Top 50 Impact Startup Investors in Estonia in May 2026

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.

Portfolio highlights

• Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
• Askel.ai — Askel.ai elevates SaaS with embedded AI automation.
• Sky Spy — Sky Spy provides advanced RF intelligence solutions for defense, security and mission-critical operations.

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.

Portfolio highlights

• KWOTA — Kwota offers digital validation and trading services for recycled material CO₂ emissions.
• Spacedrip — Spacedrip develops automated water treatment and reuse systems that recycle wastewater back to pure usable water with minimal maintenance. Our systems provide off-grid water without the need for centralized sewage/water solutions.
• 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.

Portfolio highlights

• Coursy.io — Make employee development more effective with LMS powered by Learning Design
• Waybiller — Bulk TMS solution for end-to-end management: Waybiller transforms your logistics operations, allowing you to handle bulk shipments with precision and speed. The Best E-waybill Software & Bulk TMS Solution
• Bilance — Bilance is a personal finance management app that helps you to track, analyze and plan your finances.

Portfolio highlights

• Flirtu — Flirtu is an app for dating on Telegram that helps users find their perfect match.
• Willow Wealth — Willow Wealth is an alternative investment platform focused on generating income streams for investors. Get exclusive access to private market investments.
• FIS.solutions — Loan Management System | Loan Servicing Software | Lending Software. Instalment loans, mortgages, car leasing & rentals, credit line, business loans, factoring

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.

Portfolio highlights

• Eliq — Energy data platform for utilities combining customer insights and operational intelligence to improve service, reduce churn and grow revenue.
• PVcase — From site selection and design to yield optimization; PVcase helps streamline your entire process.
• Urbio — Intuitive online software for urban energy planning and design. Urbio helps energy providers, utilities, consultants and real estate companies save time and money with generative design and digital twins.

Portfolio highlights

• Askly — Add multilingual chat to any site in 2 minutes. Providing multilingual customer support is easy and affordable. Start a 30-day free trial today.
• Snabb — Barking delights vehicle owners by enabling services such as parking, washing, charging, and fuelling from one user-friendly and convenient interface- the Barking App. Browse, book, navigate, start, pay, review and manage your vehicle services from one easy-to-use App.Founded in 2015, we've grown from a Tallinn-based private parking App toan international platform that serves over 50,000 users in 10 markets on a monthly basis.We are constantly working towards connecting all vehicle service providers to our platform and thus enabling the ultimate convenience and simplicity to vehicle owners.
• Promoty — Influencer marketing platform that helps you to find creators, manage influencer relationships, and save time on influencer marketing. Get started here!

Portfolio highlights

• Uniify — Uniify is a no-code customer onboarding software that makes it fast, easy and secure for financial companies to onboard their customers. Save your business time and money, and build onboarding flows for your customers in minutes instead of months.
• Crisp — Crisp connects data between retailers, distributors, and brands to power real-time insights across the supply chain.
• Salesforge — Salesforge is an all-in-one sales execution super app that gives every sales team the highest probability to hit their target by tackling email deliverability and the need to personalize cold email outreach at scale.We do that by enabling real-time AI & machine learning to decision critical sales activities, enhance messaging and eliminatethe need for various sales point solutions, therefore driving superior conversion rates.

Portfolio highlights

• Repsense — Repsense is a data company that mimics user journeys and predicts reactions to content found in search results pages. any of the clients can use the Repsense Index to quickly assess their reputation and compare it to competitors across different geographies and user intents.
• Copla — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
• 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

• Esgrid — Esgrid provides value-chain sustainability management solutions to medium-sized businesses and financial institutions.
• Cuploop — Using RFID technology, our Smart Kiosk offers efficiency & security. Going circular has never been so easy.
• Jeff — Jeff is a personalized loan broker that matches borrowers and lenders through alternative data. Jeff's mission is to help the unbanked to access financial services. In the absence of credit history and bank transactions, Jeff gathers alternative data from sources like smartphones, social media, behavioral patterns, geolocation, and other typesof digital footprint.Jeff then puts this information to good use and find ways on how alternative data points can prove creditworthiness and build trust, building new ways of accessing financing and evolving an alternative credit score.The company was founded in 2019 and is located in Riga, Latvia.

Portfolio highlights

• Raiku — Raiku is a Web3 infrastructure startup focused on enhancing the Solana blockchain's reliability and predictability.
• Kapkap — Kapkap is a web3 platform that uses AI for attention based value distribution in gaming.
• Haiku — Haiku is a DeFi platform that lets users execute complex multi-chain trades and strategies in simple, optimized transactions.

Portfolio highlights

• Gameto — Gameto is a new breed of biotechnology company in female reproductive longevity
• Lace Lithography — Lace is building the patterning technology that will power the next 100 years of semiconductor manufacturing.
• ALICE Technologies — ALICE is a construction project schedule optimization software that enables contractors and owners to optimize, de-risk and recover construction projects with AI.

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.

Portfolio highlights

• VOOL — VOOL is a one-stop shop for EV Charging. Experience chargers that are reliable, save money, and look damn good. Made in Estonia.
• 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.
• Spacedrip — Spacedrip develops automated water treatment and reuse systems that recycle wastewater back to pure usable water with minimal maintenance. Our systems provide off-grid water without the need for centralized sewage/water solutions.

Portfolio highlights

• Klaus — Klaus is a conversation review tool that improves customer service quality by making internal feedback easy and systematic. It also integrates with your help desk, good for improving the quality of answers and on-boarding new agents. They also connect to your favorite help desk solution and saves time on fumbling around with spreadsheets and comingup with the review system.Klaus is based in Tallinn, Estonia.
• SegmentStream — SegmentStream is a data intelligence platform which helps collect and unify from different data sources into own data warehouse for advanced analytics and attribution. Our solution is trusted by leading brands such as Benetton, Nespresso, New Balance, myToys, Eventim Group, and others.
• Jälle Technologies — Jälle Technologies create advanced recycling technologies that transform battery waste into high-value resources.

Portfolio highlights

• Planet42 — Having your own car has never been easier. Planet42 is a vehicle rental company offering rent-to-buy car service for private clients.
• Mentornaut — Mentornaut is a new online tutoring platform is aiming to increase inclusion in personalized education and counts Super angel, United Angels VC, and a list of EdTech advocates like Bolt co-founder Martin Villig, and Clanbeat co-founder Kadri Tuisk among its investors.
• StudentFinance — Catapult your career with leading re-skilling and up-skilling bootcamps. Study now and pay us back once you land a job & start earning!

Portfolio highlights

• Lutso — Empowering older adults to live independently, safely, and with dignity. Lutso is the smarter way to support aging at home.
• Cytely — Transforms microscopy from image-driven to data-driven through AI-powered autonomous targeting that captures high-resolution data of critical cellular events, enabling researchers to solve complex biological problems in minutes instead of years.
• NROC Security — Prevent data leaks, govern shadow AI, prove compliance, and save 50% on GenAI subscriptions

Portfolio highlights

• Esgrid — Esgrid provides value-chain sustainability management solutions to medium-sized businesses and financial institutions.
• UP Catalyst — UP Catalyst produces sustainable carbon nanomaterials and graphite for the green energy storage industry.
• 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.

Portfolio highlights

• Spacedrip — Spacedrip develops automated water treatment and reuse systems that recycle wastewater back to pure usable water with minimal maintenance. Our systems provide off-grid water without the need for centralized sewage/water solutions.

Portfolio highlights

• Intmax — INTMAX has developed significant innovations in ZK implementation making it a unique Layer2 rollup network that offers low cost, security, tunable privacy, and above all, scalability.
• Joystream — Joystream is a block chain-based, decentralized video platform.
• Konnex World — Konnex is building the decentralized coordination, verification, and payment layer for autonomous robots. Powered by Large Behavioral Models and Proof-of-Physical-Work, it connects machines into a single global network where robots can understand, collaborate, and transact.

Portfolio highlights

• Hepta Insights — Hepta provides automated power grid management and analysis using autonomous drones and powerful analytics software. Visit our website to find out more!

Portfolio highlights

• Ludus AI — Ludus AI is a technology company introducing a next-generation solution for the 3D game and visualization industry. The startup, founded by Piotr Penar, former CEO of DreamStorm Studios, aims to facilitate the creation of high-quality content in Unreal Engine by using artificial intelligence.Unreal Engine, although recognized as the best tool forcreating 3D experiences, presents significant challenges for creators. Complicated documentation and complex processes often lead to extended production times and increased costs. Ludus AI was created in response to these problems, resulting from the founder's direct experience in managing a 60-person team of developers during a 9-year journey through the gaming industry and working on projects for Microsoft, Google and UPS.We've created a comprehensive set of tools that significantly speed up work in Unreal Engine, offering users not only the basic capabilities offered by AI technology, such as project and blueprint analysis, but also the innovative ability to automatically create objects in virtual space based solely on a description.Ludus AI solutions are used in many industries. Game studios can significantly accelerate the development process of projects, architectural firms gain the ability to quickly create interactive visualizations, and the training and simulation sector can more effectively create advanced training environments. The technology also works in the automotive industry in the design of user interfaces and in film production in the creation of virtual film sets.We're building tools that we needed ourselves when running a game studio. The reality is that many teams can't afford to hire senior Unreal developers, yet they need to deliver high-quality projects. Our tools bridge that gap, making professional-grade development accessible to teams of any size.The company, which recently released the first version of its solution, is already attracting the attention of the industry, has over 5,000 users and plans further expansion into international markets. We secured our first investors with 1,000,000 PLN in funding, including Hartmann Capital and one private-equity investor. We also joined the EU’s top Concordia Design Accelerator. In the coming months, Ludus AI will focus on the stability of its product, adding more features to its assortment and developing its most frequently used and most effective tool, which is the creation of 3D objects by description.
• Mentra — Mentra is a wearable technology company that develops smart glasses based on augmented reality and AI interface technologies.
• Squido Studio — No More Rainbows is a first person VR platformer with unique locomotion inspired by classic titles such as Super Meat Boy and Super Mario. The studio behind No More Rainbows is Montreal based Squido Studio, a studio that focuses on core mechanics and gameplay before all else.

Portfolio highlights

• Themo — Themo's innovation is an algorithm that optimizes the price of exchange electricity and the consumption of electricity. Themo offers an easy and environmentally friendly way to save on electricity consumed by heating.
• 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.
• UP Catalyst — UP Catalyst produces sustainable carbon nanomaterials and graphite for the green energy storage industry.

Portfolio highlights

• VOOL — VOOL is a one-stop shop for EV Charging. Experience chargers that are reliable, save money, and look damn good. Made in Estonia.
• Spacedrip — Spacedrip develops automated water treatment and reuse systems that recycle wastewater back to pure usable water with minimal maintenance. Our systems provide off-grid water without the need for centralized sewage/water solutions.

Portfolio highlights

• CLST — Buy & sell Bitcoin and cryptos with our easy and seamless Uncollateralized lending. Tust the world's finest crypto borrowing, trading or exchange platform
• Solana — Solana is the high performance network powering internet capital markets, payments, and crypto applications. Fast. Decentralized. Scalable. Energy efficient. Solana can power thousands of transactions per second.
• Perion — Win Crypto Questing in AAA Games.

Portfolio highlights

• ULive — ULive is a digital fitness platform. With ULive, users can develop physically, mentally and spiritually. Indoor Cycling using UBikes, Yoga, Pilates, Stretch, Dance and bUUt (functional body training) classes, which they can attend live every day and whenever they want, using mobile application.
• & New Me — Explore the best aesthetic treatments in Turkey with New Me. Book a consultation, read reviews, and find the right doctor for your beauty journey.
• Njoykidz — njoyKidz was founded in 2021 with the simple idea of creating ad-free and safe game platforms for the kids while they learn. We develop game

Portfolio highlights

• Esgrid — Esgrid provides value-chain sustainability management solutions to medium-sized businesses and financial institutions.
• Supersimple — Supersimple helps SaaS companies use customer behavior data to drive decisions in product & sales.
• ScamGuardian.AI — Providing Actionable Intelligence to Stop Scams

Portfolio highlights

• PARTORY — PARTORY offers complete manufacturing solutions in engineering. PARTORY utilising AI and machine learning to streamline the procurement process for low-cost metal parts
• CYCLE — GetHenry is a rapidly growing subscription service for market-leading delivery companies. We make sure that thousands of couriers are on the move safely, quickly and comfortably every day. In this way, we not only create added value for delivery services, but also help to reduce transport-related CO2 emissions on the last mile.
• Patron GO — Patron GO is a fintech firm that uses AI to detect unnecessarily high costs on a customer's bank account and offers the best solutions.

Portfolio highlights

• Alvin — Highly accurate, automated column-level lineage, powering your data workflows.
• BeTRITON — 100% electric recreational vehicle - revolution in sustainable travel. BeTRITON (formerly known as Z-Triton) offers extraordinary experience and freedom to travel both over land and water.
• Around — The largest network of workspaces on flexible terms. We are a savvy team from Latin America providing fast-growing companies with on-demand access to flexible office space. Everywhere.We believe work at its best is always creative and collaborative, expressed with freedom, autonomy, and purpose; and the space surrounding us should help us achieveit, anywhere & everywhere.We are shaping the future of work today by improving workspaces and the rules around them, and helping innovative teams find their ideal space to make their best work every day — our first step on a journey to change the way we work and think about work.Our best work. Anywhere. Everywhere. We are Around.

Portfolio highlights

• Pynk — Pynk is the Multi-Award Winning London Fintech that rewards you for making predictions on assets like Gold, NASDAQ and Bitcoin. Free sign up, start today!
• FleetFox — Full-stack fleet care service. Hands-on fleet services powered by technology for car-sharing and business fleets across Europe.

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.

Portfolio highlights

• Webel — Webel is an on demand Home Services Marketplace (cleaning, nannies, tutors...) where clients can search, book, compare, pay and review these services. Thanks to a deep analysis of the current methods for hiring these services and the competition outlook, we have created a unique and revolutionary business model that will outperform the market.
• Jobilla — Reach and activate your target group with a powerful recruitment solution. Increase the amount of applications and get 7X more qualified candidates.
• Bahn Express — Bahn Express is a global car transportation company that supports independent contractors while offering quick and easy auto shipping throughout Europe.

Portfolio highlights

• Lutso — Empowering older adults to live independently, safely, and with dignity. Lutso is the smarter way to support aging at home.
• Esgrid — Esgrid provides value-chain sustainability management solutions to medium-sized businesses and financial institutions.
• Frontu — Field service management software designed to simplify business operations. Learn how FSM can transform your field service company. Try now!

Portfolio highlights

• Bikeep — Smart bike and e-scooter stations with app access, fire-safe e-charging, and real-time monitoring from anywhere. 10,000+ devices across 30+ countries.
• Promoty — Influencer marketing platform that helps you to find creators, manage influencer relationships, and save time on influencer marketing. Get started here!
• FleetFox — Full-stack fleet care service. Hands-on fleet services powered by technology for car-sharing and business fleets across Europe.

Portfolio highlights

• Zyfi — Zyfi is building the best on-chain user experience by leveraging paymasters and intents, powered by ZKsync
• Cookie3 — Cookie3 utilizes off- and on-chain analytics and an AI data layer to determine quality users who bring value on-chain and reward them for their contribution. It's a three-platform hub for businesses, creators, and users with a unique value offering for all.

Portfolio highlights

• Kiki World — KIKI World is at the heart of this evolution, a virtual-led beauty brand at the intersection of gamified commerce.
• Lumino — Lumino is an AI infrastructure startup whose mission is to enable the power of AI for every human.
• Nest Wallet — Nest Wallet is a wallet created exclusively for traders, and all wallets are linked across mobile and extension.

Portfolio highlights

• Cookie3 — Cookie3 utilizes off- and on-chain analytics and an AI data layer to determine quality users who bring value on-chain and reward them for their contribution. It's a three-platform hub for businesses, creators, and users with a unique value offering for all.

Portfolio highlights

• Glocalzone — Glocalzone is a platform that connects shoppers who want to buy products from abroad and travelers who want to make a profit.
• Fazla Gıda — Fazla Gıda is a technology solutions company that prevents food waste.
• Revel Games — Revel Games engages in the creation of mobile gaming apps.

Portfolio highlights

• ZKX — ZKX is a permissionless protocol for derivatives built on StarkNet.
• Cookie3 — Cookie3 utilizes off- and on-chain analytics and an AI data layer to determine quality users who bring value on-chain and reward them for their contribution. It's a three-platform hub for businesses, creators, and users with a unique value offering for all.
• ILUMA — ILUMA is building the autonomous solution to onboard, manage, engage and support the next 1M DAO communities in web3.

Portfolio highlights

• KWOTA — Kwota offers digital validation and trading services for recycled material CO₂ emissions.

Portfolio highlights

• SafePAS — SafePAS Ltd.Safe Portable Analytical Systems Precision Anywhere, Anytime Discover portable lab-grade analyzers that offer precision wherever you need it. With cutting-edge technology, we deliver lab-grade precision and cost-effective solutions for drug detection and soil analysis. Drug Hunter EUROPOL's Excellence Award Winner Drug Hunter, a game-changing portable analyzer detecting 97% of all the widely spread drug
• Solid IO — Solid IO is transforming precision oncology with organ-on-chip technology, delivering real-time, patient-specific insights to improve cancer treatment decisions.
• Freya Cultivation Systems — Discover Freya Cultivation Systems' innovative Aeroframe irrigation system that doubles greenhouse productivity and enhances profitability.

Portfolio highlights

• 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.

Portfolio highlights

• Ekmob — Ekmob creates mobile projects for companies which have mobile field teams and operations.Companies with mobile teams and field operations have some common problems such as inefficiency in management of mobile teams, communication difficulties, inability to get instant data from field, offline mobile team on the field. All these problems lead tolack or deficiency in decision-support systems.
• Vagustim —
• Glocalzone — Glocalzone is a platform that connects shoppers who want to buy products from abroad and travelers who want to make a profit.

Portfolio highlights

• Cookie3 — Conversations, clicks, conversions. Every interaction and transaction, all in one platform. Track it all. From yaps to swaps, know what is driving results, which KOLs are pulling their weight, and activate your community. Data-driven insights, every step of the way.

Portfolio highlights

• Acembee — Acembee is an AI-driven platform designed to automate the tracking, data collection, and reporting of LCA A4+A5 (Life Cycle Assessment phases related to construction site energy use and transport) for construction projects. provides solution that consolidates data from the building site into one platform, enabling precise, real-time insights intoenergy consumption, CO₂ emissions, and compliance with legal environmental requirements. Acembee saves significant time, reduces unnecessary energy use by up to 40%, and helps projects stay within allowed CO₂ limits, ultimately making sustainability management on construction sites.
• Kvist Solutions — Kvist Solutions tilbyr programvare som forenkler BREEAM sertifisering. Vi gir deg oversikt over hele prosjektet, slik at veien til sertifisering blir oversiktlig og forutsigbar.
• Jälle Technologies — Jälle Technologies create advanced recycling technologies that transform battery waste into high-value resources.

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.
• Jälle Technologies — Jälle Technologies create advanced recycling technologies that transform battery waste into high-value resources.

Portfolio highlights

• R8tech — R8 Jenny is AI HVAC technology for commercial real estate. It helps you achieve ESG goals while saving up to 30% in energy costs!
• Valmet Automotive — Valmet Automotive, a Uusikaupunki, Finland-based electric vehicle developer and manufacturer. Valmet Automotive provides engineering, manufacturing and business services for the automotive industry. In 2009, the company generated net sales of €56m and employed some 800 people. It manufactures Porsche Cayman sports cars, electric Garia golf carsand THINK City urban cars in Uusikaupunki, Finland. Cuca
• Blueprint Genetics — We offer complete genetic testing and genetic diagnostics to medical professionals worldwide. Learn more about our winning clinical-grade NGS offering!

Portfolio highlights

• CAT Labs — CATLABS.IO - Building Digital Asset Recovery and Cybersecurity Tools to Enable Public and Private Sector Customers to Fight Crypto-Enabled Crime
• Axal — Axal is a smart web3 systems by just stating your intent.
• Hypernative — Detect attacks in progress & prevent loses in real time by proactively monitoring on and off chain data sources and help mitigate security, governance and financial risks with early warnings & actionable insights.