Estonia startup funding in H1 2014

European tech funding raised by Estonia startups during H1 2014.

In H1 2014, 21 startups in Estonia closed 24 funding rounds and raised €45M in equity funding (excluding debt and grants), up 92.2% versus H1 2013. 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

€45M

+92.2% vs H1 2013 · excl. debt & grants · +€649k debt

Funding rounds

+300.0% vs H1 2013

Companies

Top sector

Software

Rank in Europe

#14

1.1% of European funding

Debt financing

€649k

1.4% of total

Top-10 round share

92.6%

of disclosed capital

Funding by month

€ raised vs rounds, by month

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

Top sectors

by € raised

Data table

	Estonia — top sectors by capital, H1 2014
Fintech	€34M
Software	€5.7M
Gaming	€1.3M
Edtech	€943k
Healthtech	€664k
Cybersecurity	€600k
Media	€508k
Agritech	€500k

Stage mix

by € raised

Data table

	Estonia — stage mix, H1 2014
Series B	€18M
Early VC	€15M
Other	€8.5M
Seed	€3.3M
Debt	€649k

Top deals

largest disclosed rounds in H1 2014

Company	Stage	Date	Amount
Wise	Series B	Jun 2014	€18M
AASA Global	Early VC	Mar 2014	€15M
Yoga.ee	Other	Jan 2014	€2.3M
ZeroTurnaround	Other	Jan 2014	€2.2M
Relax Gaming	Other	Jan 2014	€1.3M
Lingvist	Seed	Apr 2014	€943k
PlanetOS	Other	Jan 2014	€715k
SelfDiagnostics	Debt	Feb 2014	€649k
Defendec	Other	Feb 2014	€600k
Leaf Media Group	Seed	Jan 2014	€508k
Funderbeam	Seed	May 2014	€500k
VitalFields	Seed	Jan 2014	€500k
Funderbeam	Other	Feb 2014	€500k
cloutex	Seed	Jan 2014	€435k
Fleep	Seed	Mar 2014	€360k

View all 24 Estonia deals in H1 2014 →

Top investors

most active in H1 2014, by deal count

← All 2014 Estonia funding