# Top 50 Internet Startup Investors in Estonia in June 2026 ## Icebreaker.vc - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 12 - Stages: Pre-Seed, Seed, Series A - Focus: Software, Information Technology, Artificial Intelligence Founded in 2016, Icebreaker has invested in over 50 fast-growing tech startups built by domain expert founders from companies like Rovio, Nordea, Pipedrive, Eniram, IBM and BCG. In addition to the fund, Icebreaker also runs a community of more than 1000 founders and pre-founders with 5+ years of relevant industry experience and the will to start,build or join strong tech companies.With the initial ticket sizes of €150k - 800K Icebreaker provides enough funding for companies to get to a position of strength and avoid post-accelerator limbo without having to resort to disreputable sources of capital and unfriendly deal terms. ## Tera Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 7 - Stages: Seed, Series A, Pre-Seed - Focus: Software, E-Commerce, Artificial Intelligence Tera Ventures is an international investment firm based in Estonia. ## Specialist VC - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 6 - Stages: Seed, Pre-Seed - Focus: Software, Information Technology, Artificial Intelligence United Angels VC is an early stage venture capital fund based in Estonia. ## Kristjan Vilosius - Type: Angel - Relevant deals: 4 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Information Technology, E-Commerce Kristjan Vilosius - Co-Founder and CEO @ Katana ## Superangel - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 3 - Stages: Seed, Pre-Seed, Series A - Focus: Artificial Intelligence, Software, Information Technology Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io ## Jaan Tallinn - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 3 - Stages: Seed, Series A - Focus: Software, Artificial Intelligence, Internet Jaan Tallinn is the Co-Founder of the Centre for Study of Existential Risk and Future of Life Institute. ## Lemonade Stand - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 3 - Stages: Seed, Pre-Seed - Focus: Software, Artificial Intelligence, FinTech Lemonade Stand is a VC fund that focuses on early stage B2B investments in Baltic and East European founders no matter the HQ location. Investing €25-300K in strong teams, technology or traction. ## Creandum - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 3 - Stages: Series A, Seed, Series B - Focus: Software, Information Technology, Artificial Intelligence We support early-stage founders in building global, category-defining companies. From Seed to IPO and beyond. ## Thomas Wolf - Type: Angel - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Artificial Intelligence, Software, Information Technology 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. ## Priit Kasesalu - Type: Angel - Relevant deals: 2 - Stages: Seed - Focus: iOS, Apps, Email 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. ## Change Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Information Technology, Apps We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world. ## Elias Aalto - Type: Angel - Location: Helsinki, Southern Finland, Finland - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Internet, Health Care, Information Technology Elias Aalto is Wolt's Advisor and a Co-Founder before that. ## Insta Ventures - Type: VC Fund - Location: Limassol, Limassol, Cyprus - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Software, E-Commerce, Advertising 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! ## ZAKA VC - Type: VC Fund - Location: Prague, Hlavni mesto Praha, Czech Republic - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Artificial Intelligence, Software, Information Technology 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. ## LIFT99 - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Pre-Seed, Seed, Series A - Focus: Software, Information Technology, Legal 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. ## Sten Tamkivi - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Artificial Intelligence, Manufacturing 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. ## Ambient Sound Investments - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Series A - Focus: Internet, Software, E-Commerce 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. ## Trind Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, Information Technology, SaaS Trind VC is a founder-first venture capital firm investing in early-stage consumer startups across Europe. We back ambitious teams, help them grow, and stay by their side through every stage of the journey. ## Global Founders Capital - Type: VC Fund - Location: Berlin, Berlin, Germany - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Financial Services, Software, FinTech Over the past two decades, GFC have backed over five hundred entrepreneurs worldwide, e.g. Facebook, LinkedIn, Slack, and Away Travel. ## Prototron - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Pre-Seed, Grant, Seed - Focus: Software, Manufacturing, Internet of Things Prototron is a start-up fund that gives money to teams for turning their great ideas into the first working prototype. Founded in 2012 by Swedbank, Tallinn Technical University and Tallinn Science Park Tehnopol. We finance teams with high growth potential in areas of Greentech, Electronics, Mechatronics and ICT. We run 3-4 rounds of financingevery year. During last 5 years we've funded 58 startups with over 470'000€ in cash + coaching/incubation services. Our protfolio has generated >4,5 M€ revenue and raised >17'000'000€ capital. These results make Prototron the most productive pre-seed fund in Estonia. Do you want to be part of the success? We seek for: *) New start-up teams who need money for building a prototype. Apply for funding: www.prototron.ee *) Additional partners who want to be part of Estonia's next success stories. ## Magnus Capital - Type: VC Fund - Relevant deals: 2 - Stages: Seed, Initial Coin Offering - Focus: Blockchain, Cryptocurrency, Gaming Magnus Capital is a crypto investment firm. ## Angel Invest - Type: VC Fund - Location: Frankfurt, Hessen, Germany - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Artificial Intelligence, SaaS Angel Invest is one of Europe's most active angel funds ## Hive Hatch - Type: VC Fund - Location: Greenwich, Connecticut, United States - Relevant deals: 2 - Stages: Pre-Seed, Seed, Series B - Focus: Software, SaaS, Retail 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. ## Mike Oliinyk - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Robotics, Navigation, 3D Technology Mike Oliinyk is a VP of Product at Montonio ## Alvar Lumberg - Type: Angel - Relevant deals: 2 - Stages: Seed, Pre-Seed, Angel - Focus: Software, Information Technology, FinTech Alvar Lumberg ## Butterfly Ventures - Type: VC Fund - Location: Oulu, Oulu, Finland - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Health Care, Software, Information Technology 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. ## Karista - Type: VC Fund - Location: Paris, Ile-de-France, France - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: Software, Biotechnology, Health Care Karista is an early-stage venture capital firm created in 2001 investing in Health, Digital, Tech, and NewSpace. ## Parallax Ventures - Type: VC Fund - Location: São Paulo, Sao Paulo, Brazil - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: FinTech, Financial Services, Bitcoin 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. ## Andrus Purde - Type: Angel - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, Apps, Internet Experienced startup marketer. Co-founder and CEO of Outfunnel. Skype and Pipedrive alumni. Angel investor. ## Markus Villig - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Pre-Seed, Angel - Focus: Software, Information Technology, FinTech Markus Villig is founder and CEO of Taxify. He attended University of Tartu. ## TMT Investments - Type: VC Fund - Location: St. Helier, NA - Jersey, Jersey - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, SaaS, Social Media 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. ## BADideas.fund - Type: VC Fund - Relevant deals: 2 - Stages: Seed, Pre-Seed, Grant - Focus: Software, Information Technology, Artificial Intelligence 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. ## Supernode Global - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Software, Media and Entertainment, Virtual Reality An early-stage venture capital fund investing in Consumer and B2B technologies that meaningfully enhance our personal and professional lives. ## Alistair Owen - Type: Angel - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed, Series A - Focus: E-Commerce, Health Care, Marketplace 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. ## John Tsioris - Type: Angel - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Travel, Internet, Blockchain John Tsioris is the CEO at InstaShop. ## Everywhere Ventures - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Health Care, FinTech 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. ## Nomad Capital - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Software, SaaS, Apps Nomad Capital is a seed stage fund that invests in emerging companies that are developing marketplaces and B2B software. ## Tiny VC - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Artificial Intelligence, SaaS Backing great companies when they're tiny ## Intel Capital - Type: VC Fund - Location: Santa Clara, California, United States - Relevant deals: 1 - Stages: Series B, Series A, Series C - Focus: Software, Information Technology, Enterprise Software 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. ## Sienna Networks - Type: VC Fund - Relevant deals: 1 - Stages: Seed - Focus: Apps, Privacy, Internet 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. ‍ ## Jalal Najjar - Type: Angel - Relevant deals: 1 - Stages: Seed - Focus: Apps, Privacy, Internet Jalal Najjar ## Perot Jain - Type: VC Fund - Location: Dallas, Texas, United States - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: Software, Information Technology, Artificial Intelligence Perot Jain is anearly-stage ven ture capital firm committed to partnering with innovative entrepreneurs to build highly disruptive companies and technology. ## Tezos Foundation - Type: VC Fund - Location: Zug, Zug, Switzerland - Relevant deals: 1 - Stages: Seed, Series A - Focus: FinTech, Blockchain, Software We believe that Tezos will drive social, political and economic innovation on a global scale. ## henQ - Type: VC Fund - Location: Amsterdam, Noord-Holland, The Netherlands - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: Software, SaaS, Information Technology Early-stage funding for the odd ones out in B2B software. ## Swiss DeFi Fund - Type: VC Fund - Relevant deals: 1 - Stages: Pre-Seed - Focus: Web3, Software, Blockchain A Switzerland-based VC firm ## LAUNCHub Ventures - Type: VC Fund - Location: Sofia, Grad Sofiya, Bulgaria - Relevant deals: 1 - Stages: Seed, Series A, Pre-Seed - Focus: Software, SaaS, Enterprise Software LAUNCHub is a leading early-stage venture capital fund focused on investing in startups in South-Eastern (SEE) and Central-Eastern (CEE) Europe. ## Nick Handel - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed - Focus: SaaS, Big Data, Data Integration Nick Handel is Head of Data Science at Branch International. Past: Product Manager for machine learning at Airbnb. ## LocalGlobe - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Financial Services, Artificial Intelligence Seeding ambitious founders at places like @citymapper, @improbableio,@teamkano, @moo, @songkick,@seedcamp, @transferwise and @zoopla since 1999. Who's next? ## Tagus Capital - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed, Series B - Focus: Cryptocurrency, FinTech, Blockchain Enable talented people to build innovative businesses based on blockchain technology that will disrupt inefficient and inequitable industries, such as ## Day One Capital - Type: VC Fund - Location: Budapest, Budapest, Hungary - Relevant deals: 1 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Artificial Intelligence, Information Technology We are an early-stage technology investor, managing privately financed funds. We seek to find and join the most exciting Central Eastern European teams on their global mission. # About Shizune Shizune.co is an investor database. Core features: - 48,091 startup investors (angels, VCs, accelerators, and others) - Email, phone, LinkedIn (for intros), socials, and other contact data - Updated daily from public funding news - CSV and Excel export The User can access the full database FOR FREE after signing up: shizune.co