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Top 50 Gaming Startup Investors in Estonia in May 2025

Last updated: May 2025 A list of 50 angel investors and VC (Venture Capital) funds that invest in Gaming startups based in Estonia. We rank investors based on the number of investments they made in Gaming companies from Estonia. We update this investor list every month.

Top 50 Gaming Startup Investors in Estonia in May 2025

Investor	Gaming Estonia investments
Märt Kelder	3
OIG Ventures	2
Spring Capital	2
AU21 Capital	2
Joachim Hedenius	2
Kaarel Kotkas	2
Change Ventures	2
Specialist VC	2
Sebastien Borget	2
Andrus Purde	2
Lotus Capital	1
Veljo Otsason	1
Samsung NEXT	1
Jaan Tallinn	1
GD10 Ventures	1
Martin Rand	1
Aare Järvan	1
Raivo Kütt	1
Avalon Wealth Club	1
Stefano Corazza	1
Marvin Liao	1
Contriber Ventures	1
Anand Agarawala	1
Tiny VC	1
Otis Capital	1
International Finance Corporation	1
Token Ventures	1
Tiny VC	1
Hubert Thieblot	1
Brian Corrigan	1
Genesis Ventures	1
Trind Ventures	1
CharlieGaming CZ	1
Poolz Finance	1
Kristian Segerstrale	1
Leovegas	1
NordicNinja VC	1
Riccardo Zacconi	1
Diamond Atlas Capital Limited	1
Forward Venture Capital	1
Gautam Shah	1
Panda Capital	1
Shima Capital	1
FunFair Ventures	1
Concentric	1
MV Global	1
RubyLight	1
Konvoy	1
DEPO Ventures	1
Anton Gauffin	1

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Investor list

founder at Voog.

Investment focus

Information Technology, Public Transportation, Software
Seed, Angel, Pre-Seed
Estonia, Pakistan, Bangladesh

Portfolio highlights

BusCaro — Comfort, Reliability Consistency. Your one-stop solution for hassle-free commute. Commute Made Easier About BusCaro Innovative approach towards mobility for organizations across Pakistan. BusCaro is a tech-based startup providing solutions aimed at simplifying commute. Paired with a reliable technology stack, and the mission to drive a positive change in the mobility sector, BusCaro is a seamless
Supersimple — Supersimple helps SaaS companies use customer behavior data to drive decisions in product & sales.
Detail — Record and edit videos with Detail for iOS and macOS. Everything you need to create videos and podcasts, fast. Download for free on the App Store.

OIG Ventures is an investment firm.

Investment focus

Blockchain, Gaming, Cryptocurrency
Seed, Series A, Initial Coin Offering
Estonia, Singapore, Seychelles

Portfolio highlights

Rivalz Network — Rivalz is creating the World Abstraction Layer for AI and AI Agents.
GEMS — GEMS is an Esports 3.0 aggregator Platform that combines the elements of GameFi, Esports, Metaverse and SocialFi (GEMS).
Aura Network — Aura Network is the dedicated RWA chain designed for the next generation of enterprise, entertainment, and government innovation, delivering enhanced efficiency, transparency, and accessibility

Investments in exceptional teams in the Baltics & Nordics.Our two main focuses include: 1. Startups with a technological edge. Seed stage. Our check size is from €50K up to €200K. With a vast experience in startup building, we typically get hands-on with our advice and help the founders achieve operational excellence. 2. Innovators oftraditional sectors. SMEs with a proven track and strong market position. Clear plans to accelerate the growth. Our investment ticket can be from €300K to €700K to support these aspirations. If you think we have a match, reach out through invest@springcapital.ee.

Investment focus

Software, E-Commerce, SaaS
Seed, Pre-Seed, Series A
Estonia, Finland, United States

Portfolio highlights

Uniify — Uniify is a no-code customer onboarding software that makes it fast, easy and secure for financial companies to onboard their customers. Save your business time and money, and build onboarding flows for your customers in minutes instead of months.
Crisp — Crisp connects data between retailers, distributors, and brands to power real-time insights across the supply chain.
Salesforge — Salesforge is an all-in-one sales execution super app that gives every sales team the highest probability to hit their target by tackling email deliverability and the need to personalize cold email outreach at scale.We do that by enabling real-time AI & machine learning to decision critical sales activities, enhance messaging and eliminatethe need for various sales point solutions, therefore driving superior conversion rates.

A fund dedicated to backing the most brilliant minds in the blockchain space

Investment focus

Blockchain, Cryptocurrency, Gaming
Seed, Funding Round, Initial Coin Offering
United States, Singapore, United Kingdom

Portfolio highlights

A-World — A-world is a super metaverse card tower defense battle game based on BNB CHAIN.
NeuronX — NeuronX Protocol is the pioneering decentralized lending protocol on Dfinity, setting the stage for smart DeFi. By focusing on AI-driven automation and enhanced user experiences, NeuronX aims to revolutionize the DeFi landscape and appeal to a broader audience. At the core of NeuronX is a groundbreaking innovation: AI-Powered Smart LiquidityPlatforms (AILPs). These AILPs are advanced vault strategies operated by intelligent AI algorithms. Users can effortlessly gain leverage by simply depositing a base asset. Behind the scenes, AILPs leverage AI to automate complex transactions and continuously rebalance positions, ensuring optimal leverage without the risk of liquidation. This integration of AI streamlines the process, making advanced financial strategies accessible and hassle-free.
Vue Protocol — Vue Protocol operates as a layer2 for Web3 Social.

Joachim Hedenius is the VPE and Co-Founder of KRY.

Investment focus

Gaming, Augmented Reality, Virtual Reality
Seed, Pre-Seed, Series A
Sweden, Estonia, Germany

Portfolio highlights

Passionfroot — A workspace where you can manage your creator business and organise your finances so that you can optimise your creator-work-life balance.
Ready Player Me — The Ready Player Me platform leverages AI, ML , and a suite of developer-first tools to empower developers to integrate avatars into their games and apps to launch faster, improve user adoption, and grow revenue through asset monetization.
Ready Player Me — The Ready Player Me platform leverages AI, ML , and a suite of developer-first tools to empower developers to integrate avatars into their games and apps to launch faster, improve user adoption, and grow revenue through asset monetization.

Kaarel Kotkas is a Co-Founder and CEO at Veriff.

Investment focus

Software, Gaming, 3D Technology
Seed, Series A, Angel
Estonia, United Kingdom

Portfolio highlights

Yaga — Yaga is designed for everyone who wants to sell items online in a convenient and secure manner.
Yera — Improve quality of support, sales, on-time delivery, time tracking and more. The only fully automated all-in-one engagement & reward system for teams. Results in just 30 days (or less).
Yera — Visualize agent performance. Gamify work and plant real trees. High-growth companies use Yera to empower their agents, improve KPIs, and reduce their carbon footprint. Agents can deliver their best work, feel motivated, and help save the planet.

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

Investment focus

Software, Information Technology, Apps
Seed, Pre-Seed, Series A
Estonia, Latvia, Lithuania

Portfolio highlights

Modash.io — High performing marketing teams use Modash to find, analyze and monitor influencers at scale all over the world. Join them today.
ENGYcell — ENGYcell provides personalized energy storage solutions to reduce energy costs, gain energy independence, and participate in the energy market.
Trace.Space — Engineers develop complex products 10x faster with Trace.Space. Requirements management for the next generation

United Angels VC is an early stage venture capital fund based in Estonia.

Investment focus

Information Technology, Software, Artificial Intelligence
Seed, Pre-Seed, Funding Round
Estonia, United Kingdom, United States

Portfolio highlights

Miros — Revolutionizing ecommerce with AI-powered visual search and semantic search. Seamless, tagless, and intuitive product discovery for all shoppers.
Sera — Sera's AI streamlines prospecting with tailored lists and enriched profiles, including accurate emails and metrics.
CyberUpgrade — Easily manage ICT compliance audits by tracking controls, handling ever increasing requirements, and sharing policies. Gain control over cyber security measures.

Sebastien Borget is the Co-founder and COO of Pixowl. Passionate for blockchain technology, gaming and education, he is a very active speaker and evangelist who spent the past 8 years focused exclusively on mobile gaming, creating successful games that were downloaded millions of times.

Investment focus

Blockchain, Cryptocurrency, Gaming
Seed, Series A, Pre-Seed
United States, France, Estonia

Portfolio highlights

Party Icons — Party Icons is a web3 mobile gaming platform. Its mission is to blend the social glue of party games with the intensity of extraction shooters.
Pacific Meta — Pacific Meta is a tech startup that creates a web3 platform with the goal of offering guidance to businesses using blockchain technology. The firm platform aids in the product's localization for the Japanese market and offers community management services, enabling businesses to promote themselves on social media platforms and work withinfluencers in the cryptocurrency space.
Alliance Games — Decentralized gaming platform blending AI creation, multiplayer tech, and worker nodes.

Experienced startup marketer. Co-founder and CEO of Outfunnel. Skype and Pipedrive alumni. Angel investor.

Investment focus

Software, Public Transportation, Internet
Seed, Pre-Seed
Estonia, United Kingdom, Cyprus

Portfolio highlights

Avrio — Capture and share data analysis, user research, and learnings directly in context, with your team.
Klaus — Klaus is a conversation review tool that improves customer service quality by making internal feedback easy and systematic. It also integrates with your help desk, good for improving the quality of answers and on-boarding new agents. They also connect to your favorite help desk solution and saves time on fumbling around with spreadsheets and comingup with the review system.Klaus is based in Tallinn, Estonia.
SegmentStream — SegmentStream is a data intelligence platform which helps collect and unify from different data sources into own data warehouse for advanced analytics and attribution. Our solution is trusted by leading brands such as Benetton, Nespresso, New Balance, myToys, Eventim Group, and others.

Lotus Capital Investments

Investment focus

Gaming, Blockchain, Mobile Apps
Funding Round, Seed
Egypt, Norway, Estonia

Portfolio highlights

Joystream — JoyStream is a blockchain powered decentralized media distribution, curation, discovery, and monetization platform.
Forward Protocol — Create Blockchains, Subnets, and dApps with A No-Code Interface Wordpress for Web 3.0 Cross-Chain Compatible Industry Agnostic Adoption-Focused Deploy Your dApp Now Join the Community Featured In Deploy and go live in a few minutes. No programming skills required. https://www.youtube.com/watch?v=K07z8cQPQGI&ab_channel=ForwardProtocol Lowest Barrier to Entry Easy to use Open Source Drag and drop Complete control Set
The Fashion Kingdom — Fashion, Sneakers for men, women, and kids

Veljo Otsason is Estonian entrepreneur and investor. In 2007 he co-founded mobile payments company Fortumo and served as its CTO. Since 2013 he has been active angel investor and early backer of Bolt (formerly Taxify), Monese, Veriff, Pipedrive & 30+ others. In 2018 he co-founded Superangel, early-stage seed fund and company builder.

Investment focus

Film, Manufacturing, Electrical Distribution
Seed, Angel, Pre-Seed
Estonia, United States, United Kingdom

Portfolio highlights

Bolt — The smartest way to move around in cities. Forget expensive taxi rides or slow public transport. Get a ride in minutes. Download the Bolt app for iOS and Android.
Veriff — Highly automated identity verification software from Veriff. We help you build trust and transparency online.
Digital Sputnik — Making Hollywood level virtual production simple, fast and budget-friendly. Without big screens and teams. Show anything real on any virtual background and let the AI lights sync with the background. For film makers, influencers, streamers and live event organizers.

Samsung NEXT Ventures is an investment arm of Samsung NEXT, a multifaceted innovation group within Samsung Electronics dedicated to identifying new growth opportunities that will define the next decade. The firm prefers to invest in artificial intelligence, fintech, blockchain, health technology, infrastructure, and media technology sectors.

Investment focus

Software, Artificial Intelligence, Blockchain
Seed, Series A, Series B
United States, Israel, Canada

Portfolio highlights

Expanso — Your solution for distributed data processing. Orchestrate container jobs where data resides, eliminate transfers, and leverage Bacalhau.
Kudos — Kudos is a smart assistant in the browser that tells the customer the best card to use when they check out when shopping online. Their first offering is a browser plugin that helps users maximize the benefits of their cards when they shop online by calculating rewards and perks for them and streamlining the checkout process with seamless autofill.Over a million merchant sites can use Kudos, which supports about 3000 different cards.It was founded in 2021 and is based in Woodland Hills, California.
Remepy — Remepy is biotechnology research pioneering hybrid drugs. The company believes that in the future, software applications will become an integral part of treatments offered by Pharma companies in the form of Hybrid Drugs. These will include both a software component and a traditional drug component - influencing patients via Hybrid Mechanisms ofAction™.It was founded in 2022 and is located in Ramat Gan, Tel Aviv.

Jaan Tallinn is the Co-Founder of the Centre for Study of Existential Risk and Future of Life Institute.

Investment focus

Software, Artificial Intelligence, Internet
Seed, Series A, Funding Round
United States, Estonia, United Kingdom

Portfolio highlights

Aerones — Robotic wind turbine service company offering maintenance, inspection and repairs worldwide. Reduce downtime and improve the efficiency of your wind park
Anthropic — An AI safety and research company that's working to build reliable, interpretable, and steerable AI systems.
TENYX — Discover innovative solutions for digital transformation at Tenyx. Explore our cutting-edge technology services designed to drive business growth and elevate your digital presence.

GD10 Venture helps develop early-stage Web3 companies through their alliance of financiers and marketers.

Investment focus

Blockchain, Gaming, Cryptocurrency
Seed, Funding Round, Initial Coin Offering
Hong Kong, United States, India

Portfolio highlights

DOS Labs — DOS stand for Decentralized Operating System. We build a blockchain gaming platform for web3.
Ertha — Build The World You Want To Live In
KIP Protocol — KIP Protocol is a decentralised AI framework unlocking digital property rights of Knowledge Assets in the AI-powered future.

Martin Rand is the CEO and Co-Founder of Pactum.com. Contributor to Forbes.com.

Investment focus

Software, CAD, Hospitality
Seed
Estonia, United Kingdom

Portfolio highlights

FoodDocs — Fully customizable Food Quality Management Software that can be set up in 15 minutes to easily digitize your food safety processes and ensure compliance.
Partscosting Ltd — Partscosting engages in helping engineers bring costing decisions into the initial design phase. They do this by connecting standard component data, including price and availability, directly into 3D CAD software.

Aare Järvan

Investment focus

Apps, Gaming, Mobile
Angel
Estonia

Portfolio highlights

3DC.io — The 3D Design App for Schools

Raivo Kütt

Investment focus

Apps, Gaming, Mobile
Angel
Estonia

Portfolio highlights

3DC.io — The 3D Design App for Schools

Avalon Wealth Club is a dynamic group of marketing experts, blockchain veterans, real estate investors and event organizers

Investment focus

Blockchain, Cryptocurrency, Gaming
Seed, Funding Round, Series A
United States, Singapore, United Kingdom

Portfolio highlights

Solak — Solak is an AI browser and DeFi platform that is transforming the digital world.
OpenPad AI — OpenPad - The 1st AI Decentralized Launchpad
Stabble — stabble is a protocol revolutionizing liquidity pools by introducing protocol-managed and arbitrage pools. This allows stabble to tackle critical inefficiencies prevalent within Solana's decentralized exchanges.

Currently Fellow&VP at Adobe Systems, Stefano heads Adobe's Augmented Reality effort. The mastermind behind Mixamo's advanced technology, Stefano Corazza applied his experience from the University of Padua Human Movement Lab and the Stanford University Biomotion Lab to develop the effective mathematical and machine learning solutionsthat support Mixamo.Prior to Mixamo, Corazza was a research associate at the Stanford University Biomotion Lab until 2008 where he developed markerless motion capture technology and won the Stanford-Caltech-Berkeley Innovators' Challenge in 2005. He additionally is the CTO and co-founder of dublit.com, a Web 2.0 site for short-form literature based in San Francisco; and co-founded and served on the board for Memory SRL, an enterprise software company based in Italy.A true Renaissance man active within the domain of large scale kinetic and new media art and with a past as paragliding test-pilot, Corazza holds a bachelor of science in mechanical engineering from University of Padua, a master of design from University of Florence, a Ph.D. in mechanical engineering and a Ph.D. in bioengineering and computer vision from University of Padua, part of which was completed at Stanford University.

Investment focus

Gaming, Social Media, 3D Technology
Series A, Series B
Estonia, United States

Portfolio highlights

Koji — Koji is the world’s most powerful Link in Bio platform. With hundreds of free apps created by Koji and its community of independent developers, the Koji Link in Bio gives leading Creators on TikTok, Instagram, Twitch, and other social media platforms new ways to engage audiences, connect with supporters, and monetize.
Ready Player Me — The Ready Player Me platform leverages AI, ML , and a suite of developer-first tools to empower developers to integrate avatars into their games and apps to launch faster, improve user adoption, and grow revenue through asset monetization.

Marvin works with awesome startups across the globe and at the SF/SV accelerator programs – that is, when he's not practicing his signature song (Backstreet Boys ``I Want it That Way`` btw) & dealing with his book buying addiction, A recovering exec from Yahoo! he's very happy to be part of the Revolution! He invests in digitalmedia, adtech, marketing cloud, e-commerce and mobile startups across the globe. Formerly of Yahoo! Inc. (10.5 years), Marvin has worked in various departments – sales, business development, ad operations and marketing. Most of his positions have been regional or global management roles, giving him extensive experience across Asia, Europe, Latin America and the United States. He presently serves on the boards and advisory boards of several internet advertising and ad technology companies across the globe. In addition, he is a mentor for several startup accelerator programs in Europe, Israel and the US, helping guide startup teams with their sales, marketing and partner development efforts.I'm an experienced client-facing senior executive in the media and technology space in both large and start up growth companies, managing large multifunctional teams across multiple countries while based in the Silicon Valley.A longtime fan, participant, and an observer of the digital technology revolution occurring for the last 14 years across the world, i am presently on the advisory boards of several internet advertising and ad technology companies across the globe.

Investment focus

Software, Artificial Intelligence, Information Technology
Pre-Seed, Seed, Series A
United States, France, Latvia

Portfolio highlights

Dynamiq — Build, deploy and monitor on-premise GenAI applications to solve specific business needs, reducing costs, driving revenue and boosting competitiveness - all in one platform
Ready Player Me — The Ready Player Me platform leverages AI, ML , and a suite of developer-first tools to empower developers to integrate avatars into their games and apps to launch faster, improve user adoption, and grow revenue through asset monetization.
Starchain Gazer — Building the most user-centric Web3 game studio in the world, creating powerful gaming experiences.

.Cocoon | Hubs | Investments

Investment focus

Software, Apps, 3D Technology
Seed, Angel, Series A
Estonia, Finland, Germany

Portfolio highlights

Speakly — SPEAKLY is a powerful language learning tool
Timbeter — Digital supply chain management for timber. Our Timber Resource Planning ensures that the forestry industry & governments increase sustainability, efficiency and transparency
Ready Player Me — The Ready Player Me platform leverages AI, ML , and a suite of developer-first tools to empower developers to integrate avatars into their games and apps to launch faster, improve user adoption, and grow revenue through asset monetization.

Anand Agarawala is the creator of BumpTop, an irresistible new desktop interface with a satisfyingly three-dimensional physicality and a fresh approach to interactivity.Anand completed his Master thesis in 2006 which pioneered a novel physically based desktop interface leveraging expressive power and casual nature of real desks. His Masters ofComputer Science was completed at the University of Toronto. He completed his undergraduate thesis in 2004 at the University of Calgary. In his free time, Anand enjoys competitive team sports such as hockey and basketball. He often travels to India and across Europe and North America.

Investment focus

Health Care, Mobile, SaaS
Seed, Pre-Seed, Series A
United States, Canada, Estonia

Portfolio highlights

Watsi — Watsi is a nonprofit that brings people together through technology to fund life-changing healthcare.
FANtium — Build your portfolio of sports assets, participate in their success, and become part of the team.
Ready Player Me — The Ready Player Me platform leverages AI, ML , and a suite of developer-first tools to empower developers to integrate avatars into their games and apps to launch faster, improve user adoption, and grow revenue through asset monetization.

Backing great companies when they're tiny

Investment focus

Software, Artificial Intelligence, Information Technology
Pre-Seed, Seed, Series A
United Kingdom, Germany, United States

Portfolio highlights

VitVio — VitVio is a platform built around AI and computer vision with the goal of improving efficiency and quality of care in operating rooms.
Paper — Paper is an digital canvas designed to help designers create and organize their work.
Outcome — TeamOS makes team dependencies visible, speeds up blocker resolution, and offers actionable insights into bottlenecks

Otis Capital Fund Management Company (“OCAM”) is one of the industry leaders in the field of digital asset investment in Vietnam. Licensed by the Department of Planning and Investment of Hanoi City with the field of fund management, investment portfolio management, and investment consulting services. OCAM's vision and goal is to provide themost optimal investment solutions for investors, as well as the best investment knowledge, finance, and customer care services.

Investment focus

Gaming, Blockchain, Mobile Apps
Seed
Estonia, Singapore

Portfolio highlights

Chimeras — Chimeras is a thrilling mobile game available in Google Play Market and Apple App Store. It is developed as a free-to-play and play-and-earn game with the integrated DEFI farming and NFTs.
Enjinstarter — Web 3.0 Entertainment, Sports, Fashion, Metaverse, Social, Gamefi & Gamified Utility

A strong and engaged private sector is indispensible to ending extreme poverty and boosting shared prosperity. That's where IFC comes in - we have more than 60 years experience in unlocking private investment, creating markets and opportunities where they are needed most.

Investment focus

Financial Services, Finance, FinTech
Debt Financing, Funding Round, Series B
India, Brazil, United States

Portfolio highlights

ACCIONA — At ACCIONA we offer sustainable solutions to the most urgent challenges facing the planet, such as global warming, energy needs and water shortages
Yondr Group — We are Yondr, a global developer, owner and operator of hyperscale data centers. Our mission is: global capacity responsible delivery.
Lagos Free Zone — Lagos Free Zone provides exceptional infrastructure facilities and services.

We see a bright future of blockchain-based technologies.

Investment focus

Blockchain, Cryptocurrency, FinTech
Seed, Pre-Seed, Funding Round
Estonia, France, Austria

Portfolio highlights

Arcium — The first parallelized confidential computing network.
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.

Backing great companies when they're tiny

Investment focus

Software, Artificial Intelligence, Information Technology
Seed, Pre-Seed, Series A
United Kingdom, Germany, United States

Portfolio highlights

trawa — The partner for renewable and affordable electricity for businesses. Get electricity directly from solar and windparks with corporate PPAs.
Maiven — We make climate policy simple, so you can act with confidence.
Grouphug — Generates memes from the archive of group WhatsApp chats

Hubert Thieblot is the General Partner of Founders. He founded Curse, Inc. in 2005 and serves as its Chief Executive Officer.

Investment focus

Gaming, Artificial Intelligence, Developer APIs
Seed, Pre-Seed, Series A
United States, Denmark, Estonia

Portfolio highlights

Yomi Games — Yomi Games is a blockchain gaming studio developing social Play-and-Earn video games targeted at casual audiences.
Kontigo — We help underbanked gig workers in Latam build credit and access group financing where small groups of family or friends lend and save money together. Users can validate their income from multiple sources such as gig apps, catalog sales, and open finance (Uber, Rappi, Didi, Indriver, Avon, and all major banks). After verifying the income wedirectly offer them group savings and group loans, without leaving WhatsApp, their primary messaging app.
Ready Player Me — The Ready Player Me platform leverages AI, ML , and a suite of developer-first tools to empower developers to integrate avatars into their games and apps to launch faster, improve user adoption, and grow revenue through asset monetization.

Brian Corrigan is the VP and Head of Americas at PUBG Corporation. He attended Clarkson University and the University at Albany, SUNY. (This website is horribly out of date, probably best to hit my website or LinkedIn)

Investment focus

Gaming, Internet, SaaS
Series A, Seed, Angel
United States, Estonia, South Africa

Portfolio highlights

Powerspike — Powerspike is a new type of advertising network based on content creators - where any marketer can make their brand famous in a few clicks. Our Endorsement Serving technology automatically buys, executes, and optimizes content creator endorsements - replacing the traditionally lengthy process of RFP’s, human negotiations, and insertion orders.
Ready Player Me — The Ready Player Me platform leverages AI, ML , and a suite of developer-first tools to empower developers to integrate avatars into their games and apps to launch faster, improve user adoption, and grow revenue through asset monetization.
Carry1st — Carry1st develops and publishes enriching mobile games and content apps for African consumers.

Making early-stage founders successful globally. A coaching and angel investment platform for early-stage startups.

Investment focus

Software, Artificial Intelligence, FinTech
Pre-Seed, Seed, Funding Round
Greece, United Kingdom, United States

Portfolio highlights

PlugSecure — Protecting electric vehicle charging networks from cyber threats with advanced security monitoring and threat detection.
Wealthyhood — Stocks, ETFs and high interest with zero commissions and powerful automation. Start building wealth today!
Progressive Robotics — Making Robots Smarter

Trind Ventures is an early stage VC fund based in Tallinn, Estonia. Investing in start-ups across Europe, from seed rounds all the way to sustainability, with a focus on ICT. Trind Ventures partners are Joel Aasmäe, Ivar Siimar, Kimmo Irpola and Taavi Lepmets.

Investment focus

Software, Information Technology, Marketplace
Seed, Series A, Funding Round
Estonia, Finland, Sweden

Portfolio highlights

Webel — Webel is an on demand Home Services Marketplace (cleaning, nannies, tutors...) where clients can search, book, compare, pay and review these services. Thanks to a deep analysis of the current methods for hiring these services and the competition outlook, we have created a unique and revolutionary business model that will outperform the market.
Jobilla — Reach and activate your target group with a powerful recruitment solution. Increase the amount of applications and get 7X more qualified candidates.
Bahn Express — Fast and Effortless Car Transport

CharlieGaming is your guide to the world of NFT games and the Metaverse. From CryptoKitties to Axie Infinity, from Decentraland to The Sandbox - we cover and teach you about it all.

Investment focus

Gaming, Blockchain, Cryptocurrency
Seed
Estonia

Portfolio highlights

Legends of Elysium — Legends of Elysium (LoE) stands out as one of the most difficult and complex online trading card games, combining deep strategic card play with hex-based board mechanics for a unique tactical experience. Players must navigate intricate deck-building, manage limited resources, and control the battlefield by terraforming lands to meet card requirements. The game challenges even seasoned players with dynamic unit movement, terrain control, and strategic hero selection, making it one of the hardest tactical card games online. Every decision impacts the outcome, demanding foresight, adaptability, and mastery of complex mechanics to achieve victory.

Poolz is a decentralized swapping protocol offering blockchain startups the ideal package of services, including tech, investors, and influencers, to manage their listing process successfully on the Poolz D’app.

Investment focus

Cryptocurrency, Blockchain, Gaming
Seed, Funding Round, Pre-Seed
Estonia, Singapore, Spain

Portfolio highlights

AutoLayer — All LRTfi. One Interface.
Banger — Banger is a blockchain-powered gaming platform that provides its users with an array of earning possibilities. Banger was founded in 2019 and was headquartered in Madrid, Spain.
Neptune Mutual — Need Crypto Insurance? You don't need to submit loss proof to receive payouts. No need to wait after creating a claim. Get a free price quote now.

Kristian Segerstrale is the Co-founder of Initial Capital and Board member of Supercell, as well as the Co-founder and CEO of Playfish. Kristian has been at the forefront of the rapidly transforming game industry since 2001.He was a co-founder of mobile gaming pioneer Macrospace – today Glu Mobile (Nasdaq: GLUU) in 2001 through the successfulIPO in 2007. He left to co-found Playfish, the social gaming pioneer, where he served as CEO through the company’s rapid growth to 60 Million players and the subsequent acquisition by Electronic Arts for $400M in 2009. After a period as EVP Digital at Electronic Arts driving the aggressive transformation of the company from packaged goods to digital, Kristian left in March 2013 to focus on startups. Today Kristian leads seed stage investments with Initial Capital and serves on the board of Supercell, the #1 iOS game company.Kristian has previously served on the board of LOVEFiLM, the European streaming video pioneer until its acquisition by Amazon.com.

Investment focus

Gaming, Online Games, PC Games
Seed, Series A, Angel
United States, Finland, India

Portfolio highlights

Battlebound — Battlebound is on a mission to build memorable lifelong gaming communities that invite players into Heroic Stories, creating deep connections and positive life changes. Heroic stories are thrilling gameplay moments that bring players together and enrich players lives inside and outside the game. We believe blockchain technology will deepen these moments and enrich the player experience when paired with world-class gameplay.
Harmony Games — Harmony Games is a developer of next-generation hybrid-casual games.
Dead Astronauts — Dead Astronauts reinvents open-world game experiences with technical innovation at the core of the company and PLAYER CREATIVITY at the core of the games we make.

LeoVegas is the premier GameTech company and is at the forefront of using state-of-the-art technology for mobile gaming. We are the King of Casino.

Investment focus

Gaming, SaaS, Gambling
Seed, Pre-Seed, Funding Round
Sweden, Estonia, United Kingdom

Portfolio highlights

humbl.ai — humbl.ai offers a modular suite of tools that use Automation and AI to empower iGaming and E-commerce clients in the areas of paid media, affiliation, SEO, and compliance.
Like a Boss Games — Like a Boss is a mobile games studio consisting of an awesome team with decades of experience from the worlds most successful gaming companies. The company is on a clear mission to entertain millions of sports fans with innovative social games for smart phones & tablets.
BeyondPlay — Home to the best multiplayer real money gaming experience, we are on a mission to redefine how people play.

NordicNinja VC invests in startups in the Nordic-Baltic region.

Investment focus

Software, Information Technology, Artificial Intelligence
Series A, Series B, Seed
Finland, Sweden, Estonia

Portfolio highlights

LiveEO — LiveEO is the leading solution provider for AI-powered satellite-based monitoring of large infrastructure networks. Trusted worldwide.
tozero — Truly bringing lithium-ion battery waste tozero by recovering all critical matierlas, like lithium, nickel, cobalt, manganese, and graphite.
VSPARTICLE — VSPARTICLE develops nanoparticle generators for various applications such as sensors, batteries, catalysis, solar cells, healthcare, additive manufacturing, nano safety, and more. It also enables research and industry to generate new materials at the push of a button.They specialize in nanoparticle production and integration. The technologyspeeds up the developments of customers by producing the desired nanoparticles on location and integrate them directly in the final product. VSPARTICLE was founded in 2014 and is headquartered in Delft, The Netherlands.

Previously, Riccardo served as vice president of European Sales and Marketing at uDate.com Ltd., an online dating service, and was involved in driving market penetration and partnerships until the company was acquired by InterActive Corporation in 2002. Before that, he was managing director for Spray Network GmbH an online portal based inHamburg with a presence in Germany, France, Italy, Sweden, Denmark and Norway. In this role, Riccardo demonstrated his understanding for developing solid company strategy, intelligent plans for sustainable growth and strategic partnerships, which supported the successful sale of Spray Network to Lycos for $764 million. In addition, Riccardo has been an entrepreneur-in-residence at Benchmark Capital Partners, a Qualified Case Leader at The Boston Consulting Group, Inc. and a consultant at LEK Consulting LLP. He holds a B.A. in Economics from LUISS University, Italy. Riccardo’s favourite King game used to be Jungle Bubble. He’s currently deciding on his new favourite King game.

Investment focus

Gaming, Mobile, Online Games
Series A, Seed, Series B
United States, Estonia, United Kingdom

Portfolio highlights

Pahdo Labs — Pahdo Labs is building an Anime-style action MMORPG and game creation platform. The company's mission is to cultivate a virtual world built by players, an online place where people can have a meaningful role in something bigger than themselves, own and share the products of their ingenuity, and foster a sense of belonging for others.PahdoLabs was founded in 2020 and is based in New York, NY.
Ready Player Me — The Ready Player Me platform leverages AI, ML , and a suite of developer-first tools to empower developers to integrate avatars into their games and apps to launch faster, improve user adoption, and grow revenue through asset monetization.
Mainframe Industries — We are developing a cloud-native sandbox MMO with a team consisting of former CCP, Remedy, Blizzard and Next Games veterans. Want to join?

Diamond Atlas is dedicated to guiding the development of Web 3.0 and decentralized finance to create intrinsic, sustainable value.

Investment focus

Gaming, Blockchain, Cryptocurrency
Seed
Estonia

Portfolio highlights

Legends of Elysium — Legends of Elysium (LoE) stands out as one of the most difficult and complex online trading card games, combining deep strategic card play with hex-based board mechanics for a unique tactical experience. Players must navigate intricate deck-building, manage limited resources, and control the battlefield by terraforming lands to meet card requirements. The game challenges even seasoned players with dynamic unit movement, terrain control, and strategic hero selection, making it one of the hardest tactical card games online. Every decision impacts the outcome, demanding foresight, adaptability, and mastery of complex mechanics to achieve victory.

Forward Venture Capital is a Venture Capital fund that invests in early-stage companies in the US and Europe. We support early stage entrepreneurs and help them accelerate their growth.

Investment focus

Software, Financial Services, E-Commerce
Seed, Series A, Pre-Seed
United States, Sweden, Denmark

Portfolio highlights

Uniify — Uniify is a no-code customer onboarding software that makes it fast, easy and secure for financial companies to onboard their customers. Save your business time and money, and build onboarding flows for your customers in minutes instead of months.
Niricson — Niricson Software has developed a proprietary damage assessment software platform paired with a patent-pending drone-based data collection technology that helps infrastructure owners inspect their structures (e.g. hydro dams) in a way that is more accurate, five times faster, and 50% more cost-effective. Niricson is differentiated by its ability toautomatically detect and quantify not only surface damage, but also subsurface damage.
Brink Commerce — Brink Commerce offers leading eCommerce solutions. Boost growth, perfect customer experiences, and unlock agility with our Composable Commerce API.

Gautam Shah

Investment focus

Cryptocurrency, Blockchain, Video Games
Series B, Series C, Seed
United States, Estonia

Portfolio highlights

Faraway — Faraway makes hyper-social blockchain games with player-driven economies.
Ready Player Me — The Ready Player Me platform leverages AI, ML , and a suite of developer-first tools to empower developers to integrate avatars into their games and apps to launch faster, improve user adoption, and grow revenue through asset monetization.
Souq G-Commerce — Souq is lowering the barriers to access and participate in GameFi. We're building the infrastructure powering community-owned financial markets where players can thoughtfully invest in the games they love.

Founded in 2015, Panda Capital is a new generation venture capital firm in China focused on early-stage businesses powered by innovative and disruptive technology.Panda Capital is a disciplined early-stage investor focused on companies from Angel to Series B stages and strive to become their first or the second institutional investor.We focus onfast-growing tech startups in areas including Data Driven AI Applications, Enterprise Services, Fintech, Logistics, Mobility & Transportation, and New Generation Consumer Trends.Our family of portfolio companies include: Mobike (Now as Meituan Bike), Atzuche, Mi-Me Financial, 1ziton, Intengine Technology, Xunyi (Antwork), Robot++, Aiwhale, Dr. White and Fulmz AI, etc. Panda Capital have received various awards including "2017 & 2018 China Venture Capital Firms Top 10" by Zero2IPO, “2017 China’s Best Venture Capital Firms Top 10” and “2017 China’s Best Return Venture Capital Firms Top 10” by China Venture, and “2017 China Venture Capital Firms in Sharing Economy Top 10” by 36Kr, etc.

Investment focus

Blockchain, Artificial Intelligence, Robotics
Seed, Series A, Angel
China, United States, Malta

Portfolio highlights

Blue Protein — Blue Protein is a biotechnology company that focuses on the research and development of animal feed or edible insects.
Theia Studios — Icons of Theia - a tactical turn based strategy game
Qiming Supply Chain — Qiming Supply Chain aims to empower brand owners and distributors, providing them with comprehensive services such as channel construction, system services, and logistics delivery. The main service categories are fast-moving consumer goods. The current coverage area includes East China, Northeast China, North China and other regions, and Continueto expand outwards and build itself into an omni-channel consumer goods distribution service provider in the whole country.

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

Investment focus

Blockchain, Cryptocurrency, Gaming
Seed, Funding Round, Pre-Seed
United States, Singapore, United Kingdom

Portfolio highlights

Stashh — Collect, create, trade, share, discover, and decrypt digital collectibles on Stashh - the omnichain NFT hub.
Ava Protocol — Ava Protocol is an event-driven EigenLayer AVS that seamlessly automates cross-chain transactions for DeFi, NFTs, games, and more.
Goldilocks DAO — Goldilocks is a Decentralized Autonomous Organization (DAO) dedicated to creating custom defi infrastructure for Berachain. The Goldilocks Protocol is comprised of three primary components: Goldiswap, Goldilend, Goldivaults.

FunFair Ventures is a venture capital business .Funfair Ventures funds early stage blockchain projects with a focus on both equity and tokens.

Investment focus

Cryptocurrency, Blockchain, FinTech
Seed, Pre-Seed, Series A
Switzerland, Peru, India

Portfolio highlights

Black Block — Independant video game studio creating a game changing MMO.
Coca Wallet — Coca Wallet operates as a non-custodial payments app.
SCRYPT Digital — Your trusted partner for crypto assets

We partner with sector-defining founders across Europe to create new technologies that disrupt the status quo and solve the problems that matter.

Investment focus

Financial Services, Software, E-Commerce
Seed, Series A, Series B
United Kingdom, United States, France

Portfolio highlights

Bipa — Bipa is a company that allows customers to buy and sell Bitcoin starting from R$1 using Pix and Lightning Network.
LN Markets — The first Lightning-native Bitcoin derivatives trading platform.
Anchor Watch — Insure your Bitcoin - Protect your bitcoin with regulated insurance and enterprise-grade multi-institutional custody.

Master Ventures is a blockchain focused venture studio. We combine visionary ideas, exceptional talent, and investment capital to invest and build the next generation of revolutionary blockchain businesses and products.

Investment focus

Blockchain, Gaming, Cryptocurrency
Seed, Funding Round, Initial Coin Offering
United States, Singapore, Hong Kong

Portfolio highlights

Nibiru Chain — Nibiru is a smart contract ecosystem with a high-performance, EVM-equivalent execution layer. Nibiru is engineered to meet the growing demand for versatile, scalable, and easy-to-use Web3 applications.
Gasp — Trade crypto without gas, front-running & MEV. L1 chain powered by Substrate. Start trading with Mangata X.
Silencio Network LLC — Silencio is a data-driven platform specializing in the collection, processing, and monetization of noise pollution data. Through innovative decentralized technologies, it offers comprehensive, real-time noise mapping solutions, catering to sectors such as real estate, hospitality, and urban planning, enabling better decision-making and fostering aharmonious living environment.

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

Investment focus

Apps, Mobile, E-Commerce
Seed, Series A, Pre-Seed
Estonia, Germany, United Kingdom

Portfolio highlights

Yaga — Yaga is designed for everyone who wants to sell items online in a convenient and secure manner.
Yaga SA — 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.
Peerby — Borrow and rent goods from others nearby - affordable, convenient and green. Tools, bikes, party equipment, electronics and more. Try it now.

Konvoy Ventures is a thesis driven venture capital firm. We invest in the platforms and technologies at the frontier of gaming.

Investment focus

Gaming, Video Games, Software
Seed, Series A, Series B
United States, Canada, Sweden

Portfolio highlights

Afference — Powering the sense of touch in the digital world. Feel digital objects in AR, VR, and XR with our groundbreaking haptic feedback device, the Phantom.
Proxima — At Proxima, we aim to push the boundaries of interactive entertainment by blending innovative technology with deep artistry. We believe in the magic of exploration, the power of creativity, and the strength of human connection that form the very foundation of our gaming experiences.
CANOPUS Networks — Understand exactly what is happening on your network at all times. CANOPUS indexes terabit-scale traffic in real-time to provide actionable insights and forensic analysis.

DEPO Ventures is an angel network and VC (Grouport and DEPO Angels Fund II), which connects world of startups and investors.

Investment focus

Software, Artificial Intelligence, Machine Learning
Pre-Seed, Seed, Series A
Czech Republic, United States, Estonia

Portfolio highlights

BlueQubit — BlueQubit is on a mission to democratize Quantum Computing and make it accessible to everyone. Through our BQ platform users can develop, test and run programs on Quantum Computers.
Finlay — Unmatched. | Finlay.ai
Protium Tech — Protium Tech provides smart solutions for a sustainable environment with a wide range of comprehensive products and customized services. It offers a package of technical support and advisory services in the hydrogen field, in addition to R&D in bio-hydrogen and wastewater treatment.

Anton Gaufﬁn is the Founder of Sumoing.

Investment focus

Gaming, Video Games, Mobile Apps
Seed, Pre-Seed, Series B
Finland, United States, Spain

Portfolio highlights

Gotiva — Explore a universe of creativity with Gotiva apps! Discover Jigsaw Puzzle Universe and more.
Odeeo — People play casual games to relax and have fun. So it’s no wonder the world’s 2.7bn free2play mobile gamers find aggressive full-screen ads annoying. Odeeo’s audio ad platform gets gamers. It’s built to amplify the in-game experience by overlaying contextual audio ads that players actually want to hear. For game developers, that meansmonetizing untapped in-game real estate and boosting incremental ad revenue—without hurting retention.For leading brands, it means cutting through the noise to target an attentive audience at ultra scale in an immersive brand-safe environment. And gamers? They can just play on!
Masters — Train mind and body on the Masters app with full workout programs designed and run by the world's best athletes. Join today and start training like a pro.

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