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Women have established 196 startups in Estonia, about one-fifth of all Estonian startups; among them are also those companies where at least one of the founders is a woman, data from the Estonian Startup Database and Statistics Estonia shows.
A total of 2,983 women work in Estonian startups, which makes up 36 percent of the startup sector s employees, Startup Estonia and Kredex said.
In Estonian startup companies, most women work in various top specialist positions, where the share of women is 39 percent and the average gross salary reached €2,873 last year, according to Statistics Estonia.
The largest number of female founders of startups is in the fields of health and educational technology, with 30 percent and 28 percent, respectively. In third place is the field of communication with 23 percent.
Baltic startups defy pandemic, but struggle with diversity
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Startup space in Vilnius / BNS
Funding for startups in the Baltics has increased in 2020, despite the Covid-19 pandemic. A new report suggests that the region’s tech firms still have work to do when it comes to diversity, however, as entrepreneurs are overwhelmingly male and hailing from the three capital cities of Tallinn, Riga, and Vilnius.
The three Baltic states of Estonia, Latvia, and Lithuania may only have a total population of around six million people, but are nevertheless home to several unicorns.
Pipedrive, a cloud-based CRM tool, was the latest to reach unicorn status when its valuation was put at about 1.5 billion US dollars last month following a major investment from Vista Equity Partners, an Austin, Texas-based VC firm.