# Top 50 Impact Startup Investors in Estonia in June 2026 ## Lemonade Stand - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 8 - Stages: Seed, Pre-Seed - Focus: Software, Artificial Intelligence, FinTech 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. ## Superangel - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 6 - Stages: Seed, Pre-Seed, Series A - Focus: Artificial Intelligence, Software, Information Technology Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io ## Specialist VC - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 4 - Stages: Seed, Pre-Seed - Focus: Software, Information Technology, Artificial Intelligence United Angels VC is an early stage venture capital fund based in Estonia. ## Vestman Energia - Type: VC Fund - Location: Viljandi, Viljandimaa, Estonia - Relevant deals: 4 - Stages: Pre-Seed, Seed - Focus: Water, Software, CleanTech Our focus changes in the same pace with the surrounding world. If the main concern of the mankind is the food and energy supplies and polluted living environment, the current activities of the companies of Vestman Group thus also focus on these topics. Our vision is to be a sustainable forest manager on one of the Estonian largest private forestpossession. We lease out arable lands, give advice and help to find the best solution based on the partner’s needs. We are starting our journey in Eco-friendly Technology to strengthen our Circular economy way of doing things even further. We value the world we live in and the resources we use in our business. ## Prototron - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 3 - Stages: Pre-Seed, Grant, Seed - Focus: Software, Manufacturing, Internet of Things 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. ## Kristjan Raude - Type: Angel - Relevant deals: 3 - Stages: Seed, Pre-Seed, Equity Crowdfunding - Focus: Software, Automotive, Internet of Things I am a serial entrepreneur and angel investor with 15+ years of international experience in sales & marketing, leading teams of 300+ with annual revenue of 10M+. Founder of 3 international companies and investor to 10+ startups. Member of the board at Estonian Business Angels Network. ## Expansion Capital - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 3 - Stages: Seed, Debt Financing - Focus: Manufacturing, Logistics, Transportation Expansion Capital AIFP plans to participate in Latvian state-owned development finance institution ALTUM organized next generation fund manager tender, in order to continue to invest and finance mainly perspective Latvian ideas, projects, and companies. ## Spring Capital - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 3 - Stages: Seed, Pre-Seed, Series A - Focus: Software, SaaS, E-Commerce Investments in exceptional teams in the Baltics & Nordics.Our two main focuses include: 1. Startups with a technological edge. Seed stage. Our check size is from €50K up to €200K. With a vast experience in startup building, we typically get hands-on with our advice and help the founders achieve operational excellence. 2. Innovators oftraditional sectors. SMEs with a proven track and strong market position. Clear plans to accelerate the growth. Our investment ticket can be from €300K to €700K to support these aspirations. If you think we have a match, reach out through invest@springcapital.ee. ## Thorgate Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 3 - Stages: Seed, Pre-Seed, Series A - Focus: Software, SaaS, FinTech We invest both capital and our know-how into startups. Join us and let's change the world ## Contrarian Ventures - Type: VC Fund - Location: Vilnius, Vilniaus Apskritis, Lithuania - Relevant deals: 3 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Renewable Energy, Energy We are a hands-on, community-focused and founders vetted early-stage sustainable energy transition focused VC in Europe & Israel ## Sunly - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Solar, CleanTech, Rental Sunly, a renewable energy company, is active in the Baltics and surrounding markets. Sunly is developing renewable energy projects through Sunly Infra and manages a renewable energy and electrification portfolio of start-ups through Sunly Startup. ## Angel Effect - Type: VC Fund - Location: Kurucesme, Istanbul, Turkey - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, E-Commerce, Mobile We are a team of successful entrepreneurs, corporate leaders and people who know the impact of creating value together. Together, we invest in high-impact, early-stage companies led by amazing teams with global mindset all over the world. ## SpeedUp Venture Capital Group - Type: VC Fund - Location: Poznan, Wielkopolskie, Poland - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Software, SaaS, Artificial Intelligence We are a group of venture capital funds, investing in enterprises in an early stage of development. Areas of our interest include enterprises and entrepreneurs in Central and Eastern Europe, who want to conquer the global market by utilizing their self-developed solutions. Our cooperation with companies is based on a 3-8 years investment horizon.We're looking for innovations from areas such as: consumer internet, electromobility, energy, fintech, martech, adtech, medtech, IoT and hardware. We're interested in technologies like Machine Learning, Picture Recognition and Artificial Intelligence. ## Ragnar Sass - Type: Angel - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Information Technology, Software, SaaS Ragnar Sass is the Co-Founder of Darkstar Camp. He previously worked at LIFT99 as a Founder and CEO. Ragnar Sass attended Estonian Business School. ## Funderbeam - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 2 - Stages: Seed, Pre-Seed, Equity Crowdfunding - Focus: Apps, FinTech, Software Funderbeam is a funding and trading platform that connects companies and investors to buy and sell equity stakes. The platform allows the founders to gain exposure, legal support, a funding manager, or an investor network. It also allows the investors to take control of their investments and trade anytime they want.The company was founded in 2013as a global data platform for startup companies. ## Kair Käsper - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Pre-Seed, Seed, Angel - Focus: Software, SaaS, Financial Services Kair Käsper ## Madis Müür - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Equity Crowdfunding, Pre-Seed - Focus: Apps, Cycling, Security Madis Müür ## Greenco Ventures - Type: VC Fund - Relevant deals: 2 - Stages: Pre-Seed - Focus: Software, Sustainability, Renewable Energy Greenco Ventures is an investment firm. ## Hartmann Capital - Type: VC Fund - Location: Boca Raton, Florida, United States - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Virtual Reality, Software, Blockchain Hartmann Capital offers one of the world's first crypto hedge funds to provide accredited investors exposure to Bitcoin and other digital assets in the virtual currency space. ## Norrsken VC - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, Health Care, Food and Beverage We are a venture capital fund investigating in Start-Ups solving the worlds biggest problems while building massive businesses. ## Kuldar Väärsi - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Water, Battery, Fuel Cell Kuldar Väärsi is the Founder and CEO at Milrem Robotics. ## Iron Wolf Capital - Type: VC Fund - Location: Vilnius, Vilniaus Apskritis, Lithuania - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Information Technology, SaaS We are here to make you succeed! Iron Wolf Capital is an international venture capital firm with an experienced team of professionals with global outlook and strong roots in the Baltics. and a mandate for helping entrepreneurs realise their ideas into successful businesses. ## EstBAN - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Pre-Seed, Angel - Focus: Software, Information Technology, Manufacturing 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 ## Future Ventures - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 2 - Stages: Series A, Seed, Series B - Focus: Biotechnology, Software, Medical Future Ventures is a financial services platform with a focus on disruptive technology companies such as commercial space exploration, deep learning, quantum computing, robotics, AI, blockchain, sustainable transportation, synthetic biology and clean meat.As venture capitalists, the founders of Future Ventures have led founding investments inseveral companies that had successful IPOs and others that were acquired for over $16 billion in aggregate. Some of our early VC investments include Memphis Meats, Mythic, Nervana, Planet, Rethink Robotics, Skype, SpaceX, Tesla and Zoox. Current board seats include SpaceX, Tesla, and D-Wave. ## Estonian venture capital - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Pre-Seed, Series A - Focus: Energy, Software, CleanTech Estonian venture capital provides support to entrepreneurs, fund managers, institutional investors. ## Icebreaker.vc - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 2 - Stages: Pre-Seed, Seed, Series A - Focus: Software, Information Technology, Artificial Intelligence Founded in 2016, Icebreaker has invested in over 50 fast-growing tech startups built by domain expert founders from companies like Rovio, Nordea, Pipedrive, Eniram, IBM and BCG. In addition to the fund, Icebreaker also runs a community of more than 1000 founders and pre-founders with 5+ years of relevant industry experience and the will to start,build or join strong tech companies.With the initial ticket sizes of €150k - 800K Icebreaker provides enough funding for companies to get to a position of strength and avoid post-accelerator limbo without having to resort to disreputable sources of capital and unfriendly deal terms. ## The Spartan Group - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 2 - Stages: Seed, Series A - Focus: Blockchain, Cryptocurrency, Software We advise, invest and build with the best entrepreneurs in Web3. ## Taavi Veskimägi - Type: Angel - Relevant deals: 2 - Focus: Water, Battery, Recycling Taavi Veskimägi is a former member of the Estonian Parliament(2003-2009) and Minister of Finance from 2003 to 2005. ## Eigenkapital - Type: VC Fund - Location: Curitiba, Parana, Brazil - Relevant deals: 2 - Focus: Water, Recycling, Water Purification Eigenkapital is an investment firm. ## Alvar Lumberg - Type: Angel - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, Information Technology, SaaS Alvar Lumberg - CTO, co-founder @ Grünfin ## LD Capital - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 2 - Stages: Seed, Initial Coin Offering - Focus: Blockchain, Cryptocurrency, Gaming LD Capital is one of Asia's earliest organizations focusing on value investing in blockchain field. Owing to industrial resource advantages and professional investment research teams, LD Capital has successively discovered and invested in projects such as Qtum, Vechain and Eos which all achieved over 100 times return.Their teams spread overChina, the United States, Europe, Singapore, Japan, and South Korea, and have accumulated rich experience in areas of traditional internet, Fintech, and advanced blockchain technology. They are committed to the globalization of blockchain and quality investment in the entire industry.LD Capital focuses on blockchain innovation projects within finance, games, content publishing, Internet of Things and other circuits, and we have been propelling broad layout of blockchain technology and infrastructure construction to facilitate the comprehensive development of the global blockchain ecosystem. ## Markku Jääskelainen - Type: Angel - Location: Miami, Florida, United States - Relevant deals: 2 - Stages: Seed, Series A - Focus: Drones, Big Data, Software Markku Jääskelainen. ## Change Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Information Technology, Apps We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world. ## 2C Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Pre-Seed, Seed - Focus: Software, Renewable Energy, SaaS 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. ## Trind Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, Information Technology, SaaS Trind VC is a founder-first venture capital firm investing in early-stage consumer startups across Europe. We back ambitious teams, help them grow, and stay by their side through every stage of the journey. ## Big Brain Holdings - Type: VC Fund - Location: Weston, Florida, United States - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Blockchain, Cryptocurrency, Gaming Big Brain Holdings is Focused on Investing in Solana projects that have strong potential. ## Andrus Purde - Type: Angel - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, Apps, Internet Experienced startup marketer. Co-founder and CEO of Outfunnel. Skype and Pipedrive alumni. Angel investor. ## Martin Villig - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Angel, Pre-Seed - Focus: Software, FinTech, Education Martin is co-founder of Bolt.eu, Estonian Founders Society, Garage48.org, Good Deed Education Foundation and kood/Jõhvi coding school. Read more from http://martinvillig.com ## Little Green Fund - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Pre-Seed - Focus: CleanTech, GreenTech, Manufacturing Little Green Fund invests in companies that are good for the Earth, with teams that can get big things done. ## Kaamos - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Pre-Seed - Focus: Manufacturing, Battery, CleanTech Kaamos is an investment management firm that invests in the construction, real estate, energy sector, and wood industry. ## Mapleblock Capital - Type: VC Fund - Location: Delhi, Delhi, India - Relevant deals: 1 - Stages: Seed, Series A - Focus: Blockchain, Gaming, Cryptocurrency Mapleblock Capital is an investment firm that exclusively consults and invests in crypto-assets and blockchain companies. It was founded in 2017 and is headquartered in Delhi, India. ## Commerce Ventures - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Series A, Seed, Series B - Focus: FinTech, Software, Financial Services At Commerce Ventures, they are building a new and different type of venture capital firm. Their investors are a unique and strategic blend of leading entrepreneurs, senior executives, and corporates from their focus sectors (mobile, retail/e-commerce, payments, fin-tech, insurance). In addition to providing capital, they are committed tohelping their portfolio companies succeed in scaling their commerce-related innovations. ## Superhero Capital - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Software, Information Technology, Internet Some call you founders. We call you Superheroes. Seed stage VC investing in insight-driven startups in Finland and the Baltics. ## Sie Ventures - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series B - Focus: CRM, SaaS, Mobile SIE ## Bangladesh Angels - Type: VC Fund - Location: Dhaka, Dhaka, Bangladesh - Relevant deals: 1 - Stages: Seed, Pre-Seed, Angel - Focus: Supply Chain Management, Fashion, SaaS Bangladesh Angels operates as an angel investing platform. Its mission to nurture innovation and entrepreneurship in Bangladesh, connecting them to both local and global investors. Bangladesh Angels was founded in 2018 and is headquartered in Dhaka, Bangladesh. ## Oddiyana Ventures - Type: VC Fund - Location: Seoul, Seoul-t'ukpyolsi, South Korea - Relevant deals: 1 - Stages: Seed - Focus: Gaming, Blockchain, Bitcoin Investment that bridge the innovative Blockchain Startup and the Venture Capital. Expert in advisory and accelerating the growth. ## Koray Gultekin Bahar - Type: Angel - Location: Istanbul, Istanbul, Turkey - Relevant deals: 1 - Stages: Seed, Angel, Pre-Seed - Focus: Sharing Economy, Software, Audio Koray Gultekin Bahar is a Co-Founder & CEO at Figopara.Koray attended Eastern Mediterranean University. ## Miko Matsumura - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed, Series A, Pre-Seed - Focus: Blockchain, Cryptocurrency, Financial Services Miko Matsumura is a General Partner at gumi Cryptos Capital (gCC) a blockchain focused venture capital firm ## Andrius Slimas - Type: Angel - Location: Vilnius, Vilniaus Apskritis, Lithuania - Relevant deals: 1 - Stages: Seed - Focus: Information Technology, Cooking, Jewelry Andrius Slimas - CEO and co-founder @ Oberlo, formerly head of web agency Studio4, over ten years experience in ecommerce, dropshipping and software development.Oberlo is a dropshipping solution for ecommerce store-owners. It provides a number of dropshipping automation tools and instant access to millions of products available fordropshipping. ## Ahmed Faruk Karslı - Type: Angel - Location: Istanbul, Istanbul, Turkey - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: E-Commerce, Art, Marketing Ahmed Karslı is the chairman of the board at Papara.