Estonian ecosystem impresses again: $6.25 million raised by startup Testlio

     Last week a Tallinn-based startup, known as Testlio, shared great news about their Series A investment round equal to $6.25 million! Vertex Ventures and Altos Ventures from California are leading this amazing deal.      Founded in 2012 by Kristel Viidik and Marko Kruustük, Testlio unites an international group of experienced QA professionals who work together on software testing. The interesting fact is Testlio is an already profitable company with a 500% growth rate, so the Series A might be not as essential as it usually is for most startup companies. According to Testilo’s CEO Kristel Viidik, the…

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FlyCap and Hanzas Elektronika: new investment deal shaking Latvian ecosytem
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      FlyCap is a large venture fund in Latvia, supporting local small and medium enterprises with already established business models and also eager to back startups possessing a ready viable product. The fund provides various forms of investments in equity and capital. Recently FlyCap has invested in Hanzas Elektronika and thus brought 600 000 euros to the grand manufacturer of smart drones AirDog.      Hanzas Elektronika is one of four legal equities belonging to HansaMatrix Company, the leading electronics producer in the Baltic States. In 5 years, Hanzas Elektronika has demonstrated an impressive growth rate and managed to…

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