# Top 50 Enterprise VC (Venture Capital) Funds in Estonia in June 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Specialist VC | 17 | Estonia, United Kingdom, Finland | Seed, Pre-Seed | Software, Information Technology, Artificial Intelligence |
| Icebreaker.vc | 17 | Finland, Estonia, Sweden | Pre-Seed, Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Tera Ventures | 14 | Estonia, United States, United Kingdom | Seed, Series A, Pre-Seed | Software, E-Commerce, Artificial Intelligence |
| Change Ventures | 13 | Estonia, Latvia, Lithuania | Seed, Pre-Seed, Series A | Software, Information Technology, Apps |
| Lemonade Stand | 9 | Estonia, Lithuania, India | Seed, Pre-Seed | Software, Artificial Intelligence, FinTech |
| Prototron | 8 | Estonia, Finland, Germany | Pre-Seed, Grant, Seed | Software, Manufacturing, Internet of Things |
| Thorgate Ventures | 7 | Estonia, United Kingdom, Norway | Seed, Pre-Seed, Series A | Software, SaaS, FinTech |
| Superangel | 6 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, Information Technology |
| Gorilla Capital | 5 | Finland, Sweden, Estonia | Pre-Seed, Seed, Series A | Software, SaaS, Information Technology |
| Earlybird Venture Capital | 5 | Germany, United States, United Kingdom | Series A, Seed, Series B | Software, Information Technology, Artificial Intelligence |
| BADideas.fund | 5 | Estonia, Latvia, Lithuania | Pre-Seed, Seed, Grant | Software, Information Technology, Artificial Intelligence |
| LIFT99 | 4 | Estonia, United Kingdom, El Salvador | Pre-Seed, Seed, Series A | Software, Information Technology, Legal |
| Karma Ventures | 4 | Estonia, United States, Finland | Series A, Seed, Series B | Software, Artificial Intelligence, FinTech |
| Spring Capital | 4 | Estonia, Finland, United States | Seed, Pre-Seed, Series A | Software, SaaS, E-Commerce |
| TMT Investments | 4 | United States, Estonia, United Kingdom | Seed, Series A | Software, SaaS, Social Media |
| OpenOcean | 3 | Finland, United States, United Kingdom | Series A, Series B, Seed | Software, Information Technology, SaaS |
| Union Square Ventures | 3 | United States, United Kingdom, Canada | Series A, Series B, Seed | Software, Financial Services, FinTech |
| Creandum | 3 | Sweden, Germany, United States | Series A, Seed, Series B | Software, Information Technology, Artificial Intelligence |
| Contrarian Ventures | 3 | Lithuania, United Kingdom, France | Seed, Series A, Pre-Seed | Software, Renewable Energy, Energy |
| Enterprise Estonia | 3 | Estonia | Grant, Seed, Pre-Seed | Biotechnology, Software, Mobile Apps |
| ZAKA VC | 3 | United States, Germany, United Kingdom | Seed, Pre-Seed | Artificial Intelligence, Software, Information Technology |
| Ambient Sound Investments | 3 | Estonia, United States, United Kingdom | Seed, Series A | Internet, Software, E-Commerce |
| Trind Ventures | 3 | Finland, Estonia, Spain | Seed, Series A | Software, Information Technology, SaaS |
| Expansion Capital | 3 | Latvia, United States, Norway | Seed, Debt Financing | Manufacturing, Logistics, Transportation |
| DEPO Ventures | 2 | Czech Republic, United States, Estonia | Pre-Seed, Seed, Convertible Note | Software, Artificial Intelligence, Information Technology |
| SquareOne | 2 | Germany, United States, Poland | Seed, Series A | Software, SaaS, E-Commerce |
| BootstrapLabs | 2 | United States, Estonia, Malaysia | Seed, Series A, Pre-Seed | Artificial Intelligence, Machine Learning, Software |
| Hummingbird Ventures | 2 | United States, Turkey, United Kingdom | Series A, Seed, Series B | Software, Financial Services, FinTech |
| LD Capital | 2 | United States, Singapore, United Kingdom | Seed, Initial Coin Offering | Blockchain, Cryptocurrency, Gaming |
| Mosaic Ventures | 2 | United Kingdom, United States, Germany | Series A, Series B | Software, Information Technology, FinTech |
| Karista | 2 | France, United States, Finland | Seed, Series A, Series B | Software, Biotechnology, Health Care |
| Airtree Ventures | 2 | Australia, United States, Singapore | Seed, Series A, Series B | Software, SaaS, Information Technology |
| NordicNinja VC | 2 | Finland, Sweden, Estonia | Series A, Series B, Seed | Software, Information Technology, Artificial Intelligence |
| Big Brain Holdings | 2 | United States, Singapore, United Kingdom | Seed, Pre-Seed | Blockchain, Cryptocurrency, Gaming |
| Black Pearls VC | 2 | Poland, United States, United Kingdom | Seed, Pre-Seed | Software, Artificial Intelligence, FinTech |
| Butterfly Ventures | 2 | Finland, Sweden, Norway | Seed, Pre-Seed | Health Care, Software, Information Technology |
| Parallax Ventures | 2 | Brazil, Estonia, United States | Seed, Series A, Series B | FinTech, Financial Services, Bitcoin |
| RubyLight | 2 | Estonia, Germany, United Kingdom | Seed, Series A, Pre-Seed | Apps, Mobile, E-Commerce |
| Tiny VC | 2 | United Kingdom, Germany, United States | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, Information Technology |
| Hartmann Capital | 2 | United States, Canada, Norway | Seed, Pre-Seed, Series A | Virtual Reality, Software, Blockchain |
| SquareOne Venture Capital | 2 | Germany, United States, Sweden | Seed, Series A, Series B | Software, Machine Learning, SaaS |
| Maxis | 2 | Turkey, United States, United Kingdom | Seed, Pre-Seed | Software, Artificial Intelligence, E-Commerce |
| Pomerangels ASI S.A. | 2 | Poland, Estonia, United Kingdom | Seed, Pre-Seed | Delivery, E-Commerce, Health Care |
| The Spartan Group | 2 | United States, Singapore, United Kingdom | Seed, Series A | Blockchain, Cryptocurrency, Software |
| Angel Effect | 2 | Turkey, United States, United Kingdom | Seed, Pre-Seed | Software, E-Commerce, Mobile |
| LocalGlobe | 2 | United Kingdom, United States, France | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, Information Technology |
| Passion Capital | 2 | United Kingdom, United States, Germany | Seed, Series A, Series B | Software, FinTech, Financial Services |
| InfoCert | 2 | Estonia, Germany | Pre-Seed, Corporate Round | Cyber Security, SaaS, Software |
| Mistletoe | 2 | Japan, United States, India | Seed, Series A | Information Technology, Software, Mobile |
| Boğaziçi Ventures | 2 | Turkey, United Arab Emirates, Canada | Seed, Pre-Seed | Software, Gaming, Information Technology |