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Top 50 Mobile Startup Investors in Estonia (October 2026)

The most active venture capital funds and angel investors investing in Estonia Mobile startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Estonia Mobile startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Tera Ventures
VC Fund
4 Estonia, United States, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, FinTech $120k–$14M
SMOK Ventures
VC Fund
4 Poland, United States, Ukraine Seed, Pre-Seed Software, Information Technology, SaaS $54k–$3M
Funderbeam
VC Fund
4 Estonia, Croatia, Denmark Seed, Equity Crowdfunding, Venture - Series Unknown FinTech, Software, CleanTech $192k–$2M
Superangel
VC Fund
4 Estonia, United States, Finland Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $170k–$20M
Jaan Tallinn
Angel
4 United States, Estonia, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $540k–$124M
Kristjan Raude
Angel
4 Estonia, United States Equity Crowdfunding, Seed, Pre-Seed Software, Automotive, Internet of Things $73k–$2.7M
Superhero Capital
VC Fund
4 Finland, Lithuania, Estonia Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $114k–$7.3M
Change Ventures
VC Fund
3 Estonia, Latvia, Lithuania Seed, Pre-Seed, Series A Software, Information Technology, Apps $273k–$39M
AU21 Capital
VC Fund
2 United States, Singapore, India Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Gaming $1.1M–$8M
Latitude59
VC Fund
2 Estonia Convertible Note FinTech, Software, Mobile Payments $550k–$550k
Prototron
VC Fund
2 Estonia, Finland, Germany Pre-Seed, Grant, Seed Software, Manufacturing, Energy $4k–$66k
Toomas Bergmann
Angel
2 Estonia Seed, Angel Quality Assurance, Hardware, Mobile Apps $100k–$373k
Madis Müür
Angel
2 Estonia, United States Equity Crowdfunding, Seed, Pre-Seed Apps, Cycling, Security $73k–$1.4M
Spring Capital
VC Fund
2 Estonia, Finland, United States Seed, Pre-Seed, Series A Software, SaaS, E-Commerce $426k–$9.1M
TA Ventures
VC Fund
2 United States, Germany, India Seed, Pre-Seed, Series A Software, E-Commerce, Health Care $150k–$28M
Andrus Purde
Angel
2 Estonia, United Kingdom, Cyprus Seed, Pre-Seed Software, SaaS, Internet $100k–$5.4M
Priit Kasesalu
Angel
2 Estonia Seed iOS, Apps, Email $276k–$382k
BADideas.fund
VC Fund
2 Estonia, Latvia, Lithuania Seed, Pre-Seed, Grant Software, Information Technology, Artificial Intelligence $110k–$3.6M
Märt Kelder
Angel
2 Estonia, Pakistan, Bangladesh Seed, Angel, Pre-Seed Information Technology, Software, Ride Sharing $100k–$2.2M
TMT Investments
VC Fund
2 United States, United Kingdom, Estonia Seed, Series A, Series B Software, SaaS, Social Media $300k–$35M
Ragnar Sass
Angel
2 Estonia, Ukraine, United States Seed, Pre-Seed, Angel Software, Information Technology, Marketplace $206k–$5.9M
Jason Calacanis
Angel
2 United States, Australia, Canada Pre-Seed, Seed, Convertible Note Software, SaaS, Artificial Intelligence $25k–$5.3M
OIG Ventures
VC Fund
2 Estonia, Singapore, Vietnam Seed, Series A, Initial Coin Offering Gaming, Blockchain, Cryptocurrency $1.7M–$9M
Rain Lõhmus
Angel
2 Estonia, United Kingdom, United States Seed, Angel, Series A Mobile Payments, Apps, SaaS $263k–$5.7M
Multitude Bank
VC Fund
2 Latvia, Norway, Estonia Debt Financing, Post-IPO Debt, Post-IPO Equity FinTech, Financial Services, Banking $5.8M–$20M
Verge HealthTech Fund
VC Fund
2 Estonia, Singapore, United States Seed, Pre-Seed, Series A Health Care, Medical, Medical Device $500k–$4.7M
Martin Tajur
Angel
2 Estonia, Poland, Ukraine Pre-Seed, Seed, Angel Software, Artificial Intelligence, SaaS $136k–$2.7M
EstBAN
VC Fund
2 Estonia, Latvia, Lithuania Seed, Pre-Seed, Angel Software, CleanTech, Manufacturing $95k–$1.5M
Ivo Remmelg
Angel
1 Estonia, Latvia, Norway Seed, Angel, Pre-Seed Mobile, Sports, FinTech
Connect Ventures
VC Fund
1 United Kingdom, United States, Germany Seed, Series A, Pre-Seed Software, SaaS, Financial Services
Avalon Wealth Club
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Gaming
Manu Marín
Angel
1 Estonia Pre-Seed Apps, FinTech, Mobile Apps
Jens Ohr
Angel
1 Estonia, Germany Seed, Pre-Seed FinTech, Software, Mobile Payments
Riccardo Zacconi
Angel
1 United States, Sweden, Italy Seed, Series A, Pre-Seed Gaming, Apps, Mobile $700k–$30M
Kristian Segerstrale
Angel
1 United States, Finland, India Seed, Series A, Angel Gaming, Mobile, PC Games $1M–$24M
Aaron Patzer
Angel
1 United States, Estonia, New Zealand Seed, Pre-Seed, Series A Software, SaaS, Health Care $150k–$6.1M
Concentric
VC Fund
1 United Kingdom, United States, Germany Seed, Series A, Series B Financial Services, Software, Bitcoin
Mana Ventures
VC Fund
1 United States, Canada, Mexico Seed, Series A, Pre-Seed Software, SaaS, Artificial Intelligence
Raivo Kütt
Angel
1 Estonia Angel Apps, Gaming, Mobile
Dragonfly
VC Fund
1 United States, Singapore, Hong Kong Seed, Series A Blockchain, Cryptocurrency, Financial Services
Practica Capital
VC Fund
1 Lithuania, United Kingdom, United States Seed, Series A B2B, Software, Information Technology
APX
VC Fund
1 Estonia Seed FinTech, Software, Mobile Payments
Aare Järvan
Angel
1 Estonia Angel Apps, Gaming, Mobile
G-FUND
VC Fund
1 United Kingdom, Germany, Switzerland Seed, Pre-Seed, Series A Wellness, Health Care, Food and Beverage
Marko Oolo
Angel
1 Estonia, United Kingdom Seed, Series B AgTech, Mobile, Parking
Rain Rannu
Angel
1 United States, Estonia Seed Software, CRM, Digital Signage
Hyde Park Venture Partners
VC Fund
1 United States, Canada, Estonia Seed, Series A, Series B Software, SaaS, Information Technology
Veljo Otsason
Angel
1 Estonia, United Kingdom, United States Seed, Angel, Pre-Seed Identity Management, Information Technology, Film $540k–$1.5M
IR21 Capital
VC Fund
1 Singapore Pre-Seed Comics, Blockchain, Marketplace
Taavi Madiberk
Angel
1 Estonia Seed, Angel, Pre-Seed Software, Information Technology, SaaS
Access all 66 investors in Estonia Mobile startups.

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

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Investor list

Tera Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 4 investments in Estonia Mobile startups

Tera Ventures is an international investment firm based in Estonia.

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Investment focus

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

Investor stats

  • Total investments: 71
  • Round size: Seed $600k–$3.8M; Pre-Seed $120k–$2.2M; Series A $1.6M–$14M
  • Lead/follow: 62% lead, 38% 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!
  • Cino — Cino automatically deducts everyone's share from their bank accounts. Create groups with whom you want to share bills, set your ratio split & stop fronting costs!
  • 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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SMOK Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 4 investments in Estonia Mobile startups

Bridging Silicon Valley to CEE

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Poland, United States, Ukraine

Investor stats

  • Total investments: 83
  • Round size: Seed $477k–$3M; Pre-Seed $54k–$1.4M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: Likely still investing — raised $25M in 2024

Portfolio highlights

  • Paypercut — Paypercut is a fintech startup that allows small and mid-scaled merchants to offer Buy Now, Pay Later at checkout via a single integration.
  • Primio — The platform that takes an app from idea to install, because code stopped being the bottleneck.
  • Principle — Test your strategic decisions before you commit. Principle simulates competitors, regulators, and market forces to stress-test your bets against adversarial reality.
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Funderbeam
VC Fund · London, England, United Kingdom · 4 investments in Estonia Mobile startups

Funderbeam is a funding and trading platform that connects companies and investors to buy and sell equity stakes. The platform allows the founders to gain exposure, legal support, a funding manager, or an investor network. It also allows the investors to take control of their investments and trade anytime they want.The company was founded in 2013as a global data platform for startup companies.

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Investment focus

  • Industry: FinTech, Software, CleanTech
  • Stage:Seed, Equity Crowdfunding, Venture - Series Unknown
  • Geography: Estonia, Croatia, Denmark

Investor stats

  • Total investments: 15
  • Round size: Seed $444k–$2M; Equity Crowdfunding $192k–$1.1M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Earthbound — MIRET sustainable, natural sneakers - made from 7 amazing plant materials and eco-certified New Zealand wool. Crafted for all the reasons.
  • Snabb — Snabb delights vehicle owners by enabling services such as parking, washing, charging, and fuelling from one user-friendly and convenient interface- the Snabb App. Browse, book, navigate, start, pay, review and manage your vehicle services from one easy-to-use App.Founded in 2015, we've grown from a Tallinn-based private parking App to aninternational platform that serves over 50,000 users in 10 markets on a monthly basis.We are constantly working towards connecting all vehicle service providers to our platform and thus enabling the ultimate convenience and simplicity to vehicle owners. Browse, book, navigate, start, pay, review and manage your vehicle services from one easy-to-use App.
  • Botsync — Botsync builds autonomous mobile robots to automate and digitize movement of goods from point to point for the logistics and manufacturing industry. Our robots can carry payloads from 500 kg to 1 tonne and are designed to operate in dynamic environments. Botsync's AMRs can be implemented at new facilities in minimal time with very minimalchanges to the existing infrastructure. With our technology, we hope to pioneer and push for larger scale adoptions of robotic automation in Asia's logistics and manufacturing industry.
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Superangel
VC Fund · Tallinn, Harjumaa, Estonia · 4 investments in Estonia Mobile 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: 82
  • Round size: Seed $800k–$6.2M; Pre-Seed $170k–$1.6M; Series A $5.6M–$20M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $32M in 2022

Portfolio highlights

  • OTee — OTee's Industrial Automation platform makes it possible to create and manage industrial-grade virtual control systems, based on open standards and architecture!
  • Spiral Hydrogen — All-in-one, bubble-free centrifugal electrolyzer with an embedded axial flux generator that sets a new standard in efficiency and simplicity.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
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Jaan Tallinn
Angel · Tallinn, Harjumaa, Estonia · 4 investments in Estonia Mobile 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, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Estonia, United Kingdom

Investor stats

  • Total investments: 67
  • Round size: Seed $540k–$15M; Pre-Seed $799k–$2.1M; Series A $3.3M–$124M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • ZaiNar — ZaiNar turns the wireless networks that already exist into a sensor, delivering centimeter-level 3D location indoors, outdoors, and underground.
  • 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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Kristjan Raude
Angel · 4 investments in Estonia Mobile startups

I am a serial entrepreneur and angel investor with 15+ years of international experience in sales & marketing, leading teams of 300+ with annual revenue of 10M+. Founder of 3 international companies and investor to 10+ startups. Member of the board at Estonian Business Angels Network.

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Investment focus

  • Industry: Software, Automotive, Internet of Things
  • Stage:Equity Crowdfunding, Seed, Pre-Seed
  • Geography: Estonia, United States

Investor stats

  • Total investments: 14
  • Round size: Seed $491k–$1.3M; Pre-Seed $73k–$584k; Equity Crowdfunding $171k–$2.7M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Askly — Add multilingual chat to any site in 2 minutes. Providing multilingual customer support is easy and affordable. Start a 30-day free trial today.
  • Snabb — Snabb delights vehicle owners by enabling services such as parking, washing, charging, and fuelling from one user-friendly and convenient interface- the Snabb App. Browse, book, navigate, start, pay, review and manage your vehicle services from one easy-to-use App.Founded in 2015, we've grown from a Tallinn-based private parking App to aninternational platform that serves over 50,000 users in 10 markets on a monthly basis.We are constantly working towards connecting all vehicle service providers to our platform and thus enabling the ultimate convenience and simplicity to vehicle owners. Browse, book, navigate, start, pay, review and manage your vehicle services from one easy-to-use App.
  • Promoty — Influencer marketing platform that helps you to find creators, manage influencer relationships, and save time on influencer marketing. Get started here!
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Superhero Capital
VC Fund · Helsinki, Southern Finland, Finland · 4 investments in Estonia Mobile startups, 15 in the past 12 months

Some call you founders. We call you Superheroes. Seed stage VC investing in insight-driven startups in Finland and the Baltics. Tickets 100 K€ - 1000 K€.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Finland, Lithuania, Estonia

Investor stats

  • Total investments: 103
  • Round size: Seed $228k–$2.6M; Pre-Seed $114k–$1.8M; Venture - Series Unknown $1.6M–$7.3M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely actively investing — fresh fund, raised $41M in 2025

Portfolio highlights

  • Bilt.me — Describe your app idea and Bilt builds it. Preview on your phone, publish to the App or Play Store when you're ready.
  • Guideless — Guideless turns any browser workflow into a polished, AI-narrated video guide in minutes. No screen recording, no tedious editing. Just turn on our Chrome extension, click through your process as you normally would, and instantly get a share-ready guide.Use cases: Product walkthroughs, customer onboarding, employee training, and supportdocumentation.Key features: - AI-written narration and natural voiceover. - Smart zooms and highlights for clarity. - Built-in captions for accessibility. - Always consistent and on-brand. - Shareable URLs, embed codes, and export to MP4How it works: - Add the Chrome extension. - Capture your workflow. - Share your guide.Privacy built-in: Your guides and data are never used to train AI models and are securely encrypted.Check https://guideless.ai/gallery and get inspired with curated guides showcasing workflows, product demos, and tutorials across every use case.
  • SeeTrue Technologies — Ultra-low-power eye tracking from SeeTrue delivers accurate gaze data for AR/VR, microscope & camera eyepieces and wearables, powered by custom sensors.
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Estonia Mobile 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: 65
  • Round size: Seed $500k–$4.2M; Pre-Seed $273k–$2.2M; Series A $1M–$39M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • BirdyChat — A modern work chat app for professionals. Start conversations with anyone using their work email. Collaborate and grow your network.
  • Giraffe360 — Real estate camera and AI software for versatile listing media
  • Saltz — Premium ingredients for your menu with no hidden delivery fees or markups.
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AU21 Capital
VC Fund · San Francisco, California, United States · 2 investments in Estonia Mobile startups

A fund dedicated to backing the most brilliant minds in the blockchain space

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Venture - Series Unknown
  • Geography: United States, Singapore, India

Investor stats

  • Total investments: 217
  • Round size: Seed $1.1M–$5.8M; Venture - Series Unknown $1.3M–$8M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • A-World — Welcome to Animal World, a battle game based on #BNBCHAIN's super metaverse card tower defense. By setting up a hero tower to destroy monsters.
  • NeuronX — The First AI-Driven Lending Protocol on @dfinity
  • Vue Protocol — Community-First Layer for AI Memecoins. @solana @pumpdotfun @ton_blockchain Dvo1Fb7FxtUxsLbcQaizftfUT9HtL9P6swaQAScZDeQQ
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Latitude59
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Mobile startups

Latitude59 is the flagship startup and tech event of e-Estonia - the world’s first digital society.At Latitude59, we bring together the Baltic, Nordic and Northeastern Europe’s tech ecosystem and provide a platform for entrepreneurs, investors and leaders to learn, connect and network.We believe that entrepreneurial minds, inspiringleadership, lean companies and proactive governments are the way forward in creating the digital future.Our mission is to put Estonia on the world map as a leading tech and startup country.

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Investment focus

  • Industry: FinTech, Software, Mobile Payments
  • Stage:Convertible Note
  • Geography: Estonia

Investor stats

  • Total investments: 2
  • Round size: Convertible Note $550k–$550k
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Cino — Cino automatically deducts everyone's share from their bank accounts. Create groups with whom you want to share bills, set your ratio split & stop fronting costs!
Show all investments...

Access 48,091 investors

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

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Prototron
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Mobile 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, Energy
  • Stage:Pre-Seed, Grant, Seed
  • Geography: Estonia, Finland, Germany

Investor stats

  • Total investments: 55
  • Round size: Seed $4k–$13k; Grant $5.3k–$24k; Pre-Seed $6.2k–$66k
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • 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.
  • 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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Toomas Bergmann
Angel · 2 investments in Estonia Mobile startups

Toomas Bergmann

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Investment focus

  • Industry: Quality Assurance, Hardware, Mobile Apps
  • Stage:Seed, Angel
  • Geography: Estonia

Investor stats

  • Total investments: 4
  • Round size: Seed $100k–$373k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • GScan — Cosmic-ray based solutions for 3D imaging. GScan redefines the boundaries of 3D scanning with Muon Flux Technology (MFT) detectors. Unparalleled quality, safety, ease-of-use. Scan anything. Detect everything.
  • Bolt — The smartest way to move around in cities. Forget expensive taxi rides or slow public transport. Get a ride in minutes. Download the Bolt app for iOS and Android.
  • mu-ray.tech — MuRay Tech generates a controlled muon beam to image inside solid metal and 3D printed pieces. Non-destructively. In minutes.
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Madis Müür
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Mobile startups

Madis Müür

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Investment focus

  • Industry: Apps, Cycling, Security
  • Stage:Equity Crowdfunding, Seed, Pre-Seed
  • Geography: Estonia, United States

Investor stats

  • Total investments: 8
  • Round size: Seed $549k–$1.3M; Pre-Seed $73k–$584k; Equity Crowdfunding $97k–$1.4M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • Bikeep — Smart bike and e-scooter stations with app access, fire-safe e-charging, and real-time monitoring from anywhere. 10,000+ devices across 30+ countries.
  • Promoty — Influencer marketing platform that helps you to find creators, manage influencer relationships, and save time on influencer marketing. Get started here!
  • FleetFox — Full-stack fleet care service. Hands-on fleet services powered by technology for car-sharing and business fleets across Europe.
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Spring Capital
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Mobile startups

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

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

Investor stats

  • Total investments: 26
  • Round size: Seed $426k–$2.5M; Pre-Seed $500k–$2.5M; Series A $7.4M–$9.1M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $7.4M in 2018

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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TA Ventures
VC Fund · Frankfurt, Hessen, Germany · 2 investments in Estonia Mobile startups

TA Ventures is a global, network-driven VC firm investing in early-stage tech startups that redefine the industries of tomorrow. We typically write initial checks of $100-250K for Pre-Seed and Seed companies and actively provide follow-on investments. We pride ourselves on swift execution, hands-on support, and leveraging our extensiveinternational network. By connecting our portfolio companies with growth-oriented co-investors, we help them scale effectively through subsequent funding rounds. Additionally, we draw on our deep industry expertise to offer portfolio companies and partner VCs access to top-tier, cost-efficient R&D talent.

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Investment focus

  • Industry: Software, E-Commerce, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Germany, India

Investor stats

  • Total investments: 293
  • Round size: Seed $426k–$6M; Pre-Seed $150k–$2.3M; Series A $2.5M–$28M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Willidrop — Willidrop is a B2B automotive logistics platform that optimizes cross-border vehicle transportation. The company provides a unified digital coordination layer that integrates real-time pricing, carrier matching, live tracking, and digital proof of delivery into a single workflow.
  • SpeedLabs — The real-time market engine and foundational AI for sports.
  • Native Commerce — A unified e-commerce platform combining CMS, OMS, WMS, Delivery & Logistics to help modern retailers operate, scale & deliver great e-commerce experiences.
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Andrus Purde
Angel · 2 investments in Estonia Mobile startups

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

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Investment focus

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

Investor stats

  • Total investments: 11
  • Round size: Seed $100k–$5.4M; Pre-Seed $292k–$2.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Avrio — Capture and share data analysis, user research, and learnings directly in context, with your team.
  • SegmentStream — At SegmentStream we partner with growth leaders to drive more revenue from paid media through full-funnel attribution, incrementality measurement and automated cross-channel budget allocation powered by predictive AI.
  • Jälle Technologies — Jälle Technologies create advanced recycling technologies that transform battery waste into high-value resources.
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Priit Kasesalu
Angel · 2 investments in Estonia Mobile 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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BADideas.fund
VC Fund · 2 investments in Estonia Mobile startups, 11 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: 43
  • Round size: Seed $939k–$3.6M; Pre-Seed $110k–$1.3M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Tapaya — A modern, fast payment app that runs on any device you already own: phone, tablet or kiosk. Accept contactless payments in store with Tap to Pay, with nothing to buy and nothing to install on a counter.
  • ForActive — ForActive The Best App to Buy & Sell Memberships
  • Spotwise.ai — Spotwise hears every ad on radio, TV and podcasts, then does the work that follows: lead gen, pitch prep and delivery verification in one system.
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Märt Kelder
Angel · Berlin, Berlin, Germany · 2 investments in Estonia Mobile startups

founder at Voog.

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Investment focus

  • Industry: Information Technology, Software, Ride Sharing
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Estonia, Pakistan, Bangladesh

Investor stats

  • Total investments: 10
  • Round size: Seed $100k–$333k; Angel $100k–$500k; Pre-Seed $2M–$2.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • BusCaro — Comfort, Reliability Consistency. Your one-stop solution for hassle-free commute. Commute Made Easier About BusCaro Innovative approach towards mobility for organizations across Pakistan. BusCaro is a tech-based startup providing solutions aimed at simplifying commute. Paired with a reliable technology stack, and the mission to drive a positive change in the mobility sector, BusCaro is a seamless
  • Supersimple — Supersimple helps SaaS companies use customer behavior data to drive decisions in product & sales.
  • ScamGuardian.AI — ScamGuardian develops AI-powered victim simulations to capture actionable scam intelligence
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TMT Investments
VC Fund · St. Helier, NA - Jersey, Jersey · 2 investments in Estonia Mobile 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, Series B
  • Geography: United States, United Kingdom, Estonia

Investor stats

  • Total investments: 117
  • Round size: Seed $300k–$5M; Series A $1.5M–$11M; Series B $1.7M–$35M
  • Lead/follow: 32% lead, 68% 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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Ragnar Sass
Angel · 2 investments in Estonia Mobile startups

Ragnar Sass is the Co-Founder of Darkstar Camp. He previously worked at LIFT99 as a Founder and CEO. Ragnar Sass attended Estonian Business School.

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Investment focus

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

Investor stats

  • Total investments: 35
  • Round size: Seed $677k–$5.9M; Pre-Seed $206k–$2M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Alvin — Highly accurate, automated column-level lineage, powering your data workflows.
  • BeTRITON — 100% electric recreational vehicle - revolution in sustainable travel. BeTRITON (formerly known as Z-Triton) offers extraordinary experience and freedom to travel both over land and water.
  • Around — The largest network of workspaces on flexible terms. We are a savvy team from Latin America providing fast-growing companies with on-demand access to flexible office space. Everywhere.We believe work at its best is always creative and collaborative, expressed with freedom, autonomy, and purpose; and the space surrounding us should help us achieveit, anywhere & everywhere.We are shaping the future of work today by improving workspaces and the rules around them, and helping innovative teams find their ideal space to make their best work every day — our first step on a journey to change the way we work and think about work.Our best work. Anywhere. Everywhere. We are Around.
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Jason Calacanis
Angel · San Francisco, California, United States · 2 investments in Estonia Mobile startups, 25 in the past 12 months

Jason Calacanis is the Founder and CEO of Inside.com and Launch. He previously worked at Weblogs as a Co-Founder and CEO. Jason Calacanis attended Fordham University.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Convertible Note
  • Geography: United States, Australia, Canada

Investor stats

  • Total investments: 785
  • Round size: Seed $525k–$5.3M; Pre-Seed $100k–$2.1M; Convertible Note $25k–$1M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Hermetiq — Migrate to Bazel, run your builds, and improve build performance with Hermetiq. Explore AI-powered build operations in the cloud or your environment.
  • 8090 Solutions — Enabling every enterprise to benefit from purpose-built, transformative, high quality software.
  • Neurometric AI — Making Intelligence Free | https://t.co/ZxWxeMBJt2 | https://t.co/W8nlLqYwQi
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OIG Ventures
VC Fund · 2 investments in Estonia Mobile startups

OIG Ventures is an investment firm.

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Investment focus

  • Industry: Gaming, Blockchain, Cryptocurrency
  • Stage:Seed, Series A, Initial Coin Offering
  • Geography: Estonia, Singapore, Vietnam

Investor stats

  • Total investments: 14
  • Round size: Seed $1.7M–$9M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Rivalz Network — Join the connectivity infrastructure between AI Agents, DeFAI and Markets.
  • GEMS — GEMS is an Esports 3.0 aggregator Platform that combines the elements of GameFi, Esports, Metaverse and SocialFi (GEMS).
  • Aura Network — Aura Network is the dedicated RWA chain designed for the next generation of enterprise, entertainment, and government innovation, delivering enhanced efficiency, transparency, and accessibility
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Rain Lõhmus
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Mobile startups

Rain co-founded Livonia Partners. He has one of the most extensive investment and entrepreneurial track records in the Baltics across a wide range of industries. In 1991 Rain co-founded Hansabank, the largest pan-Baltic financial institution. The bank grew both organically and via acquisitions into the largest bank in the Baltics and was sold toSwedbank in 1998. In 1999 Rain created and later successfully exited a venture capital fund, New Economy Ventures, having invested in 7 technology companies, including Forticom and CV-Online. The fund returned to its investors more than 8 times the invested capital. In 1999 Rain also founded LHV Group, a pan-Baltic banking group, which held its IPO on Tallinn Stock Exchange in 2016. In 2005 he co-founded LHV Capital with Mindaugas Utkevičius and has invested into Veju Spektras, Archyvu Centras, Qvalitas Medical Centre and Baltic Ticket Holdings.

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Investment focus

  • Industry: Mobile Payments, Apps, SaaS
  • Stage:Seed, Angel, Series A
  • Geography: Estonia, United Kingdom, United States

Investor stats

  • Total investments: 7
  • Round size: Seed $263k–$5.7M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
  • Wwwash — Download wwwash app. Car wash - hardware and software to connect every car wash to cloud. wwwash.
  • Sweatcoin — Sweatcoin is a digital currency backed by physical movement. They verify and convert movement into currency. Users can then donate it to charity, transfer to other users or spend on products, services, and experiences provided by Sweatcoin vendors and user community.Sweatcoin tackles Present Bias by moving the future benefits of exercise into thehere and now- immediately converting movement into a digital currency and changing the perception of physical movement.
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Multitude Bank
VC Fund · Sliema, NA - Malta, Malta · 2 investments in Estonia Mobile startups

Multitude Bank offers banking and digital financial services.

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Investment focus

  • Industry: FinTech, Financial Services, Banking
  • Stage:Debt Financing, Post-IPO Debt, Post-IPO Equity
  • Geography: Latvia, Norway, Estonia

Investor stats

  • Total investments: 5
  • Round size: Debt Financing $5.8M–$20M
  • Lead/follow: 80% lead, 20% follow

Portfolio highlights

  • ESTO — ESTO is an international company that provides various financial services. Founded in 2016, the Estonian company now offers innovative payment solutions in the Baltics and features a network of over 1000 partners and more than 120 000 consumers.The company helps merchants to sell and clients to buy - in an easy and convenient way. Merchants canintegrate the ESTO technological Checkout solution to their offline or online shop and give their customers an opportunity to buy now and pay later. ESTO innovative financial products like ESTO Slice, ESTO Hire-Purchase and ESTO Pay Later allow shoppers to get the purchased product now and pay for it later in several installments, and unders certain conditions - with no fees or interest. With another popular ESTO product - ESTO account - shoppers can quickly transfer money to their personal bank account, shop at their favourite brands, and pay back later in set installments. ESTO allows shoppers to control their spending, as they can set their own repayment schedules. Merchants that use ESTO quickly grow their client base and average cart volume - as shoppers can allow themselves to spend more since they don’t have to pay all the price at once. ESTO helps merchants increase traffic, turnover, and reorder rates. Moreover, under the certain terms and sales volumes, ESTO offers to the merchant financially beneficial partnership conditions. Together with marketing campaigns that can be set up to promote merchants' shops to more than 120 000 ESTO clients, it makes collaboration with ESTO especially attractive.
  • DelfinGroup — DelfinGroup provides consumer financial services in Latvia, including loans, pawnbroking, and money transfers. Our future vision is built on current investments in IT solutions, brand growth, and ambitious management. The company's growth is driven by its business strategy,
  • InSoil — A borderless lending marketplace, where farmers meet investors
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Verge HealthTech Fund
VC Fund · Singapore, Central Region, Singapore · 2 investments in Estonia Mobile startups

We make early investments in global healthcare technology companies that address prevention, disease management and health system efficiency that are relevant to emerging Asia​We believe that innovation can happen anywhere, from the streets of Dhaka to the labs of Oxford, however without the right support network, these solutions might notscale, or find the best world-changing application. This is where we can help.

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Investment focus

  • Industry: Health Care, Medical, Medical Device
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, Singapore, United States

Investor stats

  • Total investments: 30
  • Round size: Seed $500k–$4.7M; Pre-Seed $520k–$1M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: Likely still investing — raised $250k in 2023

Portfolio highlights

  • THINKMD — THINKMD develops next-generation clinical assessment and data analytics platforms that transform point-of-care medicine by putting medically validated clinical assessment capability into the hands of non-healthcare professionals. This technology allows for the decentralization of healthcare delivery into communities and homes by pairing clinicalknowledge and Bayesian/pattern recognition algorithms with simple to use mobile technology. Its goal is to reinvent the healthcare delivery paradigm, reduce costs, and improve outcomes by improving healthcare access and care-seeking behavior while building a public health knowledge database.
  • Understanding Zoe — One calm home that remembers for you, for a whole life. Built in Australia for neurodivergent adults and families. Try free for 7 days.
  • Neuraworx Medical Technology — Neuraworx Medical Technology is a neurotechnology company developing first-in-class bioelectronic solutions for brain health.
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Martin Tajur
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Mobile startups

Martin Tajur is the co-founder of Pipedrive.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Estonia, Poland, Ukraine

Investor stats

  • Total investments: 17
  • Round size: Seed $800k–$2.7M; Angel $136k–$566k; Pre-Seed $401k–$2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • YuMuuv — YuMuuv is an employee wellness platform that uses science-based formulas to capture data and keeps track of physical activity & leaderboard.
  • Shen.AI — Discover how Shen AI turns your smartphone into a health companion - no wearables, just powerful, camera-based health insights.
  • SegmentStream — At SegmentStream we partner with growth leaders to drive more revenue from paid media through full-funnel attribution, incrementality measurement and automated cross-channel budget allocation powered by predictive AI.
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EstBAN
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Mobile 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, Latvia, Lithuania

Investor stats

  • Total investments: 25
  • Round size: Seed $215k–$1.5M; Angel $95k–$1M; Pre-Seed $198k–$1.2M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • BrachyDOSE — BrachyDOSE - is a med-tech startup dedicated to solve radiation injuries that occur during the brachytherapy procedure. Our team consists of engineers and physicists experience in scientific research.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
  • Granarium Technologies — Granarium - The worlds first 100% renewable power storage for grid stabilization
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Ivo Remmelg
Angel · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Mobile startups

Ivo Remmelg is a Venture Partner at Superhero Capital and the Founding Partner of NestCap. Ivo Remmelgs, President of the Estonian Business Angel Network.

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Investment focus

  • Industry: Mobile, Sports, FinTech
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Estonia, Latvia, Norway

Investor stats

  • Total investments: 5
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Efenco — Efenco is a deep-tech startup developing patented clean energy conversion technologies, that increase the combustion efficiency of natural gas and hydrogen by unprecedented 18%
  • Gearbox Biosciences — A biotechnology company that licenses novel antibiotic-free recombinant protein production technology in E. coli.
  • Nordic Automation Systems — Nordic Automation Systems (NAS) is an industrial automation company. We believe in the world with precise data and less tedious repetitive manual tasks. We create sensor technologies, data analysis and monitoring solutions.LoRa® technology enables us to provide end-to-end LoRaWAN™ - smart metering, smart monitoring, smart city and industrialIoT applications. NAS has about 25 employees in it's Norwegian and Estonian offices and customers in every continent.
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Connect Ventures
VC Fund · London, England, United Kingdom · 1 investments in Estonia Mobile startups

We've been investing in pre-seed and seed stage product companies since 2012, from our home in London.

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Investment focus

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

Investor stats

  • Total investments: 154
  • Lead/follow: no public data

Portfolio highlights

  • Ewake — Ewake.ai is your AI Production Teammate that seamlessly integrates with your production environment to bring reliability proactively and reactively. Never miss the heartbeat of your systems with our ambient agent for production reliability.
  • Nexcade — Bringing intelligent automation to Freight Forwarding. Nexcade builds agents that meet forwarders where they work today- cutting through noise, accelerating descisions, and helping teams win more business.
  • ai-coustics — ai|coustics is pioneering innovative audio algorithms based on AI and Deep Learning models and fundamentally improving the capabilities of Speech Audio Enhancement in digital communication and media content.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Avalon Wealth Club
VC Fund · Helmshore, Lancashire, United Kingdom · 1 investments in Estonia Mobile startups

Avalon Wealth Club is a dynamic group of marketing experts, blockchain veterans, real estate investors and event organizers

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Series A
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 63
  • Lead/follow: no public data

Portfolio highlights

  • OpenPad AI — OpenPad - The 1st AI Decentralized Launchpad
  • Stabble — stabble is a protocol revolutionizing liquidity pools by introducing protocol-managed and arbitrage pools. This allows stabble to tackle critical inefficiencies prevalent within Solana's decentralized exchanges.
  • AI Cross Matrix — AI Cross Matrix is a DeFi platform that makes the crypto economy simple by streamlining the exchange process with useful solutions.
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Manu Marín
Angel · 1 investments in Estonia Mobile startups

Manu Marín

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Investment focus

  • Industry: Apps, FinTech, Mobile Apps
  • Stage:Pre-Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Filtroo — Filtroo is a monetization platform that helps users earn rewards and benefits by integrating social engagement with financial incentives.
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Jens Ohr
Angel · Karlsruhe, Baden-Wurttemberg, Germany · 1 investments in Estonia Mobile startups

Jens Ohr is the Founder at Bridge Lake Capital

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Investment focus

  • Industry: FinTech, Software, Mobile Payments
  • Stage:Seed, Pre-Seed
  • Geography: Estonia, Germany

Investor stats

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

Portfolio highlights

  • VisioLab — Instantly scan products for self-checkout, using the iPad camera - no barcodes needed. Designed for speed, simplicity and human centricity.
  • Cino — Cino automatically deducts everyone's share from their bank accounts. Create groups with whom you want to share bills, set your ratio split & stop fronting costs!
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Riccardo Zacconi
Angel · London, England, United Kingdom · 1 investments in Estonia Mobile startups

Riccardo Zacconi is based out of London, England and is the Board Member of Layer AI. Riccardo previously worked at King.com as Co-Founder and Chairman. Riccardo Zacconi attended Luiss Guido Carli University.

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Investment focus

  • Industry: Gaming, Apps, Mobile
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Sweden, Italy

Investor stats

  • Total investments: 21
  • Round size: Seed $700k–$6.5M; Pre-Seed $3.3M–$4M; Series A $1.2M–$30M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Gamindo — Create interactive training experiences in minutes with AI and gamification. Increase engagement, completion rates and learning outcomes.
  • Fika Jobs — Stand out from the crowd. Find your perfect job.
  • Cypher Games — Cypher Games is a mobile gaming company founded by passionate gamers with a dream of building a global success story. We aim to shape the future of mobile gaming together with our colleagues, investors and thought partners.
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Kristian Segerstrale
Angel · San Francisco, California, United States · 1 investments in Estonia Mobile startups

Kristian Segerstrale is the Co-founder of Initial Capital and Board member of Supercell, as well as the Co-founder and CEO of Playfish. Kristian has been at the forefront of the rapidly transforming game industry since 2001.He was a co-founder of mobile gaming pioneer Macrospace – today Glu Mobile (Nasdaq: GLUU) in 2001 through the successfulIPO in 2007. He left to co-found Playfish, the social gaming pioneer, where he served as CEO through the company’s rapid growth to 60 Million players and the subsequent acquisition by Electronic Arts for $400M in 2009. After a period as EVP Digital at Electronic Arts driving the aggressive transformation of the company from packaged goods to digital, Kristian left in March 2013 to focus on startups. Today Kristian leads seed stage investments with Initial Capital and serves on the board of Supercell, the #1 iOS game company.Kristian has previously served on the board of LOVEFiLM, the European streaming video pioneer until its acquisition by Amazon.com.

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Investment focus

  • Industry: Gaming, Mobile, PC Games
  • Stage:Seed, Series A, Angel
  • Geography: United States, Finland, India

Investor stats

  • Total investments: 19
  • Round size: Seed $2.6M–$7M; Angel $1M–$5M; Series A $10M–$24M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • AcouBatt — AcouBatt uses acoustic sensors and AI to monitor internal battery activity.
  • Harmony Games — Harmony Games is a developer of next-generation hybrid-casual games.
  • Dead Astronauts — Reshaping open worlds
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Aaron Patzer
Angel · San Francisco, California, United States · 1 investments in Estonia Mobile startups

In January, I started another company, Vital Software, with Dr. Justin Schrager of Emory University. Vital makes software for hospital emergency rooms. This includes a mobile patient check-in for patients, and the fastest, most usable electronic medical records you've seen for doctors and nurses. We use extensive machine learning and naturallanguage processing to determine patient severity and anticipated actions. Our longer term goal is to cut ER wait times in half, as they are often 4-5 hours long. You might not know it, but there are 140M ER visits in the US alone each year.Medical / sales are in the US, while development is all in Auckland New Zealand. My long-time partner Rebecca, an architect, is a Kiwi and I am now a resident of New Zealand as well.

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Investment focus

  • Industry: Software, SaaS, Health Care
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Estonia, New Zealand

Investor stats

  • Total investments: 13
  • Round size: Seed $150k–$6.1M; Pre-Seed $520k–$1M; Series A $2M–$4M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Shen.AI — Discover how Shen AI turns your smartphone into a health companion - no wearables, just powerful, camera-based health insights.
  • Vital — Intuitive, user friendly, smart hospital software that leverages AI for an optimized patient and clinician experience.
  • Carbon Health — Carbon Health Provides Smart, hassle-free Primary & Urgent Care. Book same day Adult & Pediatric appointments instantly.
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Concentric
VC Fund · London, England, United Kingdom · 1 investments in Estonia Mobile startups

We partner with sector-defining founders across Europe to create new technologies that disrupt the status quo and solve the problems that matter.

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Investment focus

  • Industry: Financial Services, Software, Bitcoin
  • Stage:Seed, Series A, Series B
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 88
  • Lead/follow: no public data

Portfolio highlights

  • Paypercut — Paypercut is a fintech startup that allows small and mid-scaled merchants to offer Buy Now, Pay Later at checkout via a single integration.
  • LN Markets — The first Lightning-native Bitcoin derivatives trading platform.
  • aeon.life — Preventive healthcare platform that equips people with personalized insights and expert guidance for proactive whole-body health
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Mana Ventures
VC Fund · San Francisco, California, United States · 1 investments in Estonia Mobile startups

Mana Ventures is a San Francisco based VC firm that invests in early stage technology companies and consumer brands.

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Investment focus

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

Investor stats

  • Total investments: 112
  • Lead/follow: no public data

Portfolio highlights

  • Sahay AI — Smart Inspection solutions for infrastructure
  • Peer AI — The agentic AI platform for life sciences—Peer AI accelerates regulatory & clinical documentation across phases, combining speed, quality & compliance.
  • Ruli — Ruli | The AI Teammate for Legal Professionals.
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Raivo Kütt
Angel · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Mobile startups

Raivo Kütt

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Investment focus

  • Industry: Apps, Gaming, Mobile
  • Stage:Angel
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • 3DC.io — The 3D Design App for Schools
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Dragonfly
VC Fund · San Francisco, California, United States · 1 investments in Estonia Mobile startups

A cross-border cryptoasset investment firm. Global from day one.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Hong Kong

Investor stats

  • Total investments: 181
  • Lead/follow: no public data

Portfolio highlights

  • Ancient8 — Ancient8 is building an ETH gaming Layer 2 with OP Stack. Ancient8 offers a suite of Web3 gaming infrastructure tools that serve as the distribution and marketing channel for games globally.
  • Quadrata — Quadrata is a Passport Network that brings the identity and compliance layer to DeFi across existing public blockchains. The company was founded in 2021 by Lisa Fridman and Fabrice Cheng and is headquartered in Marina Del Rey, California.
  • Nexus — Nexus is a DEX Layer 1, purpose-built to give users around the world access to a new era of verifiable finance.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Practica Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 1 investments in Estonia Mobile startups, 6 in the past 12 months

Practica Capital

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Investment focus

  • Industry: B2B, Software, Information Technology
  • Stage:Seed, Series A
  • Geography: Lithuania, United Kingdom, United States

Investor stats

  • Total investments: 110
  • Lead/follow: no public data

Portfolio highlights

  • AMLYZE — AMLYZE Risk Assessment Module is an automated customer AML/CFT Risk Assessment and Management feature for financial companies.
  • eany.io — Discover Eany.io, the B2B marketplace for DIY, household, and electronics. Seamlessly connect buyers and sellers with quality products and services.
  • Qminder — Set up Qminder queue management software in minutes. Real-time reports on customer service & employee performance. Cloud-based. Wireless. Free Support.
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APX
VC Fund · San Jose, California, United States · 1 investments in Estonia Mobile startups

EMPOWERING THE WORLD'S TRANSITION TO CLEAN ENERGY & SUSTAINABILITY When looking to develop your corporate or market-based sustainability program, partner with the industry leader in environmental technology Learn More OUR PURPOSE-BUILT PROPRIETARY REGISTRIES POWER THE GLOBE Our North American Renewables Registry (NAR) and Tradable Instrument for Global Renewables (TIGR) offer

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Investment focus

  • Industry: FinTech, Software, Mobile Payments
  • Stage:Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Cino — Cino automatically deducts everyone's share from their bank accounts. Create groups with whom you want to share bills, set your ratio split & stop fronting costs!
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Aare Järvan
Angel · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Estonia Mobile startups

Aare Järvan

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Investment focus

  • Industry: Apps, Gaming, Mobile
  • Stage:Angel
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • 3DC.io — The 3D Design App for Schools
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G-FUND
VC Fund · Munich, Bayern, Germany · 1 investments in Estonia Mobile startups

We are a cross over of generations. Combining the wisdom of investing with the stamina to accelerate models for the new consumer. Our focus are next-gen consumer businesses in the areas of nutrition & food, digital health & wellness, clean beauty & cosmetics, sustainable fashion & clothing, as well as digital education.

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Investment focus

  • Industry: Wellness, Health Care, Food and Beverage
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Germany, Switzerland

Investor stats

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

Portfolio highlights

  • XOXO Soda — XOXO Soda is a plant-based drink with prebiotic fiber that is low in sugar and calories.
  • Vocal Image — Join 4M+ Vocal Image users to improve your communication skills in just minutes. Discover your voice type, boost confidence & speak better. Try now.
  • dsb Deutsche Sanierungsberatung — dsb Deutsche Sanierungsberatung provides easy and sustainable solutions for climate-friendly homes energy-efficient renovations for homeowners.
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Marko Oolo
Angel · 1 investments in Estonia Mobile startups

Marko Oolo is the General Partner at Superangel. Marko Oolo attended TalTech – Tallinn University of Technology.

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Investment focus

  • Industry: AgTech, Mobile, Parking
  • Stage:Seed, Series B
  • Geography: Estonia, United Kingdom

Investor stats

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

Portfolio highlights

  • Snabb — Barking delights vehicle owners by enabling services such as parking, washing, charging, and fuelling from one user-friendly and convenient interface- the Barking App. Browse, book, navigate, start, pay, review and manage your vehicle services from one easy-to-use App.Founded in 2015, we've grown from a Tallinn-based private parking App toan international platform that serves over 50,000 users in 10 markets on a monthly basis.We are constantly working towards connecting all vehicle service providers to our platform and thus enabling the ultimate convenience and simplicity to vehicle owners.
  • Paul-Tech — Soil, weather and satellite data translated into actionable insights. Know precisely when to sow, water or spray with Paul-Tech's soil stations.
  • Lightyear — Lightyear is a simple and approachable way to invest your money globally without unnecessary barriers and fees.
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Rain Rannu
Angel · San Francisco, California, United States · 1 investments in Estonia Mobile startups

Rain Rannu has been a long-time serial entrepreneur in the mobile payments space ever since founding his first company back in 2000. In 2007 he founded Fortumo, the fast-growing mobile payments service for digital and virtual content now available in more than 80 countries. They have recently raised funding from Intel Capital and GreycroftPartners, and are employing more than 60 people in Estonia, Beijing and San Francisco. Rain Rannu has also been an active member in the Estonian startup scene as a founder of Garage48, among other things.

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Investment focus

  • Industry: Software, CRM, Digital Signage
  • Stage:Seed
  • Geography: United States, Estonia

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • Bolt — The smartest way to move around in cities. Forget expensive taxi rides or slow public transport. Get a ride in minutes. Download the Bolt app for iOS and Android.
  • Teleport — Teleport builds software to move individuals to the best place to live and work. It enables users to explore the best cities based on their personal preferences, and lend them a hand with preparing and executing the move. The company aims to make physically rearranging the human population just as easy.
  • Digital Sputnik — Making Hollywood level virtual production simple, fast and budget-friendly. Without big screens and teams. Show anything real on any virtual background and let the AI lights sync with the background. For film makers, influencers, streamers and live event organizers.
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Hyde Park Venture Partners
VC Fund · Chicago, Illinois, United States · 1 investments in Estonia Mobile startups

Hyde Park Venture Partners is an early-stage venture capital firm focused on high-growth, mid-continent technology startups. We seek companies with an exceptional founding team and fast-growth potential, looking to raise a first or second round of capital.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Estonia

Investor stats

  • Total investments: 182
  • Lead/follow: no public data

Portfolio highlights

  • Certiverse — Certiverse is an end-to-end exam development platform using industry-leading psychometric standards, intuitive machine learning, and an innovative, asynchronous, crowdsourced content-creation model.
  • Benji — Benji is a modern API for loyalty programs. It helps businesses enhance conversion rates and profitability by providing clients with a new way to pay using rewards points.
  • Slip Robotics — Auto-load and auto-unload any truck in 5 minutes with SlipBots to drive 10X speed, safety, and savings across the supply chain. With Slip, truckers don't wait and forklift drivers don't risk it.
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Veljo Otsason
Angel · 1 investments in Estonia Mobile startups

Veljo Otsason is Estonian entrepreneur and investor. In 2007 he co-founded mobile payments company Fortumo and served as its CTO. Since 2013 he has been active angel investor and early backer of Bolt (formerly Taxify), Monese, Veriff, Pipedrive & 30+ others. In 2018 he co-founded Superangel, early-stage seed fund and company builder.

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Investment focus

  • Industry: Identity Management, Information Technology, Film
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Estonia, United Kingdom, United States

Investor stats

  • Total investments: 8
  • Round size: Seed $540k–$1.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Bolt — The smartest way to move around in cities. Forget expensive taxi rides or slow public transport. Get a ride in minutes. Download the Bolt app for iOS and Android.
  • Veriff — Highly automated identity verification software from Veriff. We help you build trust and transparency online.
  • Digital Sputnik — Making Hollywood level virtual production simple, fast and budget-friendly. Without big screens and teams. Show anything real on any virtual background and let the AI lights sync with the background. For film makers, influencers, streamers and live event organizers.
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IR21 Capital
VC Fund · 1 investments in Estonia Mobile startups

A blockchain investment firm

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Investment focus

  • Industry: Comics, Blockchain, Marketplace
  • Stage:Pre-Seed
  • Geography: Singapore

Investor stats

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

Portfolio highlights

  • Trophee — Claim Manga NFTs from renowned mangaka(s) such as Yuji Kaida, Godzilla's artist, and Yoshitaka Amano, Final Fantasy's illustrator on Trophee.xyz using Manga Tokens!
  • Monsters Clan — Monsters Clan is a blockchain-based virtual monsters game that mimics the lives of monsters in their own world. Monsters Clan was founded by Shahzaib Ali.
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Taavi Madiberk
Angel · Dresden, Sachsen, Germany · 1 investments in Estonia Mobile startups

Taavi Madiberk is the Co-Founder and Chief Executive Officer at Skeleton Technologies. His business development, sales and marketing and company management skills have been instrumental in setting-up and driving growth. He has been the driving force for excellent customer traction, (the company counts as customers European Space Agency and severalTier 1 automotives), business strategy (leveraging the advantage in materials technology to energy storage cells and modules), product development and fundraising from venture capital, private equity and public sources in German, Estonian and EU level. Taavi Madiberk brings knowledge from the IT, locomotive and NGO sectors from his experience prior to Skeleton Technologies. Among other Board positions he has served as the youngest ever Chairman of the Supervisory Board in Estonian Railways Ltd (AS Eesti Raudtee) from 2012-2014 the national railway. He also served as a Member of the Supervisory Board of RKAS in 2014, an Estonian state-owned real estate company with over 400 M EUR of assets.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • MarkeDroid — MarkeDroid is revolutionizing the renewable energy industry as the first European Plug & Play platform driven by energy spot prices management and access to the FLEX markets for the residential solar batteries. With its cutting-edge technology, MarkeDroid is reshaping the energy value chain and maximizing the value of renewable energy for allstakeholders.
  • ProcurementFlow — Reduce time to market for new products! Simple procurement teamwork software for keeping the communication and procurement process in the flow. Requisition management, eSourcing, SRM.
  • DriveX Technologies — Decrease your average claim size with AI vehicle inspection tool for CASCO pre-checks and windshield claims.
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Mobile Investor funding in Estonia at a glance

Stats across 42 deals from 66 investors.

66
investors
in Estonia Mobile startups
42
deals
in Estonia Mobile startups
$150k
median round
in Estonia Mobile startups
27%
lead investors
lead at least one round
38%
Seed
most common funding stage
64/36
VC / Angel
share of investor count

Access all 66 investors in Estonia Mobile startups.

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