Estonia startup funding in 2014
European tech funding raised by Estonia startups during 2014.
In 2014, 37 startups in Estonia closed 46 funding rounds and raised €60M in equity funding (excluding debt and grants). Debt rounds added €649k. Software was the most active sector, and Jaan Tallinn was the most active investor. Data as of 6 Nov 2026.
Equity funding
€60M
excl. debt & grants · +€649k debt
Funding rounds
46
Companies
37
Top sector
Software
Estonia: last three years
change vs the year before| Year | Equity | Change | Rounds | Change | Debt |
|---|---|---|---|---|---|
| 2012 | €1.4M | -24.7% | 5 | +0.0% | — |
| 2013 | €29M | +1962.6% | 17 | +240.0% | — |
| 2014 | €60M | +102.9% | 46 | +170.6% | €649k |
Rank in Europe
#15
0.6% of European funding
Debt financing
€649k
1.1% of total
Top-10 round share
84.0%
of disclosed capital
Funding by month
€ raised vs rounds, by monthEstonia — funding by month, 2014 — interactive chart.
Data table
| Funding | Rounds | |
|---|---|---|
| Jan | €8.6M | 12 |
| Feb | €2.1M | 6 |
| Mar | €15M | 2 |
| Apr | €1.0M | 2 |
| May | €500k | 1 |
| Jun | €18M | 1 |
| Jul | €4.3M | 2 |
| Aug | €909k | 5 |
| Sep | €1.9M | 1 |
| Oct | €1.6M | 6 |
| Nov | €750k | 2 |
| Dec | €4.8M | 6 |
Top sectors
by € raisedEstonia — top sectors by capital, 2014 — interactive chart.
Data table
| Estonia — top sectors by capital, 2014 | |
|---|---|
| Fintech | €35M |
| Software | €10M |
| Energy | €4.3M |
| Cleantech | €3.9M |
| Transportation | €2.3M |
| HRtech | €2.2M |
| E-commerce | €1.9M |
| Travel | €1.7M |
Stage mix
by € raisedEstonia — stage mix, 2014 — interactive chart.
Data table
| Estonia — stage mix, 2014 | |
|---|---|
| Series B | €18M |
| Other | €15M |
| Early VC | €15M |
| Seed | €5.5M |
| Series A | €5.3M |
| Debt | €649k |
Largest equity rounds
by disclosed amount, 2014| Company | Stage | Date | Amount |
|---|---|---|---|
| Wise | Series B | Jun 2014 | €18M |
| AASA Global | Early VC | Mar 2014 | €15M |
| Skeleton Technologies | Series A | Jul 2014 | €3.9M |
| ZeroTurnaround | Other | Dec 2014 | €3.3M |
| Yoga.ee | Other | Jan 2014 | €2.3M |
| ZeroTurnaround | Other | Jan 2014 | €2.2M |
| Teleport | Seed | Sep 2014 | €1.9M |
| Taxify | Series A | Dec 2014 | €1.4M |
| Relax Gaming | Other | Jan 2014 | €1.3M |
| Lingvist | Seed | Apr 2014 | €943k |
Largest debt rounds
debt financing, 2014; not in the equity total| Company | Stage | Date | Amount |
|---|---|---|---|
| SelfDiagnostics | Debt | Feb 2014 | €649k |
Top investors
most active in 2014, by deal count- Jaan Tallinn5 deals
- SmartCap4 deals
- Startup Wise Guys3 deals
- Seedcamp2 deals
- TMT Investments2 deals
- Intertrust2 deals
- Matt Arnold2 deals
- Bain Capital Ventures1 deals
- Buildit1 deals
- DreamIt Ventures1 deals
Source: Tech.eu Funding Explorer · data as of 6 Nov 2026 · licence CC BY 4.0 · Methodology