Elisabeth Braw, Newsweek April 15, 2015
Last month, the Estonian tech startup Testlio.com received $1m (945,000) in seed funding from US investors. Despite the fact that Estonia has a population of just 1.25 million, the funding was business as usual. A few weeks earlier, Testlio’s fellow Estonian startup Bondora.com had received €4.5m in venture capital funding from US investors, while Transferwise.com received €48m from Richard Branson, Silicon Valley king-maker and venture capital firm Andreessen Horowitz and Peter Thiel, co-founder of PayPal.
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Millions Invested In Estonian Startups After Boom in Tech Industry