# Top 50 Hardware Startup Investors in Estonia in June 2026 ## Specialist VC - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 8 - Stages: Seed, Pre-Seed - Focus: Software, Information Technology, Artificial Intelligence United Angels VC is an early stage venture capital fund based in Estonia. ## Tera Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 8 - Stages: Seed, Series A, Pre-Seed - Focus: Software, E-Commerce, Artificial Intelligence Tera Ventures is an international investment firm based in Estonia. ## Superangel - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 5 - Stages: Seed, Pre-Seed, Series A - Focus: Artificial Intelligence, Software, Information Technology Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io ## Jaan Tallinn - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 5 - Stages: Seed, Series A - Focus: Software, Artificial Intelligence, Internet Jaan Tallinn is the Co-Founder of the Centre for Study of Existential Risk and Future of Life Institute. ## Prototron - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 4 - Stages: Pre-Seed, Grant, Seed - Focus: Software, Manufacturing, Internet of Things Prototron is a start-up fund that gives money to teams for turning their great ideas into the first working prototype. Founded in 2012 by Swedbank, Tallinn Technical University and Tallinn Science Park Tehnopol. We finance teams with high growth potential in areas of Greentech, Electronics, Mechatronics and ICT. We run 3-4 rounds of financingevery year. During last 5 years we've funded 58 startups with over 470'000€ in cash + coaching/incubation services. Our protfolio has generated >4,5 M€ revenue and raised >17'000'000€ capital. These results make Prototron the most productive pre-seed fund in Estonia. Do you want to be part of the success? We seek for: *) New start-up teams who need money for building a prototype. Apply for funding: www.prototron.ee *) Additional partners who want to be part of Estonia's next success stories. ## TechOne VC - Type: VC Fund - Location: Istanbul, Istanbul, Turkey - Relevant deals: 4 - Stages: Seed, Series A - Focus: Software, SaaS, Information Technology TechOne VC is a venture capital firm. It invests in innovative tech startups founded by visionary entrepreneurs solving global problems, to deliver superior returns for our investors. ## Thorgate Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 4 - Stages: Seed, Pre-Seed, Series A - Focus: Software, SaaS, FinTech We invest both capital and our know-how into startups. Join us and let's change the world ## Ambient Sound Investments - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 4 - Stages: Seed, Series A - Focus: Internet, Software, E-Commerce Ambient Sound Investments (ASI) was established in 2003 as an equal partnership by four founding engineers at Skype to hold a minority stake in Skype. At the end of 2005 ASI sold its Skype shares to eBay and now operates as a private investment vehicle. ## BADideas.fund - Type: VC Fund - Relevant deals: 3 - Stages: Seed, Pre-Seed, Grant - Focus: Software, Information Technology, Artificial Intelligence BADideas.fund backs bold founders from the Baltics and CEE with fast, founder-friendly funding. Led by a community of unicorn builders, we support early-stage B2B and marketplace startups with global ambition. ## Decacorn Capital - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 3 - Stages: Seed, Series B - Focus: Software, Information Technology, Artificial Intelligence Decacorn Capital is a cross-border venture funding initiative, centred around game changing start-ups, enabled by innovative use of technology and led by high-caliber, resourceful founders who are out there with the mission to either create a true delight or solve a real problem. ## Mike Oliinyk - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 3 - Stages: Seed, Pre-Seed, Series A - Focus: Robotics, Navigation, 3D Technology Mike Oliinyk is a VP of Product at Montonio ## Expansion Capital - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 3 - Stages: Seed, Debt Financing - Focus: Manufacturing, Logistics, Transportation Expansion Capital AIFP plans to participate in Latvian state-owned development finance institution ALTUM organized next generation fund manager tender, in order to continue to invest and finance mainly perspective Latvian ideas, projects, and companies. ## Contrarian Ventures - Type: VC Fund - Location: Vilnius, Vilniaus Apskritis, Lithuania - Relevant deals: 3 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Renewable Energy, Energy We are a hands-on, community-focused and founders vetted early-stage sustainable energy transition focused VC in Europe & Israel ## ZAKA VC - Type: VC Fund - Location: Prague, Hlavni mesto Praha, Czech Republic - Relevant deals: 3 - Stages: Seed, Pre-Seed - Focus: Artificial Intelligence, Software, Information Technology ZAKA Startups is a private pre-seed and seed venture capital company. It is focused on early-stage software driven investments across the whole EU with primary focus on CEE, DACH and Baltics. ZAKA operates primarily from Prague and Bratislava with scouts in Berlin and Baltic region. ## Lemonade Stand - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 3 - Stages: Seed, Pre-Seed - Focus: Software, Artificial Intelligence, FinTech 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. ## Spring Capital - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 3 - Stages: Seed, Pre-Seed, Series A - Focus: Software, SaaS, E-Commerce 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. ## Enterprise Estonia - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Grant, Seed, Pre-Seed - Focus: Biotechnology, Software, Mobile Apps Enterprise Estonia (EAS), established in 2000, promotes business and regional development in Estonia. Enterprise Estonia is one of the largest institutions within the national support system for entrepreneurship, providing financial assistance, advisory, cooperation opportunities and training for entrepreneurs, research establishments, public andthird sector. ## Sebastien Borget - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Blockchain, Gaming, Cryptocurrency Sebastien Borget is based out of Paris, Île-de-France and serves as the Global Ambassador of The Sandbox. Sebastien attended The Chinese University of Hong Kong. ## Amalfi Capital - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 2 - Stages: Seed, Series A - Focus: Beauty, Battery, Medical International Technology Investment Fund ## Aydın Mizrahi - Type: Angel - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, InsurTech, Logistics Aydın Mizrahi ## Ragnar Sass - Type: Angel - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Information Technology, Software, SaaS Ragnar Sass is the Co-Founder of Darkstar Camp. He previously worked at LIFT99 as a Founder and CEO. Ragnar Sass attended Estonian Business School. ## Leap Investment - Type: VC Fund - Location: Ankara, Ankara, Turkey - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: E-Commerce, SaaS, Internet Leap Investment is a venture capital firm that provides smart money and development of entrepreneurs with consultancy and mentorships. ## Markku Jääskelainen - Type: Angel - Location: Miami, Florida, United States - Relevant deals: 2 - Stages: Seed, Series A - Focus: Drones, Big Data, Software Markku Jääskelainen. ## Emre Kozlu - Type: Angel - Location: Istanbul, Istanbul, Turkey - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, Artificial Intelligence, InsurTech Emre Kozlu is a Director Strategy & Program Delivery at Philip Morris International. ## Kaarel Kotkas - Type: Angel - Relevant deals: 2 - Stages: Seed, Series A, Angel - Focus: Software, Gaming, 3D Technology Kaarel Kotkas is a Co-Founder and CEO at Veriff. ## Priit Kasesalu - Type: Angel - Relevant deals: 2 - Stages: Seed - Focus: iOS, Apps, Email Priit is heavily involved in assessing all of ASI's new technology investments.Before ASI, Priit played an integral role in developing Kazaa and later Skype; indeed, he continues to work at Skype as a core library developer.While cryptography and data communication are his areas of expertise, his other passion is computer gamedevelopment. Together with Ahti and Jaan, he wrote the first Estonian commercial computer game, Kosmonaut.When he isn't using his innate ability to solve complex technical problems, Priit enjoys good company, gourmet restaurants and biking.He holds a degree in automation and system technology from Tallinn University of Technology. ## StartersHub - Type: VC Fund - Location: Istanbul, Istanbul, Turkey - Relevant deals: 2 - Stages: Seed, Pre-Seed, Convertible Note - Focus: Software, Artificial Intelligence, Information Technology An early-stage VC that backs, mainly but not limited to, Turkey & CEE's founders who work to disrupt the system for good. ## Insta Ventures - Type: VC Fund - Location: Limassol, Limassol, Cyprus - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Software, E-Commerce, Advertising Insta Ventures is a venture capital firm that has been investing in different IT technology sectors since 2019. Currently, we are looking for tech startups that are in the early stages of development of their products. Our investment team consists of experienced professionals with solid backgrounds in the IT sphere. Our goal is to help ambitiousteams create innovative products, spread them globally, and maintain fast-growing companies.Typically, we invest $100K-500K during a growing stage of a company's lifecycle (seed / late seed / pre-round A), and then help to develop its marketing and sales, as well as prepare the company for the next investment phase.We appreciate co-investments. Let's invest together! ## Butterfly Ventures - Type: VC Fund - Location: Oulu, Oulu, Finland - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Health Care, Software, Information Technology Butterfly Ventures is a seed-stage focused VC in the Nordics, investing in deep tech, hardware, and hardware interfacing software. The company prefers to get involved with companies early on; 80% of Butterfly Ventures portfolio companies don't have any revenue at the time of their entry. Butterfly Ventures was founded in 2012 and ever sincethen it has been one of the most active early stage VCs in the region. The company has offices in Oulu, Helsinki and Stockholm. ## Markus Villig - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Pre-Seed, Angel - Focus: Software, Information Technology, FinTech Markus Villig is founder and CEO of Taxify. He attended University of Tartu. ## TRANGELS - Type: VC Fund - Location: Istanbul, Istanbul, Turkey - Relevant deals: 2 - Stages: Seed, Pre-Seed, Angel - Focus: Software, Information Technology, Biotechnology Early Stage Investment Fund and Network ## Curiosity VC - Type: VC Fund - Location: Amsterdam, Noord-Holland, The Netherlands - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Artificial Intelligence, Information Technology Investing in the next generation B2B software companies in the Benelux, Nordics & Baltics ## Sten Tamkivi - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Artificial Intelligence, Manufacturing Sten Tamkivi is the Chief Product Officer at Topia (formerly MOVE Guides). He was previously co-founder and CEO of Teleport (acquired by Topia), the place to scout for startup people. He co-founded the company as an EIR at Andreessen Horowitz.Sten has been a tech entrepreneur since 1996. After founding a few companies in Estonia, he joined Skypeas an early executive, ran the original R&D office, and held several global product leadership roles for 8+ years.He has an MS in Management from Stanford GSB. ## Yiğit Barış Şemin - Type: Angel - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, Crowdsourcing, Computer Vision Yiğit Barış Şemin ## Taavi Kotka - Type: Angel - Relevant deals: 2 - Stages: Pre-Seed, Seed, Angel - Focus: Electronics, Battery, FinTech 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. ## DOMiNO Ventures - Type: VC Fund - Location: Amsterdam, Noord-Holland, The Netherlands - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Artificial Intelligence, Software, Information Technology DOMiNO Ventures is a venture capital fund focusing on high-tech, pure-digital and first-day global startups in Eastern Europe, Central Asia and the Caucasus. ## Tiny Supercomputer Investment Company - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Artificial Intelligence, Information Technology Backing great companies when they're tiny ## Kuido Lepik - Type: Angel - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Apps, GPS, Pet Kuido Lepik - Owner & CEO @ Signiti ## Conor Venture Partners - Type: VC Fund - Location: Espoo, Southern Finland, Finland - Relevant deals: 2 - Stages: Series A, Series B, Seed - Focus: Software, Analytics, Semiconductor Conor Venture Partners is a new breed technology venture capital fund and management company. Conor invests in early-stage companies originating from Nordic and Baltic countries. Investment areas include information and communications technology, embedded software, semiconductor technology, electronics, new materials and optics. ## Maxis - Type: VC Fund - Location: Besiktas, Istanbul, Turkey - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, Artificial Intelligence, E-Commerce Private Equity Investment arm of Isbank ## Entrepreneurs Fund - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 2 - Stages: Series B, Series A - Focus: Biotechnology, Health Care, Software Entrepreneurs Fund provides early stage and growth financing alongside active support to entrepreneurial teams. Their current areas of investment focus are Life-sciences, Water, Materials and Automotive Technology. ## Karista - Type: VC Fund - Location: Paris, Ile-de-France, France - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: Software, Biotechnology, Health Care Karista is an early-stage venture capital firm created in 2001 investing in Health, Digital, Tech, and NewSpace. ## Joachim Hedenius - Type: Angel - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Gaming, 3D Technology, Virtual Reality Joachim Hedenius is the VPE and Co-Founder of KRY. ## Caucasus Ventures - Type: VC Fund - Location: Baku, Baki, Azerbaijan - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series B - Focus: Artificial Intelligence, Software, Financial Services Caucasus Ventures is a venture capital firm. ## Tiny VC - Type: VC Fund - Location: Berlin, Berlin, Germany - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Artificial Intelligence, Information Technology Backing great companies when they're tiny ## BSV Ventures - Type: VC Fund - Location: Vilnius, Vilniaus Apskritis, Lithuania - Relevant deals: 2 - Stages: Pre-Seed, Seed - Focus: Software, Aerospace, Analytics Baltic Sandbox Ventures is an early-stage VC dedicated to developing the Deep Tech and Life Science ecosystem in the Baltic region. Our focus is on early-stage individuals and teams that are engaged in research and development and are seeking to address complex technical challenges with significant potential for commercial applications. ## SpeedUp Venture Capital Group - Type: VC Fund - Location: Poznan, Wielkopolskie, Poland - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Software, SaaS, Artificial Intelligence We are a group of venture capital funds, investing in enterprises in an early stage of development. Areas of our interest include enterprises and entrepreneurs in Central and Eastern Europe, who want to conquer the global market by utilizing their self-developed solutions. Our cooperation with companies is based on a 3-8 years investment horizon.We're looking for innovations from areas such as: consumer internet, electromobility, energy, fintech, martech, adtech, medtech, IoT and hardware. We're interested in technologies like Machine Learning, Picture Recognition and Artificial Intelligence. ## Taavet Hinrikus - Type: Angel - Location: London, England, United Kingdom - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: FinTech, Software, Financial Services Taavet Hinrikus is co-founder and CEO of TransferWise. Prior to starting TransferWise, Taavet was Skype’s director of strategy until 2008, starting as its first-ever employee. One of the World Economic Forum's Tech Pioneers, Taavet is an adviser to Prime Minister of Estonia on the digital agenda. He’s also a mentor and angel investor; hisinvestments include Tweetdeck, Mendeley, OMGPOP, Property Partner, Sunrise, Improbable and Mapillary. ## Engin Gürsöz - Type: Angel - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, Crowdsourcing, Computer Vision Engin Gürsöz ## Batuhan Gültakan - Type: Angel - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, Crowdsourcing, Computer Vision Batuhan Gültakan # About Shizune Shizune.co is an investor database. Core features: - 48,091 startup investors (angels, VCs, accelerators, and others) - Email, phone, LinkedIn (for intros), socials, and other contact data - Updated daily from public funding news - CSV and Excel export The User can access the full database FOR FREE after signing up: shizune.co