# Top 50 Hardware VC (Venture Capital) Funds in Estonia in June 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Tera Ventures | 8 | Estonia, United States, United Kingdom | Seed, Series A, Pre-Seed | Software, E-Commerce, Artificial Intelligence |
| Specialist VC | 7 | Estonia, United Kingdom, Finland | Seed, Pre-Seed | Software, Information Technology, Artificial Intelligence |
| Superangel | 5 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, Information Technology |
| Ambient Sound Investments | 4 | Estonia, United States, United Kingdom | Seed, Series A | Internet, Software, E-Commerce |
| Thorgate Ventures | 4 | Estonia, United Kingdom, Norway | Seed, Pre-Seed, Series A | Software, SaaS, FinTech |
| Prototron | 4 | Estonia, Finland, Germany | Pre-Seed, Grant, Seed | Software, Manufacturing, Internet of Things |
| Decacorn Capital | 3 | United States, Israel, Singapore | Seed, Series B | Software, Information Technology, Artificial Intelligence |
| Contrarian Ventures | 3 | Lithuania, United Kingdom, France | Seed, Series A, Pre-Seed | Software, Renewable Energy, Energy |
| BADideas.fund | 3 | Estonia, Latvia, Lithuania | Pre-Seed, Seed, Grant | Software, Information Technology, Artificial Intelligence |
| Lemonade Stand | 3 | Estonia, Lithuania, India | Seed, Pre-Seed | Software, Artificial Intelligence, FinTech |
| ZAKA VC | 3 | United States, Germany, United Kingdom | Seed, Pre-Seed | Artificial Intelligence, Software, Information Technology |
| TechOne VC | 3 | Turkey, United States, Estonia | Seed, Pre-Seed | Software, SaaS, Information Technology |
| Expansion Capital | 3 | Latvia, United States, Norway | Seed, Debt Financing | Manufacturing, Logistics, Transportation |
| Spring Capital | 3 | Estonia, Finland, United States | Seed, Pre-Seed, Series A | Software, SaaS, E-Commerce |
| Amalfi Capital | 2 | Estonia, Finland, Ireland | Seed, Series A | Beauty, Battery, Medical |
| Tiny VC | 2 | United Kingdom, Germany, United States | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, Information Technology |
| Insta Ventures | 2 | United States, Estonia, France | Seed, Pre-Seed, Series A | Software, E-Commerce, Advertising |
| Butterfly Ventures | 2 | Finland, Sweden, Norway | Seed, Pre-Seed | Health Care, Software, Information Technology |
| TRANGELS | 2 | Turkey, United States, Estonia | Seed, Pre-Seed, Angel | Software, Information Technology, Biotechnology |
| Conor Venture Partners | 2 | Finland, United States, Sweden | Series A, Series B, Seed | Software, Analytics, Semiconductor |
| Curiosity VC | 2 | The Netherlands, Finland, Sweden | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, Information Technology |
| Entrepreneurs Fund | 2 | United Kingdom, United States, Germany | Series B, Series A | Biotechnology, Health Care, Software |
| Tiny Supercomputer Investment Company | 2 | United Kingdom, Germany, United States | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, Information Technology |
| EGIAD Angels | 2 | Turkey, Estonia | Seed, Angel | Software, E-Commerce, AgTech |
| Karista | 2 | France, United States, Finland | Seed, Series A, Series B | Software, Biotechnology, Health Care |
| SpeedUp Venture Capital Group | 2 | Poland, United States, Czech Republic | Seed, Pre-Seed, Series A | Software, SaaS, Artificial Intelligence |
| Caucasus Ventures | 2 | United States, Georgia, Azerbaijan | Seed, Pre-Seed, Series B | Artificial Intelligence, Software, Financial Services |
| StartersHub | 2 | United States, Turkey, Latvia | Seed, Pre-Seed, Convertible Note | Software, Artificial Intelligence, Information Technology |
| Enterprise Estonia | 2 | Estonia | Grant, Seed, Pre-Seed | Biotechnology, Software, Mobile Apps |
| Maxis | 2 | Turkey, United States, United Kingdom | Seed, Pre-Seed | Software, Artificial Intelligence, E-Commerce |
| Leap Investment | 2 | Turkey, United States, Estonia | Seed, Pre-Seed | E-Commerce, SaaS, Internet |
| Opus11 VC | 1 | Estonia | Seed, Pre-Seed | Battery, Electronics, Manufacturing |
| Metaplanet | 1 | United States, United Kingdom, Estonia | Seed, Series A, Series B | Artificial Intelligence, Software, Machine Learning |
| BSV Ventures | 1 | Lithuania, Estonia, Luxembourg | Pre-Seed, Convertible Note | Software, Drones, Infrastructure |
| Eleven Ventures | 1 | Bulgaria, United States, United Kingdom | Seed, Convertible Note, Pre-Seed | Software, SaaS, Information Technology |
| Lima Ventures | 1 | Turkey, United Kingdom, Estonia | Seed, Pre-Seed | Artificial Intelligence, Software, Digital Marketing |
| The Footprint Firm | 1 | Denmark | Seed, Pre-Seed | Software, Finance, Renewable Energy |
| Greycroft | 1 | United States, United Kingdom, Germany | Series A, Seed, Series B | Software, E-Commerce, Artificial Intelligence |
| EstBAN | 1 | Estonia, Latvia, Lithuania | Seed, Pre-Seed, Angel | Software, Information Technology, Manufacturing |
| TT Ventures | 1 | Turkey, United States, United Kingdom | Seed, Pre-Seed | Software, Information Technology, Artificial Intelligence |
| Freedom Fund VC | 1 | Estonia | Pre-Seed | Laser, Drones, Military |
| Hansa Group | 1 | Estonia | Seed | Hardware, Construction, Machine Learning |
| European regional development fund (ERDF) | 1 | United Kingdom, Germany, France | Grant, Pre-Seed | Software, Information Technology, Artificial Intelligence |
| Inventure | 1 | Finland, Sweden, Denmark | Seed, Series A, Series B | Software, Information Technology, Health Care |
| Contriber Ventures | 1 | Estonia, Finland, Germany | Seed, Angel, Series A | Software, Apps, 3D Technology |
| DOMiNO Ventures | 1 | United States, Turkey, Estonia | Seed, Pre-Seed | Artificial Intelligence, Information Technology, Software |
| F+ Ventures | 1 | Turkey, United States, Israel | Seed, Series A, Pre-Seed | Software, Automotive, Manufacturing |
| Passion Capital | 1 | United Kingdom, United States, Germany | Seed, Series A, Series B | Software, FinTech, Financial Services |
| Perot Jain | 1 | United States, India, Estonia | Seed, Series A, Series B | Software, Information Technology, Artificial Intelligence |
| Cambridge Angels group | 1 | United Kingdom, United States, Estonia | Seed, Series A | Software, Health Care, Biotechnology |