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Top 50 Payments Startup Investors in Estonia (June 2026)

The most active venture capital funds and angel investors investing in Estonia Payments startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Estonia Payments startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Superangel
VC Fund
6 Estonia, United States, Finland Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $165k–$20M
Tera Ventures
VC Fund
5 Estonia, United States, United Kingdom Seed, Series A, Pre-Seed Software, E-Commerce, Artificial Intelligence $120k–$12M
Token Ventures
VC Fund
4 Estonia, France, Austria Seed, Pre-Seed Blockchain, Cryptocurrency, FinTech $900k–$3.5M
Karma Ventures
VC Fund
4 Estonia, United States, Finland Series A, Seed, Series B Software, Artificial Intelligence, FinTech $549k–$30M
BlackFin Capital Partners
VC Fund
4 France, Germany, Denmark Series A, Private Equity, Series B Financial Services, FinTech, Payments $4.1M–$103M
Blockchain Founders Fund
VC Fund
3 United States, United Kingdom, Singapore Seed, Pre-Seed Blockchain, Cryptocurrency, FinTech $200k–$7M
Morgan Creek Digital
VC Fund
3 United States, Canada, Israel Seed, Series A, Series B Blockchain, FinTech, Financial Services $2.5M–$424M
Mapleblock Capital
VC Fund
3 United States, Estonia, Singapore Seed, Series A Blockchain, Gaming, FinTech $1.8M–$20M
Practica Capital
VC Fund
3 Lithuania, United Kingdom, United States Seed, Pre-Seed, Series A B2B, Software, Information Technology $219k–$25M
Cryptomeria Capital
VC Fund
2 Estonia, Canada, United States Seed Blockchain, FinTech, Cryptocurrency $1M–$12M
365.fintech
VC Fund
2 United Kingdom, Germany, Belgium Seed, Pre-Seed, Series A FinTech, Financial Services, Software $121k–$13M
Martin Sokk
Angel
2 Estonia Pre-Seed, Seed Rental, FinTech, Finance
500 Istanbul
VC Fund
2 Turkey, United States, Estonia Seed, Pre-Seed, Series A Software, Information Technology, SaaS $250k–$15M
NGC Ventures
VC Fund
2 United States, Singapore, Hong Kong Seed, Series A Blockchain, Cryptocurrency, Gaming
Change Ventures
VC Fund
2 Estonia, Latvia, Lithuania Seed, Pre-Seed, Series A Software, Information Technology, Apps
Portage Ventures
VC Fund
2 United States, Canada, United Kingdom Seed, Series A, Series B FinTech, Financial Services, Software $2M–$60M
Austin Federa
Angel
2 United States, Estonia, Singapore Seed, Pre-Seed, Series A Blockchain, Web3, Cryptocurrency $2M–$11M
Parallax Ventures
VC Fund
2 Brazil, Estonia, United States Seed, Series A, Series B FinTech, Financial Services, Bitcoin $1.5M–$15M
500 Emerging Europe
VC Fund
2 United States, Turkey, Poland Seed, Pre-Seed, Convertible Note Software, SaaS, Information Technology $80k–$13M
Shima Capital
VC Fund
2 United States, Singapore, United Kingdom Seed, Pre-Seed Blockchain, Cryptocurrency, Gaming $1.2M–$11M
Markus Villig
Angel
2 Estonia, United States, United Kingdom Seed, Pre-Seed, Angel Software, Information Technology, FinTech $230k–$3.5M
ff Venture Capital
VC Fund
2 United States, Poland, Canada Seed, Series A Software, Information Technology, Artificial Intelligence $1M–$13M
ZBS CAPITAL
VC Fund
2 United States, Singapore, India Seed, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $735k–$25M
Julien Bouteloup
Angel
2 France, Singapore, United States Seed, Angel, Series A Cryptocurrency, Blockchain, FinTech $250k–$74M
Golden Egg Check Capital
VC Fund
2 The Netherlands, Germany, Canada Seed, Pre-Seed, Series A Software, Information Technology, Machine Learning $537k–$4.7M
Hive Hatch
VC Fund
2 United States, Mexico, Estonia Pre-Seed, Seed, Series B Software, SaaS, Retail $120k–$3M
The Spartan Group
VC Fund
2 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Software $1.5M–$32M
LD Capital
VC Fund
2 United States, Singapore, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $1.2M–$10M
Triin Hertmann
Angel
2 Estonia Seed, Pre-Seed FinTech, Software, E-Commerce $143k–$2.7M
Untapped Capital
VC Fund
2 United States, Mexico, Estonia Pre-Seed, Seed Artificial Intelligence, E-Commerce, Machine Learning $465k–$3M
Kash Dhanda
Angel
2 Estonia, Singapore Seed, Angel, Pre-Seed Blockchain, Web3, Cryptocurrency $5.5M–$11M
Anatoly Yakovenko
Angel
2 United States, United Kingdom, France Seed, Series A Blockchain, Software, Cryptocurrency $2.5M–$74M
CoinFund
VC Fund
1 United States, United Kingdom, Switzerland Seed, Series A Blockchain, Cryptocurrency, Financial Services
TRGC
VC Fund
1 United States, Singapore, France Seed, Series A Blockchain, Software, Cryptocurrency
Jevgeni Kabanov
Angel
1 Estonia, Ukraine, United States Pre-Seed, Seed, Series A Health Care, E-Commerce, Apps
Atomico
VC Fund
1 United States, United Kingdom, Germany Series A, Series B, Series C Software, Information Technology, Artificial Intelligence
Peter Sandberg
Angel
1 Denmark, Kenya, Estonia Angel, Pre-Seed, Secondary Market Internet, Mobile Payments, Artificial Intelligence
Intel Capital
VC Fund
1 United States, Israel, China Series B, Series A, Series C Software, Information Technology, Enterprise Software
hypra.fund
VC Fund
1 Estonia, Ukraine, United States Seed Software, Blockchain, FinTech
Collective Ventures
VC Fund
1 Germany, Estonia, United States Seed, Series A, Initial Coin Offering FinTech, Blockchain, Software
Launchbay Capital
VC Fund
1 United States, United Kingdom, Israel Series A, Series B, Seed Financial Services, Software, FinTech
Tagus Capital
VC Fund
1 United States, United Kingdom, Israel Seed, Series A Blockchain, Cryptocurrency, Information Technology
Tezos Foundation
VC Fund
1 United States, France, Estonia Seed, Series A FinTech, Blockchain, Software
Circle
VC Fund
1 United States, United Kingdom, Singapore Seed, Pre-Seed Blockchain, Cryptocurrency, Financial Services
Jdac
VC Fund
1 Estonia Seed FinTech, Internet, Payments
Jens Ohr
Angel
1 Germany Seed Machine Learning, Artificial Intelligence
YBB Foundation
VC Fund
1 United States, Israel, Estonia Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Software
LAUNCHub Ventures
VC Fund
1 Bulgaria, United Kingdom, United States Seed, Series A, Pre-Seed Software, SaaS, Enterprise Software
VR Ventures
VC Fund
1 Germany, France, Estonia Seed, Series A, Pre-Seed Software, FinTech, Information Technology
Johannes Jõgi
Angel
1 Estonia Seed SaaS, Mobile, Analytics
Access all 61 investors in Estonia Payments startups.

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

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Investor list

Superangel
VC Fund · Tallinn, Harjumaa, Estonia · 6 investments in Estonia Payments 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: 76
  • Round size: Seed $767k–$6.6M; Pre-Seed $165k–$2.2M; Series A $5.3M–$20M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $35M in 2022

Portfolio highlights

  • Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
  • ROCSYS — Meet the world's first autonomous charging solution for electrical vehicles in public transportation, logistics, material handling, and passenger cars.
  • ZITICITY — Juragan69 adalah venue slot demo yang dipilih untuk final oleh para juragan di Indonesia karena memiliki fasilitas permainan slot yang lengkap serta pelayanan super ramah dari para customer service di situs ini.
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Tera Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 5 investments in Estonia Payments startups

Tera Ventures is an international investment firm based in Estonia.

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Investment focus

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

Investor stats

  • Total investments: 66
  • Round size: Seed $531k–$4.2M; Pre-Seed $120k–$2.2M; Series A $1.6M–$12M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Secfense — Secfense User Access Security Broker is a network traffic broker that learns the traffic patterns related to authentication and builds an additional security layer between users and their applications.Secfense broker is not a 2FA method. Secfense broker is a tool that enables a quick & easy setup of any 2FA method or authentication standardavailable on the market and introduces it without interfering with applications existing code or database.Without Secfense broker, the 2FA integration often requires changes in the apps' code and then manual check, which can take forever when there are hundreds of apps to protect.Secfense broker streamlines the process by taking over the traffic. The broker knows to which app the user wants to log in, and it asks the user to apply the 2FA method that was chosen for this specific app. Thanks to the Secfense broker the 2FA implementation process is quick & painless across the entire organization. Our customers can also easily switch to any other 2FA method available on the market connecting it with any application or device they need.
  • Brainbase — Unified Licensing Management Software. Track and visualize brand performance, contracts, and royalties. Manage approvals, track deals, and spot contract violations.
  • Supersimple — Supersimple helps SaaS companies use customer behavior data to drive decisions in product & sales.
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Token Ventures
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 4 investments in Estonia Payments startups

We see a bright future of blockchain-based technologies.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: Estonia, France, Austria

Investor stats

  • Total investments: 9
  • Round size: Seed $900k–$3.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Swipelux — Increase your revenue and improve compliance with one toolkit.
  • Blockmate — Connect millions of crypto users to your app with a single API
  • Teneo Protocol — Teneo Protocol is a decentralized physical infrastructure network (DePIN) initiative.
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Karma Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 4 investments in Estonia Payments startups

karma.vc is an early stage venture capital fund focusing on seed and early stage technology companies in Europe.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Series A, Seed, Series B
  • Geography: Estonia, United States, Finland

Investor stats

  • Total investments: 48
  • Round size: Seed $549k–$6.1M; Series A $4.4M–$16M; Series B $2.8M–$30M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — raised $106M in 2021

Portfolio highlights

  • Minut — Minut keeps your home safe and your neighbors happy while respecting your guests' privacy. Monitor noise and occupancy, secure your home, and enhance guest experience. Only Minut gives you the full insight you need to protect your homes, all in one single sensor.
  • Commsignia — Trust for the road ahead.
  • WunderGraph — Build supergraphs from any API across teams. Ship fast with governance and control. The complete open-source GraphQL Federation stack with Hub and Cosmo.
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BlackFin Capital Partners
VC Fund · Paris, Ile-de-France, France · 4 investments in Estonia Payments startups

BlackFin Capital Partners is the leading pan-European Financial Services PE Platform. The team consists of +35 experienced professionals from several nationalities.

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Investment focus

  • Industry: Financial Services, FinTech, Payments
  • Stage:Series A, Private Equity, Series B
  • Geography: France, Germany, Denmark

Investor stats

  • Total investments: 69
  • Round size: Series A $4.1M–$22M; Series B $10M–$103M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: Likely still investing — raised $410M in 2022

Portfolio highlights

  • Hawk — Award-winning AML & CFT technology powered by explainable AI increases your risk coverage, helps you identify more crime, and reduces your false positives.
  • Mooncard — Mooncard was created with an ambition: to put the new payment technologies at the service of the day-to-day management of all companies to enable them to gain in simplicity, efficiency and therefore profitability. Currently, many purchasing and spending processes remain manual and complex, ranging from routine purchases and expenses to expenseclaims. Businesses of any size, and often the small ones, lose valuable time to make and manage these payments. Mooncard completely transforms this situation by proposing an innovative payment solution, piloted in real time, secure and deployable very easily. Thanks to the most modern technologies (web, big data, IA ...) the payment and management circuit is completely automated.Mooncard supports all companies to enable them to take full advantage of the revolution of means of payment.
  • Descartes Underwriting — Descartes Underwriting is an insurtech company that specializes in climate risk modeling and data-driven risk transfer. It works with corporate brokers to design and underwrite innovative, bespoke, and affordable insurance. The company offers tech-based insurance products covering risks such as flooding, wildfires, droughts, and other large-scaleevents to businesses, across all sectors, including agriculture, hospitality, mining, construction, traditional and renewable energy, entertainment, and retail. The company was founded in 2019 and is headquartered in Puteaux, Ile-de-France, France.
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Blockchain Founders Fund
VC Fund · Singapore, Central Region, Singapore · 3 investments in Estonia Payments startups

We Focus Exclusively On Adding Value To Blockchain & Emerging Technology Projects With Real World Applications.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 204
  • Round size: Seed $550k–$7M; Pre-Seed $200k–$2M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $75M in 2022

Portfolio highlights

  • Hivello — Hivello is a Decentralized Physical Infrastructure Network aggregator. Contribute resources, connect with Web3 protocols, and effortlessly generate passive income.
  • ZOTH — Unified platform for yield, payments, cards & compliance, serving retail & institutional users.
  • MonkeyLeague — MonkeyLeague is a video game company. They develop PC and console-based NFT games. The company offers a turn-based, play-and-earn multi-player soccer game that provides monkey NFTs of genetic composition formulated from 32 traits.
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Morgan Creek Digital
VC Fund · Chapel Hill, North Carolina, United States · 3 investments in Estonia Payments startups

Morgan Creek Digital is a hedge fund backed by Morgan Creek Capital. Morgan Creek Digital specializes in the fields of digital asset management, financial services, and venture capital. It was founded in 2004 and headquartered in Chapel Hill, North Carolina.

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Investment focus

  • Industry: Blockchain, FinTech, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 40
  • Round size: Seed $2.5M–$14M; Series A $10M–$424M; Series B $7M–$155M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — raised $80M in 2021

Portfolio highlights

  • Hex Trust — Access custody, DeFi, brokerage, and financing services built on regulated infrastructure with Hex Trust, fully-licensed and insured digital asset custodian in Asia.
  • Gemini — The crypto super app for trading, predicting, and earning. Buy 90+ cryptos, trade prediction markets, and earn with staking and the Gemini Credit Card.
  • Fact Finance
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Mapleblock Capital
VC Fund · Delhi, Delhi, India · 3 investments in Estonia Payments startups

Mapleblock Capital is an investment firm that exclusively consults and invests in crypto-assets and blockchain companies. It was founded in 2017 and is headquartered in Delhi, India.

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Investment focus

  • Industry: Blockchain, Gaming, FinTech
  • Stage:Seed, Series A
  • Geography: United States, Estonia, Singapore

Investor stats

  • Total investments: 40
  • Round size: Seed $1.8M–$11M; Series A $3.2M–$20M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Rena Labs — Rena was creating the execution environment (TEE) abstraction Layer, designed to streamline deployment and execution workflows. This innovation aimed to enable a broad spectrum of verifiable AI use cases by providing a secure and efficient framework. Rena’s approach bridged the gap between advanced AI applications and the need for trusted, seamlessexecution, offering a foundation for reliability and scalability in AI-driven solutions.
  • Folks Finance — Folks Finance is a permissionless DeFi lending platform where users can lend and borrow crypto across chains, access loans, and manage digital assets in one unified liquidity protocol.
  • Cluster Protocol — Cluster Protocol is the co-ordination layer for AI agents, a carnot engine fueling the AI economy making sure the AI developers are monetized for their AI models and users get an unified seamless experience to build that next AI app/ agent within a virtual disposable environment facilitating the creation of modular, self-evolving AI agents.
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Practica Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 3 investments in Estonia Payments startups

Practica Capital

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Investment focus

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

Investor stats

  • Total investments: 115
  • Round size: Seed $219k–$3.3M; Pre-Seed $334k–$2.4M; Series A $2.2M–$25M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $85M in 2022

Portfolio highlights

  • Creem — Creem provides Indie Hackers, Micro-SaaS and SaaS businesses with instant financial tools and functionality. As a Merchant of Record our pre-integrated embeddable components tap your existing data, boosting revenue effortlessly. No costs—pure growth potential for your business.
  • Handwave — Handwave is the world’s first biometric wallet and identity platform — replacing wallets, phones, and IDs with a single gesture for in-store payments. Designed for retail, meant for people. End users can easily onboard their palms through the Handwave app by scanning their palm with the phone camera, linking payment and loyalty cards, and thenenjoy frictionless checkout at retail by simply scanning their palm at a payment terminal.
  • Outcraft AI — Outcraft AI develops autonomous revenue agents that convert, retain and grow customers across voice, SMS, email and messaging.
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Cryptomeria Capital
VC Fund · Singapore, Central Region, Singapore · 2 investments in Estonia Payments startups

We help you to enter the Chinese crypto market. We invest in blockchain projects.

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Investment focus

  • Industry: Blockchain, FinTech, Cryptocurrency
  • Stage:Seed
  • Geography: Estonia, Canada, United States

Investor stats

  • Total investments: 19
  • Round size: Seed $1M–$12M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Tradelize — Tradelize is LinkedIn for crypto traders and investors backed by real trading stats. Here anyone can find a way to increase their returns on the cryptocurrency market.
  • Zoo Finance — Zoo Finance is a pioneering DeFi protocol focused on unlocking liquidity from locked assets, empowering users to access capital more efficiently while maximizing the utility of their on-chain holdings.
  • IQ Labs — IQ Marketplace offers unique NFTs with exclusive utilities, boosting your in-game experience. With flexible renting parameters and multiple payment options, rent without collateral and unlock the full utility of NFTs. Say goodbye to gas fees with our gasless renting feature and multiply the value of NFT collections with our multi-utility renting. Explore now
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Access 48,091 investors

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

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365.fintech
VC Fund · Bratislava, Bratislava, Slovakia (Slovak Republic) · 2 investments in Estonia Payments startups

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

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Investment focus

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

Investor stats

  • Total investments: 17
  • Round size: Seed $987k–$10M; Pre-Seed $121k–$976k; Series A $12M–$13M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Ondato — Ondato provides KYC, AML, and age verification software to automate onboarding, prevent fraud, and ensure full regulatory compliance worldwide.
  • Montonio — 10x lower fees and the most customer-friendly financing solution.
  • Velaris — Velaris is a flexible, all-in-one Customer Success platform to help you create winning experiences. Automation, alerts, lifecycle management, health, intelligence
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Martin Sokk
Angel · London, England, United Kingdom · 2 investments in Estonia Payments startups

Martin Sokk is a Co-Founder, CEO of Lightyear Company. He attended Estonian Information Technology College.

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Investment focus

  • Industry: Rental, FinTech, Finance
  • Stage:Pre-Seed, Seed
  • Geography: Estonia

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Montonio — 10x lower fees and the most customer-friendly financing solution.
  • Vok Bikes — We build heavy-duty cargo bikes and rent them out to on-demand delivery companies and their couriers — no surprises, no extra fees. Currently active in Tallinn and Vilnius and expanding to London and Berlin Q4 2021.
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500 Istanbul
VC Fund · Istanbul, Istanbul, Turkey · 2 investments in Estonia Payments startups

500 Startups is a venture capital firm on a mission to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. Since its inception in 2010, 500 has provided hundreds of millions of investment dollars, acceleration programs, and support services to thousands ofentrepreneurs in over 60 countries.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Turkey, United States, Estonia

Investor stats

  • Total investments: 25
  • Round size: Seed $250k–$1.2M; Pre-Seed $720k–$2.6M; Series A $2.7M–$15M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2021

Portfolio highlights

  • Permify — Permify is an open-source authorization for building RBAC, ABAC, and Access Control in your application. Create your access control model, sync your authorization data, and enforce permission with a single check!
  • Refine — Build enterprise internal tools and B2B apps 10x faster with Refine agents. Experience the future of vibe coding and AI-led development.
  • Freeflow — The blockchain developer marketplace for web3 projects.
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NGC Ventures
VC Fund · Singapore, Central Region, Singapore · 2 investments in Estonia Payments startups

NGC Ventures has been investing in blockchain since 2017, with an investment thesis driven by infrastructure. We are an early-stage VC fund, among others, we invested early into Ziliqa, Solana, Avalanche, Filecoin. We have a global team of crypto natives that offers support and insights into token design, go-to-market and more.

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Investment focus

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

Investor stats

  • Total investments: 46
  • Lead/follow: no public data

Portfolio highlights

  • EthSign — EthSign is an e-signing platform that utilizes blockchain technology to offer a decentralized, customizable and transparent version of traditional signature service. EthSign aims to tackle data security issues caused by an over-reliance on centralized providers and build back trust in electronic signature services. With its Web3 technology(decentralized Identity, smart contract platforms and decentralized storage networks), the platform enables users to comment on, edit and access each version of an electronic agreement seamlessly and securely.
  • Shield — Shield is a holistic user security engine for web3 platforms and communities. Our system secures 250,000+ crypto users via discord bot and API integration.
  • Xverse — Xverse is the most advanced and user-friendly Bitcoin wallet. Earn BTC, trade Ordinals, and connect to Web3 apps powered by Stacks. Download for iOS, Android and Chrome.
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Payments startups, 8 in the past 12 months

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: 59
  • Lead/follow: no public data

Portfolio highlights

  • Modash.io — High performing marketing teams use Modash to find, analyze and monitor influencers at scale all over the world. Join them today.
  • ENGYcell — ENGYcell provides personalized energy storage solutions to reduce energy costs, gain energy independence, and participate in the energy market.
  • Trace.Space — Engineers develop complex products 10x faster with Trace.Space. Requirements management for the next generation
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Portage Ventures
VC Fund · Toronto, Ontario, Canada · 2 investments in Estonia Payments startups

Portage Ventures is a global fintech-focused venture capital investor. The firm makes early-stage investments in promising Canadian financial tech companies that have potential for global impact.

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Investment focus

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

Investor stats

  • Total investments: 146
  • Round size: Seed $2M–$16M; Series A $6.6M–$33M; Series B $7.5M–$60M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $451M in 2022

Portfolio highlights

  • Happl — Happl provides benefits that enable employees to choose what's right for them and tools for managers to support their teams, whilst taking care of the admin.
  • Alpaca — Alpaca API allows developers and businesses to build apps, embed investing, and trade algorithms
  • Croissant — Croissant gives guaranteed buybacks on new purchases, so you can buy more and better.
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Austin Federa
Angel · New City, New York, United States · 2 investments in Estonia Payments startups

Austin Federa is based out of New York, New York and is the Co-Founder of DoubleZero. Austin previously worked at the Solana Foundation as a Head of Strategy. Austin Federa attended Lawrence University.

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Investment focus

  • Industry: Blockchain, Web3, Cryptocurrency
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Estonia, Singapore

Investor stats

  • Total investments: 9
  • Round size: Seed $5.5M–$11M; Pre-Seed $2M–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Raiku — Raiku is a Web3 infrastructure startup focused on enhancing the Solana blockchain's reliability and predictability.
  • Elmnts — A tokenized commodity ecosystem, backed by real-world assets.
  • Compute Labs — computing Labs is a tokenized real-world asset (RWA) company dedicated to democratizing access to the computing industry using blockchain technology.
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Parallax Ventures
VC Fund · São Paulo, Sao Paulo, Brazil · 2 investments in Estonia Payments startups

Founded in 2018, Parallax Ventures is a Fintech-focused top quartile Venture Capital firm that focuses on early-stage investments, baking best-in-class entrepreneurs in the Financial Services industry. The firm invests in Fintechs across all subsectors of Financial Industry, including Open Finance, FMI, Exchanges, BaaS, IaaS, B2B SaaS,Blockchain/Web3, Credit, Wealth Management tech, and Productivity, among others. Parallax has invested in Fintechs in Brazil, USA, and Europe.

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Investment focus

  • Industry: FinTech, Financial Services, Bitcoin
  • Stage:Seed, Series A, Series B
  • Geography: Brazil, Estonia, United States

Investor stats

  • Total investments: 17
  • Round size: Seed $1.5M–$5.9M; Series A $14M–$15M
  • Lead/follow: 71% lead, 29% follow

Portfolio highlights

  • Wert — Making purchasing of NFTs seamless and not requiring users to have crypto.
  • Klavi — Klavi specializes in data analytics and open data connectivity that receives data securely, quickly, and scalable through a single API.
  • CAF — We are specialists in combating identity theft and people trying to impersonate others.
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500 Emerging Europe
VC Fund · California, Kentucky, United States · 2 investments in Estonia Payments startups

500 Emerging Europe help the companies from Emerging Europe scale globally.

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Investment focus

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

Investor stats

  • Total investments: 26
  • Round size: Seed $500k–$13M; Pre-Seed $80k–$3.2M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Evidose — On a mission to make clinical trials smarter, faster, and more efficient. Stay tuned.
  • Callsy AI — Recover up to +32% of lost carts. Use AI automated calling to recover lost sales.
  • DiffuseDrive — Search, Identify and Fill AI Data Gaps for Computer Vision in Autonomous Machines.
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Shima Capital
VC Fund · San Francisco, California, United States · 2 investments in Estonia Payments startups

Shima Capital is an investment fund that focuses on supporting blockchain startups. The firm is headquartered in San Francisco, California, United States.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Pre-Seed
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 241
  • Round size: Seed $1.7M–$11M; Pre-Seed $1.2M–$2.5M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Kapkap — Kapkap is a web3 platform that uses AI for attention based value distribution in gaming.
  • BullPerks — 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.
  • Mythic Protocol — The Central Hub for Mythic Operatives to conduct their operations
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Markus Villig
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Payments startups

Markus Villig is founder and CEO of Taxify. He attended University of Tartu.

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Investment focus

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

Investor stats

  • Total investments: 26
  • Round size: Seed $1.1M–$3.5M; Pre-Seed $230k–$3.4M
  • 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.
  • Sera — Sera's AI streamlines prospecting with tailored lists and enriched profiles, including accurate emails and metrics.
  • ScamGuardian.AI — Providing Actionable Intelligence to Stop Scams
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ff Venture Capital
VC Fund · New York, New York, United States · 2 investments in Estonia Payments startups

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

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: United States, Poland, Canada

Investor stats

  • Total investments: 287
  • Round size: Seed $1M–$4.3M; Series A $1.3M–$13M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: Likely still investing — raised $66M in 2023

Portfolio highlights

  • Moveline — Moveline provides multiple moving quotes from quality moving companies, all from one form. Get up to four quotes now.
  • Vumo — Car Scanner is a automotive company which scans car for automatic parking enforcement and car damage documentation via autonomous robot.
  • Linker Cloud Fulfillment Network — Linker Cloud is the future of fulfillment. We blur geographical boundaries for cross-border eCommerce and D2C companies, helping them to grow faster.
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ZBS CAPITAL
VC Fund · Kyiv, Kyyiv, Ukraine · 2 investments in Estonia Payments startups

ZBS Capital - distinguished crypto venture fund, backed by major media resources including CryptoDiffer.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Singapore, India

Investor stats

  • Total investments: 124
  • Round size: Seed $735k–$6M; Initial Coin Offering $2.9M–$25M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: May invest from a new fund soon — raised $500k in 2017

Portfolio highlights

  • Gamium — Gamium is a Web3 and Metaverse technology company building the truly Decentralized Social Metaverse.
  • Lympid — We believe that anyone should have access to the amazing opportunities found on the blockchain, from DeFi protocols (aave, compound, yearn…) to Crypto Indexes, there's so much to discover! At Lympid you will be able to do it all easily in the same app, and directly through EUR.
  • MonkeyLeague — MonkeyLeague is a video game company. They develop PC and console-based NFT games. The company offers a turn-based, play-and-earn multi-player soccer game that provides monkey NFTs of genetic composition formulated from 32 traits.
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Julien Bouteloup
Angel · London, England, United Kingdom · 2 investments in Estonia Payments startups

Julien Bouteloup is a Founder and CEO at Stake Capital Group. Julien previously worked at The British Blockchain Association as a Information Technology Advisor.Julien Bouteloup is a serial entrepreneur and inventor addicted to crazy innovative ideas. He has started his entrepreneurial career building websites and selling hardware technologies atage 14. He holds a Master's degree in Electrical Engineering from Union Graduate College (USA) and a Master's degree in Computer Science and Electrical Engineering from GEM (France), specializing in Artificial Intelligence.He started working in the research sector in USA and then went back to Europe where he started freelancing full-time and consulting in the IT sector for Security & Defence. After 2 years, he quit his freelance position to become a full-time entrepreneur and left to Asia. He has helped and started multiple tech startups in different locations: NYC, Paris, London, Hong-Kong, Brussels and Singapore.In 2017, he founded the Flyingcarpet Network.

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Investment focus

  • Industry: Cryptocurrency, Blockchain, FinTech
  • Stage:Seed, Angel, Series A
  • Geography: France, Singapore, United States

Investor stats

  • Total investments: 25
  • Round size: Seed $1M–$10M; Angel $250k–$2.5M; Series A $8.2M–$74M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Raiku — Raiku is a Web3 infrastructure startup focused on enhancing the Solana blockchain's reliability and predictability.
  • Zama — Secure data privacy of your application with the Zama Concrete framework and its fully homomorphic encryption library
  • Turtle Club — Turtle aligns incentives between protocols and LPs to offer the best curated incentives in DeFi.
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Golden Egg Check Capital
VC Fund · Enschede, Overijssel, The Netherlands · 2 investments in Estonia Payments startups

Het venture capital fonds van Golden Egg Check investeert samen met de beste angels en VCs in snelgroeiende techbedrijven.

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Investment focus

  • Industry: Software, Information Technology, Machine Learning
  • Stage:Seed, Pre-Seed, Series A
  • Geography: The Netherlands, Germany, Canada

Investor stats

  • Total investments: 35
  • Round size: Seed $1.1M–$4.7M; Pre-Seed $537k–$1.3M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely still investing — raised $511k in 2022

Portfolio highlights

  • Swipelux — Increase your revenue and improve compliance with one toolkit.
  • Sama — Sama elevates engagement to make the world a better place. B2B SaaS professional coaching to tackle challenges including diversity, performance, leadership. The Sama team, its select coach partners and clients share the mission of elevating engagement.
  • Peak Quantum — Peak Quantum focused on developing inherently error-protected superconducting quantum processors (QPUs).
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Hive Hatch
VC Fund · Greenwich, Connecticut, United States · 2 investments in Estonia Payments startups

Hive Hatch, a venture capital firm and studio, invests financial, human, and social capital in early stage founders to help them validate, build, and launch their SaaS startups.

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Investment focus

  • Industry: Software, SaaS, Retail
  • Stage:Pre-Seed, Seed, Series B
  • Geography: United States, Mexico, Estonia

Investor stats

  • Total investments: 15
  • Round size: Seed $120k–$1M; Pre-Seed $1.5M–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Pacto — Pacto provides technology to restaurants and bars in order to improve the customer experience and accelerate business growth. It seeks to be a catalyst for financial inclusion for small and medium-sized food and beverage companies by integrating them into digital commerce through technology-based solutions.
  • ILUMA — ILUMA is building the autonomous solution to onboard, manage, engage and support the next 1M DAO communities in web3.
  • Pacto — Presentamos Pacto, tu nueva forma de pedir y pagar en restaurantes.
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The Spartan Group
VC Fund · Singapore, Central Region, Singapore · 2 investments in Estonia Payments startups

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

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Investment focus

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

Investor stats

  • Total investments: 202
  • Round size: Seed $1.5M–$10M; Series A $5.1M–$32M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: May invest from a new fund soon — raised $30M in 2021

Portfolio highlights

  • Solana — Solana is the high performance network powering internet capital markets, payments, and crypto applications. Fast. Decentralized. Scalable. Energy efficient. Solana can power thousands of transactions per second.
  • Perion — Win Crypto Questing in AAA Games.
  • Tarta Labs — Tarta Labs is dedicated to building a next-generation anime IP ecosystem and aims to innovate within the anime gaming space by blending engaging narratives, high-quality visuals, and community-driven gameplay experiences.
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LD Capital
VC Fund · Shanghai, Shanghai, China · 2 investments in Estonia Payments startups

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

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 163
  • Round size: Seed $1.4M–$10M; Initial Coin Offering $1.2M–$9.5M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Intmax — INTMAX has developed significant innovations in ZK implementation making it a unique Layer2 rollup network that offers low cost, security, tunable privacy, and above all, scalability.
  • Joystream — Joystream is a block chain-based, decentralized video platform.
  • Konnex World — Konnex is building the decentralized coordination, verification, and payment layer for autonomous robots. Powered by Large Behavioral Models and Proof-of-Physical-Work, it connects machines into a single global network where robots can understand, collaborate, and transact.
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Triin Hertmann
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Payments startups

Triin Hertmann is founder of Grünfin, a sustainable investment platform, angel investor (mostly in Estonia and Nordics region). She is a former COO at TransferWise and early employee of Skype.

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Investment focus

  • Industry: FinTech, Software, E-Commerce
  • Stage:Seed, Pre-Seed
  • Geography: Estonia

Investor stats

  • Total investments: 7
  • Round size: Seed $1.8M–$2.7M; Pre-Seed $143k–$531k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Yaga — Yaga is designed for everyone who wants to sell items online in a convenient and secure manner.
  • Grünfin — Grünfin is a sustainable investing platform for people who care about their impact.
  • CARÁ Health — Suun combines a midwife-powered app with studios in Tallinn and Berlin to ease pregnancy and postpartum symptoms, build strength and support you every day.
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Untapped Capital
VC Fund · 2 investments in Estonia Payments startups

Untapped Capital is an early-stage venture capital firm.

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Investment focus

  • Industry: Artificial Intelligence, E-Commerce, Machine Learning
  • Stage:Pre-Seed, Seed
  • Geography: United States, Mexico, Estonia

Investor stats

  • Total investments: 24
  • Round size: Seed $1.5M–$3M; Pre-Seed $465k–$1.7M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Pulzaid — Platform for hybrid specialty care
  • Salmon Labs — Use Salmon to transform your CRM. Effortlessly clean, verify, and enrich your data. with AI capabilities. Keep Your CRM Data Fresh and Dynamic.
  • The Folklore Group — Shop luxury and emerging African fashion brands online at The Folklore. Designer clothing and accessories from Andrea Iyamah, MaXhosa, Orange Culture, Pichulik.
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Kash Dhanda
Angel · 2 investments in Estonia Payments startups

Kash Dhanda

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Investment focus

  • Industry: Blockchain, Web3, Cryptocurrency
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Estonia, Singapore

Investor stats

  • Total investments: 5
  • Round size: Seed $5.5M–$11M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Arcium — The first parallelized confidential computing network.
  • ZAR — ZAR establishes a connection between cash-based economies and the web3 framework, facilitating adoption of stablecoins.
  • SOON — SOON is building the highest throughput stack that allows for any SVM L2 to be deployed on any L1.
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Anatoly Yakovenko
Angel · San Francisco, California, United States · 2 investments in Estonia Payments startups

Anatoly is the creator of Solana. He led development of operating systems at Qualcomm, distributed systems at Mesosphere, and compression at Dropbox. He holds 2 patents for high performance Operating Systems protocols, was a core kernel developer for BREW which powered every CDMA flip phone (100m+ devices), and led development of tech that madeProject Tango (VR/AR) possible on Qualcomm phones.

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Investment focus

  • Industry: Blockchain, Software, Cryptocurrency
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, France

Investor stats

  • Total investments: 65
  • Round size: Seed $2.5M–$11M; Series A $9.5M–$74M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • ZAR — ZAR establishes a connection between cash-based economies and the web3 framework, facilitating adoption of stablecoins.
  • Circuit & Chisel — Circuit & Chisel is an agentic AI platform that enables agents to make transactions between autonomous agents.
  • Inference — Inference is a distributed GPU cluster for LLM inference based on Solana, providing a fast, scalable, and token-based API for models such as DeepSeek V3 and Llama 3.3.
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CoinFund
VC Fund · Brooklyn, New York, United States · 1 investments in Estonia Payments startups, 12 in the past 12 months

CoinFund is a private cryptoasset investor and blockchain research and advisory firm that focuses on crypto and blockchain investments. The firm was founded in 2015 and is headquartered in Brooklyn, United States.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Switzerland

Investor stats

  • Total investments: 117
  • Lead/follow: no public data

Portfolio highlights

  • Tableland — A 3k generative NFT built from 1,074 handcrafted works of art for the builders and creatives of cyberspace.
  • Earn Alliance — MissionWe believe in a world where games can positively transform the lives of billions. We are shaping that future by building communities and tools to inspire and empower gamers to unlock their full potential in web3.BackgroundAt the dawn of the decade, a group of very talented humans connected on the internet and had the idea of mergingblockchain technology with video games. This experiment created a multi-billion-dollar economy speculated by both investors and gamers. With peak daily trades in the billions, the world got its first taste of what we envision to be the future of gaming. Was it a mere stroke of luck or a snapshot of what could be? We believe in the latter. Behind these economies are tens of thousands of communities banding together in their exploration of these blockchain-powered game universes. On this adventure, some of us have found lifelong friends, mentors, job opportunities, and even discovered our life's passions. Others have been thrashed around by the currents of the markets and admitted what we hope to be temporary defeat. Wherever you landed, one thing is clear: there are a myriad of opportunities to be found here. Web3 games have proven to be a catalyst for life-changing opportunities Earn Alliance exists to help cultivate gamers, communities, and games in their exploration of this exciting future. We look forward to shaping the next generation of games with you.
  • Ghost Message — Ghost Message enables users to send an anonymous message to pals in a group chat to flirt, make jokes, or pose queries.
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TRGC
VC Fund · New York, New York, United States · 1 investments in Estonia Payments startups

We back visionary teams and companies that are in pursuit of a better global financial system, with an aim to foster the growth of the world’s most promising projects in the emerging technologies sector. Leveraging both our deep understanding of the ecosystem and our extensive industry connections, we are able to put capital to work efficiently,supporting the next wave of trailblazing blockchain, Web3 and DeFi innovators.

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Investment focus

  • Industry: Blockchain, Software, Cryptocurrency
  • Stage:Seed, Series A
  • Geography: United States, Singapore, France

Investor stats

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

Portfolio highlights

  • KRNL Labs — KRNL Labs is a decentralized infrastructure protocol that makes smart contracts and develops an open, multichain software registry for the Web3 ecosystem. That allows developers to build dApps that can leverage multiple blockchains simultaneously.
  • Apex Fusion — Apex Fusion uses cutting-edge technology to connect segregated UTXO and account-based networks, unlocking blockchain's full potential by allowing for seamless asset movement and growth across various yet unified protocols.
  • Warlock Labs — Warlock Labs is a provider of an omni-chain liquidation engine that improves the safety and profitability of decentralized protocols by recapturing the maximum extractable value.
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Jevgeni Kabanov
Angel · Tartu, Tartumaa, Estonia · 1 investments in Estonia Payments startups

Jevgeni Kabanov is the President of Bolt. He previously worked at Sabbatical as a Wandering Musician. Jevgeni Kabanov attended the University of Tartu.

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Investment focus

  • Industry: Health Care, E-Commerce, Apps
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Estonia, Ukraine, United States

Investor stats

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

Portfolio highlights

  • Supliful — Supliful develops an online platform for users to create their own food supplement brand. It provides a catalogue of products, order form templates, online store fronts, shipping, and delivery services. Supliful has fulfilment facilities in Riga, Latvia and Denver, CO. Supliful is founded by a team of serial entrepreneurs who have successfullybuilt and exited an ecommerce company grafomap.com. You can read about it more at Business Insider - https://www.businessinsider.com/
  • Hirio — Volume Hiring AI Automator
  • CARÁ Health — CARÁ Health is creating a hybrid health and well-being platform for women throughout any stage of maternity to make them feel empowered and make informed choices. We do this by combining all verticals a woman needs (and does not yet knows she needs) during the maternity period, including education, products, podcasts, masterclasses, and servicerecommendations.
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Atomico
VC Fund · London, England, United Kingdom · 1 investments in Estonia Payments startups, 13 in the past 12 months

Atomico invests in innovative technology companies around the world.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series A, Series B, Series C
  • Geography: United States, United Kingdom, Germany

Investor stats

  • Total investments: 178
  • Lead/follow: no public data

Portfolio highlights

  • Corti — Corti offers a digital assistant, augmenting medics in improving patient outcomes and internal performance.
  • Klu.ai — Klu.ai is a generative AI platform that simplifies the process of designing, deploying, and optimizing AI applications.The company integrates major large language models (LLMs) such as Anthropic Claude, Azure OpenAI, GPT-4, and over 15 other models, enabling rapid prompt/model experimentation, data gathering, and user feedback. The platformoffers features like Klu Actions for content generation, business operations workflows, content analysis, and summarization, as well as optimization techniques for A/B testing and fine-tuning support for models like OpenAI's GPT-3.5 Turbo and GPT-4. Klu.ai is committed to data privacy and security, providing data obfuscation and redaction features to protect sensitive information.Klu.ai is founded by Stephen M. Walker II in 2022 and is located in San Francisco, California.
  • 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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Peter Sandberg
Angel · Copenhagen, Hovedstaden, Denmark · 1 investments in Estonia Payments startups

Peter Sandberg is a Co-Founder of Nordic Secondary Fund, and a venture partner at Startup Wise Guys. He has extensive experience as a Business Angel, Asset Management and Wealth Management

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Investment focus

  • Industry: Internet, Mobile Payments, Artificial Intelligence
  • Stage:Angel, Pre-Seed, Secondary Market
  • Geography: Denmark, Kenya, Estonia

Investor stats

  • Total investments: 16
  • Lead/follow: no public data

Portfolio highlights

  • Simporter — Make better products with more confidence, in just a fraction of the time.
  • Cavea — CAVEA.IO is providing AI based sponsorship and advertising measurement for esports and brands. We help companies make better and more informed decisions based on insights by analyzing the impact of marketing in streaming and social media. We offer authentic and lightning-fast customer support smoother than you ever expected. Working with giantslike FNATIC, ASTRALIS, and DREAMHACK - we continuously strive to become better and deliver more than anyone expects.
  • Hive.id — Proactively prevent fraud, build secure experiences for your customers and drive your revenue growth.
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Intel Capital
VC Fund · Santa Clara, California, United States · 1 investments in Estonia Payments startups, 21 in the past 12 months

Intel Capital invests in innovative startups targeting cloud and AI infrastructure, edge, 5G, autonomy, cybersecurity, client & gaming, enterprise applications, silicon design and manufacturing, and a wide range of other disruptive technologies.

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Investment focus

  • Industry: Software, Information Technology, Enterprise Software
  • Stage:Series B, Series A, Series C
  • Geography: United States, Israel, China

Investor stats

  • Total investments: 903
  • Lead/follow: no public data

Portfolio highlights

  • MaxIQ — With MaxIQ, revenue teams aren’t just forecasting closed deals — they’re managing the entire revenue lifecycle. Our AI-powered insights automatically surface risks, such as slow onboarding, stalled product adoption, or shifts in stakeholder engagement, enabling proactive intervention.By aligning Sales and Customer Success on a shared customerjourney workspace, MaxIQ ensures nothing falls through the cracks. Seamless handoffs, clear action plans, and real-time visibility into account health allow teams to accelerate time-to-value, increase adoption rates, and uncover expansion opportunities earlier.
  • Bria — Bria is a Computer Software company.
  • ChEmpower — ChEmpower is an advanced materials company that develops chemically reactive, abrasive-free planarization pads to improve chip yields and sustainability in semiconductor manufacturing.
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hypra.fund
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Estonia Payments startups

We create the conditions for rapid company growth so the founder can focus entirely on product development.

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Investment focus

  • Industry: Software, Blockchain, FinTech
  • Stage:Seed
  • Geography: Estonia, Ukraine, United States

Investor stats

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

Portfolio highlights

  • Utorg — Utorg is a fintech company that offers а modern on/off-ramp and web3 consumer infrastructure to deliver а top-notch user experience. The company is EU-based and holds a license for providing a virtual currency service, in particular exchanging a virtual currency against fiat currency, virtual currency wallet service, and exchanging virtualcurrency against a virtual currency.Utorg was founded in 2020 and is based in Tallinn, Estonia.
  • EvaCodes — We take every project personally. We treat each business idea as our own. We invest the expertise, the know-how, the entrepreneurial spirit to impart the innovative interpretation and digital embodiment to our clients’ ideas. We aim to present only solutions to clients while hiring the top IT talent to deal with unavoidable issues.Evacodesrecognizes the competitive edge of the blockchain development services market. This is just one of the multiple reasons why we go that extra mile. Every time. With every project. This is also why we keep winning tenders for mobile app and software development services. This is why we manage to keep our clients coming back with bigger projects & still live up to their high expectations. App after app again.Our major expertise in custom software development lies in the below fields:Blockchain solutions Mobile Apps development Custom Software development E-commerce Software QA & testing IoT solutions Digital transformation We are focusing on assisting to integrate digital transformation to mid-sized and growing businesses from these industries:FinTech Real estate Communication Healthcare Media Business Retail & Commerce Games & Entertainment Education
  • Trinetix inc — Trinetix is a globally trusted digital partner. We help Fortune 500 companies and fast-growing brands create a better digital future by setting impactful ideas in motion.
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Collective Ventures
VC Fund · Fort Lauderdale, Florida, United States · 1 investments in Estonia Payments startups

Moving financial inclusion forward.

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Investment focus

  • Industry: FinTech, Blockchain, Software
  • Stage:Seed, Series A, Initial Coin Offering
  • Geography: Germany, Estonia, United States

Investor stats

  • Total investments: 12
  • Lead/follow: no public data

Portfolio highlights

  • Nira — NIRA is an RBI approved instant loan app that provides low interest instant loans. NIRA Finance is the best app for salaried people where you can avail a loan up to 1 lakh on EMI using a secure 100% online process. Low Interest Loans up to 1 lakh for salaried.
  • nuvo — Transform the way you import data with nuvo, to create fast, non-technical way to handle spreadsheet data.
  • Flowers-Software GmbH — Flowers Software is an organization management for digitizing, simplifying and automating recurring workflows.Flowers -Software can be used independent of company size, industry, region, and existing company structure due to its highly flexible no-code process editor.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Launchbay Capital
VC Fund · London, England, United Kingdom · 1 investments in Estonia Payments startups

## Build Setup

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Investment focus

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

Investor stats

  • Total investments: 48
  • Lead/follow: no public data

Portfolio highlights

  • Sami — Sami is a Brazil-based health plan startup that provides a technology-based solution intended to be used in the healthcare sector. The company focuses on making health care simpler, more efficient, and friendlier by using simplified solutions, thus, providing patients with reduced costs for their medical care needs. Their mission is to transformBrazilian health into something simple, easy, reliable, and accessible, which helps each person to be their best version.Founded by Vitor Asseituno and Luiz Guilherme Berardo in 2018 and is based in São Paulo, Brazil.
  • Desia — Desia provides advanced AI applications for productivity, automation, and analytics for financial services.
  • Honeycomb — Honeycomb (fka Agilius) is the only place where you can buy a condo/apartment building master policy online in less than 3 minutes at a fraction of the cost! Instant, free, no hassle quotes, online everything and up to 40% savings. With all that we're bringing simplicity and transparency to the real estate insurance space for condoassociations (HOAs), building owners, property managers, and developers everywhere. This is what we do. This is all we do.
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Tagus Capital
VC Fund · London, England, United Kingdom · 1 investments in Estonia Payments startups

Tagus Capital invests and supports entrepreneurs at the forefront of Web3 innovation combining Blockchain with advanced technologies such as Artificial Intelligence, Machine Learning, Reverse Computing, and Big Data.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Israel

Investor stats

  • Total investments: 16
  • Lead/follow: no public data

Portfolio highlights

  • GPU-EVM — Accelerating EVM execution by 50x | Stay up to date with GPU-EVM
  • FLock.io — FLock enables decentralised and privacy-preserving machine learning, coordinated by smart contractsWe work to make user data collection obsolete, and widespread governance participation guaranteed by codewe propose to use distributed ledger technology (DLT) to achieve FLock, a secure and reliable decentralized {F}ederated {L}earning systembuilt on B{lock}chain.Or, in plain words, we build TensorFlow Federated (TFF) for Web 3.0
  • Cookbook — The easiest way for web3 developers to find documented smart contracts, solidity libraries, and discover protocols. Easily integrate with ChainIDE, Remix, Hardhat and Foundry.
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Tezos Foundation
VC Fund · Zug, Zug, Switzerland · 1 investments in Estonia Payments startups

We believe that Tezos will drive social, political and economic innovation on a global scale.

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Investment focus

  • Industry: FinTech, Blockchain, Software
  • Stage:Seed, Series A
  • Geography: United States, France, Estonia

Investor stats

  • Total investments: 9
  • Lead/follow: no public data

Portfolio highlights

  • Wert — Making purchasing of NFTs seamless and not requiring users to have crypto.
  • fxhash — The open platform for artists and collectors to live out their passion for generative art.
  • GET Protocol — Supercharge your tickets with NFTs and the Blockchain. Easily implement the latest technology and unlock the benefits of truly digital tickets with GET Protocol.
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Circle
VC Fund · Boston, Massachusetts, United States · 1 investments in Estonia Payments startups

Circle helps businesses and developers harness the power of digital dollar stablecoins for payments and internet commerce worldwide. Learn more today!

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Pre-Seed
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 45
  • Lead/follow: no public data

Portfolio highlights

  • Codex — Codex is a peer-to-peer version of electronic cash allow online payments to be sent directly from one party to another without going through a financial institution.
  • Octane — A developer-first platform to stress-test your smart contracts with cutting-edge AI. One-click install. Save time and money on security.
  • Lens Protocol — Lens Protocol is a composable and decentralized social graph, ready for you to build on so you can focus on creating a great experience, not scaling your users.
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Jdac
VC Fund · Singapore, Central Region, Singapore · 1 investments in Estonia Payments startups

We are committed to supporting our portfolio companies at every stage of their journey and nurturing our global relationships.

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Investment focus

  • Industry: FinTech, Internet, Payments
  • Stage:Seed
  • Geography: Estonia

Investor stats

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

Portfolio highlights

  • Wert — Making purchasing of NFTs seamless and not requiring users to have crypto.
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Jens Ohr
Angel · Karlsruhe, Baden-Wurttemberg, Germany · 1 investments in Estonia Payments startups

Jens Ohr is the Founder at Bridge Lake Capital

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Investment focus

  • Industry: Machine Learning, Artificial Intelligence
  • Stage:Seed
  • Geography: Germany

Investor stats

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

Portfolio highlights

  • VisioLab — VisioLab combines human-centric artificial intelligence with the responsibility of making data-driven decisions in order to establish a more sustainable agricultural economy. VisioLab was founded by Tim Niekamp and Justin Shenk.
  • 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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YBB Foundation
VC Fund · 1 investments in Estonia Payments startups

YBB Foundation is a group of tech fans and early investors in crypto.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Israel, Estonia

Investor stats

  • Total investments: 9
  • Lead/follow: no public data

Portfolio highlights

  • Mint Gate — Create and enjoy gated experiences from your NFT communities. A NFT based social platform where you`re NFTs come alive.
  • Bison Labs — Bison Labs is a cutting-edge rollup that enhances transaction speeds and enables advanced capabilities on native Bitcoin.
  • Web3Auth — Web3Auth is simple, non-custodial auth infrastructure that enables Web3 wallets and applications to provide seamless user logins for both mainstream and native Web3 users.
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LAUNCHub Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Estonia Payments startups

LAUNCHub is a leading early-stage venture capital fund focused on investing in startups in South-Eastern (SEE) and Central-Eastern (CEE) Europe.

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Investment focus

  • Industry: Software, SaaS, Enterprise Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Bulgaria, United Kingdom, United States

Investor stats

  • Total investments: 131
  • Lead/follow: no public data

Portfolio highlights

  • AMPECO — AMPECO enables large-scale EV charging providers to launch and scale their business operations under their own brand. The company offers a white-label and hardware-agnostic EV charging management platform to cover all business cases - public, private, and home charging. Advanced energy management, flexible billing and subscription management,automatic maintenance algorithms, and inter-operator roaming are some of the platform’s key components. With security and scalability at its core, the platform allows large-scale operators like energy companies, oil and gas, fleets, hardware manufacturers and installers to achieve quick go-to-market in a few months with a ready-made platform combined with unmatched flexibility and extensibility via APIs. AMPECO supports more than 110 charging network operators in over 45 markets and has been globally recognized by Frost & Sullivan for its superior technological innovation and strategic development with the 2022 Global Product Leadership Award.
  • SplxAI — SplxAI provides the most comprehensive platform for AI Security Testing and Red Teaming, ensuring your AI Assistants and Agents are secure and reliable from build to runtime.
  • UVIONIX — Uvionix deploys Autonomous Flying Robots (AFRs) to monitor and report live data, ensuring a comprehensive view of operations, workflow efficiency, and near 100% inventory level accuracy. The system creates live digital twins of warehouse spaces, meticulously tracking each material movement. Delivering precise, unbiased data, and being immune to human error, the platform drastically enhances material planning, reduces stock losses, and lowers labor costs.
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VR Ventures
VC Fund · Berlin, Berlin, Germany · 1 investments in Estonia Payments startups, 8 in the past 12 months

VR Ventures supports leading-edge startups in the financial services and real estate sector. VR Ventures supports companies with shared access to their network, deep pool of expertise, and market knowledge. VR Ventures is headquartered in Berlin, Germany.

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Investment focus

  • Industry: Software, FinTech, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, France, Estonia

Investor stats

  • Total investments: 21
  • Lead/follow: no public data

Portfolio highlights

  • nuwo — Workplace as-a-Service. nuwo is the #1 platform 
for financing, equipping 
and managing hybrid 
workspaces
  • Banxware — Banxware provides the technology and the funds for business financing of any kind: fully embedded in your platform or as an affiliate solution - all managed by Banxware
  • Orus — L'assurance professionnelle que vous attendiez. Plus juste, rapide, simple et humaine. Souscrivez en 5 minutes et recevez votre attestation sous 48 heures.
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Johannes Jõgi
Angel · 1 investments in Estonia Payments startups

Johannes Jõgi

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Investment focus

  • Industry: SaaS, Mobile, Analytics
  • Stage:Seed
  • Geography: Estonia

Investor stats

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

Portfolio highlights

  • Festivality — Festivality is a platform technology for festivals and events to build smarter next-generation mobile apps, gain new revenues and actionable event and fan analytics. Festivality digitizes live events and turns them into actionable data.
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Payments Investor funding in Estonia at a glance

Stats across 32 deals from 61 investors.

61
investors
in Estonia Payments startups
32
deals
in Estonia Payments startups
$4.3M
median round
in Estonia Payments startups
30%
lead investors
lead at least one round
38%
Pre-Seed
most common funding stage
80/20
VC / Angel
share of investor count

Access all 61 investors in Estonia Payments startups.

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