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Top 15 Infrastructure Startup Investors in Estonia (June 2026)

The most active venture capital funds and angel investors investing in Estonia Infrastructure startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Estonia Infrastructure startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Anthony Danon
Angel
1 United Kingdom, France, Estonia Seed, Series A, Pre-Seed Apps, FinTech, Software $1.5M–$21M
F+ Ventures
VC Fund
1 Turkey, United States, Israel Seed, Series A, Pre-Seed Software, Automotive, Manufacturing $810k–$2.7M
Foundamental
VC Fund
1 United States, India, Germany Seed, Series A, Pre-Seed Construction, Software, Real Estate $450k–$27M
Iron Wolf Capital
VC Fund
1 Lithuania, Estonia, United Kingdom Seed, Series A, Pre-Seed Software, Information Technology, SaaS $120k–$7.1M
Carmen Alfonso Rico
Angel
1 United Kingdom, Sweden, Estonia Pre-Seed, Seed Software, Information Technology, Gaming $1.3M–$4M
RKKVC
VC Fund
1 Poland, Switzerland, United Kingdom Seed, Pre-Seed Software, Information Technology, Artificial Intelligence $584k–$9.9M
Declan Kelly
Angel
1 United States, United Kingdom, France Seed, Pre-Seed, Series A Software, Information Technology, FinTech $1.1M–$76M
Foreword Fund
VC Fund
1 United Kingdom, United States, Germany Seed, Pre-Seed, Series A Software, FinTech, Information Technology $1.1M–$13M
Decacorn Capital
VC Fund
1 United States, Israel, Singapore Seed, Series B Software, Information Technology, Artificial Intelligence $1.2M–$32M
Change Ventures
VC Fund
1 Estonia, Latvia, Lithuania Seed, Pre-Seed, Series A Software, Information Technology, Apps $273k–$33M
Andreas Klinger
Angel
1 United States, United Kingdom, India Seed, Pre-Seed, Series A Software, Information Technology, SaaS $450k–$40M
Superangel
VC Fund
1 Estonia, United States, Finland Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $165k–$20M
Gonzalo Manrique
Angel
1 France, Belgium, Estonia Seed, Pre-Seed Software, Recruiting, Information Technology $1.3M–$6.4M
ff Venture Capital
VC Fund
1 United States, Poland, Canada Seed, Series A Software, Artificial Intelligence, Information Technology $1M–$13M
Spring Capital
VC Fund
1 Estonia, Finland, United States Seed, Pre-Seed, Series A Software, SaaS, E-Commerce $439k–$8.2M
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Investor list

Anthony Danon
Angel · London, England, United Kingdom · 1 investments in Estonia Infrastructure startups

Anthony Danon is based out of London, England, and is the Founder of Rerail. Anthony previously worked at Hedosophia as a Venture Partner. Anthony Danon attended the University of Cambridge.

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Investment focus

  • Industry: Apps, FinTech, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, France, Estonia

Investor stats

  • Total investments: 8
  • Round size: Seed $1.5M–$6.8M; Series A $6.4M–$21M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Sona — The employee 'super' app for frontline teams. Sona combines the power of modern workforce management software with an unparalleled mobile user experience.
  • TaxScouts — TaxScouts is a tax preparation platform that makes tax planning easier. It allows drawing up of personal income tax online by certified accountants and its tax bot helps users to understand their personal income tax situation and suggests ways to reduce their tax bill.Founded by Mart Abramov, Kaupo Kõrv, and Daniel Karger in 2017, TaxScouts isheadquartered in London, England.
  • Werk — Werk is building a construction labor marketplace, that matches workers internationally to any country, all while automating the paperwork and HR. Our community provides trade union benefits, globally. Think of it as a mix of Deel & LinkedIn, but for construction that disrupts the European gray economy. Werk is building a digital identity forthe workers building our homes and offices.
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F+ Ventures
VC Fund · Istanbul, Istanbul, Turkey · 1 investments in Estonia Infrastructure startups

F+ Ventures is Fark Labs’ venture capital arm, which invests in late seed and Series A startups within the smart mobility ecosystem that provide disruptive solutions through superior technologies and/or unique business models.

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Investment focus

  • Industry: Software, Automotive, Manufacturing
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Turkey, United States, Israel

Investor stats

  • Total investments: 14
  • Round size: Seed $1M–$2.7M; Series A $810k–$1.5M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Buyutech — Democratizing the autonomy by changing the way of perception. We work for a world where your loved ones are safe on the roads we offer affordable and scalable products that will become the eyes of the millions.
  • Wayve — Wayve are pioneering an AI-centric approach to self-driving, inspired by our vision of a smarter, safer and more sustainable world.
  • Saykal — Saykal develops and manufactures advanced technology in sensing, detection, and imaging systems for global-scale strategic and scalable industries, especially automotive.
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Foundamental
VC Fund · Berlin, Berlin, Germany · 1 investments in Estonia Infrastructure startups

Foundamental is the first partner to exceptional founders re-creating the real world globally

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Investment focus

  • Industry: Construction, Software, Real Estate
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, India, Germany

Investor stats

  • Total investments: 105
  • Round size: Seed $1.5M–$11M; Pre-Seed $450k–$3.5M; Series A $2M–$27M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Enter — baupal seeks to democratize sustainable and customized architecture, making design, energy assessments, permitting and cost evaluations more accessible and straightforward for private builders and smaller construction projects. baupal is an online building application service that takes advantage of digital processes and efficient team structuresto streamline design, planning and permitting processes for a range of small-scale projects.baupal was established in December, 2020 in Berlin, Germany.
  • Lun — Your all-in-one heat pump platform. Streamline system design, lead qualification, scheduling, quoting and much more.
  • Adaptive Real Estate — Experience a stress-free back office for less than what you pay for dumpsters.
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Iron Wolf Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 1 investments in Estonia Infrastructure startups

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.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Lithuania, Estonia, United Kingdom

Investor stats

  • Total investments: 39
  • Round size: Seed $530k–$2.6M; Pre-Seed $120k–$965k; Series A $4.7M–$7.1M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Copla — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
  • UFORCE — UFORCE is a defence technology business that specialises on combat-proven unmanned systems for air, ground, and marine operations.
  • CyberUpgrade — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
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Carmen Alfonso Rico
Angel · London, England, United Kingdom · 1 investments in Estonia Infrastructure startups

Lucky friend, family girl. Always chasing the “why” and “so what” of everything. Food explorer. Book lover. My Spotify running playlist is embarrassing. Obsessed with the power of communities and looking for #customerlove in the weirdest places. Lawyer and economist, previously @MorganStanley, @FelixCapital. Launched a D2C brand from my living room(RIP). From Spain but call London home. I collect exotic stamps on my passport.

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Investment focus

  • Industry: Software, Information Technology, Gaming
  • Stage:Pre-Seed, Seed
  • Geography: United Kingdom, Sweden, Estonia

Investor stats

  • Total investments: 8
  • Round size: Seed $1.4M–$4M; Pre-Seed $1.3M–$2.5M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • SigmaOS — SigmaOS is a new type of browser designed for founders, researchers, and content creators to make it better and faster to work on the web.
  • Cauldron — Cauldron aim is to create a Worldbuilding is the art form that is foundational to everything at Cauldron. We want people to truly feel they can not only escape into our worlds, but through the advances of Web3, be a part of them.
  • Werk — Werk is building a construction labor marketplace, that matches workers internationally to any country, all while automating the paperwork and HR. Our community provides trade union benefits, globally. Think of it as a mix of Deel & LinkedIn, but for construction that disrupts the European gray economy. Werk is building a digital identity forthe workers building our homes and offices.
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RKKVC
VC Fund · 1 investments in Estonia Infrastructure startups

To be the first point of call for company founders from Central Europe who want to create history with their start-up. Our private independent early-stage boutique Venture Capital fund focuses on this promise. Our strategy is linked to technologies that benefit people and the planet. It’s a privilege for us to partner with people who seeopportunities around the corner. To them success is not about mere status, it is about making an impact.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed
  • Geography: Poland, Switzerland, United Kingdom

Investor stats

  • Total investments: 20
  • Round size: Seed $932k–$9.9M; Pre-Seed $584k–$1.2M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • PilotGo — Developer platform for secure data sharing with multiple partners powered by Digital Twins.
  • DBR77 Robotics Sp. z o.o. — A B2B Tech Marketplace for Robotization
  • Hypersonix Launch Systems — Hypersonix Launch Systems specializes in hypersonic technology and scramjet engines in the global market.
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Declan Kelly
Angel · Berlin, Berlin, Germany · 1 investments in Estonia Infrastructure startups

Founder of Foreword.vc, an early-stage micro fund backing startups throughout their initial chapters. Also advisor at Web Summit and EiR at Seedcamp. Previously covering Europe for Techstars Ventures and founding member of Web Summits venture fund, Amaranthine.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, France

Investor stats

  • Total investments: 51
  • Round size: Seed $3M–$8.5M; Pre-Seed $1.1M–$4.4M; Series A $8.8M–$76M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Clarisights — Clarisights is the leading marketing analytics platform for Enterprises on G2. Connect, visualize and explore all your marketing data in one place. From questions to insights in minutes.
  • Payable — Scale your business with our payment operations API and dashboard. Track, reconcile and make payments instantly.
  • Overwatch Research — Generate accurate in vivo study data as a part of your efficient, connected R&D.
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Foreword Fund
VC Fund · San Francisco, California, United States · 1 investments in Estonia Infrastructure startups

Foreword Ventures is an early-stage micro fund backing startups throughout their initial chapters. Foreword commits to adding value far beyond the small checks they write by devoting time, reputation, and capital to clients' success. Foreword typically invests in the pre-seed and seed stages, but can also invest in Series A and beyond whenthere is an existing relationship with the founder or co-investor.

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Investment focus

  • Industry: Software, FinTech, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 38
  • Round size: Seed $3M–$8.5M; Pre-Seed $1.1M–$3M; Series A $8.8M–$13M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Loctax — Ask any tax question based on your company's data and IBFD's authoritative tax content. Then act on it with compliance and risk management tools.
  • Delphi — Delphi turns your expertise into an always-on presence, so you can grow your reach, serve your audience, and lead with clarity, without burning out.
  • Bits Technology — Bits Technology connects data sources & orchestrates workflows for financial tech services.
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Decacorn Capital
VC Fund · Singapore, Central Region, Singapore · 1 investments in Estonia Infrastructure startups

Decacorn Capital is a cross-border venture funding initiative, centred around game changing start-ups, enabled by innovative use of technology and led by high-caliber, resourceful founders who are out there with the mission to either create a true delight or solve a real problem.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series B
  • Geography: United States, Israel, Singapore

Investor stats

  • Total investments: 55
  • Round size: Seed $1.2M–$6.2M; Series B $15M–$32M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Corgea — Corgea finds, triages, and fixes vulnerabilities across code, packages, infrastructure, and containers.
  • OpenFunnel — OpenFunnel provides AI agents that help Go-To-Market teams find potential customers by detecting real-time intent signals from the internet.
  • Nowadays — Nowadays acts as your in-house event planner, taking away the hassles of organizing while factoring in your company's unique tastes and needs.
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Infrastructure startups

We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.

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Investment focus

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, Latvia, Lithuania

Investor stats

  • Total investments: 63
  • Round size: Seed $500k–$4.5M; Pre-Seed $273k–$2.2M; Series A $1M–$33M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Eurora — Eurora develops an e-commerce suite of customs compliance tools.
  • 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.
  • RecruitLab — Teamdash's built-in recruitment, applicant tracking, and marketing features give you the focus you need to achieve the impossible. Here's how.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Andreas Klinger
Angel · Berlin, Berlin, Germany · 1 investments in Estonia Infrastructure startups

Hello, my name is Andreas Klinger.I am leading the eng team @ On Deck (beondeck.com). Previously I led things related to eng, product & remote @ producthunt.com, angel.co and coinlist.co. If you want to reach me please use twitter @andreasklinger

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 41
  • Round size: Seed $2.1M–$8.1M; Pre-Seed $450k–$3.4M; Series A $14M–$40M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Atlas.co — Your all-in-one map builder
  • Rivet — Rivet is a corporate & personal tax prep firm, designed to make tax season less taxing. Because everybody deserves a tax prep firm that they love.
  • Willo — Willo is advancing and scaling true wireless power for humanity, technology, and industry. Discover the company powering the next era of energy delivery.
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Superangel
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Infrastructure startups

Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, United States, Finland

Investor stats

  • Total investments: 76
  • Round size: Seed $767k–$6.6M; Pre-Seed $165k–$2.2M; Series A $5.3M–$20M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $35M in 2022

Portfolio highlights

  • Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
  • ROCSYS — Meet the world's first autonomous charging solution for electrical vehicles in public transportation, logistics, material handling, and passenger cars.
  • ZITICITY — Juragan69 adalah venue slot demo yang dipilih untuk final oleh para juragan di Indonesia karena memiliki fasilitas permainan slot yang lengkap serta pelayanan super ramah dari para customer service di situs ini.
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Gonzalo Manrique
Angel · Madrid, Madrid, Spain · 1 investments in Estonia Infrastructure startups

Gonzalo Manrique is Co-Founder and Co-CEO at IronHack.

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Investment focus

  • Industry: Software, Recruiting, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: France, Belgium, Estonia

Investor stats

  • Total investments: 5
  • Round size: Seed $2.3M–$3.2M; Pre-Seed $1.3M–$6.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Chift — Offer native integrations within your software. Your clients connect your software to their tools in one click. Connect easily to Accounting, POS, Invoicing, e-commerce, etc.
  • Pandas — B2B e-commerce platform connecting Asia with the +10 million of Latin America small merchants
  • Flowers-Software GmbH — Flowers Software is an organization management for digitizing, simplifying and automating recurring workflows.Flowers -Software can be used independent of company size, industry, region, and existing company structure due to its highly flexible no-code process editor.
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ff Venture Capital
VC Fund · New York, New York, United States · 1 investments in Estonia Infrastructure startups

ff Venture Capital (ffVC) is a technology venture capital firm investing in some of the strongest growth areas to date, including cybersecurity, artificial intelligence, machine learning, drones, enterprise cloud software, and crowdfunding. The firm identifies and invests in technology and technology-enabled companies at its inception acrossgeographies and emerging industries. With three partners and an acceleration team of 20+ investment and operations professionals, ffVC actively participates with founders to develop products, target markets, and accelerate growth. Since 2008, ffVC has invested in over 100 companies and has helped to create companies with an aggregate market value exceeding $6 billion.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A
  • Geography: United States, Poland, Canada

Investor stats

  • Total investments: 288
  • Round size: Seed $1M–$4.3M; Series A $1.3M–$13M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $66M in 2023

Portfolio highlights

  • ForActive — ForActive The Best App to Buy & Sell Memberships
  • EyeVi Technologies — EyeVi is a provider of road network intelligence with AI-powered on-demand mapping technologies.
  • Linker Cloud Fulfillment Network — Linker Cloud is the future of fulfillment. We blur geographical boundaries for cross-border eCommerce and D2C companies, helping them to grow faster.
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Spring Capital
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Infrastructure startups

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.

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Investment focus

  • Industry: Software, SaaS, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, Finland, United States

Investor stats

  • Total investments: 24
  • Round size: Seed $439k–$2.4M; Pre-Seed $500k–$580k; Series A $7M–$8.2M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — raised $3.9M in 2018

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.
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Infrastructure Investor funding in Estonia at a glance

Stats across 5 deals from 16 investors.

16
investors
in Estonia Infrastructure startups
5
deals
in Estonia Infrastructure startups
$637k
median round
in Estonia Infrastructure startups
25%
lead investors
lead at least one round
60%
Seed
most common funding stage
69/31
VC / Angel
share of investor count

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