Top 20 Enterprise Software Startup Investors in Estonia (September 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
Ahti Heinla
Angel
|
2 | Estonia, United States | Seed, Angel, Series A | Apps, Internet, Software | $90k–$2.3M |
|
Taavi Lepmets
Angel
|
2 | Latvia, Estonia, Germany | Seed, Angel, Venture - Series Unknown | Software, Human Resources, Apps | $90k–$4.8M |
|
Vitaly Rubstein
Angel
|
2 | Estonia, United States | Seed, Angel | Human Resources, Apps, SaaS | $90k–$200k |
|
Digital Space Ventures
VC Fund
|
1 | United Kingdom, Estonia, Germany | Seed, Pre-Seed, Series A | FinTech, Financial Services, Finance | $300k–$10M |
|
Plaridel Ltd
VC Fund
|
1 | Estonia | Angel | SaaS, Mobile, Analytics | |
|
Prototron
VC Fund
|
1 | Estonia, Finland, Germany | Pre-Seed, Grant, Seed | Software, Manufacturing, Energy | $4k–$59k |
|
Change Ventures
VC Fund
|
1 | Estonia, Latvia, Lithuania | Seed, Pre-Seed, Series A | Software, Information Technology, Apps | $273k–$39M |
|
Kima Ventures
VC Fund
|
1 | France, United States, United Kingdom | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, SaaS | $591k–$16M |
|
QPDigital
VC Fund
|
1 | United States, Ukraine, Russian Federation | Seed, Pre-Seed, Series A | Software, SaaS, Wellness | $200k–$610k |
|
Gorilla Capital
VC Fund
|
1 | Finland, Sweden, Estonia | Pre-Seed, Seed, Venture - Series Unknown | Software, Information Technology, SaaS | $149k–$2.1M |
|
Johannes Jõgi
Angel
|
1 | Estonia | Seed | SaaS, Mobile, Analytics | |
|
Karma Ventures
VC Fund
|
1 | Estonia, United States, Finland | Series A, Seed, Series B | Software, Artificial Intelligence, Information Technology | $549k–$30M |
|
Spring Capital
VC Fund
|
1 | Estonia, Finland, United States | Seed, Pre-Seed, Series A | Software, SaaS, E-Commerce | $426k–$9.1M |
|
Mark Gillett
Angel
|
1 | Estonia, United States | Seed, Private Equity | Enterprise Software, SaaS, Content | |
|
Specialist VC
VC Fund
|
1 | Estonia, United Kingdom, Finland | Seed, Pre-Seed | Software, Information Technology, Artificial Intelligence | $240k–$4.6M |
|
Jeremie Berrebi
Angel
|
1 | United States, France, Canada | Seed, Angel, Series A | SaaS, Mobile, Software | $137k–$1.1M |
|
Maria Sundlof
Angel
|
1 | Denmark, Estonia | Angel, Pre-Seed | Software, B2B, SaaS | |
|
Kim Aviram
Angel
|
1 | Estonia, United Kingdom | Angel, Series A | B2B, SaaS, Finance | |
|
Jakob Ellehauge Sode
Angel
|
1 | Denmark, Estonia | Angel, Venture - Series Unknown | B2B, SaaS, FinTech | |
|
Michael Petri Poulsen
Angel
|
1 | Estonia | Angel | B2B, SaaS, Software | |
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Ahti is the CEO, CTO and co-founder in Starship Technologies, a startup that intends to disrupt last-mile delivery by introducing self-driving local delivery robots. He is also a co-owner in Ambient Sound Investments, a private investment vehicle launched by Estonian Skype co-founders.Ahti conducts technical reviews of all ASI's potentialinvestments. His experience and knowledge as a system architect is invaluable in assessing and managing ASI's portfolio companies.Ahti picked up programming at the early age of ten, his fascination with all things technical resulting in him being the lead technical architect at Skype. Ahti has also worked on artificial intelligence, 3D graphics engines, signal processing, and building mobile phones.Out of the office, Ahti dons his running gear to enjoy orienteering and adventure racing events, where navigation is his strong-point.
Show more...Investment focus
- Industry: Apps, Internet, Software
- Stage:Seed, Angel, Series A
- Geography: Estonia, United States
Investor stats
- Total investments: 7
- Round size: Seed $90k–$2.3M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Fleep — Fleep is a web, Android, iOS, Mac and Windows app that wants to bridge the gap between ‘reply all’-style group email and enterprise messaging/IM services.Founded by ex-Skypers, Fleep is a messaging service that fills the gap between email and various IM/texting services. They take email’s ability to contact anyone and marry it withreal-time messaging.They are based in Estonia, with offices in Tallinn and Tartu. Their services are hosted on Amazon EC2 in Dublin, Ireland.
- LIFT99 — 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.
- Swap.com — Swap is an online consignment and thrift store shop high-quality secondhand clothes. Shop the best brands at up to 90% off.
Taavi Lepmets - Partner @ Trind Ventures
Show more...Investment focus
- Industry: Software, Human Resources, Apps
- Stage:Seed, Angel, Venture - Series Unknown
- Geography: Latvia, Estonia, Germany
Investor stats
- Total investments: 6
- Round size: Seed $90k–$4.8M
- Lead/follow: 33% lead, 67% follow
Portfolio highlights
- Talentag — Talentag as a company runs 3 online services: Talentag.com, Utopic.me & Emp.ly. Talentag allows you to crowd-source your social talent profile. You tag your friends to tell them what they're good at or what describes them, creating a social profile for them. You also receive tags and vouches back, getting feedback from others. Yourprofile says, what others think of you. Talentag can be also used as a community database to find people according to tags. Utopic.me shows the hottest topics among your friends. You can browse the most popular links, videos, music, movies & events, shared and liked by your friends. You'll have a personalized real-time view of what's trending today among people who matter to you the most. Initial content comes mostly from Facebook, with other data sources like Twitter, Youtube and others to be added shortly. Utopic was launched in March, 2011. The company also operates Emp.ly, a a simple web app to post job ads to social networks like Twitter, Facebook and LinkedIn and add rewards and incentives for people to spread the word. It's the quickest and easiest way to post vacancies on multiple networks and get stats on views, clicks and sharing.The company is based in San Francisco, California and Tartu, Estonia.
- 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.
- Weekdone — Leading OKR software to align your teams and organization. Set structured goals, track weekly plans, and view real-time progress status.
Vitaly Rubstein - Co-Founder and Partner @ RubyLight
Show more...Investment focus
- Industry: Human Resources, Apps, SaaS
- Stage:Seed, Angel
- Geography: Estonia, United States
Investor stats
- Total investments: 3
- Round size: Seed $90k–$200k
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Talentag — Talentag as a company runs 3 online services: Talentag.com, Utopic.me & Emp.ly. Talentag allows you to crowd-source your social talent profile. You tag your friends to tell them what they're good at or what describes them, creating a social profile for them. You also receive tags and vouches back, getting feedback from others. Yourprofile says, what others think of you. Talentag can be also used as a community database to find people according to tags. Utopic.me shows the hottest topics among your friends. You can browse the most popular links, videos, music, movies & events, shared and liked by your friends. You'll have a personalized real-time view of what's trending today among people who matter to you the most. Initial content comes mostly from Facebook, with other data sources like Twitter, Youtube and others to be added shortly. Utopic was launched in March, 2011. The company also operates Emp.ly, a a simple web app to post job ads to social networks like Twitter, Facebook and LinkedIn and add rewards and incentives for people to spread the word. It's the quickest and easiest way to post vacancies on multiple networks and get stats on views, clicks and sharing.The company is based in San Francisco, California and Tartu, Estonia.
- Weekdone — Leading OKR software to align your teams and organization. Set structured goals, track weekly plans, and view real-time progress status.
Digital Space Ventures is a UK-based VC firm that invests in seed and early-stage fintech companies.
Show more...Investment focus
- Industry: FinTech, Financial Services, Finance
- Stage:Seed, Pre-Seed, Series A
- Geography: United Kingdom, Estonia, Germany
Investor stats
- Total investments: 12
- Round size: Seed $300k–$617k; Pre-Seed $1.5M–$10M; Series A $1.6M–$3.2M
- Lead/follow: 42% lead, 58% follow
Portfolio highlights
- Nodu — Send payments across borders instantly, delivered locally in 40+ currencies across 60+ countries. No FX markup. No crypto exposure for your customers.
- Paysend — PaySend is a financial technology platform that solves the universal problem to securely enable any bank card (Visa or MasterCard) to send and receive money worldwide. It is a next-generation money transfer platform allowing its users to send funds from card to card from 40 to over 60 countries.
- Velocity — Velocity provides a unified platform for efficiently moving and managing funds across both traditional banks and blockchains.
Angel investor
Show more...Investment focus
- Industry: SaaS, Mobile, Analytics
- Stage:Angel
- Geography: Estonia
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Festivality — Festivality is a platform technology for festivals and events to build smarter next-generation mobile apps, gain new revenues and actionable event and fan analytics. Festivality digitizes live events and turns them into actionable data.
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.
Show more...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 $5k–$24k; Pre-Seed $6.2k–$59k
- Lead/follow: 75% lead, 25% follow
Portfolio highlights
- Solaride — Solaride is a bunch of progressive pioneers of the future who are building Estonia's first solar car to face the ultimate challenge to prove how successfully students can create innovation.
- 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.
We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.
Show more...Investment focus
- Industry: Software, Information Technology, Apps
- Stage:Seed, Pre-Seed, Series A
- Geography: Estonia, Latvia, Lithuania
Investor stats
- Total investments: 65
- Round size: Seed $500k–$4.2M; Pre-Seed $273k–$2.2M; Series A $1M–$39M
- Lead/follow: 55% lead, 45% follow
- Last fund: Likely still investing — fund raised in 2023
Portfolio highlights
- BirdyChat — A modern work chat app for professionals. Start conversations with anyone using their work email. Collaborate and grow your network.
- Giraffe360 — Giraffe360 is game-changing subscription product for real estate companies to streamline professional quality photography and high accuracy floor plan creation.
- Saltz — Premium ingredients for your menu with no hidden delivery fees or markups.
Kima Ventures promotes the growth of startups, supporting them in the fastest and most effective ways.
Show more...Investment focus
- Industry: Software, Artificial Intelligence, SaaS
- Stage:Seed, Pre-Seed, Series A
- Geography: France, United States, United Kingdom
Investor stats
- Total investments: 714
- Round size: Seed $650k–$5.5M; Pre-Seed $591k–$3.8M; Series A $1.3M–$16M
- Lead/follow: 9% lead, 91% follow
Portfolio highlights
- Hoora — Hoora is a mobile gaming platform that offers an instant, scrollable feed of over 200 casual and arcade mini-games playable without downloads or waiting.
- Klaimee — Certify your AI agent. Get guaranteed. Risk evaluation, certification badge, financial guarantee, and liability insurance for AI agents.
- Shiplong — Shiplog gives every customer a live profile and decides the next best action in real time, so you expand, retain and grow revenue from the customers you already have.
Venture Capital Firm 2.0 focused on Deep Tech, It-logistics and Digital Healthcare industries.
Show more...Investment focus
- Industry: Software, SaaS, Wellness
- Stage:Seed, Pre-Seed, Series A
- Geography: United States, Ukraine, Russian Federation
Investor stats
- Total investments: 11
- Round size: Pre-Seed $200k–$610k
- Lead/follow: 45% lead, 55% follow
- Last fund: May invest from a new fund soon — last raise in 2021
Portfolio highlights
- Onlizer — Onlizer allows connecting services and automates processes fast and efficient without coding.
- Big Wolf Games — Mobile-first entertainment with digital property rights powered by Original IP, Licensed IP & NFTs
- Teampulse — Teampulse: corporate platform for team productivity We are a US-based b2b Saas company with Ukrainian roots and a back office.Teampulse - corporate development platform that improves productivity through quests, challenges, and data-driven insights. In 3 clicks HRs, Operations, or Executives can set goals, initiate team challenges, and trackprogress. Users have access to engaging app with challenges, physical activities and team quests.
Gorilla Capital helps ambitious startups grow with smart funding and support. Discover how our team invests in early-stage companies.
Show more...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.
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!Johannes Jõgi
Show more...Investment focus
- Industry: SaaS, Mobile, Analytics
- Stage:Seed
- Geography: Estonia
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Festivality — Festivality is a platform technology for festivals and events to build smarter next-generation mobile apps, gain new revenues and actionable event and fan analytics. Festivality digitizes live events and turns them into actionable data.
karma.vc is an early stage venture capital fund focusing on seed and early stage technology companies in Europe.
Show more...Investment focus
- Industry: Software, Artificial Intelligence, Information Technology
- Stage:Series A, Seed, Series B
- Geography: Estonia, United States, Finland
Investor stats
- Total investments: 54
- Round size: Seed $549k–$4.8M; Series A $3.9M–$17M; Series B $3.1M–$30M
- Lead/follow: 59% lead, 41% follow
- Last fund: Likely still investing — raised $113M in 2021
Portfolio highlights
- Mindgard — Mindgard is the leading provider of AI Red Teaming solutions.
- Leil Storage — ON-PREMISES DISTRIBUTED FILE STORAGE WITH CLOUD-SCALE DENSITY+23% extra FREE capacity and density NOW +23% extra FREE capacity and density NOW +20% lower CO₂ emissions and power costs NOW up to +70% saved energy in the futureFirst distributed filesystem that supports the biggest HDDs on the planet, enabling enterprises with HM-SMR basedstorage.
- Starship Technologies — The future of delivery - today!
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: 26
- Round size: Seed $426k–$2.5M; Pre-Seed $500k–$2.5M; Series A $7.4M–$9.1M
- Lead/follow: 19% lead, 81% follow
- Last fund: May invest from a new fund soon — raised $7.4M 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.
Mark Gillett is based out of Menlo Park, California and is the CEO and Board of Directors of Qualtrics. Mark previously worked at Alvarez & Marsal as a Managing Director and Partner.
Show more...Investment focus
- Industry: Enterprise Software, SaaS, Content
- Stage:Seed, Private Equity
- Geography: Estonia, United States
Investor stats
- Total investments: 2
- Lead/follow: 50% lead, 50% follow
Portfolio highlights
- Deekit — Deekit is a virtual whiteboard that enables people to collaborate infinitely in real-time using any kind of content. Be it drawing, text, images, anything.
- WP Engine — WP Engine empowers companies and agencies of all sizes to build, power, manage, and optimize their WordPress websites and applications with confidence. The global technology company serves and powers more than 5 million sites, providing premium, enterprise-grade solutions, tools, and services, including specialized hosting platforms for websites built on WordPress, industry-tailored agency solutions, and developer-centric tools like Advanced Custom Fields, NitroPack, Local, and more. Innovative technology and industry-leading expertise are why Pandora, Experian, Equifax, VMware, HubSpot, and Dell choose WP Engine. Learn more at wpengine.com.
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: 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.
Jeremie Berrebi is the CEO and Founder of MeetB. He previously worked at Fresh Planet as a Co-Founder. Jeremie Berrebi attended Yeshiva Netivot Olam.
Show more...Investment focus
- Industry: SaaS, Mobile, Software
- Stage:Seed, Angel, Series A
- Geography: United States, France, Canada
Investor stats
- Total investments: 24
- Round size: Seed $137k–$1.1M
- Lead/follow: 4% lead, 96% follow
Portfolio highlights
- Aniways — Aniways has an SDK for adding "intelligence and interaction" to mobile communication services, giving any chat/IM/social networking service an amazing way to monetize their traffic. Aniways allows users to easily add dynamic, expressive and fun emoticons to their conversations.
- Optix — Optix is the only coworking software enhanced with end-to-end automation capabilities to save time and accelerate your growth.
- Immediately — Compare sweepstakes casinos rated for game variety and Sweeps Coins value. See welcome offers, redemption rules and how the free-to-play model works.
Maria Sundlof is a Program Director at NKT and CEO & Owner of Procevia.
Show more...Investment focus
- Industry: Software, B2B, SaaS
- Stage:Angel, Pre-Seed
- Geography: Denmark, Estonia
Investor stats
- Total investments: 2
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Hala.ai — Conversational AI platform that blends everyday business software into one conversational UI. QuickBooks Online Digital Assistant & Web chat for IBM Watson.
- Obital — I'm Elias, a guy from Denmark doing start-ups, coding and a bunch of fun projects in Engineering.
Kim Aviram
Show more...Investment focus
- Industry: B2B, SaaS, Finance
- Stage:Angel, Series A
- Geography: Estonia, United Kingdom
Investor stats
- Total investments: 2
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Hala.ai — Conversational AI platform that blends everyday business software into one conversational UI. QuickBooks Online Digital Assistant & Web chat for IBM Watson.
- United Capital Finance LLC — United capital finance is a global alternative investment management firm, since its founding in 2010, this firm has operated with a long-term approach to investing, focused on diversifying and uncorrelated alpha strategies.The objective of this firm's discretionary global macro strategies is to produce a high risk-adjusted return over thelong term by using a disciplined, repeatable investment process within a strong risk management framework.United believes in integrity, transparency, and alignment of interest are essential, uncompromising parts of your busses model.
Jakob Ellehauge Sode
Show more...Investment focus
- Industry: B2B, SaaS, FinTech
- Stage:Angel, Venture - Series Unknown
- Geography: Denmark, Estonia
Investor stats
- Total investments: 2
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Hala.ai — Conversational AI platform that blends everyday business software into one conversational UI. QuickBooks Online Digital Assistant & Web chat for IBM Watson.
- Meo — The NewBanking Identity platform makes it easy for businesses to handle personal data and perform PEP checks for those subject to AML laws. Learn more here.
Michael Petri Poulsen
Show more...Investment focus
- Industry: B2B, SaaS, Software
- Stage:Angel
- Geography: Estonia
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Hala.ai — Conversational AI platform that blends everyday business software into one conversational UI. QuickBooks Online Digital Assistant & Web chat for IBM Watson.
Enterprise Software Investor funding in Estonia at a glance
Stats across 21 deals from 29 investors.
Access all 29 investors in Estonia Enterprise Software startups.
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