Top 20 InsurTech Startup Investors in Estonia (August 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
SMOK Ventures
VC Fund
|
3 | Poland, United States, Ukraine | Seed, Pre-Seed | Software, Information Technology, SaaS | $54k–$3M |
|
Martin Tajur
Angel
|
2 | Estonia, Poland, Ukraine | Pre-Seed, Seed, Angel | Software, Artificial Intelligence, SaaS | $136k–$2.7M |
|
Ragnar Sass
Angel
|
2 | Estonia, Ukraine, United States | Seed, Pre-Seed, Angel | Information Technology, Software, Marketplace | $191k–$5.9M |
|
Verge HealthTech Fund
VC Fund
|
2 | Estonia, Singapore, United Kingdom | Seed, Pre-Seed, Series A | Health Care, Medical Device, Medical | $500k–$4.7M |
|
Superhero Capital
VC Fund
|
2 | Finland, Lithuania, Estonia | Seed, Pre-Seed, Venture - Series Unknown | Software, Information Technology, Artificial Intelligence | $212k–$7.3M |
|
Kadri Ugand
Angel
|
1 | Estonia | Seed | mHealth, InsurTech, Personal Health | |
|
Carglass Estonia
VC Fund
|
1 | Estonia | Seed | Mobile, Software, InsurTech | |
|
Marko Virkebau
Angel
|
1 | Estonia, South Africa | Seed, Pre-Seed | Software, Energy, Mobile | $636k–$2.4M |
|
Tilia Impact Ventures
VC Fund
|
1 | Czech Republic, Estonia, United States | Seed, Pre-Seed | Information Technology, Software, Health Care | $132k–$6M |
|
Plug & Play
VC Fund
|
1 | Seed | |||
|
Simpact Ventures
VC Fund
|
1 | Poland, United States, Estonia | Seed, Pre-Seed, Series A | Artificial Intelligence, Health Care, Software | $250k–$8M |
|
DEPO Ventures
VC Fund
|
1 | Czech Republic, United States, Estonia | Seed, Pre-Seed, Convertible Note | Software, Artificial Intelligence, Information Technology | $300k–$4.3M |
|
Lemonade Stand
VC Fund
|
1 | Estonia, Lithuania, India | Seed, Pre-Seed | Software, Artificial Intelligence, FinTech | $227k–$3M |
|
Kristjan Vilosius
Angel
|
1 | Estonia, United States, South Africa | Seed, Pre-Seed, Series A | Software, Information Technology, E-Commerce | $410k–$12M |
|
Taavi Madiberk
Angel
|
1 | Estonia | Seed, Angel, Pre-Seed | Software, Information Technology, SaaS | $636k–$1.1M |
|
Aaron Patzer
Angel
|
1 | United States, Estonia, New Zealand | Seed, Pre-Seed, Series A | Software, SaaS, Health Care | $150k–$6.1M |
|
EstBAN
VC Fund
|
1 | Estonia, Lithuania, Latvia | Seed, Pre-Seed, Angel | Software, CleanTech, Manufacturing | $200k–$2.2M |
|
Akim Arhipov
Angel
|
1 | Estonia, Sweden | Seed, Pre-Seed | Software, iOS, Apps | $1M–$2M |
|
Erik Kaju
Angel
|
1 | Estonia, United States | Seed, Series A | Mobile, Fashion, Printing | $5M–$45M |
|
DOJUS group
VC Fund
|
1 | Estonia, Lithuania | Seed, Pre-Seed | B2B, Mobile, Software | |
| Access all 32 investors in Estonia InsurTech startups. | |||||
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Bridging Silicon Valley to CEE
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Seed, Pre-Seed
- Geography: Poland, United States, Ukraine
Investor stats
- Total investments: 80
- Round size: Seed $477k–$3M; Pre-Seed $54k–$1.4M
- Lead/follow: 53% lead, 47% follow
- Last fund: Likely still investing — raised $25M in 2024
Portfolio highlights
- Paypercut — Paypercut is a fintech startup that allows small and mid-scaled merchants to offer Buy Now, Pay Later at checkout via a single integration.
- Primio — The Fastest Way From Idea to App Store Native iOS and Android. Web included. Ready for app stores in minutes.
- Principle — Test your strategic decisions before you commit. Principle simulates competitors, regulators, and market forces to stress-test your bets against adversarial reality.
Martin Tajur is the co-founder of Pipedrive.
Show more...Investment focus
- Industry: Software, Artificial Intelligence, SaaS
- Stage:Pre-Seed, Seed, Angel
- Geography: Estonia, Poland, Ukraine
Investor stats
- Total investments: 16
- Round size: Seed $800k–$2.7M; Angel $136k–$566k; Pre-Seed $401k–$2M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- YuMuuv — YuMuuv is an employee wellness platform that uses science-based formulas to capture data and keeps track of physical activity & leaderboard.
- Shen.AI — Discover how Shen AI turns your smartphone into a health companion - no wearables, just powerful, camera-based health insights.
- SegmentStream — At SegmentStream we partner with growth leaders to drive more revenue from paid media through full-funnel attribution, incrementality measurement and automated cross-channel budget allocation powered by predictive AI.
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.
Show more...Investment focus
- Industry: Information Technology, Software, Marketplace
- Stage:Seed, Pre-Seed, Angel
- Geography: Estonia, Ukraine, United States
Investor stats
- Total investments: 34
- Round size: Seed $677k–$5.9M; Pre-Seed $191k–$2M
- Lead/follow: 12% lead, 88% follow
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.
We make early investments in global healthcare technology companies that address prevention, disease management and health system efficiency that are relevant to emerging AsiaWe believe that innovation can happen anywhere, from the streets of Dhaka to the labs of Oxford, however without the right support network, these solutions might notscale, or find the best world-changing application. This is where we can help.
Show more...Investment focus
- Industry: Health Care, Medical Device, Medical
- Stage:Seed, Pre-Seed, Series A
- Geography: Estonia, Singapore, United Kingdom
Investor stats
- Total investments: 28
- Round size: Seed $500k–$4.7M; Pre-Seed $500k–$1M
- Lead/follow: 54% lead, 46% follow
- Last fund: May invest from a new fund soon — raised $17k in 2021
Portfolio highlights
- Zoundream — The Future of Infant Care
- Understanding Zoe — One calm home that remembers for you and grows with your family. Built in Australia for families raising neurodivergent children. Try free for 7 days.
- Neuraworx Medical Technology — Neuraworx Medical Technology is a neurotechnology company developing first-in-class bioelectronic solutions for brain health.
Some call you founders. We call you Superheroes. Seed stage VC investing in insight-driven startups in Finland and the Baltics. Tickets 100 K€ - 1000 K€.
Show more...Investment focus
- Industry: Software, Information Technology, Artificial Intelligence
- Stage:Seed, Pre-Seed, Venture - Series Unknown
- Geography: Finland, Lithuania, Estonia
Investor stats
- Total investments: 97
- Round size: Seed $212k–$2.6M; Pre-Seed $618k–$1.8M; Venture - Series Unknown $1.6M–$7.3M
- Lead/follow: 54% lead, 46% follow
- Last fund: May invest from a new fund soon — raised $35M in 2020
Portfolio highlights
- Zadaa — For Zadaa users: continue secondhand shopping and selling on Bought, the new app from Helsinki that automates listings from your past purchases.
- ADESANTE — SurgeryVision is a Virtual Reality solution for Surgeons. Product is intended to be used for planning surgical procedures.
- Creagent — Find designers. Screened & shortlisted. Easy, fast and cost-effective - the smart way of sourcing with AI.
Estonian entrepreneur Kadri Ugand is a Co-Founder of Tallinn-based game accelerator GameFounders. Kadri expands the mentor network, partnership deals and connects the startups to suitable mentors.
Show more...Investment focus
- Industry: mHealth, InsurTech, Personal Health
- Stage:Seed
- Geography: Estonia
Investor stats
- Total investments: 1
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Shen.AI — Discover how Shen AI turns your smartphone into a health companion - no wearables, just powerful, camera-based health insights.
Carglass ensures quality in both our glasswork and customer service. Carglass is a brand belonging to the Belron International group, which is the world's leading group providing car glass replacement, repair, and installation services.
Show more...Investment focus
- Industry: Mobile, Software, InsurTech
- Stage:Seed
- Geography: Estonia
Investor stats
- Total investments: 1
- Lead/follow: 100% lead, 0% follow
Portfolio highlights
- DriveX Technologies — Decrease your average claim size with AI vehicle inspection tool for CASCO pre-checks and windshield claims.
Marko Virkebau
Show more...Investment focus
- Industry: Software, Energy, Mobile
- Stage:Seed, Pre-Seed
- Geography: Estonia, South Africa
Investor stats
- Total investments: 4
- Round size: Seed $636k–$2.4M
- Lead/follow: 25% lead, 75% follow
Portfolio highlights
- LynxPower — Cleantech platform offering wireless metering and AI-driven energy management to track, analyze, and optimize energy use in real time.
- MarkeDroid — Turn sites into intelligent power plants The world's most adaptable AI-powered Energy Orchestration Platform. Google Play App Store Our customers participate
- DriveX Technologies — Decrease your average claim size with AI vehicle inspection tool for CASCO pre-checks and windshield claims.
Tilia Impact Ventures is a Czech impact fund that supports purpose-driven founders and companies with scalable business models and high environmental or social impact potential.
Show more...Investment focus
- Industry: Information Technology, Software, Health Care
- Stage:Seed, Pre-Seed
- Geography: Czech Republic, Estonia, United States
Investor stats
- Total investments: 26
- Round size: Seed $1.1M–$6M; Pre-Seed $132k–$1.6M
- Lead/follow: 38% lead, 62% follow
- Last fund: Likely still investing — fund raised in 2023
Portfolio highlights
- FaceUp — Whistleblowing System for companies and schools. FaceUp is an anonymous reporting channel for those who care.
- Shen.AI — Discover how Shen AI turns your smartphone into a health companion - no wearables, just powerful, camera-based health insights.
- Delta Green — Aggregating household assets in large controllable block of flexibility.
We connect the largest corporations to the world's best startups through industry-focused accelerator programs in Silicon Valley and beyond.
Show more...Investment focus
- Stage:Seed
Investor stats
- Total investments: 8
- Lead/follow: no public data
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.
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!Simpact is the first impact investment venture capital fund in Poland. We are looking for tech-driven startups that incorporate high business potential and a positive social or environmental impact. We empower founders to build tech companies which combine profit with purpose and have a potential to change the world for the better.
Show more...Investment focus
- Industry: Artificial Intelligence, Health Care, Software
- Stage:Seed, Pre-Seed, Series A
- Geography: Poland, United States, Estonia
Investor stats
- Total investments: 38
- Round size: Seed $250k–$3.6M; Pre-Seed $250k–$653k; Series A $1.5M–$8M
- Lead/follow: 74% lead, 26% follow
Portfolio highlights
- Dekoeko — Dekoeko.com is a sales and community platform that connects designers working in upcycling, eco-design and slow fashion with people who value a unique and distinctive neutral design for the environment.
- ThermoEye — Integrated early disease detection system for animal production.
- Glaze Prosthetics — Premium 3D-printed upper limb prosthetics combining cutting-edge design, lightness, and uncompromising comfort.
DEPO Ventures is an angel network and VC (Grouport and DEPO Angels Fund II), which connects world of startups and investors.
Show more...Investment focus
- Industry: Software, Artificial Intelligence, Information Technology
- Stage:Seed, Pre-Seed, Convertible Note
- Geography: Czech Republic, United States, Estonia
Investor stats
- Total investments: 74
- Round size: Seed $564k–$4.3M; Pre-Seed $300k–$1.3M
- Lead/follow: 15% lead, 85% follow
Portfolio highlights
- Tapaya — Software infrastructure that turns any device into a payment terminal. For developers who need to ship fast without becoming payments experts.
- Readmio — You read aloud, we add sounds. Magical mobile app for Android and iOS.
- WanderWallet — Pay with Pix in Brazil, Mercado Pago in Argentina, QR in Bolivia, without a local bank account. Fund with USD or EUR, scan QR codes, pay instantly. No ATM fees.
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.
Show more...Investment focus
- Industry: Software, Artificial Intelligence, FinTech
- Stage:Seed, Pre-Seed
- Geography: Estonia, Lithuania, India
Investor stats
- Total investments: 43
- Round size: Seed $1M–$3M; Pre-Seed $227k–$2.2M
- Lead/follow: 9% lead, 91% follow
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 is unifying energy certificate registries. We give corporate energy buyers, sustainability teams, procurement teams, utilities, and traders one infrastructure layer across fragmented registries so they can procure, manage, and cancel renewable energy certificates with far less manual work.The platform combines aggregated procurement fromthousands of utilities with cleaner registry execution and audit-ready, government-backed cancellation statements traceable to the generating machine. That makes renewable energy certificate management easier to run, easier to evidence, and easier to scale across markets.
Kristjan Vilosius - Co-Founder and CEO @ Katana
Show more...Investment focus
- Industry: Software, Information Technology, E-Commerce
- Stage:Seed, Pre-Seed, Series A
- Geography: Estonia, United States, South Africa
Investor stats
- Total investments: 13
- Round size: Seed $1M–$3M; Pre-Seed $410k–$1.3M; Series A $5.2M–$12M
- Lead/follow: 8% lead, 92% follow
Portfolio highlights
- Yaga — Yaga is designed for everyone who wants to sell items online in a convenient and secure manner.
- Lutso — Empowering older adults to live independently, safely, and with dignity. Lutso is the smarter way to support aging at home.
- Modash.io — High performing marketing teams use Modash to find, analyze and monitor influencers at scale all over the world. Join them today.
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.
Show more...Investment focus
- Industry: Software, Information Technology, SaaS
- Stage:Seed, Angel, Pre-Seed
- Geography: Estonia
Investor stats
- Total investments: 5
- Round size: Seed $636k–$1.1M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- LynxPower — Cleantech platform offering wireless metering and AI-driven energy management to track, analyze, and optimize energy use in real time.
- MarkeDroid — Turn sites into intelligent power plants The world's most adaptable AI-powered Energy Orchestration Platform. Google Play App Store Our customers participate
- DriveX Technologies — Decrease your average claim size with AI vehicle inspection tool for CASCO pre-checks and windshield claims.
In January, I started another company, Vital Software, with Dr. Justin Schrager of Emory University. Vital makes software for hospital emergency rooms. This includes a mobile patient check-in for patients, and the fastest, most usable electronic medical records you've seen for doctors and nurses. We use extensive machine learning and naturallanguage processing to determine patient severity and anticipated actions. Our longer term goal is to cut ER wait times in half, as they are often 4-5 hours long. You might not know it, but there are 140M ER visits in the US alone each year.Medical / sales are in the US, while development is all in Auckland New Zealand. My long-time partner Rebecca, an architect, is a Kiwi and I am now a resident of New Zealand as well.
Show more...Investment focus
- Industry: Software, SaaS, Health Care
- Stage:Seed, Pre-Seed, Series A
- Geography: United States, Estonia, New Zealand
Investor stats
- Total investments: 13
- Round size: Seed $150k–$6.1M; Pre-Seed $500k–$1M; Series A $2M–$4M
- Lead/follow: 8% lead, 92% follow
Portfolio highlights
- Shen.AI — Discover how Shen AI turns your smartphone into a health companion - no wearables, just powerful, camera-based health insights.
- Vital — Intuitive, user friendly, smart hospital software that leverages AI for an optimized patient and clinician experience.
- Carbon Health — Carbon Health Provides Smart, hassle-free Primary & Urgent Care. Book same day Adult & Pediatric appointments instantly.
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
Show more...Investment focus
- Industry: Software, CleanTech, Manufacturing
- Stage:Seed, Pre-Seed, Angel
- Geography: Estonia, Lithuania, Latvia
Investor stats
- Total investments: 22
- Round size: Seed $215k–$2.2M; Angel $232k–$1M; Pre-Seed $200k–$1.2M
- Lead/follow: 36% lead, 64% follow
Portfolio highlights
- BrachyDOSE — BrachyDOSE - is a med-tech startup dedicated to solve radiation injuries that occur during the brachytherapy procedure. Our team consists of engineers and physicists experience in scientific research.
- Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
- Granarium Technologies — Granarium - The worlds first 100% renewable power storage for grid stabilization
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.
Show more...Investment focus
- Industry: Software, iOS, Apps
- Stage:Seed, Pre-Seed
- Geography: Estonia, Sweden
Investor stats
- Total investments: 3
- Round size: Seed $1M–$2M
- Lead/follow: 0% lead, 100% follow
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 — Decrease your average claim size with AI vehicle inspection tool for CASCO pre-checks and windshield claims.
Erik Kaju
Show more...Investment focus
- Industry: Mobile, Fashion, Printing
- Stage:Seed, Series A
- Geography: Estonia, United States
Investor stats
- Total investments: 3
- Round size: Series A $5M–$45M
- Lead/follow: 0% lead, 100% follow
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 — Decrease your average claim size with AI vehicle inspection tool for CASCO pre-checks and windshield claims.
Group of companies engaged in heavy machinery distribution, real estate and financial investments
Show more...Investment focus
- Industry: B2B, Mobile, Software
- Stage:Seed, Pre-Seed
- Geography: Estonia, Lithuania
Investor stats
- Total investments: 2
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Walk15 — Walk15 sustainable walking platform helps engage employees in active mobility and improve companies' ESG reports. Walk15 combines the Sustainable Activity Platform - a tool offering B2B clients annual subscriptions to activate their employees and monitor social impact data for ESG reports - and #walk15 app for B2B clients to buy Step Walletsubscriptions to promote their products and services within the app.
- DriveX Technologies — Decrease your average claim size with AI vehicle inspection tool for CASCO pre-checks and windshield claims.
InsurTech Investor funding in Estonia at a glance
Stats across 10 deals from 32 investors.
Access all 32 investors in Estonia InsurTech startups.
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