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Estonian Business and Innovation Agency

VC Fund

Estonian Business and Innovation Agency is an investment firm.

Total investments:
1
Lead investor:
0%

Last updated:

Industries Estonian Business and Innovation Agency invests in

Quality AssuranceHealth Diagnostics

Stages Estonian Business and Innovation Agency invests in

Seed

Investment Focus

Industry

  • Quality Assurance 1 (100%)
  • Health Diagnostics 1 (100%)

Investments

CompanyDescriptionRoundLinks
mu-ray.tech mu-ray.tech
Mu-ray.tech is focused on advancing the field of medical diagnostics and industrial quality control. mu-ray.tech is developing a groundbreaking technology for the rapid, safe and accurate 3D-imaging of the chemical composition of scanned objects, serving critical needs in industrial quality control and medical diagnostics. The technology is basedon Muon Beam Imaging (MBI), an innovative technology leveraging Laser Plasma Accelerator-based artificial muon sources, new generation particle detector systems and AI. In industry, we are working with the partners in the heavy, aerospace, and defence domains.mu-ray.tech operates at the three sites: DESY in Hamburg (hardware), Tehnopol in Tallinn (algorithms and software), and Bradfield Centre in Cambridge (algorithms, business development). Our main collaboration on the MBI technology partners are GScan in Estonia and UK, DESY in Hamburg, the University of Cambridge, and KBFI in Tallinn. $373.3K / Seed

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Video Games
Hospitality
EdTech
Restaurants
Google
Construction
Photography
Cryptocurrency
Clean Energy
CleanTech
Big Data
Email
Social Impact
Artificial Intelligence
SaaS
Mobile
Consumer
Health Care
Enterprise Software
Energy
Local
Platforms
InsurTech
Travel
Film
Oil and Gas
Retail
Payments
Organic Food
Marketplace
Fitness
Machine Learning
Agriculture (AgTech)
Gaming
Facebook
Blockchain
Social Network
B2B
Medical Device
Education
Sports
Wellness
Biotechnology
Automotive
eSports
Software
Renewable Energy
Legal
Crowdfunding
Venture Capital
Social
Infrastructure
Beauty
Fashion
Climate
LGBT
Cannabis
Recruiting
Celebrity
Life Science
Food and Beverage
Publishing
Mobile Apps
Wine and Spirits
Music
Art
Real Estate
Sporting Goods
Manufacturing
FinTech
Finance
Digital Media
Social Media
Financial Services
Franchise
Non Profit
Internet
Mobile Advertising
Android
Proptech
Impact
Sustainability
Hardware
Biotech
Transportation
Enterprise
Community
Media (Entertainment)
Web3
Medical
Theatre
Any country
Afghanistan
Greece
United Kingdom
Thailand
United Arab Emirates
Andorra
Benin
South Korea
Japan
Burkina Faso
Africa
Singapore
Brazil
LATAM
Gibraltar
Taiwan
Egypt
Hong Kong
Zimbabwe
Tunisia
Nigeria
Sweden
Togo
Croatia
Oceania
Iran
Guinea
Lesotho
Haiti
Kyrgyzstan
Isle of Man
Norway
Malawi
Liberia
Nepal
Madagascar
Mexico
Russian Federation
Sudan
Pakistan
Zambia
Tajikistan
Romania
Oman
Poland
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Guernsey
Colombia
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FAQ

What does Estonian Business and Innovation Agency invest in?

Estonian Business and Innovation Agency invests primarily in Quality Assurance and Health Diagnostics startups, most often at Seed stage. The Investment Focus section breaks down every industry, stage and country in the portfolio.

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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