Last night, the recipients of the Estonian Startup Awards were announced, and Skeleton Technologies had the great pleasure of being awarded the ‘Revenue Hack’ award. This prize is a great recognition of the entire team’s performance and results last year and an excellent sign that the best is yet to come for Skeleton.

Estonian Startup Awards is a celebration of Estonian startup success stories, bringing together the community and inspiring the next generation of startup founders. Estonian Startup sector is one of the fastest growing branches of Estonian economy, steadily growing 30% year-on-year. There are over 1100 startups, employing 6500 people.

How do the organizers of the event find the best of the best? By engaging the public as well as a wide jury of experts: in autumn 2020, a public nomination round was launched to locate the most inspiring nominees; the final voting was based on a data-driven shortlist, carried out in January 2021 by a jury of 150+ Estonian founders.

The event was opened by the President of the Republic of Estonia, Kersti Kaljulaid, and hosted by Liis Narusk, co-founder and CEO of Certific, and Martin Villig, President of Estonian Founders Society and co-founder of Bolt.

Skeleton Technologies had the pleasure of being nominated in two categories: the ‘Revenue Hack’ category, which rewards startups with massive revenue growth in 2020, and, through our CEO Taavi, the ‘Founder of the Year’ category. In this category, Taavi was in the top 3, alongside the quintet from Pipedrive Timo Rein, Martin Tajur, Martin Henk, Urmas Purde, Ragnar Sass who successfully completed a $1.5B exit last year and of course won that award.

Skeleton was awarded the ‘Revenue Hack’ award and this award is particularly important because it rewards the entire Skeleton team. As Martin Villig said, it means "you have customers who believe in your business, who have a need and are willing to pay”. And the fact we increased our revenue three-fold in 2020 really confirms that. So, congratulations to the team, you all deserve that award thanks to your efforts, performance and results last year!

During his speech, Taavi explained that there is a great momentum for the cleantech sector, because of the urgency of the climate crisis and the huge interest from investors: “It has been an exceptional year not only for Skeleton but also for the entire cleantech sector. Because at the height of the pandemic, the world realized that Covid-19 is an enemy, but this is just the 1st round. The big fight is against a much bigger opponent: climate change.”

As we often say, from a business perspective, cleantech is the biggest opportunity since the invention of the Internet. Therefore, we are very confident 2021 will be even more successful for Skeleton.