Estonian startups received over 70 million euros in investment last year (4)

(Reuters/Scanpix)
1/29/2015 4:38 PM
Category: Economy

According to startup organization Garage48, Estonian startups raised over 70 million euros in funding in 2014, in 35 transactions.

7.1 million euros came from Estonian investors and the rest from international venture capital.

The biggest investments were raised by Tallinn-based AdCash advertising network, Estonian-founded, but London-based money transfer firm TransferWise, and virtual changing room developer Fits.me.

Smaller investments were received by an online language-learning platform Lingvist and taxi app Taxify.

S. Tambur

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