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

Portfolio highlights

• THINKMD — THINKMD develops next-generation clinical assessment and data analytics platforms that transform point-of-care medicine by putting medically validated clinical assessment capability into the hands of non-healthcare professionals. This technology allows for the decentralization of healthcare delivery into communities and homes by pairing clinicalknowledge and Bayesian/pattern recognition algorithms with simple to use mobile technology. Its goal is to reinvent the healthcare delivery paradigm, reduce costs, and improve outcomes by improving healthcare access and care-seeking behavior while building a public health knowledge database.
• Understanding Zoe — One calm home that remembers for you, for a whole life. Built in Australia for neurodivergent adults and families. Try free for 7 days.
• Neuraworx Medical Technology — Neuraworx Medical Technology is a neurotechnology company developing first-in-class bioelectronic solutions for brain health.

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.

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.

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 — Primio is an AI-powered platform that generates production-ready native mobile apps from natural language prompts. It outputs real Flutter/Dart code that compiles to native iOS and Android with pixel-perfect rendering and up to 120fps performance. The platform covers the full lifecycle from idea to app store submission, including cloud builds,live preview, and iterative editing. Built for app studios and serious builders who need to ship native apps fast.
• Principle — Test your strategic decisions before you commit. Principle simulates competitors, regulators, and market forces to stress-test your bets against adversarial reality.

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.

Portfolio highlights

• YuMuuv — Employee wellness app for organizing any type of workplace wellness challenge. Proven platform to increase happiness and engagement at work.

Portfolio highlights

• Bilt.me — Describe your app idea and Bilt builds it. Preview on your phone, publish to the App or Play Store when you're ready.
• Guideless — Guideless turns any browser workflow into a polished, AI-narrated video guide in minutes. No screen recording, no tedious editing. Just turn on our Chrome extension, click through your process as you normally would, and instantly get a share-ready guide.Use cases: Product walkthroughs, customer onboarding, employee training, and supportdocumentation.Key features: - AI-written narration and natural voiceover. - Smart zooms and highlights for clarity. - Built-in captions for accessibility. - Always consistent and on-brand. - Shareable URLs, embed codes, and export to MP4How it works: - Add the Chrome extension. - Capture your workflow. - Share your guide.Privacy built-in: Your guides and data are never used to train AI models and are securely encrypted.Check https://guideless.ai/gallery and get inspired with curated guides showcasing workflows, product demos, and tutorials across every use case.
• SeeTrue Technologies — Ultra-low-power eye tracking from SeeTrue delivers accurate gaze data for AR/VR, microscope & camera eyepieces and wearables, powered by custom sensors.

Portfolio highlights

• FaceUp — Anonymous reporting, investigations, case management, disclosures, and analytics in one platform. Launch in hours. No IT project or consultants required.
• 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.

Portfolio highlights

• Olio Labs — Olio Labs utilizes AI for combo therapeutics, optimizing and minimizing side effects through automated discovery of protein interactions.
• Creasallis — Simple. Innovative. Solutions
• Human Archive — Human Archive builds human data archiving platform with comprehensive dataset for training embodied AI and robotics systems.

Portfolio highlights

• Esgrid — Esgrid provides value-chain sustainability management solutions to medium-sized businesses and financial institutions.
• 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.
• Blackswan Space — for satellite integrators and operators to enable the next step in in-orbit capabilities

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

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
• Endra — Endra is a purpose-built platform for modern MEP engineering. Generate 3D models and drawings, sync with Revit and enjoy coordinated design workflows.
• Sava Technology — SAVA is reinventing health monitoring with a novel biosensing platform enabling real-time, affordable, and painless molecular monitoring.

Portfolio highlights

• 42matters — 42matters offers a full suite of mobile and connected TV app intelligence solutions, including APIs, file dumps, and visual, web-based platforms.
• Phase0 — Payment platform for construction projects
• Lightspring — Lightspring is a photonics technology company developing advanced 3D optical interconnection solutions for photonic systems,Its platform enables precise, adaptable connections between chips, fibers, and light sources beyond traditional packaging constraints.This company focuses on scalable photonic integration to accelerate the development of high-performance optical systems.

Portfolio highlights

• BlackWall — Protect your web site from hacking, content theft, crawling, and cloning!
• Cino — Cino automatically deducts everyone's share from their bank accounts. Create groups with whom you want to share bills, set your ratio split & stop fronting costs!
• 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.

Portfolio highlights

• YuMuuv — Employee wellness app for organizing any type of workplace wellness challenge. Proven platform to increase happiness and engagement at work.

Portfolio highlights

• Core One Labs — Explore customer favorites across injectable steroids, oral steroids, peptides, and weight-management products.
• Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.

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.

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.

Portfolio highlights

• Biographica — Biographica is a biotechnology company combining AI and rapid experimentation to design and develop better plant traits.
• 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.

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.

Portfolio highlights

• Tapaya — A modern, fast payment app that runs on any device you already own: phone, tablet or kiosk. Accept contactless payments in store with Tap to Pay, with nothing to buy and nothing to install on a counter.
• ArcSpace — ArcSpace is a SpaceTech company that develops proprietary high energy electron beam technology to cut, join, and weld materials under vacuum conditions. This compact system enables the maintenance, infrastructure assembly, and in-orbit repair of satellites that were not originally designed for servicing.
• 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.

Portfolio highlights

• Pstryk — Pstryk is a mobile app that tracks expenditures in real time to help you make budget-conscious decisions about energy consumption.
• ForActive — ForActive The Best App to Buy & Sell Memberships
• Kinderpedia — Free remote video teaching on Kinderpedia, Daily attendance, gradebook and reports and 20 more functionalities for connected education.

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 :)

Portfolio highlights

• RougeTx — RougeTx is a Netherlands-based biotech developing first-in-class small-molecule therapies for vascular diseases caused by pericyte dysfunction. Its lead candidate, RTX-001, targets hereditary haemorrhagic telangiectasia (HHT), an inherited disorder involving fragile blood vessels and recurrent bleeding.
• MedinCell — Join Medincell on a journey to transform global health with innovative therapies.
• Santander Brasil — Banco Santander in Brazil, its largest division in Latin America and one of the world's most important, accounting for 50%.

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.

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.

Portfolio highlights

• Better Medicine — Utilising AI to transform cancer diagnostics and radiology workflows for improved efficiency and patient outcomes.

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.

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.

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.

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.

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

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 — Neya puts you in small groups of people nearby who want to do the same thing, and makes the plans actually happen. A coffee morning, a Saturday run, a cinema night, a book club.

Portfolio highlights

• Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.

Portfolio highlights

• BirdyChat — One chat for your team, people outside your company, and your agents. Free, built, and hosted in the EU.
• Giraffe360 — Real estate camera and AI software that turns one property capture into HDR photos, floor plans, 360 virtual tours, videos and property websites.
• Saltz — Premium ingredients for your menu with no hidden delivery fees or markups.