# Estonian Research Council

> Estonian Research Council is a VC fund in Tartu backing Biotechnology. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Tartu, Estonia
- Total investments: 2
- Last investment: Aug 2024
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/eesti-teadusagentuur/
- Website: https://etag.ee/en/
- Facebook: https://www.facebook.com/EestiTeadusagentuur

Estonian Research Council is a government agency that promotes research funding, development, and innovation systems for society.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| MYCEEN | MYCEEN is a carbon-negative materials combining mushroom mycelium and industrial byproducts. |  | Seed | Aug 26, 2024 |  |
| KappaZeta | KappaZeta provides services for interpreting radar satellite data to assist farmers in increasing profitability and improving the quality of agricultural products. | $517.8K | Seed | Sep 01, 2023 |  |

2 of 2 investments shown.

## Co-investors
- [Ambient Sound Investments](https://shizune.co/investors/profile/ambient-sound-investments) — VC Fund, 1 deal together
- [EIT Climate-KIC](https://shizune.co/investors/profile/eit-climate-kic-accelerator-spain) — VC Fund, 1 deal together
- [Enterprise Estonia](https://shizune.co/investors/profile/enterprise-estonia) — VC Fund, 1 deal together
- [Estonian Business School](https://shizune.co/investors/profile/estonian-business-school) — VC Fund, 1 deal together
- [HD Forest](https://shizune.co/investors/profile/hd-forest) — VC Fund, 1 deal together
- [NATO Cooperative Cyber Defence](https://shizune.co/investors/profile/nato-cooperative-cyber-defence) — VC Fund, 1 deal together

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## Featured in investor lists
- [Biotechnology Investors in Estonia](https://shizune.co/investors/biotechnology-investors-estonia)
- [Biotech Investors in Estonia](https://shizune.co/investors/biotech-investors-estonia)
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## FAQ

### What does Estonian Research Council invest in?

Estonian Research Council invests primarily in Biotechnology startups, most often at Seed stage. Most of the 2 investments tracked by Shizune back companies in Estonia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Estonian Research Council last invest?

The most recent investment recorded for Estonian Research Council closed in Aug 2024. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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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