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Top 50 Payments VC Funds & Investors in Estonia (June 2026)

The most active venture capital funds 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
BlackFin Capital Partners
VC Fund
4 France, Germany, Denmark Series A, Private Equity, Series B Financial Services, FinTech, Payments $4.1M–$103M
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
Blockchain Founders Fund
VC Fund
3 United States, United Kingdom, Singapore Seed, Pre-Seed Blockchain, Cryptocurrency, FinTech $200k–$7M
Practica Capital
VC Fund
3 Lithuania, United Kingdom, United States Seed, Pre-Seed, Series A B2B, Software, Information Technology $219k–$25M
Mapleblock Capital
VC Fund
3 United States, Estonia, Singapore Seed, Series A Blockchain, Gaming, FinTech $1.8M–$20M
Morgan Creek Digital
VC Fund
3 United States, Canada, Israel Seed, Series A, Series B Blockchain, FinTech, Financial Services $2.5M–$424M
NGC Ventures
VC Fund
2 United States, Singapore, Hong Kong Seed, Series A Blockchain, Cryptocurrency, Gaming
500 Emerging Europe
VC Fund
2 United States, Turkey, Poland Seed, Pre-Seed, Convertible Note Software, SaaS, Information Technology $80k–$13M
365.fintech
VC Fund
2 United Kingdom, Germany, Belgium Seed, Pre-Seed, Series A FinTech, Financial Services, Software $121k–$13M
ff Venture Capital
VC Fund
2 United States, Poland, Canada Seed, Series A Software, Information Technology, Artificial Intelligence $1M–$13M
Parallax Ventures
VC Fund
2 Brazil, Estonia, United States Seed, Series A, Series B FinTech, Financial Services, Bitcoin $1.5M–$15M
500 Istanbul
VC Fund
2 Turkey, United States, Estonia Seed, Pre-Seed, Series A Software, Information Technology, SaaS $250k–$15M
ZBS CAPITAL
VC Fund
2 United States, Singapore, India Seed, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $735k–$25M
Untapped Capital
VC Fund
2 United States, Mexico, Estonia Pre-Seed, Seed Artificial Intelligence, E-Commerce, Machine Learning $465k–$3M
Portage Ventures
VC Fund
2 United States, Canada, United Kingdom Seed, Series A, Series B FinTech, Financial Services, Software $2M–$60M
LD Capital
VC Fund
2 United States, Singapore, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $1.2M–$10M
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
Shima Capital
VC Fund
2 United States, Singapore, United Kingdom Seed, Pre-Seed Blockchain, Cryptocurrency, Gaming $1.2M–$11M
Cryptomeria Capital
VC Fund
2 Estonia, Canada, United States Seed Blockchain, FinTech, Cryptocurrency $1M–$12M
Launchbay Capital
VC Fund
1 United States, United Kingdom, Israel Series A, Series B, Seed Financial Services, Software, FinTech
UOB Venture
VC Fund
1 United States, Singapore, China Seed, Series B, Series A Cryptocurrency, FinTech, Financial Services
BlackDragon
VC Fund
1 France, Singapore, Estonia Seed, Pre-Seed Blockchain, Cryptocurrency, Software
OKX Ventures
VC Fund
1 United States, Singapore, Hong Kong Seed, Series A Blockchain, Cryptocurrency, Gaming
DWF Labs
VC Fund
1 United States, Singapore, United Kingdom Seed, Pre-Seed Blockchain, Cryptocurrency, Information Technology
Lemonade Stand
VC Fund
1 Estonia, India, Poland Seed, Pre-Seed, Angel Software, SaaS, FinTech
VR Ventures
VC Fund
1 Germany, Estonia, Switzerland Seed, Pre-Seed, Series A FinTech, Software, Information Technology
TA Ventures
VC Fund
1 United States, Germany, India Seed, Series A E-Commerce, Software, Health Care
MH Ventures
VC Fund
1 United States, Singapore, United Arab Emirates Seed, Pre-Seed Blockchain, Cryptocurrency, Software
APX
VC Fund
1 Estonia Seed FinTech, Software, Mobile Payments
Atomico
VC Fund
1 United Kingdom, United States, Germany Series A, Series B, Series C Software, Information Technology, Artificial Intelligence
Pnyx Ventures
VC Fund
1 Canada, Estonia, Germany Seed, Pre-Seed Blockchain, Cryptocurrency, Financial Services
Fenbushi Capital
VC Fund
1 United States, Singapore, China Seed, Series A Blockchain, Cryptocurrency, Software
Stellar Development Foundation
VC Fund
1 United States, Spain, Brazil Seed, Corporate Round Financial Services, Blockchain, FinTech
MaxxCapital
VC Fund
1 Estonia, Vietnam, United Kingdom Seed, Private Equity Blockchain, Cryptocurrency, Social Network
Redstone.VC
VC Fund
1 Germany, Finland, France Seed, Series A Software, Information Technology, Health Care
Collective Ventures
VC Fund
1 Germany, Estonia, United States Seed, Series A, Initial Coin Offering FinTech, Blockchain, Software
Fairum Ventures
VC Fund
1 Estonia, Grenada, Malaysia Seed Cryptocurrency, Gaming, Online Games
LAUNCHub Ventures
VC Fund
1 Bulgaria, United Kingdom, United States Seed, Series A, Pre-Seed Software, SaaS, Enterprise Software
Wintermute Ventures
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Financial Services
The Global Emerging Markets Group
VC Fund
1 United States, Canada, Switzerland Private Equity, Post-IPO Equity Blockchain, Biotechnology, Financial Services
Avalon Wealth Club
VC Fund
1 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Gaming
FunFair Ventures
VC Fund
1 Switzerland, Peru, India Seed, Pre-Seed, Series A Cryptocurrency, Blockchain, FinTech
Waterdrip Capital
VC Fund
1 Singapore, United States, Canada Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Bitcoin
Tagus Capital
VC Fund
1 United States, United Kingdom, Israel Seed, Series A Blockchain, Cryptocurrency, Information Technology
DeltaHub Capital
VC Fund
1 Singapore, India, Estonia Seed, Pre-Seed, Series A Blockchain, Internet, Software
Access all 49 VC funds 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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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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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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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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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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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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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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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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Access 48,091 investors

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

Browse database — It's Free!
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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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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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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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 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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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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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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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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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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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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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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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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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: 49
  • 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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UOB Venture
VC Fund · Singapore, Central Region, Singapore · 1 investments in Estonia Payments startups

UOB Venture, an investment firm, finances privately-held companies through direct equity investment, mainly in Southeast Asia and China.

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Investment focus

  • Industry: Cryptocurrency, FinTech, Financial Services
  • Stage:Seed, Series B, Series A
  • Geography: United States, Singapore, China

Investor stats

  • Total investments: 103
  • Lead/follow: no public data

Portfolio highlights

  • TRUGO TECH — TRUGO TECH focuses on the research, development, and manufacturing of wire-controlled chassis. ESC and ABS are the main products of QianGu Technology
  • Usdx money — usdx.money is a secure and decentralized bankless synthetic stablecoin issuer with the mission to better serve people with next gen stablecoin infra connecting DeFi, CeFi, and TradFi.
  • Zypher Network — Zypher Network, Portal for Revolutionary Fully-on-Chain Games using ZKP & AI
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BlackDragon
VC Fund · Zagreb, Grad Zagreb, Croatia · 1 investments in Estonia Payments startups

BlackDragon is a decentralized blockchain-native fundraising group with dedicated in-house marketing, development, and research teams. We support the projects we invest in by providing invaluable resources in marketing, advisory, community growth, and access to our expansive, yet exclusive industry network.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Pre-Seed
  • Geography: France, Singapore, Estonia

Investor stats

  • Total investments: 10
  • Lead/follow: no public data

Portfolio highlights

  • Zizle — Zizle wants to use the Solana blockchain to transform social networking: better data privacy, decentralized governance, and more efficient revenue streams for consumers and producers. the platform's goal is to make social networking a more entertaining, healthy, and profitable environment.
  • GPU.Net — GPUNet offers a scalable, blockchain-based solution for decentralized GPU computing. Access or rent out GPU resources for AI, data analysis, and scientific research.
  • Folks Finance — Folks Finance is a DeFi platform to lend, borrow, trade, and manage digital assets all in one place.
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OKX Ventures
VC Fund · Mahé, Beau Vallon, Seychelles · 1 investments in Estonia Payments startups, 57 in the past 12 months

OKX Blockdream Ventures is a fund focused on exploring high-quality blockchain projects with great potential.

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Investment focus

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

Investor stats

  • Total investments: 165
  • Lead/follow: no public data

Portfolio highlights

  • PlaysOut — PlaysOut is a mini-game platform that helps developers publish mini-games on superAPP platforms
  • Memes Lab — Memes Lab is a multi-level meme infrastructure on TON, integrated with Telegram Stars, which allows users to purchase meme coins without a wallet.
  • Cygnus Finance — Cygnus is a tool that helps different blockchains work together by allowing to share security and keep their networks safe.
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DWF Labs
VC Fund · Singapore, Central Region, Singapore · 1 investments in Estonia Payments startups

DWF Labs is the leading crypto venture capital company, market maker & liquidity provider. We help build strong web3 companies.

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Investment focus

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

Investor stats

  • Total investments: 108
  • Lead/follow: no public data

Portfolio highlights

  • Rice AI — Rice AI is a decentralized AI smart-contract protocol designed to provide autonomous training and incentive mechanisms for robots.
  • Depinsim — DepinSim is a blockchain-based eSIM platform that lets users access global mobile data and earn rewards.
  • Block Street — Blockstreet is a multichain platform driving USD1 stablecoin adoption, smart contract deployment, and cross-chain DeFi growth tools.
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Lemonade Stand
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Payments startups

Lemonade Stand is a VC fund that focuses on early stage B2B investments in Baltic and East European founders no matter the HQ location. Investing €25-300K in strong teams, technology or traction.

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Investment focus

  • Industry: Software, SaaS, FinTech
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Estonia, India, Poland

Investor stats

  • Total investments: 26
  • Lead/follow: no public data

Portfolio highlights

  • Wowflow — Tailor-made software for property and facility maintenance teams. Digitize your property management tasks and automatize documentation.
  • Grünfin — Grünfin is a sustainable investing platform for people who care about their impact.
  • Value.Space — Space based risk assessments & monitoring
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VR Ventures
VC Fund · Berlin, Berlin, Germany · 1 investments in Estonia Payments startups

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

Investor stats

  • Total investments: 14
  • Lead/follow: no public data

Portfolio highlights

  • nuwo — Workplace as-a-Service. nuwo is the #1 platform 
for financing, equipping 
and managing hybrid 
workspaces
  • Empion — EMPiON – The Robo Advisor for Cultural FitEmpion is a data-based job platform that matches companies and applicants based on company culture, values and skills. Using an AI-based Robo Advisor, Empion quantifies company culture and implements automated headhunting.Every second employee is currently thinking about a job change. The 5 mostimportant factors for job satisfaction have to do with company culture and values. And yet, company culture remains largely ignored on customary job portals. The results for companies and applicants are inefficient hiring processes and high employee turnover.Our vision is bringing company culture to every hire in the world.For more information visit www.empion.de
  • ContractHero — ContractHero is a leading digital contract management solution for business customers. The smart and easy-to-use software provides an overview of all current contracts, quickly identifies unnecessary costs and reduces risks from missed contract deadlines. As a result, companies have full control over their contracts and avoid missed deadlines andunnecessary costs.
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TA Ventures
VC Fund · Frankfurt, Hessen, Germany · 1 investments in Estonia Payments startups

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

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Investment focus

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

Investor stats

  • Total investments: 159
  • Lead/follow: no public data

Portfolio highlights

  • Bipi — Bipi is a car subscription startup offering consumers a hassle-free alternative to car ownership with fully-flexible, all-inclusive monthly subscriptions to quality new and used cars for a single, all-inclusive monthly payment and a digital-first, 100% online transaction process. Its platform lets users book cars, subscribe, swap, and cancel it atany point in time that enables customers to revolutionize the way they access cars.Bipi was co-founded by Hans Christ and Alejandro Vigaray in 2017 and it is headquartered in Madrid, Spain.
  • AccessOwl — AccessOwl is an Access Governance and SaaS management tool. Allowing customers to automate user account provisioning, access requests, approvals and reviews as well as Shadow IT detection.
  • Tortoise — Tortoise is an automated delivery platform for the retail and logistics industries. It was founded by David Graham and Dmitry Shevelenko. Companies like Lyft, Microsoft, and Samsung have brought David in when developing novel technologies and concepts. Meanwhile, Dmitry oversaw the new modality partnership strategy at Uber and led Uber’s firstdeals with JUMP, Getaround, and the public transit ticketing system Masabi. Together, the two have identified some of the biggest pain points in logistics and shared micromobility and are setting out to tackle them together.
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MH Ventures
VC Fund · London, England, United Kingdom · 1 investments in Estonia Payments startups

MH Ventures is a world class community-backed Venture Capital investing in top blockchain projects of the future

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Pre-Seed
  • Geography: United States, Singapore, United Arab Emirates

Investor stats

  • Total investments: 166
  • Lead/follow: no public data

Portfolio highlights

  • Voyage — Voyage AI is an AI infrastructure project building the first GEOFi network to make AI-generated content citable.
  • PublicAI — PublicAI is a Web3 distributed AI training network that helps people to earn rewards by contributing data work.
  • Cold River Games — Crystalfall is an upcoming free online action RPG with customizable skills and an endless endgame, set in a steampunk world.
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APX
VC Fund · San Jose, California, United States · 1 investments in Estonia Payments startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Cino — Cino automatically deducts everyone's share from their bank accounts. Create groups with whom you want to share bills, set your ratio split & stop fronting costs!
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Atomico
VC Fund · London, England, United Kingdom · 1 investments in Estonia Payments startups

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 Kingdom, United States, Germany

Investor stats

  • Total investments: 208
  • Lead/follow: no public data

Portfolio highlights

  • Gengo — People-powered translation at scale. Gengo provides fast, affordable and quality translations by native speakers located worldwide.
  • Ankar AI — Your AI Operating System for Patents
  • Ben — Ben is the all-in-one platform for any company to personalise benefits and reward.Our secret? Marrying a modern software (SaaS) platform with per-employee Mastercards and financial infrastructure. That’s how Ben instantly adds employee choice to your existing benefits, unlocks access to hundreds of additional options through Ben Card, all whilesaving you time and money.
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Pnyx Ventures
VC Fund · 1 investments in Estonia Payments startups

PNYX Ventures is a digital asset management firm specialising in blockchain capital markets.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Pre-Seed
  • Geography: Canada, Estonia, Germany

Investor stats

  • Total investments: 23
  • Lead/follow: no public data

Portfolio highlights

  • Joystream — JoyStream is a blockchain powered decentralized media distribution, curation, discovery, and monetization platform.
  • t1 (aka t1 protocol) — t1 protocol cross-chain applications and scalability are facilitated by real-time proofs and immediate settlement.
  • Webb Protocol — Welcome to Webb, an ecosystem of infrastructures and applications designed to extend privacy to the blockchain space. We are committed to a future where privacy is accessible for all in the multi-chain world.
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Fenbushi Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in Estonia Payments startups

Fenbushi Capital is the first and most active blockchain-focused venture capital firm in Asia. Founded in Shanghai in 2015 by veterans across both blockchain and traditional financial industries, it has to date supported over 80 leading projects across 4 continents leveraging blockchain technology to reshape myriad industries such as finance,healthcare, supply chain, and consumer goods. Fenbushi’s mission is to drive healthy and sustainable growth in the global blockchain ecosystem, and actively works as a long-term strategic partner to its portfolio projects.

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Investment focus

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

Investor stats

  • Total investments: 189
  • Lead/follow: no public data

Portfolio highlights

  • Irreducible — Ulvetanna provides fast and cost-effective computation of zero-knowledge succinct proofs. We operate FPGA clusters tailor-made for ZKP computation at scale, purpose-built to support Layer-1 and Layer-2 blockchain protocols.
  • MetaEra — MetaEra is a one-stop resource aggregator for Web3.0. Meta Era focuses on blockchain and metaverse exploration, pursuing professional, thorough, and reliable information and data.
  • Chronicle Labs — Chronicle Protocol brings data onchain via decentralized, cost-efficient, verifiable oracles, powering DeFi and RWAs with DeFi and Proof of Asset Oracles.
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Stellar Development Foundation
VC Fund · San Francisco, California, United States · 1 investments in Estonia Payments startups

Stellar Development Foundation is a decentralized, fast, scalable, and uniquely sustainable network for financial products and services. It is both a cross-currency transaction system and a platform for digital asset issuance, designed to connect the world’s financial infrastructure. Dozens of financial institutions worldwide issue assets andsettle payments on the Stellar network, which has grown to over 4 million accounts. The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of Stellar. Founded in 2014, the Foundation maintains Stellar’s codebase, supports the technical and business communities building on the network, and serves as a voice to regulators and institutions. The Foundation seeks to create equitable access to the global financial system, using the Stellar network to unlock the world’s economic potential through blockchain technology.

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Investment focus

  • Industry: Financial Services, Blockchain, FinTech
  • Stage:Seed, Corporate Round
  • Geography: United States, Spain, Brazil

Investor stats

  • Total investments: 27
  • Lead/follow: no public data

Portfolio highlights

  • Nomyx — Nomyx is a digital asset management company that leverages blockchain technology to offer secure and transparent asset management services. Our platform provides individuals, businesses, and organizations with a comprehensive set of tools for tracking and managing digital assets. From creating tokenized assets to organizing ownership stakes acrossmultiple stakeholders, our platform is designed to make it easy for users to manage their digital assets without the need for technical know-how.
  • Cedar Money — Cedar simplifies cross-border payments for businesses in Africa. We enable businesses send high-volume payments to their international suppliers at affordable rates and ZERO set-up fees.
  • Coca Wallet — Coca Wallet operates as a non-custodial payments app.
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MaxxCapital
VC Fund · Old Road Town, Saint Thomas Middle Island, Saint Kitts and Nevis · 1 investments in Estonia Payments startups

Maximize your value

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Social Network
  • Stage:Seed, Private Equity
  • Geography: Estonia, Vietnam, United Kingdom

Investor stats

  • Total investments: 11
  • Lead/follow: no public data

Portfolio highlights

  • Owlto — Owlto Finance is an intent-centric interoperability protocol, 'Bridge the World with AI Agent'.
  • B² Network — B² Network is a Bitcoin Layer 2 network that utilizes ZK rollup and on-chain logical gate commitment verification mechanisms. It is a supplementary network that runs on top of the Bitcoin Network. It also introduces smart contracts to Bitcoin, which could open up new possibilities for DeFi, NFTs, and derivatives.
  • Orochi Network — Orochi Network's Verifiable Data Infrastructure is a promising step towards a more secure, scalable, and user-friendly Web3.
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Redstone.VC
VC Fund · Berlin, Berlin, Germany · 1 investments in Estonia Payments startups

The Redstone team is an international and diverse group of serial entrepreneurs, investors, investment professionals, tech analysts and data scientists.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A
  • Geography: Germany, Finland, France

Investor stats

  • Total investments: 149
  • Lead/follow: no public data

Portfolio highlights

  • BTRY — BTRY is a spin-off of EMPA and ETH and is developing the industry's first energy-dense solid-state battery, using sophisticated semiconductor manufacturing technologies.
  • ALLSIDES — Covision Media specializes in creating high-quality, relightable 3D models using their industrial 3D scanners. These scanners capture detailed surface information and PBR textures, and are designed for easy integration into virtual environments.
  • Multiverse Computing — World leaders in quantum computing for the financial industry. The first quantum & quantum-inspired toolbox for finance.
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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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Fairum Ventures
VC Fund · 1 investments in Estonia Payments startups

Fairum is a Community which knows rapid growth. We are actively looking for strategic partnerships in the blockchain industry. We believe that blockchain technology can dramatically improve our lives and society. This improvement will be done by supporting projects that have a clear vision of the real economy and vibrate according to values such astransparency and connections between individuals.

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Investment focus

  • Industry: Cryptocurrency, Gaming, Online Games
  • Stage:Seed
  • Geography: Estonia, Grenada, Malaysia

Investor stats

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

Portfolio highlights

  • Solak — Solak is an AI browser and DeFi platform that is transforming the digital world.
  • Graviton Zero — Graviton Zero multi-Chain Play to Earn NFT Game - In a Universe ravaged by War
  • Billionaire Plus — Billionaire Plus is a board game that combine NFT, Defi, collectibles and your journey.
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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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Wintermute Ventures
VC Fund · London, England, United Kingdom · 1 investments in Estonia Payments startups, 13 in the past 12 months

Wintermute Ventures is the investment arm of Wintermute, a global algorithmic trading firm, liquidity provider, and leading OTC desk in digital assets. Drawing from Wintermute's expertise in pioneering DeFi trading and powering liquidity across the entire ecosystem, Wintermute Ventures is uniquely positioned to back early-stage Web3 projectswith hands-on support. Focused on long-term growth, the company takes a flexible approach, investing from early ideation to later-stage expansion. Committed to developing strategic relationships and driving positive outcomes, Wintermute Ventures prioritizes decentralized ownership, ensuring its investments align with the company’s broader vision of a decentralized future. Since 2020, it has invested in over 100 projects.

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Investment focus

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

Investor stats

  • Total investments: 97
  • Lead/follow: no public data

Portfolio highlights

  • Blum — Blum is a decentralized exchange platform
  • DoubleZero — DoubleZero is developing a global fiber network intended for high-performance distributed systems and blockchains. It seeks to enhance blockchain performance by establishing a dedicated physical infrastructure layer for communication.
  • Turnkey — Turnkey is an encryption service provider that offers secure APIs to manage private keys.
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The Global Emerging Markets Group
VC Fund · New York, New York, United States · 1 investments in Estonia Payments startups, 11 in the past 12 months

Global Emerging Markets ("GEM") is an alternative investment group that manages a diverse set of investment vehicles focused on emerging markets across the world.The partners have a century of collective experience . GEM's investment vehicles provide the group and its investors with a diversified portfolio of asset classes that spanthe global private investing spectrum.Each investment vehicle has a different degree of operational control, risk-adjusted return and liquidity profile. Our family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities (PIPEs) and select venture investments. Finally, GEM gets exposure to the United States private equity space with its affiliate fund, Kinderhook Industries, dedicated to mid-cap control buyouts in the United States.

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Investment focus

  • Industry: Blockchain, Biotechnology, Financial Services
  • Stage:Private Equity, Post-IPO Equity
  • Geography: United States, Canada, Switzerland

Investor stats

  • Total investments: 77
  • Lead/follow: no public data

Portfolio highlights

  • NEXSTUN — THE FIRST Electric Impulse Glove THE RIGHT BALANCE BETWEEN SECURITY USABILITY AND PHYSICAL INTEGRITY Nexstun's inception was inspired by a series of high-profile incidents, including some tragic fatalities, that occurred in the course of law enforcement operations involving civilians. These incidents highlighted a pressing need for enhanced compliance equipment for police officers. At Nexstun, we firmly believe
  • Caret Digital — Caret Digital, a subsidiary of VivoPower, specializes in merging renewable energy solutions with cutting-edge digital infrastructure, driving sustainable business growth and innovation in the digital landscape.
  • Safe Dynamics — Safe Dynamics is an independent safety company that promotes the public’s understanding and acceptance of wireless technologies. It has developed applications and protocols that guarantee workers may perform their tasks safely around RF transmitting antennas.
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Avalon Wealth Club
VC Fund · Helmshore, Lancashire, United Kingdom · 1 investments in Estonia Payments startups

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

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Investment focus

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

Investor stats

  • Total investments: 62
  • Lead/follow: no public data

Portfolio highlights

  • Solak — Solak is an AI browser and DeFi platform that is transforming the digital world.
  • OpenPad AI — OpenPad - The 1st AI Decentralized Launchpad
  • Stabble — stabble is a protocol revolutionizing liquidity pools by introducing protocol-managed and arbitrage pools. This allows stabble to tackle critical inefficiencies prevalent within Solana's decentralized exchanges.
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FunFair Ventures
VC Fund · Douglas, NA - Isle of Man, Isle of Man · 1 investments in Estonia Payments startups

FunFair Ventures is a venture capital business .Funfair Ventures funds early stage blockchain projects with a focus on both equity and tokens.

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Investment focus

  • Industry: Cryptocurrency, Blockchain, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Switzerland, Peru, India

Investor stats

  • Total investments: 22
  • Lead/follow: no public data

Portfolio highlights

  • Rhuna — Rhuna is an AI and blockchain platform that transforms event management with NFT ticketing and token rewards.
  • BridgePort — SaaS, Fintech, Middleware, Trading Infra
  • Coca Wallet — Coca Wallet operates as a non-custodial payments app.
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Waterdrip Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in Estonia Payments startups, 17 in the past 12 months

Waterdrip capital invests in blockchain industries.

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Investment focus

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

Investor stats

  • Total investments: 78
  • Lead/follow: no public data

Portfolio highlights

  • Hibit — Hibit is a Layer-1 blockchain that is specifically developed for AI agents and next-generation financial technology solutions.
  • Kaia — Kaia is a public blockchain that utilizes Byzantine Fault Tolerance (BFT) for enhanced reliability and performance.
  • Inferix Labs — Inferix Labs is ​​a decentralized GPU network that provides GPU visual computing solutions dedicated to 3D/AR/VR rendering and AI inference.
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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.io aims to build a decentralised privacy-preserving solution for Artificial Intelligence.
  • 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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DeltaHub Capital
VC Fund · 1 investments in Estonia Payments startups

DeltaHub Capital is a blockchain investments and portfolio management.DeltaHub Capital focuses on Rich discussions, smart fundraisings, spot-on technical analysis, deep fundamental analysis, project reviews, and much more.

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Investment focus

  • Industry: Blockchain, Internet, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Singapore, India, Estonia

Investor stats

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

Portfolio highlights

  • InvArch — Invarch is an intellectual property ownership, utility and cross-chain authentication protocol for Web3.
  • FanAnywhere — Your one-stop blockchain solution for a celebrity to engage the fan base, exclusive Fan Tokens, exchange in FAW pairs & own exclusive celebrity artworks
  • Hackless — Hackless is a platform of security services and analytics for your DeFi protocol. The 1st out-of-the-box MEV-solution that helps to protect smart contracts from the hack attacks.
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Payments VC funding in Estonia at a glance

Stats across 31 deals from 49 investors.

49
investors
in Estonia Payments startups
31
deals
in Estonia Payments startups
$4.4M
median round
in Estonia Payments startups
35%
lead investors
lead at least one round
39%
Pre-Seed
most common funding stage

Access all 49 VC funds in Estonia Payments startups.

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