# Top 50 Mobile Startup Investors in Estonia in June 2026 ## Change Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 4 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Information Technology, Apps We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world. ## Jaan Tallinn - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 4 - Stages: Seed, Series A - Focus: Software, Artificial Intelligence, Internet Jaan Tallinn is the Co-Founder of the Centre for Study of Existential Risk and Future of Life Institute. ## Superangel - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 4 - Stages: Seed, Pre-Seed, Series A - Focus: Artificial Intelligence, Software, Information Technology Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io ## Kristjan Raude - Type: Angel - Relevant deals: 4 - Stages: Seed, Pre-Seed, Equity Crowdfunding - Focus: Software, Automotive, Internet of Things 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. ## Tera Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 4 - Stages: Seed, Series A, Pre-Seed - Focus: Software, E-Commerce, Artificial Intelligence Tera Ventures is an international investment firm based in Estonia. ## SMOK Ventures - Type: VC Fund - Location: Warsaw, Mazowieckie, Poland - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, Information Technology, SaaS Bridging Silicon Valley to CEE ## Märt Kelder - Type: Angel - Location: Berlin, Berlin, Germany - Relevant deals: 2 - Stages: Seed, Angel, Pre-Seed - Focus: Information Technology, Software, Transportation founder at Voog. ## Madis Müür - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Equity Crowdfunding, Pre-Seed - Focus: Apps, Cycling, Security Madis Müür ## OIG Ventures - Type: VC Fund - Relevant deals: 2 - Stages: Seed, Series A, Initial Coin Offering - Focus: Blockchain, Gaming, Cryptocurrency OIG Ventures is an investment firm. ## TMT Investments - Type: VC Fund - Location: St. Helier, NA - Jersey, Jersey - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, SaaS, Social Media TMT Investments PLC invests in high-growth technology companies across a number of core specialist sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has invested in over 65 companies to date. The Company’s objective is to generate an attractive rate of return for shareholders,predominantly through capital appreciation. The Company is traded on the AIM market of the London Stock Exchange. www.tmtinvestments.com. ## Jason Calacanis - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 2 - Stages: Pre-Seed, Seed, Series A - Focus: Software, Internet, Artificial Intelligence 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. ## Andrus Purde - Type: Angel - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, Apps, Internet Experienced startup marketer. Co-founder and CEO of Outfunnel. Skype and Pipedrive alumni. Angel investor. ## Funderbeam - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 2 - Stages: Seed, Pre-Seed, Equity Crowdfunding - Focus: Apps, FinTech, Software 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. ## Spring Capital - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Software, SaaS, E-Commerce 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. ## Superhero Capital - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, Information Technology, Internet 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€. ## Priit Kasesalu - Type: Angel - Relevant deals: 2 - Stages: Seed - Focus: iOS, Apps, Email Priit is heavily involved in assessing all of ASI's new technology investments.Before ASI, Priit played an integral role in developing Kazaa and later Skype; indeed, he continues to work at Skype as a core library developer.While cryptography and data communication are his areas of expertise, his other passion is computer gamedevelopment. Together with Ahti and Jaan, he wrote the first Estonian commercial computer game, Kosmonaut.When he isn't using his innate ability to solve complex technical problems, Priit enjoys good company, gourmet restaurants and biking.He holds a degree in automation and system technology from Tallinn University of Technology. ## Prototron - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Pre-Seed, Grant, Seed - Focus: Software, Manufacturing, Internet of Things Prototron is a start-up fund that gives money to teams for turning their great ideas into the first working prototype. Founded in 2012 by Swedbank, Tallinn Technical University and Tallinn Science Park Tehnopol. We finance teams with high growth potential in areas of Greentech, Electronics, Mechatronics and ICT. We run 3-4 rounds of financingevery year. During last 5 years we've funded 58 startups with over 470'000€ in cash + coaching/incubation services. Our protfolio has generated >4,5 M€ revenue and raised >17'000'000€ capital. These results make Prototron the most productive pre-seed fund in Estonia. Do you want to be part of the success? We seek for: *) New start-up teams who need money for building a prototype. Apply for funding: www.prototron.ee *) Additional partners who want to be part of Estonia's next success stories. ## AU21 Capital - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 2 - Stages: Seed, Initial Coin Offering - Focus: Blockchain, Cryptocurrency, Gaming A fund dedicated to backing the most brilliant minds in the blockchain space ## Verge HealthTech Fund - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Health Care, Medical Device, Medical 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. ## Martin Tajur - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Pre-Seed, Seed, Angel - Focus: Software, SaaS, Recruiting Martin Tajur is the co-founder of Pipedrive. ## Ragnar Sass - Type: Angel - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Information Technology, Software, SaaS 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. ## Veljo Otsason - Type: Angel - Relevant deals: 1 - Stages: Seed, Angel, Pre-Seed - Focus: Identity Management, Information Technology, Film 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. ## Mikko Silventola - Type: Angel - Relevant deals: 1 - Stages: Pre-Seed, Seed, Angel - Focus: E-Commerce, Software, Transportation Mikko is an active investor, with over 50 investments globally. Besides Europe, he is also active in Southeast Asia, Middle East, and Lat Am. He is the first investor of Bolt (Estonia), an investor of Rappi (Colombia), and of Hugo (El Salvador). He has founded 3 international media companies which in total have generated over €35M in sales overjust a few years. He has helped companies with internationalization, fundraising and M&As in Asia, Europe and the Middle East. ## Marek Kiisa - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Information Technology, Transportation Marek Kiisa is Co-Founder and Managing Partner at NordicNinja VC. ## Lemonade Stand - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Software, Artificial Intelligence, FinTech Lemonade Stand is a VC fund that focuses on early stage B2B investments in Baltic and East European founders no matter the HQ location. Investing €25-300K in strong teams, technology or traction. ## Anton Gauffin - Type: Angel - Location: Berlin, Berlin, Germany - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series B - Focus: Gaming, Mobile Apps, Video Games Anton Gauffin is the Founder of Sumoing. ## Mikhail Lugovskiy - Type: Angel - Location: Amsterdam, Noord-Holland, The Netherlands - Relevant deals: 1 - Stages: Pre-Seed - Focus: SaaS, Legal, Software Advisor, financial specialist with Economics and Management background. Mikhail has 5+ years’ experience in financial industry, having worked for a number of large institutions and asset managers. ## Shima Capital - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Blockchain, Cryptocurrency, Gaming Shima Capital is an investment fund that focuses on supporting blockchain startups. The firm is headquartered in San Francisco, California, United States. ## Sten Tamkivi - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Artificial Intelligence, Manufacturing Sten Tamkivi is the Chief Product Officer at Topia (formerly MOVE Guides). He was previously co-founder and CEO of Teleport (acquired by Topia), the place to scout for startup people. He co-founded the company as an EIR at Andreessen Horowitz.Sten has been a tech entrepreneur since 1996. After founding a few companies in Estonia, he joined Skypeas an early executive, ran the original R&D office, and held several global product leadership roles for 8+ years.He has an MS in Management from Stanford GSB. ## Contriber Ventures - Type: VC Fund - Location: Tartu, Tartumaa, Estonia - Relevant deals: 1 - Stages: Seed, Angel, Series A - Focus: Software, Apps, SaaS .Cocoon | Hubs | Investments ## Play Ventures - Type: VC Fund - Location: Grand Cayman, Midland, Cayman Islands - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Gaming, Video Games, Software Play Ventures is a venture funding that invests globally in games and game services startups. ## Lotus Capital - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 1 - Stages: Seed - Focus: Gaming, Blockchain, Mobile Apps Lotus Capital Investments ## BullPerks - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Series A, Initial Coin Offering - Focus: Gaming, Blockchain, Cryptocurrency BullPerks is a community of like-minded individuals who want to leverage their power and invest together in the best projects on equal terms with VCs. ## Riccardo Zacconi - Type: Angel - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: Gaming, Apps, Mobile 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. ## Educapital - Type: VC Fund - Location: Paris, Ile-de-France, France - Relevant deals: 1 - Stages: Series A, Seed - Focus: Education, E-Learning, EdTech The first European Edtech & Future of Work fund. ## hypra.fund - Type: VC Fund - Location: Lisbon, Lisboa, Portugal - Relevant deals: 1 - Stages: Seed - Focus: Software, Blockchain, FinTech We create the conditions for rapid company growth so the founder can focus entirely on product development. ## APX - Type: VC Fund - Location: Berlin, Berlin, Germany - Relevant deals: 1 - Stages: Pre-Seed, Seed, Series A - Focus: Software, SaaS, Information Technology APX is Europe’s leading very-early-stage VC. Based in Berlin and backed by Axel Springer and Porsche, we support and partner with the most ambitious founding teams from Europe and beyond - often as their first investor.We invest up to EUR 500K in startups until a series A starting with a quick EUR 50K investment, and within a few months,depending on traction and speed, we can invest further. Each month we invest in new teams who become part of the APX community, counting hundreds of other founders. Since 2018, we have invested in 100+ startups across 20+ industries with founders from 20+ countries together with 100+ co-investors. ## Mana Ventures - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed, Series A, Pre-Seed - Focus: Software, SaaS, Artificial Intelligence Mana Ventures is a San Francisco based VC firm that invests in early stage technology companies and consumer brands. ## Concentric - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: Financial Services, Software, Bitcoin We partner with sector-defining founders across Europe to create new technologies that disrupt the status quo and solve the problems that matter. ## RubyLight - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 1 - Stages: Seed, Series A, Pre-Seed - Focus: Apps, Mobile, E-Commerce 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. ## Dragonfly - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed, Series A - Focus: Blockchain, Cryptocurrency, Financial Services A cross-border cryptoasset investment firm. Global from day one. ## Raivo Kütt - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Angel - Focus: Apps, Gaming, Mobile Raivo Kütt ## Akim Arhipov - Type: Angel - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Software, iOS, Apps Akim is an Estonian entrepreneur who has cofounded BASIS ID– all-in-one identity verification (KYC) platform for financial institutions and governmental agencies in Southeast Asia. Akim’s team was participated in creation of electronic ID system and eGovernment portals for Estonian government.Previously a co-founder of successful companies in ITand transportation sectors – OnniBus.com and SuperBus.com. The first one is the most successful commercial bus operator in Finland: 20 lines, 200+ daily departures, 6+ million passengers served annually. ## Practica Capital - Type: VC Fund - Location: Vilnius, Vilniaus Apskritis, Lithuania - Relevant deals: 1 - Stages: Seed, Series A - Focus: B2B, Software, Information Technology Practica Capital ## Oliver Ahlberg - Type: Angel - Relevant deals: 1 - Stages: Seed, Angel - Focus: Information Technology, Software, Artificial Intelligence Oliver Ahlberg is the Co-Founder and Chief Operating Officer of Skeleton Technologies. He has assured excellent operational capabilities and played a critical role in the development of internal procedures which have kept the company on the forefront of energy storage development. He has had an integral role in securing VC funding and settingup the company's R&D Center in Estonia. Additionally he plays a central role in the company's IT capabilities, production systems and processes and daily administration of the company. Leading the pilot production of the company, he also offers input in product development and has led production optimization efforts. Oliver Ahlberg has previously worked in the IT and law sector in San Fransisco, USA and Tallinn, Estonia. He has co-founded digital media company Vigvam Studio and a daily deals site acquired by the market leader in 2010. Oliver Ahlberg has earned a law degree from University of Tartu. ## Greycroft - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 1 - Stages: Series A, Seed, Series B - Focus: Software, Artificial Intelligence, E-Commerce Venture capital and technology investments ## Rain Rannu - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed - Focus: Software, CRM, Manufacturing 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. ## Aare Järvan - Type: Angel - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 1 - Stages: Angel - Focus: Apps, Gaming, Mobile Aare Järvan ## International Finance Corporation - Type: VC Fund - Location: Washington, District of Columbia, United States - Relevant deals: 1 - Stages: Debt Financing, Series B - Focus: Financial Services, FinTech, Finance A strong and engaged private sector is indispensible to ending extreme poverty and boosting shared prosperity. That's where IFC comes in - we have more than 60 years experience in unlocking private investment, creating markets and opportunities where they are needed most. ## G-FUND - Type: VC Fund - Location: Munich, Bayern, Germany - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Wellness, Health Care, Food and Beverage 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.