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Even though the total amount of investments in Estonian startups has decreased, they have generated over €1 billion in turnover, employ nearly 10,000 people and have paid €108 million in employment taxes.
Estonian startups paid €40 million in employment taxes in the first quarter of 2022, generated €417 million in turnover and raised €907 million in investments; the 1,363 startups in the Estonian Startup Database offer almost 9,000 jobs.