Estonia Startup Ecosystem Report

"While small, the Estonia startup ecosystem is growing very rapidly, building on the several success stories it has produced. Skype, the world’s largest P2P communications platform, is often considered the trigger of Estonia’s emerging startup ecosystem. Skype’s acquisition by eBay for $2.6 billion in 2005 put the Baltic state on the global map of innovation and fueled it with financial resources and startup experience. The FinTech startup TransferWise, among others, re-confirmed that Estonian startups can be globally competitive with a $58 million Series C round in January 2015 led by renowned Silicon Valley firm Andreessen Horowitz." Read more

Compass 3 Feb 2016