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Top 50 Financial Services Startup Investors in Estonia (June 2026)

The most active venture capital funds and angel investors investing in Estonia Financial Services startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Estonia Financial Services startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Lemonade Stand
VC Fund
10 Estonia, Lithuania, India Seed, Pre-Seed Software, Artificial Intelligence, FinTech $227k–$3M
Superangel
VC Fund
9 Estonia, United States, Finland Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $165k–$20M
Icebreaker.vc
VC Fund
7 Finland, Estonia, Sweden Pre-Seed, Seed, Series A Software, Information Technology, Artificial Intelligence $106k–$25M
Tera Ventures
VC Fund
6 Estonia, United States, United Kingdom Seed, Series A, Pre-Seed Software, E-Commerce, Artificial Intelligence $120k–$12M
Specialist VC
VC Fund
6 Estonia, United Kingdom, Finland Seed, Pre-Seed Software, Information Technology, Artificial Intelligence $241k–$6.5M
Karma Ventures
VC Fund
6 Estonia, United States, Finland Series A, Seed, Series B Software, Artificial Intelligence, FinTech $549k–$30M
Practica Capital
VC Fund
4 Lithuania, United Kingdom, United States Seed, Pre-Seed, Series A B2B, Software, Information Technology $219k–$25M
BlackFin Capital Partners
VC Fund
4 France, Germany, Denmark Series A, Private Equity, Series B Financial Services, FinTech, Payments $4.1M–$103M
Token Ventures
VC Fund
4 Estonia, France, Austria Seed, Pre-Seed Blockchain, Cryptocurrency, FinTech $900k–$3.5M
Cryptomeria Capital
VC Fund
3 Estonia, Hong Kong, Canada Seed Blockchain, FinTech, Cryptocurrency $1M–$12M
Morgan Creek Digital
VC Fund
3 United States, Canada, Israel Seed, Series A, Series B Blockchain, FinTech, Financial Services $2.5M–$424M
Blockchain Founders Fund
VC Fund
3 United States, United Kingdom, Singapore Seed, Pre-Seed Blockchain, Cryptocurrency, FinTech $200k–$6M
Change Ventures
VC Fund
3 Estonia, Latvia, Lithuania Seed, Pre-Seed, Series A Software, Information Technology, Apps $273k–$33M
Mapleblock Capital
VC Fund
3 Singapore, United States, Estonia Seed, Series A Blockchain, Cryptocurrency, Gaming $1.8M–$20M
Gateway Ventures
VC Fund
3 Germany, Austria, Estonia Seed, Series A Software, Information Technology, Apps $1.6M–$11M
Alvar Lumberg
Angel
3 Estonia Seed, Pre-Seed, Angel Software, Information Technology, FinTech $533k–$2.4M
Triin Hertmann
Angel
3 Estonia Seed, Pre-Seed FinTech, Software, E-Commerce $143k–$2.7M
ff Venture Capital
VC Fund
3 United States, Poland, Canada Seed, Series A Software, Artificial Intelligence, Information Technology $1M–$12M
Pinto Ventures
VC Fund
3 United Kingdom, Estonia, Germany Pre-Seed, Seed, Angel FinTech, Financial Services, Finance $1.2M–$1.4M
Neosfer
VC Fund
3 Germany, United Kingdom, Estonia Seed, Series A Software, SaaS, FinTech $743k–$14M
The Spartan Group
VC Fund
2 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Software $1.5M–$32M
Vendep Capital
VC Fund
2 Finland, United States, Sweden Seed, Series A SaaS, Software, Analytics $713k–$13M
Passion Capital
VC Fund
2 United Kingdom, United States, Germany Seed, Series A, Series B Software, FinTech, Financial Services $573k–$85M
CoinFund
VC Fund
2 United States, United Kingdom, Germany Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.5M–$43M
CMT Digital
VC Fund
2 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Financial Services $2M–$50M
Digital Strategies
VC Fund
2 United States, Canada, Estonia Seed, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $1.8M–$34M
Kair Käsper
Angel
2 Estonia, United States, Lithuania Pre-Seed, Seed, Angel Software, SaaS, Financial Services $533k–$2.7M
365.fintech
VC Fund
2 United Kingdom, Germany, Belgium Seed, Pre-Seed, Series A FinTech, Financial Services, Software $121k–$13M
Hive Hatch
VC Fund
2 United States, Mexico, Estonia Pre-Seed, Seed, Series B Software, SaaS, Retail $120k–$3M
Mosaic Ventures
VC Fund
2 United Kingdom, United States, Germany Series A, Series B Software, Information Technology, FinTech
Zenith Family Office
VC Fund
2 Estonia, United States Pre-Seed Commercial Real Estate, SaaS, B2B
Magnus Capital
VC Fund
2 United States, India, Estonia Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $1.2M–$9.5M
LD Capital
VC Fund
2 United States, Singapore, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $1.2M–$10M
Tolaram Group
VC Fund
2 India, Brazil, Estonia Seed, Corporate Round, Equity Crowdfunding FinTech, Financial Services, Credit $700k–$1.5M
Digital Finance Group (DFG)
VC Fund
2 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, FinTech $428k–$32M
Norrsken VC
VC Fund
2 Sweden, United Kingdom, Germany Seed, Series A Software, Health Care, Food and Beverage $1.1M–$56M
TMT Investments
VC Fund
2 United States, Estonia, United Kingdom Seed, Series A Software, SaaS, Social Media $250k–$10M
Andrew Prozes
Angel
2 Brazil, Estonia, United States Seed, Series A, Angel Information Technology, FinTech, Software $3.4M–$10M
STIHL Ventures
VC Fund
2 Germany, Denmark, Estonia Seed, Series A Software, SaaS, Drones $2M–$12M
Shima Capital
VC Fund
2 United States, Singapore, United Kingdom Seed, Pre-Seed Blockchain, Cryptocurrency, Gaming $1.2M–$11M
Martin Sokk
Angel
2 Estonia Pre-Seed, Seed Rental, FinTech, Finance
Maximilian Tayenthal
Angel
2 Germany, United Kingdom, Spain Seed, Pre-Seed, Series A FinTech, Financial Services, Software $202k–$15M
Taavi Kotka
Angel
2 Estonia Pre-Seed, Seed, Angel Electronics, Battery, FinTech $292k–$4.4M
SeedBlink
VC Fund
2 Romania, United States, United Kingdom Seed, Pre-Seed, Series A Software, SaaS, Information Technology $126k–$35M
Taavet Hinrikus
Angel
2 United Kingdom, United States, Estonia Seed, Series A, Series B FinTech, Software, Financial Services $1M–$52M
Morningstar Ventures
VC Fund
2 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Gaming $1.4M–$25M
Markus Villig
Angel
2 Estonia, United States, United Kingdom Seed, Pre-Seed, Angel Software, Information Technology, FinTech $230k–$3.5M
Anatoly Yakovenko
Angel
2 United States, United Kingdom, Singapore Seed, Series A Blockchain, Software, Cryptocurrency
Julien Bouteloup
Angel
2 France, Singapore, United States Seed, Angel, Series A Cryptocurrency, Blockchain, Financial Services
Parallax Ventures
VC Fund
2 Brazil, Estonia, United States Seed, Series A, Series B FinTech, Financial Services, Bitcoin
Access all 229 investors in Estonia Financial Services startups.

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

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Investor list

Lemonade Stand
VC Fund · Tallinn, Harjumaa, Estonia · 10 investments in Estonia Financial Services startups

Lemonade Stand is a VC fund that focuses on early stage B2B investments in Baltic and East European founders no matter the HQ location. Investing €25-300K in strong teams, technology or traction.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: Estonia, Lithuania, India

Investor stats

  • Total investments: 42
  • Round size: Seed $1.1M–$3M; Pre-Seed $227k–$2.2M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Esgrid — Esgrid provides value-chain sustainability management solutions to medium-sized businesses and financial institutions.
  • Ligence — AI Automated Echocardiography - Artificial intelligence-powered automated heart ultrasound echo lab system.
  • Soldera — Soldera enables renewable energy producers to earn additional income through an automatic guarantee of the origin trading system.
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Superangel
VC Fund · Tallinn, Harjumaa, Estonia · 9 investments in Estonia Financial Services 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: 76
  • Round size: Seed $767k–$6.6M; Pre-Seed $165k–$2.2M; Series A $5.3M–$20M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $35M in 2022

Portfolio highlights

  • Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
  • ROCSYS — Meet the world's first autonomous charging solution for electrical vehicles in public transportation, logistics, material handling, and passenger cars.
  • ZITICITY — Juragan69 adalah venue slot demo yang dipilih untuk final oleh para juragan di Indonesia karena memiliki fasilitas permainan slot yang lengkap serta pelayanan super ramah dari para customer service di situs ini.
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Icebreaker.vc
VC Fund · Helsinki, Southern Finland, Finland · 7 investments in Estonia Financial Services startups

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

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Investment focus

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

Investor stats

  • Total investments: 122
  • Round size: Seed $384k–$5.2M; Pre-Seed $106k–$1.3M; Series A $3.1M–$25M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — raised $22M in 2021

Portfolio highlights

  • Cytely — Transforms microscopy from image-driven to data-driven through AI-powered autonomous targeting that captures high-resolution data of critical cellular events, enabling researchers to solve complex biological problems in minutes instead of years.
  • ReOrbit — Looking for a way to keep your data flowing in space? ReOrbit has you covered with our line of autonomous and inter-networking satellites!
  • NROC Security — Prevent data leaks, govern shadow AI, prove compliance, and save 50% on GenAI subscriptions
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Tera Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 6 investments in Estonia Financial Services 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: 66
  • Round size: Seed $531k–$4.2M; Pre-Seed $120k–$2.2M; Series A $1.6M–$12M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Secfense — Secfense User Access Security Broker is a network traffic broker that learns the traffic patterns related to authentication and builds an additional security layer between users and their applications.Secfense broker is not a 2FA method. Secfense broker is a tool that enables a quick & easy setup of any 2FA method or authentication standardavailable on the market and introduces it without interfering with applications existing code or database.Without Secfense broker, the 2FA integration often requires changes in the apps' code and then manual check, which can take forever when there are hundreds of apps to protect.Secfense broker streamlines the process by taking over the traffic. The broker knows to which app the user wants to log in, and it asks the user to apply the 2FA method that was chosen for this specific app. Thanks to the Secfense broker the 2FA implementation process is quick & painless across the entire organization. Our customers can also easily switch to any other 2FA method available on the market connecting it with any application or device they need.
  • Brainbase — Unified Licensing Management Software. Track and visualize brand performance, contracts, and royalties. Manage approvals, track deals, and spot contract violations.
  • Supersimple — Supersimple helps SaaS companies use customer behavior data to drive decisions in product & sales.
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Specialist VC
VC Fund · Tallinn, Harjumaa, Estonia · 6 investments in Estonia Financial Services startups

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: 68
  • Round size: Seed $587k–$6.5M; Pre-Seed $241k–$2.2M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $55M in 2022

Portfolio highlights

  • AIATELLA — Automating medical image analysis
  • Copla — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
  • Bilance — Bilance is a personal finance management app that helps you to track, analyze and plan your finances.
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Karma Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 6 investments in Estonia Financial Services startups

karma.vc is an early stage venture capital fund focusing on seed and early stage technology companies in Europe.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Series A, Seed, Series B
  • Geography: Estonia, United States, Finland

Investor stats

  • Total investments: 49
  • Round size: Seed $549k–$4.4M; Series A $4.4M–$16M; Series B $2.8M–$30M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely still investing — raised $106M in 2021

Portfolio highlights

  • Minut — Minut keeps your home safe and your neighbors happy while respecting your guests' privacy. Monitor noise and occupancy, secure your home, and enhance guest experience. Only Minut gives you the full insight you need to protect your homes, all in one single sensor.
  • Wirepas — Wirepas offers a standards-based, ultra-reliable mesh connectivity for infrastructure-grade IoT. Proven in millions of devices worldwide.
  • Commsignia — Trust for the road ahead.
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Practica Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 4 investments in Estonia Financial Services startups

Practica Capital

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Investment focus

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

Investor stats

  • Total investments: 116
  • Round size: Seed $219k–$3.3M; Pre-Seed $334k–$2.4M; Series A $2.2M–$25M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — raised $85M in 2022

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.
  • Handwave — Handwave is the world’s first biometric wallet and identity platform — replacing wallets, phones, and IDs with a single gesture for in-store payments. Designed for retail, meant for people. End users can easily onboard their palms through the Handwave app by scanning their palm with the phone camera, linking payment and loyalty cards, and thenenjoy frictionless checkout at retail by simply scanning their palm at a payment terminal.
  • Outcraft AI — Outcraft AI develops autonomous revenue agents that convert, retain and grow customers across voice, SMS, email and messaging.
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BlackFin Capital Partners
VC Fund · Paris, Ile-de-France, France · 4 investments in Estonia Financial Services startups

BlackFin Capital Partners is the leading pan-European Financial Services PE Platform. The team consists of +35 experienced professionals from several nationalities.

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Investment focus

  • Industry: Financial Services, FinTech, Payments
  • Stage:Series A, Private Equity, Series B
  • Geography: France, Germany, Denmark

Investor stats

  • Total investments: 72
  • Round size: Series A $4.1M–$19M; Series B $10M–$103M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: Likely still investing — raised $410M in 2022

Portfolio highlights

  • Hypatos — Manual document processing is a major cost driver. Hypatos' deep learning tech automates complex document processing tasks. Make back office more efficient!
  • Mooncard — Mooncard was created with an ambition: to put the new payment technologies at the service of the day-to-day management of all companies to enable them to gain in simplicity, efficiency and therefore profitability. Currently, many purchasing and spending processes remain manual and complex, ranging from routine purchases and expenses to expenseclaims. Businesses of any size, and often the small ones, lose valuable time to make and manage these payments. Mooncard completely transforms this situation by proposing an innovative payment solution, piloted in real time, secure and deployable very easily. Thanks to the most modern technologies (web, big data, IA ...) the payment and management circuit is completely automated.Mooncard supports all companies to enable them to take full advantage of the revolution of means of payment.
  • Descartes Underwriting — Descartes Underwriting is an insurtech company that specializes in climate risk modeling and data-driven risk transfer. It works with corporate brokers to design and underwrite innovative, bespoke, and affordable insurance. The company offers tech-based insurance products covering risks such as flooding, wildfires, droughts, and other large-scaleevents to businesses, across all sectors, including agriculture, hospitality, mining, construction, traditional and renewable energy, entertainment, and retail. The company was founded in 2019 and is headquartered in Puteaux, Ile-de-France, France.
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Token Ventures
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 4 investments in Estonia Financial Services startups

We see a bright future of blockchain-based technologies.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: Estonia, France, Austria

Investor stats

  • Total investments: 9
  • Round size: Seed $900k–$3.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Swipelux — Increase your revenue and improve compliance with one toolkit.
  • 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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Cryptomeria Capital
VC Fund · Singapore, Central Region, Singapore · 3 investments in Estonia Financial Services startups

We help you to enter the Chinese crypto market. We invest in blockchain projects.

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Investment focus

  • Industry: Blockchain, FinTech, Cryptocurrency
  • Stage:Seed
  • Geography: Estonia, Hong Kong, Canada

Investor stats

  • Total investments: 21
  • Round size: Seed $1M–$12M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • HolmesAI — HolmesAI is a decentralised AI agent that offers persona customisation, tool integration, and task-specific agent deployment services.
  • SYNTRA — Syntra is an AI-driven trading infrastructure company focused on disciplined execution, real-time risk management, and transparent market operations in digital asset markets. The company builds systems that monitor market structure, volatility, liquidity, and correlation dynamics, enabling automated decision-making with strict risk controls.Syntra’s infrastructure is designed to prioritize execution quality, capital preservation, and operational transparency over short-term performance optimization.Syntra operates a live execution environment where all system actions are observable in real time, providing an open view into how the trading system behaves across different market conditions. The platform is infrastructure-first, emphasizing robustness, scalability, and controlled growth rather than aggressive user acquisition. The company is currently focused on expanding its execution stack, data pipelines, and risk management framework to support broader market coverage and institutional-grade reliability.
  • Zoo Finance — Zoo Finance is a pioneering DeFi protocol focused on unlocking liquidity from locked assets, empowering users to access capital more efficiently while maximizing the utility of their on-chain holdings.
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Access 48,091 investors

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

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Morgan Creek Digital
VC Fund · Chapel Hill, North Carolina, United States · 3 investments in Estonia Financial Services 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: 41
  • Round size: Seed $2.5M–$14M; Series A $10M–$424M; Series B $7M–$155M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — raised $80M in 2021

Portfolio highlights

  • Percent — Unlock private credit investments with Percent. Access alternative investments on the platform powering the future of private markets.
  • BlockFi — BlockFi is a secured non-bank lender that offers USD loans to crypto-asset owners who collateralize the loan with their crypto-assets. Their products bring additional liquidity to the blockchain asset sector and meet the needs of both individuals and institutions holding blockchain assets. BlockFi holds clients' Bitcoin and Ether with aregistered custodian and issues loans in USD to their bank accounts. Currently operating in beta launch, lending in 35 US states to retail investors and companies.BlockFi’s mission is to provide liquidity, transparency, and efficiency to digital financial markets by creating products that meet the needs of consumers and corporations across the globe. They leverage a sophisticated infrastructure that integrates with multiple blockchains, they plan to expand their product set based on their retail and institutional client's needs.
  • Sequence — Sequence is the modular crypto infrastructure stack that unifies wallets, 1-click cross-chain payments, and real-time data layers across EVMs.
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Blockchain Founders Fund
VC Fund · Singapore, Central Region, Singapore · 3 investments in Estonia Financial Services 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: 206
  • Round size: Seed $570k–$6M; Pre-Seed $200k–$2M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $75M in 2022

Portfolio highlights

  • KINO — KINO is a film production company that brings fans behind the scenes of their favorite hollywood films.
  • Tanssi Network — The Tanssi Network is a permissionless appchain infrastructure protocol designed for swift and effortless deployment of application-specific blockchains.
  • Virtualtech Frontier — Virtualtech Frontier develops business processes through virtual reality technology. It operates virtual event platforms, metaverse services, and virtual reality solutions. Virtualtech Frontier was founded in 2021 and is based in Selangor, Malaysia.
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Estonia Financial Services startups

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

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Investment focus

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

Investor stats

  • Total investments: 64
  • Round size: Seed $500k–$4.5M; Pre-Seed $273k–$2.2M; Series A $1M–$33M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Eurora — Eurora develops an e-commerce suite of customs compliance tools.
  • FanSifter — FanSifter is a fan data management platform that leverages machine learning to help rights holders in music, entertainment, and sports increase tickets, music, merch, experiences, and sponsorships sales.
  • RecruitLab — Teamdash's built-in recruitment, applicant tracking, and marketing features give you the focus you need to achieve the impossible. Here's how.
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Mapleblock Capital
VC Fund · Delhi, Delhi, India · 3 investments in Estonia Financial Services 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, Series A
  • Geography: Singapore, United States, Estonia

Investor stats

  • Total investments: 41
  • Round size: Seed $1.8M–$11M; Series A $3.2M–$20M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Rena Labs — Rena was creating the execution environment (TEE) abstraction Layer, designed to streamline deployment and execution workflows. This innovation aimed to enable a broad spectrum of verifiable AI use cases by providing a secure and efficient framework. Rena’s approach bridged the gap between advanced AI applications and the need for trusted, seamlessexecution, offering a foundation for reliability and scalability in AI-driven solutions.
  • Kindred — Kindred Labs is building the default interface for human–AI interaction — always-on, trusted companions that unify productivity, commerce, and emotional connection into a single relationship. As the only AI company officially trusted by 25+ iconic IPs, including Sanrio, Warner Bros., LINE Friends, and Pudgy Penguins, Kindred Labs sits on a uniquecultural and distribution moat powered by billions of existing fans worldwide.Kindred’s growth has been consistently explosive: the company has attracted millions of registered users within weeks of opening access, climbed into the Top 10 on DappRadar with hundreds of thousands of on-chain daily and monthly active users and millions of on-chain transactions in a single month, and driven an NFT free-mint that organically reached above a 1.3 ETH floor, alongside outsized gains in brand mindshare and category visibility (including a #1 gainer ranking on Kaito).Backers and partners include SEI Foundation, Protocol Labs, 0G Foundation, Techstars, Orange DAO, Sky Mavis, CoinMarketCap Labs, Nvidia Inception, ElevenLabs, and others. Kindred Labs is founded by Max Giammario, whose M.A./Ph.D.-level research focuses on human–AI interaction, and is built by a team of experts from companies such as Apple and Disney.
  • Cluster Protocol — Cluster Protocol is the co-ordination layer for AI agents, a carnot engine fueling the AI economy making sure the AI developers are monetized for their AI models and users get an unified seamless experience to build that next AI app/ agent within a virtual disposable environment facilitating the creation of modular, self-evolving AI agents.
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Gateway Ventures
VC Fund · Vienna, Wien, Austria · 3 investments in Estonia Financial Services startups

Gateway Ventures is Austria's biggest network of startup investors with currently over 4000 investors. We foster the Austrian and European startup eco-system by connecting investors and startups. Our startup portfolio covers FinTech, CleanTech, HeathTech, IT & Software, Big Data & Social Impact. We have financed >40 startups withseed fundings over € 30M+Gateway Ventures was founded in December 2015. Over 1000 investors and 200 partners are currently participating in the network, including European incubators, accelerators and VCs.https://www.gateway.ventures

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Investment focus

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Series A
  • Geography: Germany, Austria, Estonia

Investor stats

  • Total investments: 23
  • Round size: Seed $1.6M–$4.5M; Series A $6M–$11M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • hypt — hypt is a Swiss based SaaS marketing solution that empowers companies to digitalize word-of-mouth. By using our word-of-mouth manager companies are able to activate 40% of their customers to send out a personal recommendation to their peers increasing sales through word-of-mouth by 4 times. Our solution empowers our ICP customers in the finance andinsurance segments to strategically use and optimize the most authentic and cost effective advertising channel – word-of-mouth – and makes it an accessible asset of every marketing mix.
  • LipoCheck — LipoCheck is a healthtech startup that focuses on improving the diagnosis and treatment of lipedema, a condition that affects millions of women. The company offers a digital platform that serves as a support system for patients and treating physicians. LipoCheck's services include helping patients recognize lipedema and providing assistance inbecoming symptom-free. The platform was developed with the experiences of practicing doctors, product managers, and software developers. In addition to its digital services, LipoCheck also offers a range of merchandise including hoodies and shirts.
  • vitrealab — Enlighten. Your perspective. Light Engines for AR glasses.
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Alvar Lumberg
Angel · 3 investments in Estonia Financial Services startups

Alvar Lumberg

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Investment focus

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

Investor stats

  • Total investments: 12
  • Round size: Seed $587k–$2.4M; Pre-Seed $533k–$2.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Esgrid — Esgrid provides value-chain sustainability management solutions to medium-sized businesses and financial institutions.
  • Fyma — Urban vision factory - turning cameras into sensors using AI-sight
  • ScamGuardian.AI — Providing Actionable Intelligence to Stop Scams
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Triin Hertmann
Angel · Tallinn, Harjumaa, Estonia · 3 investments in Estonia Financial Services startups

Triin Hertmann is founder of Grünfin, a sustainable investment platform, angel investor (mostly in Estonia and Nordics region). She is a former COO at TransferWise and early employee of Skype.

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Investment focus

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

Investor stats

  • Total investments: 7
  • Round size: Seed $1.8M–$2.7M; Pre-Seed $143k–$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.
  • Grünfin — Grünfin is a sustainable investing platform for people who care about their impact.
  • CARÁ Health — Suun combines a midwife-powered app with studios in Tallinn and Berlin to ease pregnancy and postpartum symptoms, build strength and support you every day.
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ff Venture Capital
VC Fund · New York, New York, United States · 3 investments in Estonia Financial Services startups

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: 290
  • Round size: Seed $1M–$4.3M; Series A $1.3M–$12M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $66M in 2023

Portfolio highlights

  • Moveline — Moveline provides multiple moving quotes from quality moving companies, all from one form. Get up to four quotes now.
  • Waldo — Waldo is an AI-powered strategy engine for agencies & brands. Get audience insights, industry trends, and competitive intelligence in one powerful platform.
  • PilotGo — Developer platform for secure data sharing with multiple partners powered by Digital Twins.
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Pinto Ventures
VC Fund · Zug, Zug, Switzerland · 3 investments in Estonia Financial Services 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, Finance
  • Stage:Pre-Seed, Seed, Angel
  • Geography: United Kingdom, Estonia, Germany

Investor stats

  • Total investments: 13
  • Round size: Angel $1.2M–$1.4M
  • Lead/follow: 38% lead, 62% 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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Neosfer
VC Fund · Frankfurt, Hessen, Germany · 3 investments in Estonia Financial Services startups

Neosfer (formerly main incubator) is the early stage investor and innovation unit of Commerzbank Group.

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Investment focus

  • Industry: Software, SaaS, FinTech
  • Stage:Seed, Series A
  • Geography: Germany, United Kingdom, Estonia

Investor stats

  • Total investments: 56
  • Round size: Seed $743k–$7.7M; Series A $4.4M–$14M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Terra One — Terra One engages in the development and operation of large-scale battery storage systems.
  • Fairown — Fairown is a fintech company helping banks, brands, and retailers offer products as a service. Unlike BNPL solutions, we provide a unique payment platform, which allows environmentally conscious businesses to offer products for monthly subscriptions, and manage product renewal cycles.
  • Bling.de — The pocket money card and app that empowers children & teens to be money-smart. Safe, simple and educational.
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The Spartan Group
VC Fund · Singapore, Central Region, Singapore · 2 investments in Estonia Financial Services startups

We advise, invest and build with the best entrepreneurs in Web3.

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Investment focus

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

Investor stats

  • Total investments: 202
  • Round size: Seed $1.5M–$10M; Series A $5.1M–$32M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $30M in 2021

Portfolio highlights

  • Bribe — where DAO token holders get paid to govern
  • Perion — Win Crypto Questing in AAA Games.
  • Tarta Labs — Tarta Labs is dedicated to building a next-generation anime IP ecosystem and aims to innovate within the anime gaming space by blending engaging narratives, high-quality visuals, and community-driven gameplay experiences.
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Vendep Capital
VC Fund · Espoo, Southern Finland, Finland · 2 investments in Estonia Financial Services startups

We back early-stage B2B SaaS founders in the Nordics & Baltics with capital, expertise, and long-term partnership. See how we invest and support growth.

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Investment focus

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

Investor stats

  • Total investments: 42
  • Round size: Seed $713k–$3.2M; Series A $3.4M–$13M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: May invest from a new fund soon — raised $82M in 2021

Portfolio highlights

  • Agileday — Connect your business elements in one tool and manage your entire operations with Agileday. Match sales, projects, and talent together and optimize your business.
  • Hopsworks — Hopsworks is an online platform for the development and operation of Machine Learning (ML) pipelines at scale, based around the industry's first Feature Store for ML.
  • Test of Things — Test of Things is to protect customers and society from cyber incidents by making IoT cybersecurity easy and automated. They are building a cloud service that automates security testing so customers can ship secure, compliant products with peace of mind.Their platform integrates security into the development lifecycle, enabling continuous testingthat lowers risks and costs while enhancing reputation.
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Passion Capital
VC Fund · London, England, United Kingdom · 2 investments in Estonia Financial Services startups

Passion Capital is a partnership of entrepreneurs and operators who are applying our experiences to helping founders and early-stage teams build great digital media/technology companies. We are committed to fostering an ecosystem of technology, collaboration and executional excellence in Europe, and we believe that the criticaldifferentiator and key asset of a successful business is the passion and ability of its founders. We take pride in the calibre and success of all of our founders and teams including but nowhere near limited to GoCardless, Tray.io, Mendeley, Digital Shadows, Adzuna, Smarkets, Ravelin, Tide, Marshmallow, Butternut Box, PolyAI, Lendable and Monzo Bank

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Investment focus

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

Investor stats

  • Total investments: 171
  • Round size: Seed $573k–$6.5M; Series A $2.3M–$14M; Series B $6.3M–$85M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Lassie — Lassie is the first proactive and preventive pet insurance company that wants to help pet owners take better care of their pets
  • Secondmind — Helping automotive engineers design better cars, faster.
  • Opensignal — Opensignal is the leading global provider of independent insights into network experience and market performance.
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CoinFund
VC Fund · Brooklyn, New York, United States · 2 investments in Estonia Financial Services startups

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, Germany

Investor stats

  • Total investments: 168
  • Round size: Seed $1.5M–$9M; Series A $7.3M–$43M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Veda — Veda is the largest vault infrastructure platform in DeFi, enabling institutions to launch and manage onchain financial products at scale.
  • Ceramic Network — Ceramic Network is a provider of protocols for decentralized and composable data applications. The network decentralizes application databases, making data universally composable and reusable across applications. It consists of three core parts: a highly-scalable, decentralized infrastructure for data availability and consensus, a marketplace ofcommunity-created data models, and a suite of standard APIs for storing, updating, and retrieving data from those models.
  • Tools For Humanity — Tools for Humanity is a technology company building for humans in the age of AI.
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CMT Digital
VC Fund · Chicago, Illinois, United States · 2 investments in Estonia Financial Services startups

An exciting new iteration of our website is coming soon. CMT Digital is a blockchain and digital assets focused subsidiary of the CMT Group, a 24 year-old trading and investments firm. The CMT Group has operated as a valued partner to entrepreneurs, traders, and technologists

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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: 189
  • Round size: Seed $2M–$12M; Series A $5M–$50M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Playtron — The Operating System for Gaming
  • D2X Group — Trade digital asset options and futures on the EU-regulated market infrastructure for institutions.
  • Coinflow Labs — Tech-driven payments solutions for your business
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Digital Strategies
VC Fund · 2 investments in Estonia Financial Services startups

Blockchain investments & value-add advisory for frontier technologies.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Canada, Estonia

Investor stats

  • Total investments: 25
  • Round size: Seed $1.8M–$8.6M; Initial Coin Offering $5.5M–$34M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Bitcoin.com — The world's gateway to Bitcoin & cryptocurrency. Buy, sell, spend, swap, and invest in BTC, ETH, BCH, AVAX, MATIC & hundreds more digital assets. Stay informed about crypto, DeFi, and Web3.
  • Treasure — Do more with a single AI agent: 24/7 market awareness and cross-chain activity across Crypto News, DeFi, dApps, Games, and DAOs.
  • TON Strategy Company — VERB Technology Company is a software-as-a-Service, or SaaS, applications platform developer. Its platform is comprised of sales enablement business software products marketed on a subscription basis. The applications are available in both mobile and desktop versions. It includes verbCRM, Customer Relationship Management application, verbLEARN,Learning Management System application, and verbLIVE, its Live Broadcast Video Webinar application.
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Kair Käsper
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Financial Services startups

Kair Käsper

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Investment focus

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

Investor stats

  • Total investments: 6
  • Round size: Seed $584k–$2.7M; Pre-Seed $533k–$1.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Corner Renovation — Volume Hiring AI Automator
  • Montonio — 10x lower fees and the most customer-friendly financing solution.
  • 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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365.fintech
VC Fund · Bratislava, Bratislava, Slovakia (Slovak Republic) · 2 investments in Estonia Financial Services 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, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Germany, Belgium

Investor stats

  • Total investments: 17
  • Round size: Seed $987k–$10M; Pre-Seed $121k–$976k; Series A $12M–$13M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Ondato — Ondato provides KYC, AML, and age verification software to automate onboarding, prevent fraud, and ensure full regulatory compliance worldwide.
  • Montonio — 10x lower fees and the most customer-friendly financing solution.
  • 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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Hive Hatch
VC Fund · Greenwich, Connecticut, United States · 2 investments in Estonia Financial Services startups

Hive Hatch, a venture capital firm and studio, invests financial, human, and social capital in early stage founders to help them validate, build, and launch their SaaS startups.

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Investment focus

  • Industry: Software, SaaS, Retail
  • Stage:Pre-Seed, Seed, Series B
  • Geography: United States, Mexico, Estonia

Investor stats

  • Total investments: 15
  • Round size: Seed $120k–$1M; Pre-Seed $1.5M–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Pacto — Pacto provides technology to restaurants and bars in order to improve the customer experience and accelerate business growth. It seeks to be a catalyst for financial inclusion for small and medium-sized food and beverage companies by integrating them into digital commerce through technology-based solutions.
  • ILUMA — ILUMA is building the autonomous solution to onboard, manage, engage and support the next 1M DAO communities in web3.
  • Pacto — Presentamos Pacto, tu nueva forma de pedir y pagar en restaurantes.
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Mosaic Ventures
VC Fund · London, England, United Kingdom · 2 investments in Estonia Financial Services startups

We back founders who are reimagining the world. We invest $1-10m early, in those building daring adventures in Europe.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Series A, Series B
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 89
  • Lead/follow: no public data

Portfolio highlights

  • Parloa — Amplify your customer service experience with a team of personal AI agents. Leverage the full power of generative AI for contact center automation.
  • Podcastle — Podcastle is the simplest way to create professional-quality podcasts. Record, edit, transcribe, and export your content with the power of AI, in an intuitive web-based platform.
  • forward earth — Next-Gen carbon management for a sustainable future. AI-driven, automated, compliant, fast, and secure. Be prepared for requirements of CSRD, SFRD, EU-Taxonomy, and kick-start your carbon reduction and abatement program. White-label options for partners.
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Zenith Family Office
VC Fund · 2 investments in Estonia Financial Services startups

Independent wealth management company devoted to handling the investments and personal needs of wealthy individuals

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Investment focus

  • Industry: Commercial Real Estate, SaaS, B2B
  • Stage:Pre-Seed
  • Geography: Estonia, United States

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • Remato — Remato is all-in-one & mobile-first platform to seamlessly manage projects, people and assets. Budget estimating & task planning, field communications & work tracking, real-time overview & automated reports.
  • Moderan — Moderan is an online software for commercial real estate lease lifecycle management and asset reporting. So easy, any team can start using it in a day. Get your lease and property information organised. Save time with automated reports and make sure no deadline is missed.
  • VideoCV.io — Spend less time reading stacks of resumes, and more time on finding the best fit for your company. VideoCV helps you increase your hiring productivity by streamlining your talent management processes.
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Magnus Capital
VC Fund · 2 investments in Estonia Financial Services 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, Estonia

Investor stats

  • Total investments: 60
  • Round size: Seed $1.2M–$7.7M; Initial Coin Offering $2.2M–$9.5M
  • 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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LD Capital
VC Fund · Shanghai, Shanghai, China · 2 investments in Estonia Financial Services startups

LD Capital is one of Asia's earliest organizations focusing on value investing in blockchain field. Owing to industrial resource advantages and professional investment research teams, LD Capital has successively discovered and invested in projects such as Qtum, Vechain and Eos which all achieved over 100 times return.Their teams spread overChina, the United States, Europe, Singapore, Japan, and South Korea, and have accumulated rich experience in areas of traditional internet, Fintech, and advanced blockchain technology. They are committed to the globalization of blockchain and quality investment in the entire industry.LD Capital focuses on blockchain innovation projects within finance, games, content publishing, Internet of Things and other circuits, and we have been propelling broad layout of blockchain technology and infrastructure construction to facilitate the comprehensive development of the global blockchain ecosystem.

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Investment focus

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

Investor stats

  • Total investments: 163
  • Round size: Seed $1.4M–$10M; Initial Coin Offering $1.2M–$9.5M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Intmax — INTMAX has developed significant innovations in ZK implementation making it a unique Layer2 rollup network that offers low cost, security, tunable privacy, and above all, scalability.
  • Joystream — Joystream is a block chain-based, decentralized video platform.
  • OMNIA Protocol — OMNIA Protocol offers a secure and private infrastructure for accessing blockchain technology. It provides high availability RPC endpoints for Ethereum, ensuring users can connect to the blockchain without being traced or monitored. The company focuses on delivering a compliant environment for handling personal data, including blockchain addressesand transactional information. OMNIA Protocol aims to democratize access to blockchain infrastructure, challenging the current concentration of this access among a few corporations. It supports various blockchains, including Bitcoin, Binance, Avalanche, Polygon, Arbitrum, and Optimism, through its platform, offering secure Arbitrum RPC Nodes features.
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Tolaram Group
VC Fund · Singapore, Central Region, Singapore · 2 investments in Estonia Financial Services 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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Digital Finance Group (DFG)
VC Fund · Singapore, Central Region, Singapore · 2 investments in Estonia Financial Services startups

Digital Finance Group (DFG) is a global blockchain and cryptocurrency investment firm. DFG was founded in 2015 and has assets under management of over $1 billion.

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Investment focus

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

Investor stats

  • Total investments: 90
  • Round size: Seed $1.1M–$7.5M; Series A $428k–$32M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2019

Portfolio highlights

  • PrismaStake — Unleash the Power of Multi-Chain Staking and Boost Your Assets. Stake. Earn. Grow. Empowering Crypto Investors Across Multiple Blockchains.
  • Karmine Corp — Karmine Corp is an esports organization that offers merchandise and competes in games like league of legends, trackmania, and others.
  • Root Protocol — ISME is building an operating system with the composition of an intent-centric aggregator of digital identity, virtual accounts, social graphs, and more to enable unified access to Web3.
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Norrsken VC
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Estonia Financial Services startups

We are a venture capital fund investigating in Start-Ups solving the worlds biggest problems while building massive businesses.

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Investment focus

  • Industry: Software, Health Care, Food and Beverage
  • Stage:Seed, Series A
  • Geography: Sweden, United Kingdom, Germany

Investor stats

  • Total investments: 102
  • Round size: Seed $1.1M–$11M; Series A $4.2M–$56M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $340M in 2024

Portfolio highlights

  • juli — juli helps you manage your chronic condition using artificial intelligence. We first learn everything that's unique about you. Then we guide you to improve your daily life.
  • Biorce — Biorce is an innovating HealthAI startup committed to transforming drug development through the use of artificial intelligence.
  • Endra
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TMT Investments
VC Fund · St. Helier, NA - Jersey, Jersey · 2 investments in Estonia Financial Services startups

TMT Investments PLC invests in high-growth technology companies across a number of core specialist sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has invested in over 65 companies to date. The Company’s objective is to generate an attractive rate of return for shareholders,predominantly through capital appreciation. The Company is traded on the AIM market of the London Stock Exchange. www.tmtinvestments.com.

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Investment focus

  • Industry: Software, SaaS, Social Media
  • Stage:Seed, Series A
  • Geography: United States, Estonia, United Kingdom

Investor stats

  • Total investments: 105
  • Round size: Seed $250k–$5M; Series A $1.5M–$10M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $60M in 2017

Portfolio highlights

  • Backblaze — Backblaze is a pioneer in robust, scalable low cost cloud backup and storage services. Personal online backup to enterprise scale data storage solutions.
  • Legionfarm — Legionfarm is a community of 5,000 pro players who lead 60,000 players while helping them with companionship, ranking, and yield farming. We are a Y Combinator backed company with a wide portfolio of AAA+ games, along with NFT and Metaverse games.
  • Adwisely — Automate Facebook and Google ads for your Shopify store with AI. Get 6x ROAS. Trusted by 1,000+ Shopify brands. Install Adwisely and set up in minutes.
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Andrew Prozes
Angel · New York, New York, United States · 2 investments in Estonia Financial Services startups

Andrew (Andy) Prozes is a business executive with a track record of effective leadership. He has founded, grown and led small and large organizations to generate above market growth and profits.He has extensive experience in information technology and services and is recognized as an expert in the development of information-based workflowsolutions. He currently invests in and serves on the boards of directors of a variety of companies, primarily in the information technology industry, as well as nonprofits and think tanks.

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Investment focus

  • Industry: Information Technology, FinTech, Software
  • Stage:Seed, Series A, Angel
  • Geography: Brazil, Estonia, United States

Investor stats

  • Total investments: 9
  • Round size: Seed $3.7M–$4.4M; Series A $3.4M–$10M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
  • CAF — We are specialists in combating identity theft and people trying to impersonate others.
  • Xolo — Xolo is an all-for-solos business engine that provides local and global solutions for business formation, VAT-compliant invoicing, accounting, tax reporting, business expenses and more.
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STIHL Ventures
VC Fund · Waiblingen, Baden-Wurttemberg, Germany · 2 investments in Estonia Financial Services startups

Investment Focus: We invest from late seed to series B, with sweet spot series A. We prefer to syndicate with existing or new investors and we can take the lead as necessary.

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Investment focus

  • Industry: Software, SaaS, Drones
  • Stage:Seed, Series A
  • Geography: Germany, Denmark, Estonia

Investor stats

  • Total investments: 9
  • Round size: Seed $2M–$6.3M; Series A $3.9M–$12M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Spotta — Spotta's smart pest systems help pest control monitor and identify pests. Solutions for hospitality, care homes, agriculture, farming and forestry.
  • Dryad Networks — Overview of Dryad, providing ultra-early fire detection as well as forest growth and health monitoring.
  • Fairown — Fairown is a fintech company helping banks, brands, and retailers offer products as a service. Unlike BNPL solutions, we provide a unique payment platform, which allows environmentally conscious businesses to offer products for monthly subscriptions, and manage product renewal cycles.
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Shima Capital
VC Fund · San Francisco, California, United States · 2 investments in Estonia Financial Services startups

Shima Capital is an investment fund that focuses on supporting blockchain startups. The firm is headquartered in San Francisco, California, United States.

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Investment focus

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

Investor stats

  • Total investments: 242
  • Round size: Seed $1.7M–$11M; Pre-Seed $1.2M–$2.5M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • 3RM — Verified contact at any decentralized organization. Manage new business, partnerships, and engagement across organizations like never before.
  • BullPerks — BullPerks is a community of like-minded individuals who want to leverage their power and invest together in the best projects on equal terms with VCs.
  • Faith Tribe — Faith Tribe is a open- source fashion design platform that focuses on NFT minting, P2P transactions.
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Martin Sokk
Angel · London, England, United Kingdom · 2 investments in Estonia Financial Services 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
  • 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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Maximilian Tayenthal
Angel · Berlin, Berlin, Germany · 2 investments in Estonia Financial Services startups

Maximilian Tayenthal is co-founder and co-CEO of N26. Together with his business partner and friend Valentin Stalf, he built one of the first and now fastest-growing mobile banks in Europe. Their vision was to create a retail bank that's flexible, transparent and speaks to today's digital lifestyles. Previously, Max worked in a varietyof consulting and financial roles at leading professional services firms, including CMS and Booz & Company. Max holds bachelor’s and master’s degrees in economics and business administration from the University of Vienna. He also has a master’s degree in economics from the Community of European Management Schools, as well as a law degree form the University of Vienna. Max is a CFA charterholder. While Max is based in Berlin, he always makes time for his passion outside of personal finance: skiing in the mountains of Austria and Switzerland.

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Investment focus

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

Investor stats

  • Total investments: 26
  • Round size: Seed $1.1M–$7M; Pre-Seed $202k–$3.3M; Series A $11M–$15M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Terra One — Terra One engages in the development and operation of large-scale battery storage systems.
  • Calibre — Calibre uses causal AI in conjunction with clinical expertise to help people understand what is truly influencing their health and how to modify it.
  • Exakt Health — Exakt Health is the physio app for sports injuries. The Exakt Health app guides users through self-diagnosis for frequent sports injuries and then creates an individualized rehabilitation plan.
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Taavi Kotka
Angel · 2 investments in Estonia Financial Services startups

Taavi Kotka, currently the Estonian Government CIO, has a strong background working in private sector. He started his career as a programmer, rapidly rising to be a Managing Director of the most successful software development company in the region – Nortal, former Webmedia. He is a founder of many innovative start-up companies likezeroturnaround.com, plumbr.eu etc. He has a Master of Science in Engineering from Tallinn University of Technology. Also, Taavi Kotka has many honors: he is the European CIO of the Year 2014 (by ICT Spring), he was the president of the Estonian Association of Information Technology and Telecommunications (ITL) and he was elected as an Entrepreneur of the year in 2011 (by Ernst&Young). Taavi is a board member in many ICT initiatives in Estonia and has been the brainpower behind many Estonian e-government innovative initiatives like e-residency, data embassy, no-legacy policy etc.

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Investment focus

  • Industry: Electronics, Battery, FinTech
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Estonia

Investor stats

  • Total investments: 7
  • Round size: Seed $1.9M–$4.4M; Pre-Seed $292k–$1.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
  • VOOL — VOOL is a one-stop shop for EV Charging. Experience chargers that are reliable, save money, and look damn good. Made in Estonia.
  • Introwise — Introwise makes it easy for everyday experts to offer coaching and advice online.
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Taavet Hinrikus
Angel · London, England, United Kingdom · 2 investments in Estonia Financial Services startups

Taavet Hinrikus is based out of London, England and is the Partner of Plural Platform and Board Member of CoMind. Taavet previously worked at Wise as a Chairman and Co-founder. Taavet Hinrikus attended INSEAD.

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Investment focus

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

Investor stats

  • Total investments: 125
  • Round size: Seed $1M–$7.9M; Series A $7M–$47M; Series B $23M–$52M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Juro — Juro is an all-in-one contract automation platform that helps legal and business users to agree & manage contracts in one unified workspace.
  • Meatable — Meatable is a food production company that produces real and guilt-free meat. With one cell, they are revolutionizing the meat industry's impact on climate change and animal welfare. At the same time they increase food security, without compromising the culinary experience of eating tasty, real meat. They aim to satisfy the world'sappetite for meat without harming people, animals, and the planet.It was founded in 2018 and is headquartered in Delft, South Holland, The Netherlands.
  • Skeleton Technologies — Skeleton Technologies is the global leader in ultracapacitor & supercapacitor energy storage and helps companies in automotive, transportation, grid, and industry to save energy.
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Morningstar Ventures
VC Fund · Dubai, Dubai, United Arab Emirates · 2 investments in Estonia Financial Services 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: 132
  • Round size: Seed $1.5M–$10M; Series A $1.4M–$25M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Aark — Trade crypto perpetuals with up to 1000x leverage, zero gas fees, and an industry-low 0.01% trading fee. Earn payback on losses with VIP rewards. RWA & altcoin perps on Arbitrum. Backed by OKX Ventures.
  • Ta-da — We collect, annotate, and label audio, image, video, and text data to power your AI training. From voice and facial recognition to biometrics and object detection, we build tailored datasets for your needs.
  • Itheum — As we enter the web3 and metaverse era; Itheum unlocks data silos and generates new value for your data.
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Markus Villig
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Financial Services 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: 27
  • Round size: Seed $1.1M–$3.5M; Pre-Seed $230k–$3.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • GScan — Cosmic-ray based solutions for 3D imaging. GScan redefines the boundaries of 3D scanning with Muon Flux Technology (MFT) detectors. Unparalleled quality, safety, ease-of-use. Scan anything. Detect everything.
  • Sera — Sera's AI streamlines prospecting with tailored lists and enriched profiles, including accurate emails and metrics.
  • ScamGuardian.AI — Providing Actionable Intelligence to Stop Scams
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Anatoly Yakovenko
Angel · San Francisco, California, United States · 2 investments in Estonia Financial Services startups

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, Software, Cryptocurrency
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 64
  • Lead/follow: no public data

Portfolio highlights

  • worm.wtf — worm.wtf is the prediction marketplace for the Solana ecosystem.
  • Pulse — Pulse is a developer of an all-in-one health and wellness platform designed to integrate a wearable gadget and a fitness tracking software.
  • Vanish Trade — Vanish Trade is a Solana-based trading platform focused on anonymity.
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Julien Bouteloup
Angel · London, England, United Kingdom · 2 investments in Estonia Financial Services 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: Cryptocurrency, Blockchain, Financial Services
  • Stage:Seed, Angel, Series A
  • Geography: France, Singapore, United States

Investor stats

  • Total investments: 25
  • Lead/follow: no public data

Portfolio highlights

  • Raiku — Raiku is a Web3 infrastructure startup focused on enhancing the Solana blockchain's reliability and predictability.
  • Zama — Secure data privacy of your application with the Zama Concrete framework and its fully homomorphic encryption library
  • Turtle Club — Turtle aligns incentives between protocols and LPs to offer the best curated incentives in DeFi.
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Parallax Ventures
VC Fund · São Paulo, Sao Paulo, Brazil · 2 investments in Estonia Financial Services startups

Founded in 2018, Parallax Ventures is a Fintech-focused top quartile Venture Capital firm that focuses on early-stage investments, baking best-in-class entrepreneurs in the Financial Services industry. The firm invests in Fintechs across all subsectors of Financial Industry, including Open Finance, FMI, Exchanges, BaaS, IaaS, B2B SaaS,Blockchain/Web3, Credit, Wealth Management tech, and Productivity, among others. Parallax has invested in Fintechs in Brazil, USA, and Europe.

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Investment focus

  • Industry: FinTech, Financial Services, Bitcoin
  • Stage:Seed, Series A, Series B
  • Geography: Brazil, Estonia, United States

Investor stats

  • Total investments: 17
  • Lead/follow: no public data

Portfolio highlights

  • Wert — Making purchasing of NFTs seamless and not requiring users to have crypto.
  • Klavi — Klavi specializes in data analytics and open data connectivity that receives data securely, quickly, and scalable through a single API.
  • CAF — We are specialists in combating identity theft and people trying to impersonate others.
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Financial Services Investor funding in Estonia at a glance

Stats across 102 deals from 229 investors.

229
investors
in Estonia Financial Services startups
102
deals
in Estonia Financial Services startups
$1.7M
median round
in Estonia Financial Services startups
24%
lead investors
lead at least one round
35%
Seed
most common funding stage
82/18
VC / Angel
share of investor count

Access all 229 investors in Estonia Financial Services startups.

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