# Change Ventures

> Change Ventures is a VC fund backing Software and Information Technology. See 65 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Tallinn, Estonia
- Total investments: 65
- Last investment: May 2026
- Lead investor: 55%
- Last fund: Jun 2023
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/changeventures
- X (Twitter): https://twitter.com/changeventures
- Website: http://www.changeventures.com
- Facebook: https://facebook.com/changevc

Change Ventures is a pre-seed stage venture capital fund backing ambitious founders based in Estonia, Latvia, Lithuania as well as Baltic diaspora entrepreneurs building their businesses elsewhere in the world. Our investments range from €100k to €500k. Our founder-friendly no-nonsense investment process is designed to help founders with big, boldambitions get fast investment decisions. Once we are on board, we help with getting to product-market fit, raising additional funds, and growing the business, leveraging an unparalleled network of follow-on investors and partners.

## Contacts

5 contacts available for Change Ventures. Shizune tracks 4 team members at Change Ventures. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/change-ventures?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $500k–$4.2M |
| Pre-Seed | $273k–$2.2M |
| Series A | $1M–$39M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 10 | 15% |
| Information Technology | 7 | 11% |
| Apps | 6 | 9% |
| Mobile Apps | 6 | 9% |
| Analytics | 5 | 8% |

103 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 27 | 42% |
| Pre-Seed | 13 | 20% |
| Series A | 8 | 12% |
| Funding Round | 3 | 5% |
| Angel | 2 | 3% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Estonia | 19 | 29% |
| Latvia | 7 | 11% |
| Lithuania | 4 | 6% |
| United States | 4 | 6% |
| United Kingdom | 3 | 5% |

9 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Janis Krums | Venture Partner | 13 | https://shizune.co/investors/profile/janis-krums |
| Rait Ojasaar | Investment Partner | 16 | https://shizune.co/investors/profile/rait-ojasaar |
| Yrjö Ojasaar | Founder and Investment Partner | 5 | https://shizune.co/investors/profile/yrj-ojasaar |
| Andris K. Berzins | Managing Partner | 12 | https://shizune.co/investors/profile/andris-berzins |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| BirdyChat | BirdyChat is a Developer of a work chat application intended for work professionals. | $2M | Seed | May 05, 2026 |  |
| Giraffe360 | Giraffe360 is game-changing subscription product for real estate companies to streamline professional quality photography and high accuracy floor plan creation. | $10M | Series B | Mar 26, 2026 |  |
| Saltz | Saltz is an app that allows users to source premium seafood and meat directly from farms, fishing boats, and regional suppliers | $23M | Series A | Mar 09, 2026 |  |
| Algori | Algori is a data analytics firm that is rethinking the consumer panel for the consumer products sector. | $4.2M |  | Dec 09, 2025 |  |
| Aerones | We are building heavy lifting drones which can lift up to 200kg (440lbp). We have version which is flying on batteries for rescue and delivery purposes and tethered solution for industrial cleaning and firefighting. | $62.3M | Series B | Jun 02, 2025 |  |
| ENGYcell | ENGYcell provides personalized energy storage solutions to reduce energy costs, gain energy independence, and participate in the energy market. | $272.8K | Pre-Seed | Mar 19, 2025 |  |
| Trace.Space | Engineers develop complex products 10x faster with Trace.Space. Requirements management for the next generation | $4M | Seed | Feb 05, 2025 |  |
| Modash.io | Modash, An influencer marketing platform is providing a end-to-end solution for influencer marketing. We are shifting the influencer market from experimental budget to the 100B dollar performance ad market. To do this, we offer unique tools like audience targeted influencer search and are the only platform to provide conversion rate attribution forinfluencer marketing. We believe in the value creators bring by building their community and telling stories that matter. That's why we are on a mission to help every creator get paid. | $12M | Series A | Oct 30, 2024 |  |
| Origin Robotics | Defense technology company that specializes in advanced autonomous systems | $2.6M | Pre-Seed | Oct 25, 2024 |  |
| Certific | Certific is a platform that enables certified remote medical testing at scale. | $777.7K | Venture - Series Unknown | Sep 23, 2024 |  |

10 of 65 investments shown.

## Co-investors
- [Startup Wise Guys](https://shizune.co/investors/profile/startup-wise-guys) — VC Fund, 8 deals together
- [FIRSTPICK](https://shizune.co/investors/profile/firstpick) — VC Fund, 4 deals together
- [Flyer One Ventures](https://shizune.co/investors/profile/flyer-one-ventures) — VC Fund, 4 deals together
- [Lemonade Stand](https://shizune.co/investors/profile/lemonade-stand-19b2) — VC Fund, 4 deals together
- [Y Combinator](https://shizune.co/investors/profile/y-combinator) — VC Fund, 4 deals together
- [Fiedler Capital](https://shizune.co/investors/profile/fiedler-capital) — VC Fund, 3 deals together

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## FAQ

### What does Change Ventures invest in?

Change Ventures invests primarily in Software, Information Technology and Apps startups, most often at Seed and Pre-Seed stage. Most of the 65 investments tracked by Shizune back companies in Estonia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Change Ventures's check size?

Change Ventures typically joins rounds of $500k–$4.2M at Seed, $273k–$2.2M at Pre-Seed and $1M–$39M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Change Ventures participates in.

### How do I contact Change Ventures?

Public channels for Change Ventures include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Change Ventures?

The team at Change Ventures includes Janis Krums (Venture Partner), Rait Ojasaar (Investment Partner) and Yrjö Ojasaar (Founder and Investment Partner). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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