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Top 50 Finance Startup Investors in Estonia (August 2026)

The most active venture capital funds and angel investors investing in Estonia Finance startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Estonia Finance startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Practica Capital
VC Fund
5 Lithuania, United Kingdom, United States Seed, Pre-Seed, Series A Software, B2B, Information Technology $219k–$30M
Superangel
VC Fund
5 Estonia, United States, Finland Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $165k–$20M
FJ Labs
VC Fund
3 United States, Brazil, United Kingdom Seed, Series A, Series B Software, E-Commerce, Financial Services $1.4M–$68M
Token Ventures
VC Fund
3 Estonia, Switzerland, France Seed, Pre-Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Web3 $650k–$3.5M
Blockchain Founders Fund
VC Fund
3 United States, United Kingdom, Singapore Seed, Pre-Seed Blockchain, Cryptocurrency, FinTech $200k–$6M
Morgan Creek Digital
VC Fund
3 United States, Canada, Israel Seed, Series A, Series B Blockchain, FinTech, Financial Services $3.5M–$200M
Triin Hertmann
Angel
2 Estonia Seed, Pre-Seed E-Commerce, FinTech, Software $127k–$3M
Golden Egg Check Capital
VC Fund
2 The Netherlands, Germany, Canada Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $537k–$5.1M
Martin Sokk
Angel
2 Estonia Pre-Seed, Seed Rental, FinTech, Finance $531k–$971k
Stellar Development Foundation
VC Fund
2 United States, Kenya, Singapore Grant, Seed, Pre-Seed Financial Services, FinTech, Blockchain $20k–$9.9M
Antler
VC Fund
2 Singapore, Australia, United Kingdom Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Pinto Ventures
VC Fund
2 United Kingdom, Estonia, Germany Pre-Seed, Seed, Angel FinTech, Financial Services, Software $1.2M–$1.4M
Untapped Capital
VC Fund
2 United States, Mexico, Estonia Pre-Seed, Seed Artificial Intelligence, E-Commerce, B2B $415k–$3M
Tolaram Group
VC Fund
2 India, Brazil, Estonia Seed, Corporate Round, Equity Crowdfunding FinTech, Financial Services, Credit $700k–$1.5M
Julien Bouteloup
Angel
2 France, United States, Singapore Seed, Angel, Pre-Seed Blockchain, Cryptocurrency, FinTech $250k–$10M
500 Istanbul
VC Fund
2 United States, Turkey, Estonia Seed, Pre-Seed, Series A Software, Information Technology, Machine Learning $250k–$15M
SeedBlink
VC Fund
2 Romania, United States, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Information Technology $137k–$35M
Tera Ventures
VC Fund
2 Estonia, United States, United Kingdom Seed, Series A, Pre-Seed Software, E-Commerce, Artificial Intelligence $120k–$13M
Index Ventures
VC Fund
2 United States, United Kingdom, France Series A, Series B, Seed Software, E-Commerce, Internet $1.5M–$102M
365.fintech
VC Fund
2 United Kingdom, Germany, Czech Republic Seed, Pre-Seed, Series A FinTech, Financial Services, Finance $121k–$13M
ff Venture Capital
VC Fund
2 United States, Poland, Canada Seed, Series A Software, Artificial Intelligence, Information Technology $974k–$12M
TIBAS Ventures
VC Fund
2 United States, Turkey, United Kingdom Seed, Series A Artificial Intelligence, Health Care, Software $100k–$75M
Anatoly Yakovenko
Angel
2 United States, United Kingdom, Singapore Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, Software $500k–$73M
500 Emerging Europe
VC Fund
2 United States, Turkey, Poland Seed, Pre-Seed, Series A Software, SaaS, Artificial Intelligence $425k–$7M
Markus Villig
Angel
2 Estonia, United States, United Kingdom Seed, Pre-Seed, Angel Software, Information Technology, FinTech $230k–$3.5M
Austin Federa
Angel
2 United States, Estonia, Singapore Seed, Pre-Seed, Series A Blockchain, Web3, Cryptocurrency $2M–$50M
Kash Dhanda
Angel
2 Estonia, Singapore Seed, Angel, Pre-Seed Blockchain, Web3, Cryptocurrency $5.5M–$11M
Multitude Bank
VC Fund
2 Latvia, Norway, Estonia Debt Financing, Post-IPO Debt, Post-IPO Equity FinTech, Financial Services, Banking $5.8M–$20M
Johan Pietilä Holmner
Angel
1 Estonia Pre-Seed Finance, Payments, Financial Services
Martin Olofsson
Angel
1 Estonia Pre-Seed Finance, Payments, Financial Services
Global Founders Capital
VC Fund
1 United States, Germany, United Kingdom Seed, Series A, Pre-Seed Financial Services, Software, FinTech
Nadav Ben-Chanoch
Angel
1 United States, United Kingdom, France Seed, Pre-Seed Software, Information Technology, Health Care $125k–$5.5M
Evald-Hannes Kree
Angel
1 Estonia Seed Bitcoin, FinTech, Finance
Parachain Ventures
VC Fund
1 Estonia, Gibraltar, Hong Kong Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.5M–$14M
Kimmo Rytkönen
Angel
1 Estonia Seed FinTech, Finance, Marketplace
Pareto Holdings
VC Fund
1 United States, France, United Kingdom Seed, Pre-Seed Software, Information Technology, Health Care $125k–$7.3M
GSR
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $1.5M–$50M
GoldenTree Asset Management
VC Fund
1 United States, Singapore, Australia Seed, Series A, Venture - Series Unknown Blockchain, Financial Services, Cryptocurrency $2.7M–$80M
Kair Käsper
Angel
1 Estonia, United States, Lithuania Pre-Seed, Seed, Angel Software, SaaS, AgTech $450k–$3M
Magnus Capital
VC Fund
1 United States, India, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $1.3M–$34M
CoinFund
VC Fund
1 United States, United Kingdom, Canada Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.5M–$30M
Stratos Technologies
VC Fund
1 United States, Canada, France Seed, Series A Blockchain, Software, Cryptocurrency $1M–$91M
LedgerPrime
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.2M–$40M
Morningstar Ventures
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Gaming $1.5M–$25M
Mask Network
VC Fund
1 United States, Singapore, Japan Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Web3 $900k–$25M
ZBS CAPITAL
VC Fund
1 United States, Singapore, United Kingdom Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $1M–$6M
Mapleblock Capital
VC Fund
1 United States, Singapore, Switzerland Seed, Venture - Series Unknown, Series A Blockchain, Cryptocurrency, Gaming $1.8M–$22M
Mikko Silventola
Angel
1 Estonia, Finland, United States Pre-Seed, Seed, Angel Marketplace, Software, E-Commerce $37k–$4.2M
Wintermute
VC Fund
1 United States, Singapore, Cayman Islands Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $3M–$50M
Formless Capital
VC Fund
1 United States, Singapore, Vietnam Seed, Pre-Seed Blockchain, Gaming, Software $750k–$35M
Access all 105 investors in Estonia Finance startups.

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

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Investor list

Practica Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 5 investments in Estonia Finance startups

Practica Capital

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Investment focus

  • Industry: Software, B2B, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Lithuania, United Kingdom, United States

Investor stats

  • Total investments: 125
  • Round size: Seed $219k–$3.3M; Pre-Seed $500k–$2.4M; Series A $2.4M–$30M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $85M 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
  • kopa.ai — AI agents for e-commerce growth.
  • Outcraft AI — Outcraft AI is the autonomous revenue engine built to drive growth across the entire customer lifecycle.
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Superangel
VC Fund · Tallinn, Harjumaa, Estonia · 5 investments in Estonia Finance startups

Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io

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Investment focus

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

Investor stats

  • Total investments: 81
  • Round size: Seed $767k–$6.2M; Pre-Seed $165k–$1.6M; Series A $5.3M–$20M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $35M in 2022

Portfolio highlights

  • OTee — OTee's Industrial Automation platform makes it possible to create and manage industrial-grade virtual control systems, based on open standards and architecture!
  • Spiral Hydrogen — All-in-one, bubble-free centrifugal electrolyzer with an embedded axial flux generator that sets a new standard in efficiency and simplicity.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
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FJ Labs
VC Fund · New York, New York, United States · 3 investments in Estonia Finance startups

FJ Labs is a stage-agnostic investment firm that focuses on marketplaces and consumer facing startups.

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Investment focus

  • Industry: Software, E-Commerce, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, Brazil, United Kingdom

Investor stats

  • Total investments: 1429
  • Round size: Seed $1.4M–$10M; Series A $5M–$30M; Series B $12M–$68M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — raised $5.5M in 2016

Portfolio highlights

  • Lastro — Lastro is building Lais, an autonomous AI worker for real estate agencies, starting in Brazil. Our AI agent initially automated lead engagement and qualification via WhatsApp, helping brokerages boost revenue and improve marketing ROI. In each brokerage, Lais acts as a personalized AI “team member” that engages with leads instantly, searches forproperties and answers common inquiries. Brokerages that have Lais in their teams are growing quickly and reporting up to 60% increases in lead conversion rates.
  • Revelo — Scale your development team with the top 1% of 1,000,000+ software engineers in Latin America. Get matched with senior remote developers who have strong technical and English-speaking skills & hire them without the overhead. We handle payroll, taxes, and HR. Flat monthly rate.
  • Metaloop — Metaloop is a scrap trading company that helps businesses from the metal recycling industry to boost revenue without scaling.
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Token Ventures
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 3 investments in Estonia Finance startups

We see a bright future of blockchain-based technologies.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Estonia, Switzerland, France

Investor stats

  • Total investments: 9
  • Round size: Seed $650k–$3.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Elusiv — Elusiv offers compliance in mind with next-generation privacy solutions for a better Web3.
  • Blockmate — Connect millions of crypto users to your app with a single API
  • Teneo Protocol — Teneo Protocol is a decentralized physical infrastructure network (DePIN) initiative.
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Blockchain Founders Fund
VC Fund · Singapore, Central Region, Singapore · 3 investments in Estonia Finance startups

We Focus Exclusively On Adding Value To Blockchain & Emerging Technology Projects With Real World Applications.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 263
  • Round size: Seed $550k–$6M; Pre-Seed $200k–$2.5M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — raised $75M in 2022

Portfolio highlights

  • Rilla — Demonstrating 90% reduction in cost-to-serve for live-streaming, Rilla is rewiring the content economy, directing the value generated back to creators and their communities.By leveraging audience bandwidth and rewarding them with ownership in the network, the savings are equivalent to a free month subscription every year for a moderate level ofviewership.Founded by the technical founders behind Altered State Machine, acquired for 214m. Together for 5+ ventures, collectively raising 130m+ and valued at 1b+.
  • Osmo — Osmo is a payment company that helps people to send and receive money immediately.
  • Uniblock — Uniblock helps connect developers with Web3 using our APIs and services. Our developers use Uniblock because of how easy it is to integrate into exciting applications. Try it for free today!
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Morgan Creek Digital
VC Fund · Chapel Hill, North Carolina, United States · 3 investments in Estonia Finance startups

Morgan Creek Digital is a hedge fund backed by Morgan Creek Capital. Morgan Creek Digital specializes in the fields of digital asset management, financial services, and venture capital. It was founded in 2004 and headquartered in Chapel Hill, North Carolina.

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Investment focus

  • Industry: Blockchain, FinTech, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 46
  • Round size: Seed $3.5M–$14M; Series A $10M–$200M; Series B $7M–$155M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $80M in 2021

Portfolio highlights

  • Oxmiq Labs — Licensable GPU IP and a unified runtime for the age of inference. OXMIQ Labs is re-architecting the GPU stack from atoms to agents.
  • Venice — Private & Unrestricted AI | https://t.co/iIt1pyF1TK
  • Zap Solutions — Zap, the crypto wallet which allows users to purchase Bitcoin instantly via the Lightning Network
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Triin Hertmann
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Finance startups

Triin Hertmann is based out of Tallinn, Harjumaa, and is the President of Estonian Founders Society. Triin previously worked at Ekspress Grupp as a Member of The Supervisory Board. Triin Hertmann attended the Tallinn University. Triin Hertmann has been certified in the Chair Education Program.

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Investment focus

  • Industry: E-Commerce, FinTech, Software
  • Stage:Seed, Pre-Seed
  • Geography: Estonia

Investor stats

  • Total investments: 9
  • Round size: Seed $1.1M–$3M; Pre-Seed $127k–$531k
  • Lead/follow: 0% lead, 100% 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.
  • Grünfin — Grünfin is a sustainable investing platform for people who care about their impact.
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Golden Egg Check Capital
VC Fund · Enschede, Overijssel, The Netherlands · 2 investments in Estonia Finance startups

Het venture capital fonds van Golden Egg Check investeert samen met de beste angels en VCs in snelgroeiende techbedrijven.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: The Netherlands, Germany, Canada

Investor stats

  • Total investments: 39
  • Round size: Seed $1.1M–$5.1M; Pre-Seed $537k–$1.3M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: Likely still investing — raised $511k in 2022

Portfolio highlights

  • Orq.ai — Orq.ai is the platform to build, ship, and scale AI fast and in control. Give your teams one secure place to develop, test, deploy, and monitor GenAI applications.
  • Peak Quantum — Peak Quantum focused on developing inherently error-protected superconducting quantum processors (QPUs).
  • Circle Health — Your partner for holistic health.
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Martin Sokk
Angel · London, England, United Kingdom · 2 investments in Estonia Finance startups

Martin Sokk is a Co-Founder, CEO of Lightyear Company. He attended Estonian Information Technology College.

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Investment focus

  • Industry: Rental, FinTech, Finance
  • Stage:Pre-Seed, Seed
  • Geography: Estonia

Investor stats

  • Total investments: 3
  • Round size: Pre-Seed $531k–$971k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Montonio — 10x lower fees and the most customer-friendly financing solution.
  • Vok Bikes — We build heavy-duty cargo bikes and rent them out to on-demand delivery companies and their couriers — no surprises, no extra fees. Currently active in Tallinn and Vilnius and expanding to London and Berlin Q4 2021.
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Stellar Development Foundation
VC Fund · San Francisco, California, United States · 2 investments in Estonia Finance startups, 14 in the past 12 months

Stellar Development Foundation is a decentralized, fast, scalable, and uniquely sustainable network for financial products and services. It is both a cross-currency transaction system and a platform for digital asset issuance, designed to connect the world’s financial infrastructure. Dozens of financial institutions worldwide issue assets andsettle payments on the Stellar network, which has grown to over 4 million accounts. The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of Stellar. Founded in 2014, the Foundation maintains Stellar’s codebase, supports the technical and business communities building on the network, and serves as a voice to regulators and institutions. The Foundation seeks to create equitable access to the global financial system, using the Stellar network to unlock the world’s economic potential through blockchain technology.

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Investment focus

  • Industry: Financial Services, FinTech, Blockchain
  • Stage:Grant, Seed, Pre-Seed
  • Geography: United States, Kenya, Singapore

Investor stats

  • Total investments: 66
  • Round size: Seed $1.9M–$9.9M; Grant $20k–$200k; Pre-Seed $50k–$2.5M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $100M in 2022

Portfolio highlights

  • Hito — Make crypto accessible and safe for all humans founder @mishabunte
  • Jia — Small businesses drive the economy. They deserve to own a piece of it. Jia gives entrepreneurs anywhere in the world power to control their financial destiny. We provide blockchain-based financing to businesses in emerging markets and reward them with ownership, enabling them to create wealth and prosperity for themselves and their communities.
  • Range — The financial control layer for companies operating across stablecoins, crypto and fiat rails.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Antler
VC Fund · Singapore, Central Region, Singapore · 2 investments in Estonia Finance startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

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

Investor stats

  • Total investments: 2198
  • Round size: Seed $159k–$4.6M; Pre-Seed $100k–$647k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $72M in 2024

Portfolio highlights

  • myluigi.ai — Luigi is an AI-Powered Full-Stack Game Growth-as-a-Service platform designed to help mobile game studios scale user acquisition, engagement and lifetime value without adding headcount. Its dual-engine architecture automates and operates everything from ad campaign creation and real-time creative optimization to personalized in-game offers and LTVforecasting—delivered through a single, easy-to-integrate and unified dashboard. With a flexible per-title pricing model and powerful machine-learning insights, Luigi empowers mid-sized and indie developers to reduce CPI, boost retention and chart a clear path toward sustainable growth and seven-figure ARR.
  • Forti Foods — The mission of Forti Foods is to enhance communities and change lives beyond the plate by fostering resilience and dignity via sustainable food innovation.
  • Occam Industries — Modernising automation for modern conflict environments. Sole European supplier to the Ukrainian front line.
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Pinto Ventures
VC Fund · Zug, Zug, Switzerland · 2 investments in Estonia Finance startups

We provide the capital, the time and support you need to build your most ambitious and successful business

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Pre-Seed, Seed, Angel
  • Geography: United Kingdom, Estonia, Germany

Investor stats

  • Total investments: 14
  • Round size: Angel $1.2M–$1.4M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • eTEU — eTEU is a startup that works on documentation process optimisation and digitalisation in the container shipping industry
  • Roundabout — La piattaforma per gestire in pochi click le tue campagne di influencer marketing raccontando i tuoi valori e le tue idee. Scopri subito il tool!
  • Vonzu — VONZU is a SaaS solution for logistics and delivery management, which allows orchestration of the entire supply chain by integrating retailers and logistics operators in the same cloud ecosystem.
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Untapped Capital
VC Fund · 2 investments in Estonia Finance startups

Untapped Capital is an early-stage venture capital firm.

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Investment focus

  • Industry: Artificial Intelligence, E-Commerce, B2B
  • Stage:Pre-Seed, Seed
  • Geography: United States, Mexico, Estonia

Investor stats

  • Total investments: 28
  • Round size: Seed $1M–$3M; Pre-Seed $415k–$1.8M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Clave — Chat with your data, get automated reports, and make better decisions for your restaurants.
  • RetentionZen — RetentionZen is the AI CSM. Our agentic platform pulls signal from Segment, Amplitude, Mixpanel, Stripe, Intercom, Zendesk, and your CRM to autonomously protect and grow revenue across every post-sales motion — churn defense, expansion, and closed-lost recovery. Built for CEOs and CROs who treat NRR as a first-class revenue function.
  • Loretta Technologies — Simplifying technology management for K-12 schools.
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Tolaram Group
VC Fund · Singapore, Central Region, Singapore · 2 investments in Estonia Finance startups

Creating Possibilities, for Generations. For over 70 years, Tolaram has been improving lives through our businesses in diverse geographies. We aspire to do even more.

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Investment focus

  • Industry: FinTech, Financial Services, Credit
  • Stage:Seed, Corporate Round, Equity Crowdfunding
  • Geography: India, Brazil, Estonia

Investor stats

  • Total investments: 6
  • Round size: Seed $700k–$1.5M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Click Cash — Click Cash is a mobile App that simplifies the complicated and bureaucratic process of personal unsecured lending to individuals. 
Available on Google Play Store for Android devices, the app uses BigData and Open Banking for a new approach to personal finance, enabling secure and reliable microcredit to financially underserved people, in additionto financial education to help them make the best use of the new credit options that are now opening for the general public.
 Based out of São Paulo (Brazil), the Fintech startup was originally idealized by Estonian entrepreneurs that saw in Brazil and Latin America the opportunity to develop their solution. Key founders bring 15+ years of experience in online lending in Europe and were founders of Amarbank in Indonesia in 2014, which made IPO in January 2020. 
In 2019 it was estimated 45M unbanked and 65M financially underserved, but active and connected people, in Brazil alone. A group that has a financial activity of more than U$154 billion / R$ 800 billion per year, and a huge unmet demand for microcredit.
 Click Cash offers, in a 5 minutes process, from 100 USD to 1.000 USD loans to be paid back in up to 24 months. Flexible and adapted to the new digital economy, we work with other Fintechs and traditional banks alike, using the most advanced technologies in Data Analytics and Mobile Security, i.e: facial recognition and device behavioral analytics, as well as financial history, that enables us to run a full credit analysis in seconds creating personalized offers per user. 
The Click Cash App was officially launched in March 2020, and by May 2021 had +460K downloads and reached Top 5 in finance Apps in Brazil, with 4+ stars rating in Google Play Store.
  • Income — Income is a European marketplace for investing into consumer loans from around the world. Built by investors to investors, we seek to fix the problems of the current peer to peer platforms and to make a better investment experience for all. We connect consumer lending companies around the world to investors and enable an easy, fast and improvedway to invest.
  • Shandi Global — Shandi Global is developing technology that will enable it to manufacture plant-based meat substitutes that have amino acid and protein profiles that are similar to real meats, and thus have more flexible use cases than the current offerings of patties, nuggets, and sausages.
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Julien Bouteloup
Angel · London, England, United Kingdom · 2 investments in Estonia Finance startups

Julien Bouteloup is a Founder and CEO at Stake Capital Group. Julien previously worked at The British Blockchain Association as a Information Technology Advisor.Julien Bouteloup is a serial entrepreneur and inventor addicted to crazy innovative ideas. He has started his entrepreneurial career building websites and selling hardware technologies atage 14. He holds a Master's degree in Electrical Engineering from Union Graduate College (USA) and a Master's degree in Computer Science and Electrical Engineering from GEM (France), specializing in Artificial Intelligence.He started working in the research sector in USA and then went back to Europe where he started freelancing full-time and consulting in the IT sector for Security & Defence. After 2 years, he quit his freelance position to become a full-time entrepreneur and left to Asia. He has helped and started multiple tech startups in different locations: NYC, Paris, London, Hong-Kong, Brussels and Singapore.In 2017, he founded the Flyingcarpet Network.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Angel, Pre-Seed
  • Geography: France, United States, Singapore

Investor stats

  • Total investments: 26
  • Round size: Seed $1M–$10M; Angel $250k–$2.5M; Pre-Seed $960k–$3M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Raiku — Institution-grade certainty for Internet Capital Markets. Raiku is the reservation system for @Solana - land every transaction, when and where needed.
  • Zama — Secure data privacy of your application with the Zama Concrete framework and its fully homomorphic encryption library
  • Self Protocol — Self is spearheading a secure, human-first internet by allowing users to verify their identities while maintaining their privacy. Self Protocol is an identity and proof-of-humanity solution that uses zero-knowledge technology to confirm personhood and distinctive traits, like age and nationality, without revealing private information.
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500 Istanbul
VC Fund · Istanbul, Istanbul, Turkey · 2 investments in Estonia Finance startups

500 Startups is a venture capital firm on a mission to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. Since its inception in 2010, 500 has provided hundreds of millions of investment dollars, acceleration programs, and support services to thousands ofentrepreneurs in over 60 countries.

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Investment focus

  • Industry: Software, Information Technology, Machine Learning
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Turkey, Estonia

Investor stats

  • Total investments: 25
  • Round size: Seed $250k–$1.2M; Pre-Seed $720k–$2.6M; Series A $2.7M–$15M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2021

Portfolio highlights

  • Permify — Permify is an open-source authorization for building RBAC, ABAC, and Access Control in your application. Create your access control model, sync your authorization data, and enforce permission with a single check!
  • Refine — Build enterprise internal tools and B2B apps 10x faster with Refine agents. Experience the future of vibe coding and AI-led development.
  • Freeflow — The blockchain developer marketplace for web3 projects.
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Tera Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Finance startups

Tera Ventures is an international investment firm based in Estonia.

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Investment focus

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

Investor stats

  • Total investments: 69
  • Round size: Seed $531k–$3.8M; Pre-Seed $120k–$2.2M; Series A $1.6M–$13M
  • Lead/follow: 51% lead, 49% 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!
  • Brainbase — Unified Licensing Management Software. Track and visualize brand performance, contracts, and royalties. Manage approvals, track deals, and spot contract violations.
  • 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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Index Ventures
VC Fund · San Francisco, California, United States · 2 investments in Estonia Finance startups

Index Ventures is an international venture capital firm with dual headquarters in San Francisco and London, investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming, infrastructure/AI, and security.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Series A, Series B, Seed
  • Geography: United States, United Kingdom, France

Investor stats

  • Total investments: 1322
  • Round size: Seed $1.5M–$15M; Series A $5M–$38M; Series B $11M–$102M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — raised $117M in 2015

Portfolio highlights

  • OpenX — OpenX has the largest independent ad exchange network for publishers and demand partners, while maintaining the highest quality marketplace standards. Learn more.
  • Shopmonkey — Smart and simple repair shop management software that does it all. Invoices, POS system, CRM, inventory, scheduling, & more. Request a demo today!
  • Molecular Partners — Molecular Partners develops DARPin therapeutics for cancer and serious diseases through innovative oncology and radiopharmaceutical programs.
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365.fintech
VC Fund · Bratislava, Bratislava, Slovakia (Slovak Republic) · 2 investments in Estonia Finance startups

365.fintech is a boutique VC focusing on pre-seed & seed API-first, infrastructure & b2b/b2b2c fintech in broader CEE & Baltics.

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Investment focus

  • Industry: FinTech, Financial Services, Finance
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Germany, Czech Republic

Investor stats

  • Total investments: 19
  • Round size: Seed $987k–$10M; Pre-Seed $121k–$1.8M; Series A $12M–$13M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Tapline — Tapline turns your SaaS recurring revenues into fast, transparent and non dilutive growth capital.
  • Ctrl Alt — Access the world of alternative assets in a simple, transparent and secure way. Sign up to Ctrl Alt and start your alternative investment journey with us today.
  • Velaris — Velaris is a flexible, all-in-one Customer Success platform to help you create winning experiences. Automation, alerts, lifecycle management, health, intelligence
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ff Venture Capital
VC Fund · New York, New York, United States · 2 investments in Estonia Finance startups, 7 in the past 12 months

ff Venture Capital (ffVC) is a technology venture capital firm investing in some of the strongest growth areas to date, including cybersecurity, artificial intelligence, machine learning, drones, enterprise cloud software, and crowdfunding. The firm identifies and invests in technology and technology-enabled companies at its inception acrossgeographies and emerging industries. With three partners and an acceleration team of 20+ investment and operations professionals, ffVC actively participates with founders to develop products, target markets, and accelerate growth. Since 2008, ffVC has invested in over 100 companies and has helped to create companies with an aggregate market value exceeding $6 billion.

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Investment focus

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

Investor stats

  • Total investments: 309
  • Round size: Seed $974k–$4.4M; Series A $1.5M–$12M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — raised $66M in 2023

Portfolio highlights

  • Pstryk — Pstryk is a mobile app that tracks expenditures in real time to help you make budget-conscious decisions about energy consumption.
  • Nomagic — Nomagic provides robotic systems to automate repetitive pick-and-place tasks in warehouses with efficiency, flexibility and reliability.
  • FlyFocus — We specialize in the design and production of unmanned aerial vehicles for the civilian market and law enforcement.
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TIBAS Ventures
VC Fund · Besiktas, Istanbul, Turkey · 2 investments in Estonia Finance startups, 6 in the past 12 months

TIBAS Ventures operates as a venture capital firm.

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Investment focus

  • Industry: Artificial Intelligence, Health Care, Software
  • Stage:Seed, Series A
  • Geography: United States, Turkey, United Kingdom

Investor stats

  • Total investments: 31
  • Round size: Seed $100k–$7M; Series A $38M–$75M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Forithmus — Towards Medical Intelligence https://t.co/goAA8Lu61n
  • Axiology — Axiology's mission is to develop a robust trading and settlement system using Distributed Ledger Technology (DLT-TSS). Through advanced distributed ledger technology, we are building a decentralized securities infrastructure that revolutionizes financial transactions. With a focus on transparency, security, and efficiency, we are reshaping the future of finance.
  • Patientdesk.ai — Patientdesk.ai is an AI-powered front desk platform aimed largely at dental clinics, automating patient interactions such as calls, bookings, insurance verification, and payment.
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Anatoly Yakovenko
Angel · San Francisco, California, United States · 2 investments in Estonia Finance startups, 8 in the past 12 months

Anatoly is the creator of Solana. He led development of operating systems at Qualcomm, distributed systems at Mesosphere, and compression at Dropbox. He holds 2 patents for high performance Operating Systems protocols, was a core kernel developer for BREW which powered every CDMA flip phone (100m+ devices), and led development of tech that madeProject Tango (VR/AR) possible on Qualcomm phones.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 74
  • Round size: Seed $2.5M–$10M; Pre-Seed $500k–$6M; Series A $9.5M–$73M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • Ryder — 60s Setup, Secure Signing, EAL6+ Secure Element, TapSafe Recovery, IP68 Rating, Encrypted NFC.
  • VeryAI — VeryAI develops a privacy-preserving identity verification platform using palm-scan biometrics on the Solana blockchain.
  • worm.wtf — worm.wtf is the prediction marketplace for the Solana ecosystem.
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500 Emerging Europe
VC Fund · California, Kentucky, United States · 2 investments in Estonia Finance startups

Partner with 500 Global in Emerging Europe. We provide seed funding and proven accelerator programs for fast-growing tech startups across the EE region.

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Investment focus

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

Investor stats

  • Total investments: 43
  • Round size: Seed $500k–$7M; Pre-Seed $425k–$3.2M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Callsy AI — Recover up to +32% of abandoned carts with AI voice agents. Live in 5 minutes on Shopify, WooCommerce, WordPress, Klaviyo, Omnisend. 50% off launch promo.
  • Intryc — Sample tickets, evaluate human and AI agents, and unlock customer insights with the power of AI with Intryc.
  • Vidoc Security Lab — Ethical Hacking Automation platform for security teams
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Markus Villig
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Finance startups

Markus Villig is founder and CEO of Taxify. He attended University of Tartu.

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Investment focus

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

Investor stats

  • Total investments: 30
  • Round size: Seed $1M–$3.5M; Pre-Seed $230k–$3.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • BirdyChat — A modern work chat app for professionals. Start conversations with anyone using their work email. Collaborate and grow your network.
  • ScamGuardian.AI — ScamGuardian develops AI-powered victim simulations to capture actionable scam intelligence
  • Rivan Industries — Rivan Industries designs and builds modular, vertically integrated, synthetic fuel plants.
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Austin Federa
Angel · New City, New York, United States · 2 investments in Estonia Finance startups

Austin Federa is based out of New York, New York and is the Co-Founder of DoubleZero. Austin previously worked at the Solana Foundation as a Head of Strategy. Austin Federa attended Lawrence University.

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Investment focus

  • Industry: Blockchain, Web3, Cryptocurrency
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Estonia, Singapore

Investor stats

  • Total investments: 10
  • Round size: Seed $5.5M–$11M; Pre-Seed $2M–$3M; Series A $10M–$50M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Raiku — Institution-grade certainty for Internet Capital Markets. Raiku is the reservation system for @Solana - land every transaction, when and where needed.
  • Upexi — Upexi is a multi-faceted brand owner that focuses on direct-to-consumer and Amazon brands. The company pursues organic growth for its present brands while operating in sectors with high growth trends. The objective of Upexi is to keep gathering consumer information and develop a sizable client database across all markets we serve.
  • ZAR — Accelerating stablecoin adoption for the next billion users living in countries with unstable money
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Kash Dhanda
Angel · 2 investments in Estonia Finance startups

Kash Dhanda

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Investment focus

  • Industry: Blockchain, Web3, Cryptocurrency
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Estonia, Singapore

Investor stats

  • Total investments: 5
  • Round size: Seed $5.5M–$11M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Raiku — Institution-grade certainty for Internet Capital Markets. Raiku is the reservation system for @Solana - land every transaction, when and where needed.
  • Arcium — The first parallelized confidential computing network.
  • ZAR — Accelerating stablecoin adoption for the next billion users living in countries with unstable money
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Multitude Bank
VC Fund · Sliema, NA - Malta, Malta · 2 investments in Estonia Finance startups

Multitude Bank offers banking and digital financial services.

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Investment focus

  • Industry: FinTech, Financial Services, Banking
  • Stage:Debt Financing, Post-IPO Debt, Post-IPO Equity
  • Geography: Latvia, Norway, Estonia

Investor stats

  • Total investments: 5
  • Round size: Debt Financing $5.8M–$20M
  • Lead/follow: 80% lead, 20% follow

Portfolio highlights

  • ESTO — ESTO is an international company that provides various financial services. Founded in 2016, the Estonian company now offers innovative payment solutions in the Baltics and features a network of over 1000 partners and more than 120 000 consumers.The company helps merchants to sell and clients to buy - in an easy and convenient way. Merchants canintegrate the ESTO technological Checkout solution to their offline or online shop and give their customers an opportunity to buy now and pay later. ESTO innovative financial products like ESTO Slice, ESTO Hire-Purchase and ESTO Pay Later allow shoppers to get the purchased product now and pay for it later in several installments, and unders certain conditions - with no fees or interest. With another popular ESTO product - ESTO account - shoppers can quickly transfer money to their personal bank account, shop at their favourite brands, and pay back later in set installments. ESTO allows shoppers to control their spending, as they can set their own repayment schedules. Merchants that use ESTO quickly grow their client base and average cart volume - as shoppers can allow themselves to spend more since they don’t have to pay all the price at once. ESTO helps merchants increase traffic, turnover, and reorder rates. Moreover, under the certain terms and sales volumes, ESTO offers to the merchant financially beneficial partnership conditions. Together with marketing campaigns that can be set up to promote merchants' shops to more than 120 000 ESTO clients, it makes collaboration with ESTO especially attractive.
  • DelfinGroup — DelfinGroup provides consumer financial services in Latvia, including loans, pawnbroking, and money transfers. Our future vision is built on current investments in IT solutions, brand growth, and ambitious management. The company's growth is driven by its business strategy,
  • InSoil — A borderless lending marketplace, where farmers meet investors
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Johan Pietilä Holmner
Angel · Stockholm, Stockholms Lan, Sweden · 1 investments in Estonia Finance startups

Johan Pietila Holmner is the Investment Director of Summa Equity. He previously worked at HyTest as a Deputy Board Member. Johan Pietila Holmner attended Stockholm School of Economics.

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Investment focus

  • Industry: Finance, Payments, Financial Services
  • Stage:Pre-Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Creem — Creem provides Indie Hackers, Micro-SaaS and SaaS businesses with instant financial tools and functionality. As a Merchant of Record our pre-integrated embeddable components tap your existing data, boosting revenue effortlessly. No costs—pure growth potential for your business.
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Martin Olofsson
Angel · Stockholm, Stockholms Lan, Sweden · 1 investments in Estonia Finance startups

Martin Olofsson - Vice President, International Managed Services, Real-Time Payments, Europe (Interim) @ Mastercard

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Investment focus

  • Industry: Finance, Payments, Financial Services
  • Stage:Pre-Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Creem — Creem provides Indie Hackers, Micro-SaaS and SaaS businesses with instant financial tools and functionality. As a Merchant of Record our pre-integrated embeddable components tap your existing data, boosting revenue effortlessly. No costs—pure growth potential for your business.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Global Founders Capital
VC Fund · Berlin, Berlin, Germany · 1 investments in Estonia Finance startups

Over the past two decades, GFC have backed over five hundred entrepreneurs worldwide, e.g. Facebook, LinkedIn, Slack, and Away Travel.

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Investment focus

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

Investor stats

  • Total investments: 817
  • Lead/follow: no public data

Portfolio highlights

  • Personio — Personio is the Intelligent HR platform for companies from 10-5,000 employees, powering over 1 million people worldwide. Book your free demo today.
  • Talentry — Talentry TRM is your central platform for Talent Relationship Management: Sourcing, CRM, Alumni Management, Employee Referrals, Advocacy, Internal Mobility.
  • Exponential DeFi — Exponential is an investment platform for crypto holders to earn yield on their crypto through decentralized finance (DeFi) safely and easily.
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Nadav Ben-Chanoch
Angel · Miami, Florida, United States · 1 investments in Estonia Finance startups

Nadav Ben-Chanoch

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Investment focus

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

Investor stats

  • Total investments: 169
  • Round size: Seed $329k–$5.5M; Pre-Seed $125k–$2.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Swaap — We we build & operate onchain trading systems.
  • micro1 — We help companies hire and manage the best software engineers easily.
  • Dotfile — Dotfile is the Compliance Orchestration Platform for Fintechs. Streamline KYC & KYB and scale AML/CFT due diligences over +200 countries.
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Evald-Hannes Kree
Angel · 1 investments in Estonia Finance startups

Evald-Hannes Kree

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Investment focus

  • Industry: Bitcoin, FinTech, Finance
  • Stage:Seed
  • Geography: Estonia

Investor stats

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

Portfolio highlights

  • Swapin.com — Swapin's crypto payment gateway solution allows merchants to accept crypto payments within 5 minutes. Read more to get started.
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Parachain Ventures
VC Fund · 1 investments in Estonia Finance startups

Parachain Ventures is the investment branch of CryptoRank.io, a popular and well-respected analytics platform.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: Estonia, Gibraltar, Hong Kong

Investor stats

  • Total investments: 19
  • Round size: Seed $1.5M–$8.5M; Series A $5M–$14M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Gamium — Gamium is a Web3 and Metaverse technology company building the truly Decentralized Social Metaverse.
  • IQ Labs — IQ Marketplace offers unique NFTs with exclusive utilities, boosting your in-game experience. With flexible renting parameters and multiple payment options, rent without collateral and unlock the full utility of NFTs. Say goodbye to gas fees with our gasless renting feature and multiply the value of NFT collections with our multi-utility renting. Explore now
  • The Unfettered — The Unfettered is a blockchain PC game.
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Kimmo Rytkönen
Angel · 1 investments in Estonia Finance startups

Founder & CEO @ Income | Fintech | P2P and Crowdfunding | Consumer Credit |

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Investment focus

  • Industry: FinTech, Finance, Marketplace
  • Stage:Seed
  • Geography: Estonia

Investor stats

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

Portfolio highlights

  • Income — Income is a European marketplace for investing into consumer loans from around the world. Built by investors to investors, we seek to fix the problems of the current peer to peer platforms and to make a better investment experience for all. We connect consumer lending companies around the world to investors and enable an easy, fast and improvedway to invest.
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Pareto Holdings
VC Fund · Miami, Florida, United States · 1 investments in Estonia Finance startups

Building world-changing companies in sunny Miami

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Investment focus

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

Investor stats

  • Total investments: 313
  • Round size: Seed $880k–$7.3M; Pre-Seed $125k–$3.5M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Swaap — We we build & operate onchain trading systems.
  • Qoohoo — qoohoo is India's first community ecosystem where creators of different skills & experiences can launch, grow and monetize their community. Be it sessions, subscriptions, cohorts, workshops, discussion or one to one engagement - creators can launch any event on qoohoo and collect payments easily. No need to juggle between between different tools - all at one place. Creators get real time actionable insights for content engagement, audience and marketing to help grow their audience.
  • WagerWire — WagerWire is an innovative marketplace where bettors can buy and sell previously placed sports bets. We empower you to view your bets as a portfolio of assets that can be bought and sold at any time.
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GSR
VC Fund · Wan Chai, Hong Kong Island, Hong Kong · 1 investments in Estonia Finance startups

GSR has nine years of deep crypto market expertise as a market maker, ecosystem partner and active, multi-stage investor. GSR sources and provides spot and non-linear liquidity in digital assets for token issuers, institutional investors, miners, and leading cryptocurrency exchanges. GSR employs over 300 people around the globe, and its tradingtechnology is connected to 60 trading venues, including the world's leading DEXs. We have a culture of approaching complex problems with tenacity and imagination. We build long-term relationships by offering exceptional service, expertise and trading capabilities tailored to the specific needs of our clients.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 229
  • Round size: Seed $1.5M–$12M; Series A $4M–$50M; Venture - Series Unknown $5M–$22M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Solana — Solana is the high performance network powering internet capital markets, payments, and crypto applications. Fast. Decentralized. Scalable. Energy efficient. Solana can power thousands of transactions per second.
  • Bundle — Bundle is the first networked rewards platform in the world, revolutionizing how companies interact with and reward their clients.Bundle provides companies with access to significantly more incentives than they could provide on their own by pooling brand incentive funds into common reward pools. Even though they only contribute a small portion ofthe total incentive value, brands can increase conversions.
  • TrueNorth — The first Agentic Brokerage - build your own professional trading desk
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GoldenTree Asset Management
VC Fund · New York, New York, United States · 1 investments in Estonia Finance startups

GoldenTree is an employee-owned, global asset management firm that specializes in opportunities across the credit universe in sectors such as high yield bonds, leveraged loans, private credit, distressed debt, structured products, emerging markets, private equity and credit-themed equities. GoldenTree was founded in 2000 and is one of the largestindependent asset managers focused on credit. GoldenTree manages over $48 billion for institutional investors including leading public and corporate pensions, endowments, foundations, insurance companies and sovereign wealth funds. GoldenTree is headquartered in New York and has offices in West Palm Beach, FL, Charlotte, NC, London, Dublin, Sidney, Singapore, Tokyo, and Dubai.

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Investment focus

  • Industry: Blockchain, Financial Services, Cryptocurrency
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, Australia

Investor stats

  • Total investments: 48
  • Round size: Seed $2.7M–$18M; Series A $12M–$80M; Venture - Series Unknown $3M–$21M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Maxeda — Maxeda DIY Group is a market leading DIY retailer that operates 376 stores across the Benelux with nearly 7,000 employees. Weekly they welcome one million customers, helping them to build the best and create the home of their desires.As retailer of the leading brands in home improvement, some of which they own ourselves, they have a continuedfocus on improving product ranges, both through better sourcing and improving their own brands.At Maxeda DIY Group their overriding goal was. is and will be to build better businesses. It symbolises their common direction, ambitions and corporate culture. This means they want to add value to all stakeholders; their customers, their people, their suppliers, their shareholders and their environment. They want to work together Building the Best. They at Maxeda DIY Group will base their success on their passion to serve the people who serve their customers.Over the past seven years their formats have embarked on new growth strategies across Europe and many have delivered excellent results. Each format has its unique identity. Within Maxeda DIY Group they work together as one team to develop winning strategies.
The passion to serve their people who serve our customers is the source of our success. At Maxeda DIY Group this passion for our customers’ needs and desires is the driving force in our business.
  • Alvotech — We specialize in making biosimilars - to improve lives by expanding access to affordable biologic medicines.
  • Related Ross — Related Ross develops, owns, and operates mixed-use, office, retail, and residential real estate. The company plans and delivers ground-up projects and repositionings that combine workplace, housing, shopping, dining, and public space. Services include site acquisition, entitlements, design management, construction oversight, leasing, and ongoingproperty and asset management. The portfolio spans office towers, multifamily communities, and street-level retail within multi-building districts. Tenant services include building operations, events, and on-site support within managed properties. Leasing teams work with established enterprises and growth companies seeking contemporary offices and storefronts. The organization also oversees restaurants and event spaces within its developments.
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Kair Käsper
Angel · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Finance startups

Kair Käsper

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Investment focus

  • Industry: Software, SaaS, AgTech
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Estonia, United States, Lithuania

Investor stats

  • Total investments: 6
  • Round size: Seed $646k–$3M; Pre-Seed $450k–$1.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Lutso — Empowering older adults to live independently, safely, and with dignity. Lutso is the smarter way to support aging at home.
  • Esgrid — Esgrid provides value-chain sustainability management solutions to medium-sized businesses and financial institutions.
  • Frontu — Field service management software designed to simplify business operations. Learn how FSM can transform your field service company. Try now!
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Magnus Capital
VC Fund · 1 investments in Estonia Finance startups

Magnus Capital is a crypto investment firm.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 86
  • Round size: Seed $1.3M–$7.5M; Initial Coin Offering $2.1M–$34M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Spicenet — Spicenet enables universal access to the top DeFi venues across all networks, creating better financial outcomes for all.
  • Real Finance — Real Finance is driven by the mission to revolutionize the financial landscape by integrating real-world assets with blockchain technology, creating a more transparent, secure, and efficient ecosystem that bridges traditional finance with decentralized innovation, enhances asset liquidity, and unlocks new opportunities for global investors.
  • WorkQuest — About WorkQuest WorkQuest is a decentralized employment and workforce automation protocol enabling employers and workers to collaborate through smart contracts, stablecoin payments, AI matching engines, and on-chain reputation scoring. The platform transforms global employment into a transparent, verifiable, and borderless digital labor economy.
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CoinFund
VC Fund · Brooklyn, New York, United States · 1 investments in Estonia Finance startups, 7 in the past 12 months

CoinFund is where web3 capable meets web3 capital: cryptonative technologists who invest in the future before it's a trend.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 207
  • Round size: Seed $1.5M–$10M; Series A $7.3M–$30M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • EDGE Markets — The Financial Platform for Smart Bettors
  • Flying Tulip — Better Yield, Better UX
  • LI.FI — Advanced Bridge & DEX Aggregation - Drive multichain strategies with cross-chain data messaging and get users from everywhere.
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Stratos Technologies
VC Fund · Dallas, Texas, United States · 1 investments in Estonia Finance startups

Stratos Technologies empowers founders to achieve their vision through rigorous engagement, strategic guidance, and capital.

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Investment focus

  • Industry: Blockchain, Software, Cryptocurrency
  • Stage:Seed, Series A
  • Geography: United States, Canada, France

Investor stats

  • Total investments: 18
  • Round size: Seed $1M–$10M; Series A $9M–$91M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Fuel Labs — At Fuel, we are building the fastest execution layer for the modular blockchain stack.
  • Threecolts — The most comprehensive software for Amazon, Walmart, and eBay. Tens of thousands of customers are using Threecolts to grow faster, lower costs, and become more agile.
  • Space and Time — Space and Time is the first decentralized data warehouse. Powering low-latency queries and tamperproof Web3 analytics. Web3 analytics at scale. A multichain data platform for dapps needing next-gen Web3 analytics. Connect analytics directly to smart contracts. Join on-chain and off-chain data in a single query.
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LedgerPrime
VC Fund · Miami, Florida, United States · 1 investments in Estonia Finance startups

LedgerPrime is a quantitative and systematic investment firm in the Digital Asset space. With a data centric approach and a commitment to rapid innovation and technology, LedgerPrime seeks to become a global leader in generating sustained and superior risk-adjusted returns.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 91
  • Round size: Seed $1.2M–$8M; Series A $7.5M–$40M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — raised $12M in 2019

Portfolio highlights

  • Elixir — Powering deUSD, a yield bearing and fully collateralized decentralized dollar on the Elixir Network, bringing institutional-grade liquidity to RWAs.
  • Hashflow — Tight spreads. Zero slippage. MEV-resistant.
  • Frontrunner — Alexistogel atau di kenal sebagai alexistoto adalah salah satu situs slot yang sudah terpercaya dengan banyaknya yang ingin maxwin hari ini
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Morningstar Ventures
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Estonia Finance startups

We are a proprietary investment firm focused on digital assets and blockchain technology, primarily focused on the Elrond Ecosystem.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Series A
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 148
  • Round size: Seed $1.5M–$10M; Series A $1.6M–$25M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • OP_NET — OPNET is a Bitcoin Layer 1 metaprotocol that enables smart contracts to function directly on the Bitcoin blockchain, without the use of sidechains or Layer 2 solutions.
  • Watch.fun — Luxury watch drops. Win a Rolex for as little as $7, drops weekly. Certified by Wristcheck. Backed by @TheSpartanGroup @SolanaVentures @BigBrainVC and more...
  • Space — The first leveraged prediction market on @solana
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Mask Network
VC Fund · Singapore, Central Region, Singapore · 1 investments in Estonia Finance startups

Your Portal To The New, Open Internet.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Singapore, Japan

Investor stats

  • Total investments: 120
  • Round size: Seed $1.4M–$9M; Pre-Seed $900k–$4M; Series A $10M–$25M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: Likely still investing — raised $50M in 2022

Portfolio highlights

  • TBook — The first embedded RWA liquidity layer that brings institutional-grade tokenized yield into user-facing apps
  • Depinsim — The Free Internet Protocol. Earn free mobile data at https://t.co/xm18x6oDwx
  • Honeypot Finance — Learn what Honeypot Finance is: a multi-chain DeFi liquidity hub with perpetual trading (vault-based risk engine), spot trading via AMM-native matching, and Honey Genesis NFT staking across multiple blockchains.
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ZBS CAPITAL
VC Fund · Kyiv, Kyyiv, Ukraine · 1 investments in Estonia Finance startups

ZBS Capital - distinguished crypto venture fund, backed by major media resources including CryptoDiffer.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Venture - Series Unknown
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 159
  • Round size: Seed $1M–$6M; Venture - Series Unknown $1.3M–$6M
  • Lead/follow: 1% lead, 99% follow
  • Last fund: May invest from a new fund soon — raised $500k in 2017

Portfolio highlights

  • Yellow — Yellow is a financial services provider of software, analytics, and investments in blockchain startups.
  • KIP Protocol — KIP Protocol is a decentralised AI framework unlocking digital property rights of Knowledge Assets in the AI-powered future.
  • Alliance Games — Build Beyond Limits. Multiplayer for the Next, Decentralized Era.
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Mapleblock Capital
VC Fund · Delhi, Delhi, India · 1 investments in Estonia Finance startups

Mapleblock Capital is an investment firm that exclusively consults and invests in crypto-assets and blockchain companies. It was founded in 2017 and is headquartered in Delhi, India.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: United States, Singapore, Switzerland

Investor stats

  • Total investments: 67
  • Round size: Seed $1.8M–$15M; Series A $3.2M–$20M; Venture - Series Unknown $5M–$22M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Vangrid — Vangrid operates as a decentralized physical infrastructure network.
  • Dow Protocol — An E-Commerce Financing RWA Platform on @BNBCHAIN, facilitating assets trusted by the world's largest banks. Lead invested by @mhventures @Maple_block
  • Fortune Protocol — Fortune Protocol brings the age- old tradition of fortune cookies to the modern prediction market.
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Mikko Silventola
Angel · 1 investments in Estonia Finance startups

Mikko is an active investor, with over 50 investments globally. Besides Europe, he is also active in Southeast Asia, Middle East, and Lat Am. He is the first investor of Bolt (Estonia), an investor of Rappi (Colombia), and of Hugo (El Salvador). He has founded 3 international media companies which in total have generated over €35M in sales overjust a few years. He has helped companies with internationalization, fundraising and M&As in Asia, Europe and the Middle East.

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Investment focus

  • Industry: Marketplace, Software, E-Commerce
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Estonia, Finland, United States

Investor stats

  • Total investments: 18
  • Round size: Seed $191k–$4.2M; Angel $37k–$111k; Pre-Seed $230k–$2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Bought — Buy and sell secondhand fashion on Bought. Turn past purchases into ready-to-go listings, shop 50,000+ brands, and get door-to-door delivery in hours.
  • Droppe — Order work equipment directly from manufacturers. Support small businesses and source more responsibly from local and European manufacturers. Order from several suppliers at the same time with one shopping cart. Test samples for free and order products for your workplaces without extra hassle. Find nitrile gloves, protective clothing, work gloves, work accessories, disposable gloves, disinfectants, sanitizers and other supplies in one place.
  • WIP - Work in Peace — The covid-19 outbreak has nailed us to computers. People are tired of virtual meetings. The reason why we meet in person is changing from routine braking to necessity. This will lead to a growing demand for simple and affordable rooms for daily meetings in various locations. The process of finding and booking an offsite meeting room for a dailymeeting is time-consuming and complex. The premium character of meeting rooms, in terms of large selection, features, and price, that dominate the market requires lengthier consideration and coordination. Our 5-year vision - Your city is your office and a meeting room A platform that helps future companies work & meet more efficiently, using technology and data. Your city is your office - The mySpotit app will open every door you need for working.
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Wintermute
VC Fund · London, England, United Kingdom · 1 investments in Estonia Finance startups

A leading algorithmic trading firm focused on building liquid and efficient markets in digital assets.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, Cayman Islands

Investor stats

  • Total investments: 91
  • Round size: Seed $3M–$18M; Series A $5M–$50M; Venture - Series Unknown $5M–$20M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: Likely still investing — raised $20M in 2021

Portfolio highlights

  • BULK Trade — One Exchange Infinite Markets
  • Pave Bank — The world's first multi-asset and programmable bank
  • Nova Markets — The next billion-dollar market starts here. Powered by @HyperliquidX
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Formless Capital
VC Fund · San Francisco, California, United States · 1 investments in Estonia Finance startups

Formless Capital is a cross-border investment fund that invests in the future of blockchain and technologies.

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Investment focus

  • Industry: Blockchain, Gaming, Software
  • Stage:Seed, Pre-Seed
  • Geography: United States, Singapore, Vietnam

Investor stats

  • Total investments: 56
  • Round size: Seed $2M–$11M; Pre-Seed $750k–$35M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Sogni AI — Unleash creativity with the Sogni Supernet: a purpose-built DePIN protocol for Creative AI. Empowering Creative AI apps with unmatched speed and scale.
  • Gata — Accelerate AI through decentralization. Backed by @yzilabs. Join us: https://t.co/ZoWJbykni6
  • Coral Finance — Coral Finance is a decentralized marketplace for trading premium derivatives that offers dependable, long-term liquidity solutions.
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Finance Investor funding in Estonia at a glance

Stats across 46 deals from 105 investors.

105
investors
in Estonia Finance startups
46
deals
in Estonia Finance startups
$1.4M
median round
in Estonia Finance startups
25%
lead investors
lead at least one round
41%
Pre-Seed
most common funding stage
75/25
VC / Angel
share of investor count

Access all 105 investors in Estonia Finance startups.

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