# Top 20 Biotechnology Startup Investors in Estonia in June 2026

## Enterprise Estonia
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 3
- Stages: Grant, Seed, Pre-Seed
- Focus: Biotechnology, Software, Mobile Apps

Enterprise Estonia (EAS), established in 2000, promotes business and regional development in Estonia. Enterprise Estonia is one of the largest institutions within the national support system for entrepreneurship, providing financial assistance, advisory, cooperation opportunities and training for entrepreneurs, research establishments, public andthird sector.

## Prototron
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 3
- Stages: Pre-Seed, Grant, Seed
- Focus: Software, Manufacturing, Internet of Things

Prototron is a start-up fund that gives money to teams for turning their great ideas into the first working prototype. Founded in 2012 by Swedbank, Tallinn Technical University and Tallinn Science Park Tehnopol. We finance teams with high growth potential in areas of Greentech, Electronics, Mechatronics and ICT. We run 3-4 rounds of financingevery year. During last 5 years we've funded 58 startups with over 470'000€ in cash + coaching/incubation services. Our protfolio has generated >4,5 M€ revenue and raised >17'000'000€ capital. These results make Prototron the most productive pre-seed fund in Estonia. Do you want to be part of the success? We seek for: 
*) New start-up teams who need money for building a prototype. Apply for funding: www.prototron.ee 
*) Additional partners who want to be part of Estonia's next success stories.

## Nordic Foodtech VC
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Biotechnology, Food and Beverage, Life Science

We are investing in #FutureFood. Nordic FoodTech VC is the first fund in the Nordics investing explicitly in the future of food

## Voima Ventures
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Biotechnology, Health Care, Artificial Intelligence

Voima Ventures’ mission is to solve major global problems by combining science, entrepreneurship, and value adding capital. They shed light on the ideas and technology which require time and courage to build. Industry domains include bio and new materials, medical technologies and life sciences, imaging and optics, IoT and electronics, robotics,software & ICT and AI. In addition, Voima Ventures has invested in more than 30 deep tech startups, including companies like Solar Foods, Infinited Fiber Company, and Dispelix. Cornerstone investors are VTT Technical Research Centre of Finland and European Investment Fund (EIF), backed by Finnish private and institutional investors.

## Estonian Research Council
- Type: VC Fund
- Location: Tartu, Tartumaa, Estonia
- Relevant deals: 1
- Stages: Seed
- Focus: Biotechnology

Estonian Research Council is a government agency that promotes research funding, development, and innovation systems for society.

## European Investment Bank
- Type: VC Fund
- Location: Luxembourg, Luxembourg, Luxembourg
- Relevant deals: 1
- Stages: Debt Financing, Post-IPO Debt
- Focus: Biotechnology, Health Care, Energy

The European Investment Bank (EIB) offers lending, borrowing, and treasury services primarily within the European Union. It provides project loans for public and private sectors, loans to banks and intermediaries, structured finance products, guarantees, and securitization instruments for debts. Additionally, EIB offers equity and fund investmentproducts, including infrastructure and environmental funds, as well as venture capital funds. EIB also supports microfinance and risk-sharing finance for research and innovation, and provides technical expertise for sustainable energy projects. Its services include infrastructure advisory, urban development support, guarantees for transport infrastructure, and funding for public-private partnerships and small- to medium-sized enterprises. The bank serves various sectors, including transportation, energy, health, education, and agriculture.

## Domain Associates
- Type: VC Fund
- Location: San Diego, California, United States
- Relevant deals: 1
- Stages: Series B, Series C, Series A
- Focus: Biotechnology, Health Care, Medical

  
INVESTMENT ADVISORS TO THE FIRST VC FUND DEDICATED TO BIOTECH

INVESTMENT MANAGER OF 9 SUBSEQUENT BIOTECH VC FUNDS

## SOSV
- Type: VC Fund
- Location: Princeton, New Jersey, United States
- Relevant deals: 1
- Stages: Seed, Convertible Note, Pre-Seed
- Focus: Biotechnology, Health Care, Software

SOSV is a global, deep tech venture capital firm that operates the HAX and IndieBio startup development programs focused on human and planetary health. SOSV invests $500,000 in startups at their inception as they onboard either HAX or IndieBio for a 4-6 month period designed to accelerate the raise of their next institutional round. SOSV joins thelater rounds of HAX and IndieBio graduates.
HAX, based in a 35,000 sq ft facility in Newark, NJ, is equipped with machine tools, 3D printers, chemical, electrical and mechanical engineering labs, as well as on-staff engineering and design experts. SOSV's IndieBio has locations in NYC and San Francisco, both of which offer extensive services and facilities to founders including on-site BSL-2 labs, well equipped lab benches and hoods, and advanced lab equipment, such as chromatography equipment.

## AS AMALFI
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Biotechnology

AS AMALFI

## Specialist VC
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Artificial Intelligence

United Angels VC is an early stage venture capital fund based in Estonia.

## Timo Rein
- Type: Angel
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Angel, Convertible Note
- Focus: Software, Recruiting, Human Resources

Timo Rein - Co-Founder @ Pipedrive

## Johnson & Johnson Development Corporation
- Type: VC Fund
- Location: New Brunswick, New Jersey, United States
- Relevant deals: 1
- Stages: Series C, Series B
- Focus: Health Care, Biotechnology, Medical

JJDC, Inc. is the strategic venture capital arm of Johnson & Johnson Innovation. Learn more about our equity investment strategy.

## Siim Sikkut
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Biotechnology

Siim Sikkut

## Peep Vain
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Angel
- Focus: Software, Genetics, Recruiting

Peep Vain is the Private Investor at Vain and Partners. He attended Bentley University.

## Robert Laud
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Biotechnology

Robert Laud

## Change Ventures
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, Apps

We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.

## Crosslight Partners
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Biotechnology, B2B, Medical

Crosslight Partners is a growth equity firm. The firm invests in the environment, healthcare, impact, and technology sectors across Europe.

## UniTartu Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Biotechnology, Nanotechnology

UniTartu Ventures team up with early-stage deep tech investors to support the University of Tartu's connected researchers, startups, and spin-off’s growth.

## Johanna Britt Berzin
- Type: Angel
- Location: Tartu, Tartumaa, Estonia
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Biotechnology

Johanna Britt Berzin

## Hugues Flament
- Type: Angel
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Biotechnology

Hugues Flament

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