance aren't optional in the EU, and as 2023 research shows, regulatory friction shapes how fast digital health companies can actually scale. Investors like Startup Wise Guys and the EIC Fund are active in the market, and hot themes right now include digital health consultation and innovation agency funding, which tells you where the next check is likely going. So if you're trying to identify which Estonia HealthTech companies have real momentum behind them, the rankings here start with disclosed equity and recent funding velocity, the two numbers I trust most.

Sources & further reading
  • Allied Market Research
FLIAR INTELLIGENCE · HEALTHTECH × ESTONIA

Our analysis of 864 HealthTech companies

$73.2b in tracked funding; 89% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.

864companies analysed
89%cloud-native stacks
2025funding peak (by rounds)
57unicorns
2018median founding year
70kcombined LinkedIn audience
58%of audience held by top 3
2companies hiring publicly (12 mo)

Ranked: Best HealthTech companies in Estonia

#CompanyLast roundDisclosed fundingEmployeesFounderTech stackWeb popularityRecent signals
1365JP
Provider of sports nutritional supplements to improve fitness and health
———Tanel Peeters
CEO
Cart FunctionalityWooCommerceWordPress+32Top 5M—
2Activate
Mobile app offering multiple fitness and wellness services
——7————
3AidenApp
Smartphone app for treatment of depression
———Rait Arro
Ex-CEO & Co-Founder
———
4Aksify Solutions
Provider of a healthcare management platform for HIV positive people.
——4————
5Amygdala Health
Platform offering a digital health program for individuals living with chronic heart diseases
———Hana Cosic
Co-Founder
———
6APDVoice
Provider of AI-based research tools for healthcare professionals to make decisions
———Elvin Muradoglu
Co-Founder
———
7Beets BLU
A smart chest strap for monitoring heart rate monitor
———Alexey Grechaninov
Founder & CEO
———
8Biaks
Online store offering nutritional supplemnets to improve health and wellness
———Mart Olman
Co-Owner
Cart FunctionalityWooCommerceWordPress+15Top 10M—

Top 12 HealthTech companies in Estonia

#1
Seed · Tartu, Tartu · founded 2020 · 9 employees
$6.6Mraised
▾

AI-powered tools for radiologists to diagnose and fight cancer. The company is developing AI and software tools that include automated lesion detection, measurements, and tracking in cancer diagnostics for radiologists, supporting full-body CT scans, covering a broad range of cancers, and structured and standardized reporting.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers — 3.7% of this cohort's audience
Activity: 1 partnerships (incl. Better Medicine) announced in 12 mo
Funding rounds
  • Aug 2025Seed$1.2M
  • Jul 2023Grant (prize money)$2.8M
  • 2023Grant (prize money)$2.7M
Founders & team
Dmytro FishmanCo-Founder
Investors
EIC Fund, Europa, Soulmates Ventures, Specialist, UT Ventures, Superangel
#2
Seed · Tallinn, Harju County · founded 2023
$626Kraised
▾

Developer of a wearable biosensor for precise ovulation tracking. This device measures sex hormones to provide detailed cycle information via a phone app, aiding women experiencing fertility challenges. The self-applied sensor is designed for ease of use and comfort. The aim is to improve the accuracy and convenience of ovulation tracking for women seeking to conceive.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 1k LinkedIn followers
Activity: 2 awards announced in 12 mo
Funding rounds
  • Nov 2025Seed$626K
Founders & team
Kerli LuksCEO
Investors
Greiner
#3
Funding Raised · Tartu, Tartu · founded 2021
$1.4Mraised
▾

Provider of cloud-based clinical trial compliance system. The company offers a streamlined system to manage clinical drug trial documentation and drug development process. It offers an Electronic Investigator Site File (eISF) and Patient Reimbursement.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers — 4.1% of this cohort's audience
Activity: 2 product launches announced in 12 mo
Funding rounds
  • Jul 2024Grant (prize money)$1.4M
Founders & team
Andreas EllerveeCo-FounderAnna PartsCo-FounderJurgen LorenzCo-Founder & CEO
Investors
KredX, EIS
#4
Seed · Tallinn, Harju County · founded 2017 · 6 employees
$2.2Mraised
▾

Provider of SaaS-based solutions for skincare businesses. Its solutions are based on the algorithms of computer vision and machine learning. It also provides a personalized treatment plan for the users.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 15k LinkedIn followers — 21.7% of this cohort's audience
Hiring: 1 hiring post in 12 mo (public) · hiring: Sales Manager / Head of Sales
Activity: 1 partnerships (incl. OLAY) announced in 12 mo
Funding rounds
  • Nov 2023Seed$2.2M
Investors
LongeVC, JLABS
Tech stack
Amazon S3Amazon Web ServicesAngularCloudflareCloudflare Bot ManagementCloudflare Turnstile
#5
Series A · Tallinn, Harju County · founded 2020 · 5 employees
$7.7Mraised
▾

Provider of COVID-19 testing solution for individuals and employees. The platform allows users to order the test kit, take the test as instructed in the app, get remote verification and a QR code with the certificate for the test result. The solution can be used by businesses to check the employee health status and prevent the outbreak of disease.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers — 2.5% of this cohort's audience
Funding rounds
  • Jul 2022Series A$7.7M
Founders & team
Andres Lasn MdCo-FounderTaavet HinrikusCo-FounderLiis NaruskCo-founder & CEO
Investors
Plural, Specialist, Paradigm, JMC Investment
Tech stack
Amazon CloudfrontAmazon SesAmazon Web ServicesApple Icloud MailDatocmsGoogle Workspace
#6
Seed · Tallinn, Harju County · founded 2022 · 11 employees
$673.2Kraised
▾

{}

LinkedIn Pulse recent public activity · Jul 2026
Audience: 1k LinkedIn followers
Activity: 2 product launches announced in 12 mo
Funding rounds
  • May 2024Seed$673.2K
Founders & team
Anna StrubelCo-Founder & CEOKeiro VantsiCPO and Co-FounderCarina VantsiCo-Founder
Investors
Tera Ventures, Startupist Venture
#7
Seed · Tallinn, Harju County · founded 2020 · 19 employees
$2Mraised
▾

Provider of an AI-based health diagnostic tool for individuals. The company has developed a diagnostic system that has the ability to display health metrics, biofeedback, and preliminary diagnosis for health monitoring. Its digital health management platform has tools for analyzing the skin, eyes, and cardiac system of an individual by analyzing facial texture and skin surface.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 5k LinkedIn followers — 7.5% of this cohort's audience
Funding rounds
  • Feb 2022Seed$2M
Founders & team
Przemek JaworskiCo-Founder & CTORemi KoscielnyCo-Founder & CEO
Investors
Superhero Capital, SMOK Ventures, VERGE, Kelnase Holding Company, Yoisho, Go Beyond Capital
#8
Seed · Tallinn, Harju County · founded 2021 · 14 employees
$288.3Kraised
▾

Provider of drug pharmacovigilance solutions for pharmaceutical industries. The company automates pharmacovigilance from global and local literature monitoring to regulatory tracking and case management. Cost-effective, regulatory-compliant, and powered by AI. It help PV teams save time, stay compliant, and never miss a safety signal.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 10k LinkedIn followers — 14.7% of this cohort's audience
Funding rounds
  • Aug 2023Seed—
  • Mar 2022Grant (prize money)—
  • Dec 2021Seed$288.3K
Founders & team
Artem HorilykCo-Founder & CPODmytro HorilykCo-Founder & CEOMiroslav DemchunCo-Founder & CTO
Investors
Think Bigger Capital, Farmak, Google for Startups, New Nordic Ventures, Dean Village
Tech stack
All In One SeoAnime.JsCloudflareCloudflare Bot ManagementCookieyesCore-Js
#9
Seed · Tallinn, Harju County · founded 2018 · 9 employees
$2.2Mraised
▾

Provider of white labeling platform proofing health insurance businesses. It is a healthcare technology platform gives insurance providers, doctors, patients, clinics, and companies a single solution that encompasses every factor of healthcare in order to improve access, convenience, and affordability of healthcare in a globally interconnected world.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 7k LinkedIn followers — 10.3% of this cohort's audience
Funding rounds
  • Mar 2020Angel$2.2M
Founders & team
Michael BitzerCo-CEORaul KalloCEO
Investors
Armada Capital, Crevi Investeeringud, VK FOODS, Lobiusala, Thunersee Invest, Hammarnaset
Tech stack
Amazon CloudfrontAmazon Web ServicesApple Icloud MailCloudflareCore-JsGoogle Analytics
#10
Seed · Tallinn, Harju County · founded 2020 · 2 employees
$403.6Kraised
▾

Mobile-based application offering migraine treatment solutions for doctors and patients. The digital headache clinic provides treatment solutions for patients from healthcare practitioners. Specialists are provided with evidence-based migraine decision support tools for improved patient engagement.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers — 2.7% of this cohort's audience
Funding rounds
  • Jan 2022Seed$403.6K
Investors
Health Founders, Effo, Rhodium Ventures
#11
Funding Raised · Tartu, Tartu · founded 2006 · 1 employees
$170.5Kraised
▾

Quretec offers clinical data management services and software solutions for bio banking, health registries, clinical trials, national statistics, bioinformatics, bio statistics, and other databases. Qure Data Management Platform is web based platform for collection, handling, and analysis of data. Qure Clinical suite includes clinical trial data management, electronic data capture and statistical analysis. It also offers bioinformatics services in through BIIT in collaboration with University of Tartu.

Funding rounds
  • Jan 2017Grant (prize money)$170.5K
  • Jan 2011Grant (prize money)—
Founders & team
Margus JagerCEO
Investors
Europa
#12
Deadpooled · Tallinn, Harju County · founded 2013
$147.1Kraised
▾

Provider of a platform for genomic data. It can be used to discover information about specific drugs, conditions, or triggers, which induce or repress genes of interest in a statistically significant manner and identify treatments to which genes of interest respond. It currently has 47,179 profiles from 8,318 experiments and has data from GEO, Array Express, Japanese Toxicogenomic Project, Connectivity Map, DrugMatrix.

Funding rounds
  • Jan 2016Seed$147.1K
Founders & team
Indrek VainuCo-FounderHendrik LuukCo-FounderViktor KikeristCo-Founder
Investors
Finodex Project

Funding & investor landscape

$24.6Mtotal disclosed funding
15companies funded
18disclosed rounds
0rounds last 90 days
Most active investors
Europa3 rounds
Kelnase Holding Company3 rounds
Startup Wise Guys3 rounds
EIC Fund2 rounds
Specialist2 rounds
Startupbootcamp2 rounds
AVentures Capital1 rounds
Anlo Invest1 rounds
Armada Capital1 rounds
Astren Invest1 rounds

Notable founders

Dmytro Fishman
Co-Founder · Better Medicine
Kerli Luks
CEO · Muun Health
Andreas Ellervee
Co-Founder · Menken Trials
Anna Parts
Co-Founder · Menken Trials
Andres Lasn Md
Co-Founder · Certific
Taavet Hinrikus
Co-Founder · Certific
Anna Strubel
Co-Founder & CEO · CARA
Keiro Vantsi
CPO and Co-Founder · CARA
Przemek Jaworski
Co-Founder & CTO · MX Labs
Remi Koscielny
Co-Founder & CEO · MX Labs
Artem Horilyk
Co-Founder & CPO · DrugCard
Dmytro Horilyk
Co-Founder & CEO · DrugCard
Prism market signals · Estonia · country-scoped Prism corpus, 83,912 docs

Market landscape — 10 sub-themes by coverage

Share of HealthTech coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · Estonia

How research on Digital Health is moving in Estonia

A read on the academic research around Digital Health — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 48 Estonia-affiliated papers.

research sentiment over time
202320252026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and steady — the enthusiastic (strongly-positive) share moved 41% → 40% across 2023–2026.
top research entities
  • Tallinn University of Technology14
  • University of Tartu12
  • Tallinn University8
  • National Institute for Health Development6
  • Ministry of Justice3
leading researchers
Marianne Paimre · Vladimir Tomberg · Heller, Richard F · Soukaina Rhazzafe · Fabio Caraffini · Simon Colreavy‐Donnelly · Younes Dhassi · Stefan Kühn
▲ Breakthroughs10 · 21%
▲ 0%→23% share
0 median citations100% since 2021mostly methods-led
Breakthroughs are rising (0%→23% of field), led by Health care.
rising sub-themes (early→recent)
  • Health care8
  • Psychological intervention2
  • Automatic summarization2
  • Medical diagnosis2
  • Medical record2
Newly emergingHealth care 0→8
Landmark Health Sense: development of a universal data model and a standard for continuity of treatment paths based on internatio · 1 cites
◆ Advancements8 · 17%
▲ 0%→14% share
2 median citations75% since 2021mostly empirical
Advancements are rising (0%→14% of field), led by Health informatics.
rising sub-themes (early→recent)
  • Health informatics4
  • Health care4
  • European union3
  • Public health2
  • Interpretability1
Landmark On the interpretability of machine learning-based model for predicting hypertension · 261 cites
▼ Concerns24 · 50%
▲ 0%→51% share
0 median citations92% since 2021mostly empirical
Concerns are rising (0%→51% of field), led by Public health.
rising sub-themes (early→recent)
  • Public health1→6
  • Health informatics2→5
  • Health administration1→4
Newly emergingHealth care 0→6
Landmark Nationwide citizen access to their health data: analysing and comparing experiences in Denmark, Estonia and Australia · 126 cites
RESEARCH HOTSPOTS · Estonia

Where digital health is researched across Estonia

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Tallinn48 · +0.05
Hot · Public healthAdvancing · Health careOpportunity · InteroperabilityConcern · Nursing research
Tartu13 · +0.24
Hot · Health careOpportunity · Health administration

Common questions

How many HealthTech companies are there in Estonia?
Radar tracks 138 indexable HealthTech companies headquartered in Estonia that meet our profile-completeness bar.
What is the total funding raised by HealthTech companies in Estonia?
The HealthTech companies in Estonia on this list have raised a combined $24.6M in disclosed equity funding across 15 funded companies.
Which is the highest-funded HealthTech company in Estonia?
Certific is the highest-funded HealthTech company in Estonia, with $7.7M in disclosed equity funding.
How many HealthTech companies in Estonia are funded?
15 of the 138 HealthTech companies in Estonia on this list have disclosed at least one equity funding round.
How many HealthTech unicorns are there in Estonia?
None of the HealthTech companies in Estonia on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Estonia HealthTech companies?
The most active investors in Estonia HealthTech companies on this list include Europa, Kelnase Holding Company, Startup Wise Guys, EIC Fund, Specialist.
Riya SenguptaFinancials

Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.

Coming soon