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

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Verge HealthTech Fund | 6 | Estonia, Singapore, United Kingdom | Seed, Pre-Seed, Series A | Health Care, Medical Device, Medical |
| Prototron | 4 | Estonia, Finland, Germany | Pre-Seed, Grant, Seed | Software, Manufacturing, Internet of Things |
| Specialist VC | 3 | Estonia, United Kingdom, Finland | Seed, Pre-Seed | Software, Information Technology, Artificial Intelligence |
| Tilia Impact Ventures | 2 | Czech Republic, Estonia, Italy | Pre-Seed, Seed | Information Technology, Software, Health Care |
| Silberauto | 2 | Estonia | Angel | Apps, Fitness, Software |
| Tera Ventures | 2 | Estonia, United States, United Kingdom | Seed, Series A, Pre-Seed | Software, E-Commerce, Artificial Intelligence |
| SMOK Ventures | 2 | Poland, United States, Ukraine | Pre-Seed, Seed | Software, Information Technology, SaaS |
| Superhero Capital | 2 | Finland, Lithuania, Estonia | Seed, Pre-Seed | Software, Information Technology, Internet |
| Excellent Business Solutions | 2 | Estonia | Angel | Apps, Fitness, Software |
| Norrsken VC | 2 | Sweden, United Kingdom, Germany | Seed, Series A | Software, Health Care, Food and Beverage |
| Lemonade Stand | 2 | Estonia, Lithuania, India | Seed, Pre-Seed | Software, Artificial Intelligence, FinTech |
| Atlantic | 2 | Germany, Switzerland, United States | Seed, Series A, Pre-Seed | Software, Health Care, Financial Services |
| Honey Badger Capital OÜ | 1 | Estonia | Seed | FinTech, GreenTech, Health Care |
| European Investment Bank | 1 | France, Germany, The Netherlands | Debt Financing, Post-IPO Debt | Biotechnology, Health Care, Energy |
| Krokodilli Kapital | 1 | Estonia | Pre-Seed | Medical, Hospital, Health Care |
| Think Bigger Capital | 1 | Estonia | Pre-Seed | Pharmaceutical |
| UT Ventures | 1 | Estonia | Pre-Seed | Medical, Health Care, Medical Device |
| Change Ventures | 1 | Estonia, Latvia, Lithuania | Seed, Pre-Seed, Series A | Software, Information Technology, Apps |
| PurposeTech | 1 | United Kingdom, France, Estonia | Pre-Seed, Seed | Apps, SaaS, Fashion |
| Crosslight Partners | 1 | Sweden, Estonia | Seed | Biotechnology, B2B, Medical |
| Sie Ventures | 1 | United Kingdom, Spain, Estonia | Seed, Pre-Seed, Series B | CRM, SaaS, Mobile |
| Superangel | 1 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, Information Technology |
| Farmak | 1 | Ukraine, Estonia, United States | Seed, Pre-Seed | Health Care, Medical, Mobile |
| Simpact Ventures | 1 | Poland, United States, Estonia | Seed, Pre-Seed | Health Care, Software, SaaS |
| Veedoo | 1 | Estonia | Seed | Events, Sports, Fitness |

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