Estonian-founded cybersecurity training startup RangeForce raises $1.5 million

Tallinn and New York-based cybersecurity startup RangeForce has secured $1.5 million in a funding round led by Paladin Capital Group with participation from Trind Ventures. Gibb Witham from Paladin Capital Group will join the board of directors. RangeForce has created a learning platform that simulates cyber attack scenarios to teach and assess the skills of […]

Estonia’s WebARX raises a six-digit investment round for its web security platform

WebARX, an Estonian-founded web security startup has announced their second investment round. The six-figure investment was led by Spanish cybersecurity company Open Data Security and Estonia’s LIFT99. WebARX protects websites and customer data through a web security platform that provides firewall capabilities, software management, and continuous security monitoring and reporting. Currently, WebARX protects over 100,000 […]

Estonian ride-hailing startup Taxify becomes Bolt, reportedly looks for more funding

Tallinn-founded startup Taxify has announced its rebranding to Bolt, which is also the brand it’s been using for its electric scooter sharing platform. The company stated that removing the “taxi” from its name reflects that it’s moved towards becoming a broader transportation platform. Currently, Bolt’s offering includes ride-hailing with cars and motorbikes, as well as […]

2018: Records for the Estonian startup sector + a new wave of entrepreneurs in the community

(Editor’s note: This post was syndicated from the Startup Estonia blog, with permission) In summer 2018, we published our semi-annual statistics (see blogpost) where our seasonal startup entrepreneurs and investors were forecasting a record breaking year for the Estonian startup sector. As forecasted, 2018 brought us many good news, starting from welcoming our newest unicorn […]

Estonian online authentication startup Veriff acquires BrowserID

Tallinn-based online identity verification startup Veriff has acquired BrowserID, an Estonian network intelligence company, for an undisclosed amount. BrowserID will continue providing its services to existing clients, while its founder Argo Mändmaa will stay at Veriff as the fraud product manager. Founded in 2015, Veriff is an anti-fraud startup, which provides real-time ID, photo and […]

TransferWise opens an office and applies for a payment institutions licence in Brussels to avoid service disruption after Brexit

Estonian-founded and London-headquartered fintech company TransferWise has applied for a financial licence and opened a new office in Brussels. In case of a no-deal Brexit, a payment institution licence — something similar to an e-money licence — received in Belgium would ensure that TransferWise would be able to continue operating in the European Union thanks […]