Top 40 CleanTech Startup Investors in Estonia (June 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
Superangel
VC Fund
|
5 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, Information Technology | $165k–$20M |
|
Expansion Capital
VC Fund
|
3 | Latvia, United States, Norway | Seed, Debt Financing | Manufacturing, Logistics, Transportation | $125k–$713k |
|
Contrarian Ventures
VC Fund
|
3 | Lithuania, United Kingdom, France | Seed, Series A, Pre-Seed | Software, Renewable Energy, Energy | $55k–$15M |
|
Kristjan Raude
Angel
|
3 | Estonia, United States | Seed, Pre-Seed, Equity Crowdfunding | Software, Automotive, Internet of Things | $71k–$2.7M |
|
Thorgate Ventures
VC Fund
|
3 | Estonia, United Kingdom, Norway | Seed, Pre-Seed, Series A | Software, SaaS, FinTech | $22k–$3.4M |
|
Iron Wolf Capital
VC Fund
|
2 | Lithuania, Estonia, United Kingdom | Seed, Series A, Pre-Seed | Software, Information Technology, SaaS | $120k–$7.1M |
|
Markku Jääskelainen
Angel
|
2 | Estonia | Seed, Series A | Drones, Big Data, Software | |
|
Madis Müür
Angel
|
2 | Estonia, United States | Seed, Equity Crowdfunding, Pre-Seed | Apps, Cycling, Security | $100k–$1.3M |
|
Funderbeam
VC Fund
|
2 | Estonia, United Kingdom | Seed, Pre-Seed, Equity Crowdfunding | Apps, FinTech, Software | $549k–$2M |
|
Sunly
VC Fund
|
2 | Estonia, France, Finland | Seed, Pre-Seed | Solar, CleanTech, Rental | $329k–$4.4M |
|
SpeedUp Venture Capital Group
VC Fund
|
2 | Poland, United States, Czech Republic | Seed, Pre-Seed, Series A | Software, SaaS, Artificial Intelligence | $71k–$11M |
|
Specialist VC
VC Fund
|
2 | Estonia, United Kingdom, Finland | Seed, Pre-Seed | Software, Information Technology, Artificial Intelligence | $241k–$6.5M |
|
Spring Capital
VC Fund
|
2 | Estonia, Finland, United States | Seed, Pre-Seed, Series A | Software, SaaS, E-Commerce | $439k–$8.2M |
|
Trind Ventures
VC Fund
|
2 | Finland, Estonia, Spain | Seed, Series A | Software, Information Technology, SaaS | $549k–$15M |
|
Bangladesh Angels
VC Fund
|
1 | Bangladesh, India, Estonia | Seed, Pre-Seed, Angel | SaaS, Fashion, Supply Chain Management | $84k–$1.5M |
|
Black Pearls VC
VC Fund
|
1 | Poland, United States, United Kingdom | Seed, Pre-Seed | Software, Artificial Intelligence, FinTech | $60k–$2.4M |
|
Taavi Tamkivi
Angel
|
1 | Estonia, Latvia, United Kingdom | Seed, Angel, Pre-Seed | Software, Financial Services, AgTech | $111k–$2.1M |
|
Kaamos
VC Fund
|
1 | Estonia | Pre-Seed | Manufacturing, Battery, CleanTech | |
|
Andrus Purde
Angel
|
1 | Estonia, United Kingdom, Cyprus | Seed, Pre-Seed | Software, Apps, Internet | $100k–$2.7M |
|
UP Invest
VC Fund
|
1 | Estonia | Series A | Energy, CleanTech, Automotive | |
|
Yolo Investments
VC Fund
|
1 | United States, Australia, Estonia | Seed, Series A | FinTech, Cryptocurrency, Financial Services | $1M–$39M |
|
LIFT99
VC Fund
|
1 | Estonia, United Kingdom, El Salvador | Pre-Seed, Seed, Series A | Software, Information Technology, Legal | $300k–$12M |
|
Enterprise Estonia
VC Fund
|
1 | Estonia | Grant, Seed, Pre-Seed | Biotechnology, Software, Mobile Apps | $16k–$4.3M |
|
Swedbank
VC Fund
|
1 | Sweden, Finland, Latvia | Post-IPO Debt, Debt Financing | Banking, Real Estate, Energy | $20M–$3.2B |
|
Estonian venture capital
VC Fund
|
1 | Estonia | Pre-Seed, Series A | Energy, Software, CleanTech | |
|
AS Giga
VC Fund
|
1 | Estonia | Seed | Energy, CleanTech, Environmental Consulting | |
|
Grid.vc
VC Fund
|
1 | Finland, Estonia | Seed, Pre-Seed | Energy, Renewable Energy, SaaS | $20k–$6.3M |
|
Prototron
VC Fund
|
1 | Estonia, Finland, Germany | Pre-Seed, Grant, Seed | Software, Manufacturing, Internet of Things | $3k–$27k |
|
TMT Investments
VC Fund
|
1 | United States, Estonia, United Kingdom | Seed, Series A | Software, SaaS, Social Media | $250k–$10M |
|
Vestman Energia
VC Fund
|
1 | Estonia | Pre-Seed, Seed | Water, Software, CleanTech | $531k–$1.7M |
|
EstBAN
VC Fund
|
1 | Estonia, Latvia, Lithuania | Seed, Pre-Seed, Angel | Software, Information Technology, Manufacturing | $197k–$2.6M |
|
Tallinn University of Technology (TalTech)
VC Fund
|
1 | Estonia | Pre-Seed | CleanTech, GreenTech, Manufacturing | |
|
Martin Villig
Angel
|
1 | Estonia, Spain, South Africa | Seed, Angel, Pre-Seed | Software, FinTech, Education | $111k–$6M |
|
Marko Virkebau
Angel
|
1 | Estonia, South Africa | Seed, Pre-Seed | Software, Energy, Mobile | $636k–$2.4M |
|
Taavi Madiberk
Angel
|
1 | Estonia | Seed, Angel, Pre-Seed | Software, Information Technology, SaaS | $636k–$1M |
|
Little Green Fund
VC Fund
|
1 | Estonia | Pre-Seed | CleanTech, GreenTech, Manufacturing | $533k–$1.2M |
|
ZGI Capital
VC Fund
|
1 | Latvia, Estonia | Seed, Debt Financing | Manufacturing, Machinery Manufacturing, Retail | $55k–$981k |
|
Ministry of Economic Affairs and Communications for Estonia
VC Fund
|
1 | Estonia | Pre-Seed | CleanTech, GreenTech, Manufacturing | |
|
Pontos Group
VC Fund
|
1 | Finland | Genetics, Hospital, Automotive | ||
|
Cats.vc
VC Fund
|
1 | Lithuania, Italy, Spain | Seed, Pre-Seed, Series A | Financial Services, SaaS, Grocery | $225k–$9.1M |
| Access all 74 investors in Estonia CleanTech startups. | |||||
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!Investor list
Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io
Show more...Investment focus
- Industry: Artificial Intelligence, Software, Information Technology
- Stage:Seed, Pre-Seed, Series A
- Geography: Estonia, United States, Finland
Investor stats
- Total investments: 76
- Round size: Seed $767k–$6.6M; Pre-Seed $165k–$2.2M; Series A $5.3M–$20M
- Lead/follow: 39% lead, 61% follow
- Last fund: Likely still investing — raised $35M in 2022
Portfolio highlights
- Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
- ROCSYS — Meet the world's first autonomous charging solution for electrical vehicles in public transportation, logistics, material handling, and passenger cars.
- ZITICITY — Juragan69 adalah venue slot demo yang dipilih untuk final oleh para juragan di Indonesia karena memiliki fasilitas permainan slot yang lengkap serta pelayanan super ramah dari para customer service di situs ini.
Expansion Capital AIFP plans to participate in Latvian state-owned development finance institution ALTUM organized next generation fund manager tender, in order to continue to invest and finance mainly perspective Latvian ideas, projects, and companies.
Show more...Investment focus
- Industry: Manufacturing, Logistics, Transportation
- Stage:Seed, Debt Financing
- Geography: Latvia, United States, Norway
Investor stats
- Total investments: 40
- Round size: Seed $200k–$713k; Debt Financing $125k–$246k
- Lead/follow: 80% lead, 20% follow
Portfolio highlights
- Flirtu — Flirtu is an app for dating on Telegram that helps users find their perfect match.
- Willow Wealth — Willow Wealth is an alternative investment platform focused on generating income streams for investors. Get exclusive access to private market investments.
- FIS.solutions — Loan Management System | Loan Servicing Software | Lending Software. Instalment loans, mortgages, car leasing & rentals, credit line, business loans, factoring
We are a hands-on, community-focused and founders vetted early-stage sustainable energy transition focused VC in Europe & Israel
Show more...Investment focus
- Industry: Software, Renewable Energy, Energy
- Stage:Seed, Series A, Pre-Seed
- Geography: Lithuania, United Kingdom, France
Investor stats
- Total investments: 53
- Round size: Seed $274k–$8M; Pre-Seed $55k–$4.1M; Series A $1.7M–$15M
- Lead/follow: 38% lead, 62% follow
Portfolio highlights
- Eliq — Energy data platform for utilities combining customer insights and operational intelligence to improve service, reduce churn and grow revenue.
- PVcase — From site selection and design to yield optimization; PVcase helps streamline your entire process.
- Urbio — Intuitive online software for urban energy planning and design. Urbio helps energy providers, utilities, consultants and real estate companies save time and money with generative design and digital twins.
I am a serial entrepreneur and angel investor with 15+ years of international experience in sales & marketing, leading teams of 300+ with annual revenue of 10M+. Founder of 3 international companies and investor to 10+ startups. Member of the board at Estonian Business Angels Network.
Show more...Investment focus
- Industry: Software, Automotive, Internet of Things
- Stage:Seed, Pre-Seed, Equity Crowdfunding
- Geography: Estonia, United States
Investor stats
- Total investments: 13
- Round size: Seed $488k–$1.3M; Pre-Seed $71k–$549k; Equity Crowdfunding $168k–$2.7M
- Lead/follow: 31% lead, 69% follow
Portfolio highlights
- Askly — Add multilingual chat to any site in 2 minutes. Providing multilingual customer support is easy and affordable. Start a 30-day free trial today.
- Snabb — Barking delights vehicle owners by enabling services such as parking, washing, charging, and fuelling from one user-friendly and convenient interface- the Barking App. Browse, book, navigate, start, pay, review and manage your vehicle services from one easy-to-use App.Founded in 2015, we've grown from a Tallinn-based private parking App toan international platform that serves over 50,000 users in 10 markets on a monthly basis.We are constantly working towards connecting all vehicle service providers to our platform and thus enabling the ultimate convenience and simplicity to vehicle owners.
- Promoty — Influencer marketing platform that helps you to find creators, manage influencer relationships, and save time on influencer marketing. Get started here!
We invest both capital and our know-how into startups. Join us and let's change the world
Show more...Investment focus
- Industry: Software, SaaS, FinTech
- Stage:Seed, Pre-Seed, Series A
- Geography: Estonia, United Kingdom, Norway
Investor stats
- Total investments: 22
- Round size: Seed $22k–$713k; Pre-Seed $133k–$478k; Series A $2.1M–$3.4M
- Lead/follow: 27% lead, 73% follow
Portfolio highlights
- Coursy.io — Make employee development more effective with LMS powered by Learning Design
- Waybiller — Bulk TMS solution for end-to-end management: Waybiller transforms your logistics operations, allowing you to handle bulk shipments with precision and speed. The Best E-waybill Software & Bulk TMS Solution
- Bilance — Bilance is a personal finance management app that helps you to track, analyze and plan your finances.
We are here to make you succeed! Iron Wolf Capital is an international venture capital firm with an experienced team of professionals with global outlook and strong roots in the Baltics. and a mandate for helping entrepreneurs realise their ideas into successful businesses.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Seed, Series A, Pre-Seed
- Geography: Lithuania, Estonia, United Kingdom
Investor stats
- Total investments: 38
- Round size: Seed $329k–$2.6M; Pre-Seed $120k–$965k; Series A $4.7M–$7.1M
- Lead/follow: 55% lead, 45% follow
- Last fund: Likely still investing — fund raised in 2023
Portfolio highlights
- Copla — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
- UFORCE — UFORCE is a defence technology business that specialises on combat-proven unmanned systems for air, ground, and marine operations.
- CyberUpgrade — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
Markku Jääskelainen.
Show more...Investment focus
- Industry: Drones, Big Data, Software
- Stage:Seed, Series A
- Geography: Estonia
Investor stats
- Total investments: 2
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Hepta Insights — Hepta provides automated power grid management and analysis using autonomous drones and powerful analytics software. Visit our website to find out more!
Madis Müür
Show more...Investment focus
- Industry: Apps, Cycling, Security
- Stage:Seed, Equity Crowdfunding, Pre-Seed
- Geography: Estonia, United States
Investor stats
- Total investments: 6
- Round size: Seed $549k–$1.3M; Equity Crowdfunding $100k–$1.3M
- Lead/follow: 67% lead, 33% follow
Portfolio highlights
- Bikeep — Smart bike and e-scooter stations with app access, fire-safe e-charging, and real-time monitoring from anywhere. 10,000+ devices across 30+ countries.
- Promoty — Influencer marketing platform that helps you to find creators, manage influencer relationships, and save time on influencer marketing. Get started here!
- FleetFox — Full-stack fleet care service. Hands-on fleet services powered by technology for car-sharing and business fleets across Europe.
Funderbeam is a funding and trading platform that connects companies and investors to buy and sell equity stakes. The platform allows the founders to gain exposure, legal support, a funding manager, or an investor network. It also allows the investors to take control of their investments and trade anytime they want.The company was founded in 2013as a global data platform for startup companies.
Show more...Investment focus
- Industry: Apps, FinTech, Software
- Stage:Seed, Pre-Seed, Equity Crowdfunding
- Geography: Estonia, United Kingdom
Investor stats
- Total investments: 4
- Round size: Seed $549k–$2M
- Lead/follow: 25% lead, 75% follow
Portfolio highlights
- Pynk — Pynk is the Multi-Award Winning London Fintech that rewards you for making predictions on assets like Gold, NASDAQ and Bitcoin. Free sign up, start today!
- FleetFox — Full-stack fleet care service. Hands-on fleet services powered by technology for car-sharing and business fleets across Europe.
Sunly, a renewable energy company, is active in the Baltics and surrounding markets. Sunly is developing renewable energy projects through Sunly Infra and manages a renewable energy and electrification portfolio of start-ups through Sunly Startup.
Show more...Investment focus
- Industry: Solar, CleanTech, Rental
- Stage:Seed, Pre-Seed
- Geography: Estonia, France, Finland
Investor stats
- Total investments: 10
- Round size: Seed $549k–$4.4M; Pre-Seed $329k–$549k
- Lead/follow: 50% lead, 50% follow
Portfolio highlights
- Themo — Themo's innovation is an algorithm that optimizes the price of exchange electricity and the consumption of electricity. Themo offers an easy and environmentally friendly way to save on electricity consumed by heating.
- Vok Bikes — We build heavy-duty cargo bikes and rent them out to on-demand delivery companies and their couriers — no surprises, no extra fees. Currently active in Tallinn and Vilnius and expanding to London and Berlin Q4 2021.
- UP Catalyst — UP Catalyst produces sustainable carbon nanomaterials and graphite for the green energy storage industry.
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!We are a group of venture capital funds, investing in enterprises in an early stage of development. Areas of our interest include enterprises and entrepreneurs in Central and Eastern Europe, who want to conquer the global market by utilizing their self-developed solutions. Our cooperation with companies is based on a 3-8 years investment horizon.We're looking for innovations from areas such as: consumer internet, electromobility, energy, fintech, martech, adtech, medtech, IoT and hardware. We're interested in technologies like Machine Learning, Picture Recognition and Artificial Intelligence.
Show more...Investment focus
- Industry: Software, SaaS, Artificial Intelligence
- Stage:Seed, Pre-Seed, Series A
- Geography: Poland, United States, Czech Republic
Investor stats
- Total investments: 57
- Round size: Seed $135k–$4.3M; Pre-Seed $71k–$500k; Series A $2.1M–$11M
- Lead/follow: 23% lead, 77% follow
- Last fund: May invest from a new fund soon — raised $25M in 2018
Portfolio highlights
- PARTORY — PARTORY offers complete manufacturing solutions in engineering. PARTORY utilising AI and machine learning to streamline the procurement process for low-cost metal parts
- CYCLE — GetHenry is a rapidly growing subscription service for market-leading delivery companies. We make sure that thousands of couriers are on the move safely, quickly and comfortably every day. In this way, we not only create added value for delivery services, but also help to reduce transport-related CO2 emissions on the last mile.
- Patron GO — Patron GO is a fintech firm that uses AI to detect unnecessarily high costs on a customer's bank account and offers the best solutions.
United Angels VC is an early stage venture capital fund based in Estonia.
Show more...Investment focus
- Industry: Software, Information Technology, Artificial Intelligence
- Stage:Seed, Pre-Seed
- Geography: Estonia, United Kingdom, Finland
Investor stats
- Total investments: 64
- Round size: Seed $587k–$6.5M; Pre-Seed $241k–$2.2M
- Lead/follow: 34% lead, 66% follow
- Last fund: Likely still investing — raised $55M in 2022
Portfolio highlights
- Sera — Sera's AI streamlines prospecting with tailored lists and enriched profiles, including accurate emails and metrics.
- Copla — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
- CyberUpgrade — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
Investments in exceptional teams in the Baltics & Nordics.Our two main focuses include: 1. Startups with a technological edge. Seed stage. Our check size is from €50K up to €200K. With a vast experience in startup building, we typically get hands-on with our advice and help the founders achieve operational excellence. 2. Innovators oftraditional sectors. SMEs with a proven track and strong market position. Clear plans to accelerate the growth. Our investment ticket can be from €300K to €700K to support these aspirations. If you think we have a match, reach out through invest@springcapital.ee.
Show more...Investment focus
- Industry: Software, SaaS, E-Commerce
- Stage:Seed, Pre-Seed, Series A
- Geography: Estonia, Finland, United States
Investor stats
- Total investments: 24
- Round size: Seed $439k–$2.4M; Pre-Seed $500k–$580k; Series A $7M–$8.2M
- Lead/follow: 21% lead, 79% follow
- Last fund: May invest from a new fund soon — raised $3.9M in 2018
Portfolio highlights
- Uniify — Uniify is a no-code customer onboarding software that makes it fast, easy and secure for financial companies to onboard their customers. Save your business time and money, and build onboarding flows for your customers in minutes instead of months.
- Crisp — Crisp connects data between retailers, distributors, and brands to power real-time insights across the supply chain.
- Salesforge — Salesforge is an all-in-one sales execution super app that gives every sales team the highest probability to hit their target by tackling email deliverability and the need to personalize cold email outreach at scale.We do that by enabling real-time AI & machine learning to decision critical sales activities, enhance messaging and eliminatethe need for various sales point solutions, therefore driving superior conversion rates.
Trind VC is a founder-first venture capital firm investing in early-stage consumer startups across Europe. We back ambitious teams, help them grow, and stay by their side through every stage of the journey.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Seed, Series A
- Geography: Finland, Estonia, Spain
Investor stats
- Total investments: 36
- Round size: Seed $549k–$4.9M; Series A $5.5M–$15M
- Lead/follow: 44% lead, 56% follow
- Last fund: May invest from a new fund soon — raised $27M in 2018
Portfolio highlights
- Mjuk — Marketplace for pre-owned, unique design furniture
- Webel — Webel is an on demand Home Services Marketplace (cleaning, nannies, tutors...) where clients can search, book, compare, pay and review these services. Thanks to a deep analysis of the current methods for hiring these services and the competition outlook, we have created a unique and revolutionary business model that will outperform the market.
- Xceed — Go out and live the best night events, parties & festivals at top clubs, bars and restaurants from around the world. Guest lists, tickets & VIP bottle service.
Bangladesh Angels operates as an angel investing platform. Its mission to nurture innovation and entrepreneurship in Bangladesh, connecting them to both local and global investors. Bangladesh Angels was founded in 2018 and is headquartered in Dhaka, Bangladesh.
Show more...Investment focus
- Industry: SaaS, Fashion, Supply Chain Management
- Stage:Seed, Pre-Seed, Angel
- Geography: Bangladesh, India, Estonia
Investor stats
- Total investments: 12
- Round size: Seed $200k–$1.5M; Pre-Seed $84k–$100k
- Lead/follow: 33% lead, 67% follow
Portfolio highlights
- Adeffi — Adeffi is a tech-enabled ad marketplace revolutionizing OOH and DOOH advertising with innovative, data-driven solutions and gig economy integration. Since 2019, we’ve leveraged technology to transform the physical world into dynamic ad opportunities, helping brands connect with target audiences through impactful outdoor strategies. Profitable andsurpassing $1M in annual revenue in 2024, Adeffi is reshaping the future of advertising in Bangladesh and expanding to cities in India, Nepal, Thailand and Vietnam.
- Airwrk — Hire through platform or through consulting & services. Source, vet, & hire pre-vetted global talent with state-of-the art AI recruiting tech.
- Shuttle — Shuttle is a mass-transit startup based in Bangladesh that provides safe transportation at an affordable fare by moving more people with fewer vehicles and caters to both B2B and B2C customers.
Black Pearls VC is a venture capital firm focusing on Life Quality Technologies. We look for the best entrepreneurs in Poland and the Baltic Sea Region.
Show more...Investment focus
- Industry: Software, Artificial Intelligence, FinTech
- Stage:Seed, Pre-Seed
- Geography: Poland, United States, United Kingdom
Investor stats
- Total investments: 54
- Round size: Seed $165k–$2.4M; Pre-Seed $60k–$1.9M
- Lead/follow: 69% lead, 31% follow
- Last fund: May invest from a new fund soon — last raise in 2017
Portfolio highlights
- swotzy. — Swotzy offers a shipping platform to assist e-commerce retailers in streamlining their last-mile operations and reducing operating expenses by always using the best-suited carrier.
- Sauna by Wordware — A collaborative prompt engineering IDE
- Certifier — Certifier is the leading software to create, issue, and verify certificates in bulk. An AI-powered platform for managing digital certificates, credentials, and badges.
Taavi Tamkivi was Helping in Banks & FinTechs fight FinCrime. also a Founder & CEO at Salv .
Show more...Investment focus
- Industry: Software, Financial Services, AgTech
- Stage:Seed, Angel, Pre-Seed
- Geography: Estonia, Latvia, United Kingdom
Investor stats
- Total investments: 10
- Round size: Seed $371k–$1.3M; Angel $111k–$1M; Pre-Seed $191k–$2.1M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- GIG-A — Open a bank account in Japan from your mobile with GIG-A. Receive salary, manage everyday spending, or transfer money with ease.
- Introwise — Introwise makes it easy for everyday experts to offer coaching and advice online.
- Lightyear — Lightyear is a simple and approachable way to invest your money globally without unnecessary barriers and fees.
Kaamos is an investment management firm that invests in the construction, real estate, energy sector, and wood industry.
Show more...Investment focus
- Industry: Manufacturing, Battery, CleanTech
- Stage:Pre-Seed
- Geography: Estonia
Investor stats
- Total investments: 2
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- VOOL — VOOL is a one-stop shop for EV Charging. Experience chargers that are reliable, save money, and look damn good. Made in Estonia.
- RAIKU — RAIKU is a cleantech startup that produces 100% natural packaging material that has also great looks and shock absorption - most importantly, it gives 15-20 times more volume to its raw material making it one of the most resource efficient material uses in the world with high margins. Both the production is and products are clean making no harm tonature. RAIKU has raised over 1.2mln€ in the pre-seed stage, built a team of over 10 people, its own IP and clients are already using its packaging material. This material will up-end the 1 trillion € packaging sector.
Experienced startup marketer. Co-founder and CEO of Outfunnel. Skype and Pipedrive alumni. Angel investor.
Show more...Investment focus
- Industry: Software, Apps, Internet
- Stage:Seed, Pre-Seed
- Geography: Estonia, United Kingdom, Cyprus
Investor stats
- Total investments: 11
- Round size: Seed $100k–$2.7M; Pre-Seed $830k–$2.3M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Klaus — Klaus is a conversation review tool that improves customer service quality by making internal feedback easy and systematic. It also integrates with your help desk, good for improving the quality of answers and on-boarding new agents. They also connect to your favorite help desk solution and saves time on fumbling around with spreadsheets and comingup with the review system.Klaus is based in Tallinn, Estonia.
- SegmentStream — SegmentStream is a data intelligence platform which helps collect and unify from different data sources into own data warehouse for advanced analytics and attribution. Our solution is trusted by leading brands such as Benetton, Nespresso, New Balance, myToys, Eventim Group, and others.
- Jälle Technologies — Jälle Technologies create advanced recycling technologies that transform battery waste into high-value resources.
UP Invest company focusing on investments in health care, media, consumer brands real estate and cleantech venture capital.
Show more...Investment focus
- Industry: Energy, CleanTech, Automotive
- Stage:Series A
- Geography: Estonia
Investor stats
- Total investments: 1
- Lead/follow: 100% lead, 0% follow
Portfolio highlights
- Skeleton Technologies — Skeleton Technologies is the global leader in ultracapacitor & supercapacitor energy storage and helps companies in automotive, transportation, grid, and industry to save energy.
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!Yolo Investments is focusing on late seed & series A stage investments in igaming, fintech and crypto.
Show more...Investment focus
- Industry: FinTech, Cryptocurrency, Financial Services
- Stage:Seed, Series A
- Geography: United States, Australia, Estonia
Investor stats
- Total investments: 33
- Round size: Seed $1M–$9M; Series A $4M–$39M
- Lead/follow: 33% lead, 67% follow
- Last fund: Likely still investing — fund raised in 2023
Portfolio highlights
- Meld — Meld empowers developers to build a Multi Vendor Fintech stack. With a few lines of code, developers gain access to a wide range of financial integrations across multiple domains. Meld helps you lower your overall 3rd party vendor costs, increase coverage and conversion rates, and save you time by launching integrations across markets faster. Weprovide performance analytics for every provider you integrate with - putting you back in control of your fintech stack.
- Pave Bank — The world's first multi-asset and programmable bank
- Bitblox Games — Offer innovative and engaging blockchain-based games on your platform and attract a new wave of players with Bitblox.
LIFT99 is a coworking hub and network of startup founders in Tallinn, Estonia, and Kyiv, Ukraine. In 2018, we launched our Skillsharing Platform for founders around the world.
Show more...Investment focus
- Industry: Software, Information Technology, Legal
- Stage:Pre-Seed, Seed, Series A
- Geography: Estonia, United Kingdom, El Salvador
Investor stats
- Total investments: 10
- Round size: Seed $800k–$1.1M; Pre-Seed $300k–$1.5M; Series A $7.7M–$12M
- Lead/follow: 20% lead, 80% follow
Portfolio highlights
- Modash.io — High performing marketing teams use Modash to find, analyze and monitor influencers at scale all over the world. Join them today.
- AXDRAFT — Automate contracts with AXDRAFT.
- Legal Nodes — Offload your legal tasks to a virtual legal department and get on with running your business. Get started with the Legal Nodes platform for free.
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.
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- Industry: Biotechnology, Software, Mobile Apps
- Stage:Grant, Seed, Pre-Seed
- Geography: Estonia
Investor stats
- Total investments: 28
- Round size: Seed $800k–$1.1M; Grant $16k–$2.1M; Pre-Seed $1.2M–$4.3M
- Lead/follow: 54% lead, 46% follow
Portfolio highlights
- Lifeyear — Digital-first heart care. At scale.
- Rollo Robotics — Rollo Robotics develops autonomous monowheel security robots using gyroscopic stabilisation technology.
- Jälle Technologies — Jälle Technologies create advanced recycling technologies that transform battery waste into high-value resources.
Swedbank AB (formerly Föreningssparbanken) is a Nordic-Baltic banking group offering retail banking, asset management, financial, and other services.Swedbank is a modern bank firmly rooted in Swedish savings bank history.
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- Industry: Banking, Real Estate, Energy
- Stage:Post-IPO Debt, Debt Financing
- Geography: Sweden, Finland, Latvia
Investor stats
- Total investments: 22
- Round size: Post-IPO Debt $20M–$3.2B; Debt Financing $558M–$1.6B
- Lead/follow: 36% lead, 64% follow
Portfolio highlights
- Peab — Peab is a construction and civil engineering company whose guiding principle is total quality at all stages of the construction process.
- Fortum — By providing our customers and the Nordic energy system with a supply of reliable energy, we aim to power a world where people, businesses, and nature thrive together. With respect for the environment, decades of expertise and smart solutions, we strive to meet our customers' needs.
- Nivika — Nivika is a real estate company that builds and manages properties.
Estonian venture capital provides support to entrepreneurs, fund managers, institutional investors.
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- Industry: Energy, Software, CleanTech
- Stage:Pre-Seed, Series A
- Geography: Estonia
Investor stats
- Total investments: 2
- Lead/follow: 50% lead, 50% follow
Portfolio highlights
- Esgrid — Esgrid provides value-chain sustainability management solutions to medium-sized businesses and financial institutions.
- Skeleton Technologies — Skeleton Technologies is the global leader in ultracapacitor & supercapacitor energy storage and helps companies in automotive, transportation, grid, and industry to save energy.
Holding
Show more...Investment focus
- Industry: Energy, CleanTech, Environmental Consulting
- Stage:Seed
- Geography: Estonia
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- LynxPower — Cleantech platform offering wireless metering and AI-driven energy management to track, analyze, and optimize energy use in real time.
Grid.vc is the first investor in superb teams disrupting the energy business.
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- Industry: Energy, Renewable Energy, SaaS
- Stage:Seed, Pre-Seed
- Geography: Finland, Estonia
Investor stats
- Total investments: 6
- Round size: Seed $20k–$6.3M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Bioreactor — Bioreactor is a revolutionary technology that converts bio waste into clean energy through biomass gasification. It's a sustainable, efficient and cost-effective solution that addresses energy poverty, energy security and climate change. With the use of the latest technology in computational fluid dynamics, cloud-optimized digital twin anddeep learning algorithms, the Bioreactor can optimize its performance in real-time over a wide range of fuels and operating conditions. The Bioreactor is a game changer in the energy industry, it can reduce greenhouse gas emissions, drastically lower energy costs, and help to alleviate energy poverty on a national scale.
- Safegrid — Smarter sensors for a smarter grid
- Vensum Power — Revolutionizing power conversion. More power in same package, less energy waste and low maintenance.
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.
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- Industry: Software, Manufacturing, Internet of Things
- Stage:Pre-Seed, Grant, Seed
- Geography: Estonia, Finland, Germany
Investor stats
- Total investments: 55
- Round size: Seed $4k–$13k; Grant $3k–$27k; Pre-Seed $6k–$27k
- Lead/follow: 75% lead, 25% follow
Portfolio highlights
- Neurosalience — Neurosalience develops a tool for the early detection of dementia from structural MRI scans.
- RAIKU — RAIKU is a cleantech startup that produces 100% natural packaging material that has also great looks and shock absorption - most importantly, it gives 15-20 times more volume to its raw material making it one of the most resource efficient material uses in the world with high margins. Both the production is and products are clean making no harm tonature. RAIKU has raised over 1.2mln€ in the pre-seed stage, built a team of over 10 people, its own IP and clients are already using its packaging material. This material will up-end the 1 trillion € packaging sector.
- Jälle Technologies — Jälle Technologies create advanced recycling technologies that transform battery waste into high-value resources.
TMT Investments PLC invests in high-growth technology companies across a number of core specialist sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has invested in over 65 companies to date. The Company’s objective is to generate an attractive rate of return for shareholders,predominantly through capital appreciation. The Company is traded on the AIM market of the London Stock Exchange. www.tmtinvestments.com.
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- Industry: Software, SaaS, Social Media
- Stage:Seed, Series A
- Geography: United States, Estonia, United Kingdom
Investor stats
- Total investments: 103
- Round size: Seed $250k–$5M; Series A $1.5M–$10M
- Lead/follow: 31% lead, 69% follow
- Last fund: May invest from a new fund soon — raised $60M in 2017
Portfolio highlights
- Enty — Fully online company setup with built-in accounting, invoicing, and expert support. Enty keeps your business compliant and running smoothly from day one.
- Global Work — Explore 500k+ verified remote, hybrid, and local jobs worldwide. Find your ideal role, compare opportunities, and apply on globalwork.ai!
- Mobilo Card — Share your contact details with a tap. The best digital business card for teams. This is a real business card, no app. The best and cheapest digital business card.
Our focus changes in the same pace with the surrounding world. If the main concern of the mankind is the food and energy supplies and polluted living environment, the current activities of the companies of Vestman Group thus also focus on these topics. Our vision is to be a sustainable forest manager on one of the Estonian largest private forestpossession. We lease out arable lands, give advice and help to find the best solution based on the partner’s needs. We are starting our journey in Eco-friendly Technology to strengthen our Circular economy way of doing things even further. We value the world we live in and the resources we use in our business.
Show more...Investment focus
- Industry: Water, Software, CleanTech
- Stage:Pre-Seed, Seed
- Geography: Estonia
Investor stats
- Total investments: 5
- Round size: Seed $531k–$1.7M; Pre-Seed $1.2M–$1.6M
- Lead/follow: 40% lead, 60% follow
Portfolio highlights
- KWOTA — Kwota offers digital validation and trading services for recycled material CO₂ emissions.
- Spacedrip — Spacedrip develops automated water treatment and reuse systems that recycle wastewater back to pure usable water with minimal maintenance. Our systems provide off-grid water without the need for centralized sewage/water solutions.
- RAIKU — RAIKU is a cleantech startup that produces 100% natural packaging material that has also great looks and shock absorption - most importantly, it gives 15-20 times more volume to its raw material making it one of the most resource efficient material uses in the world with high margins. Both the production is and products are clean making no harm tonature. RAIKU has raised over 1.2mln€ in the pre-seed stage, built a team of over 10 people, its own IP and clients are already using its packaging material. This material will up-end the 1 trillion € packaging sector.
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822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!More than just a business angel network Building synergy between startups and angel investors EstBAN is member led organisation committed to finding, funding and mentoring ambitious young companies from pitch through to a successful exit. About estban Latest news Created with Fabric.js 3.5.0 All news For investors Get access to quality pre-selected internationaldeal-flow, and be
Show more...Investment focus
- Industry: Software, Information Technology, Manufacturing
- Stage:Seed, Pre-Seed, Angel
- Geography: Estonia, Latvia, Lithuania
Investor stats
- Total investments: 14
- Round size: Seed $600k–$2.6M; Angel $212k–$1M; Pre-Seed $197k–$1.2M
- Lead/follow: 43% lead, 57% follow
Portfolio highlights
- Esgrid — Esgrid provides value-chain sustainability management solutions to medium-sized businesses and financial institutions.
- SafePAS — Discover portable lab-grade analyzers that offer precision wherever you need it. With cutting-edge technology, we deliver lab-grade precision and cost-effective solutions for drug detection and soil analysis.
- Jeff — Jeff is a personalized loan broker that matches borrowers and lenders through alternative data. Jeff's mission is to help the unbanked to access financial services. In the absence of credit history and bank transactions, Jeff gathers alternative data from sources like smartphones, social media, behavioral patterns, geolocation, and other typesof digital footprint.Jeff then puts this information to good use and find ways on how alternative data points can prove creditworthiness and build trust, building new ways of accessing financing and evolving an alternative credit score.The company was founded in 2019 and is located in Riga, Latvia.
Tallinn University of Technology is a technological university that offers engineering, business, and public administration programs.
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- Industry: CleanTech, GreenTech, Manufacturing
- Stage:Pre-Seed
- Geography: Estonia
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- RAIKU — RAIKU is a cleantech startup that produces 100% natural packaging material that has also great looks and shock absorption - most importantly, it gives 15-20 times more volume to its raw material making it one of the most resource efficient material uses in the world with high margins. Both the production is and products are clean making no harm tonature. RAIKU has raised over 1.2mln€ in the pre-seed stage, built a team of over 10 people, its own IP and clients are already using its packaging material. This material will up-end the 1 trillion € packaging sector.
Martin is co-founder of Bolt.eu, Estonian Founders Society, Garage48.org, Good Deed Education Foundation and kood/Jõhvi coding school. Read more from http://martinvillig.com
Show more...Investment focus
- Industry: Software, FinTech, Education
- Stage:Seed, Angel, Pre-Seed
- Geography: Estonia, Spain, South Africa
Investor stats
- Total investments: 20
- Round size: Seed $500k–$6M; Angel $111k–$637k; Pre-Seed $276k–$2.2M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Planet42 — Having your own car has never been easier. Planet42 is a vehicle rental company offering rent-to-buy car service for private clients.
- Mentornaut — Mentornaut is a new online tutoring platform is aiming to increase inclusion in personalized education and counts Super angel, United Angels VC, and a list of EdTech advocates like Bolt co-founder Martin Villig, and Clanbeat co-founder Kadri Tuisk among its investors.
- StudentFinance — Catapult your career with leading re-skilling and up-skilling bootcamps. Study now and pay us back once you land a job & start earning!
Marko Virkebau
Show more...Investment focus
- Industry: Software, Energy, Mobile
- Stage:Seed, Pre-Seed
- Geography: Estonia, South Africa
Investor stats
- Total investments: 4
- Round size: Seed $636k–$2.4M
- Lead/follow: 25% lead, 75% follow
Portfolio highlights
- Planet42 — Having your own car has never been easier. Planet42 is a vehicle rental company offering rent-to-buy car service for private clients.
- LynxPower — Cleantech platform offering wireless metering and AI-driven energy management to track, analyze, and optimize energy use in real time.
- DriveX Technologies — Decrease your average claim size with AI vehicle inspection tool for CASCO pre-checks and windshield claims.
Taavi Madiberk is the Co-Founder and Chief Executive Officer at Skeleton Technologies. His business development, sales and marketing and company management skills have been instrumental in setting-up and driving growth. He has been the driving force for excellent customer traction, (the company counts as customers European Space Agency and severalTier 1 automotives), business strategy (leveraging the advantage in materials technology to energy storage cells and modules), product development and fundraising from venture capital, private equity and public sources in German, Estonian and EU level. Taavi Madiberk brings knowledge from the IT, locomotive and NGO sectors from his experience prior to Skeleton Technologies. Among other Board positions he has served as the youngest ever Chairman of the Supervisory Board in Estonian Railways Ltd (AS Eesti Raudtee) from 2012-2014 the national railway. He also served as a Member of the Supervisory Board of RKAS in 2014, an Estonian state-owned real estate company with over 400 M EUR of assets.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Seed, Angel, Pre-Seed
- Geography: Estonia
Investor stats
- Total investments: 4
- Round size: Seed $636k–$1M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- LynxPower — Cleantech platform offering wireless metering and AI-driven energy management to track, analyze, and optimize energy use in real time.
- ProcurementFlow — Reduce time to market for new products! Simple procurement teamwork software for keeping the communication and procurement process in the flow. Requisition management, eSourcing, SRM.
- DriveX Technologies — Decrease your average claim size with AI vehicle inspection tool for CASCO pre-checks and windshield claims.
Little Green Fund invests in companies that are good for the Earth, with teams that can get big things done.
Show more...Investment focus
- Industry: CleanTech, GreenTech, Manufacturing
- Stage:Pre-Seed
- Geography: Estonia
Investor stats
- Total investments: 4
- Round size: Pre-Seed $533k–$1.2M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Esgrid — Esgrid provides value-chain sustainability management solutions to medium-sized businesses and financial institutions.
- UP Catalyst — UP Catalyst produces sustainable carbon nanomaterials and graphite for the green energy storage industry.
- RAIKU — RAIKU is a cleantech startup that produces 100% natural packaging material that has also great looks and shock absorption - most importantly, it gives 15-20 times more volume to its raw material making it one of the most resource efficient material uses in the world with high margins. Both the production is and products are clean making no harm tonature. RAIKU has raised over 1.2mln€ in the pre-seed stage, built a team of over 10 people, its own IP and clients are already using its packaging material. This material will up-end the 1 trillion € packaging sector.
ZGI Capital is the fund management company that manages "ZGI fund”, that was founded to support entrepreneurs lacking start-up capital for their business. The total amount of assets available for venture capital investments is of EUR 7.4M. Combined with bank financing, this will allow to finance investment projects with total assets of up toEUR 30M. The fund acts on behalf of various investors including the State.
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- Industry: Manufacturing, Machinery Manufacturing, Retail
- Stage:Seed, Debt Financing
- Geography: Latvia, Estonia
Investor stats
- Total investments: 25
- Round size: Seed $55k–$896k; Debt Financing $110k–$981k
- Lead/follow: 92% lead, 8% follow
- Last fund: May invest from a new fund soon — last raise in 2017
Portfolio highlights
- eAgronom — We enable companies to achieve their sustainability goals while supporting farmers in generating additional revenue, improving soil quality, and accessing better financing.
- KOOL Latvija — "KOOL Latvija" is a new concept gas station created in Latvia, which at the same time is also a convenient fast shopping place.
- Bioreactors.net — Biotechnical center is an innovative company and we provide solutions for industrial biotechnology processes, bioreactor manufacturing and industrial automation. We manufacture bioreactors for laboratory, pilot and industrial scale.
The Ministry of Economic Affairs and Communications intends to promote Estonian enterprises' efficiency and people's prosperity.It also encourages entrepreneurship to have a justifiable price for the efficient transport system, a developing information society, and environmentally friendly energy supply.It was headquartered inTallinn, Harjumaa.
Show more...Investment focus
- Industry: CleanTech, GreenTech, Manufacturing
- Stage:Pre-Seed
- Geography: Estonia
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- RAIKU — RAIKU is a cleantech startup that produces 100% natural packaging material that has also great looks and shock absorption - most importantly, it gives 15-20 times more volume to its raw material making it one of the most resource efficient material uses in the world with high margins. Both the production is and products are clean making no harm tonature. RAIKU has raised over 1.2mln€ in the pre-seed stage, built a team of over 10 people, its own IP and clients are already using its packaging material. This material will up-end the 1 trillion € packaging sector.
Pontos is a family owned Finnish private equity and real estate investment company operating in Finland, the Baltic States, and Portugal.
Show more...Investment focus
- Industry: Genetics, Hospital, Automotive
- Geography: Finland
Investor stats
- Total investments: 4
- Lead/follow: 25% lead, 75% follow
Portfolio highlights
- R8tech — R8 Jenny is AI HVAC technology for commercial real estate. It helps you achieve ESG goals while saving up to 30% in energy costs!
- Valmet Automotive — Valmet Automotive, a Uusikaupunki, Finland-based electric vehicle developer and manufacturer. Valmet Automotive provides engineering, manufacturing and business services for the automotive industry. In 2009, the company generated net sales of €56m and employed some 800 people. It manufactures Porsche Cayman sports cars, electric Garia golf carsand THINK City urban cars in Uusikaupunki, Finland. Cuca
- Blueprint Genetics — We offer complete genetic testing and genetic diagnostics to medical professionals worldwide. Learn more about our winning clinical-grade NGS offering!
Y-generation investment professionals sourcing and closing deals in LATAM
Show more...Investment focus
- Industry: Financial Services, SaaS, Grocery
- Stage:Seed, Pre-Seed, Series A
- Geography: Lithuania, Italy, Spain
Investor stats
- Total investments: 10
- Round size: Seed $1.3M–$1.5M; Pre-Seed $225k–$3M; Series A $9.1M–$9.1M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Macai — Ceramica di Caltagirone. Bomboniere Pigne e Teste di Moro. Autentica ceramica siciliana, bomboniere siciliane . Ceramiche Online
- MAX — Make mobility accessible, safe, reliable, and sustainable for 1 billion Africans
- Payflow — Payflow is an employee benefit that companies can offer to their employees. Payflow provides employees instant access to earned salary to improve their financial well-being. Companies benefit from improved productivity and engagement, with no impact on cash-flow.Payflow was founded in 2020, and it is a Rocket Internet backed venture based inSpain.
CleanTech Investor funding in Estonia at a glance
Stats across 47 deals from 74 investors.
Access all 74 investors in Estonia CleanTech startups.
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