dashing through the land of unicorns Hey, y’all! As the holiday season is upon us, we would like to acknowledge everyone who helped us take the Estonian startup ecosystem to new heights! We're in awe of our beloved startup community for boosting the entrepreneurial spirit and inspiring us stronger with your efforts to shape a brighter future for the ecosystem! Our thoughts turn gratefully to all of you for supporting us and the end of the year brings no greater joy than the opportunity to send best wishes for the holidays and New Year! We're looking forward to sharing even more breathtaking ecosystem milestones with the most wonderful startup community next year! In the meantime, read on to get your fresh batch of the latest Estonian startup ecosystem news while we're preparing to kick off 2022 with renewed vigor!  State of European Tech 2021 
The report is a barometer of the progress charted by European tech in 2021, covering 500+ insights from talent and funding to the future growth of the tech sector. Find how Estonia retained its place as the most entrepreneurial country in Europe and discover more fun facts in the fresh must-read report.  Highlights of the recent Startup Estonia events 
We brought back the second edition of our pitching event, "Symbiosis Vol.2," to help startups spark closer connections with Estonian support organizations and serve as a launchpad for mutually beneficial collaborations! We were also very excited to hold the last Startup Community meetup of 2021 and recap the past year together with our dear community members. Also, check out the candid moments captured during the latest Global Founders in Estonia meetup that consisted of a pitching training and an icebreaking networking party in heartwarming Estonian saunas.  Brief recap of investment news 
By the end of the year, there had been a slowdown in investments plowed into Estonian startups, but notably, it didn't negatively affect their size. At the end of November, Gelatex has bagged €1.2M in seed investment from Change Ventures and Crosslight Partners to make cell-cultured meat production 90% cheaper. Over the same period, Estonian-based GScan, a deeptech company that develops cosmic ray 3D scanners, closed a €500K investment round to improve security and cargo scanning. December was not very fruitful on investments compared to the previous month so far. Beast, a fully automated Tesla rental service, successfully attracted over €1.5M to accelerate expansion, while Estonian startup Teamscope raised €1.3M to expand its executive hiring SaaS platform. Wishing you and your loved ones well-deserved downtime and a very happy new year to come! Happy Holidays from everyone at Startup Estonia! | 
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