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Top 50 Education Startup Investors in Estonia (October 2026)

The most active venture capital funds and angel investors investing in Estonia Education startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Estonia Education startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Tera Ventures
VC Fund
7 Estonia, United States, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, FinTech $120k–$14M
Inventure
VC Fund
4 Finland, Sweden, United States Seed, Series A, Series B Software, Information Technology, Artificial Intelligence $549k–$25M
Airtree Ventures
VC Fund
4 Australia, United States, New Zealand Seed, Series A, Series B Software, Artificial Intelligence, SaaS $894k–$54M
Metaplanet
VC Fund
3 United States, United Kingdom, Estonia Seed, Series A, Series B Artificial Intelligence, Software, Machine Learning $1.7M–$62M
Jaan Tallinn
Angel
3 United States, Estonia, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $540k–$124M
Union Square Ventures
VC Fund
3 United States, United Kingdom, Germany Series A, Series B, Seed Software, Financial Services, FinTech $1.7M–$45M
Andres Kull
Angel
2 Estonia Seed, Series A AgTech, Farming, Software $576k–$1.1M
Martin Henk
Angel
2 Estonia, United States, United Kingdom Pre-Seed, Seed, Angel Software, SaaS, Marketplace $218k–$5.1M
Syntofy Ventures
VC Fund
2 Estonia, United States Pre-Seed Blockchain, Edutainment, Cryptocurrency $29k–$250k
Specialist VC
VC Fund
2 Estonia, United Kingdom, Finland Seed, Pre-Seed Software, Information Technology, Artificial Intelligence $240k–$4.6M
u.ventures
VC Fund
2 United States, Ukraine, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, E-Commerce $500k–$20M
Rockaway Capital
VC Fund
2 Czech Republic, Germany, United States Seed, Venture - Series Unknown Software, E-Commerce, Fashion $252k–$31M
Rubio Impact Ventures
VC Fund
2 The Netherlands, United Kingdom, Germany Seed, Series A, Venture - Series Unknown Software, Education, Renewable Energy $1.1M–$30M
Christopher Sier
Angel
2 Estonia Seed, Pre-Seed Education, Recruiting, Professional Services
Trind Ventures
VC Fund
2 Finland, Estonia, Spain Seed, Venture - Series Unknown, Series A Software, Information Technology, SaaS $590k–$15M
Mistletoe
VC Fund
2 Japan, United States, India Seed, Series A Information Technology, Software, Education $702k–$44M
Credo Ventures
VC Fund
2 United States, United Kingdom, Czech Republic Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $385k–$19M
Inovo.vc
VC Fund
2 Poland, United States, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $329k–$23M
Joakim Karske
Angel
2 Estonia Seed, Pre-Seed Education, Recruiting, Professional Services
Prototron
VC Fund
2 Estonia, Finland, Germany Pre-Seed, Grant, Seed Software, Manufacturing, Energy $4k–$66k
Northstar Ventures
VC Fund
2 United Kingdom, United States, Indonesia Seed, Venture - Series Unknown, Series A Software, Health Care, Information Technology $46k–$10M
Indrek Prants
Angel
2 Estonia Seed, Series A Education, Recruiting, Professional Services
TrueSight Ventures
VC Fund
1 United Kingdom, Sweden, United States Seed, Pre-Seed, Series A Artificial Intelligence, Software, FinTech $530k–$15M
Rakuten
VC Fund
1 United States, Japan, Singapore Series A, Series B, Seed E-Commerce, Financial Services, FinTech $800k–$40M
HardGamma Ventures
VC Fund
1 United Kingdom, Poland, United States Seed, Series A Software, E-Commerce, Education $35k–$1.4M
Contriber Ventures
VC Fund
1 Estonia, Finland, Germany Seed, Angel, Series A Software, Apps, Music $972k–$2.1M
Mana Ventures
VC Fund
1 United States, Canada, Mexico Seed, Series A, Pre-Seed Software, SaaS, Artificial Intelligence
Thorgate Ventures
VC Fund
1 Estonia, United Kingdom, Norway Seed, Pre-Seed, Series A Software, SaaS, FinTech
Kristel Kruustük
Angel
1 Estonia Pre-Seed, Series A Education, Recruiting, Health Care
BlackPine
VC Fund
1 Hong Kong, United States, United Kingdom Series A, Seed, Series C Blockchain, Financial Services, FinTech $1.5M–$483M
Gunnar Kobin
Angel
1 Estonia Seed Education, Recruiting, Professional Services
Gleb Braverman
Angel
1 Estonia, United States Seed, Pre-Seed SaaS, Software, Training
G-FUND
VC Fund
1 United Kingdom, Germany, Switzerland Seed, Pre-Seed, Series A Wellness, Health Care, Food and Beverage
Icebreaker.vc
VC Fund
1 Finland, Sweden, Estonia Pre-Seed, Seed, Series A Software, Information Technology, Artificial Intelligence $110k–$25M
Joel Aasmae
Angel
1 Estonia Seed Education, Recruiting, Professional Services
Joe Zadeh
Angel
1 Italy, United States, Estonia Pre-Seed, Seed, Series A Information Technology, Artificial Intelligence, Music $544k–$19M
CofounderZone
VC Fund
1 Poland, United States, Estonia Seed, Pre-Seed, Convertible Note Mobile Apps, E-Commerce, Artificial Intelligence
Rockaway Ventures
VC Fund
1 Germany, Greece, Estonia Seed, Series A Travel, Tourism, Rental
Change Ventures
VC Fund
1 Estonia, Latvia, Lithuania Seed, Pre-Seed, Series A Software, Information Technology, Apps
Devotion Ventures
VC Fund
1 Estonia Series A Education, Recruiting, Professional Services
Hyde Park Venture Partners
VC Fund
1 United States, Canada, Estonia Seed, Series A, Series B Software, SaaS, Information Technology
Peter Vesterbacka
Angel
1 Estonia, Finland, Faroe Islands Pre-Seed, Seed, Series A Software, Artificial Intelligence, SaaS
Geoffrey Prentice
Angel
1 United States, India, Estonia Seed, Series A, Series C Apps, News, Mobile
Ragnar Sass
Angel
1 Estonia, Ukraine, United States Seed, Pre-Seed, Angel Software, Information Technology, Marketplace $206k–$5.9M
LocalGlobe
VC Fund
1 United Kingdom, United States, France Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $1M–$30M
Andrés Echecopar
Angel
1 Spain, Estonia Pre-Seed, Angel SaaS, FinTech, Internet $55k–$150k
Ivo Remmelg
Angel
1 Estonia, Latvia, Norway Seed, Angel, Pre-Seed Mobile, Sports, FinTech
Easypress Technologies
VC Fund
1 Estonia Seed Education, Recruiting, Professional Services
Kustaa Valtonen
Angel
1 Estonia, Faroe Islands, United States Pre-Seed, Seed Software, Artificial Intelligence, SaaS
Gorilla Capital
VC Fund
1 Finland, Sweden, Estonia Pre-Seed, Seed, Venture - Series Unknown Software, Information Technology, SaaS $149k–$2.1M
Access all 58 investors in Estonia Education startups.

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

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Investor list

Tera Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 7 investments in Estonia Education startups

Tera Ventures is an international investment firm based in Estonia.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Estonia, United States, United Kingdom

Investor stats

  • Total investments: 71
  • Round size: Seed $600k–$3.8M; Pre-Seed $120k–$2.2M; Series A $1.6M–$14M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • BlackWall — Protect your web site from hacking, content theft, crawling, and cloning!
  • Cino — Cino automatically deducts everyone's share from their bank accounts. Create groups with whom you want to share bills, set your ratio split & stop fronting costs!
  • Flowstep — Flowstep is a copilot that helps you create better designs, 10x faster. Just type and get user flows, high-fidelity UI, JTBD and more.
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Inventure
VC Fund · Helsinki, Southern Finland, Finland · 4 investments in Estonia Education startups

Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: Finland, Sweden, United States

Investor stats

  • Total investments: 180
  • Round size: Seed $549k–$6M; Series A $1.3M–$17M; Series B $1.3M–$25M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $140M in 2022

Portfolio highlights

  • Lassie — Lassie is the first proactive and preventive pet insurance company that wants to help pet owners take better care of their pets
  • Capalo AI — We maximize the value of your energy storage systems. Now and in the future.
  • Algorithmiq — Algorithmiq utilizes its expertise in quantum information, complex systems, and computational physics to develop algorithms to develop new and effective drugs, solve problems in life sciences, and discover new materials.
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Airtree Ventures
VC Fund · Paddington, Western Australia, Australia · 4 investments in Estonia Education startups, 18 in the past 12 months

AirTree is a venture capital firm investing in Australian and New Zealand technology founders from seed stage or earlier.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: Australia, United States, New Zealand

Investor stats

  • Total investments: 223
  • Round size: Seed $894k–$10M; Series A $3.4M–$35M; Series B $4.7M–$54M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $320M in 2022

Portfolio highlights

  • Gridsight — Gridsight helps electrical utilities transition to a decentralised grid by creating 90%-accurate, AI-powered load flow models. These models enable utilities to safely and efficiently support more residential solar, batteries and electric vehicles. Based on CEO Brendan Banfield's PhD research, Gridsight was founded in 2020 to accelerate the transition to renewables.
  • Alloy — Alloy enables robotics teams to organise, explore, and evaluate various sorts of multimodal robot data in one platform using natural language, without the need for labels.
  • Constantinople — Constantinople manages all infrastructure and operational aspects of your bank: from Customer experience, Banking products to Features, Risks, and Operations.
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Metaplanet
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Estonia Education startups

an early-stage investment firm making long-term bets on contrarians and leveraging the knowledge and network across sectors. We back mission-driven founders working on positively disruptive deep technologies.

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Investment focus

  • Industry: Artificial Intelligence, Software, Machine Learning
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Kingdom, Estonia

Investor stats

  • Total investments: 110
  • Round size: Seed $1.7M–$12M; Series A $5.9M–$40M; Series B $23M–$62M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely actively investing — fresh fund, raised $69M in 2025

Portfolio highlights

  • Kopra Bio — Cancer immunotherapy that turns cancer cells into biofactories minting their own destruction.
  • Inherent — Recursively self-improving to discover new knowledge.
  • Lightyear — Lightyear is a simple and approachable way to invest your money globally without unnecessary barriers and fees.
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Jaan Tallinn
Angel · Tallinn, Harjumaa, Estonia · 3 investments in Estonia Education startups

Jaan Tallinn is the Co-Founder of the Centre for Study of Existential Risk and Future of Life Institute.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Estonia, United Kingdom

Investor stats

  • Total investments: 67
  • Round size: Seed $540k–$15M; Pre-Seed $799k–$2.1M; Series A $3.3M–$124M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • ZaiNar — ZaiNar turns the wireless networks that already exist into a sensor, delivering centimeter-level 3D location indoors, outdoors, and underground.
  • Lightyear — Lightyear is a simple and approachable way to invest your money globally without unnecessary barriers and fees.
  • Blueprint Bryan Johnson — On the surface, Blueprint may seem something about health, wellness and aging. It's really a system to make tomorrow better for you, me, the planet and our shared future with AI.
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Union Square Ventures
VC Fund · New York, New York, United States · 3 investments in Estonia Education startups

Union Square Ventures is a venture capital firm based in New York City.

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Investment focus

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

Investor stats

  • Total investments: 535
  • Round size: Seed $1.7M–$12M; Series A $3.5M–$24M; Series B $6M–$45M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fund raised in 2026

Portfolio highlights

  • Tandems — Tandems enhances the way financial advice is delivered by equipping advisors, bankers, and agents with data-driven insights and personalized recommendations. Tandems focuses on improving institutional operations through automation and intelligent decision-support tools that streamline workflows and client engagement. The company’s technology isdesigned to augment human expertise, allowing financial professionals to allocate more time to strategic guidance and relationship building.
  • Efficient Computer — Efficient Computer is ushering in a new era of computing with our ultra-energy-efficient programmable processors.
  • Rune Energy — Rune Energy is a developer of a computation technology intended to monetize underutilized and surplus clean power.
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Andres Kull
Angel · 2 investments in Estonia Education startups

Andres Kull

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Investment focus

  • Industry: AgTech, Farming, Software
  • Stage:Seed, Series A
  • Geography: Estonia

Investor stats

  • Total investments: 4
  • Round size: Seed $576k–$1.1M
  • Lead/follow: 0% lead, 100% follow

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.
  • Jobbatical — Jobbatical takes care of the entire relocation process for you. Just sit back and relax.
  • VitalFields — VitalFields is a digital agriculture company that offers an easy-to-use farm management system for farmers to plan, manage and analyze their field activities, including simplified tracking and reporting of all crop inputs to help ensure compliance with European Union environmental standards. Founded in 2011 and based in Tallinn, Estonia,VitalFields is available in several European countries.
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Martin Henk
Angel · San Francisco, California, United States · 2 investments in Estonia Education startups

Martin Henk is the Co-founder of Pipedrive.

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Investment focus

  • Industry: Software, SaaS, Marketplace
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Estonia, United States, United Kingdom

Investor stats

  • Total investments: 20
  • Round size: Seed $413k–$5.1M; Pre-Seed $218k–$2.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Vendis.ai — A CRM that actually understands you. Your intelligent AI sales companion. Conversation in, pipeline out. Zero forms.
  • Baserow — Discover Baserow, the open-source no-code platform for building databases and applications. No code or technical skills needed. Start creating for free today!
  • Breyta — Gather all your qualitative data and our AI assistant transcribes, analyses and delivers you accurate product insights and patterns at scale in seconds.
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Syntofy Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Education startups

Syntofy Ventures is an investment firm and is categorized as an angel group, micro-VC, and venture capital investor.

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Investment focus

  • Industry: Blockchain, Edutainment, Cryptocurrency
  • Stage:Pre-Seed
  • Geography: Estonia, United States

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $29k–$250k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • APXD — APXD ia a revolutionary real-life impact-focused next-gen survival & play-to-earn game, aiming to increase environmental awareness among Gen Z & Alpha through innovative edutainment experiences.
  • Dogboss — Dogboss is a decentralized meme project that provides games with NFTs, metaverse, and meme tokens. Its platform allows users to play, trade, farm, and get unique NFTs.
  • Applehead — It all started with Simba, our beloved cat. When he became inexplicably ill, we discovered the hidden dangers of the world—toxins, misinformation, and a lack of awareness. Simba’s story ignited a fire within us. We realized that transformation starts with knowledge, and Applehead was born. Applehead isn’t just an idea—it’s a movement, a call tothose who see beyond the illusion and seek to create a new reality.
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Specialist VC
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Education startups, 6 in the past 12 months

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

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed
  • Geography: Estonia, United Kingdom, Finland

Investor stats

  • Total investments: 72
  • Round size: Seed $545k–$4.6M; Pre-Seed $240k–$2.3M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $57M in 2022

Portfolio highlights

  • 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.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
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Access 48,091 investors

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

Browse database — It's Free!
u.ventures
VC Fund · Kyiv, Kyyiv, Ukraine · 2 investments in Estonia Education startups

u.ventures invests in early stage technology startups with world-class teams and potential for global growth. Our goal is to support local entrepreneurs

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Investment focus

  • Industry: Software, Artificial Intelligence, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Ukraine, United Kingdom

Investor stats

  • Total investments: 44
  • Round size: Seed $580k–$5.5M; Pre-Seed $500k–$4M; Series A $2M–$20M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Embedd — Chips modelled as digital twins. Software, tests and simulations generated for any target.
  • Cargofy — Cargofy it's a mobile assistant, kind of a "Siri" but for truck drivers. We help truckers access to high paying loads through our app, and receive discounts on fuel, maintenance, and truck parts.
  • SOC Prime — SOC Prime operates the world's largest and most advanced platform for collaborative cyber defense following its mission to transform threat detection with the power of collective cybersecurity expertise. Relied upon by over 11,000 global organizations, SOC Prime supercharges cybersecurity operations enabling teams to hunt for threats anddefend against attacks easier, faster, and more efficiently than ever before. Founded in 2015 by security analysts and Detection Engineers, we have built the platform to help companies establish basic security practices, improve threat visibility, and advance automated incident response. Our technology helps enterprises, governments, MSSPs, and MDR providers overcome the challenges of the global talent shortage, threat complexity, alert fatigue, data quality, and cost-efficiency. SOC Prime Platform enables security teams to address the challenges of building advanced and threat-specific detections, organize and execute around strategic detection objectives, and manage the deployment of content at scale across a diverse range of security analytics tools. We serve Fortune-100 and Forbes Global 2000 enterprises, as well as government organizations by providing a platform for global collaboration, open-source technologies, and the highest level of support.SOC Prime helps customers centrally source and support detection content to maximize the value of their existing security investments. Powered by collaboration from a global cybersecurity community, our Detection as Code platform curates the most up-to-date Sigma rules and integrates with over 44 SIEM, EDR, and Data Lake platforms. Flexible subscriptions ensure that both organizations and individual operators can benefit from enhanced cyber defense capabilities. Threat Detection Marketplace, the world's leading and largest security analytics repository powered by SOC Prime Platform, delivers access to a constantly growing library of 500,000+ context-enriched detections aligned with the MITRE ATT&CK® framework and continuously updated. SOC Prime supports continuous content quality improvement backed by feedback from 11,000+ organizations, 55,000+ users, and 800 threat bounty members, who actively contribute their own detection content to the SOC Prime Platform while receiving recurring rewards for their input. Our team is diverse and distributed, comprising seasoned security experts with 20+ years of experience in the industry, creative designers, multilevel software developers, young and ambitious security researchers, analysts, and business leaders. We strongly believe that cybersecurity is one of the major challenges for humanity and can be improved by open source, knowledge sharing, and a performance-driven culture.
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Rockaway Capital
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 2 investments in Estonia Education startups

We focus on investing and building Internet businesses not only in CEE. We believe in innovations and technologies. We create some added value. We are the next generation of entrepreneurs.

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Investment focus

  • Industry: Software, E-Commerce, Fashion
  • Stage:Seed, Venture - Series Unknown
  • Geography: Czech Republic, Germany, United States

Investor stats

  • Total investments: 60
  • Round size: Seed $252k–$2.5M; Venture - Series Unknown $3.5M–$31M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Campiri — Campiri is the largest online campervan and recreational vehicle rental site. Choose from hundreds of RVs from rental dealers as well as private owners.
  • Navigara.com — We trace every AI dollar to what your engineering team ships, find where your agents stall, and fix what slows delivery most.
  • FreewayCamper — FreewayCamper offers the new digital platform with a large selection of top campers and additional services, with a direct booking option. They have the latest models to rent - fully equipped, fully covered, directly available, and easy to book. They give it at fair price guarantee & all kilometers included. They have short-term and long-termrentals and, it is flexible and offers to rebook.
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Rubio Impact Ventures
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Estonia Education startups

Rubio Impact Ventures is a venture fund focused on early and growth stage enterprises with a positive impact on society and the environment.

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Investment focus

  • Industry: Software, Education, Renewable Energy
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: The Netherlands, United Kingdom, Germany

Investor stats

  • Total investments: 64
  • Round size: Seed $1.1M–$6M; Series A $3.3M–$16M; Venture - Series Unknown $4.4M–$30M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely actively investing — fresh fund, raised $80M in 2025

Portfolio highlights

  • VREY — VREY is a startup that empowers landlords of multi-tenant buildings to generate and manage solar energy on-site.
  • Ditto — Ditto supports patients, loved ones, and professionals by improving clarity, recall, and communication in healthcare conversations.
  • OpenUp — Het toegankelijke platform voor mentaal welzijn. Help medewerkers groeien, op het werk en daarbuiten. Let's OpenUp!
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Christopher Sier
Angel · London, England, United Kingdom · 2 investments in Estonia Education startups

Christopher Sier - Executive Chairman @ ClearGlass

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Investment focus

  • Industry: Education, Recruiting, Professional Services
  • Stage:Seed, Pre-Seed
  • Geography: Estonia

Investor stats

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

Portfolio highlights

  • Jobbatical — Jobbatical takes care of the entire relocation process for you. Just sit back and relax.
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Trind Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Education startups

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.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Finland, Estonia, Spain

Investor stats

  • Total investments: 53
  • Round size: Seed $590k–$4.9M; Series A $5.9M–$15M; Venture - Series Unknown $692k–$6.7M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — raised $53M in 2022

Portfolio highlights

  • Ringy — Ringy is a marketplace for refurbished electronics.
  • Aampere — Aampere is a marketplace for the purchase and sale of used powered mobility. Their services include personal contact, wide delivery, condition checking upon collection, and washing and cleaning before delivery. They are neutral intermediaries between buyer and seller.
  • Bahn Express — Bahn Express is a global car transportation company that supports independent contractors while offering quick and easy auto shipping throughout Europe.
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Mistletoe
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Estonia Education startups

Mistletoe is a hub for startups and the overall entrepreneurial ecosystem. It specifically provides learning opportunities for entrepreneurs, facilitates startup communities, invests in and supports startup companies and venture capitals.

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Investment focus

  • Industry: Information Technology, Software, Education
  • Stage:Seed, Series A
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 102
  • Round size: Seed $702k–$5.4M; Series A $2.2M–$44M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • ULUU — ULUU is an ocean material that replaces plastic and actively benefits the world.
  • Aquaria — Aquaria provides solutions to secure access to clean water. The organization adapts its approaches based on the needs of these communities. It addresses water-related challenges through various methods.
  • Funderbeam — 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.
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Credo Ventures
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 2 investments in Estonia Education startups

We partner with outstanding technology founders from Central and Eastern Europe to help them realize their global ambitions.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Czech Republic

Investor stats

  • Total investments: 185
  • Round size: Seed $800k–$7M; Pre-Seed $385k–$5M; Series A $2M–$19M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely actively investing — fresh fund, raised $88M in 2026

Portfolio highlights

  • Modeinspect — acreom is the integrated markdown knowledge base with tasks. Your personal daily driver for your dev workflow.
  • Fabrica AI — Fabrica AI offers a revolutionary platform for faster robot development, using custom hardware designs and learned optimal control to increase efficiency while minimizing complexity and cost. With a vision for a future where robot development takes days, not years.
  • Delta Green — Aggregating household assets in large controllable block of flexibility.
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Inovo.vc
VC Fund · Warsaw, Mazowieckie, Poland · 2 investments in Estonia Education startups, 8 in the past 12 months

VC for the most ambitious founders in CEE

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Poland, United States, United Kingdom

Investor stats

  • Total investments: 103
  • Round size: Seed $329k–$9.9M; Pre-Seed $700k–$3.4M; Series A $1.7M–$23M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely still investing — raised $107M in 2022

Portfolio highlights

  • Creem — Creem is the all-in-one platform where software companies run payments, taxes, affiliates and revenue - together Finance for humans building online
  • Yope — Salo is a discussion platform that erases the borders for people with diverse opinions to let anyone speak up and be heard.
  • Nanogram — Nanogram is an AI-powered gaming startup that creates an instant prompt-to-game platform, allowing anyone to build and share interactive short-form video games. Frequently described as "TikTok for mobile games," the company delivers an endless, vertical social feed of byte-sized, zero-download games that players swipe through and playinstantly.
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Joakim Karske
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Education startups

Joakim Karske

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Investment focus

  • Industry: Education, Recruiting, Professional Services
  • Stage:Seed, Pre-Seed
  • Geography: Estonia

Investor stats

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

Portfolio highlights

  • Jobbatical — Jobbatical takes care of the entire relocation process for you. Just sit back and relax.
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Prototron
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Education startups

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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Investment focus

  • Industry: Software, Manufacturing, Energy
  • Stage:Pre-Seed, Grant, Seed
  • Geography: Estonia, Finland, Germany

Investor stats

  • Total investments: 55
  • Round size: Seed $4k–$13k; Grant $5.3k–$24k; Pre-Seed $6.2k–$66k
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Parcelsea — Parcelsea is a technology firm that provides e-commerce users and last-mile delivery service providers with an open network platform. The goal is to create a smart mailbox that is user-friendly and secure for everyone.
  • 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.
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Northstar Ventures
VC Fund · Newcastle Upon Tyne, Newcastle upon Tyne, United Kingdom · 2 investments in Estonia Education startups, 9 in the past 12 months

Northstar Ventures invests venture capital in early and later stage, high growth companies tackling global challenges, focusing on climate tech and healthy ageing.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: United Kingdom, United States, Indonesia

Investor stats

  • Total investments: 270
  • Round size: Seed $46k–$1.6M; Series A $295k–$10M; Venture - Series Unknown $261k–$3.8M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely still investing — raised $20M in 2024

Portfolio highlights

  • OneClickComply — Automate SOC 2, ISO 27001, Cyber Essentials, and 10+ frameworks. OneClickFix remediates 1,000+ controls automatically. Trusted by 30+ organisations.
  • Land Digital — Land Digital is a tech, web design, web creation, content marketing, digital marketing, SEO, and mobile application agency.
  • Magnitude Biosciences — Magnitude Biosciences is a biotechnology firm combine experience in ageing research, the nematode C. elegans and automation.
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Indrek Prants
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Education startups

Indrek Prants - Co-Founder @ Elasteq do Brasil

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Investment focus

  • Industry: Education, Recruiting, Professional Services
  • Stage:Seed, Series A
  • Geography: Estonia

Investor stats

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

Portfolio highlights

  • Jobbatical — Jobbatical takes care of the entire relocation process for you. Just sit back and relax.
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TrueSight Ventures
VC Fund · London, England, United Kingdom · 1 investments in Estonia Education startups

TrueSight Ventures is a venture capital firm investing in pre-seed and seed deals.

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Investment focus

  • Industry: Artificial Intelligence, Software, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Sweden, United States

Investor stats

  • Total investments: 89
  • Round size: Seed $668k–$7M; Pre-Seed $530k–$2.5M; Series A $8M–$15M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Navifare — Navifare is an AI-powered travel price optimization and metasearch platform that focuses on flight, hotel, and car rental price comparison. The platform analyzes flight offers users already found and searches for lower fares from online travel agencies and airlines. Users can upload screenshots, paste flight details, or use a Chrome extension thatoverlays a “Find Better Fare” button on major booking sites. Navifare exposes its price discovery capabilities via a web app, a REST API, and an MCP server for integration into AI assistants. It redirects users to partner sites to complete bookings and does not handle payments directly.
  • Zerolook — Zerolook provides a flight-shopping API for online travel agencies, airlines, metasearch services, and AI travel applications. Its machine-learning model predicts flight prices and itineraries using historical fare data instead of recomputing every fare combination through a global distribution system or airline system. The API returns predicteditineraries, prices, and confidence scores for exploratory search, while customers route completed bookings through their existing distribution channels. Zerolook supports REST and MCP integrations and provides booking links to external airlines and online travel agencies.
  • Artificial Labs — Artificial connects brokers and insurers across the specialty market. Underwriting technology and placement tools to move risk faster, with less in the way.
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Rakuten
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Estonia Education startups

Rakuten Group, Inc. is a leading global company that contributes to society by creating value through innovation and entrepreneurship. Browse corporate information, including company overview, investor relations, sustainability and careers.

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Investment focus

  • Industry: E-Commerce, Financial Services, FinTech
  • Stage:Series A, Series B, Seed
  • Geography: United States, Japan, Singapore

Investor stats

  • Total investments: 88
  • Round size: Seed $800k–$6M; Series A $2.8M–$16M; Series B $5.3M–$40M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — raised $200M in 2016

Portfolio highlights

  • AironWorks — A platform for the AI agents that keep an enterprise continuously ready.
  • Rakuten Medical — Rakuten Medical is a biotechnology company developing investigational cancer therapies based on its proprietary Alluminox platform. This platform integrates a drug, a device, and other components to deliver photoimmunotherapy, a treatment that combines a light-activated dye with a targeting agent to selectively destroy cancer cells. Thecompany's lead asset, ASP-1929, is an antibody-dye conjugate currently approved in Japan for treating unresectable locally advanced or recurrent head and neck cancer. Rakuten Medical is conducting global clinical trials to evaluate the safety and efficacy of its therapies in combination with other treatments. The company also offers an Expanded Access Program to provide investigational products to patients with serious or life-threatening diseases who lack other treatment options. Rakuten Medical operates in multiple countries and focuses on developing new cancer treatments based on its Alluminox™ platform.
  • Genesis Healthcare — Genesis Healthcare's mission is to make a meaningful impact on people's health and wellness through genetic science and health tech.
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HardGamma Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 1 investments in Estonia Education startups

HardGamma Ventures is a venture capital fund that invests in startups that focuses on computing, internet, biotechnology, and more. Early stage VC fund focused on Polish and CEE startups.The Fund invests in projects such as seed and startups in the area of computing, Internet, mobile technologies, the biotechnology sector and physicochemicaltechnologies. HardGamma Ventures invests in strong teams developing projects with global potential - providing funding and support for business planning, marketing, product positioning and other business functions.The HardGamma team is constantly in contact and cooperation with leading competitions and incubator programs in Europe and USA - Seedcamp (UK), The Difference Engine (UK), Springboard (UK), Startup Bootcamp (Denmark), TechStars (United States), and the pan-European incubator program HackFwd (Germany), where the team is responsible for the assessment and certification program for start-ups, and the International Incubator of the University of Maryland (United States).The team of HardGamma is also building a network affiliation with other VC funds in the region to broaden the range of exploration and investment opportunities and to increase international support and business opportunities for the portfolio of projects.

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Investment focus

  • Industry: Software, E-Commerce, Education
  • Stage:Seed, Series A
  • Geography: United Kingdom, Poland, United States

Investor stats

  • Total investments: 39
  • Round size: Seed $35k–$1.4M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • 1mind — Finding a therapist is hard, we can help. Get matched to a therapist near you with 1mind.
  • Codility — The #1 online coding test & interview platform for enterprises. Assess technical talent with valid skill-based assessments and interviews.
  • Proxigroup — Solving the lack of visibility and transparency in asset management.
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Contriber Ventures
VC Fund · Tartu, Tartumaa, Estonia · 1 investments in Estonia Education startups

.Cocoon | Hubs | Investments

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Investment focus

  • Industry: Software, Apps, Music
  • Stage:Seed, Angel, Series A
  • Geography: Estonia, Finland, Germany

Investor stats

  • Total investments: 7
  • Round size: Seed $972k–$2.1M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Speakly — SPEAKLY is a powerful language learning tool
  • Timbeter — Digital supply chain management for timber. Our Timber Resource Planning ensures that the forestry industry & governments increase sustainability, efficiency and transparency
  • Ready Player Me — The Ready Player Me platform leverages AI, ML , and a suite of developer-first tools to empower developers to integrate avatars into their games and apps to launch faster, improve user adoption, and grow revenue through asset monetization.
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Mana Ventures
VC Fund · San Francisco, California, United States · 1 investments in Estonia Education startups

Mana Ventures is a San Francisco based VC firm that invests in early stage technology companies and consumer brands.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Canada, Mexico

Investor stats

  • Total investments: 112
  • Lead/follow: no public data

Portfolio highlights

  • Sahay AI — Smart Inspection solutions for infrastructure
  • Peer AI — The agentic AI platform for life sciences—Peer AI accelerates regulatory & clinical documentation across phases, combining speed, quality & compliance.
  • Ruli — Ruli | The AI Teammate for Legal Professionals.
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Thorgate Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Education startups

We invest both capital and our know-how into startups. Join us and let's change the world

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Investment focus

  • Industry: Software, SaaS, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, United Kingdom, Norway

Investor stats

  • Total investments: 22
  • Lead/follow: no public data

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.
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Kristel Kruustük
Angel · 1 investments in Estonia Education startups

Kristel is the Founder of Testlio, an expert community of verified mobile testers with a platform that seamlessly integrates into your team’s development process.Testlio believes in quality versus quantity when it comes to both testers and prioritizing issues, resulting in faster development cycles and improved apps.

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Investment focus

  • Industry: Education, Recruiting, Health Care
  • Stage:Pre-Seed, Series A
  • Geography: Estonia

Investor stats

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

Portfolio highlights

  • Jobbatical — Jobbatical takes care of the entire relocation process for you. Just sit back and relax.
  • CARÁ Health — Suun combines a midwife-powered app with studios in Tallinn and Berlin to ease pregnancy and postpartum symptoms, build strength and support you every day.
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BlackPine
VC Fund · Central, Hong Kong Island, Hong Kong · 1 investments in Estonia Education startups

BlackPine is a private investment company based in Hong Kong. We focus on advancing humanity by partnering with visionaries in transformative fields that will bring joy and advanced quality of life for all.

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Investment focus

  • Industry: Blockchain, Financial Services, FinTech
  • Stage:Series A, Seed, Series C
  • Geography: Hong Kong, United States, United Kingdom

Investor stats

  • Total investments: 26
  • Round size: Seed $1.5M–$11M; Series A $5M–$483M; Series C $20M–$104M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Terminal 3 — Trusted identity & security for an agentic future.
  • Neutral Trade — Quant Strategies Marketplace backed by @yzilabs @incubator @drwtrading | Official Links: https://t.co/LducMMG0ly
  • Fireplace — its not gambling if u know ur gonna win
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Gunnar Kobin
Angel · 1 investments in Estonia Education startups

Gunnar Kobin

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Investment focus

  • Industry: Education, Recruiting, Professional Services
  • Stage:Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Jobbatical — Jobbatical takes care of the entire relocation process for you. Just sit back and relax.
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Gleb Braverman
Angel · 1 investments in Estonia Education startups

Entrepreneur, angel investor, always curious

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Investment focus

  • Industry: SaaS, Software, Training
  • Stage:Seed, Pre-Seed
  • Geography: Estonia, United States

Investor stats

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

Portfolio highlights

  • Sizze — Tool to build & publish apps with export to code
  • SpeakerGuru — A peer-to-peer employee training platform that comprise easy-to-use online learning and proven efficiency of offline trainings through VR collaboration
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G-FUND
VC Fund · Munich, Bayern, Germany · 1 investments in Estonia Education startups

We are a cross over of generations. Combining the wisdom of investing with the stamina to accelerate models for the new consumer. Our focus are next-gen consumer businesses in the areas of nutrition & food, digital health & wellness, clean beauty & cosmetics, sustainable fashion & clothing, as well as digital education.

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Investment focus

  • Industry: Wellness, Health Care, Food and Beverage
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Germany, Switzerland

Investor stats

  • Total investments: 7
  • Lead/follow: no public data

Portfolio highlights

  • XOXO Soda — XOXO Soda is a plant-based drink with prebiotic fiber that is low in sugar and calories.
  • Vocal Image — Join 4M+ Vocal Image users to improve your communication skills in just minutes. Discover your voice type, boost confidence & speak better. Try now.
  • dsb Deutsche Sanierungsberatung — dsb Deutsche Sanierungsberatung provides easy and sustainable solutions for climate-friendly homes energy-efficient renovations for homeowners.
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Icebreaker.vc
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Estonia Education startups

Founded in 2016, Icebreaker has invested in over 50 fast-growing tech startups built by domain expert founders from companies like Rovio, Nordea, Pipedrive, Eniram, IBM and BCG. In addition to the fund, Icebreaker also runs a community of more than 1000 founders and pre-founders with 5+ years of relevant industry experience and the will to start,build or join strong tech companies.With the initial ticket sizes of €150k - 800K Icebreaker provides enough funding for companies to get to a position of strength and avoid post-accelerator limbo without having to resort to disreputable sources of capital and unfriendly deal terms.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Finland, Sweden, Estonia

Investor stats

  • Total investments: 143
  • Round size: Seed $409k–$5.4M; Pre-Seed $110k–$1.3M; Series A $3.1M–$25M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: May invest from a new fund soon — raised $24M in 2021

Portfolio highlights

  • Cytely — Cytely operationalizes biological measurement, turning microscopy into standardized, reproducible data so research teams can accelerate discovery.
  • Oplane — Connect your repo. See and fix your vulnerabilities in minutes. AI-powered threat modeling - no consultants, no weeks of docs.
  • Cota Robotics — Cota Robotics deploys general-purpose robots in retail stores through a Robot-as-a-Service model, integrating with existing environments without requiring changes to store layouts or infrastructure. The company automates shelf replenishment, inbound handling, and order picking using human-in-the-loop teleoperation, with autonomy increasing asdeployment data trains its models.
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Joel Aasmae
Angel · 1 investments in Estonia Education startups

Joel is based in Tallinn and takes care of our operations as the Managing Partner. Chat with him at most industry events in Europe.

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Investment focus

  • Industry: Education, Recruiting, Professional Services
  • Stage:Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Jobbatical — Jobbatical takes care of the entire relocation process for you. Just sit back and relax.
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Joe Zadeh
Angel · San Francisco, California, United States · 1 investments in Estonia Education startups

Joe Zadeh

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Investment focus

  • Industry: Information Technology, Artificial Intelligence, Music
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Italy, United States, Estonia

Investor stats

  • Total investments: 15
  • Round size: Seed $2.2M–$13M; Pre-Seed $544k–$5.1M; Series A $13M–$19M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Ephos — Designing and manufacturing glass-based integrated photonic circuits that power the most advanced classical and quantum devices
  • Lexroom.ai — Lexroom.ai allows lawyers to complete hours of legal research in seconds.Legal professionals spend up to 50% of their time in repetitive, low value-adding tasks. That’s why we’re building Lexroom.ai, a product that allows lawyers to complete hours of research in seconds, so they can focus on what really matters.Lexroom.ai perfectly integrateswith lawyers' daily workflow and enables them to speed up time-consuming legal research tasks while increasing output quality, so that they can focus more on value-adding activities.Lexroom.ai is building a bridge between advanced artificial intelligence technologies and legal professionals, through a product specifically tailored to their needs.
  • AUDIOGEN — Generate your sounds with AI. Create an infinite world of sounds - sound effects, samples, and music, instantly. Get Started Free.
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CofounderZone
VC Fund · Warsaw, Mazowieckie, Poland · 1 investments in Estonia Education startups

CofounderZone stands for ecosystem, where two coexisting worlds are finding common ground to cooperate. The blue ocean is represented by innovative enterprises, utilising groundbreaking technologies and non-linear business models, but lacking resources to scale. The red ocean is the opposite world, dominated by corporations, strugling to maintaintheir position, despite being equiped with abundence of knowledge and assets. This type of collaboration is not easy. That is why CofounderZone, puts strong emphasis on people – cofounders of startups and founders of established businesses, turned angel investors, to help the exchange of experience, human and investment capital. #cfdrz

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Investment focus

  • Industry: Mobile Apps, E-Commerce, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Poland, United States, Estonia

Investor stats

  • Total investments: 18
  • Lead/follow: no public data

Portfolio highlights

  • Aleet — Aleet has developed sophisticated systems encompassing proprietary digital twin technology for strategic fleet operational planning and advanced AI-driven routing optimization. It serves sectors such as fleet operators, e-commerce, food delivery, civil services, defense, and more.
  • Milluu — Helping places become homes! Milluu is the app that gets personal, relevant and smart about rent.We believe that things are done properly when you're personally invested. And we invest our technology & smart tools to help you find your next home or your next ideal tenant!We have created a service app that connects directly listers andtenants based on their preferences.Based on AI and ML, our Milluu Bot is the friendly face of the app, assisting you permanently in your rental journey, making suggestions for great matches and helping you close the deal.
  • SilkPLM — Managing a collection of products is a collaborative effort - which is why a single platform to manage the process, such as SilkPLM, is key to success. See for yourself!
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Rockaway Ventures
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 1 investments in Estonia Education startups

Rockaway Ventures (Fund of Rockaway Capital) focuses on late-stage venture and growth equity ESG investments in digital economy in Europe

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Investment focus

  • Industry: Travel, Tourism, Rental
  • Stage:Seed, Series A
  • Geography: Germany, Greece, Estonia

Investor stats

  • Total investments: 13
  • Lead/follow: no public data

Portfolio highlights

  • Cruxo — The success of Amazon strongly motivated all retailers to adopt retail media to grow their business. For all of them we created CRUXO. Platform that allows retailers to boost their revenues and profitability. Simply by enabling vendors to employ data, targeting as well as native ad formats. Customers who are set in a shopping mode activelyrespond to targeted contextual promotions. Ads for products that natively complement their current needs and increase the size of their shopping cart.Overall the customers are happier, while both retailers and vendors grow their business.
  • Apaleo — Transform your hospitality business with an open platform. Easily connect 3rd party applications to build a best-in-class tech stack for your hotel
  • Valpas — Valpas is the hygiene protocol that reassures your future guests and keeps your hotel clean from the most uncontrollable: bed bugs
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Education startups

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

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Investment focus

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, Latvia, Lithuania

Investor stats

  • Total investments: 60
  • Lead/follow: no public data

Portfolio highlights

  • Eurora — Eurora develops an e-commerce suite of customs compliance tools.
  • FanSifter — FanSifter is a fan data management platform that leverages machine learning to help rights holders in music, entertainment, and sports increase tickets, music, merch, experiences, and sponsorships sales.
  • RecruitLab — Teamdash's built-in recruitment, applicant tracking, and marketing features give you the focus you need to achieve the impossible. Here's how.
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Devotion Ventures
VC Fund · Göteborg, Vastra Gotaland, Sweden · 1 investments in Estonia Education startups

Devotion Ventures rapidly builds and scales profitable, high-growth startups by providing strategic investment, experienced operational teams, and proven growth methodologies.

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Investment focus

  • Industry: Education, Recruiting, Professional Services
  • Stage:Series A
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Jobbatical — Jobbatical takes care of the entire relocation process for you. Just sit back and relax.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Hyde Park Venture Partners
VC Fund · Chicago, Illinois, United States · 1 investments in Estonia Education startups

Hyde Park Venture Partners is an early-stage venture capital firm focused on high-growth, mid-continent technology startups. We seek companies with an exceptional founding team and fast-growth potential, looking to raise a first or second round of capital.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Estonia

Investor stats

  • Total investments: 182
  • Lead/follow: no public data

Portfolio highlights

  • Certiverse — Certiverse is an end-to-end exam development platform using industry-leading psychometric standards, intuitive machine learning, and an innovative, asynchronous, crowdsourced content-creation model.
  • Benji — Benji is a modern API for loyalty programs. It helps businesses enhance conversion rates and profitability by providing clients with a new way to pay using rewards points.
  • Slip Robotics — Auto-load and auto-unload any truck in 5 minutes with SlipBots to drive 10X speed, safety, and savings across the supply chain. With Slip, truckers don't wait and forklift drivers don't risk it.
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Peter Vesterbacka
Angel · Helsinki, Southern Finland, Finland · 1 investments in Estonia Education startups

Peter Vesterbacka is the Founder at FinEst Bay Area, Mobile Monday, and Slush. He served as the Chief Marketing Officer and Mighty Eagle of Rovio Entertainment Oy. Vesterbacka manages the Rovio Entertainment’s business strategy, including expanding Angry Birds into broader entertainment franchise. He serves as Senior Advisor of Transfluent Oy.Previously, he has founded Some Bazaar, he has held several communications industry related positions at Hewlett Packard and founded the Hewlett Packard Mobile E Services Bazaar and he is the co-founder and original initiator of MobileMonday. He serves as a Director of Star Wreck Studios, Start Up Sauna, BlueGiga Technologies Oy, Oy Filmkompaniet Alpha Ab and American Chamber of Commerce in Finland. He served as a Director of F-Secure Oyj since 2014 until April 7, 2015. Vesterbacka has studied marketing at Åbo Akademi.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Estonia, Finland, Faroe Islands

Investor stats

  • Total investments: 6
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Edumus — We empower students with the skills they need to succeed in today's world and future careers #edumusschool
  • Ready Player Me — The Ready Player Me platform leverages AI, ML , and a suite of developer-first tools to empower developers to integrate avatars into their games and apps to launch faster, improve user adoption, and grow revenue through asset monetization.
  • Polka Dot Studio — Kalian Bisa Memasang Taruhan Online Dengan Sangat Mudah Dan Nyaman Di Situs DEWAHOKI Yang Sudah Resmi Di Indonesia
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Geoffrey Prentice
Angel · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in Estonia Education startups

As cofounder of Oriente, Geoffrey Prentice is responsible for global business strategy, strategic partnerships, brand, and investments. He has nearly 20 years of experience founding, scaling and investing in technology companies across international markets.Before this, Geoffrey spent seven years as a founding Partner at Atomico, a leadingglobal VC firm with over US$2 billion in assets under management where he focused on sourcing new investments and working with portfolio companies on their global business development and expansion initiatives.In 2002, Geoffrey co-founded Skype, where he also served as Chief Strategy Officer. At Skype, he worked with a small team to build a leading global telecommunications platform company and oversaw its expansion into Asia and Latin America in addition to driving its initial business plan development and fundraising activities. He also played an instrumental role in the $3.1 billion exit to eBay Inc in 2005.Geoffrey holds a Bachelor's degree from the University of Michigan.

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Investment focus

  • Industry: Apps, News, Mobile
  • Stage:Seed, Series A, Series C
  • Geography: United States, India, Estonia

Investor stats

  • Total investments: 4
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Pepo — Buy the domain name Pepo.com and launch your business with a premium domain and a high quality logo.
  • Betable — Betable is a casino-first, technology-led iGaming platform. Launch and scale casino, sportsbook, player accounts, payments, CRM and compliance on one stack.
  • Lingvist — Lingvist is an innovative language learning platform that uses artificial intelligence, natural language processing, and machine learning algorithms to make the learning process faster and more efficient.Lingvist is a subscription service for language learning, accessible via three platforms (web, iOS, and Android) worldwide.Lingvist waslaunched in 2013 and is operated from Tallinn, Estonia.
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Ragnar Sass
Angel · 1 investments in Estonia Education startups

Ragnar Sass is the Co-Founder of Darkstar Camp. He previously worked at LIFT99 as a Founder and CEO. Ragnar Sass attended Estonian Business School.

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Investment focus

  • Industry: Software, Information Technology, Marketplace
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Estonia, Ukraine, United States

Investor stats

  • Total investments: 35
  • Round size: Seed $677k–$5.9M; Pre-Seed $206k–$2M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Alvin — Highly accurate, automated column-level lineage, powering your data workflows.
  • BeTRITON — 100% electric recreational vehicle - revolution in sustainable travel. BeTRITON (formerly known as Z-Triton) offers extraordinary experience and freedom to travel both over land and water.
  • Around — The largest network of workspaces on flexible terms. We are a savvy team from Latin America providing fast-growing companies with on-demand access to flexible office space. Everywhere.We believe work at its best is always creative and collaborative, expressed with freedom, autonomy, and purpose; and the space surrounding us should help us achieveit, anywhere & everywhere.We are shaping the future of work today by improving workspaces and the rules around them, and helping innovative teams find their ideal space to make their best work every day — our first step on a journey to change the way we work and think about work.Our best work. Anywhere. Everywhere. We are Around.
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LocalGlobe
VC Fund · London, England, United Kingdom · 1 investments in Estonia Education startups, 32 in the past 12 months

Seeding ambitious founders at places like @citymapper, @improbableio,@teamkano, @moo, @songkick,@seedcamp, @transferwise and @zoopla since 1999. Who's next?

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, United States, France

Investor stats

  • Total investments: 440
  • Round size: Seed $1.5M–$12M; Pre-Seed $1M–$5.1M; Series A $4M–$30M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $500M in 2022

Portfolio highlights

  • Phase0 — Payment platform for construction projects
  • Resolutiion — Resolutiion provides AI-powered software for managing commercial conflict, delivery risk, and business relationship performance. The platform supports organizations with dispute detection, workflow automation, contract monitoring, issue resolution, and operational risk management across customers, suppliers, workforce teams, and commercialpartnerships. Its system uses AI-driven analysis to identify relationship friction, monitor delivery performance, and support structured resolution processes. Resolutiion also provides commercial intelligence tools, reporting, and collaboration features for enterprise delivery and governance management.
  • Maven Robotics — Maven Robotics is building the world's leading general purpose AI robots.
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Andrés Echecopar
Angel · Madrid, Madrid, Spain · 1 investments in Estonia Education startups

Andrés Echecopar

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Investment focus

  • Industry: SaaS, FinTech, Internet
  • Stage:Pre-Seed, Angel
  • Geography: Spain, Estonia

Investor stats

  • Total investments: 3
  • Round size: Pre-Seed $55k–$150k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Finanbest — Finanbest is an automated theft advisor that provides financial advice and online portfolio management through algorithms and with minimal human intervention. It is a web service that facilitates the creation of a personalized investment portfolio adapted to the context of each person through a simple test.The company makes the investment modelof large assets available to all, it combines the use of advanced automated investment platform with the advice of financial experts.Finanbest was founded on 2017 and is headquartered in Madrid, Spain.
  • SpeakerGuru — A peer-to-peer employee training platform that comprise easy-to-use online learning and proven efficiency of offline trainings through VR collaboration
  • Quantic Brain — They operate under a commercial model that provides value from the generation of opportunities to the achievement of the agreed success. The mode of operation is based on accompanying their clients in the design and execution of Turn-Key Projects , from the beginning to the end.
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Ivo Remmelg
Angel · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Education startups

Ivo Remmelg is a Venture Partner at Superhero Capital and the Founding Partner of NestCap. Ivo Remmelgs, President of the Estonian Business Angel Network.

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Investment focus

  • Industry: Mobile, Sports, FinTech
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Estonia, Latvia, Norway

Investor stats

  • Total investments: 5
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Efenco — Efenco is a deep-tech startup developing patented clean energy conversion technologies, that increase the combustion efficiency of natural gas and hydrogen by unprecedented 18%
  • Gearbox Biosciences — A biotechnology company that licenses novel antibiotic-free recombinant protein production technology in E. coli.
  • Nordic Automation Systems — Nordic Automation Systems (NAS) is an industrial automation company. We believe in the world with precise data and less tedious repetitive manual tasks. We create sensor technologies, data analysis and monitoring solutions.LoRa® technology enables us to provide end-to-end LoRaWAN™ - smart metering, smart monitoring, smart city and industrialIoT applications. NAS has about 25 employees in it's Norwegian and Estonian offices and customers in every continent.
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Easypress Technologies
VC Fund · Guildford, Surrey, United Kingdom · 1 investments in Estonia Education startups

A leading global provider of cloud based digital publishing solutions to over 500 global publishers. We understand the issues faced by publishers in the ever-changing digital world, and provide stable, scalable and flexible technology solutions to overcome today's challenges.

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Investment focus

  • Industry: Education, Recruiting, Professional Services
  • Stage:Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Jobbatical — Jobbatical takes care of the entire relocation process for you. Just sit back and relax.
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Kustaa Valtonen
Angel · Helsinki, Southern Finland, Finland · 1 investments in Estonia Education startups

Kustaa Valtonen - Board Member @ Valotalive

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Pre-Seed, Seed
  • Geography: Estonia, Faroe Islands, United States

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Edumus — We empower students with the skills they need to succeed in today's world and future careers #edumusschool
  • Usable — Usable is not just adorable - it is actually useful
  • Snorble — Snorble is a company dedicated to the development of AI-based products designed to support families in fostering healthy habits through magical experiences. Built on our Lullaboo™ platform, we connect advanced technologies and entertainment content with health and wellness. Our flagship product is an AI-driven device named Snorble® who captures theimaginations of children while building healthy habits (with an initial focus on sleep).
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Gorilla Capital
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Estonia Education startups

Gorilla Capital helps ambitious startups grow with smart funding and support. Discover how our team invests in early-stage companies.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Pre-Seed, Seed, Venture - Series Unknown
  • Geography: Finland, Sweden, Estonia

Investor stats

  • Total investments: 79
  • Round size: Seed $294k–$1.5M; Pre-Seed $149k–$680k; Venture - Series Unknown $1.1M–$2.1M
  • Lead/follow: 66% lead, 34% follow
  • Last fund: Likely actively investing — fresh fund, raised $49M in 2025

Portfolio highlights

  • Munchi — Munchi allows restaurants to manage all orders, payments and loyalty in one platform with the power of AI.
  • Amplifiles — Amplifiles is a PropTech startup that turns real estate listing photos into fully branded, high-quality videos in minute, no filming or editing required. Our video engine helps agents, photographers, and marketplaces boost engagement, generate more leads, and unlock new revenue streams.
  • Nordic Information Control — Inventering och klassificering av information, automatiskt med Nordic Information Control Platform. Automatic Regulatory compliance.
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Education Investor funding in Estonia at a glance

Stats across 33 deals from 58 investors.

58
investors
in Estonia Education startups
33
deals
in Estonia Education startups
$309k
median round
in Estonia Education startups
26%
lead investors
lead at least one round
27%
Pre-Seed
most common funding stage
71/29
VC / Angel
share of investor count

Access all 58 investors in Estonia Education startups.

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