# Top 50 Marketplace Startup Investors in Estonia in June 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Superangel | 9 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, Information Technology |
| Specialist VC | 8 | Estonia, United Kingdom, Finland | Seed, Pre-Seed | Software, Information Technology, Artificial Intelligence |
| Tera Ventures | 7 | Estonia, United States, United Kingdom | Seed, Series A, Pre-Seed | Software, E-Commerce, Artificial Intelligence |
| Lemonade Stand | 5 | Estonia, Lithuania, India | Seed, Pre-Seed | Software, Artificial Intelligence, FinTech |
| Markus Villig | 4 | Estonia, United States, United Kingdom | Seed, Pre-Seed, Angel | Software, Information Technology, FinTech |
| Kristjan Vilosius | 4 | Estonia, United States, South Africa | Seed, Pre-Seed, Series A | Software, Information Technology, E-Commerce |
| Change Ventures | 4 | Estonia, Latvia, Lithuania | Seed, Pre-Seed, Series A | Software, Information Technology, Apps |
| Martin Sokk | 3 | Estonia | Pre-Seed, Seed | Rental, FinTech, Finance |
| Thorgate Ventures | 3 | Estonia, United Kingdom, Norway | Seed, Pre-Seed, Series A | Software, SaaS, FinTech |
| Triin Hertmann | 3 | Estonia | Seed, Pre-Seed | FinTech, Software, E-Commerce |
| Metaplanet | 3 | United States, United Kingdom, Estonia | Seed, Series A, Series B | Artificial Intelligence, Software, Health Care |
| Alvar Lumberg | 3 | Estonia | Seed, Pre-Seed, Angel | Software, Information Technology, FinTech |
| Expansion Capital | 3 | Latvia, United States, Norway | Seed, Debt Financing | Manufacturing, Logistics, Transportation |
| Trind Ventures | 3 | Finland, Estonia, Spain | Seed, Series A | Software, Information Technology, SaaS |
| Contrarian Ventures | 3 | Lithuania, United Kingdom, France | Seed, Series A, Pre-Seed | Software, Renewable Energy, Energy |
| Sunly | 2 | Estonia, France, Finland | Seed, Pre-Seed | Solar, CleanTech, Rental |
| Icebreaker.vc | 2 | Finland, Estonia, Sweden | Pre-Seed, Seed, Series A | Software, Information Technology, Artificial Intelligence |
| BADideas.fund | 2 | Estonia, Latvia, Lithuania | Pre-Seed, Seed, Grant | Software, Information Technology, Artificial Intelligence |
| Angel Effect | 2 | Turkey, United States, United Kingdom | Seed, Pre-Seed | Software, E-Commerce, Mobile |
| TMT Investments | 2 | United States, Estonia, United Kingdom | Seed, Series A | Software, SaaS, Social Media |
| Big Brain Holdings | 2 | United States, Singapore, United Kingdom | Seed, Pre-Seed | Blockchain, Cryptocurrency, Gaming |
| LD Capital | 2 | United States, Singapore, United Kingdom | Seed, Initial Coin Offering | Blockchain, Cryptocurrency, Gaming |
| Hartmann Capital | 2 | United States, Canada, Norway | Seed, Pre-Seed, Series A | Virtual Reality, Software, Blockchain |
| 365.fintech | 2 | United Kingdom, Germany, Belgium | Seed, Pre-Seed, Series A | FinTech, Financial Services, Software |
| Prototron | 2 | Estonia, Finland, Germany | Pre-Seed, Grant, Seed | Software, Manufacturing, Internet of Things |
| Conor Venture Partners | 2 | Finland, United States, Sweden | Series A, Series B, Seed | Software, Analytics, Semiconductor |
| The Spartan Group | 2 | United States, Singapore, United Kingdom | Seed, Series A | Blockchain, Cryptocurrency, Software |
| SpeedUp Venture Capital Group | 2 | Poland, United States, Czech Republic | Seed, Pre-Seed, Series A | Software, SaaS, Artificial Intelligence |
| RubyLight | 2 | Estonia, Germany, United Kingdom | Seed, Series A, Pre-Seed | Apps, Mobile, E-Commerce |
| ZAKA VC | 2 | United States, Germany, United Kingdom | Seed, Pre-Seed | Artificial Intelligence, Software, Information Technology |
| Ambient Sound Investments | 2 | Estonia, United States, United Kingdom | Seed, Series A | Internet, Software, E-Commerce |
| Entrepreneurs Fund | 2 | United Kingdom, United States, Germany | Series B, Series A | Biotechnology, Health Care, Software |
| Zenith Family Office | 2 | Estonia, United States | Pre-Seed | SaaS, Commercial Real Estate, B2B |
| Markku Jääskelainen | 2 | Estonia | Seed, Series A | Drones, Big Data, Software |
| SeedBlink | 2 | Romania, United States, United Kingdom | Seed, Pre-Seed, Series A | Software, SaaS, Information Technology |
| Martin Henk | 2 | Estonia, United States, United Kingdom | Pre-Seed, Seed, Angel | Software, SaaS, Information Technology |
| Practica Capital | 2 | Lithuania, United Kingdom, United States | Seed, Pre-Seed, Series A | B2B, Software, Information Technology |
| Tolaram Group | 2 | India, Brazil, Estonia | Seed, Corporate Round, Equity Crowdfunding | FinTech, Financial Services, Credit |
| ff Venture Capital | 2 | United States, Poland, Canada | Seed, Series A | Software, Artificial Intelligence, Information Technology |
| Sven Kirsimäe | 1 | Estonia | Seed | FinTech, Finance, Lending |
| Märt Aro | 1 | Estonia | Pre-Seed | Education, Marketplace |
| Kustaa Valtonen | 1 | Estonia | Pre-Seed | Education, Marketplace |
| Jevgeni Kabanov | 1 | Estonia, Ukraine, United States | Pre-Seed, Seed, Series A | E-Commerce, Apps, FinTech |
| Block54 | 1 | Estonia | Seed | Analytics, Blockchain, Ad Targeting |
| Highgoal Capital | 1 | Latvia, Estonia | Seed | Credit, Rental, Banking |
| Toomas Hendrik Ilves | 1 | Estonia | Seed | Fashion, E-Commerce, Search Engine |
| Norberts Erts | 1 | South Korea | Seed | Rental, Retail, Leasing |
| Uğur Şeker | 1 | Turkey, Estonia, United States | Seed | Marketing, Gaming, Big Data |
| Koray Gultekin Bahar | 1 | Turkey, United States, Estonia | Seed, Angel, Pre-Seed | Sharing Economy, Software, Audio |
| Andrius Slimas | 1 | Spain, Estonia, Australia | Seed | Information Technology, Cooking, Jewelry |

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