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Bilt.me raises $700k, backed by Superhero Capital, Villig and Sokk

Bilt.me raises $700k, backed by Superhero Capital, Villig and Sokk

TALLINN - AI-native mobile app developer, Bilt.me has raised $700,000 in a pre-seed funding round led by Superhero Capital, including Bolt founder Markus Villig and Lightyear founder Martin Sokk. The app for creating apps was founded in August 2025 by three guys in their 20s - Uku Joost

SmartCap announces Patrik Louko as new CEO

SmartCap announces Patrik Louko as new CEO

SmartCap, Estonia’s state-owned fund manager, has announced its new CEO. Patrik Louko will step into the vacant position, replacing Sille Pettai. Louko brings 20 years of experience in investment, venture capital, and growing technology companies. Since 2023, he has served as Chief Investment Officer at the University of

Pipedrive acquires Outfunnel

Pipedrive acquires Outfunnel

“Mostly relief and joy, a slice of pride, but also side tastes of regret and even fear,” says Andrus Purde about his ‘cocktail of emotions’ upon closing the deal to sell Outfunnel to Pipedrive. “I added the last signature to the last document to be signed, went for a quick

Ross Allen joins Hypersonica in defence tech move

Ross Allen joins Hypersonica in defence tech move

The much beloved former UK Ambassador to Estonia, who left our shores only a month ago, has announced his new gig and it’s in a defence tech startup. Taking to LinkedIn yesterday Ross Allen said that his new role is Government Affairs Director UK Hypersonica, an Anglo-German defence

Burn rate to surge this week in Estonian startups

Burn rate to surge this week in Estonian startups

As Estonian founders migrate to the countryside for the next few days, there is to be increased burn rate activity. The Fomo team wants to wish our readers a Head jaanipäeva! May your fires burn well and your (non alcoholic or alcoholic) drinks be cold!

CloserAI wins AI agents hackathon

CloserAI wins AI agents hackathon

On a June Friday evening in Tallinn, 13 teams stood up to pitch at the end of a hackathon. Unusually, the participants didn’t have that dishevelled look of teams who hadn’t slept in beds for a few nights; this hackathon had a rather different vibe. The Elnora and

Estonian startups bring home awards from Deep Tech Atelier

Estonian startups bring home awards from Deep Tech Atelier

RIGA — Estonian deeptech companies secured victories at the Deep Tech Atelier 2026 pitching competition, capturing top category awards and prominent corporate prizes at the Baltic region's flagship deep-tech event. The conference, which concluded this week, drew more than 2,300 registered participants representing 69 countries. The annual