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Top 50 Blockchain VC Funds & Investors in Estonia (August 2026)

The most active venture capital funds investing in Estonia Blockchain startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Estonia Blockchain startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Cryptomeria Capital
VC Fund
5 Estonia, United States, Hong Kong Seed, Venture - Series Unknown Blockchain, FinTech, Cryptocurrency $1M–$12M
LD Capital
VC Fund
4 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Gaming $1.3M–$45M
AU21 Capital
VC Fund
4 United States, Singapore, India Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $1.1M–$14M
ZBS CAPITAL
VC Fund
4 United States, Singapore, United Kingdom Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $1M–$6M
Token Ventures
VC Fund
4 Estonia, Switzerland, France Seed, Pre-Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Web3 $650k–$3.5M
The Spartan Group
VC Fund
4 United States, Singapore, United Kingdom Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Software $1.5M–$32M
Mapleblock Capital
VC Fund
4 United States, Singapore, Switzerland Seed, Venture - Series Unknown, Series A Blockchain, Cryptocurrency, Gaming $1.8M–$22M
Taavet+Sten
VC Fund
3 United States, Estonia, Germany Series A, Seed, Series B Blockchain, Financial Services, Software $2.7M–$100M
Big Brain Holdings
VC Fund
3 United States, Singapore, United Kingdom Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Gaming $420k–$15M
MV Global
VC Fund
3 United States, United Kingdom, Hong Kong Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $100k–$60M
Oddiyana Ventures
VC Fund
3 Estonia, United States, China Seed, Venture - Series Unknown Blockchain, Gaming, Cryptocurrency $500k–$12M
Digital Strategies
VC Fund
3 United States, Singapore, Canada Seed, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $2M–$34M
Morgan Creek Digital
VC Fund
3 United States, Canada, Israel Seed, Series A, Series B Blockchain, FinTech, Financial Services $3.5M–$200M
CMT Digital
VC Fund
3 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Financial Services $2M–$40M
ChainGPT
VC Fund
3 Estonia, South Korea, United Kingdom Seed, Venture - Series Unknown, Grant Blockchain, Web3, Analytics $3M–$5.5M
Shima Capital
VC Fund
3 United States, Singapore, United Kingdom Seed, Pre-Seed Blockchain, Cryptocurrency, Gaming $1.2M–$11M
GSR
VC Fund
3 United States, Singapore, United Kingdom Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $1.5M–$50M
Serafund
VC Fund
3 United States, United Kingdom, Kenya Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Information Technology $650k–$50M
Jsquare
VC Fund
2 United States, France, Estonia Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Gaming $214k–$100M
TA Ventures
VC Fund
2 United States, Germany, India Seed, Pre-Seed, Series A Software, E-Commerce, Health Care $150k–$50M
Kyros Ventures
VC Fund
2 United States, Singapore, Vietnam Seed, Venture - Series Unknown, Series A Blockchain, Cryptocurrency, Gaming $50k–$50M
TrustPad
VC Fund
2 Singapore, India, Spain Seed, Initial Coin Offering, Venture - Series Unknown Blockchain, Gaming, Software $1.2M–$3M
Digital Finance Group (DFG)
VC Fund
2 United States, Singapore, Switzerland Seed, Series A Blockchain, Cryptocurrency, FinTech $1.3M–$32M
Monolith
VC Fund
2 United States Seed, Initial Coin Offering FinTech, Blockchain, Cryptocurrency $1.2M–$80M
BlackDragon
VC Fund
2 Singapore, India, France Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Financial Services $300k–$30M
Parachain Ventures
VC Fund
2 Estonia, Singapore, Israel Seed, Series A, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $1.3M–$14M
CMS Holdings
VC Fund
2 United States, Singapore, Hong Kong Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.7M–$21M
Genblock Capital
VC Fund
2 United States, Singapore, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $1.2M–$314M
Gains Associates
VC Fund
2 Singapore, Estonia, Germany Seed, Initial Coin Offering, Series A Blockchain, Cryptocurrency, Gaming $1.1M–$7.5M
Baboon.VC
VC Fund
2 Denmark, Estonia, Singapore Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Web3 $1M–$12M
Phoenix VC
VC Fund
2 United States, Estonia, India Seed, Initial Coin Offering Blockchain, Information Technology, FinTech $2.4M–$5.9M
Insignius Capital
VC Fund
2 France, United Kingdom, Canada Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Software $1.2M–$4.6M
DeltaHub Capital
VC Fund
2 Singapore, India, Estonia Seed, Pre-Seed, Series A Blockchain, Internet, Software $750k–$8.6M
BSCPad
VC Fund
2 Spain, Brazil, Panama Seed, Venture - Series Unknown Cryptocurrency, Gaming, Software $220k–$3M
DA GAMES OÜ
VC Fund
2 Estonia Seed, Pre-Seed Gaming, Blockchain, Cryptocurrency
Vespertine Capital
VC Fund
2 Estonia, Singapore, United Kingdom Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Gaming $285k–$8M
Spark Digital Capital
VC Fund
2 Singapore, United States, Hong Kong Seed, Pre-Seed Blockchain, Cryptocurrency, Information Technology $300k–$6.6M
Untapped Capital
VC Fund
2 United States, Mexico, Estonia Pre-Seed, Seed Artificial Intelligence, E-Commerce, B2B $415k–$3M
CoinFund
VC Fund
2 United States, United Kingdom, Canada Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.1M–$30M
Magnus Capital
VC Fund
2 United States, India, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $1.3M–$34M
DIGITAL ASSETS
VC Fund
2 Estonia Seed, Pre-Seed Gaming, Blockchain, Cryptocurrency
Fairum Ventures
VC Fund
2 United Kingdom, Israel, Estonia Seed Cryptocurrency, Blockchain, Information Technology $715k–$21M
Blocksync Ventures
VC Fund
2 Singapore, United Kingdom, Estonia Seed, Pre-Seed Blockchain, Cryptocurrency, Financial Services $50k–$5M
BULLS GSYO
VC Fund
2 Estonia Seed Web3, Blockchain, Consulting $185k–$200k
Blockwall
VC Fund
2 United States, France, United Kingdom Seed, Pre-Seed Blockchain, Cryptocurrency, Software $110k–$15M
Golden Egg Check Capital
VC Fund
2 The Netherlands, Germany, Canada Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $537k–$5.1M
Crypto3 Capital
VC Fund
2 Estonia, United States, India Seed, Series A Blockchain, Financial Services, FinTech $2.1M–$21M
Hartmann Capital
VC Fund
2 United States, Canada, Norway Seed, Pre-Seed, Series A Software, Virtual Reality, Gaming $150k–$8M
Draft Ventures
VC Fund
2 United States, Spain, Canada Seed, Pre-Seed, Series A Financial Services, Software, Apps $1.8M–$30M
NewTribe Capital
VC Fund
2 United States, Singapore, Switzerland Seed, Venture - Series Unknown, Series A Blockchain, Cryptocurrency, Information Technology $100k–$25M
Access all 302 VC funds in Estonia Blockchain startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Cryptomeria Capital
VC Fund · Singapore, Central Region, Singapore · 5 investments in Estonia Blockchain startups

We help you to enter the Chinese crypto market. We invest in blockchain projects.

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Investment focus

  • Industry: Blockchain, FinTech, Cryptocurrency
  • Stage:Seed, Venture - Series Unknown
  • Geography: Estonia, United States, Hong Kong

Investor stats

  • Total investments: 28
  • Round size: Seed $1M–$12M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • HolmesAI — Clone your intelligence to build the closest AI Agent to the real you. https://t.co/JFpIsFBHPb
  • SYNTRA — Live AI trading system. Real-time execution, risk-managed positions, public trade feed. Signals, performance, transparency.
  • Zoo Finance — Zoo Finance is a pioneering DeFi protocol focused on unlocking liquidity from locked assets, empowering users to access capital more efficiently while maximizing the utility of their on-chain holdings.
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LD Capital
VC Fund · Shanghai, Shanghai, China · 4 investments in Estonia Blockchain startups

LD Capital is one of Asia's earliest organizations focusing on value investing in blockchain field. Owing to industrial resource advantages and professional investment research teams, LD Capital has successively discovered and invested in projects such as Qtum, Vechain and Eos which all achieved over 100 times return.Their teams spread overChina, the United States, Europe, Singapore, Japan, and South Korea, and have accumulated rich experience in areas of traditional internet, Fintech, and advanced blockchain technology. They are committed to the globalization of blockchain and quality investment in the entire industry.LD Capital focuses on blockchain innovation projects within finance, games, content publishing, Internet of Things and other circuits, and we have been propelling broad layout of blockchain technology and infrastructure construction to facilitate the comprehensive development of the global blockchain ecosystem.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Series A
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 199
  • Round size: Seed $1.3M–$8.6M; Series A $2.5M–$45M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • DAOBase — DAOBase is an AI-powered data and infrastructure platform developed particularly for DAOs. By employing innovative algorithms, the company assists DAOs and voters in establishing on-chain and off-chain data reputation layers, allowing users to intelligently monitor DAO governance, make educated decisions, and investigate future job models.
  • Yellow — Yellow is a financial services provider of software, analytics, and investments in blockchain startups.
  • Konnex World — Building the GDP of autonomous systems. Turning robot labor into on-chain liquidity. $KNX
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AU21 Capital
VC Fund · San Francisco, California, United States · 4 investments in Estonia Blockchain startups

A fund dedicated to backing the most brilliant minds in the blockchain space

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Singapore, India

Investor stats

  • Total investments: 207
  • Round size: Seed $1.1M–$5.8M; Initial Coin Offering $1.2M–$14M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • PERL.eco — The Planetary Ecosystem Registration Ledger will be a dedicated blockchain for real-world ecological assets through tokenizing carbon credits and biodiversity, NFTs and decentralised (DeFi) rewards.
  • A-World — Welcome to Animal World, a battle game based on #BNBCHAIN's super metaverse card tower defense. By setting up a hero tower to destroy monsters.
  • NeuronX — The First AI-Driven Lending Protocol on @dfinity
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ZBS CAPITAL
VC Fund · Kyiv, Kyyiv, Ukraine · 4 investments in Estonia Blockchain startups

ZBS Capital - distinguished crypto venture fund, backed by major media resources including CryptoDiffer.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Venture - Series Unknown
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 159
  • Round size: Seed $1M–$6M; Venture - Series Unknown $1.3M–$6M
  • Lead/follow: 1% lead, 99% follow
  • Last fund: May invest from a new fund soon — raised $500k in 2017

Portfolio highlights

  • Yellow — Yellow is a financial services provider of software, analytics, and investments in blockchain startups.
  • KIP Protocol — KIP Protocol is a decentralised AI framework unlocking digital property rights of Knowledge Assets in the AI-powered future.
  • Alliance Games — Build Beyond Limits. Multiplayer for the Next, Decentralized Era.
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Token Ventures
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 4 investments in Estonia Blockchain startups

We see a bright future of blockchain-based technologies.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Estonia, Switzerland, France

Investor stats

  • Total investments: 9
  • Round size: Seed $650k–$3.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Elusiv — Elusiv offers compliance in mind with next-generation privacy solutions for a better Web3.
  • Blockmate — Connect millions of crypto users to your app with a single API
  • Teneo Protocol — Teneo Protocol is a decentralized physical infrastructure network (DePIN) initiative.
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The Spartan Group
VC Fund · Singapore, Central Region, Singapore · 4 investments in Estonia Blockchain startups

We advise, invest and build with the best entrepreneurs in Web3.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 234
  • Round size: Seed $1.5M–$10M; Series A $5.1M–$32M; Venture - Series Unknown $4M–$30M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $30M in 2021

Portfolio highlights

  • Solana — Solana is the high performance network powering internet capital markets, payments, and crypto applications. Fast. Decentralized. Scalable. Energy efficient. Solana can power thousands of transactions per second.
  • Saturn — Onchain Structured Digital Credit | Disciples of @Saylor | Incubated by @YZiLabs | Backed by @AD_VenturesX @SoraVentures @TheSpartanGroup
  • THEA-AI — AI that amplifies human performance
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Mapleblock Capital
VC Fund · Delhi, Delhi, India · 4 investments in Estonia Blockchain startups

Mapleblock Capital is an investment firm that exclusively consults and invests in crypto-assets and blockchain companies. It was founded in 2017 and is headquartered in Delhi, India.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: United States, Singapore, Switzerland

Investor stats

  • Total investments: 67
  • Round size: Seed $1.8M–$15M; Series A $3.2M–$20M; Venture - Series Unknown $5M–$22M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Vangrid — Vangrid operates as a decentralized physical infrastructure network.
  • Dow Protocol — An E-Commerce Financing RWA Platform on @BNBCHAIN, facilitating assets trusted by the world's largest banks. Lead invested by @mhventures @Maple_block
  • Fortune Protocol — Fortune Protocol brings the age- old tradition of fortune cookies to the modern prediction market.
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Taavet+Sten
VC Fund · 3 investments in Estonia Blockchain startups

Taavet+Sten is a partnership of founders backing founders with our own capital, analytical diligence and long term patience. We differentiate with hands-on experience scaling fast growing tech companies from Europe (such as Wise, Teleport/Topia, Skype), evergreen capital and flexibility across asset classes.We feel very comfortable in thecrazy futuristic early stage technology world, working with founders to build the future of money, future of work, future of mobility - and many other futures yet to be created. We often get involved in 250k-1m seed investments, but have the freedom to follow through all the way to IPO and beyond.We are not limited by any time-bound, or equity-only mandates as we don't have external investors, so we have the liberty to take positions in equity, debt, crypto tokens, real assets or any alternative financial instruments, if that helps the mission of our world-changing companies.

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Investment focus

  • Industry: Blockchain, Financial Services, Software
  • Stage:Series A, Seed, Series B
  • Geography: United States, Estonia, Germany

Investor stats

  • Total investments: 17
  • Round size: Seed $2.7M–$5.1M; Series A $13M–$100M; Series B $40M–$43M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Bob W — Book the smartest alternative to hotels and random rentals. Climate-neutral and locally designed apartments in handpicked districts. Stay days, weeks or months.
  • Insempra — What if we made as many cancer drugs next year as we have in the last decade?
  • Superfluid — Earn every second. Superfluid is the money streaming protocol, powering apps for earning, investing, and trading by the second onchain.
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Big Brain Holdings
VC Fund · Weston, Florida, United States · 3 investments in Estonia Blockchain startups

BBH Capital is a global investment firm identifying and supporting the most transformative companies across AI, Robotics, and next-generation infrastructure.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 192
  • Round size: Seed $1.7M–$10M; Pre-Seed $420k–$4M; Series A $9.9M–$15M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Derivio — Be early. Trade smarter. One terminal.
  • Watch.fun — Luxury watch drops. Win a Rolex for as little as $7, drops weekly. Certified by Wristcheck. Backed by @TheSpartanGroup @SolanaVentures @BigBrainVC and more...
  • Solana Company — Building the Preeminent Solana Treasury $HSDT
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MV Global
VC Fund · Central, Hong Kong Island, Hong Kong · 3 investments in Estonia Blockchain startups

Master Ventures is a blockchain focused venture studio. We combine visionary ideas, exceptional talent, and investment capital to invest and build the next generation of revolutionary blockchain businesses and products.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, United Kingdom, Hong Kong

Investor stats

  • Total investments: 90
  • Round size: Seed $1.1M–$8.6M; Initial Coin Offering $100k–$60M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — raised $30M in 2021

Portfolio highlights

  • 0G — The First Decentralized AI Operating System
  • Yellow — Yellow is a financial services provider of software, analytics, and investments in blockchain startups.
  • Mind Network — The 1st Fully Homomorphic Encryption (FHE) Restaking Layer for AI and POS Networks. Mind Network is backed by Binance Labs, Hashkey, Big Brain, Chainlink, etc.
Show all investments...

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Oddiyana Ventures
VC Fund · Seoul, Seoul-t'ukpyolsi, South Korea · 3 investments in Estonia Blockchain startups

Oddiyana Ventures is an investing firm focused on funding the innovation in the decentralization movement, Defi, NFT and web3 application, that are building game changing business models in the crypto space.

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Investment focus

  • Industry: Blockchain, Gaming, Cryptocurrency
  • Stage:Seed, Venture - Series Unknown
  • Geography: Estonia, United States, China

Investor stats

  • Total investments: 23
  • Round size: Seed $500k–$12M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • MemeFi — MemeFi is a blending of social technology with Web3 features on-chain Social Tech app might be focusing on integrating blockchain technology with social interactions, which could offer benefits like decentralization and enhanced privacy.
  • Cookie3 — Conversations, clicks, conversions. Every interaction and transaction, all in one platform. Track it all. From yaps to swaps, know what is driving results, which KOLs are pulling their weight, and activate your community. Data-driven insights, every step of the way.
  • Cookie3 — Cookie3 is an AI-driven MarketingFi platform bridging Web2 and Web3 by providing comprehensive analytics spanning off-to-on-chain data, applied across 12+ EVM blockchains to enhance user journey tracking, attribution, and campaign ROI. It includes tools like analytics dashboards, CRM, campaign manager, affiliate marketplace, reputation scoring, andan airdrop shield; all unified by its token and Cookie DAO for governance and user rewards. It empowers campaigns with AI insights, fraud protection, and a transparent, incentivized marketing economy.
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Digital Strategies
VC Fund · 3 investments in Estonia Blockchain startups

Blockchain investments & value-add advisory for frontier technologies.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 31
  • Round size: Seed $2M–$10M; Initial Coin Offering $5.5M–$34M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • XRADERS — Powering informed decision making for investors XRADERS
  • Root Protocol — ISME is building an operating system with the composition of an intent-centric aggregator of digital identity, virtual accounts, social graphs, and more to enable unified access to Web3.
  • TON Strategy Company — VERB Technology Company is a software-as-a-Service, or SaaS, applications platform developer. Its platform is comprised of sales enablement business software products marketed on a subscription basis. The applications are available in both mobile and desktop versions. It includes verbCRM, Customer Relationship Management application, verbLEARN,Learning Management System application, and verbLIVE, its Live Broadcast Video Webinar application.
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Morgan Creek Digital
VC Fund · Chapel Hill, North Carolina, United States · 3 investments in Estonia Blockchain startups

Morgan Creek Digital is a hedge fund backed by Morgan Creek Capital. Morgan Creek Digital specializes in the fields of digital asset management, financial services, and venture capital. It was founded in 2004 and headquartered in Chapel Hill, North Carolina.

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Investment focus

  • Industry: Blockchain, FinTech, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 46
  • Round size: Seed $3.5M–$14M; Series A $10M–$200M; Series B $7M–$155M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $80M in 2021

Portfolio highlights

  • Oxmiq Labs — Licensable GPU IP and a unified runtime for the age of inference. OXMIQ Labs is re-architecting the GPU stack from atoms to agents.
  • Venice — Private & Unrestricted AI | https://t.co/iIt1pyF1TK
  • Zap Solutions — Zap, the crypto wallet which allows users to purchase Bitcoin instantly via the Lightning Network
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CMT Digital
VC Fund · Chicago, Illinois, United States · 3 investments in Estonia Blockchain startups, 10 in the past 12 months

An exciting new iteration of our website is coming soon. CMT Digital is a blockchain and digital assets focused subsidiary of the CMT Group, a 24 year-old trading and investments firm. The CMT Group has operated as a valued partner to entrepreneurs, traders, and technologists

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 222
  • Round size: Seed $2M–$13M; Series A $5M–$40M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Derivio — Be early. Trade smarter. One terminal.
  • Tazapay — Experience Tazapay's best-in-class global payment solutions for businesses. Our extensive network supports cards, local payment options, and bank transfers in over 173 countries, ensuring seamless collections, secure holding, and efficient payouts worldwide.
  • DePay — DePay is an Argentina-based real-time payments infrastructure startup.
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ChainGPT
VC Fund · Delaware, Ohio, United States · 3 investments in Estonia Blockchain startups

Unleash the power of Blockchain AI with ChainGPT. An advanced AI model designed specifically for Blockchain Technology and Crypto related topics. It uses the latest algorithms and high speed computing capabilities, to address challenging issues in the Blockchain and Crypto space. Using ChainGPT, users may quickly obtain whatever knowledge andinformation they require. With many other unique features designed for individuals, developers, and businesses, ChainGPT is an essential tool for all that are in the Blockchain space. Among its unique features: Blockchain & Crypto information, no-code smart contract generator, smart-contract auditor, code debugger, code-to-words, documentation creator, chart analysis & technical analysis, AML features, Blockchain analytics, on-chain live data, source of news, and much more. By creating the most advanced AI model, we are offering users an unlimited amount of use-cases in which ChainGPT can be applied to. Our SDK & API service makes it possible to also develop new applications powered by ChainGPT, or integrating it to already existing applications. ChainGPT is backed by the CGPT utility token, which is required to access the variety of AI tools and products powered by ChainGPT. It's playing a big role in the ecosystem of ChainGPT.

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Investment focus

  • Industry: Blockchain, Web3, Analytics
  • Stage:Seed, Venture - Series Unknown, Grant
  • Geography: Estonia, South Korea, United Kingdom

Investor stats

  • Total investments: 6
  • Round size: Seed $3.2M–$3.3M; Venture - Series Unknown $3M–$5.5M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • BPMG — BPMG develops web3 platform for games.
  • Klink Labs — Klink enables weekly earnings on your deposit of up to $1M every week through its no-loss prize draws.
  • Cookie3 — Cookie3 is an AI-driven MarketingFi platform bridging Web2 and Web3 by providing comprehensive analytics spanning off-to-on-chain data, applied across 12+ EVM blockchains to enhance user journey tracking, attribution, and campaign ROI. It includes tools like analytics dashboards, CRM, campaign manager, affiliate marketplace, reputation scoring, andan airdrop shield; all unified by its token and Cookie DAO for governance and user rewards. It empowers campaigns with AI insights, fraud protection, and a transparent, incentivized marketing economy.
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Shima Capital
VC Fund · San Francisco, California, United States · 3 investments in Estonia Blockchain startups

Shima Capital is an investment fund that focuses on supporting blockchain startups. The firm is headquartered in San Francisco, California, United States.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Pre-Seed
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 293
  • Round size: Seed $1.5M–$11M; Pre-Seed $1.2M–$4.5M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Kapkap — Kapkap is a web3 platform that uses AI for attention based value distribution in gaming.
  • Almanak — Almanak is a decentralized finance (DeFi) smart agent platform that harnesses the power of artificial intelligence to automate, optimize, and intelligently manage a wide range of DeFi investment strategies. It enables users to create and deploy automated DeFi trading and risk-management strategies through coordinated AI agents. It provides anenvironment where AI handles strategy coding, backtesting across thousands of Monte Carlo simulations, optimization, risk monitoring, deployment via non-custodial Safe-based multisig accounts, and real-time performance monitoring with alerting capabilities. The platform supports seamless interaction with multiple blockchains and protocols via an LLM-powered interface.Almanak targets active DeFi participants, developers building financial applications, investment professionals, and users seeking automated portfolio insights. It emphasizes enhanced automation, continuous strategy execution, and adaptive automation driven by emerging AI techniques to respond to evolving market conditions.
  • Open Campus — The Open Campus is a community-driven protocol that leverages the power of blockchain and invites all to build the future of education by putting the power of learning back in the hands of educators, students, and the community.
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GSR
VC Fund · Wan Chai, Hong Kong Island, Hong Kong · 3 investments in Estonia Blockchain startups

GSR has nine years of deep crypto market expertise as a market maker, ecosystem partner and active, multi-stage investor. GSR sources and provides spot and non-linear liquidity in digital assets for token issuers, institutional investors, miners, and leading cryptocurrency exchanges. GSR employs over 300 people around the globe, and its tradingtechnology is connected to 60 trading venues, including the world's leading DEXs. We have a culture of approaching complex problems with tenacity and imagination. We build long-term relationships by offering exceptional service, expertise and trading capabilities tailored to the specific needs of our clients.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 229
  • Round size: Seed $1.5M–$12M; Series A $4M–$50M; Venture - Series Unknown $5M–$22M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Solana — Solana is the high performance network powering internet capital markets, payments, and crypto applications. Fast. Decentralized. Scalable. Energy efficient. Solana can power thousands of transactions per second.
  • Bundle — Bundle is the first networked rewards platform in the world, revolutionizing how companies interact with and reward their clients.Bundle provides companies with access to significantly more incentives than they could provide on their own by pooling brand incentive funds into common reward pools. Even though they only contribute a small portion ofthe total incentive value, brands can increase conversions.
  • TrueNorth — The first Agentic Brokerage - build your own professional trading desk
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Serafund
VC Fund · Vancouver, British Columbia, Canada · 3 investments in Estonia Blockchain startups

Backing the next wave of digital disruptors

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Kenya

Investor stats

  • Total investments: 53
  • Round size: Seed $1M–$20M; Pre-Seed $650k–$2.5M; Series A $7M–$50M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • pieverse — Pieverse is a Web3 platform that turns people’s time into tradable digital value.
  • Meridian — Meridian is a Movement-native decentralized liquidity marketplace and liquid staking system that allows users to trade and earn with their assets smoothly.
  • Movement Labs — Movement Labs is on a mission to create a global community of Move Builders, working together to improve decentralized network user experience.
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Jsquare
VC Fund · Singapore, Central Region, Singapore · 2 investments in Estonia Blockchain startups

Jsquare is a crypto investment and advisory company, aiming to be the top-tier investment institution in the blockchain industry.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, France, Estonia

Investor stats

  • Total investments: 36
  • Round size: Seed $2.5M–$8.6M; Pre-Seed $214k–$2M; Series A $5.2M–$100M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • GamerBoom — GamerBoom is an artificial intelligence-driven protocol for gaming data analytics, developed on the Solana blockchain.
  • MinionLab — Contribute to the Future of AI with MinionLab!
  • Rocket — simpler than options. more precise than prediction markets. built for every level of trader.
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TA Ventures
VC Fund · Frankfurt, Hessen, Germany · 2 investments in Estonia Blockchain startups

TA Ventures is a global, network-driven VC firm investing in early-stage tech startups that redefine the industries of tomorrow. We typically write initial checks of $100-250K for Pre-Seed and Seed companies and actively provide follow-on investments. We pride ourselves on swift execution, hands-on support, and leveraging our extensiveinternational network. By connecting our portfolio companies with growth-oriented co-investors, we help them scale effectively through subsequent funding rounds. Additionally, we draw on our deep industry expertise to offer portfolio companies and partner VCs access to top-tier, cost-efficient R&D talent.

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Investment focus

  • Industry: Software, E-Commerce, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Germany, India

Investor stats

  • Total investments: 255
  • Round size: Seed $580k–$6.1M; Pre-Seed $150k–$3M; Series A $2.5M–$50M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Willidrop — Willidrop is a B2B automotive logistics platform that optimizes cross-border vehicle transportation. The company provides a unified digital coordination layer that integrates real-time pricing, carrier matching, live tracking, and digital proof of delivery into a single workflow.
  • SpeedLabs — The real-time market engine and foundational AI for sports.
  • Native Commerce — A unified e-commerce platform combining CMS, OMS, WMS, Delivery & Logistics to help modern retailers operate, scale & deliver great e-commerce experiences.
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Kyros Ventures
VC Fund · 2 investments in Estonia Blockchain startups

We are the gateway of accessibility to Vietnam, the fastest-growing crypto market in the world.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: United States, Singapore, Vietnam

Investor stats

  • Total investments: 113
  • Round size: Seed $1.2M–$6M; Series A $1.5M–$50M; Venture - Series Unknown $50k–$10M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Portal to Bitcoin — The only custody-less interoperability protocol for Bitcoin. Swap native BTC, Ordinals, Runes with L2s and L1s
  • Euler — The credit layer for programmable finance
  • WorkQuest — About WorkQuest WorkQuest is a decentralized employment and workforce automation protocol enabling employers and workers to collaborate through smart contracts, stablecoin payments, AI matching engines, and on-chain reputation scoring. The platform transforms global employment into a transparent, verifiable, and borderless digital labor economy.
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TrustPad
VC Fund · 2 investments in Estonia Blockchain startups

TrustPad is a decentralized multi-chain fundraising platform enabling projects to raise capital and promise safety to early stage participants. Stake TrustPad tokens to get priority-access to promising projects.

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Investment focus

  • Industry: Blockchain, Gaming, Software
  • Stage:Seed, Initial Coin Offering, Venture - Series Unknown
  • Geography: Singapore, India, Spain

Investor stats

  • Total investments: 8
  • Round size: Seed $1.6M–$2M; Initial Coin Offering $1.2M–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • OneRare — Ranked crypto casinos for US players: Bitcoin, ETH, stablecoin support, no-KYC play, fast withdrawals, and honest coverage of the offshore grey area. Compare top picks now.
  • Wizardia — Wizardia develops an online P2E roleplaying strategy game with unique NFTs at its core. Wizardia is a blockchain-powered fantasy RPG and play-to-earn gaming ecosystem that combines strategy gameplay, NFTs, and token-based rewards. Set in a magical metaverse, players can battle opponents, complete quests, collect and trade NFT assets, and buildtheir own kingdoms. Powered by the $WZRD token, the platform offers immersive gameplay, staking opportunities, and a decentralized in-game economy for gamers and crypto enthusiasts alike.
  • Adroverse — Adroverse is a decentralized multi-chain initiative that creates a metaverse encompassing various decentralized games and applications.
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Digital Finance Group (DFG)
VC Fund · Singapore, Central Region, Singapore · 2 investments in Estonia Blockchain startups

Digital Finance Group (DFG) is a global blockchain and cryptocurrency investment firm. DFG was founded in 2015 and has assets under management of over $1 billion.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Switzerland

Investor stats

  • Total investments: 98
  • Round size: Seed $1.3M–$7.3M; Series A $1.9M–$32M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2019

Portfolio highlights

  • Redpill AI — Access 200+ AI models with privacy-first infrastructure. Private models in GPU TEE, OpenAI-compatible API, zero data retention.
  • Rivet.cloud (Formerly OpenRelay)
  • Karmine Corp — Karmine Corp is an esports organization that offers merchandise and competes in games like league of legends, trackmania, and others.
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Monolith
VC Fund · Dubai, Dubai, United Arab Emirates · 2 investments in Estonia Blockchain startups

Crypto Hedge Fund | DeFi farming, Prediction markets trading

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Investment focus

  • Industry: FinTech, Blockchain, Cryptocurrency
  • Stage:Seed, Initial Coin Offering
  • Geography: United States

Investor stats

  • Total investments: 16
  • Round size: Seed $1.2M–$80M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Kontos — A zk-powered omnichain abstraction layer. Omnichain and Gas Abstraction. Powered by @ZecreyLabs, backed by Binance Labs.
  • Grass — Affiliated with @grass
  • Engines of Fury — Scavenge, survive, build & thrive. F2P post-apocalyptic top-down extraction shooter, powered by a single deflationary token $FURY & NFTs.
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BlackDragon
VC Fund · Zagreb, Grad Zagreb, Croatia · 2 investments in Estonia Blockchain startups

BlackDragon is a decentralized blockchain-native fundraising group with dedicated in-house marketing, development, and research teams. We support the projects we invest in by providing invaluable resources in marketing, advisory, community growth, and access to our expansive, yet exclusive industry network.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Singapore, India, France

Investor stats

  • Total investments: 21
  • Round size: Seed $1.2M–$30M; Pre-Seed $300k–$3M; Series A $3.2M–$5.3M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Zizle — Zizle wants to use the Solana blockchain to transform social networking: better data privacy, decentralized governance, and more efficient revenue streams for consumers and producers. the platform's goal is to make social networking a more entertaining, healthy, and profitable environment.
  • MoreMarkets — Nuffle Labs develops NEAR Data Availability (DA) and the NEAR Fast Finality Layer (NFFL).
  • Folks Finance — Folks Finance is a permissionless DeFi lending platform where users can lend and borrow crypto across chains, access loans, and manage digital assets in one unified liquidity protocol.
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Parachain Ventures
VC Fund · 2 investments in Estonia Blockchain startups

Parachain Ventures is the investment branch of CryptoRank.io, a popular and well-respected analytics platform.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A, Initial Coin Offering
  • Geography: Estonia, Singapore, Israel

Investor stats

  • Total investments: 20
  • Round size: Seed $1.3M–$8.5M; Series A $5M–$14M; Initial Coin Offering $2.3M–$6.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Gamium — Gamium is a Web3 and Metaverse technology company building the truly Decentralized Social Metaverse.
  • IQ Labs — IQ Marketplace offers unique NFTs with exclusive utilities, boosting your in-game experience. With flexible renting parameters and multiple payment options, rent without collateral and unlock the full utility of NFTs. Say goodbye to gas fees with our gasless renting feature and multiply the value of NFT collections with our multi-utility renting. Explore now
  • The Unfettered — The Unfettered is a blockchain PC game.
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CMS Holdings
VC Fund · New York, New York, United States · 2 investments in Estonia Blockchain startups, 7 in the past 12 months

CMS is a principal investment company that focuses on investing in the crypto-asset ecosystem. The firm plans to invest in both liquid and illiquid crypto tokens, as well as equity interests in select businesses.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Hong Kong

Investor stats

  • Total investments: 178
  • Round size: Seed $1.7M–$7.5M; Series A $2.8M–$21M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Axis — Turning market inefficiencies into tokenized alpha. Backed by @galaxyhq, @FalconXGlobal, @okx.
  • Zoo Finance — Zoo Finance is a pioneering DeFi protocol focused on unlocking liquidity from locked assets, empowering users to access capital more efficiently while maximizing the utility of their on-chain holdings.
  • Hypernova — The onchain prop firm, built to back traders.
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Genblock Capital
VC Fund · San Francisco, California, United States · 2 investments in Estonia Blockchain startups

Genblock Capital invests exclusively in blockchain and cryptocurrency, with a focus on decentralized finance.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 141
  • Round size: Seed $1.2M–$8M; Initial Coin Offering $5M–$314M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • OX.FUN — Trade Bitcoin, Ethereum and trending altcoin derivatives on the most FUN exchange around. Join OX.FUN today and earn up to 200% yield. Moo.
  • AINN Layer2 — AINN Layer2 is a decentralized Bitcoin Layer2 network development.It promotes large-scale AI applications
  • Sanctum — Stake SOL and earn optimized LST returns from JupSOL, bbSOL, and more, and launch your own custom LST and Solana validator.
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Gains Associates
VC Fund · Paris, Ile-de-France, France · 2 investments in Estonia Blockchain startups

GAINS Associates accelerates early-stage startups by refining ideas, building strong foundations, and delivering powerful Whitelabel and SaaS solutions

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Initial Coin Offering, Series A
  • Geography: Singapore, Estonia, Germany

Investor stats

  • Total investments: 35
  • Round size: Seed $1.1M–$5M; Series A $3M–$5M; Initial Coin Offering $1.3M–$7.5M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • STAGE — Always-on music competitions powered by the blockchain. Vote for your favorite artists and share their success.
  • Aetherium X — AetheriumX is a Web3 platform combining DeFi, GameFi, NFTs, and prediction markets in one non-custodial ecosystem.
  • Mind AI — The first all-in-one platform with a private Data Layer of market intelligence.
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Baboon.VC
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 2 investments in Estonia Blockchain startups

Founded by a team of true blockchain and crypto veterans and enthusiasts, Baboon looks to fund founders that solve real-world problems to make a difference.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Denmark, Estonia, Singapore

Investor stats

  • Total investments: 21
  • Round size: Seed $1M–$3.3M; Pre-Seed $1.1M–$3M; Series A $2.5M–$12M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • BaseVol — Options Layer @base powered by 0DTE + AI Agents Base Batches 001 Winner | Backed by @neoclassiccap @virtuals_vc @altosvc & @base Grantee
  • Xross Road — Where Stories Come to Life and Evolve.
  • dKloud — We connect DePIN Ecosystem with Enterprise market opportunities. dKloud helps customers Build Better Software and more Efficiently through our products
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Phoenix VC
VC Fund · Dubai, Dubai, United Arab Emirates · 2 investments in Estonia Blockchain startups

Phoenix VC is a venture capital firm focused on blockchain technology and the digital currency ecosystem along with Market Development in the Middle East & Africa.

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Investment focus

  • Industry: Blockchain, Information Technology, FinTech
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Estonia, India

Investor stats

  • Total investments: 16
  • Round size: Seed $2.4M–$5.9M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Joystream — JoyStream is a blockchain powered decentralized media distribution, curation, discovery, and monetization platform.
  • Web3Auth — Web3Auth is simple, non-custodial auth infrastructure that enables Web3 wallets and applications to provide seamless user logins for both mainstream and native Web3 users.
  • Vee Finance — Bridge the gap between traditional banking and crypto Defi Earn fixed/flexible return on deposited assets
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Insignius Capital
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Estonia Blockchain startups

We are a thesis-driven investment firm focused exclusively on ventures, tokens, and projects related to blockchain tech, digital currency, and crypto assets. Our mission is to accelerate the development of a better financial system. We build and support bitcoin and blockchain companies by leveraging our insights, network, and access to capital.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: France, United Kingdom, Canada

Investor stats

  • Total investments: 15
  • Round size: Seed $1.2M–$4.6M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • TEN (Obscuro Labs) — The final network - a TEE-native execution layer for the new internet
  • Odsy Network — Odsy solves the "Access Control Problem" for Web3 builders with the revolutionalry dWallet concept. By powering the most secure, robust and flexible infrastructure for decentralized access control - Web3 can finally be connected to the real world.
  • Hackless — Hackless is a platform of security services and analytics for your DeFi protocol. The 1st out-of-the-box MEV-solution that helps to protect smart contracts from the hack attacks.
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DeltaHub Capital
VC Fund · 2 investments in Estonia Blockchain startups

DeltaHub Capital is a blockchain investments and portfolio management.DeltaHub Capital focuses on Rich discussions, smart fundraisings, spot-on technical analysis, deep fundamental analysis, project reviews, and much more.

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Investment focus

  • Industry: Blockchain, Internet, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Singapore, India, Estonia

Investor stats

  • Total investments: 11
  • Round size: Seed $750k–$8.6M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • InvArch — Invarch is an intellectual property ownership, utility and cross-chain authentication protocol for Web3.
  • FanAnywhere — Your one-stop blockchain solution for a celebrity to engage the fan base, exclusive Fan Tokens, exchange in FAW pairs & own exclusive celebrity artworks
  • Hackless — Hackless is a platform of security services and analytics for your DeFi protocol. The 1st out-of-the-box MEV-solution that helps to protect smart contracts from the hack attacks.
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BSCPad
VC Fund · 2 investments in Estonia Blockchain startups

The BSC Launch Pad is the first decentralized IDO platform for the Binance Smart Chain Network.

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Investment focus

  • Industry: Cryptocurrency, Gaming, Software
  • Stage:Seed, Venture - Series Unknown
  • Geography: Spain, Brazil, Panama

Investor stats

  • Total investments: 9
  • Round size: Seed $220k–$3M; Venture - Series Unknown $700k–$2.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Revomon — CA: 0xaab09b5cd1694d12c8c980306f5e2f5d65b00e1c Join the community here https://t.co/AkzLXfXr8s Backed by @Immutable
  • MonoPolist — MonoPolist offers a cross-platform gaming universe with NFT features and rewards players with MONO and MOB tokens.
  • Rise Of Defenders — Rise of Defenders is a very interesting Metaverse NFT game, you can use your creativity and tactical thinking to become an excellent player and receive extremely attractive rewards.
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DA GAMES OÜ
VC Fund · 2 investments in Estonia Blockchain startups

DA GAMES OÜ

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Investment focus

  • Industry: Gaming, Blockchain, Cryptocurrency
  • Stage:Seed, Pre-Seed
  • Geography: Estonia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Legends of Elysium — Legends of Elysium (LoE) stands out as one of the most difficult and complex online trading card games, combining deep strategic card play with hex-based board mechanics for a unique tactical experience. Players must navigate intricate deck-building, manage limited resources, and control the battlefield by terraforming lands to meet card requirements. The game challenges even seasoned players with dynamic unit movement, terrain control, and strategic hero selection, making it one of the hardest tactical card games online. Every decision impacts the outcome, demanding foresight, adaptability, and mastery of complex mechanics to achieve victory.
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Vespertine Capital
VC Fund · Flagtown, New Jersey, United States · 2 investments in Estonia Blockchain startups

Vespertine Capital is a blockchain advisory, investment, and education firm dedicated to helping early-stage crypto ventures drive digital innovation and real-world use cases using blockchain technology.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Estonia, Singapore, United Kingdom

Investor stats

  • Total investments: 20
  • Round size: Seed $285k–$7.7M; Pre-Seed $300k–$650k; Series A $3M–$8M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • CESS — CESS is a blockchain-based, decentralized Layer-1 infrastructure that integrates distributed storage, a high-speed content delivery network.
  • Dmail — Dmail Network is a decentralized mailbox that provides a safe and private environment for users' communication, storage, tokens, and NFTs. The company was founded by Mittal S. and Lucas L. in 2021.
  • Cumulus Encrypted Storage System (CESS) — CESS revolutionizes AI, DeSci, RWA, Enterprise, and more with secure, transparent, and traceable data solutions. Delivering AI computing and data infrastructure, CESS enables data privacy and sovereignty with a focus on AI Agent applications and frameworks.
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Spark Digital Capital
VC Fund · New York, New York, United States · 2 investments in Estonia Blockchain startups

Established in 2017, Spark Digital Capital is an NY based family office that invests in Blockchain-enabled companies. They firmly believe in a future where blockchain not only plays a significant role in the world but also creates unlimited efficiencies and opportunities to the society and people’s lives. With their teams' strong finance andtechnology background they aim to bring blockchain into prosperity.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Singapore, United States, Hong Kong

Investor stats

  • Total investments: 136
  • Round size: Seed $1.2M–$6.6M; Pre-Seed $300k–$1.5M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Zengo — Zengo is the most secure crypto wallet: The only self-custodial wallet with no private key vulnerability. Powered by MPC, always recoverable, never hacked.
  • DeepSafe — The world's first Cryptographic Random AI Verification Network for trustless verification of any on-chain and off-chain messages.
  • SecondLive — SecondLive is a diversified metaverse focused on building social networks and supporting creator economic activities.
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Untapped Capital
VC Fund · 2 investments in Estonia Blockchain startups

Untapped Capital is an early-stage venture capital firm.

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Investment focus

  • Industry: Artificial Intelligence, E-Commerce, B2B
  • Stage:Pre-Seed, Seed
  • Geography: United States, Mexico, Estonia

Investor stats

  • Total investments: 28
  • Round size: Seed $1M–$3M; Pre-Seed $415k–$1.8M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Clave — Chat with your data, get automated reports, and make better decisions for your restaurants.
  • RetentionZen — RetentionZen is the AI CSM. Our agentic platform pulls signal from Segment, Amplitude, Mixpanel, Stripe, Intercom, Zendesk, and your CRM to autonomously protect and grow revenue across every post-sales motion — churn defense, expansion, and closed-lost recovery. Built for CEOs and CROs who treat NRR as a first-class revenue function.
  • Loretta Technologies — Simplifying technology management for K-12 schools.
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CoinFund
VC Fund · Brooklyn, New York, United States · 2 investments in Estonia Blockchain startups, 7 in the past 12 months

CoinFund is where web3 capable meets web3 capital: cryptonative technologists who invest in the future before it's a trend.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 209
  • Round size: Seed $1.1M–$10M; Series A $7.3M–$30M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • EDGE Markets — The Financial Platform for Smart Bettors
  • Flying Tulip — Better Yield, Better UX
  • LI.FI — Advanced Bridge & DEX Aggregation - Drive multichain strategies with cross-chain data messaging and get users from everywhere.
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Magnus Capital
VC Fund · 2 investments in Estonia Blockchain startups

Magnus Capital is a crypto investment firm.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 86
  • Round size: Seed $1.3M–$7.5M; Initial Coin Offering $2.1M–$34M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Spicenet — Spicenet enables universal access to the top DeFi venues across all networks, creating better financial outcomes for all.
  • Real Finance — Real Finance is driven by the mission to revolutionize the financial landscape by integrating real-world assets with blockchain technology, creating a more transparent, secure, and efficient ecosystem that bridges traditional finance with decentralized innovation, enhances asset liquidity, and unlocks new opportunities for global investors.
  • WorkQuest — About WorkQuest WorkQuest is a decentralized employment and workforce automation protocol enabling employers and workers to collaborate through smart contracts, stablecoin payments, AI matching engines, and on-chain reputation scoring. The platform transforms global employment into a transparent, verifiable, and borderless digital labor economy.
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DIGITAL ASSETS
VC Fund · 2 investments in Estonia Blockchain startups

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Investment focus

  • Industry: Gaming, Blockchain, Cryptocurrency
  • Stage:Seed, Pre-Seed
  • Geography: Estonia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Legends of Elysium — Legends of Elysium (LoE) stands out as one of the most difficult and complex online trading card games, combining deep strategic card play with hex-based board mechanics for a unique tactical experience. Players must navigate intricate deck-building, manage limited resources, and control the battlefield by terraforming lands to meet card requirements. The game challenges even seasoned players with dynamic unit movement, terrain control, and strategic hero selection, making it one of the hardest tactical card games online. Every decision impacts the outcome, demanding foresight, adaptability, and mastery of complex mechanics to achieve victory.
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Fairum Ventures
VC Fund · 2 investments in Estonia Blockchain startups

Fairum is a Community which knows rapid growth. We are actively looking for strategic partnerships in the blockchain industry. We believe that blockchain technology can dramatically improve our lives and society. This improvement will be done by supporting projects that have a clear vision of the real economy and vibrate according to values such astransparency and connections between individuals.

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Investment focus

  • Industry: Cryptocurrency, Blockchain, Information Technology
  • Stage:Seed
  • Geography: United Kingdom, Israel, Estonia

Investor stats

  • Total investments: 11
  • Round size: Seed $715k–$21M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Solak — Solak is an AI browser and DeFi platform that is transforming the digital world.
  • Graviton Zero — Providing a surprisingly human shopping experience. Trusted and secure. Millions of domains to choose from.
  • Billionaire Plus — Billionaire Plus is a board game that combine NFT, Defi, collectibles and your journey.
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Blocksync Ventures
VC Fund · 2 investments in Estonia Blockchain startups

Blocksync Ventures is an Investment firm specialising in digital assets.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Pre-Seed
  • Geography: Singapore, United Kingdom, Estonia

Investor stats

  • Total investments: 55
  • Round size: Seed $1M–$5M; Pre-Seed $50k–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Enjinstarter — Web 3.0 Entertainment, Sports, Fashion, Metaverse, Social, Gamefi & Gamified Utility
  • Zeitgeist PM — Zeitgeist PM is a blockchain tech to facilitate prediction markets and the futarchy form of governance.
  • Genesis Shards — Crafting a whole new suite of NFT powered products across multiple blockchains
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BULLS GSYO
VC Fund · Besiktas, Istanbul, Turkey · 2 investments in Estonia Blockchain startups

Bulls Girişim aims to support the projects of visionary entrepreneurs with high growth potential and an innovative perspective.

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Investment focus

  • Industry: Web3, Blockchain, Consulting
  • Stage:Seed
  • Geography: Estonia

Investor stats

  • Total investments: 2
  • Round size: Seed $185k–$200k
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • GAMI — GAMI is a launchpad and an incubator platform that merges the gaming world with blockchain technology. Leading names of the gaming and blockchain industries participate in the platform as founders, advisors, and partners. Incubation prepares gaming projects for the launchpad by leveraging the opportunities offered by the blockchain technology.The aim of the launchpad is to connect with communities by successfully pitching projects to target audiences and access project funding.The primary purpose of the platform is to contribute to the development of the stakeholders in the gaming ecosystem by providing them with the innovative solutions offered by the blockchain technology.
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Blockwall
VC Fund · Frankfurt, Hessen, Germany · 2 investments in Estonia Blockchain startups

Thesis-driven, industry-focused and independent blockchain investment firm funding the development of Web 3.0 and decentralized technologies from the heart of Europe, Frankfurt - Germany

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Pre-Seed
  • Geography: United States, France, United Kingdom

Investor stats

  • Total investments: 50
  • Round size: Seed $2.1M–$15M; Pre-Seed $110k–$3.5M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Flyra — Flyra is the stablecoin and AI-powered operating system for remittance. We connect earn, cross-border transfer, and everyday spending in a single programmable flow. Senders move money directly from earnings. Receivers tap a stablecoin wallet with instant cards, bill pay, and rewards. Available directly to individuals through WhatsApp or the Flyramobile app, and built to embed inside leading platforms, from work marketplaces to global financial brands. The first version of the platform is set to launch in 2026.
  • KIRHA — Context-as-a-Service (CaaS) for AI systems. Real time data streaming from trusted providers. https://linktr.ee/Kirha_AI
  • Kulipa — Kulipa provides the underlying infrastructure to settle global payments, manage stablecoin accounts, and issue cards - all through a unified, compliant stack. Grow revenue with debit cards. Boost acquisition with white-labelled accounts & cards. Scale faster with global payment products.
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Golden Egg Check Capital
VC Fund · Enschede, Overijssel, The Netherlands · 2 investments in Estonia Blockchain startups

Het venture capital fonds van Golden Egg Check investeert samen met de beste angels en VCs in snelgroeiende techbedrijven.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: The Netherlands, Germany, Canada

Investor stats

  • Total investments: 39
  • Round size: Seed $1.1M–$5.1M; Pre-Seed $537k–$1.3M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: Likely still investing — raised $511k in 2022

Portfolio highlights

  • Orq.ai — Orq.ai is the platform to build, ship, and scale AI fast and in control. Give your teams one secure place to develop, test, deploy, and monitor GenAI applications.
  • Peak Quantum — Peak Quantum focused on developing inherently error-protected superconducting quantum processors (QPUs).
  • Circle Health — Your partner for holistic health.
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Crypto3 Capital
VC Fund · Grand Cayman, Midland, Cayman Islands · 2 investments in Estonia Blockchain startups

Damo Labs is a blockchain venture capital institution focusing on value investment

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Investment focus

  • Industry: Blockchain, Financial Services, FinTech
  • Stage:Seed, Series A
  • Geography: Estonia, United States, India

Investor stats

  • Total investments: 14
  • Round size: Seed $2.1M–$21M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Cookie3 — Conversations, clicks, conversions. Every interaction and transaction, all in one platform. Track it all. From yaps to swaps, know what is driving results, which KOLs are pulling their weight, and activate your community. Data-driven insights, every step of the way.
  • Deliq Finance — Deliq Finance is a decentralized liquidity provisioning protocol that provides outsourcing services for the Avalanche ecosystem.
  • Swell — Swell is the restaking chain, powered by Proof of Restake. The protocol is backed by the industry's best venture capital firms and angels.
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Hartmann Capital
VC Fund · Boca Raton, Florida, United States · 2 investments in Estonia Blockchain startups, 6 in the past 12 months

Hartmann Capital offers one of the world's first crypto hedge funds to provide accredited investors exposure to Bitcoin and other digital assets in the virtual currency space.

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Investment focus

  • Industry: Software, Virtual Reality, Gaming
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Canada, Norway

Investor stats

  • Total investments: 40
  • Round size: Seed $850k–$8M; Pre-Seed $150k–$3.3M; Series A $500k–$5M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Ludus AI — Ludus AI is a technology company introducing a next-generation solution for the 3D game and visualization industry. The startup, founded by Piotr Penar, former CEO of DreamStorm Studios, aims to facilitate the creation of high-quality content in Unreal Engine by using artificial intelligence.Unreal Engine, although recognized as the best tool forcreating 3D experiences, presents significant challenges for creators. Complicated documentation and complex processes often lead to extended production times and increased costs. Ludus AI was created in response to these problems, resulting from the founder's direct experience in managing a 60-person team of developers during a 9-year journey through the gaming industry and working on projects for Microsoft, Google and UPS.We've created a comprehensive set of tools that significantly speed up work in Unreal Engine, offering users not only the basic capabilities offered by AI technology, such as project and blueprint analysis, but also the innovative ability to automatically create objects in virtual space based solely on a description.Ludus AI solutions are used in many industries. Game studios can significantly accelerate the development process of projects, architectural firms gain the ability to quickly create interactive visualizations, and the training and simulation sector can more effectively create advanced training environments. The technology also works in the automotive industry in the design of user interfaces and in film production in the creation of virtual film sets.We're building tools that we needed ourselves when running a game studio. The reality is that many teams can't afford to hire senior Unreal developers, yet they need to deliver high-quality projects. Our tools bridge that gap, making professional-grade development accessible to teams of any size.The company, which recently released the first version of its solution, is already attracting the attention of the industry, has over 5,000 users and plans further expansion into international markets. We secured our first investors with 1,000,000 PLN in funding, including Hartmann Capital and one private-equity investor. We also joined the EU’s top Concordia Design Accelerator. In the coming months, Ludus AI will focus on the stability of its product, adding more features to its assortment and developing its most frequently used and most effective tool, which is the creation of 3D objects by description.
  • Paradromics — Paradromics is bringing to market the first high data rate interface between brains and computers to create a new industry where medical challenges are met with technical solutions
  • Foundational Bio — Foundational Bio is building a self-driving lab: an AI-native, fully automated laboratory that replaces manual workflows to dramatically increase the speed and reliability of life-science experimentation.
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Draft Ventures
VC Fund · San Francisco, California, United States · 2 investments in Estonia Blockchain startups

A venture fund & venture studio by Artia Moghbel & David Rodriguez. Investing in, incubating, and advising pre-seed & seed stage companies.

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Investment focus

  • Industry: Financial Services, Software, Apps
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Spain, Canada

Investor stats

  • Total investments: 36
  • Round size: Seed $2.5M–$6M; Pre-Seed $1.8M–$4.4M; Series A $7.8M–$30M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Mesta — Mesta combines traditional banking with blockchain technology to provide seamless cross-border payments, enabling businesses to process global transactions efficiently and securely.
  • Bitfinity Network — Bitfinity is a blazingly-fast, next-gen EVM Network, serving as a Layer Two for Bitcoin - utilizing threshold signatures for security. Deploy advanced Solidity smart contracts with ease, and interact with Bitcoin, Bitcoin Runes and the cross-chain.
  • Bright Harbor — Your personalized disaster recovery specialist.
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NewTribe Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 2 investments in Estonia Blockchain startups

NewTribe Capital specializes in early-stage Web3 blockchain investments in Asia, Europe, and MENA. Discover our portfolio, team, etc.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: United States, Singapore, Switzerland

Investor stats

  • Total investments: 79
  • Round size: Seed $220k–$10M; Series A $19M–$25M; Venture - Series Unknown $100k–$10M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Rhuna — One white-label stack for payments, ticketing, access, and data across live entertainment.
  • Fortune Protocol — Fortune Protocol brings the age- old tradition of fortune cookies to the modern prediction market.
  • Perceptron Network — AI agents that learn, earn, and reward trust. Perceptron powers a decentralized mesh of reputation and revenue. Perceptron Network is the first AI-powered system where interactions drive growth and earn real rewards.
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Blockchain VC funding in Estonia at a glance

Stats across 96 deals from 302 investors.

302
investors
in Estonia Blockchain startups
96
deals
in Estonia Blockchain startups
$1.2M
median round
in Estonia Blockchain startups
15%
lead investors
lead at least one round
45%
Seed
most common funding stage

Access all 302 VC funds in Estonia Blockchain startups.

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