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Top 50 Marketplace VC (Venture Capital) Funds in Estonia in May 2026

A list of 50 VC (Venture Capital) funds that invest in Marketplace startups based in Estonia. We rank investors based on the number of investments they made in Marketplace companies from Estonia. We update this investor list every month.

Top 50 Marketplace VC (Venture Capital) Funds in Estonia in May 2026

Investor Marketplace Estonia investments
Superangel 9
Specialist VC 7
Tera Ventures 7
Lemonade Stand 5
Change Ventures 4
Thorgate Ventures 3
Metaplanet 3
Contrarian Ventures 3
Expansion Capital 3
Sunly 2
365.fintech 2
BADideas.fund 2
ff Venture Capital 2
SpeedUp Venture Capital Group 2
Angel Effect 2
SeedBlink 2
Entrepreneurs Fund 2
ZAKA VC 2
Practica Capital 2
Trind Ventures 2
Hartmann Capital 2
LD Capital 2
Big Brain Holdings 2
Zenith Family Office 2
Ambient Sound Investments 2
Conor Venture Partners 2
The Spartan Group 2
Icebreaker.vc 2
Prototron 2
Tolaram Group 2
TMT Investments 2
RubyLight 2
Leovegas 1
Orange DAO 1
Foundamental 1
Atomico's Angel Programme 1
Vesna Capital 1
Resist.UA 1
Day One Capital 1
Collective Ventures 1
Barolo Investment Partners 1
Visionplus 1
F+ Ventures 1
Proxy Ventures 1
Koray Bahar 1
Vereeni Investments 1
BENE Asia Capital 1
Spring Capital 1
Ukrainian Startup Fund 1
Bank Of Georgia Group 1

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Superangel
VC Fund · Tallinn, Harjumaa, Estonia

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

  • Artificial Intelligence, Software, Information Technology
  • Seed, Pre-Seed, Series A
  • Estonia, United States, Finland

Portfolio highlights

  • Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
  • Askel.ai — Askel.ai elevates SaaS with embedded AI automation.
  • Sky Spy — Sky Spy provides advanced RF intelligence solutions for defense, security and mission-critical operations.
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Specialist VC
VC Fund · Tallinn, Harjumaa, Estonia

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

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Investment focus

  • Software, Information Technology, Artificial Intelligence
  • Seed, Pre-Seed, Funding Round
  • Estonia, United Kingdom, Finland

Portfolio highlights

  • Sera — Sera's AI streamlines prospecting with tailored lists and enriched profiles, including accurate emails and metrics.
  • Copla — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
  • Vocal Image — Discover your accent & voice type. Free 30-second test. Join 4M+ users building clear, confident communication with daily AI coaching.
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Tera Ventures
VC Fund · Tallinn, Harjumaa, Estonia

Tera Ventures is an international investment firm based in Estonia.

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Investment focus

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

Portfolio highlights

  • Supersimple — Supersimple helps SaaS companies use customer behavior data to drive decisions in product & sales.
  • TWICE COMMERCE ® — Turn sustainability into revenue with Twice Commerce, the all-in-one resale and rental platform. Create your store for free!
  • CARÁ Health — Suun combines a midwife-powered app with studios in Tallinn and Berlin to ease pregnancy and postpartum symptoms, build strength and support you every day.
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Lemonade Stand
VC Fund · Tallinn, Harjumaa, Estonia

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

  • Software, Artificial Intelligence, FinTech
  • Seed, Pre-Seed, Funding Round
  • Estonia, Lithuania, India

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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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia

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

  • Software, Information Technology, Apps
  • Seed, Pre-Seed, Series A
  • Estonia, Latvia, Lithuania

Portfolio highlights

  • 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.
  • Giraffe360 — Giraffe360 is game-changing subscription product for real estate companies to streamline professional quality photography and high accuracy floor plan creation.
  • 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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Thorgate Ventures
VC Fund · Tallinn, Harjumaa, Estonia

We invest both capital and our know-how into startups. Join us and let's change the world

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Investment focus

  • Software, SaaS, FinTech
  • Seed, Pre-Seed, Series A
  • Estonia, United Kingdom, Norway

Portfolio highlights

  • Coursy.io — Make employee development more effective with LMS powered by Learning Design
  • Waybiller — Bulk TMS solution for end-to-end management: Waybiller transforms your logistics operations, allowing you to handle bulk shipments with precision and speed. The Best E-waybill Software & Bulk TMS Solution
  • Bilance — Bilance is a personal finance management app that helps you to track, analyze and plan your finances.
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Metaplanet
VC Fund · Tallinn, Harjumaa, Estonia

an early-stage investment firm making long-term bets on contrarians and leveraging the knowledge and network across sectors. We back mission-driven founders working on positively disruptive deep technologies.

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Investment focus

  • Artificial Intelligence, Software, Health Care
  • Seed, Series A, Series B
  • United States, United Kingdom, Estonia

Portfolio highlights

  • Vok Bikes — We build heavy-duty cargo bikes and rent them out to on-demand delivery companies and their couriers — no surprises, no extra fees. Currently active in Tallinn and Vilnius and expanding to London and Berlin Q4 2021.
  • Zama — Secure data privacy of your application with the Zama Concrete framework and its fully homomorphic encryption library
  • Lightyear — Lightyear is a simple and approachable way to invest your money globally without unnecessary barriers and fees.
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Contrarian Ventures
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania

We are a hands-on, community-focused and founders vetted early-stage sustainable energy transition focused VC in Europe & Israel

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Investment focus

  • Software, Renewable Energy, Energy
  • Seed, Series A, Pre-Seed
  • Lithuania, United Kingdom, France

Portfolio highlights

  • Eliq — Energy data platform for utilities combining customer insights and operational intelligence to improve service, reduce churn and grow revenue.
  • PVcase — From site selection and design to yield optimization; PVcase helps streamline your entire process.
  • Urbio — Intuitive online software for urban energy planning and design. Urbio helps energy providers, utilities, consultants and real estate companies save time and money with generative design and digital twins.
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Expansion Capital
VC Fund · Riga, Riga, Latvia

Expansion Capital AIFP plans to participate in Latvian state-owned development finance institution ALTUM organized next generation fund manager tender, in order to continue to invest and finance mainly perspective Latvian ideas, projects, and companies.

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Investment focus

  • Manufacturing, Logistics, Transportation
  • Seed, Funding Round, Debt Financing
  • Latvia, United States, Norway

Portfolio highlights

  • Flirtu — Flirtu is an app for dating on Telegram that helps users find their perfect match.
  • Willow Wealth — Willow Wealth is an alternative investment platform focused on generating income streams for investors. Get exclusive access to private market investments.
  • FIS.solutions — Loan Management System | Loan Servicing Software | Lending Software. Instalment loans, mortgages, car leasing & rentals, credit line, business loans, factoring
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Sunly
VC Fund · Tallinn, Harjumaa, Estonia · 1 investment in the past 12 months

Sunly, a renewable energy company, is active in the Baltics and surrounding markets. Sunly is developing renewable energy projects through Sunly Infra and manages a renewable energy and electrification portfolio of start-ups through Sunly Startup.

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Investment focus

  • Solar, CleanTech, Rental
  • Seed, Pre-Seed, Funding Round
  • Estonia, France, Finland

Portfolio highlights

  • Themo — Themo's innovation is an algorithm that optimizes the price of exchange electricity and the consumption of electricity. Themo offers an easy and environmentally friendly way to save on electricity consumed by heating.
  • Vok Bikes — We build heavy-duty cargo bikes and rent them out to on-demand delivery companies and their couriers — no surprises, no extra fees. Currently active in Tallinn and Vilnius and expanding to London and Berlin Q4 2021.
  • UP Catalyst — UP Catalyst produces sustainable carbon nanomaterials and graphite for the green energy storage industry.
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365.fintech
VC Fund · Bratislava, Bratislava, Slovakia (Slovak Republic)

365.fintech is a boutique VC focusing on pre-seed & seed API-first, infrastructure & b2b/b2b2c fintech in broader CEE & Baltics.

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Investment focus

  • FinTech, Financial Services, Software
  • Seed, Pre-Seed, Series A
  • United Kingdom, Germany, Belgium

Portfolio highlights

  • Ondato — Ondato provides KYC, AML, and age verification software to automate onboarding, prevent fraud, and ensure full regulatory compliance worldwide.
  • Montonio — 10x lower fees and the most customer-friendly financing solution.
  • Velaris — Velaris is a flexible, all-in-one Customer Success platform to help you create winning experiences. Automation, alerts, lifecycle management, health, intelligence
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BADideas.fund
VC Fund

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

  • Software, SaaS, FinTech
  • Pre-Seed, Seed
  • Estonia, Latvia, Ukraine

Portfolio highlights

  • Qminder — Set up Qminder queue management software in minutes. Real-time reports on customer service & employee performance. Cloud-based. Wireless. Free Support.
  • THEO — Power-Up Any AI Assistant in 3 minutes by transforming your startup's strategy, product, and market info into an expert-designed AI-ready knowledge format, making AI truly understand your unique business nuances.
  • Desktop Commander — Desktop Commander is a powerful MCP tool that helps developers manage files, set up servers, and deploy applications with ease.
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ff Venture Capital
VC Fund · New York, New York, United States

ff Venture Capital (ffVC) is a technology venture capital firm investing in some of the strongest growth areas to date, including cybersecurity, artificial intelligence, machine learning, drones, enterprise cloud software, and crowdfunding. The firm identifies and invests in technology and technology-enabled companies at its inception acrossgeographies and emerging industries. With three partners and an acceleration team of 20+ investment and operations professionals, ffVC actively participates with founders to develop products, target markets, and accelerate growth. Since 2008, ffVC has invested in over 100 companies and has helped to create companies with an aggregate market value exceeding $6 billion.

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Investment focus

  • Software, Information Technology, Artificial Intelligence
  • Seed, Series A, Funding Round
  • United States, Poland, Canada

Portfolio highlights

  • Moveline — Moveline provides multiple moving quotes from quality moving companies, all from one form. Get up to four quotes now.
  • ForActive — ForActive The Best App to Buy & Sell Memberships
  • Fabrica AI — Fabrica AI offers a revolutionary platform for faster robot development, using custom hardware designs and learned optimal control to increase efficiency while minimizing complexity and cost. With a vision for a future where robot development takes days, not years.
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SpeedUp Venture Capital Group
VC Fund · Poznan, Wielkopolskie, Poland

We are a group of venture capital funds, investing in enterprises in an early stage of development. Areas of our interest include enterprises and entrepreneurs in Central and Eastern Europe, who want to conquer the global market by utilizing their self-developed solutions. Our cooperation with companies is based on a 3-8 years investment horizon.We're looking for innovations from areas such as: consumer internet, electromobility, energy, fintech, martech, adtech, medtech, IoT and hardware. We're interested in technologies like Machine Learning, Picture Recognition and Artificial Intelligence.

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Investment focus

  • Software, SaaS, Artificial Intelligence
  • Seed, Pre-Seed, Series A
  • Poland, United States, Czech Republic

Portfolio highlights

  • PARTORY — PARTORY offers complete manufacturing solutions in engineering. PARTORY utilising AI and machine learning to streamline the procurement process for low-cost metal parts
  • CYCLE — GetHenry is a rapidly growing subscription service for market-leading delivery companies. We make sure that thousands of couriers are on the move safely, quickly and comfortably every day. In this way, we not only create added value for delivery services, but also help to reduce transport-related CO2 emissions on the last mile.
  • Patron GO — Patron GO is a fintech firm that uses AI to detect unnecessarily high costs on a customer's bank account and offers the best solutions.
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Angel Effect
VC Fund · Kurucesme, Istanbul, Turkey

We are a team of successful entrepreneurs, corporate leaders and people who know the impact of creating value together. Together, we invest in high-impact, early-stage companies led by amazing teams with global mindset all over the world.

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Investment focus

  • Software, E-Commerce, Mobile
  • Seed, Funding Round, Pre-Seed
  • Turkey, United States, United Kingdom

Portfolio highlights

  • ULive — ULive is a digital fitness platform. With ULive, users can develop physically, mentally and spiritually. Indoor Cycling using UBikes, Yoga, Pilates, Stretch, Dance and bUUt (functional body training) classes, which they can attend live every day and whenever they want, using mobile application.
  • & New Me — Explore the best aesthetic treatments in Turkey with New Me. Book a consultation, read reviews, and find the right doctor for your beauty journey.
  • Njoykidz — njoyKidz was founded in 2021 with the simple idea of creating ad-free and safe game platforms for the kids while they learn. We develop game
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Entrepreneurs Fund
VC Fund · London, England, United Kingdom

Entrepreneurs Fund provides early stage and growth financing alongside active support to entrepreneurial teams. Their current areas of investment focus are Life-sciences, Water, Materials and Automotive Technology.

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Investment focus

  • Biotechnology, Health Care, Software
  • Series B, Funding Round, Series A
  • United Kingdom, United States, Germany

Portfolio highlights

  • OptiNose — Optinose is a specialty pharmaceutical company focused on creating and bringing to market innovative products for patients with diseases treated by ear, nose, and throat (ENT) and allergy specialists.
  • Realeyes — VerifEye is Better Than CAPTCHA. Vision AI that verifies age, gender and physical characteristics in milliseconds without collecting or storing sensitive documents.
  • General Fusion — General Fusion is developing fusion energy: a clean, safe, abundant and on-demand approach to generating electricity.
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ZAKA VC
VC Fund · Prague, Hlavni mesto Praha, Czech Republic

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

  • Software, Information Technology, Artificial Intelligence
  • Seed, Pre-Seed, Funding Round
  • Germany, United Kingdom, Austria

Portfolio highlights

  • DeepSeq.AI — Explore DeepSeq.AI - revolutionizing protein screening and drug design with cutting-edge AI. We empower researchers to accelerate discoveries and transform healthcare.
  • Bullseye Biosciences — Bullseye Biosciences is a therapeutics discovery company revolutionizing drug development through robotics and evolution. Our platform operationalizes cutting-edge directed evolution technology by incorporating automation and Next Generation Sequencing. By targeting challenging drivers of human dise
  • Sensible Biotechnologies — Engineering cells to make better mRNA.
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Practica Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in the past 12 months

Practica Capital

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Investment focus

  • B2B, Software, Information Technology
  • Seed, Funding Round, Series A
  • Lithuania, United Kingdom, United States

Portfolio highlights

  • Creem — Creem provides Indie Hackers, Micro-SaaS and SaaS businesses with instant financial tools and functionality. As a Merchant of Record our pre-integrated embeddable components tap your existing data, boosting revenue effortlessly. No costs—pure growth potential for your business.
  • Handwave — Handwave is the world’s first biometric wallet and identity platform — replacing wallets, phones, and IDs with a single gesture for in-store payments. Designed for retail, meant for people. End users can easily onboard their palms through the Handwave app by scanning their palm with the phone camera, linking payment and loyalty cards, and thenenjoy frictionless checkout at retail by simply scanning their palm at a payment terminal.
  • Atrandi Biosciences — Achieve your discoveries easier using high-throughput screening and droplet microfluidics. Create your own custom workflows for any R&D or academic applications.
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Trind Ventures
VC Fund · Tallinn, Harjumaa, Estonia

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

  • Software, Information Technology, SaaS
  • Seed, Series A, Funding Round
  • Estonia, Finland, Sweden

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.
  • Jobilla — Reach and activate your target group with a powerful recruitment solution. Increase the amount of applications and get 7X more qualified candidates.
  • 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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Hartmann Capital
VC Fund · Boca Raton, Florida, United States

Hartmann Capital offers one of the world's first crypto hedge funds to provide accredited investors exposure to Bitcoin and other digital assets in the virtual currency space.

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Investment focus

  • Virtual Reality, Software, Blockchain
  • Seed, Pre-Seed, Series A
  • United States, Canada, Norway

Portfolio highlights

  • Ludus AI — Ludus AI is a technology company introducing a next-generation solution for the 3D game and visualization industry. The startup, founded by Piotr Penar, former CEO of DreamStorm Studios, aims to facilitate the creation of high-quality content in Unreal Engine by using artificial intelligence.Unreal Engine, although recognized as the best tool forcreating 3D experiences, presents significant challenges for creators. Complicated documentation and complex processes often lead to extended production times and increased costs. Ludus AI was created in response to these problems, resulting from the founder's direct experience in managing a 60-person team of developers during a 9-year journey through the gaming industry and working on projects for Microsoft, Google and UPS.We've created a comprehensive set of tools that significantly speed up work in Unreal Engine, offering users not only the basic capabilities offered by AI technology, such as project and blueprint analysis, but also the innovative ability to automatically create objects in virtual space based solely on a description.Ludus AI solutions are used in many industries. Game studios can significantly accelerate the development process of projects, architectural firms gain the ability to quickly create interactive visualizations, and the training and simulation sector can more effectively create advanced training environments. The technology also works in the automotive industry in the design of user interfaces and in film production in the creation of virtual film sets.We're building tools that we needed ourselves when running a game studio. The reality is that many teams can't afford to hire senior Unreal developers, yet they need to deliver high-quality projects. Our tools bridge that gap, making professional-grade development accessible to teams of any size.The company, which recently released the first version of its solution, is already attracting the attention of the industry, has over 5,000 users and plans further expansion into international markets. We secured our first investors with 1,000,000 PLN in funding, including Hartmann Capital and one private-equity investor. We also joined the EU’s top Concordia Design Accelerator. In the coming months, Ludus AI will focus on the stability of its product, adding more features to its assortment and developing its most frequently used and most effective tool, which is the creation of 3D objects by description.
  • Mentra — Mentra is a wearable technology company that develops smart glasses based on augmented reality and AI interface technologies.
  • Squido Studio — No More Rainbows is a first person VR platformer with unique locomotion inspired by classic titles such as Super Meat Boy and Super Mario. The studio behind No More Rainbows is Montreal based Squido Studio, a studio that focuses on core mechanics and gameplay before all else.
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LD Capital
VC Fund · Shanghai, Shanghai, China

LD Capital is one of Asia's earliest organizations focusing on value investing in blockchain field. Owing to industrial resource advantages and professional investment research teams, LD Capital has successively discovered and invested in projects such as Qtum, Vechain and Eos which all achieved over 100 times return.Their teams spread overChina, the United States, Europe, Singapore, Japan, and South Korea, and have accumulated rich experience in areas of traditional internet, Fintech, and advanced blockchain technology. They are committed to the globalization of blockchain and quality investment in the entire industry.LD Capital focuses on blockchain innovation projects within finance, games, content publishing, Internet of Things and other circuits, and we have been propelling broad layout of blockchain technology and infrastructure construction to facilitate the comprehensive development of the global blockchain ecosystem.

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Investment focus

  • Blockchain, Cryptocurrency, Gaming
  • Seed, Funding Round, Initial Coin Offering
  • United States, Singapore, United Kingdom

Portfolio highlights

  • Intmax — INTMAX has developed significant innovations in ZK implementation making it a unique Layer2 rollup network that offers low cost, security, tunable privacy, and above all, scalability.
  • Joystream — Joystream is a block chain-based, decentralized video platform.
  • Konnex World — Konnex is building the decentralized coordination, verification, and payment layer for autonomous robots. Powered by Large Behavioral Models and Proof-of-Physical-Work, it connects machines into a single global network where robots can understand, collaborate, and transact.
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Big Brain Holdings
VC Fund · Weston, Florida, United States

Big Brain Holdings is Focused on Investing in Solana projects that have strong potential.

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Investment focus

  • Blockchain, Cryptocurrency, Gaming
  • Seed, Pre-Seed, Funding Round
  • United States, Singapore, United Kingdom

Portfolio highlights

  • Raiku — Raiku is a Web3 infrastructure startup focused on enhancing the Solana blockchain's reliability and predictability.
  • Kapkap — Kapkap is a web3 platform that uses AI for attention based value distribution in gaming.
  • Haiku — Haiku is a DeFi platform that lets users execute complex multi-chain trades and strategies in simple, optimized transactions.
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Zenith Family Office
VC Fund

Independent wealth management company devoted to handling the investments and personal needs of wealthy individuals

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Investment focus

  • SaaS, Commercial Real Estate, B2B
  • Pre-Seed, Funding Round
  • Estonia, United States

Portfolio highlights

  • Remato — Remato is all-in-one & mobile-first platform to seamlessly manage projects, people and assets. Budget estimating & task planning, field communications & work tracking, real-time overview & automated reports.
  • Moderan — Moderan is an online software for commercial real estate lease lifecycle management and asset reporting. So easy, any team can start using it in a day. Get your lease and property information organised. Save time with automated reports and make sure no deadline is missed.
  • VideoCV.io — Spend less time reading stacks of resumes, and more time on finding the best fit for your company. VideoCV helps you increase your hiring productivity by streamlining your talent management processes.
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Ambient Sound Investments
VC Fund · Tallinn, Harjumaa, Estonia

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

  • Internet, Software, E-Commerce
  • Seed, Series A, Funding Round
  • Estonia, United States, United Kingdom

Portfolio highlights

  • Cgates — Cgates is largest independent pay TV and internet service provider. It provides digital and interactive television, fibre-optic broadband internet and fixed telephony to subscribers across the country. The company was founded in 1991 and has developed into a leading telecom operator via numerous acquisitions and organic growth. Investor consortiumled by Livonia Partners acquired a significant minority stake in September 2017 to support growth of the company and further network and technology upgrades.
  • 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!
  • Ampler Bikes — Smart, durable and light e-bikes that look like classic bicycles. Select your Ampler e-bike online today and start your journey.
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Conor Venture Partners
VC Fund · Espoo, Southern Finland, Finland

Conor Venture Partners is a new breed technology venture capital fund and management company. Conor invests in early-stage companies originating from Nordic and Baltic countries. Investment areas include information and communications technology, embedded software, semiconductor technology, electronics, new materials and optics.

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Investment focus

  • Software, Analytics, Semiconductor
  • Series A, Series B, Seed
  • Finland, United States, Sweden

Portfolio highlights

  • Neo4j — Connect data as it's stored with Neo4j. Perform powerful, complex queries at scale and speed with our graph data platform.
  • Blackwood Seven — Blackwood Seven is a media analytics platform which strives to increase the effect of company’s media spend using our predictive analytics framework built on machine learning and artificial intelligence. Using real-time modelling and advanced KPI prediction we are able to increase a company’s media ROI by up to 15-25%.
  • Verto Analytics — Verto Analytics (Verto) operates a passive metering panel that provides researchers, advertisers, and publishers the data they need to keep up with the rapid and changing pace of consumer media consumption on every app, device, service, and platform. This ongoing, longitudinal panel captures a wide breadth of behaviors—all enriched to clients’behavioral analysis or custom survey studies. Our single-source, passive metering data sets provide the information needed to understand the full digital footprint of the U.S. population. Our Data Labs are located in the US, and in Helsinki, Finland. http://www.vertoanalytics.com.
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The Spartan Group
VC Fund · Singapore, Central Region, Singapore

We advise, invest and build with the best entrepreneurs in Web3.

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Investment focus

  • Blockchain, Cryptocurrency, Software
  • Seed, Series A, Funding Round
  • United States, Singapore, United Kingdom

Portfolio highlights

  • CLST — Buy & sell Bitcoin and cryptos with our easy and seamless Uncollateralized lending. Tust the world's finest crypto borrowing, trading or exchange platform
  • Solana — Solana is the high performance network powering internet capital markets, payments, and crypto applications. Fast. Decentralized. Scalable. Energy efficient. Solana can power thousands of transactions per second.
  • Perion — Win Crypto Questing in AAA Games.
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Icebreaker.vc
VC Fund · Helsinki, Southern Finland, Finland

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

  • Software, Information Technology, Artificial Intelligence
  • Pre-Seed, Seed, Series A
  • Finland, Estonia, Sweden

Portfolio highlights

  • Lutso — Empowering older adults to live independently, safely, and with dignity. Lutso is the smarter way to support aging at home.
  • 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.
  • NROC Security — Prevent data leaks, govern shadow AI, prove compliance, and save 50% on GenAI subscriptions
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Prototron
VC Fund · Tallinn, Harjumaa, Estonia

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

  • Software, Manufacturing, Internet of Things
  • Pre-Seed, Grant, Seed
  • Estonia, Finland, Germany

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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Tolaram Group
VC Fund · Singapore, Central Region, Singapore

Creating Possibilities, for Generations. For over 70 years, Tolaram has been improving lives through our businesses in diverse geographies. We aspire to do even more.

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Investment focus

  • FinTech, Financial Services, Credit
  • Seed, Corporate Round, Equity Crowdfunding
  • India, Brazil, Estonia

Portfolio highlights

  • Click Cash — Click Cash is a mobile App that simplifies the complicated and bureaucratic process of personal unsecured lending to individuals. 
Available on Google Play Store for Android devices, the app uses BigData and Open Banking for a new approach to personal finance, enabling secure and reliable microcredit to financially underserved people, in additionto financial education to help them make the best use of the new credit options that are now opening for the general public.
 Based out of São Paulo (Brazil), the Fintech startup was originally idealized by Estonian entrepreneurs that saw in Brazil and Latin America the opportunity to develop their solution. Key founders bring 15+ years of experience in online lending in Europe and were founders of Amarbank in Indonesia in 2014, which made IPO in January 2020. 
In 2019 it was estimated 45M unbanked and 65M financially underserved, but active and connected people, in Brazil alone. A group that has a financial activity of more than U$154 billion / R$ 800 billion per year, and a huge unmet demand for microcredit.
 Click Cash offers, in a 5 minutes process, from 100 USD to 1.000 USD loans to be paid back in up to 24 months. Flexible and adapted to the new digital economy, we work with other Fintechs and traditional banks alike, using the most advanced technologies in Data Analytics and Mobile Security, i.e: facial recognition and device behavioral analytics, as well as financial history, that enables us to run a full credit analysis in seconds creating personalized offers per user. 
The Click Cash App was officially launched in March 2020, and by May 2021 had +460K downloads and reached Top 5 in finance Apps in Brazil, with 4+ stars rating in Google Play Store.
  • Income — Income is a European marketplace for investing into consumer loans from around the world. Built by investors to investors, we seek to fix the problems of the current peer to peer platforms and to make a better investment experience for all. We connect consumer lending companies around the world to investors and enable an easy, fast and improvedway to invest.
  • Shandi Global — Shandi Global is developing technology that will enable it to manufacture plant-based meat substitutes that have amino acid and protein profiles that are similar to real meats, and thus have more flexible use cases than the current offerings of patties, nuggets, and sausages.
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TMT Investments
VC Fund · St. Helier, NA - Jersey, Jersey

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

  • Software, SaaS, Social Media
  • Seed, Series A, Funding Round
  • United States, United Kingdom, Estonia

Portfolio highlights

  • Enty — Fully online company setup with built-in accounting, invoicing, and expert support. Enty keeps your business compliant and running smoothly from day one.
  • Global Work — Explore 500k+ verified remote, hybrid, and local jobs worldwide. Find your ideal role, compare opportunities, and apply on globalwork.ai!
  • Mobilo Card — Share your contact details with a tap. The best digital business card for teams. This is a real business card, no app. The best and cheapest digital business card.
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RubyLight
VC Fund · Riga, Riga, Latvia

RubyLight is experienced tech entrepreneurs that founded a new technology investment fund in 2010.Their passion is to help fast growing internet and mobile startups to scale and expand globally. Social media, content sharing, communications, and crowd sourcing are their favorite areas of investment.RubyLight offers startups its professionaltech team, proprietary technology, and financial funding to help young companies scale up and expand globally much faster than their competitors.

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Investment focus

  • Apps, Mobile, E-Commerce
  • Seed, Series A, Pre-Seed
  • Estonia, Germany, United Kingdom

Portfolio highlights

  • Yaga — Yaga is designed for everyone who wants to sell items online in a convenient and secure manner.
  • Yaga SA — 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.
  • Peerby — Borrow and rent goods from others nearby - affordable, convenient and green. Tools, bikes, party equipment, electronics and more. Try it now.
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Leovegas
VC Fund · Stockholm, Stockholms Lan, Sweden

LeoVegas is the premier GameTech company and is at the forefront of using state-of-the-art technology for mobile gaming. We are the King of Casino.

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Investment focus

  • Gaming, SaaS, Gambling
  • Seed, Pre-Seed, Funding Round
  • Sweden, Estonia, United Kingdom

Portfolio highlights

  • humbl.ai — humbl.ai offers a modular suite of tools that use Automation and AI to empower iGaming and E-commerce clients in the areas of paid media, affiliation, SEO, and compliance.
  • Like a Boss Games — Like a Boss is a mobile games studio consisting of an awesome team with decades of experience from the worlds most successful gaming companies. The company is on a clear mission to entertain millions of sports fans with innovative social games for smart phones & tablets.
  • BeyondPlay — Home to the best multiplayer real money gaming experience, we are on a mission to redefine how people play.
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Orange DAO
VC Fund

Orange DAO

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Investment focus

  • Cryptocurrency, Blockchain, Software
  • Seed, Pre-Seed, Series A
  • United States, Estonia, Philippines

Portfolio highlights

  • ZKX — ZKX is a permissionless protocol for derivatives built on StarkNet.
  • Cookie3 — Cookie3 utilizes off- and on-chain analytics and an AI data layer to determine quality users who bring value on-chain and reward them for their contribution. It's a three-platform hub for businesses, creators, and users with a unique value offering for all.
  • ILUMA — ILUMA is building the autonomous solution to onboard, manage, engage and support the next 1M DAO communities in web3.
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Foundamental
VC Fund · Berlin, Berlin, Germany

Foundamental is the first partner to exceptional founders re-creating the real world globally

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Investment focus

  • Construction, Software, Real Estate
  • Seed, Series A, Pre-Seed
  • United States, India, Germany

Portfolio highlights

  • Enter — baupal seeks to democratize sustainable and customized architecture, making design, energy assessments, permitting and cost evaluations more accessible and straightforward for private builders and smaller construction projects. baupal is an online building application service that takes advantage of digital processes and efficient team structuresto streamline design, planning and permitting processes for a range of small-scale projects.baupal was established in December, 2020 in Berlin, Germany.
  • Lun — Your all-in-one heat pump platform. Streamline system design, lead qualification, scheduling, quoting and much more.
  • Adaptive Real Estate — Experience a stress-free back office for less than what you pay for dumpsters.
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Atomico's Angel Programme
VC Fund

investment firm

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Investment focus

  • Software, B2B, SaaS
  • Pre-Seed, Seed, Angel
  • Estonia, Germany, Norway

Portfolio highlights

  • Improvin' — Improvin' is a sustainability performance platform that helps agri-food companies measure, report and reduce greenhouse gas emissions in their own value chain.
  • Tradesnest — Tradesnest is an AI powered B2B SaaS-Marketplace that revolutionises the B2B industry by removing the barriers for brands looking for distributors and retailers to enter new markets. With Tradesnest, getting your innovations on retailers’ shelves in new markets around the world has never been this easy!
  • Every Health — Every Health focuses on "holistic, needs-based medical care for the LGBTQIA+ community".
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Vesna Capital
VC Fund · Kyiv, Kyyiv, Ukraine

Vesna Capital is a venture capital fund founded by successful entrepreneurs and innovators.

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Investment focus

  • Mobile
  • Seed
  • United States

Portfolio highlights

  • Jome — On our platform, you can search for and tour thousands of new construction homes and communities near you. Our new home experts are ready to guide you through the entire home-buying process and will help you turn your dream home into a reality
  • Submix — Submix is a music technology startup that is changing how musicians, producers, and audio professionals work on music projects.
  • Miros — Revolutionizing ecommerce with AI-powered visual search and semantic search. Seamless, tagless, and intuitive product discovery for all shoppers.
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Resist.UA
VC Fund · Kyiv, Kyyiv, Ukraine · 1 investment in the past 12 months

Resist.UA is a venture fund aimed at investing in Ukrainian mil-tech companies during the war with Russia. Its goal is to build a strong mil-tech sector in Ukraine using an unprecedented opportunity to test products on real battlefields and help Ukraine bring victory home.

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Investment focus

  • Laser, Drones, Military
  • Pre-Seed
  • Estonia

Portfolio highlights

  • M-FLY — M-FLY is a company that develops ITAR-free gimbals tailored for the drone industry, integrating electro-optical cameras, infrared imagers, and various sensor payloads to enhance performance in diverse applications. The gimbals are designed for use in both military and civilian sectors, providing stability and precision for aerial imaging and datacollection. M-FLY focuses on research and development to incorporate emerging technologies, ensuring that their products meet the evolving needs of the market. The company aims to support users in achieving accurate geolocation and range finding, facilitating various operations in surveillance, mapping, and environmental monitoring.
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Day One Capital
VC Fund · Budapest, Budapest, Hungary · 2 investments in the past 12 months

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.

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Investment focus

  • Software, Artificial Intelligence, Information Technology
  • Seed, Series A, Pre-Seed
  • Hungary, United States, Croatia

Portfolio highlights

  • Qneiform — The Leading Financial Services Talent Data Platform
  • Orqa — Orqa d.o.o. was founded in 2018...
  • Whalebone — Whalebone offers zero disruption cybersecurity products to Telcos, ISPs, and enterprises.
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Collective Ventures
VC Fund · Fort Lauderdale, Florida, United States

Moving financial inclusion forward.

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Investment focus

  • FinTech, Blockchain, Software
  • Seed, Series A, Initial Coin Offering
  • Germany, Estonia, United States

Portfolio highlights

  • Nira — NIRA is an RBI approved instant loan app that provides low interest instant loans. NIRA Finance is the best app for salaried people where you can avail a loan up to 1 lakh on EMI using a secure 100% online process. Low Interest Loans up to 1 lakh for salaried.
  • nuvo — Transform the way you import data with nuvo, to create fast, non-technical way to handle spreadsheet data.
  • Flowers-Software GmbH — Flowers Software is an organization management for digitizing, simplifying and automating recurring workflows.Flowers -Software can be used independent of company size, industry, region, and existing company structure due to its highly flexible no-code process editor.
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Barolo Investment Partners
VC Fund · Nedlands, Western Australia, Australia

Barolo Investment Partners is an investment firm.

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Investment focus

  • Rental, Customer Service, Service Industry
  • Seed
  • Estonia

Portfolio highlights

  • Elmo — In our car sharing business Elmo Rent we wanted to serve maximum customers with minimum resources, so we created remote control technology to deliver vehicles.
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Visionplus
VC Fund · Helsinki, Southern Finland, Finland

WE HELP YOU TO GROW FASTER!

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Investment focus

  • Software, Information Technology, Internet
  • Seed, Funding Round, Series A
  • Finland, United States, United Kingdom

Portfolio highlights

  • Pebble — Pebble is a electric vehicle manufacturing startup.
  • Transfluent — Professional translations for all business needs. Fast. Easy.
  • BetterDoctor — Our provider network software solutions & services provide unmatched tools & insights for you. Discover how you can measure, manage, monitor & model.
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F+ Ventures
VC Fund · Istanbul, Istanbul, Turkey

F+ Ventures is Fark Labs’ venture capital arm, which invests in late seed and Series A startups within the smart mobility ecosystem that provide disruptive solutions through superior technologies and/or unique business models.

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Investment focus

  • Software, Automotive, Manufacturing
  • Seed, Series A, Pre-Seed
  • Turkey, United States, Israel

Portfolio highlights

  • Buyutech — Democratizing the autonomy by changing the way of perception. We work for a world where your loved ones are safe on the roads we offer affordable and scalable products that will become the eyes of the millions.
  • Wayve — Wayve are pioneering an AI-centric approach to self-driving, inspired by our vision of a smarter, safer and more sustainable world.
  • Saykal — Saykal develops and manufactures advanced technology in sensing, detection, and imaging systems for global-scale strategic and scalable industries, especially automotive.
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Proxy Ventures
VC Fund · London, England, United Kingdom

We have created brands for startup successes Supercell, Oura, Peak, Festicket and Fy! Being investors, we have an uniquely commercial branding approach.

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Investment focus

  • Health Care, Marketplace, Mobile Apps
  • Seed, Funding Round, Angel
  • United Kingdom, Finland, United States

Portfolio highlights

  • Ready — Join over 2 million Argent users and get the best of Ethereum at a fraction of the cost. Easily buy, earn, stake and invest in crypto on Starknet.
  • Elo Health — Elo develops a precision nutrition service that uses biomarkers to deliver nutrition for optimal health and aging with confidence.
  • Five Lives — Five Lives, your brain health coach. Take the risk assessment and start improving your brain health today!
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Koray Bahar
VC Fund

Investor

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Investment focus

  • Marketing, E-Commerce, Peer to Peer
  • Seed
  • Estonia

Portfolio highlights

  • Glocalzone — Glocalzone is a platform that connects shoppers who want to buy products from abroad and travelers who want to make a profit.
  • HoustonBionics — HoustonBionics is proud to introduce ExoRehab X, a revolutionary at home stroke rehabilitation device to help support recovery.
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Vereeni Investments
VC Fund

Yolo Investments is focusing on late seed & series A stage investments in igaming, fintech and crypto.

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Investment focus

  • FinTech, Marketplace
  • Seed
  • Estonia

Portfolio highlights

  • askRobin — Tu buscador financiero gratuito
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BENE Asia Capital
VC Fund

BENE ASIA CAPITAL

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Investment focus

  • FinTech, Marketplace
  • Seed
  • Estonia

Portfolio highlights

  • askRobin — Tu buscador financiero gratuito
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Spring Capital
VC Fund · Tallinn, Harjumaa, Estonia

Investments in exceptional teams in the Baltics & Nordics.Our two main focuses include: 1. Startups with a technological edge. Seed stage. Our check size is from €50K up to €200K. With a vast experience in startup building, we typically get hands-on with our advice and help the founders achieve operational excellence. 2. Innovators oftraditional sectors. SMEs with a proven track and strong market position. Clear plans to accelerate the growth. Our investment ticket can be from €300K to €700K to support these aspirations. If you think we have a match, reach out through invest@springcapital.ee.

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Investment focus

  • Software, SaaS, E-Commerce
  • Seed, Pre-Seed, Series A
  • Estonia, Finland, United States

Portfolio highlights

  • Uniify — Uniify is a no-code customer onboarding software that makes it fast, easy and secure for financial companies to onboard their customers. Save your business time and money, and build onboarding flows for your customers in minutes instead of months.
  • Crisp — Crisp connects data between retailers, distributors, and brands to power real-time insights across the supply chain.
  • Salesforge — Salesforge is an all-in-one sales execution super app that gives every sales team the highest probability to hit their target by tackling email deliverability and the need to personalize cold email outreach at scale.We do that by enabling real-time AI & machine learning to decision critical sales activities, enhance messaging and eliminatethe need for various sales point solutions, therefore driving superior conversion rates.
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Ukrainian Startup Fund
VC Fund · Kyiv, Kyyiv, Ukraine

USF originally set up to promote the development of the local startup ecosystem and today is the largest local angel investor with already 130 funded startups and the most extensive startups database and stakeholders (over 3,000 applications).

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Investment focus

  • Software, Information Technology, SaaS
  • Pre-Seed, Seed, Grant
  • Ukraine, United States, Estonia

Portfolio highlights

  • Sitniks — Sitniks is a business process automation solution for retail on Instagram.
  • Banani AI — AI-powered UI design tool. Free text to UI design generation. Create stunning wireframes and high-fidelity designs fast. Edit designs with text prompts.
  • Crosscheck Sustainability Suite — The Sustainability Suite is a platform that simplifies external audits and accelerates compliance
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Bank Of Georgia Group
VC Fund · London, England, United Kingdom

Lion Finance Group PLC's investor website offers comprehensive resources, including the latest news, quarterly earnings, annual reports, corporate policies, and governance insights to support informed investment decisions.

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Investment focus

  • Software, Productivity Tools, Sales
  • Seed, Pre-Seed
  • Estonia, The Netherlands

Portfolio highlights

  • WeGoTrip — Book self-guided audio tours with skip-the-line tickets to museums, galleries, and many other attractions.
  • Nextsale — Boost website sales with social proof & urgency tools. Nextsale makes users feel the experience of shopping in a dynamic website.
  • Stack — Stack is an immersive experience of the internet with collaboration at its core. Achieve more with your peers in an organized environment
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