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Top 25 Health Care VC (Venture Capital) Funds in Estonia in May 2026

A list of 25 VC (Venture Capital) funds that invest in Health care startups based in Estonia. We rank investors based on the number of investments they made in Health care companies from Estonia. We update this investor list every month.

Top 25 Health Care VC (Venture Capital) Funds in Estonia in May 2026

Investor Health Care Estonia investments
Verge HealthTech Fund 6
Prototron 4
Specialist VC 3
Norrsken VC 2
Atlantic 2
Tilia Impact Ventures 2
Silberauto 2
Tera Ventures 2
Excellent Business Solutions 2
SMOK Ventures 2
Lemonade Stand 2
Superhero Capital 2
Veedoo 1
Simpact Ventures 1
UT Ventures 1
Krokodilli Kapital 1
PurposeTech 1
European Investment Bank 1
Honey Badger Capital OÜ 1
Change Ventures 1
Crosslight Partners 1
Sie Ventures 1
Beurer 1
Think Bigger Capital 1
Farmak 1

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Verge HealthTech Fund
VC Fund · Singapore, Central Region, Singapore · 2 investments in the past 12 months

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.

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Investment focus

  • Health Care, Medical Device, Medical
  • Seed, Pre-Seed, Series A
  • Estonia, Singapore, United Kingdom

Portfolio highlights

  • Prosoma — Prosoma was born out a need to provide more comprehensive care for cancer patients. We have found a fundamental lack of access to psychological care for patients who not only have to face a life-altering disease and treatment, but also crucially have a different set of needs than other psychological patients. Barriers to accessing psychologicalcare often include low numbers of therapists and clinicians in the area, financial or geographical limitations, and the general wellbeing of patients preventing them from attending meetings. All of these issues can be solved by modern technology.By using VR as part of, or when necessary, an alternative to traditional psychological treatment, we can reach patients that would otherwise be left without any support. They can use our tool at home or in the clinics whilst undergoing pharmacological treatment and chemotherapy.We hope to provide patients with a tool that will help them manage stress, cope with the burden of cancer, and eventually improve their quality of life.
  • Lifeyear — Digital-first heart care. At scale.
  • CareLoop Health — CareLoop, an innovation emerging from the University of Manchester, furnishes patients with digital support resources while simultaneously providing healthcare professionals with the means to monitor and track patient symptoms.
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Prototron
VC Fund · Tallinn, Harjumaa, Estonia

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.

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Investment focus

  • Software, Manufacturing, Internet of Things
  • Pre-Seed, Grant, Seed
  • Estonia, Finland, Germany

Portfolio highlights

  • Neurosalience — Neurosalience develops a tool for the early detection of dementia from structural MRI scans.
  • RAIKU — RAIKU is a cleantech startup that produces 100% natural packaging material that has also great looks and shock absorption - most importantly, it gives 15-20 times more volume to its raw material making it one of the most resource efficient material uses in the world with high margins. Both the production is and products are clean making no harm tonature. RAIKU has raised over 1.2mln€ in the pre-seed stage, built a team of over 10 people, its own IP and clients are already using its packaging material. This material will up-end the 1 trillion € packaging sector.
  • Jälle Technologies — Jälle Technologies create advanced recycling technologies that transform battery waste into high-value resources.
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Specialist VC
VC Fund · Tallinn, Harjumaa, Estonia

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

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Investment focus

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

Portfolio highlights

  • Sera — Sera's AI streamlines prospecting with tailored lists and enriched profiles, including accurate emails and metrics.
  • Copla — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
  • Vocal Image — Discover your accent & voice type. Free 30-second test. Join 4M+ users building clear, confident communication with daily AI coaching.
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Norrsken VC
VC Fund · Stockholm, Stockholms Lan, Sweden

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

  • Software, Food and Beverage, Health Care
  • Seed, Series A, Funding Round
  • Sweden, Germany, United Kingdom

Portfolio highlights

  • Sunsave — Save money on your bills and gain energy independence with Sunsave solar panel and battery solutions. Get a free quote today.
  • Ankar AI — Your AI Operating System for Patents
  • Sava Technology — SAVA is reinventing health monitoring with a novel biosensing platform enabling real-time, affordable, and painless molecular monitoring.
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Atlantic
VC Fund · Berlin, Berlin, Germany

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.

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Investment focus

  • Software, Health Care, Financial Services
  • Seed, Pre-Seed, Series A
  • Germany, Switzerland, France

Portfolio highlights

  • tozero — Truly bringing lithium-ion battery waste tozero by recovering all critical matierlas, like lithium, nickel, cobalt, manganese, and graphite.
  • Again — SecondCircle makes carbon negative chemicals for a cleaner future. We are the first carbon negative chemical manufacturer that can scale to meet global demand. The best thing about it: we use carbon dioxide as a feedstock.
  • 150 Minuten — Das Startup 150Minuten aus Berlin möchte Menschen aller Alters- und Fitnessklassen für mehr Sport und Bewegung begeistern. Wir bieten ein modernes, interaktives Online-Kursangebot, an dem jede*r (direkt und live) von Zuhause aus teilnehmen kann.
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Tilia Impact Ventures
VC Fund · Prague, Hlavni mesto Praha, Czech Republic

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.

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Investment focus

  • Information Technology, Software, Health Care
  • Seed, Pre-Seed, Funding Round
  • Czech Republic, Estonia, Italy

Portfolio highlights

  • LetsData — LetsData is an AI-power radar against disinformation. LetsData provides real-time media and social media monitoring in over 50 countries, empowering state agencies, businesses, and civil societies to proactively navigate risks and seize opportunities in the face of disinformation.
  • Lifeyear — Digital-first heart care. At scale.
  • Theorema — Autonomous R&D agents for biotech, pharma, chemicals, and materials. Theorema analyzes data, recovers R&D costs, and accelerates discovery. #1 on BixBench.
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Silberauto
VC Fund

Investment focus

  • Apps, Fitness, Software
  • Angel
  • Estonia

Portfolio highlights

  • YuMuuv — YuMuuv is an employee wellness platform that uses science-based formulas to capture data and keeps track of physical activity & leaderboard.
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Tera Ventures
VC Fund · Tallinn, Harjumaa, Estonia

Tera Ventures is an international investment firm based in Estonia.

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Investment focus

  • Software, E-Commerce, Artificial Intelligence
  • Seed, Series A, Pre-Seed
  • Estonia, United States, United Kingdom

Portfolio highlights

  • Supersimple — Supersimple helps SaaS companies use customer behavior data to drive decisions in product & sales.
  • TWICE COMMERCE ® — Turn sustainability into revenue with Twice Commerce, the all-in-one resale and rental platform. Create your store for free!
  • 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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Excellent Business Solutions
VC Fund

Estonia

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Investment focus

  • Apps, Fitness, Software
  • Angel
  • Estonia

Portfolio highlights

  • YuMuuv — YuMuuv is an employee wellness platform that uses science-based formulas to capture data and keeps track of physical activity & leaderboard.
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SMOK Ventures
VC Fund · Warsaw, Mazowieckie, Poland

Bridging Silicon Valley to CEE

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Investment focus

  • Software, Information Technology, SaaS
  • Seed, Pre-Seed, Funding Round
  • Poland, United States, Ukraine

Portfolio highlights

  • Defguard — Self-hosted WireGuard VPN that replaces your legacy stack. Connection-level MFA, built-in identity, no cloud dependency. One platform, full control.
  • Principle — Test your strategic decisions before you commit. Principle simulates competitors, regulators, and market forces to stress-test your bets against adversarial reality.
  • Proteine Resources — We want to revolutionize the feed and food market, build robotic factories, process bio-waste in high-quality protein, fat and fertilizer insects.
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Lemonade Stand
VC Fund · Tallinn, Harjumaa, Estonia

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

  • Software, Artificial Intelligence, FinTech
  • Seed, Pre-Seed, Funding Round
  • Estonia, Lithuania, India

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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Superhero Capital
VC Fund · Helsinki, Southern Finland, Finland

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€.

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Investment focus

  • Software, Information Technology, Internet
  • Seed, Pre-Seed, Funding Round
  • Finland, Lithuania, Estonia

Portfolio highlights

  • Zadaa — We are the world’s first marketplace to make selling and buying secondhand as simple as in an online store. We have revolutionised C2C logistics regarding pricing and marketplace integration between multiple logistic companies operating on different markets. Zadaa is live on German, Danish and Finnish markets.
  • ADESANTE — SurgeryVision is a Virtual Reality solution for Surgeons. Product is intended to be used for planning surgical procedures.
  • Copla — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
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Veedoo
VC Fund

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

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Investment focus

  • Events, Sports, Fitness
  • Seed
  • Estonia

Portfolio highlights

  • Everyrun — Everyrun - a modern, flexible alternative to parkrun. Join races, runs, and running events or earn money by organizing your own whenever it suits you.
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Simpact Ventures
VC Fund · Warsaw, Mazowieckie, Poland

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.

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Investment focus

  • SaaS, Software, Biotechnology
  • Seed, Pre-Seed, Funding Round
  • Poland, United States

Portfolio highlights

  • Ligence — AI Automated Echocardiography - Artificial intelligence-powered automated heart ultrasound echo lab system.
  • Shen.AI — Discover how Shen AI turns your smartphone into a health companion - no wearables, just powerful, camera-based health insights.
  • Stimy AI — Solve algebra instantly, get feedback on math work, and practice math topics
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UT Ventures
VC Fund · London, England, United Kingdom · 1 investment in the past 12 months

UT Ventures is an investment firm.

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Investment focus

  • Medical, Health Care, Medical Device
  • Pre-Seed
  • Estonia

Portfolio highlights

  • Better Medicine — Utilising AI to transform cancer diagnostics and radiology workflows for improved efficiency and patient outcomes.
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Krokodilli Kapital
VC Fund · Tallinn, Harjumaa, Estonia

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

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Investment focus

  • Medical, Hospital, Health Care
  • Pre-Seed
  • Estonia

Portfolio highlights

  • Salu Health — Salu is the best alternative to a family doctor.
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PurposeTech
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 1 investment in the past 12 months

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.

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Investment focus

  • Apps, Fashion, Internet
  • Pre-Seed, Seed
  • France, Estonia, Lithuania

Portfolio highlights

  • Lifeyear — Digital-first heart care. At scale.
  • eNOugh — eNOugh combines superior hardware, personalized features, and AI technology to provide a powerful and dependable personal safety solution for everyone.
  • Willow Stories — Preserve your legacy and honor loved ones by creating lasting memorials.
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European Investment Bank
VC Fund · Luxembourg, Luxembourg, Luxembourg

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.

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Investment focus

  • Biotechnology, Health Care, Energy
  • Debt Financing, Post-IPO Debt, Funding Round
  • France, Germany, The Netherlands

Portfolio highlights

  • Hummink — Dream Smaller Now : Experience a revolution with Hummink's world's smallest fountain pen. Redefine micro-scale writing with our innovative technology.
  • Solynta — Welcome to the homepage of Solynta, leader in hybrid potato breeding and development of hybrid true potato seeds with attractive traits.
  • IPT PowerTech — IPT PowerTech coverage, coupled with our extensive expertise in supply chain management, field implementation, and power systems, has made us one of the most capable companies in handling the most complicated and versatile projects in the MEA region and its neighboring countries.
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Honey Badger Capital OÜ
VC Fund · Tallinn, Harjumaa, Estonia

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.

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Investment focus

  • FinTech, GreenTech, Health Care
  • Seed
  • Estonia

Portfolio highlights

  • sykell — sykell developing scalable and sustainable packaging and pooling solutions for retail, gastronomy and catering industry.
  • Grünfin — Grünfin is a sustainable investing platform for people who care about their impact.
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia

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

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

Portfolio highlights

  • 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.
  • Giraffe360 — Giraffe360 is game-changing subscription product for real estate companies to streamline professional quality photography and high accuracy floor plan creation.
  • 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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Crosslight Partners
VC Fund

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

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Investment focus

  • Biotechnology, B2B, Medical
  • Seed, Funding Round
  • Sweden, Estonia

Portfolio highlights

  • Gelatex Technologies — Gelatex is a Techstars-backed materials technology company that invented the fastest technology for producing bio-based nanofibers on a large scale. It is a platform technology that enables faster and up to 100 cheaper nanofiber production for applications like 3D scaffolds for tissue engineering, cultured meat, bio-based filters, eco-friendlyleather-like textile, energy storage, wound care, and many more. The technology is patent-pending and the machinery fully functional. The company was founded in 2016 and until COVID-19 pandemic developed eco-friendly leather-like textile from gelatin nanofibers, using this nanofiber production technology as part of the process. COVID-19 was a trigger to understand the wider potential of the technology which then led to pivot.The company is based in Estonia and holding incorporated in UK (2019).
  • Sigrid Therapeutics — Sigrid Therapeutics is developing an ingested medical device for lowering blood sugar in prediabetics.
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Sie Ventures
VC Fund

Investment focus

  • CRM, SaaS, Mobile
  • Seed, Pre-Seed, Series B
  • United Kingdom, Spain, Estonia

Portfolio highlights

  • Your Juno — Join the Your Juno community and take control of your financial wellness. Download our free app and start planning for financial success today.
  • Biographica — Biographica is a computational biology company that develops software tools and platforms to support genomic data analysis, interpretation, and visualization for research and clinical applications. Its solutions are designed to help scientists, clinicians, and bioinformaticians process complex genomic datasets, annotate genetic variants, andexplore biological insights through integrated workflows and interactive visualizations. The company’s platform combines data management, algorithmic analysis, and graphical interfaces to streamline tasks such as sequence alignment, variant calling, functional interpretation, and cohort comparison. Biographica’s tools support interoperability with common bioinformatics formats and pipelines, enabling users to integrate genomic workflows with existing research infrastructure. The company also provides APIs and developer tools to allow custom integration, automation, and extension of analytic capabilities within broader computational environments. Its offerings are used across life sciences research, translational projects, and precision medicine initiatives that require scalable, interpretable genomic data analysis.
  • Fifth Dimension AI — Boost your productivity with our AI Assistant for property professionals. Supercharge your real estate teams across investment, asset management, research, and marketing.
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Beurer
VC Fund · Ulm, Baden-Wurttemberg, Germany

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

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Portfolio highlights

  • Healthy Networks — Healthy Networks flagship product, LungPass, is a smart stethoscope for lungs. It distinguishes serious and mild respiratory conditions by analysing lung sounds & symptoms. Easy to use, precise and affordable, LungPass is poised to become a go-to solution for people to own their respiratory health and for healthcare providers to expand theirservice coverage.
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Think Bigger Capital
VC Fund

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

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Investment focus

  • Pharmaceutical
  • Pre-Seed
  • Estonia

Portfolio highlights

  • DrugCards — DrugCard - AI-powered pharmacovigilance tools & services for automated literature monitoring, regulatory intelligence and adverse events management.
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Farmak
VC Fund · Kyiv, Kyyiv, Ukraine

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

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Investment focus

  • Health Care, Medical, Mobile
  • Funding Round, Seed, Pre-Seed
  • Ukraine, Estonia, United States

Portfolio highlights

  • Altris.AI — AI for Ophthalmology & Optometry is the future of eye care. It will set high diagnostic standards for the industry and bring better patient outcome as a result. Together we will solve the preventable blindness problem.
  • DrugCards — DrugCard - AI-powered pharmacovigilance tools & services for automated literature monitoring, regulatory intelligence and adverse events management.
  • ComeBack Mobility — Smart Crutch Tips & Mobile apps is a dynamic tool to instruct correct weight-bearing and monitor patient compliance throughout the entire rehabilitation period
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