The Baltic countries – Latvia, Lithuania, and Estonia are conquering the European startup ecosystem. Many startups in the Baltics have progressed to a great extent and have turned into unicorns. What’s interesting is that there is noticeable growth in all three countries in recent years. Being home to over 6 million people, the Baltics has a relatively higher number of startups per capita than other European regions.
One of the driving factors behind the success of Baltic startups is the recognition from the government. All three countries in the region have launched initiatives such as Startup Visa, which lets non European founders create and grow their businesses.