# Top 50 Health Care Startup Investors in Estonia in June 2026

## Verge HealthTech Fund
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 6
- Stages: Seed, Pre-Seed, Series A
- Focus: Health Care, Medical Device, Medical

We make early investments in global healthcare technology companies that address prevention, disease management and health system efficiency that are relevant to emerging Asia​We believe that innovation can happen anywhere, from the streets of Dhaka to the labs of Oxford, however without the right support network, these solutions might notscale, or find the best world-changing application. This is where we can help.

## Martin Tajur
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 4
- Stages: Pre-Seed, Seed, Angel
- Focus: Software, SaaS, Recruiting

Martin Tajur is the co-founder of Pipedrive.

## 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.

## Veljo Toodo
- Type: Angel
- Relevant deals: 3
- Stages: Angel, Pre-Seed
- Focus: Apps, Fitness, Software

Veljo Toodo

## Specialist VC
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 3
- 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: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, E-Commerce, Artificial Intelligence

Tera Ventures is an international investment firm based in Estonia.

## SMOK Ventures
- Type: VC Fund
- Location: Warsaw, Mazowieckie, Poland
- Relevant deals: 2
- Stages: Pre-Seed, Seed
- Focus: Software, Information Technology, SaaS

Bridging Silicon Valley to CEE

## 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.

## Triin Hertmann
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: FinTech, Software, E-Commerce

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.

## Dag Nurm
- Type: Angel
- Relevant deals: 2
- Stages: Pre-Seed
- Focus: Medical, Health Care

Dag Nurm

## Toomas Kont
- Type: Angel
- Relevant deals: 2
- Stages: Angel, Pre-Seed
- Focus: Apps, Fitness, Software

Toomas Kont

## Tilia Impact Ventures
- Type: VC Fund
- Location: Prague, Hlavni mesto Praha, Czech Republic
- Relevant deals: 2
- Stages: Pre-Seed, Seed
- Focus: Information Technology, Software, Health Care

Tilia Impact Ventures is a Czech impact fund that supports purpose-driven founders and companies with scalable business models and high environmental or social impact potential.

## Timo Rein
- Type: Angel
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Seed, Angel, Convertible Note
- Focus: Software, Recruiting, Human Resources

Timo Rein - Co-Founder @ Pipedrive

## Lemonade Stand
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- 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.

## Atlantic
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Health Care, Financial Services

Atlantic Labs supports and invests in mission-driven founders working on transformative technology ventures.&nbsp;<br><br>We partner with founders early, providing the capital, tools and network necessary to growing their companies and accompanying them on their entrepreneurial journey. We are currently active in areas including Digital Health, Future of Work, Machine Learning, Decentralized Networks, Mobility and Industrial Applications.

## Martin Villig
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, FinTech, Education

Martin is co-founder of Bolt.eu, Estonian Founders Society, Garage48.org, Good Deed Education Foundation and kood/Jõhvi coding school.
Read more from http://martinvillig.com

## Excellent Business Solutions
- Type: VC Fund
- Relevant deals: 2
- Stages: Angel
- Focus: Apps, Fitness, Software

Estonia

## Norrsken VC
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Health Care, Food and Beverage

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

## Superhero Capital
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Internet

Some call you founders. We call you Superheroes. Seed stage VC investing in insight-driven startups in Finland and the Baltics. Tickets 100 K€ - 1000 K€.

## Silberauto
- Type: VC Fund
- Relevant deals: 2
- Stages: Angel
- Focus: Apps, Fitness, Software

AS

## Janno Oja
- Type: Angel
- Relevant deals: 2
- Stages: Angel, Pre-Seed
- Focus: Apps, Fitness, Software

Janno Oja

## Greiner Innoventures
- Type: VC Fund
- Location: Vienna, Wien, Austria
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Medical, E-Commerce, Manufacturing

Als Corporate Business Angel der Greiner Group arbeitet Greiner Innoventures mit Start-ups zusammen, um deren Ideen weiterzuentwickeln.

## Crosslight Partners
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Biotechnology, B2B, Medical

Crosslight Partners is a growth equity firm. The firm invests in the environment, healthcare, impact, and technology sectors across Europe.

## Peep Vain
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Angel
- Focus: Software, Genetics, Recruiting

Peep Vain is the Private Investor at Vain and Partners. He attended Bentley University.

## Krokodilli Kapital
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Medical, Hospital, Health Care

Krokodilli Kapital provides invest in ventures that develop technologies and services.

## Alvar Lumberg
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, Information Technology, FinTech

Alvar Lumberg

## Beurer
- Type: VC Fund
- Location: Ulm, Baden-Wurttemberg, Germany
- Relevant deals: 1

We offer a range of more than 500 products, and ever since 1919 we have been delivering what our claim promises: health and wellness. Our product ranges will ensure you feel great all-round! From medical products specialized in prevention and diagnosis, to weight and diagnosis products, as well as therapy devices an

## PurposeTech
- Type: VC Fund
- Location: Prague, Hlavni mesto Praha, Czech Republic
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: Apps, SaaS, Fashion

We invest in purpose-driven founders. Super early. We are their very first investor and one of their most valued partners in their journey to change the world.

## Taavi Tänavsuu
- Type: Angel
- Relevant deals: 1
- Stages: Angel
- Focus: Apps, Fitness, Software

Taavi Tänavsuu

## Marti Soosaar
- Type: Angel
- Relevant deals: 1
- Stages: Angel
- Focus: Apps, Fitness, Software

Marti Soosaar

## Amalfi
- Type: VC Fund
- Relevant deals: 1
- Focus: Medical, Health Care

Amalfi is an investment firm

## Henry Joseph-Grant
- Type: Angel
- Location: Belfast, Belfast, United Kingdom
- Relevant deals: 1
- Stages: Seed, Angel, Equity Crowdfunding
- Focus: Information Technology, SaaS, FinTech

Henry is a globally recognised entrepreneur and operator. He is currently CEO and Co-Founder of Send-Off, a startup based in Belfast, Northern Ireland.Previously, Henry was a key part of the team that built JUST EAT from a startup in the UK to $2.44Bn IPO. He joined the company before any venture capital had been invested and helping thecompany to achieve performance that then attracted investment from top tier VC's Index Ventures, Redpoint Ventures, 83 North and Vitruvian Partners investing substantially at Series A, B and C. Henry worked directly with JUST EAT's founder Jesper Buch and former CEO David Buttress.
After JUST EAT, Henry went on to hold senior roles at Uber Rival Gett etc and founded the European arm of Abraaj Group's portfolio company The Entertainer. Over the past decade, Henry has worked with Startups, Venture Capital and PE fund across the world as an advisor and operator.Henry is an advisor to several startups and mentors CEO's for several accelerators, investment funds including the likes of Seedcamp, Pi Labs, ZincVC and Techstars and is a contributing writer at Irish Tech News, interviewing the likes of Twitter co-founder Biz Stone, Careem co-founder Mudassir Sheikha, Huawei founder Mr Ren Zhengfei and Gary Vaynerchuck.

## Teddi Rull
- Type: Angel
- Relevant deals: 1
- Stages: Angel
- Focus: Apps, Fitness, Software

Teddi Rull

## Think Bigger Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Pharmaceutical

Think Bigger Capital is a venture capital fund manager focused on Pre-Seed and Seed stages.

## Kadri Ugand
- Type: Angel
- Location: Tallin, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed
- Focus: mHealth, Health Care, Medical Device

Estonian entrepreneur Kadri Ugand is a Co-Founder of Tallinn-based game accelerator GameFounders. Kadri expands the mentor network, partnership deals and connects the startups to suitable mentors.

## Margus Niitsoo
- Type: Angel
- Relevant deals: 1
- Stages: Angel
- Focus: Apps, Fitness, Software

Margus Niitsoo

## UT Ventures
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Medical, Health Care, Medical Device

UT Ventures is an investment firm.

## Kristel Kruustük
- Type: Angel
- Relevant deals: 1
- Stages: Series A
- Focus: Education, Recruiting, Professional Services

Kristel is the Founder of Testlio, an expert community of verified mobile testers with a platform that seamlessly integrates into your team’s development process.Testlio believes in quality versus quantity when it comes to both testers and prioritizing issues, resulting in faster development cycles and improved apps.

## European Investment Bank
- Type: VC Fund
- Location: Luxembourg, Luxembourg, Luxembourg
- Relevant deals: 1
- Stages: Debt Financing, Post-IPO Debt
- Focus: Biotechnology, Health Care, Energy

The European Investment Bank (EIB) offers lending, borrowing, and treasury services primarily within the European Union. It provides project loans for public and private sectors, loans to banks and intermediaries, structured finance products, guarantees, and securitization instruments for debts. Additionally, EIB offers equity and fund investmentproducts, including infrastructure and environmental funds, as well as venture capital funds. EIB also supports microfinance and risk-sharing finance for research and innovation, and provides technical expertise for sustainable energy projects. Its services include infrastructure advisory, urban development support, guarantees for transport infrastructure, and funding for public-private partnerships and small- to medium-sized enterprises. The bank serves various sectors, including transportation, energy, health, education, and agriculture.

## Farmak
- Type: VC Fund
- Location: Kyiv, Kyyiv, Ukraine
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Health Care, Medical, Mobile

Farmak is a leader in the production of medicinal products in Ukraine and a leading exporter of national products to the markets of more than 50 countries. High quality and constant innovation have allowed us to maintain our leadership for more than 13 years

## Change Ventures
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, Apps

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

## Veedoo
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Events, Sports, Fitness

Develop high-end apps, software and websites that have a positive impact on society.


## Honey Badger Capital OÜ
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed
- Focus: FinTech, GreenTech, Health Care

We invest between 50k€ – 150k€ to start-ups along with access to our extensive network and know-how. We work together with an extended group of Pipedrive Angels who have the option to also join the investments we make which can bring the total amount invested up.

## Burak Buyukdemir
- Type: Angel
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: B2B, FinTech, Health Care

Burak Buyukdemir is the founder at Etohum.

## Superangel
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- 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

## Sie Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series B
- Focus: CRM, SaaS, Mobile

SIE

## Jevgeni Kabanov
- Type: Angel
- Location: Tartu, Tartumaa, Estonia
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Series A
- Focus: E-Commerce, Health Care, Apps

Jevgeni Kabanov is the President of Bolt. He previously worked at Sabbatical as a Wandering Musician. Jevgeni Kabanov attended the University of Tartu.

## Simpact Ventures
- Type: VC Fund
- Location: Warsaw, Mazowieckie, Poland
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Health Care, Software, SaaS

Simpact is the first impact investment venture capital fund in Poland. We are looking for tech-driven startups that incorporate high business potential and a positive social or environmental impact.
We empower founders to build tech companies which combine profit with purpose and have a potential to change the world for the better.

## Mansour Shafiei
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Fitness, Health Care

Mansour Shafiei

## Aaron Patzer
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Health Care, SaaS

In January, I started another company, Vital Software, with Dr. Justin Schrager of Emory University. Vital makes software for hospital emergency rooms. This includes a mobile patient check-in for patients, and the fastest, most usable electronic medical records you've seen for doctors and nurses. We use extensive machine learning and naturallanguage processing to determine patient severity and anticipated actions. Our longer term goal is to cut ER wait times in half, as they are often 4-5 hours long. You might not know it, but there are 140M ER visits in the US alone each year.Medical / sales are in the US, while development is all in Auckland New Zealand. My long-time partner Rebecca, an architect, is a Kiwi and I am now a resident of New Zealand as well.

# 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