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Top 15 Fashion VC Funds & Investors in Estonia (September 2026)

The most active venture capital funds investing in Estonia Fashion startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Estonia Fashion 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
5 Estonia, United States, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, FinTech $120k–$14M
Specialist VC
VC Fund
4 Estonia, United Kingdom, Finland Seed, Pre-Seed Software, Information Technology, Artificial Intelligence $240k–$4.6M
ZAKA VC
VC Fund
3 United States, Germany, United Kingdom Seed, Pre-Seed Artificial Intelligence, Software, Information Technology $250k–$7M
Trind Ventures
VC Fund
3 Finland, Estonia, Spain Seed, Venture - Series Unknown, Series A Software, Information Technology, SaaS $590k–$15M
BADideas.fund
VC Fund
2 Estonia, Latvia, Lithuania Seed, Pre-Seed, Grant Software, Information Technology, Artificial Intelligence $110k–$3.6M
RubyLight
VC Fund
2 Estonia, Germany, United Kingdom Seed, Series A, Pre-Seed Apps, Mobile, E-Commerce $1.5M–$6.4M
Everywhere Ventures
VC Fund
2 United States, Australia, India Pre-Seed, Seed, Series A Software, Health Care, FinTech $250k–$20M
Conor Venture Partners
VC Fund
1 Finland, United States, Sweden Series A, Series B, Seed Software, Analytics, Semiconductor $1.1M–$18M
Entrepreneurs Fund
VC Fund
1 United Kingdom, United States, Germany Series B, Series A Biotechnology, Health Care, Software $3.2M–$22M
Prototron
VC Fund
1 Estonia, Finland, Germany Pre-Seed, Grant, Seed Software, Manufacturing, Energy $4k–$59k
Ukrainian Startup Fund
VC Fund
1 Ukraine, United States, United Kingdom Grant, Pre-Seed, Seed Software, Information Technology, Health Care $25k–$150k
EBRD Venture Capital
VC Fund
1 United States, Egypt, Israel Series B, Seed, Grant Artificial Intelligence, Software, Robotics $50k–$50M
Vesna Capital
VC Fund
1 United States, United Kingdom, Estonia Seed, Pre-Seed, Series A Software, Information Technology, Apps $550k–$6.6M
Bangladesh Angels
VC Fund
1 Bangladesh, United States, India Seed, Angel, Pre-Seed SaaS, Fashion, E-Commerce $40k–$1.5M
One Vision Group
VC Fund
1 Estonia Seed Eyewear, Fashion, E-Commerce
Access all 29 VC funds in Estonia Fashion startups.

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Investor list

Tera Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 5 investments in Estonia Fashion 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 $587k–$3.8M; Pre-Seed $120k–$2.2M; Series A $1.6M–$14M
  • Lead/follow: 55% lead, 45% 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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Specialist VC
VC Fund · Tallinn, Harjumaa, Estonia · 4 investments in Estonia Fashion startups, 7 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: 71
  • 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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ZAKA VC
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 3 investments in Estonia Fashion startups

ZAKA Startups is a private pre-seed and seed venture capital company. It is focused on early-stage software driven investments across the whole EU with primary focus on CEE, DACH and Baltics. ZAKA operates primarily from Prague and Bratislava with scouts in Berlin and Baltic region.

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Investment focus

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

Investor stats

  • Total investments: 112
  • Round size: Seed $520k–$7M; Pre-Seed $250k–$1M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — raised $16M in 2024

Portfolio highlights

  • Yenmo — Unlock instant funds with India's best loan against mutual funds starting from 9.89% interest rate. Quick online approval, zero hidden charges, and no foreclosure fees.
  • Olio Labs — Olio Labs utilizes AI for combo therapeutics, optimizing and minimizing side effects through automated discovery of protein interactions.
  • Creasallis — The creative antibody solutions company
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Trind Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Estonia Fashion 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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BADideas.fund
VC Fund · 2 investments in Estonia Fashion startups, 11 in the past 12 months

BADideas.fund backs bold founders from the Baltics and CEE with fast, founder-friendly funding. Led by a community of unicorn builders, we support early-stage B2B and marketplace startups with global ambition.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Grant
  • Geography: Estonia, Latvia, Lithuania

Investor stats

  • Total investments: 43
  • Round size: Seed $939k–$3.6M; Pre-Seed $110k–$1.3M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Tapaya — A modern, fast payment app that runs on any device you already own: phone, tablet or kiosk. Accept contactless payments in store with Tap to Pay, with nothing to buy and nothing to install on a counter.
  • ForActive — ForActive The Best App to Buy & Sell Memberships
  • Spotwise.ai — Spotwise hears every ad on TV, radio and podcasts, then puts AI agents on that data to do market research, reports, ad strategy and find new advertisers.
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RubyLight
VC Fund · Riga, Riga, Latvia · 2 investments in Estonia Fashion startups

RubyLight is experienced tech entrepreneurs that founded a new technology investment fund in 2010.Their passion is to help fast growing internet and mobile startups to scale and expand globally. Social media, content sharing, communications, and crowd sourcing are their favorite areas of investment.RubyLight offers startups its professionaltech team, proprietary technology, and financial funding to help young companies scale up and expand globally much faster than their competitors.

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Investment focus

  • Industry: Apps, Mobile, E-Commerce
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Estonia, Germany, United Kingdom

Investor stats

  • Total investments: 12
  • Round size: Seed $1.5M–$5.7M; Series A $5.9M–$6.4M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Yaga — Yaga is designed for everyone who wants to sell items online in a convenient and secure manner.
  • Yaga — Yaga is an online selling and shopping platform for new and preloved fashion. Buy preloved clothing safely or open your own shop and sell. Find unique second hand clothes, earn extra money and help save the Planet.
  • MegaMod — OnlySpace metaverse creation will allow users to receive bonuses and benefit from participating in several projects at the same time:
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Everywhere Ventures
VC Fund · New York, New York, United States · 2 investments in Estonia Fashion startups

Everywhere Ventures is a global pre-seed venture capital fund for founders, by founders. Click to read Everywhere VC, by Everywhere Ventures, a Substack publication with tens of thousands of subscribers.

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Investment focus

  • Industry: Software, Health Care, FinTech
  • Stage:Pre-Seed, Seed, Series A
  • Geography: United States, Australia, India

Investor stats

  • Total investments: 1303
  • Round size: Seed $1M–$6.5M; Pre-Seed $250k–$2.5M; Series A $6M–$20M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: Likely actively investing — fresh fund, raised $4.4M in 2026

Portfolio highlights

  • Donna — Meet Donna, the AI assistant built for field sales teams. Save time, cut admin, and close more deals with less effort.
  • Keebler Health — AI-Enabled Coding for Medical Billing Teams
  • Neurometric AI — Making Intelligence Free | https://t.co/ZxWxeMBJt2 | https://t.co/W8nlLqYwQi
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Conor Venture Partners
VC Fund · Espoo, Southern Finland, Finland · 1 investments in Estonia Fashion startups

Conor Venture Partners is a new breed technology venture capital fund and management company. Conor invests in early-stage companies originating from Nordic and Baltic countries. Investment areas include information and communications technology, embedded software, semiconductor technology, electronics, new materials and optics.

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Investment focus

  • Industry: Software, Analytics, Semiconductor
  • Stage:Series A, Series B, Seed
  • Geography: Finland, United States, Sweden

Investor stats

  • Total investments: 47
  • Round size: Seed $1.1M–$3.3M; Series A $3.9M–$8.8M; Series B $2.5M–$18M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $60M in 2010

Portfolio highlights

  • Blackwood Seven — Blackwood Seven is a media analytics platform which strives to increase the effect of company’s media spend using our predictive analytics framework built on machine learning and artificial intelligence. Using real-time modelling and advanced KPI prediction we are able to increase a company’s media ROI by up to 15-25%.
  • Verto Analytics — Verto Analytics (Verto) operates a passive metering panel that provides researchers, advertisers, and publishers the data they need to keep up with the rapid and changing pace of consumer media consumption on every app, device, service, and platform. This ongoing, longitudinal panel captures a wide breadth of behaviors—all enriched to clients’behavioral analysis or custom survey studies. Our single-source, passive metering data sets provide the information needed to understand the full digital footprint of the U.S. population. Our Data Labs are located in the US, and in Helsinki, Finland. http://www.vertoanalytics.com.
  • Aito Technologies — We are a world leader in Customer Experience Analytics for mobile operators. Aito provides better understanding and management the entire customer life cycle helping them identify key relationships and the context between business drivers, customer segments, networks, services, and devices, throughout the customer life cycle.
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Entrepreneurs Fund
VC Fund · London, England, United Kingdom · 1 investments in Estonia Fashion startups

Entrepreneurs Fund provides early stage and growth financing alongside active support to entrepreneurial teams. Their current areas of investment focus are Life-sciences, Water, Materials and Automotive Technology.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Series B, Series A
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 44
  • Round size: Series A $3.2M–$14M; Series B $3.4M–$22M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • OptiNose — Optinose is a specialty pharmaceutical company focused on creating and bringing to market innovative products for patients with diseases treated by ear, nose, and throat (ENT) and allergy specialists.
  • Realeyes — VerifEye is Better Than CAPTCHA. Vision AI that verifies age, gender and physical characteristics in milliseconds without collecting or storing sensitive documents.
  • General Fusion — General Fusion is developing fusion energy: a clean, safe, abundant and on-demand approach to generating electricity.
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Prototron
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Fashion 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 $5k–$24k; Pre-Seed $6k–$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.
Show all investments...

Access 48,091 investors

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

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Ukrainian Startup Fund
VC Fund · Kyiv, Kyyiv, Ukraine · 1 investments in Estonia Fashion startups

USF originally set up to promote the development of the local startup ecosystem and today is the largest local angel investor with already 130 funded startups and the most extensive startups database and stakeholders (over 3,000 applications).

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Grant, Pre-Seed, Seed
  • Geography: Ukraine, United States, United Kingdom

Investor stats

  • Total investments: 242
  • Round size: Seed $50k–$150k; Grant $25k–$50k; Pre-Seed $25k–$50k
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • Josti — Josti is a proptech platform that allows users to rent homes for one to twelve months without paying real estate fees.
  • Romtos — Romtos is a career path portal that connects IT firms, students, and freelancers.
  • PeopleForce — PeopleForce is one of the BEST and fastest growing online HR Software service provider, we consist​ of highly qualified and experienced members with dedicated team. we love the fact that our solution and software is making HR service more convenient and easy for our customer. Our Product Include Applicant Tracking Software: Our service help youfind the right person more faster and easier Staff Onboarding: Every phase of onboarding process with a new employer is important. By using our onboarding software you will increase employee retention and save more money and stress. Leave tracking: Leave tracking will help you to easily record leave for holidays, vacations, half-day etc.Electronic signatures: Tool to sign your documentHR Reporting: This prove report on all employee on annual salary and current employment status with date range.Performance management: Measure the effective and efficient manner to employee process that enhances your employee’s performance through aligned goals and development. employee directory: Employer master database, thus providing all the information about employee. Custom workflows: Design a custom workflow to fit your organization needs. At PeopleForce , we understand the difficulties in getting the best hands. We also understand the necessity to use good and reliable software and service. We're here to help all of our customers and their unique needs. PeopleForce we “OFFER THE BEST”
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EBRD Venture Capital
VC Fund · London, England, United Kingdom · 1 investments in Estonia Fashion startups

EBRD VC is the venture investing arm of the European Bank for Reconstruction and Development, investing in high growth technology companies across all verticals

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Investment focus

  • Industry: Artificial Intelligence, Software, Robotics
  • Stage:Series B, Seed, Grant
  • Geography: United States, Egypt, Israel

Investor stats

  • Total investments: 16
  • Round size: Seed $3.3M–$7M; Grant $50k–$52k; Series B $17M–$50M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Alcatraz AI — The Rock is an all-in-one touchless biometric access control device that combines facial biometrics, AI, and machine learning for top-notch security.
  • Revisior — Revisior is the best service for working with feedback and NPS, building a complete business process for customer retention and return. We provide detailed service analytics in numbers, graphs, and dashboards for an entire situation understanding and prompt solution.We form a positive brand reputation by improving the quality of service. We helpbusinesses and governments to identify and solve customer problems quickly. Fast response to reviews from different communication channels (QR, Viber, SMS, Email, API).
  • RemotePass — RemotePass makes it easy to hire, onboard & pay your global team in full compliance, giving you everything you need to support them
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Vesna Capital
VC Fund · Kyiv, Kyyiv, Ukraine · 1 investments in Estonia Fashion startups

Vesna Capital is a venture capital fund founded by successful entrepreneurs and innovators.

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Investment focus

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

Investor stats

  • Total investments: 21
  • Round size: Seed $550k–$6.6M; Pre-Seed $579k–$2.7M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Embedd — Chips modelled as digital twins. Software, tests and simulations generated for any target.
  • ForActive — ForActive The Best App to Buy & Sell Memberships
  • Superapp — Build iOS, Mac and Apple Watch swift native apps and games with AI. One click to App Store & ASO. Join Superapp Discord https://t.co/klNe8391Vw
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Bangladesh Angels
VC Fund · Dhaka, Dhaka, Bangladesh · 1 investments in Estonia Fashion startups

Bangladesh Angels operates as an angel investing platform. Its mission to nurture innovation and entrepreneurship in Bangladesh, connecting them to both local and global investors. Bangladesh Angels was founded in 2018 and is headquartered in Dhaka, Bangladesh.

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Investment focus

  • Industry: SaaS, Fashion, E-Commerce
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Bangladesh, United States, India

Investor stats

  • Total investments: 14
  • Round size: Seed $200k–$1.5M; Angel $40k–$60k; Pre-Seed $84k–$100k
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Adeffi — Adeffi is a tech-enabled ad marketplace revolutionizing OOH and DOOH advertising with innovative, data-driven solutions and gig economy integration. Since 2019, we’ve leveraged technology to transform the physical world into dynamic ad opportunities, helping brands connect with target audiences through impactful outdoor strategies. Profitable andsurpassing $1M in annual revenue in 2024, Adeffi is reshaping the future of advertising in Bangladesh and expanding to cities in India, Nepal, Thailand and Vietnam.
  • Airwrk — Post jobs, screen with AI assessments, and track applicants in one platform. Free ATS, job board, and 15,000+ candidates across 45+ countries.
  • Shuttle — Shuttle is a mass-transit startup based in Bangladesh that provides safe transportation at an affordable fare by moving more people with fewer vehicles and caters to both B2B and B2C customers.
Show all investments...

One Vision Group
VC Fund · Lugano, Ticino, Switzerland · 1 investments in Estonia Fashion startups

An independent firm that identifies and supports products, technologies, and sustainable models for the future of the consumer industry.

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Investment focus

  • Industry: Eyewear, Fashion, E-Commerce
  • Stage:Seed
  • Geography: Estonia

Investor stats

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

Portfolio highlights

  • OhSpecs — Shop affordable prescription glasses online OhSpecs. It is easy to order glasses online from us at affordable prices: choose a frame, specify your prescription of the lenses, and pay for the purchase.
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Fashion VC funding in Estonia at a glance

Stats across 23 deals from 29 investors.

29
investors
in Estonia Fashion startups
23
deals
in Estonia Fashion startups
$1.6M
median round
in Estonia Fashion startups
28%
lead investors
lead at least one round
43%
Seed
most common funding stage

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