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Top 35 Health Care VC Funds & Investors in Estonia (August 2026)

The most active venture capital funds investing in Estonia Health Care startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Estonia Health Care startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Verge HealthTech Fund
VC Fund
6 Estonia, Singapore, United Kingdom Seed, Pre-Seed, Series A Health Care, Medical Device, Medical $500k–$4.7M
Specialist VC
VC Fund
5 Estonia, United Kingdom, Finland Seed, Pre-Seed Software, Information Technology, Artificial Intelligence $240k–$4.6M
Prototron
VC Fund
4 Estonia, Finland, Germany Pre-Seed, Grant, Seed Software, Manufacturing, Internet of Things $3k–$59k
SMOK Ventures
VC Fund
3 Poland, United States, Ukraine Seed, Pre-Seed Software, Information Technology, SaaS $54k–$3M
Excellent Business Solutions
VC Fund
3 Estonia Angel, Pre-Seed Apps, Fitness, Software $136k–$147k
Superangel
VC Fund
3 Estonia, United States, Finland Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $165k–$20M
Amalfi
VC Fund
2 Estonia Medical, Health Care
Tera Ventures
VC Fund
2 Estonia, United States, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, E-Commerce $120k–$13M
Silberauto
VC Fund
2 Estonia Angel Apps, Fitness, Software $136k–$147k
Tilia Impact Ventures
VC Fund
2 Czech Republic, Estonia, United States Seed, Pre-Seed Information Technology, Software, Health Care $132k–$6M
Norrsken VC
VC Fund
2 Sweden, United Kingdom, Germany Seed, Series A Software, Food and Beverage, Artificial Intelligence $700k–$56M
Atlantic
VC Fund
2 Germany, Switzerland, United States Seed, Pre-Seed, Series A Software, Health Care, Artificial Intelligence $850k–$30M
ZAKA VC
VC Fund
2 United States, Germany, United Kingdom Seed, Pre-Seed Artificial Intelligence, Software, Information Technology $250k–$7M
Superhero Capital
VC Fund
2 Finland, Lithuania, Estonia Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $212k–$7.3M
Lemonade Stand
VC Fund
2 Estonia, Lithuania, India Seed, Pre-Seed Software, Artificial Intelligence, FinTech $227k–$3M
EstBAN
VC Fund
2 Estonia, Lithuania, Latvia Seed, Pre-Seed, Angel Software, CleanTech, Manufacturing $200k–$2.2M
Beurer
VC Fund
1 France, Estonia, Germany Series A, Seed Health Care, Medical, Computer $6.8M–$10M
Sie Ventures
VC Fund
1 United Kingdom, Spain, France Seed, Pre-Seed, Venture - Series Unknown Biotechnology, E-Commerce, CRM $1.1M–$9.5M
Farmak
VC Fund
1 Ukraine, Estonia, United States Seed, Pre-Seed Health Care, Medical, Mobile $1M–$1.6M
Simpact Ventures
VC Fund
1 Poland, United States, Estonia Seed, Pre-Seed, Series A Artificial Intelligence, Health Care, Software $250k–$8M
Think Bigger Capital
VC Fund
1 Spain, Greece, Estonia Pre-Seed AgTech, Fashion, CleanTech $116k–$288k
Crosslight Partners
VC Fund
1 Sweden, Estonia Seed, Venture - Series Unknown Biotechnology, Medical, Life Science
Veedoo
VC Fund
1 Estonia Seed Events, Sports, Fitness
European Investment Bank
VC Fund
1 France, Germany, The Netherlands Debt Financing, Post-IPO Debt Biotechnology, Health Care, Energy $16M–$726M
Change Ventures
VC Fund
1 Estonia, Latvia, Lithuania Seed, Pre-Seed, Series A Software, Information Technology, Apps $273k–$39M
Health Founders
VC Fund
1 Estonia Medical, Health Care
PurposeTech
VC Fund
1 United Kingdom, France, Austria Seed, Pre-Seed Communities, Apps, SaaS $313k–$2M
DEPO Ventures
VC Fund
1 Czech Republic, United States, Estonia Seed, Pre-Seed, Convertible Note Software, Artificial Intelligence, Information Technology $300k–$4.3M
Bitspiration Booster
VC Fund
1 Poland, United States Seed, Pre-Seed Software, CleanTech, Health Care $240k–$8.6M
UT Ventures
VC Fund
1 Estonia Pre-Seed Medical, Health Care, Medical Device
Greiner Innoventures
VC Fund
1 Italy, Estonia Seed, Pre-Seed Medical, E-Commerce, Manufacturing
2C Ventures
VC Fund
1 Estonia, Finland, Italy Pre-Seed, Seed Software, Renewable Energy, SaaS $1M–$4.2M
Honey Badger Capital OÜ
VC Fund
1 Estonia, Germany, Ukraine Convertible Note, Seed, Angel EdTech, Software, CleanTech $1.5M–$4.1M
The Better Fund
VC Fund
1 Estonia Pre-Seed Medical
Krokodilli Kapital
VC Fund
1 Estonia Pre-Seed, Seed Web3, FinTech, Medical $395k–$740k
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Investor list

Verge HealthTech Fund
VC Fund · Singapore, Central Region, Singapore · 6 investments in Estonia Health Care startups

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

  • Industry: Health Care, Medical Device, Medical
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, Singapore, United Kingdom

Investor stats

  • Total investments: 28
  • Round size: Seed $500k–$4.7M; Pre-Seed $500k–$1M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — raised $17k in 2021

Portfolio highlights

  • Zoundream — The Future of Infant Care
  • Understanding Zoe — One calm home that remembers for you and grows with your family. Built in Australia for families raising neurodivergent children. Try free for 7 days.
  • Neuraworx Medical Technology — Neuraworx Medical Technology is a neurotechnology company developing first-in-class bioelectronic solutions for brain health.
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Specialist VC
VC Fund · Tallinn, Harjumaa, Estonia · 5 investments in Estonia Health Care startups, 8 in the past 12 months

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

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed
  • Geography: Estonia, United Kingdom, Finland

Investor stats

  • Total investments: 71
  • Round size: Seed $545k–$4.6M; Pre-Seed $240k–$2.2M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $55M in 2022

Portfolio highlights

  • Copla — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
  • CyberUpgrade — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
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Prototron
VC Fund · Tallinn, Harjumaa, Estonia · 4 investments in Estonia Health Care startups

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

  • Industry: Software, Manufacturing, Internet of Things
  • Stage:Pre-Seed, Grant, Seed
  • Geography: Estonia, Finland, Germany

Investor stats

  • Total investments: 55
  • Round size: Seed $4k–$13k; Grant $3k–$27k; Pre-Seed $6k–$59k
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Parcelsea — Parcelsea is a technology firm that provides e-commerce users and last-mile delivery service providers with an open network platform. The goal is to create a smart mailbox that is user-friendly and secure for everyone.
  • 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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SMOK Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 3 investments in Estonia Health Care startups

Bridging Silicon Valley to CEE

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Poland, United States, Ukraine

Investor stats

  • Total investments: 80
  • Round size: Seed $477k–$3M; Pre-Seed $54k–$1.4M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — raised $25M in 2024

Portfolio highlights

  • Paypercut — Paypercut is a fintech startup that allows small and mid-scaled merchants to offer Buy Now, Pay Later at checkout via a single integration.
  • Primio — The Fastest Way From Idea to App Store Native iOS and Android. Web included. Ready for app stores in minutes.
  • Principle — Test your strategic decisions before you commit. Principle simulates competitors, regulators, and market forces to stress-test your bets against adversarial reality.
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Excellent Business Solutions
VC Fund · 3 investments in Estonia Health Care startups

Estonia

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Investment focus

  • Industry: Apps, Fitness, Software
  • Stage:Angel, Pre-Seed
  • Geography: Estonia

Investor stats

  • Total investments: 3
  • Round size: Angel $136k–$147k
  • Lead/follow: 0% lead, 100% follow

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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Superangel
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Estonia Health Care startups

Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, United States, Finland

Investor stats

  • Total investments: 81
  • Round size: Seed $767k–$6.2M; Pre-Seed $165k–$1.6M; Series A $5.3M–$20M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $35M in 2022

Portfolio highlights

  • OTee — OTee's Industrial Automation platform makes it possible to create and manage industrial-grade virtual control systems, based on open standards and architecture!
  • Spiral Hydrogen — All-in-one, bubble-free centrifugal electrolyzer with an embedded axial flux generator that sets a new standard in efficiency and simplicity.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
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Amalfi
VC Fund · 2 investments in Estonia Health Care startups

Amalfi is an investment firm

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Investment focus

  • Industry: Medical, Health Care
  • Geography: Estonia

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Core One Labs — Core One Labs is a biotech company focused on bringing psychedelic medicine to market through novel delivery systems and psychedelic assisted psychotherapy.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
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Tera Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Health Care startups

Tera Ventures is an international investment firm based in Estonia.

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Investment focus

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

Investor stats

  • Total investments: 69
  • Round size: Seed $531k–$3.8M; Pre-Seed $120k–$2.2M; Series A $1.6M–$13M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • BlackWall — Protect your web site from hacking, content theft, crawling, and cloning!
  • Brainbase — Unified Licensing Management Software. Track and visualize brand performance, contracts, and royalties. Manage approvals, track deals, and spot contract violations.
  • Flowstep — Flowstep is a copilot that helps you create better designs, 10x faster. Just type and get user flows, high-fidelity UI, JTBD and more.
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Silberauto
VC Fund · 2 investments in Estonia Health Care startups

Investment focus

  • Industry: Apps, Fitness, Software
  • Stage:Angel
  • Geography: Estonia

Investor stats

  • Total investments: 2
  • Round size: Angel $136k–$147k
  • Lead/follow: 0% lead, 100% follow

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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Tilia Impact Ventures
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 2 investments in Estonia Health Care startups

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

  • Industry: Information Technology, Software, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Czech Republic, Estonia, United States

Investor stats

  • Total investments: 26
  • Round size: Seed $1.1M–$6M; Pre-Seed $132k–$1.6M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • FaceUp — Whistleblowing System for companies and schools. FaceUp is an anonymous reporting channel for those who care.
  • Shen.AI — Discover how Shen AI turns your smartphone into a health companion - no wearables, just powerful, camera-based health insights.
  • Delta Green — Aggregating household assets in large controllable block of flexibility.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Norrsken VC
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Estonia Health Care startups

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

  • Industry: Software, Food and Beverage, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Sweden, United Kingdom, Germany

Investor stats

  • Total investments: 108
  • Round size: Seed $700k–$14M; Series A $4.2M–$56M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $340M in 2024

Portfolio highlights

  • Biorce — Meet the world's first AI clinical trials assistant! We bring innovative technologies to revolutionize healthcare and drug development faster & more efficiently
  • Verse — Define & achieve your financial and emissions reduction goals with Aria, a software platform that helps companies buy and manage clean power.
  • Endra — Endra is a purpose-built platform for modern MEP engineering. Generate 3D models and drawings, sync with Revit and enjoy coordinated design workflows.
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Atlantic
VC Fund · Berlin, Berlin, Germany · 2 investments in Estonia Health Care startups

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

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany, Switzerland, United States

Investor stats

  • Total investments: 234
  • Round size: Seed $1.3M–$9.4M; Pre-Seed $850k–$3.5M; Series A $5.3M–$30M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • bonify — Bonify, a Berlin based FinTech-Start-up, enables customers to benefit from their credit scoring and financial data. The company gives customers free and easy access to their credit score and let them upload additional relevant data. Then, it offers tools and personalized recommendations to help optimize the customer’s financial situation.Foundedin 2015 by key executives of McKinsey and Zalando, bonify has received significant funding from internationally leading VCs and successful entrepreneurs.
  • Stenon — Stenon is a laboratory independent real-time soil analyst that offers solutions for agriculture.
  • 42matters — 42matters offers a full suite of mobile and connected TV app intelligence solutions, including APIs, file dumps, and visual, web-based platforms.
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ZAKA VC
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 2 investments in Estonia Health Care startups

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.

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 110
  • Round size: Seed $520k–$7M; Pre-Seed $250k–$1M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Yenmo — Unlock instant funds with India's best loan against mutual funds starting from 9.89% interest rate. Quick online approval, zero hidden charges, and no foreclosure fees.
  • Olio Labs — Olio Labs utilizes AI for combo therapeutics, optimizing and minimizing side effects through automated discovery of protein interactions.
  • Creasallis — The creative antibody solutions company
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Superhero Capital
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Estonia Health Care startups

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

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Finland, Lithuania, Estonia

Investor stats

  • Total investments: 97
  • Round size: Seed $212k–$2.6M; Pre-Seed $618k–$1.8M; Venture - Series Unknown $1.6M–$7.3M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2020

Portfolio highlights

  • Zadaa — For Zadaa users: continue secondhand shopping and selling on Bought, the new app from Helsinki that automates listings from your past purchases.
  • ADESANTE — SurgeryVision is a Virtual Reality solution for Surgeons. Product is intended to be used for planning surgical procedures.
  • Creagent — Find designers. Screened & shortlisted. Easy, fast and cost-effective - the smart way of sourcing with AI.
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Lemonade Stand
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Health Care startups

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

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: Estonia, Lithuania, India

Investor stats

  • Total investments: 43
  • Round size: Seed $1M–$3M; Pre-Seed $227k–$2.2M
  • Lead/follow: 9% lead, 91% follow

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 is unifying energy certificate registries. We give corporate energy buyers, sustainability teams, procurement teams, utilities, and traders one infrastructure layer across fragmented registries so they can procure, manage, and cancel renewable energy certificates with far less manual work.The platform combines aggregated procurement fromthousands of utilities with cleaner registry execution and audit-ready, government-backed cancellation statements traceable to the generating machine. That makes renewable energy certificate management easier to run, easier to evidence, and easier to scale across markets.
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EstBAN
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Health Care startups

More than just a business angel network Building synergy between startups and angel investors EstBAN is member led organisation committed to finding, funding and mentoring ambitious young companies from pitch through to a successful exit. About estban Latest news Created with Fabric.js 3.5.0 All news For investors Get access to quality pre-selected internationaldeal-flow, and be

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Investment focus

  • Industry: Software, CleanTech, Manufacturing
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Estonia, Lithuania, Latvia

Investor stats

  • Total investments: 22
  • Round size: Seed $215k–$2.2M; Angel $232k–$1M; Pre-Seed $200k–$1.2M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • BrachyDOSE — BrachyDOSE - is a med-tech startup dedicated to solve radiation injuries that occur during the brachytherapy procedure. Our team consists of engineers and physicists experience in scientific research.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
  • Granarium Technologies — Granarium - The worlds first 100% renewable power storage for grid stabilization
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Beurer
VC Fund · Ulm, Baden-Wurttemberg, Germany · 1 investments in Estonia Health Care startups

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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Investment focus

  • Industry: Health Care, Medical, Computer
  • Stage:Series A, Seed
  • Geography: France, Estonia, Germany

Investor stats

  • Total investments: 3
  • Round size: Series A $6.8M–$10M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • PKVitality — PKvitality is an advanced bio-wearable company. Fusing 20 years of expertise in consumer electronics with 20 years of biological research, PKvitality brings its patented SKinTaste technology to market. SKinTaste is a revolutionary biosensor array that uses micro-needles (<1mm long) to collect and analyze chemical compositions of the interstitialfluid found just below the surface of the skin. Using this technology, PKvitality is developing K'Watch, a continuous glucose monitor in the form of a smartwatch to change the lives of millions of diabetics.
  • 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.
  • microsynetics GmbH — Developing hardware and software to help elderly people gaining more freedom and quality of life. Our first product is an emergency wristband which works together with an app, also connecting relatives via smartphone and phone integrated in the emergency wristband. The automated AI-based fall detection guarantees help even when the user - afteraccident - isn't capable anymore of activating the emergency call via integrated button.
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Sie Ventures
VC Fund · 1 investments in Estonia Health Care startups

Investment focus

  • Industry: Biotechnology, E-Commerce, CRM
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: United Kingdom, Spain, France

Investor stats

  • Total investments: 13
  • Round size: Seed $1.1M–$9.5M; Pre-Seed $1.5M–$2.8M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • 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.
  • By Rotation — Rent over 25000+ designer fashion items online from our free app. Discover luxury designer dresses, clothing, bags and accessories from your trending favorite brands.
  • Zonova — Zonova embeds patented antimicrobial protection directly into medical devices - tackling hospital infections at the source.
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Farmak
VC Fund · Kyiv, Kyyiv, Ukraine · 1 investments in Estonia Health Care startups

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

  • Industry: Health Care, Medical, Mobile
  • Stage:Seed, Pre-Seed
  • Geography: Ukraine, Estonia, United States

Investor stats

  • Total investments: 5
  • Round size: Seed $1M–$1.6M
  • Lead/follow: 20% lead, 80% follow

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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Simpact Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 1 investments in Estonia Health Care startups

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

  • Industry: Artificial Intelligence, Health Care, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Poland, United States, Estonia

Investor stats

  • Total investments: 38
  • Round size: Seed $250k–$3.6M; Pre-Seed $250k–$653k; Series A $1.5M–$8M
  • Lead/follow: 74% lead, 26% follow

Portfolio highlights

  • Dekoeko — Dekoeko.com is a sales and community platform that connects designers working in upcycling, eco-design and slow fashion with people who value a unique and distinctive neutral design for the environment.
  • ThermoEye — Integrated early disease detection system for animal production.
  • Glaze Prosthetics — Premium 3D-printed upper limb prosthetics combining cutting-edge design, lightness, and uncompromising comfort.
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Think Bigger Capital
VC Fund · 1 investments in Estonia Health Care startups

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

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Investment focus

  • Industry: AgTech, Fashion, CleanTech
  • Stage:Pre-Seed
  • Geography: Spain, Greece, Estonia

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $116k–$288k
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • DrugCards — DrugCard - AI-powered pharmacovigilance tools & services for automated literature monitoring, regulatory intelligence and adverse events management.
  • Quota Rent — Quota Rent technological company which assists owners to manage and take rents by analyzing different parameters.
  • Azolla Projects — Azolla Projects is the NatureTech that finances and enables agriculture's transition towards a regenerative farming model. We pay farmers for their work in capturing CO2 and restoring ecosystem services, and offer businesses a way to become carbon negative and nature positive. We are here to restore the natural balance that feeds the world.Our mission is to make the regenerative agriculture model scalable and to catalyze its massive adoption. Farmers will need to finance the transition, as they will experience a temporary reduction in production. We want to help them to become the custodians of the world's agroecosystems once again. Regenerative agriculture can lead a cultural transformation, and there is much more to it than carbon sequestration. We are creating 'Regenerative Credits' to engage and demonstrate the many positive impacts of this amazing production model. We have a hardware to monitor carbon capture in agricultural soils. An MRV, that is going to be sacalable and accurate with no need to calibrate. We have a huge Ecosystem that supports us.
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Crosslight Partners
VC Fund · 1 investments in Estonia Health Care startups

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

  • Industry: Biotechnology, Medical, Life Science
  • Stage:Seed, Venture - Series Unknown
  • Geography: Sweden, Estonia

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

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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Veedoo
VC Fund · 1 investments in Estonia Health Care startups

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

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Investment focus

  • Industry: Events, Sports, Fitness
  • Stage:Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Everyrun — Everyone. Everywhere. Everyrun.We are on a mission to connect the world through running and make the world a healthier and happier place.By providing an easy way to organise recreational races and running events, we open the door to a world of new running experiences in unique locations anywhere in the world.From public parks to private land,we’re the most unique collection of running events and we make it super-simple to participate!Everyone togetherEveryrun is a growing community of good-natured people and the most comprehensive resource for recreational races, park runs and other unique running experiences. By connecting people and helping them run together, Everyrun works to support those who value their fitness and the company of other runners.We welcome experienced runners and professional athletes but, we are most proud of members who started running because of our events.Everywhere (and any time)Traditionally, running events have been about sport, competition and performance, however this excludes thousands of people who just want to run together and thousands of beautiful locations (parks, trails, farms etc) that are not optimised for competitive events.Everyrun is different. Of course we love competition, but we are all about locations and experiences. So, if you want to organise a run to your local beauty spot, or go jogging in a new city and make friends - Everyrun makes this possible.The Everyrun platformEveryrun gets the sharing economy moving. In the same way that AirBnB and Hipcamp have enabled a new world or hosting and accommodation, we are on a mission to help hosts create truly unique races and runs, and give runners thousands of new events to join.By empowering our hosts to create and monetise local events, we create a sustainable marketplace that connects runners and organisers, and our race management app takes the pain out of orgaising events.Whenever you attend an Everyrun event, you'll benefit from local knowledge, experience and creativity. You'll discover new places, make new friends and ultimately leave a little healthier and happier :)
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European Investment Bank
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Estonia Health Care startups

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

  • Industry: Biotechnology, Health Care, Energy
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: France, Germany, The Netherlands

Investor stats

  • Total investments: 520
  • Round size: Post-IPO Debt $18M–$726M; Debt Financing $16M–$352M
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • Ukrposhta — Ukrposhta sends and receives shipments from all over the world, as well as orders mail products sent to the most distant corners.
  • 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.
  • Santander Brasil — Banco Santander in Brazil, its largest division in Latin America and one of the world's most important, accounting for 50%.
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Health Care startups

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

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, Latvia, Lithuania

Investor stats

  • Total investments: 65
  • Round size: Seed $500k–$4.2M; Pre-Seed $273k–$2.2M; Series A $1M–$39M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • BirdyChat — A modern work chat app for professionals. Start conversations with anyone using their work email. Collaborate and grow your network.
  • Giraffe360 — Giraffe360 is game-changing subscription product for real estate companies to streamline professional quality photography and high accuracy floor plan creation.
  • Saltz — Premium ingredients for your menu with no hidden delivery fees or markups.
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Health Founders
VC Fund · Lasnamäe, Harjumaa, Estonia · 1 investments in Estonia Health Care startups

The AI-first health tech accelerator helping early-stage founders address unmet clinical needs. Applications close August 24, 2026.

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Investment focus

  • Industry: Medical, Health Care
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
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PurposeTech
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 1 investments in Estonia Health Care startups

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

  • Industry: Communities, Apps, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: United Kingdom, France, Austria

Investor stats

  • Total investments: 15
  • Round size: Seed $761k–$1.8M; Pre-Seed $313k–$2M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • auryx — Transform your earbuds into health sensors with Auryx. Advanced AI technology for seamless health monitoring during daily activities.
  • Tingit — Tiings is a zero-effort fashion repairs marketplace for busy people & brands.
  • Neya — The AI Super Neighbour for everyone, everywhere.
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DEPO Ventures
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 1 investments in Estonia Health Care startups

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

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Czech Republic, United States, Estonia

Investor stats

  • Total investments: 74
  • Round size: Seed $564k–$4.3M; Pre-Seed $300k–$1.3M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Tapaya — Software infrastructure that turns any device into a payment terminal. For developers who need to ship fast without becoming payments experts.
  • Readmio — You read aloud, we add sounds. Magical mobile app for Android and iOS.
  • WanderWallet — Pay with Pix in Brazil, Mercado Pago in Argentina, QR in Bolivia, without a local bank account. Fund with USD or EUR, scan QR codes, pay instantly. No ATM fees.
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Bitspiration Booster
VC Fund · Kraków, Malopolskie, Poland · 1 investments in Estonia Health Care startups

We second those who first show progress

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Investment focus

  • Industry: Software, CleanTech, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Poland, United States

Investor stats

  • Total investments: 20
  • Round size: Seed $251k–$8.6M; Pre-Seed $240k–$1M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Elicab — Elicab a company specializing in providing safe and comfortable transportation services for children and youth.
  • FibriTech — FibriTech develops a technology for the production of 3D fibre network materials. They offer services that include agritech, packaging, filters, insulators, ecomaterials, fibritech, hydroponics, fibres, and biocomposites.
  • 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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UT Ventures
VC Fund · London, England, United Kingdom · 1 investments in Estonia Health Care startups

UT Ventures is an investment firm.

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Investment focus

  • Industry: Medical, Health Care, Medical Device
  • Stage:Pre-Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Better Medicine — Utilising AI to transform cancer diagnostics and radiology workflows for improved efficiency and patient outcomes.
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Greiner Innoventures
VC Fund · Vienna, Wien, Austria · 1 investments in Estonia Health Care startups

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

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Investment focus

  • Industry: Medical, E-Commerce, Manufacturing
  • Stage:Seed, Pre-Seed
  • Geography: Italy, Estonia

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Movo — Movo is a circular packaging solution made for e-commerce folks. They offer reusable packaging solutions and circular economy systems to eliminate single-use packaging.
  • Muun Health — Muun Health's mission is filling the gap in women’s hormonal well-being by developing the first microneedle-based wearable device for real-time hormone monitoring.
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2C Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Health Care startups

2C Ventures is an early-stage venture capital firm investing in European cleantech startups driving the energy transition and circular economy. Backing visionary founders tackling climate challenges.

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Investment focus

  • Industry: Software, Renewable Energy, SaaS
  • Stage:Pre-Seed, Seed
  • Geography: Estonia, Finland, Italy

Investor stats

  • Total investments: 11
  • Round size: Seed $1.2M–$4.2M; Pre-Seed $1M–$2.3M
  • Lead/follow: 73% lead, 27% follow

Portfolio highlights

  • GaltTec — GaltTec focuses on developing and marketing microtubular solid oxide fuel cells. GaltTec specializes in drones, off-grid equipment, IoT, portable devices, and space equipment. GaltTec was founded in 2022 and was headquartered in Tartu, Estonia.
  • Bisly — Bisly is an Estonian startup developing intelligent building solutions.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
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Honey Badger Capital OÜ
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Health Care startups

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

  • Industry: EdTech, Software, CleanTech
  • Stage:Convertible Note, Seed, Angel
  • Geography: Estonia, Germany, Ukraine

Investor stats

  • Total investments: 12
  • Round size: Seed $1.5M–$4.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Grünfin — Grünfin is a sustainable investing platform for people who care about their impact.
  • Paul-Tech — Soil, weather and satellite data translated into actionable insights. Know precisely when to sow, water or spray with Paul-Tech's soil stations.
  • Vok Bikes — We build heavy-duty cargo bikes and rent them out to on-demand delivery companies and their couriers — no surprises, no extra fees. Currently active in Tallinn and Vilnius and expanding to London and Berlin Q4 2021.
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The Better Fund
VC Fund · 1 investments in Estonia Health Care startups

The Better Fund investing in the startups

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Investment focus

  • Industry: Medical
  • Stage:Pre-Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Muun Health — Muun Health's mission is filling the gap in women’s hormonal well-being by developing the first microneedle-based wearable device for real-time hormone monitoring.
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Krokodilli Kapital
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Health Care startups

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

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Investment focus

  • Industry: Web3, FinTech, Medical
  • Stage:Pre-Seed, Seed
  • Geography: Estonia

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $395k–$740k
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Gridio — The #1 OFFICIAL smart charging app for your EV!
  • Salu Health — Salu is the best alternative to a family doctor.
  • Run Property — All the agent's tasks from client relations to contracts, listings to transactions in one tool.
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Health Care VC funding in Estonia at a glance

Stats across 66 deals from 65 investors.

65
investors
in Estonia Health Care startups
66
deals
in Estonia Health Care startups
$693k
median round
in Estonia Health Care startups
54%
lead investors
lead at least one round
32%
Grant
most common funding stage

Access all 65 VC funds in Estonia Health Care startups.

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