# Top 50 Mobile Startup Investors in Estonia in June 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Change Ventures | 4 | Estonia, Latvia, Lithuania | Seed, Pre-Seed, Series A | Software, Information Technology, Apps |
| Jaan Tallinn | 4 | United States, Estonia, United Kingdom | Seed, Series A | Software, Artificial Intelligence, Internet |
| Superangel | 4 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, Information Technology |
| Kristjan Raude | 4 | Estonia, United States | Seed, Pre-Seed, Equity Crowdfunding | Software, Automotive, Internet of Things |
| Tera Ventures | 4 | Estonia, United States, United Kingdom | Seed, Series A, Pre-Seed | Software, E-Commerce, Artificial Intelligence |
| SMOK Ventures | 2 | Poland, United States, Ukraine | Seed, Pre-Seed | Software, Information Technology, SaaS |
| Märt Kelder | 2 | Estonia, Pakistan, Bangladesh | Seed, Angel, Pre-Seed | Information Technology, Software, Transportation |
| Madis Müür | 2 | Estonia, United States | Seed, Equity Crowdfunding, Pre-Seed | Apps, Cycling, Security |
| OIG Ventures | 2 | Estonia, Singapore, Seychelles | Seed, Series A, Initial Coin Offering | Blockchain, Gaming, Cryptocurrency |
| TMT Investments | 2 | United States, Estonia, United Kingdom | Seed, Series A | Software, SaaS, Social Media |
| Jason Calacanis | 2 | United States, Australia, Canada | Pre-Seed, Seed, Series A | Software, Internet, Artificial Intelligence |
| Andrus Purde | 2 | Estonia, United Kingdom, Cyprus | Seed, Pre-Seed | Software, Apps, Internet |
| Funderbeam | 2 | Estonia, United Kingdom | Seed, Pre-Seed, Equity Crowdfunding | Apps, FinTech, Software |
| Spring Capital | 2 | Estonia, Finland, United States | Seed, Pre-Seed, Series A | Software, SaaS, E-Commerce |
| Superhero Capital | 2 | Finland, Lithuania, Estonia | Seed, Pre-Seed | Software, Information Technology, Internet |
| Priit Kasesalu | 2 | Estonia | Seed | iOS, Apps, Email |
| Prototron | 2 | Estonia, Finland, Germany | Pre-Seed, Grant, Seed | Software, Manufacturing, Internet of Things |
| AU21 Capital | 2 | United States, Singapore, United Kingdom | Seed, Initial Coin Offering | Blockchain, Cryptocurrency, Gaming |
| Verge HealthTech Fund | 2 | Estonia, Singapore, United Kingdom | Seed, Pre-Seed, Series A | Health Care, Medical Device, Medical |
| Martin Tajur | 2 | Estonia, Poland, Ukraine | Pre-Seed, Seed, Angel | Software, SaaS, Recruiting |
| Ragnar Sass | 2 | Estonia, United States, Ukraine | Seed, Pre-Seed | Information Technology, Software, SaaS |
| Veljo Otsason | 1 | Estonia, United Kingdom, United States | Seed, Angel, Pre-Seed | Identity Management, Information Technology, Film |
| Mikko Silventola | 1 | Estonia, Finland, United States | Pre-Seed, Seed, Angel | E-Commerce, Software, Transportation |
| Marek Kiisa | 1 | Estonia, United States, Sweden | Seed, Series A, Pre-Seed | Software, Information Technology, Transportation |
| Lemonade Stand | 1 | Estonia, Lithuania, India | Seed, Pre-Seed | Software, Artificial Intelligence, FinTech |
| Anton Gauffin | 1 | Finland, United States, Spain | Seed, Pre-Seed, Series B | Gaming, Mobile Apps, Video Games |
| Mikhail Lugovskiy | 1 | Estonia | Pre-Seed | SaaS, Legal, Software |
| Shima Capital | 1 | United States, Singapore, United Kingdom | Seed, Pre-Seed | Blockchain, Cryptocurrency, Gaming |
| Sten Tamkivi | 1 | Estonia, United States, United Kingdom | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, Manufacturing |
| Contriber Ventures | 1 | Estonia, Finland, Germany | Seed, Angel, Series A | Software, Apps, SaaS |
| Play Ventures | 1 | United States, Finland, United Kingdom | Seed, Pre-Seed, Series A | Gaming, Video Games, Software |
| Lotus Capital | 1 | Egypt, Norway, Estonia | Seed | Gaming, Blockchain, Mobile Apps |
| BullPerks | 1 | United Arab Emirates, France, Estonia | Seed, Series A, Initial Coin Offering | Gaming, Blockchain, Cryptocurrency |
| Riccardo Zacconi | 1 | United States, Sweden, Estonia | Seed, Series A, Series B | Gaming, Apps, Mobile |
| Educapital | 1 | France, United States, Germany | Series A, Seed | Education, E-Learning, EdTech |
| hypra.fund | 1 | Estonia, Ukraine, United States | Seed | Software, Blockchain, FinTech |
| APX | 1 | Germany, United Kingdom, United States | Pre-Seed, Seed, Series A | Software, SaaS, Information Technology |
| Mana Ventures | 1 | United States, Canada, Mexico | Seed, Series A, Pre-Seed | Software, SaaS, Artificial Intelligence |
| Concentric | 1 | United Kingdom, United States, Germany | Seed, Series A, Series B | Financial Services, Software, Bitcoin |
| RubyLight | 1 | Estonia, Germany, United Kingdom | Seed, Series A, Pre-Seed | Apps, Mobile, E-Commerce |
| Dragonfly | 1 | United States, Singapore, Hong Kong | Seed, Series A | Blockchain, Cryptocurrency, Financial Services |
| Raivo Kütt | 1 | Estonia | Angel | Apps, Gaming, Mobile |
| Akim Arhipov | 1 | Estonia, Sweden | Seed, Pre-Seed | Software, iOS, Apps |
| Practica Capital | 1 | Lithuania, United Kingdom, United States | Seed, Series A | B2B, Software, Information Technology |
| Oliver Ahlberg | 1 | Estonia | Seed, Angel | Information Technology, Software, Artificial Intelligence |
| Greycroft | 1 | United States, United Kingdom, Germany | Series A, Seed, Series B | Software, Artificial Intelligence, E-Commerce |
| Rain Rannu | 1 | United States, Estonia, Lithuania | Seed | Software, CRM, Manufacturing |
| Aare Järvan | 1 | Estonia | Angel | Apps, Gaming, Mobile |
| International Finance Corporation | 1 | India, Brazil, United States | Debt Financing, Series B | Financial Services, FinTech, Finance |
| G-FUND | 1 | United Kingdom, Germany, Switzerland | Seed, Pre-Seed, Series A | Wellness, Health Care, Food and Beverage |