Top 10 InsurTech Startup Investors in Estonia in December 2024

Last updated: Dec 2024 A list of 10 angel investors and VC (Venture Capital) funds that invest in Insurtech startups based in Estonia. We rank investors based on the number of investments they made in Insurtech companies from Estonia. We update this investor list every month.

Top 10 InsurTech Startup Investors in Estonia in December 2024

Investor	InsurTech Estonia investments
Taavi Madiberk	1
Lemonade Stand	1
Erik Kaju	1
DEPO Ventures	1
Oliver Ahlberg	1
Marko Virkebau	1
Akim Arhipov	1
Plug & Play	1
EstBAN	1
DOJUS group	1

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Investor list

Taavi Madiberk is the Co-Founder and Chief Executive Officer at Skeleton Technologies. His business development, sales and marketing and company management skills have been instrumental in setting-up and driving growth. He has been the driving force for excellent customer traction, (the company counts as customers European Space Agency and severalTier 1 automotives), business strategy (leveraging the advantage in materials technology to energy storage cells and modules), product development and fundraising from venture capital, private equity and public sources in German, Estonian and EU level. Taavi Madiberk brings knowledge from the IT, locomotive and NGO sectors from his experience prior to Skeleton Technologies. Among other Board positions he has served as the youngest ever Chairman of the Supervisory Board in Estonian Railways Ltd (AS Eesti Raudtee) from 2012-2014 the national railway. He also served as a Member of the Supervisory Board of RKAS in 2014, an Estonian state-owned real estate company with over 400 M EUR of assets.

Investment focus

Software, Information Technology, SaaS
Seed, Angel, Pre-Seed
Estonia

Portfolio highlights

MarkeDroid — We enable homeowners to get the best of the energy market, reduce bills and earn back the renewable energy investments made, any time of the year.
ProcurementFlow — Reduce time to market for new products! Simple procurement teamwork software for keeping the communication and procurement process in the flow. Requisition management, eSourcing, SRM.
DriveX Technologies — Boost your windshield damage assessment accuracy with an AI inspection tool that provides instant repairability decisions.

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.

Investment focus

Software, SaaS, FinTech
Seed, Pre-Seed, Angel
Estonia, India, Poland

Portfolio highlights

Esgrid — Manage your value chain ESG data on autopilot, and save hundreds of working hours on legal analysis, ESG data collection and creating improvement guidelines. Become CSRD compliant with Esgrid.
Ligence — AI Automated Echocardiography - Artificial intelligence-powered automated heart ultrasound echo lab system.
Black Swan — Black Swan offers autonomous space robotics software solution

Erik Kaju

Investment focus

Mobile, Fashion, Printing
Seed, Series A
Estonia, United States

Portfolio highlights

Printify — Sell custom t-shirts, phone cases, and 800+ products with your designs printed on demand. We will handle printing and shipping to your customers.
DriveX Technologies — Boost your windshield damage assessment accuracy with an AI inspection tool that provides instant repairability decisions.

DEPO Ventures is an angel network and VC (Grouport and DEPO Angels Fund II), which connects world of startups and investors.

Investment focus

Software, Artificial Intelligence, Machine Learning
Pre-Seed, Seed, Series A
Czech Republic, United States, Estonia

Portfolio highlights

NOLD — NOLD provides a platform that users may locate an exceptional and one-of-a-kind, an outfit with a past that can tell a new tale and take them on a trip. The company was based in Bulgaria.
Ringil — Ringil is a digital platform for the management of freight logistics and transportation.
scoutlabs — We're building the world's densest digital trap network to accurately gauge insect pest pressure. This helps millions of farmers in precisely combating crop-eating insects, accelerating a transition to more sustainable methods. Good for the farmer, the environment and for our food security

Oliver Ahlberg is the Co-Founder and Chief Operating Officer of Skeleton Technologies. He has assured excellent operational capabilities and played a critical role in the development of internal procedures which have kept the company on the forefront of energy storage development. He has had an integral role in securing VC funding and settingup the company's R&D Center in Estonia. Additionally he plays a central role in the company's IT capabilities, production systems and processes and daily administration of the company. Leading the pilot production of the company, he also offers input in product development and has led production optimization efforts. Oliver Ahlberg has previously worked in the IT and law sector in San Fransisco, USA and Tallinn, Estonia. He has co-founded digital media company Vigvam Studio and a daily deals site acquired by the market leader in 2010. Oliver Ahlberg has earned a law degree from University of Tartu.

Investment focus

Information Technology, Software, SaaS
Seed, Angel
Estonia

Portfolio highlights

ProcurementFlow — Reduce time to market for new products! Simple procurement teamwork software for keeping the communication and procurement process in the flow. Requisition management, eSourcing, SRM.
DriveX Technologies — Boost your windshield damage assessment accuracy with an AI inspection tool that provides instant repairability decisions.

Marko Virkebau is co-founder of MeetFrank, a secret recruitment app. Marko is also a member of the board and chief financial officer at Up Invest OU. Marko holds a PhD in economics and fiance and a MS in business information technology at Tallinn University of Technology (Tallinna Tehnikaülikool).

Investment focus

Software, Mobile, FinTech
Seed, Pre-Seed
Estonia, South Africa

Portfolio highlights

Planet42 — Having your own car has never been easier. Planet42 is a vehicle rental company offering rent-to-own car service for private clients.
MarkeDroid — We enable homeowners to get the best of the energy market, reduce bills and earn back the renewable energy investments made, any time of the year.
DriveX Technologies — Boost your windshield damage assessment accuracy with an AI inspection tool that provides instant repairability decisions.

Akim is an Estonian entrepreneur who has cofounded BASIS ID– all-in-one identity verification (KYC) platform for financial institutions and governmental agencies in Southeast Asia. Akim’s team was participated in creation of electronic ID system and eGovernment portals for Estonian government.Previously a co-founder of successful companies in ITand transportation sectors – OnniBus.com and SuperBus.com. The first one is the most successful commercial bus operator in Finland: 20 lines, 200+ daily departures, 6+ million passengers served annually.

Investment focus

Software, iOS, Apps
Seed, Pre-Seed
Estonia, Sweden

Portfolio highlights

Modash.io — High performing marketing teams use Modash to find, analyze and monitor influencers at scale all over the world. Join them today.
imagi — Programming has never been this much fun! Learn to create with code, share your designs with friends on the imagiLabs app and customize your imagiCharm - a fun, easy-to-use, colorful, and educational toy for girls. Imagine it. Code it. Wear it.
DriveX Technologies — Boost your windshield damage assessment accuracy with an AI inspection tool that provides instant repairability decisions.

We connect the largest corporations to the world's best startups through industry-focused accelerator programs in Silicon Valley and beyond.

Investment focus

Seed

Portfolio highlights

Pipra — PIPRA AG (Pre-Interventional Preventive Risk assessment) is developing a cutting-edge AI-based pre-operative test to assess a patient's risk of suffering from cognitive disorders after surgery.
Prismpop — Prismpop is a shopping community where users share their favorite products, shopping advice, product reviews, beauty secrets, fashion tips, food ideas and more.
Steady Technologies, Inc. — Steady Rent offers property managers solutions that share the same goal: Remove risk for property owners, boost profits for property managers, and save time with automation.

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