EstBAN
VC Fund
Tallinn, Estonia
EstBAN is a VC fund in Tallinn focused on Software and CleanTech. Estonian Business Angels Network, established in late 2012, is an umbrella organization for business angels and business angel groups seeking investment opportunities in Estonia and its neighbouring regions with an aim to grow the quantity and quality of local seed stage investments.EstBAN is a full member of the European Trade Association forBusiness Angels, Seed Funds, and other Early Stage Market Players (EBAN) and Estonian Venture Capital Association (EstVCA).EstBAN has close cooperation with Finnish Business Angels Network (FiBAN), Latvian Business Angels Network (LatBAN) St-Petersburg Business Angels Network (SOBA) and newly formed Nordic Business Angels Network (NordicBAN).
- Total investments:
- 25
- Last investment:
- Lead investor:
- 40%
Last updated:
For AI agents: llms.txt
Industries EstBAN invests in
Stages EstBAN invests in
Countries EstBAN invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $215k–$1.5M
- Angel
- $95k–$1M
- Pre-Seed
- $198k–$1.2M
Investment Focus
Industry
- Software 7 (28%)
- CleanTech 3 (12%)
- Manufacturing 3 (12%)
- Information Technology 3 (12%)
- Apps 2 (8%)
Stage
- Seed 8 (32%)
- Pre-Seed 7 (28%)
- Angel 3 (12%)
- Convertible Note 2 (8%)
- Funding Round 1 (4%)
Country
- Estonia 10 (40%)
- Latvia 2 (8%)
- Lithuania 2 (8%)
- Finland 1 (4%)
- United States 1 (4%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Anu Oks
Managing Director
|
Managing Director | Total investments: 0 | Find email | |
Ivar Siimar
Founder
|
Founder | Total investments: 7 | Find email | |
Raigo Õunapuu
Investor
|
Investor | Total investments: 2 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Granarium Technologies is a Finnish deep-tech energy that creates renewable supercapacitors using only nanocellulose, biocarbon, and water, eliminating the need for mining entirely. | $1.2M / Pre-Seed / Jun 09, 2026 | ||
| Nanordica Medical is an Estonian medical technology company providing the first-line treatment for chronic wounds based on unique patented nanotechnology, a synergy of copper and silver in nanofibers that remove infection and support wound healing.Nanordica Medical launched a veterinary product Ravimus Vet for animal wounds(https://nanordica.com/ravimus.html) and is developing a first-in-class wound dressing for human hard-to-heal wounds like diabetic foot ulcers. They recently completed a clinical trial showing consistently better results in nearly all efficacy parameters observed among the patients treated with the Nanordica wound dressing than those treated with the commercially available silver ions-based active dressing. | $1.8M / Venture - Series Unknown / Jun 09, 2026 | ||
| BrachyDOSE is a cancer treatment quality control tool to help oncologists to reach best possible treatment results. For the oncologist the main problem performing radiotherapy procedure is lack of accurate and measurements based proof if tumor got the appropriate radiation dose, if healthy organs were damaged or stayed safe. The uncertainty leadsto radiation burning and secondary illnesses. Solution is suited specially for high dose rate brachytherapy procedure. We suggest the systems made of tool for radiation dose measurement (dosimeter) and its reader. Unlike other solutions in the market, which is dose simulation apps, our system shows the accurate science based data, is easy to use and it is highly compatible with standards devices. Our team is made of materials engineer, applied physicist, medical device engineer and a few medical doctors working in oncology field. We are focused on radiation sensitive materials research and device engineering +7 years. We have +10 years of experience in project leadership and scientific research. Team members has experience in development of successful projects with Lithuanian Health Science University Kaunas Clinics, National Cancer Institute (Lithuania). | $648.3K / Seed / Jul 10, 2025 | ||
| MarkeDroid is revolutionizing the renewable energy industry as the first European Plug & Play platform driven by energy spot prices management and access to the FLEX markets for the residential solar batteries. With its cutting-edge technology, MarkeDroid is reshaping the energy value chain and maximizing the value of renewable energy for allstakeholders. | $341.1K / Convertible Note / May 23, 2025 | ||
| SafePAS is a soil nutrients analyzer and SaaS platform to manage fertilizer usage to increase soil health and crop yield. | $725.4K / Pre-Seed / Feb 01, 2025 | ||
| Esgrid provides value-chain sustainability management solutions to medium-sized businesses and financial institutions. | $543.2K / Pre-Seed / Jan 26, 2024 | ||
| UpSteam is building the future of car care via disrupting both the user experience, and the business side of car the car care industry. With UpSteam you can get a car wash delivered to your doorstep. It works pretty much like ordering a food delivery from Bolt/Uber. While you’re having a business meeting, our operator cleans your carinside-and-out, right at your parking spot. Also, we’re helping our business users save time on fleet management via offering various car care services such as refueling trips, damage control, car relocating, etc.As of August 2021, we've serviced more than 40K cars in 3 countries. UpSteam is combining the key-strengths of its traditional competitors, as users get the comfort of a self-service wash, the quality of a stationary hand wash, at the price-point of an automatic car wash. UpSteam was founded in 2017 and is headquartered in Tallinn, Estonia. | $364.2K / Convertible Note / Jan 01, 2024 | ||
| Paul-Tech offer real-time fertilizer level and soil workability monitoring system | $1.5M / Seed / Oct 10, 2023 | ||
| Cuploop offers advanced reverse vending machines that efficiently collect and refund deposits for reusable packages. Their mission is to combat the growing issue of plastic waste pollution in the oceans and forests, ensuring a cleaner and healthier environment for future generations. Their innovative solution is particularly crucial for largevenues, such as stadiums, amusement parks, shopping centers, and event grounds, that need to comply with the EU's ban on single-use plastics. Cuploop's technology ensures a speedy and hassle-free recycling process that benefits both the environment and the economy. | $2.2M / Seed / Jul 01, 2023 | ||
| RAIKU is a cleantech startup that produces 100% natural packaging material that has also great looks and shock absorption - most importantly, it gives 15-20 times more volume to its raw material making it one of the most resource efficient material uses in the world with high margins. Both the production is and products are clean making no harm tonature. RAIKU has raised over 1.2mln€ in the pre-seed stage, built a team of over 10 people, its own IP and clients are already using its packaging material. This material will up-end the 1 trillion € packaging sector. | $1.2M / Pre-Seed / May 05, 2023 | ||
| See all 25 investments → | |||
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FAQ
What does EstBAN invest in?
EstBAN invests primarily in Software, CleanTech and Manufacturing startups, most often at Seed and Pre-Seed stage. Most of the 25 investments tracked by Shizune back companies in Estonia. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is EstBAN's check size?
EstBAN typically joins rounds of $215k–$1.5M at Seed, $95k–$1M at Angel and $198k–$1.2M 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 EstBAN participates in.
How do I contact EstBAN?
Public channels for EstBAN 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 EstBAN?
The team at EstBAN includes Anu Oks (Managing Director), Ivar Siimar (Founder) and Raigo Õunapuu (Investor). 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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