# Enterprise Estonia

> Enterprise Estonia is a VC fund in Tallinn backing Biotechnology and Software. See 29 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Tallinn, Estonia
- Total investments: 29
- Last investment: Jan 2026
- Lead investor: 55%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/258659
- X (Twitter): https://twitter.com/EASestonia
- Website: http://www.eas.ee

Enterprise Estonia is a VC fund in Tallinn focused on Biotechnology and Software. Enterprise Estonia (EAS), established in 2000, promotes business and regional development in Estonia. Enterprise Estonia is one of the largest institutions within the national support system for entrepreneurship, providing financial assistance, advisory, cooperation opportunities and training for entrepreneurs, research establishments, public andthird sector.

## Contacts

5 contacts available for Enterprise Estonia. Shizune tracks 3 team members at Enterprise Estonia. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/enterprise-estonia?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $800k–$1.1M |
| Grant | $16k–$2.1M |
| Pre-Seed | $1.2M–$4.3M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Biotechnology | 4 | 14% |
| Software | 3 | 10% |
| Mobile Apps | 3 | 10% |
| Medical | 2 | 7% |
| Hardware | 2 | 7% |

56 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 18 | 62% |
| Seed | 3 | 10% |
| Pre-Seed | 2 | 7% |
| Series A | 1 | 3% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Indrek Põldvee | Mentor and Coach | 0 | https://shizune.co/investors/profile/indrek-p%C3%B5ldvee |
| James S. York | Director of US Business & Innovation | 0 | https://shizune.co/investors/profile/james-s-york-9b5c |
| Martin Sutrop | Business Mentor | 0 | https://shizune.co/investors/profile/martin-sutrop |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Rollo Robotics | Rollo Robotics develops autonomous monowheel security robots using gyroscopic stabilisation technology. | $4.3M | Pre-Seed | Jan 08, 2026 |  |
| ÄIO | ÄIO develops sustainable alternatives to animal fats, palm and coconut oil. ÄIO introduce environmentally friendly microbial lipid products to the market. | $1.4M | Grant | Dec 18, 2025 |  |
| Lifeyear | Lifeyear is a healthtech startup focused on transforming cardiovascular care with next-generation remote patient management. | $1.7M | Grant | Jun 24, 2025 |  |
| Jälle Technologies | Jälle Technologies create advanced recycling technologies that transform battery waste into high-value resources. | $1.2M | Grant | Jun 19, 2025 |  |
| MYCEEN | MYCEEN is a carbon-negative materials combining mushroom mycelium and industrial byproducts. |  | Seed | Aug 26, 2024 |  |
| Grid Raven | GridRaven specializes in sensorless Dynamic Line Ratings (DLR) technology, enabling power grids to enhance transmission capacity by up to 30% without the need for additional hardware. Their solution provides real-time, high-resolution monitoring of overhead power lines, ensuring safety and efficiency under varying weather conditions. By accuratelyforecasting grid capacity, GridRaven facilitates the integration of renewable energy sources and supports the growing demand for electricity. | $1.6M | Grant | Jul 01, 2024 |  |
| Flowstep | Flowstep is a copilot that assists in designing products. | $1.1M | Grant | Apr 03, 2024 |  |
| Zero Terrain | Zero Terrain is a renewable energy platform that offers hydro storage solutions. | $2.1M | Grant | Mar 28, 2024 |  |
| GScan | GScan is leading a radical shift to safe, accurate, and automatic 'x-ray' technology using natural cosmic radiation, called muons. The ability to scan safely any objects and detect their chemical composition will change how 'scanning of anything' happens. GScan's MuonFLUX product is able to see deep into reinforcedconcrete, providing valuable information which helps to: (i) avoid the collapse of at-risk infrastructure (bridges, buildings, etc), (ii) extend significantly infrastructure life cycle (without increasing the risk levels), (iii) drastically reduce the maintenance and renovation budgets by identifying only the critical places for repair, (iv) decarbonise the concrete & cement industry (one of the highest-emitting and hard to decarbonise industries, accounting for ~10% of global CO2 emissions). Year 2023 GScan delivered its first commercial projects and earned the revenue of €1.5M. | $2.2M | Grant | Mar 21, 2024 |  |
| ÄIO | ÄIO develops sustainable alternatives to animal fats, palm and coconut oil. ÄIO introduce environmentally friendly microbial lipid products to the market. |  | Series A | Sep 26, 2023 |  |

10 of 29 investments shown.

## Co-investors
- [Nordic Foodtech VC](https://shizune.co/investors/profile/nordic-foodtech-vc) — VC Fund, 2 deals together
- [AIRE (AI & Robotics Estonia)](https://shizune.co/investors/profile/aire-ai-robotics-estonia) — VC Fund, 1 deal together
- [Ajujaht](https://shizune.co/investors/profile/ajujaht) — VC Fund, 1 deal together
- [FoodLabs](https://shizune.co/investors/profile/atlantic-food-lab) — VC Fund, 1 deal together
- [Cleantech Estonia](https://shizune.co/investors/profile/cleantech-estonia) — VC Fund, 1 deal together
- [Creative Business Network](https://shizune.co/investors/profile/creative-business-network) — VC Fund, 1 deal together

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### Similar stage
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### Similar country
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## Featured in investor lists
- [All VC Funds in Estonia](https://shizune.co/investors/vc-funds-estonia)
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## FAQ

### What does Enterprise Estonia invest in?

Enterprise Estonia invests primarily in Biotechnology, Software and Mobile Apps startups, most often at Grant and Seed stage. Most of the 29 investments tracked by Shizune back companies in Estonia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Enterprise Estonia's check size?

Enterprise Estonia typically joins rounds of $800k–$1.1M at Seed, $16k–$2.1M at Grant and $1.2M–$4.3M at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Enterprise Estonia participates in.

### How do I contact Enterprise Estonia?

Public channels for Enterprise Estonia 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 Enterprise Estonia?

The team at Enterprise Estonia includes Indrek Põldvee (Mentor and Coach), James S. York (Director of US Business & Innovation) and Martin Sutrop (Business Mentor). 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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