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Top 50 Internet Startup Investors in Estonia (July 2026)

The most active venture capital funds and angel investors investing in Estonia Internet startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Estonia Internet startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Icebreaker.vc
VC Fund
12 Finland, Sweden, Estonia Pre-Seed, Seed, Series A Software, Information Technology, Artificial Intelligence $106k–$25M
Tera Ventures
VC Fund
10 Estonia, United States, United Kingdom Seed, Series A, Pre-Seed Software, E-Commerce, Artificial Intelligence $120k–$13M
Specialist VC
VC Fund
6 Estonia, United Kingdom, Finland Seed, Pre-Seed Software, Information Technology, Artificial Intelligence $240k–$6.6M
Kristjan Vilosius
Angel
4 Estonia, United States, South Africa Seed, Pre-Seed, Series A Software, Information Technology, E-Commerce $410k–$12M
Creandum
VC Fund
3 Sweden, Germany, United States Series A, Seed, Series B Software, Information Technology, Artificial Intelligence $1.8M–$80M
ZAKA VC
VC Fund
3 United States, Germany, United Kingdom Seed, Pre-Seed Artificial Intelligence, Software, Information Technology $250k–$6.6M
Superangel
VC Fund
3 Estonia, United States, Finland Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $165k–$20M
Jaan Tallinn
Angel
3 United States, Estonia, United Kingdom Seed, Series A Software, Artificial Intelligence, Internet $531k–$124M
Lemonade Stand
VC Fund
3 Estonia, Lithuania, India Seed, Pre-Seed Software, Artificial Intelligence, FinTech $227k–$3M
Geekchester
VC Fund
3 Estonia Angel Sports, Social Media $29k–$29k
Ambient Sound Investments
VC Fund
2 Estonia, United States, United Kingdom Seed, Series A Internet, Software, E-Commerce $200k–$3.7M
Prototron
VC Fund
2 Estonia, Finland, Germany Pre-Seed, Grant, Seed Software, Manufacturing, Internet of Things $3k–$27k
Magnus Capital
VC Fund
2 United States, India, Estonia Seed, Pre-Seed Blockchain, Cryptocurrency, Gaming $360k–$7.7M
Hive Hatch
VC Fund
2 United States, Mexico, Estonia Pre-Seed, Seed, Series B Software, SaaS, Retail $120k–$3M
Mike Oliinyk
Angel
2 Estonia Seed, Pre-Seed, Series A Robotics, Navigation, 3D Technology
Butterfly Ventures
VC Fund
2 Finland, Sweden, Norway Seed, Pre-Seed Health Care, Software, Information Technology $110k–$4.3M
Karista
VC Fund
2 France, United States, Finland Seed, Series A, Series B Software, Biotechnology, Health Care $713k–$33M
Parallax Ventures
VC Fund
2 Brazil, Estonia, United States Seed, Series A, Series B FinTech, Financial Services, Information Technology $1.5M–$21M
Andrus Purde
Angel
2 Estonia, United Kingdom, Cyprus Seed, Pre-Seed Software, Apps, Internet $100k–$2.7M
Markus Villig
Angel
2 Estonia, United States, United Kingdom Seed, Pre-Seed, Angel Software, Information Technology, FinTech $230k–$3.5M
BADideas.fund
VC Fund
2 Estonia, Latvia, Lithuania Seed, Pre-Seed, Grant Software, Information Technology, Artificial Intelligence $110k–$4.6M
Triin Hertmann
Angel
2 Estonia Seed, Pre-Seed E-Commerce, FinTech, Software $143k–$2.7M
Monolith
VC Fund
2 United States Seed, Initial Coin Offering FinTech, Blockchain, Cryptocurrency $1.2M–$80M
Global Founders Capital
VC Fund
2 United States, Germany, United Kingdom Seed, Series A, Pre-Seed Financial Services, Software, FinTech $637k–$32M
TMT Investments
VC Fund
2 United States, Estonia, United Kingdom Seed, Series A Software, SaaS, Social Media $250k–$10M
Thomas Wolf
Angel
2 United States, France, Germany Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $799k–$100M
EstBAN
VC Fund
2 Estonia, Lithuania, Latvia Seed, Pre-Seed, Angel Software, CleanTech, Manufacturing $197k–$2.2M
Alvar Lumberg
Angel
2 Estonia Seed, Pre-Seed, Angel Software, Information Technology, FinTech $321k–$2.4M
Angel Invest
VC Fund
2 Germany, United Kingdom, United States Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $530k–$21M
Priit Kasesalu
Angel
2 Estonia Seed iOS, Apps, Email $276k–$382k
Change Ventures
VC Fund
2 Estonia, Latvia, Lithuania Seed, Pre-Seed, Series A Software, Information Technology, Apps $273k–$33M
Elias Aalto
Angel
2 Finland, Sweden, Estonia Seed, Pre-Seed, Series A Internet, Health Care, Information Technology $430k–$10M
Insta Ventures
VC Fund
2 United States, Estonia, France Seed, Pre-Seed, Series A Software, E-Commerce, Advertising $550k–$5M
Acton Capital
VC Fund
2 Germany, United Kingdom, Canada Series A, Series B E-Commerce, Internet, Software $4.2M–$35M
LIFT99
VC Fund
2 Estonia, United Kingdom, El Salvador Pre-Seed, Seed, Series A Software, Information Technology, Legal $300k–$12M
Sten Tamkivi
Angel
2 Estonia, United States, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, Manufacturing $120k–$35M
Trind Ventures
VC Fund
2 Finland, Estonia, Spain Seed, Series A, Venture - Series Unknown Software, Information Technology, SaaS $549k–$15M
Apostolos Apostolakis
Angel
1 Greece, United States, United Kingdom Seed, Series A E-Commerce, Health Care, FinTech
Anton Borzov
Angel
1
Dnipro VC
VC Fund
1 Seed SaaS, Software, Information Technology
Iron Wolf Capital
VC Fund
1 Lithuania, Estonia, United Kingdom Seed, Pre-Seed, Series A Software, Infrastructure, Manufacturing
Supernode Global
VC Fund
1 United Kingdom, United States, Germany Seed, Pre-Seed Software, Media and Entertainment, Virtual Reality
Alistair Owen
Angel
1 Greece, United Kingdom, Poland Seed, Series A E-Commerce, Health Care, Marketplace
John Tsioris
Angel
1 Greece, Estonia Seed, Pre-Seed, Series A Travel, Internet, Blockchain
Everywhere Ventures
VC Fund
1 United States, United Kingdom, India Seed, Pre-Seed, Series A Software, Health Care, FinTech
Nomad Capital
VC Fund
1 Canada, Estonia, United States Seed, Pre-Seed Software, SaaS, Apps
Tiny VC
VC Fund
1 United Kingdom, Germany, United States Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS
Intel Capital
VC Fund
1 United States, China, Israel Series B, Series A, Series C Software, Information Technology, Enterprise Software
Sienna Networks
VC Fund
1 Estonia Seed Apps, Privacy, Internet
Jalal Najjar
Angel
1 Estonia Seed Apps, Privacy, Internet
Access all 101 investors in Estonia Internet startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Icebreaker.vc
VC Fund · Helsinki, Southern Finland, Finland · 12 investments in Estonia Internet startups

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.

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Investment focus

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

Investor stats

  • Total investments: 124
  • Round size: Seed $384k–$5.2M; Pre-Seed $106k–$1.3M; Series A $3.1M–$25M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: May invest from a new fund soon — raised $22M in 2021

Portfolio highlights

  • 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.
  • Oplane — Oplane AB is a cybersecurity startup that develops an AI powered platform for automated threat modeling for software development teams.
  • ReOrbit — Looking for a way to keep your data flowing in space? ReOrbit has you covered with our line of autonomous and inter-networking satellites!
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Tera Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 10 investments in Estonia Internet startups

Tera Ventures is an international investment firm based in Estonia.

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Investment focus

  • Industry: Software, E-Commerce, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Estonia, United States, United Kingdom

Investor stats

  • Total investments: 68
  • Round size: Seed $531k–$4.2M; Pre-Seed $120k–$2.2M; Series A $1.6M–$13M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • BlackWall — Protect your web site from hacking, content theft, crawling, and cloning!
  • Brainbase — Unified Licensing Management Software. Track and visualize brand performance, contracts, and royalties. Manage approvals, track deals, and spot contract violations.
  • 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.
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Specialist VC
VC Fund · Tallinn, Harjumaa, Estonia · 6 investments in Estonia Internet startups, 10 in the past 12 months

United Angels VC is an early stage venture capital fund based in Estonia.

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Investment focus

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

Investor stats

  • Total investments: 69
  • Round size: Seed $587k–$6.6M; Pre-Seed $240k–$2.2M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $55M in 2022

Portfolio highlights

  • Copla — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
  • CyberUpgrade — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
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Kristjan Vilosius
Angel · 4 investments in Estonia Internet startups

Kristjan Vilosius - Co-Founder and CEO @ Katana

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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

  • Eurora — Eurora develops an e-commerce suite of customs compliance tools.
  • Outvio — Online retailers of all sizes, from startups to large eCommerce champions, use Outvio to automate fulfillment and returns, optimise customer support, strengthen brand presence and facilitate marketing in the post-checkout phase.
  • Supliful — Supliful develops an online platform for users to create their own food supplement brand. It provides a catalogue of products, order form templates, online store fronts, shipping, and delivery services. Supliful has fulfilment facilities in Riga, Latvia and Denver, CO. Supliful is founded by a team of serial entrepreneurs who have successfullybuilt and exited an ecommerce company grafomap.com. You can read about it more at Business Insider - https://www.businessinsider.com/
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Creandum
VC Fund · Stockholm, Stockholms Lan, Sweden · 3 investments in Estonia Internet startups

We support early-stage founders in building global, category-defining companies. From Seed to IPO and beyond.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: Sweden, Germany, United States

Investor stats

  • Total investments: 276
  • Round size: Seed $1.8M–$16M; Series A $5.3M–$35M; Series B $8M–$80M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • unitQ — unitQ's product quality monitoring platform empowers businesses to take a data-driven approach to product quality so they can fix the right quality issues smarter and faster.
  • Pleo — Behind Pleo is the core belief to make everyone feel valued at work, driven by the mission to revolutionise business spending for forward-thinking teams everywhere - so things like a fun-to-use spend management app that automatically tracks work-related spending & generates expense reports, paired with the powerful tools businesses need tocreate full visibility and management of every penny spent.It was founded in 2015 by Jeppe Rindom and Niccolo Perra and is based in Copenhagen, Hovedstaden, Denmark.
  • Trade Republic — Trade Republic is a mobile-only and commission-free broker that brings the opportunity to invest easily. The company works as a broker for a new generation for a more mobile, more intuitive, faster - and permanently free of commission. Trade Republic was founded in 2015 and based in Berlin, Germany.
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ZAKA VC
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 3 investments in Estonia Internet startups

ZAKA Startups is a private pre-seed and seed venture capital company. It is focused on early-stage software driven investments across the whole EU with primary focus on CEE, DACH and Baltics. ZAKA operates primarily from Prague and Bratislava with scouts in Berlin and Baltic region.

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Investment focus

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

Investor stats

  • Total investments: 103
  • Round size: Seed $509k–$6.6M; Pre-Seed $250k–$1.8M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Yenmo — Unlock instant funds with India's best loan against mutual funds starting from 10.29% interest rate. Quick online approval, zero hidden charges, and no foreclosure fees.
  • Olio Labs — Olio Labs utilizes AI for combo therapeutics, optimizing and minimizing side effects through automated discovery of protein interactions.
  • Creasallis — Creasallis specializes in biotechnology, focusing on the development of innovative antibody engineering solutions. The company's flagship technology, CreaTap, enhances the penetration of antibody-based drugs into tumors, potentially increasing their efficacy. Creasallis leverages its expertise in structural and molecular biology to create moreeffective therapeutic solutions. The company has also been recognized in startup competitions, winning awards such as 50 EVOLVE Pipettes and accessories to support its research efforts.
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Superangel
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Estonia Internet 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: 78
  • Round size: Seed $767k–$6.6M; Pre-Seed $165k–$2.2M; Series A $5.3M–$20M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $35M in 2022

Portfolio highlights

  • ROCSYS — Meet the world's first autonomous charging solution for electrical vehicles in public transportation, logistics, material handling, and passenger cars.
  • Grünfin — Grünfin is a sustainable investing platform for people who care about their impact.
  • 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.
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Jaan Tallinn
Angel · Tallinn, Harjumaa, Estonia · 3 investments in Estonia Internet startups

Jaan Tallinn is the Co-Founder of the Centre for Study of Existential Risk and Future of Life Institute.

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Investment focus

  • Industry: Software, Artificial Intelligence, Internet
  • Stage:Seed, Series A
  • Geography: United States, Estonia, United Kingdom

Investor stats

  • Total investments: 64
  • Round size: Seed $531k–$15M; Series A $3.3M–$124M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • ZaiNar — ZaiNar leverages patented digital signal processing techniques to locate radio devices in 3D with meter-level accuracy.
  • Lightyear — Lightyear is a simple and approachable way to invest your money globally without unnecessary barriers and fees.
  • Blueprint Bryan Johnson — On the surface, Blueprint may seem something about health, wellness and aging. It's really a system to make tomorrow better for you, me, the planet and our shared future with AI.
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Lemonade Stand
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Estonia Internet startups

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.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: Estonia, Lithuania, India

Investor stats

  • Total investments: 43
  • Round size: Seed $1.1M–$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 enables renewable energy producers to earn additional income through an automatic guarantee of the origin trading system.
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Geekchester
VC Fund · 3 investments in Estonia Internet startups

Product Engineering Outsource company and Investments

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Investment focus

  • Industry: Sports, Social Media
  • Stage:Angel
  • Geography: Estonia

Investor stats

  • Total investments: 3
  • Round size: Angel $29k–$29k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Athlon Chat — Mobile platform that democratises the arena experience, allowing people to compete globally in a wide range of sports
Show all investments...

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Ambient Sound Investments
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Internet startups

Ambient Sound Investments (ASI) was established in 2003 as an equal partnership by four founding engineers at Skype to hold a minority stake in Skype. At the end of 2005 ASI sold its Skype shares to eBay and now operates as a private investment vehicle.

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Investment focus

  • Industry: Internet, Software, E-Commerce
  • Stage:Seed, Series A
  • Geography: Estonia, United States, United Kingdom

Investor stats

  • Total investments: 31
  • Round size: Seed $200k–$3.7M; Series A $527k–$3.7M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Pomelo Fashion — Shop the latest fashion at POMELO fashion. Designed and manufactured in house for quality and style. Dresses, tops, knits, jackets, denim, accessories and more!
  • KappaZeta — KappaZeta provides services for interpreting radar satellite data to assist farmers in increasing profitability and improving the quality of agricultural products.
  • Ampler Bikes — Ampler is a light electric bike for everyone who seeks freedom and adventure in their daily routines and commutes. No heavy batteries, bulky screens or other clutter. We combine modern technology with a traditional bicycle design to make pedalling easier, lighter and faster. Our vision is to offer emotive zero-emission commuting for everyone.Since 2016, Ampler has grown from a small bicycle startup into a committed e-bike company with a large international team and showrooms in Berlin, Cologne, Amsterdam, Zurich and Tallinn. Our lightweight e-bike models Curt, Stout and Stellar have won multiple awards and are being used every day by over 10,000 happy riders all over Europe.Our team spirit, mission, values and production principles are still the same as on the early days of Ampler. All our bikes are designed with the highest attention to details and are hand-assembled in our factory in Tallinn, Estonia.
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Prototron
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Internet startups

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.

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Investment focus

  • Industry: Software, Manufacturing, Internet of Things
  • Stage:Pre-Seed, Grant, Seed
  • Geography: Estonia, Finland, Germany

Investor stats

  • Total investments: 55
  • Round size: Seed $4k–$13k; Grant $3k–$27k; Pre-Seed $6k–$27k
  • Lead/follow: 75% lead, 25% follow

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.
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Magnus Capital
VC Fund · 2 investments in Estonia Internet startups

Magnus Capital is a crypto investment firm.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Pre-Seed
  • Geography: United States, India, Estonia

Investor stats

  • Total investments: 64
  • Round size: Seed $1.5M–$7.7M; Pre-Seed $360k–$1.5M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Spicenet — Spicenet enables universal access to the top DeFi venues across all networks, creating better financial outcomes for all.
  • Real Finance — Real Finance is driven by the mission to revolutionize the financial landscape by integrating real-world assets with blockchain technology, creating a more transparent, secure, and efficient ecosystem that bridges traditional finance with decentralized innovation, enhances asset liquidity, and unlocks new opportunities for global investors.
  • WorkQuest — About WorkQuest WorkQuest is a decentralized employment and workforce automation protocol enabling employers and workers to collaborate through smart contracts, stablecoin payments, AI matching engines, and on-chain reputation scoring. The platform transforms global employment into a transparent, verifiable, and borderless digital labor economy.
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Hive Hatch
VC Fund · Greenwich, Connecticut, United States · 2 investments in Estonia Internet startups

Hive Hatch, a venture capital firm and studio, invests financial, human, and social capital in early stage founders to help them validate, build, and launch their SaaS startups.

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Investment focus

  • Industry: Software, SaaS, Retail
  • Stage:Pre-Seed, Seed, Series B
  • Geography: United States, Mexico, Estonia

Investor stats

  • Total investments: 15
  • Round size: Seed $120k–$1M; Pre-Seed $1.5M–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Pacto — Pacto provides technology to restaurants and bars in order to improve the customer experience and accelerate business growth. It seeks to be a catalyst for financial inclusion for small and medium-sized food and beverage companies by integrating them into digital commerce through technology-based solutions.
  • ILUMA — ILUMA is building the autonomous solution to onboard, manage, engage and support the next 1M DAO communities in web3.
  • Pacto — Presentamos Pacto, tu nueva forma de pedir y pagar en restaurantes.
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Mike Oliinyk
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Internet startups

Mike Oliinyk is a VP of Product at Montonio

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Investment focus

  • Industry: Robotics, Navigation, 3D Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • C2Grid — C2Grid delivers AI-powered 3D situational awareness by transforming video into interactive, multi-layered intelligence. Its technology enhances tactical and operational visibility, accelerates decision-making, and improves mission outcomes. Designed for both military and civilian use, C2Grid’s solutions save time, boost efficiency, and ultimatelyprotect lives.
  • 10Lines — Explore cutting-edge pavement marking robots for faster, autonomous striping and significant CO2 reduction. Contact us now!
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Butterfly Ventures
VC Fund · Oulu, Oulu, Finland · 2 investments in Estonia Internet startups

Butterfly Ventures is a seed-stage focused VC in the Nordics, investing in deep tech, hardware, and hardware interfacing software. The company prefers to get involved with companies early on; 80% of Butterfly Ventures portfolio companies don't have any revenue at the time of their entry. Butterfly Ventures was founded in 2012 and ever sincethen it has been one of the most active early stage VCs in the region. The company has offices in Oulu, Helsinki and Stockholm.

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Investment focus

  • Industry: Health Care, Software, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Sweden, Norway

Investor stats

  • Total investments: 87
  • Round size: Seed $373k–$2.1M; Pre-Seed $110k–$4.3M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Zenniz — Zenniz is an ITF approved game tracking solution that provides real-time info, such as automated line calling, stroke and serve speeds, shot charts, match statistics and more. Players and coaches at all levels can use Zenniz on and off the court to help improve their game. For tennis clubs, Zenniz is an easy and cost-effective way to upgrade to thenext level. Due to a new, innovative sensor technology, they’ve been able to keep the cost to a minimum, making Zenniz accessible for all clubs, coaches and players.
  • CooliBlade — Superior power electronics cooling solutions for applications like solar and wind energy, energy storage, EV charging and telecommunications.
  • Polar Light Technologies — Polar Light Technologies focuses on developing the next generation of Nano and micro LED technology.
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Karista
VC Fund · Paris, Ile-de-France, France · 2 investments in Estonia Internet startups

Karista is an early-stage venture capital firm created in 2001 investing in Health, Digital, Tech, and NewSpace.

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: France, United States, Finland

Investor stats

  • Total investments: 150
  • Round size: Seed $713k–$6.5M; Series A $1.2M–$23M; Series B $2.5M–$33M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • CYSEC — Secure your sensitive data in the cloud and in the edge with ARCA Trusted OS and open the door to innovation with confidential computing.
  • Tricares — TRiCares is a medical device company, devoted to developing a catheter-based valve replacement system for minimal invasive treatment of tricuspid valve regurgitation.
  • Acticor Biotech — Acticor Biotech is a biopharmaceutical company developing an innovative drug for the treatment in the acute phase of ischemic stroke. Acticor Biotech’s project stems from the sheer need for new therapeutic options to manage stroke. According to the World Health Organization, 15 million people suffer stroke worldwide each year. Of these, 5 milliondies and another 5 million are permanently disabled. Stroke is the third cause of death in the world and the leading cause of death among women. It is also the first cause of adult acquired disabilities resulting from the neurological damages sustained by 75% of the survivors. However, only one treatment is presently recommended by health authorities and is it estimated that only 15% of ischemic stroke patients are treated with it, with less than 40% efficacy. So while this treatment is very useful for ischemic stroke, a major need for a new treatment capable of effectively treating a majority of ischemic stroke patients remains.Acticor Biotech was founded in November 2013 and is headquartered in Paris, France.
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Parallax Ventures
VC Fund · São Paulo, Sao Paulo, Brazil · 2 investments in Estonia Internet startups

Founded in 2018, Parallax Ventures is a Fintech-focused top quartile Venture Capital firm that focuses on early-stage investments, baking best-in-class entrepreneurs in the Financial Services industry. The firm invests in Fintechs across all subsectors of Financial Industry, including Open Finance, FMI, Exchanges, BaaS, IaaS, B2B SaaS,Blockchain/Web3, Credit, Wealth Management tech, and Productivity, among others. Parallax has invested in Fintechs in Brazil, USA, and Europe.

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Investment focus

  • Industry: FinTech, Financial Services, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: Brazil, Estonia, United States

Investor stats

  • Total investments: 19
  • Round size: Seed $1.5M–$5.9M; Series A $15M–$15M; Series B $8M–$21M
  • Lead/follow: 68% lead, 32% follow

Portfolio highlights

  • ASAAS — Asaas helps individuals and companies automate financial processes and improve their relationship with customers. It brings in a single place, sending invoices, automation of communication through different channels, and receivable management. It’s possible to receive payments through bank payment slip, credit, and debit, send transfers, pay bills,anticipate receivables and NFS-e. It’s also connected to a credit card to withdraw from ATMs. Much more than a bank account, it drastically reduces manual work in administrative tasks and reduces the default rate, improving the customer’s cash flow.
  • Klavi — Klavi specializes in data analytics and open data connectivity that receives data securely, quickly, and scalable through a single API.
  • CAF — We are specialists in combating identity theft and people trying to impersonate others.
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Andrus Purde
Angel · 2 investments in Estonia Internet startups

Experienced startup marketer. Co-founder and CEO of Outfunnel. Skype and Pipedrive alumni. Angel investor.

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Investment focus

  • Industry: Software, Apps, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Estonia, United Kingdom, Cyprus

Investor stats

  • Total investments: 11
  • Round size: Seed $100k–$2.7M; Pre-Seed $830k–$2.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Jatri — Jatri is a public transport journey planner, digital ticketing and mobility marketplace, driving productivity by helping drivers to offer reliable transport to the commuters through our state-of-the-art technology.
  • 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.
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Markus Villig
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Internet startups

Markus Villig is founder and CEO of Taxify. He attended University of Tartu.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Estonia, United States, United Kingdom

Investor stats

  • Total investments: 28
  • Round size: Seed $1.1M–$3.5M; Pre-Seed $230k–$3.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Adam — Adam connects you with verified painters and decorators across whole Europe. Get an instant price estimate and book a painter for the next day already!
  • BirdyChat — BirdyChat is a Developer of a work chat application intended for work professionals.
  • ScamGuardian.AI — Providing Actionable Intelligence to Stop Scams
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BADideas.fund
VC Fund · 2 investments in Estonia Internet startups, 10 in the past 12 months

BADideas.fund backs bold founders from the Baltics and CEE with fast, founder-friendly funding. Led by a community of unicorn builders, we support early-stage B2B and marketplace startups with global ambition.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Grant
  • Geography: Estonia, Latvia, Lithuania

Investor stats

  • Total investments: 38
  • Round size: Seed $540k–$4.6M; Pre-Seed $110k–$1.3M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Tapaya — Tapaya is a fintech infrastructure company that provides payment acceptance software designed to turn any device into a payment terminal.
  • Spotwise.ai
  • WhiteBridge AI — Whitebridge.ai will find everything about you online and provide you with a report. Check your online reputation or research people using AI. We help transform scattered online data into a coherent narrative of a your digital identity so that you can safeguard your reputation, understand prospects, prepare for pitches, hire wisely, and verify authenticity.
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Triin Hertmann
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Internet startups

Triin Hertmann is based out of Tallinn, Harjumaa, and is the President of Estonian Founders Society. Triin previously worked at Ekspress Grupp as a Member of The Supervisory Board. Triin Hertmann attended the Tallinn University. Triin Hertmann has been certified in the Chair Education Program.

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Investment focus

  • Industry: E-Commerce, FinTech, Software
  • Stage:Seed, Pre-Seed
  • Geography: Estonia

Investor stats

  • Total investments: 9
  • Round size: Seed $1.8M–$2.7M; Pre-Seed $143k–$531k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Yaga — Yaga is an online selling and shopping platform for new and preloved fashion. Buy preloved clothing safely or open your own shop and sell. Find unique second hand clothes, earn extra money and help save the Planet.
  • Grünfin — Grünfin is a sustainable investing platform for people who care about their impact.
  • Parcelsea — Parcelsea is a technology firm that provides e-commerce users and last-mile delivery service providers with an open network platform. The goal is to create a smart mailbox that is user-friendly and secure for everyone.
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Monolith
VC Fund · Dubai, Dubai, United Arab Emirates · 2 investments in Estonia Internet startups

Monolith is a venture capital firm that finances and promotes innovative Web3 startups. Our fundamental beliefs are impact and innovation. Our goal is to find and assist ground-breaking Web3 companies and revolutionary AI technologies, as well as to positively impact entire sectors by advising and strategically investing in forward-thinkingbusiness owners.

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Investment focus

  • Industry: FinTech, Blockchain, Cryptocurrency
  • Stage:Seed, Initial Coin Offering
  • Geography: United States

Investor stats

  • Total investments: 16
  • Round size: Seed $1.2M–$80M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Kontos — Kontos is a blockchain infrastructure company specializing in a zk‑powered omnichain account protocol.
  • Grass — Grass is an online community that offers reward for people who provide unused internet for AI developers and enthusiasts.
  • Engines of Fury — Scavenge, survive, build & thrive. F2P post-apocalyptic top-down extraction shooter, powered by a single deflationary token $FURY & NFTs.
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Global Founders Capital
VC Fund · Berlin, Berlin, Germany · 2 investments in Estonia Internet startups

Over the past two decades, GFC have backed over five hundred entrepreneurs worldwide, e.g. Facebook, LinkedIn, Slack, and Away Travel.

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Investment focus

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

Investor stats

  • Total investments: 842
  • Round size: Seed $1.5M–$8.5M; Pre-Seed $637k–$5M; Series A $4M–$32M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: May invest from a new fund soon — raised $2B in 2018

Portfolio highlights

  • Finbits — Fintech company formed by co-founders with digital product background. The startup is solving major financial problems faced by entrepreneurs in LatAm: time wasted with non-core activities and difficult access to financial products. Finbits is developing an all-in-one finance solution for LatAm SMB. This new solution saves 80% of back-office costsand allows users access to financial products. This new financial OS integrates bank accounts, payment means, third-party ERP, and accounting software already available in the ecosystem. The new platform leverages modern technology and a data driven architecture to provide intelligent insights and financial products.
  • Musa — Musa is a smart city solution providing a platform that efficiently connects waste generators, haulers, and recyclers. Our mission is to guarantee that all waste becomes raw material directed to a productive chain of reuse. This is what connects us, a world without waste where everything can be reused. We want to transform the waste managementindustry by leveraging technology and developing new business models ensuring economic, social, and environmental impact.
  • Membrane — Membrane is AI for product integrations. Describe what you need, watch integrations build, test and maintain themselves.We exist to let any product connect to any other reliably, safely, and at scale, by turning intent & customer needs into integrations with AI.Our platform offers the state-of-the-art solution in the AI Age for productintegrations:Membrane Agent builds integrations for one or multiple apps at once, choosing correct API calls, field mappings, and data structuresMembrane Engine is the configurable infrastructure that you or any agent can play with. It contains actions, events/webhooks, flows, data collections, unified API models, field mappings, and schemas & more used to build and maintain integrations at scale.Membrane Packages - integration code that is purpose built for your use case, that you can deploy in your IDE.Membrane is used by 100+ B2B SaaS companies like Constant Contact, PandaDoc, Dialpad, Storyblok & many others as their preferred integration partner
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TMT Investments
VC Fund · St. Helier, NA - Jersey, Jersey · 2 investments in Estonia Internet startups

TMT Investments PLC invests in high-growth technology companies across a number of core specialist sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has invested in over 65 companies to date. The Company’s objective is to generate an attractive rate of return for shareholders,predominantly through capital appreciation. The Company is traded on the AIM market of the London Stock Exchange. www.tmtinvestments.com.

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Investment focus

  • Industry: Software, SaaS, Social Media
  • Stage:Seed, Series A
  • Geography: United States, Estonia, United Kingdom

Investor stats

  • Total investments: 107
  • Round size: Seed $250k–$4.1M; Series A $1.5M–$10M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $60M in 2017

Portfolio highlights

  • Backblaze — Backblaze is a pioneer in robust, scalable low cost cloud backup and storage services. Personal online backup to enterprise scale data storage solutions.
  • Rhino — First-class armored rides
  • Global Work — Explore 500k+ verified remote, hybrid, and local jobs worldwide. Find your ideal role, compare opportunities, and apply on globalwork.ai!
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Thomas Wolf
Angel · 2 investments in Estonia Internet startups, 36 in the past 12 months

Thomas Wolf is the Chief Science Officer at Hugging Face. He previously worked at Cabinet Plasseraud as a European Patent Attorney. Thomas Wolf studied at Pierre and Marie Curie University studying Statistical / Quantum Physics.

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Investment focus

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

Investor stats

  • Total investments: 52
  • Round size: Seed $3M–$50M; Pre-Seed $799k–$5.5M; Series A $15M–$100M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Mkind — Mkind builds intelligent robots for high-mix manufacturing, developing advanced automation solutions that can adapt to diverse production requirements, improve operational efficiency, and support manufacturers in handling complex, low-volume, and frequently changing product lines.
  • Zaro — Zaro is a workspace platform that brings AI agents and apps together in one place to automate repetitive business tasks and accelerate important work. The company deploys AI agents that handle real tasks while connecting the apps teams already rely on, enabling operations to scale without scaling headcount. Everything runs on a simple credit-basedmodel where customers only pay for what they use, and users can start free. Zaro enables modern teams to automate busywork, automate the repetitive, and focus on work that moves the business forward. The platform turns AI from a buzzword into something teams use daily for running their business operations.
  • Macrodata Labs — Macrodata Labs is a technology company that provides data infrastructure for the artificial intelligence and robotics industries.
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EstBAN
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Internet startups

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

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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 $212k–$1M; Pre-Seed $197k–$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 Technologies is a Finnish deep-tech energy that creates renewable supercapacitors using only nanocellulose, biocarbon, and water, eliminating the need for mining entirely.
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Alvar Lumberg
Angel · 2 investments in Estonia Internet startups

Alvar Lumberg

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Estonia

Investor stats

  • Total investments: 12
  • Round size: Seed $587k–$2.4M; Pre-Seed $321k–$2.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Yaga — Yaga is an online selling and shopping platform for new and preloved fashion. Buy preloved clothing safely or open your own shop and sell. Find unique second hand clothes, earn extra money and help save the Planet.
  • Parcelsea — Parcelsea is a technology firm that provides e-commerce users and last-mile delivery service providers with an open network platform. The goal is to create a smart mailbox that is user-friendly and secure for everyone.
  • ScamGuardian.AI — Providing Actionable Intelligence to Stop Scams
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Angel Invest
VC Fund · Frankfurt, Hessen, Germany · 2 investments in Estonia Internet startups

Angel Invest is one of Europe's most active angel funds

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany, United Kingdom, United States

Investor stats

  • Total investments: 162
  • Round size: Seed $1.6M–$6.8M; Pre-Seed $530k–$3.2M; Series A $4.7M–$21M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Modeinspect — acreom is the integrated markdown knowledge base with tasks. Your personal daily driver for your dev workflow.
  • Ivy — We are building a global API for instant bank payments
  • Causa Prima — Causa Prima develops software to help finance teams handle both sides of every transaction on one network. The company's AI agents handle invoicing, disputes, and discounts on behalf of clients. It provides a network for the financial operations of businesses.
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Priit Kasesalu
Angel · 2 investments in Estonia Internet startups

Priit is heavily involved in assessing all of ASI's new technology investments.Before ASI, Priit played an integral role in developing Kazaa and later Skype; indeed, he continues to work at Skype as a core library developer.While cryptography and data communication are his areas of expertise, his other passion is computer gamedevelopment. Together with Ahti and Jaan, he wrote the first Estonian commercial computer game, Kosmonaut.When he isn't using his innate ability to solve complex technical problems, Priit enjoys good company, gourmet restaurants and biking.He holds a degree in automation and system technology from Tallinn University of Technology.

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Investment focus

  • Industry: iOS, Apps, Email
  • Stage:Seed
  • Geography: Estonia

Investor stats

  • Total investments: 2
  • Round size: Seed $276k–$382k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Fleep — Fleep is a web, Android, iOS, Mac and Windows app that wants to bridge the gap between ‘reply all’-style group email and enterprise messaging/IM services.Founded by ex-Skypers, Fleep is a messaging service that fills the gap between email and various IM/texting services. They take email’s ability to contact anyone and marry it withreal-time messaging.They are based in Estonia, with offices in Tallinn and Tartu. Their services are hosted on Amazon EC2 in Dublin, Ireland.
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Internet 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: 64
  • Round size: Seed $500k–$4.5M; Pre-Seed $273k–$2.2M; Series A $1M–$33M
  • Lead/follow: 55% lead, 45% 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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Elias Aalto
Angel · Helsinki, Southern Finland, Finland · 2 investments in Estonia Internet startups

Elias Aalto is Wolt's Advisor and a Co-Founder before that.

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Investment focus

  • Industry: Internet, Health Care, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Finland, Sweden, Estonia

Investor stats

  • Total investments: 11
  • Round size: Seed $430k–$10M; Pre-Seed $525k–$799k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Cluby — Cluby is a technology platform that provides restaurants with the best tools for managing and communicating with loyal consumers.
  • 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.
  • Operating — Operating is a SaaS platform for resource management, project staffing, time tracking, and capacity forecasting for consulting and professional services teams.
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Insta Ventures
VC Fund · Limassol, Limassol, Cyprus · 2 investments in Estonia Internet startups

Insta Ventures is a venture capital firm that has been investing in different IT technology sectors since 2019. Currently, we are looking for tech startups that are in the early stages of development of their products. Our investment team consists of experienced professionals with solid backgrounds in the IT sphere. Our goal is to help ambitiousteams create innovative products, spread them globally, and maintain fast-growing companies.Typically, we invest $100K-500K during a growing stage of a company's lifecycle (seed / late seed / pre-round A), and then help to develop its marketing and sales, as well as prepare the company for the next investment phase.We appreciate co-investments. Let's invest together!

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Investment focus

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

Investor stats

  • Total investments: 21
  • Round size: Seed $550k–$5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Nim — Generate videos with state-of-the-art models, templates, and inspiration feed. Text-to-image, image-to-video, restyle, lip sync, upscale, and more
  • RedTrack.io — RedTrack.io offers real-time access to your media buying KPIs/data: ad tracking, impressions, clicks, conversions across multiple channels & 30 data points.
  • HuLoop Automation, Inc. — HuLoop Automation offers an AI-powered, no-code, unified automation platform that helps clients drive transformation, and achieve revenue growth, cost savings, and productivity gains by automating mundane, repetitive activities.
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Acton Capital
VC Fund · München, Bayern, Germany · 2 investments in Estonia Internet startups

Since 1999, Acton Capital invests in tech-enabled business models to create value for the long run. We support world-class teams on their way to market leadership.

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Investment focus

  • Industry: E-Commerce, Internet, Software
  • Stage:Series A, Series B
  • Geography: Germany, United Kingdom, Canada

Investor stats

  • Total investments: 127
  • Round size: Series A $4.2M–$17M; Series B $8.5M–$35M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $263M in 2023

Portfolio highlights

  • Semeia — Semeia provides software that helps in medical follow-up and consultation.
  • HomeToGo — Booking the perfect vacation rental is quick and easy, no matter your destination. Find millions of offers from thousands of partners all at the best prices.
  • Jupus — As the first legal AI secretary in Europe, JUPUS automates the entire process from initial client contact to the complete file. Lawyers are supported by an AI chatbot, an online appointment booking tool, and an AI platform that automatically collects and processes inquiries, information, and documents, facilitating automated communication withclients.
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LIFT99
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Internet startups

LIFT99 is a coworking hub and network of startup founders in Tallinn, Estonia, and Kyiv, Ukraine. In 2018, we launched our Skillsharing Platform for founders around the world.

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Investment focus

  • Industry: Software, Information Technology, Legal
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Estonia, United Kingdom, El Salvador

Investor stats

  • Total investments: 10
  • Round size: Seed $800k–$1.1M; Pre-Seed $300k–$1.5M; Series A $7.7M–$12M
  • Lead/follow: 20% lead, 80% 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.
  • AXDRAFT — Automate contracts with AXDRAFT.
  • Legal Nodes — Offload your legal tasks to a virtual legal department and get on with running your business. Get started with the Legal Nodes platform for free.
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Sten Tamkivi
Angel · San Francisco, California, United States · 2 investments in Estonia Internet startups

Sten Tamkivi is the Chief Product Officer at Topia (formerly MOVE Guides). He was previously co-founder and CEO of Teleport (acquired by Topia), the place to scout for startup people. He co-founded the company as an EIR at Andreessen Horowitz.Sten has been a tech entrepreneur since 1996. After founding a few companies in Estonia, he joined Skypeas an early executive, ran the original R&D office, and held several global product leadership roles for 8+ years.He has an MS in Management from Stanford GSB.

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Investment focus

  • Industry: Software, Artificial Intelligence, Manufacturing
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Estonia, United States, United Kingdom

Investor stats

  • Total investments: 46
  • Round size: Seed $540k–$20M; Pre-Seed $120k–$2.2M; Series A $7.1M–$35M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
  • Katana — Katana gives thousands of manufacturers a live look at their business with visual, intuitive, and easy-to-use ERP software.
  • Entrepreneurs First — We turn exceptional individuals into funded founders. We back you first, then give you a bridge to Silicon Valley.
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Trind Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Internet startups

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.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Finland, Estonia, Spain

Investor stats

  • Total investments: 44
  • Round size: Seed $549k–$4.9M; Series A $5.5M–$15M; Venture - Series Unknown $692k–$6.7M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — raised $27M in 2018

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.
  • GitHits — GitHits gives AI coding agents access to open-source code
  • Bahn Express — Bahn Express is a global car transportation company that supports independent contractors while offering quick and easy auto shipping throughout Europe.
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Apostolos Apostolakis
Angel · Athens, Attiki, Greece · 1 investments in Estonia Internet startups

Diane leads the bank's credit department, providing guidance and leadership to help maintain the quality of the loan portfolio through credit information and loan policies and procedures.

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Investment focus

  • Industry: E-Commerce, Health Care, FinTech
  • Stage:Seed, Series A
  • Geography: Greece, United States, United Kingdom

Investor stats

  • Total investments: 29
  • Lead/follow: no public data

Portfolio highlights

  • HairRemoval.co.uk — HairRemoval UK is an international recognized company that is specialized in laser hair removal treatments.
  • Packhelp — Packhelp makes it easy for anyone to create, order and manage fully custom-branded packaging. It connects customers with the most suitable production possibilities, offering them a broad range of packaging products. Packhelp covers everything from local deliveries of small quantities to global procurement of large volumes, with Packhelp Studio – anonline editor for small businesses, instantly purchasable products and orders from 30 pieces, and Packhelp Plus, which helps mid-market companies scale their packaging needs. Founded in 2015, Packhelp currently serves 50,000 customers from over 30 countries. The list of customers includes brands recognized worldwide, like BMW, H&M, Google, L’Oreal, T-Mobile, Uber, Bolt and Wrangler, and many of the local champions from Europe.
  • Kriptomat — Buying, trading, and investing in cryptocurrencies has never been easier! Register in seconds, and start trading crypto in minutes on Kriptomat.
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Anton Borzov
Angel · Palo Alto, California, United States · 1 investments in Estonia Internet startups

Anton Borzov is the Product Designer at Neeva.

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Investor stats

  • Total investments: 7
  • Lead/follow: no public data

Portfolio highlights

  • Liki24 — Liki24 is a logistics company that features a software platform that utilizes deep integration with partner pharmacies, clinics, and insurance companies. Its software is designed for logistics team coordination, task management, and data management.
  • 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.
  • Puma Browser — Puma is a mobile browser and wallet for the Web3 ecosystem. Private by design. Today, we enable seamless payments for creators, app & game developers via Coil and ILP protocol and access to HNS & ENS domains. Long term, our goal is to give 1b people access to Web3 world, DeFi, the peer to peer and ownership based economy.
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Dnipro VC
VC Fund · Palo Alto, California, United States · 1 investments in Estonia Internet startups

Based in the heart of Silicon Valley we provide capital and support to exceptional global founders who push the boundaries of AI and Cybersecurity.

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Investment focus

  • Industry: SaaS, Software, Information Technology
  • Stage:Seed

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • 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.
  • PeopleForce — PeopleForce is one of the BEST and fastest growing online HR Software service provider, we consist​ of highly qualified and experienced members with dedicated team. we love the fact that our solution and software is making HR service more convenient and easy for our customer. Our Product Include Applicant Tracking Software: Our service help youfind the right person more faster and easier Staff Onboarding: Every phase of onboarding process with a new employer is important. By using our onboarding software you will increase employee retention and save more money and stress. Leave tracking: Leave tracking will help you to easily record leave for holidays, vacations, half-day etc.Electronic signatures: Tool to sign your documentHR Reporting: This prove report on all employee on annual salary and current employment status with date range.Performance management: Measure the effective and efficient manner to employee process that enhances your employee’s performance through aligned goals and development. employee directory: Employer master database, thus providing all the information about employee. Custom workflows: Design a custom workflow to fit your organization needs. At PeopleForce , we understand the difficulties in getting the best hands. We also understand the necessity to use good and reliable software and service. We're here to help all of our customers and their unique needs. PeopleForce we “OFFER THE BEST”
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Iron Wolf Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 1 investments in Estonia Internet 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, Infrastructure, Manufacturing
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Lithuania, Estonia, United Kingdom

Investor stats

  • Total investments: 35
  • Lead/follow: no public data

Portfolio highlights

  • Repsense — Reputation management software - Repsense is AI powered online reputation management service that helps you track your reputation.
  • RedTrack.io — RedTrack.io offers real-time access to your media buying KPIs/data: ad tracking, impressions, clicks, conversions across multiple channels & 30 data points.
  • 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.
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Supernode Global
VC Fund · London, England, United Kingdom · 1 investments in Estonia Internet startups

An early-stage venture capital fund investing in Consumer and B2B technologies that meaningfully enhance our personal and professional lives.

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Investment focus

  • Industry: Software, Media and Entertainment, Virtual Reality
  • Stage:Seed, Pre-Seed
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 34
  • Lead/follow: no public data

Portfolio highlights

  • Graswald — Graswald engages in the creation of natural and digital 3D worlds for the entertainment industry.
  • Passionfroot — A workspace where you can manage your creator business and organise your finances so that you can optimise your creator-work-life balance.
  • 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.
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Alistair Owen
Angel · London, England, United Kingdom · 1 investments in Estonia Internet startups

Apostolos is a serial entrepreneur turned investor. He started his career at Boston Consulting Group where he spent 2 years consulting businesses. On his entrepreneurial path, he has co-founded e-shop.gr, Openfund, e-food, doctoranytime and was a key investor in Taxibeat. Since 2010 he has invested and supported a large number of startups with afocus on e-marketplaces and SaaS. He studied civil engineering at NTUA and holds an MBA from Columbia Business School.

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Investment focus

  • Industry: E-Commerce, Health Care, Marketplace
  • Stage:Seed, Series A
  • Geography: Greece, United Kingdom, Poland

Investor stats

  • Total investments: 20
  • Lead/follow: no public data

Portfolio highlights

  • Kriptomat — Buying, trading, and investing in cryptocurrencies has never been easier! Register in seconds, and start trading crypto in minutes on Kriptomat.
  • pod network — Pod network is a new L1 primitive that is blockless, leaderless and relaxes the notion of transaction total ordering. It is incubated by Common Prefix.
  • Albatross AI — Inspire Customers Boost Conversions Capture Missed Revenues
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John Tsioris
Angel · 1 investments in Estonia Internet startups

John Tsioris is the CEO at InstaShop.

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Investment focus

  • Industry: Travel, Internet, Blockchain
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Greece, Estonia

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • Kriptomat — Buying, trading, and investing in cryptocurrencies has never been easier! Register in seconds, and start trading crypto in minutes on Kriptomat.
  • Pandas — We are Green Panda and our mission is to give consumers the most value out of their smartphone with zero hassle, by empowering them to sell/trade it in the fastest, safest, and easiest way possible. 1Bn (with a B!) smartphones stop being used, every year after you upgrade to the latest and greatest. But there is a solution as simple astrading them in and getting paid while participating in the circular economy. So, why aren’t people selling their old phones, we wondered? This is where Green Panda comes in. Inspired by humans and powered by tech, we make sure that the frustrating experience of selling your smartphone is now as quick and easy as using a kiosk near you. Our patented A.I. technology in the Green Panda kiosks allows us to evaluate a smartphone’s condition, from the smallest nick to serious technical issues, with unprecedented accuracy. Oh, and we pay users on the spot, straight to their bank account/credit card.
  • Welcome Pickups — Book a trusted local driver to pick you up and introduce you to your next destination, pre-order travel essentials.
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Everywhere Ventures
VC Fund · New York, New York, United States · 1 investments in Estonia Internet startups, 12 in the past 12 months

Everywhere Ventures (fka "The Fund") is a first-of-its-kind early-stage venture fund created ​by founders for founders​ to support the next generation of entrepreneurs.Everywhere Ventures is a community-powered venture investing platform that integrates the capital, expertise, and mentoring of experienced founders and operators acrossten micro funds. The Fund's $70M+ under management comes almost exclusively from the over 500 founders and operators who are its limited partners. Everywhere Ventures operates from the belief that those who have actually built successful companies are best suited to advise and support early-stage startups. Everywhere Ventures invests in pre-seed deals globally usually in the first financing round the company raises. Emphasis is placed on purpose-driven teams across money, health and work verticals.

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Investment focus

  • Industry: Software, Health Care, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 216
  • Lead/follow: no public data

Portfolio highlights

  • VOW — Meet Quick, a purpose-built Webflow template to promote SaaS and software apps without writing code. Its pre-built content will help you get your website up and running in no time at all.
  • Fusepay — Modern Finance & Payments for Indian Ocean Islands
  • Outfox Health — Healthcare answers quick as a fox
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Nomad Capital
VC Fund · 1 investments in Estonia Internet startups

Nomad Capital is a seed stage fund that invests in emerging companies that are developing marketplaces and B2B software.

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Investment focus

  • Industry: Software, SaaS, Apps
  • Stage:Seed, Pre-Seed
  • Geography: Canada, Estonia, United States

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • Peggy — Peggy is a social marketplace that allows you to discover, buy, and sell investment-worthy art. A place for the art-curious and the art-expert, for the art gallery and artist. A new way forward for the art world.
  • UserHub — The quickest way to add Billing & Seat Management features to your SaaS product. A User Based Billing Platform compatible with Stripe Billing, Auth0, Google Firebase, and more.
  • Capitol AI — Capitol uses the power of AI & Design to make better, faster decisions with data.
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Tiny VC
VC Fund · San Francisco, California, United States · 1 investments in Estonia Internet startups, 23 in the past 12 months

Backing great companies when they're tiny

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Germany, United States

Investor stats

  • Total investments: 121
  • Lead/follow: no public data

Portfolio highlights

  • Briefly Bio — The tool to make your lab work reproducible. Capture and share your lab work, clearly and consistently.
  • bunch — bunch is the operating system (OS) for private market investing, handling digital entity creation, seamless investor onboarding and portfolio management. The company's platform focuses on saving time, money and mental energy by eliminating legacy intermediaries, overwhelming regulatory complexity, and low-tech administration.Operating acrosslegal structures, asset classes and jurisdictions allows bunch to fully unlock private markets for everyone, enabling businesses and investors to make private markets easy, cost-efficient and fast.
  • Solideon — Additive Space Technologies uses additive manufacturing systems, a machine-learning collaborative system for building vehicles and infrastructure on Earth, the Moon, or Mars.
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Intel Capital
VC Fund · Santa Clara, California, United States · 1 investments in Estonia Internet startups, 24 in the past 12 months

Intel Capital is uniquely positioned to help build the companies of tomorrow. Our investment team is backed with deep domain knowledge and the resources of Intel to assist companies in their paths to success.

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Investment focus

  • Industry: Software, Information Technology, Enterprise Software
  • Stage:Series B, Series A, Series C
  • Geography: United States, China, Israel

Investor stats

  • Total investments: 853
  • Lead/follow: no public data

Portfolio highlights

  • Eliyan — Ultimate Chiplet Systems at a fraction of total cost of ownership. Without the downsides of advanced packaging, you achieve higher number of cores, compute performance, test coverage, and yield.
  • Bria — Bria is a Computer Software company.
  • Figure — Figure is the first-of-its-kind AI robotics company bringing a general purpose humanoid to life.
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Sienna Networks
VC Fund · 1 investments in Estonia Internet startups

Sienna is a privacy-first and cross-chain decentralized finance platform where you can privately swap, lend and convert your tokens into their private equivalent. ‍

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Investment focus

  • Industry: Apps, Privacy, Internet
  • Stage:Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Alter — Alter is the most secure communications platform built on private blockchain technology powered by Secret Network's Private Smart Contracts and ECDH encryption. Alter has leveraged this technology and made something that was historically available only to limited groups of people, institutions and government organizations - accessible toeveryone and anyone to make sure there's higher control over own data privacy and it is truly secure.
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Jalal Najjar
Angel · 1 investments in Estonia Internet startups

Jalal Najjar

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Investment focus

  • Industry: Apps, Privacy, Internet
  • Stage:Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Alter — Alter is the most secure communications platform built on private blockchain technology powered by Secret Network's Private Smart Contracts and ECDH encryption. Alter has leveraged this technology and made something that was historically available only to limited groups of people, institutions and government organizations - accessible toeveryone and anyone to make sure there's higher control over own data privacy and it is truly secure.
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Internet Investor funding in Estonia at a glance

Stats across 58 deals from 101 investors.

101
investors
in Estonia Internet startups
58
deals
in Estonia Internet startups
$527k
median round
in Estonia Internet startups
27%
lead investors
lead at least one round
47%
Seed
most common funding stage
71/29
VC / Angel
share of investor count

Access all 101 investors in Estonia Internet startups.

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