# Top 5 Hospitality Startup Investors in Estonia in June 2026

## Specialist VC
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Artificial Intelligence

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

## Timo Rein
- Type: Angel
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Angel, Convertible Note
- Focus: Software, Recruiting, Human Resources

Timo Rein - Co-Founder @ Pipedrive

## Forward Venture Capital
- Type: VC Fund
- Location: Den Haag, Zuid-Holland, The Netherlands
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, E-Commerce, Financial Services

Forward Venture Capital is a Venture Capital fund that invests in early-stage companies in the US and Europe. We support early stage entrepreneurs and help them accelerate their growth.

## Martin Rand
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed
- Focus: Software, CAD, Hospitality

Martin Rand is the CEO and Co-Founder of Pactum.com. Contributor to Forbes.com.

## Märt Kelder
- Type: Angel
- Location: Berlin, Berlin, Germany
- Relevant deals: 1
- Stages: Seed, Angel, Pre-Seed
- Focus: Information Technology, Software, Transportation

founder at Voog.