Estonian start-up stories by Toivo Tänavsuu
Estonian state-funded VC, Estonian Development Fund promises to double its investments portfolio by the end of 2010. Ten new investments into technology companies are currently in pipeline, with total amount of money to be invested reaching over 50 million EEKs (3,2 million EUR). Estonian Development Fund was established few years ago. Benchmarking the Finnish SITRA model [...]
When someone asks about the most successful Estonian Internet business, the answer would probably be Skype, with over 400 million subscribers. But how about start-ups? Fortumo, Edicy and UDC stand out as most promising ones. Let’s take a look at these companies and compare them in a subjective way.
Heikki Haldre, Founder of Massi Miliano, that received in total 4,85 million EEK from the fund for its virtual fitting-room project Fits.me: “Thanks to Estonian Development Fund we have received an advantage considering our further development. Preferably the investor needs to provide more than just money, he needs to support defining strategy and he also needs [...]
In: Companies
13 Aug 2008Estonian cat-dog social network United Dogs and Cats is creating huge waves in Latin-American countries such as Colombia, Chile and Venezuela. Manager of United Dogs and Cats, Ragnar Sass says in Colombia alone the company’s Spanish sites have 20 000 users, in Chile and Venezuela there are approximately 10 000 users. 3000 new registered users are added in [...]