Reuno Segur

Two rounds.

We have done a pre-seed and now the first seed round just closed it.

We have also plug and play ventures from Silicon Valley.

How much was the seed?

It was 1 million US dollars.

Yes, actually 300,000.

You could say that, yes.

And really why Estonia started up so great is first, the amount of money raised versus the actual revenue.

There's a good balance between those two.

And also really thinking how much equity do we really need to give away?

How much capital do we really need?

Not taking less, not taking more.

So we did a very extensive analysis about that too.

Yep.

The range is pretty much true.

Yeah, as I said before, there were a lot of Unicorn and Sunicorn founders who are backing us from Estonia and the region, but the lead investor came from Central Europe, Czech Republic, because that's one of the key markets we want to enter and establish ourselves as dominant players and plug and play venture from Silicon Valley to bridge us in the next round to the big market we're after, the US market.

Well, the original unicorn was Skype.

Not many know that was Estonian.

But then we have Verif, which is a know-your-customer unicorn.

Then we have TransferWise, which is now called Wise for payments.