# Helmes

> Helmes is a VC fund in Tallinn backing Solar, Manufacturing and Building Material. See 1 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Tallinn, Estonia
- Total investments: 1
- Last investment: Oct 2021
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/helmes-as/
- X (Twitter): https://twitter.com/helmeshq
- Website: https://www.helmes.com
- Facebook: https://www.facebook.com/helmes.ee/

Helmes is a VC fund in Tallinn focused on Solar and Manufacturing. We build software to build your businessHelmes is an international software house headquartered in Tallinn, with clients across all of Europe. The long-term success of Helmes is built on lasting partnerships that bring about tangible business gains for our clients.Helmes is best known for building business critical software solutions and itsrange of services are used around the world by corporations such as 2Park Technologies, Telia, Solera Inc, Kühne+Nagel, DNB, OECD and International Energy Agency.Helmes has also developed many government provided e-services, for instance the elections info system and the e-prescription[3] system, the latter being the recipient of various quality and innovation awards.Helmes was established in 1991 and to date the company employs a workforce of over 250 people. The founder and current CEO is Jaan Pillesaar, who is also CEO of the Estonia Service Industry Association.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Solar | 1 | 100% |
| Manufacturing | 1 | 100% |
| Building Material | 1 | 100% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Roofit.solar | Roofit.solar designs, manufactures and builds 2-in-1 building-integrated solar roofs. The unique, electricity-producing solar roof modules combine high-tech solar technology with traditional Nordic steel roofing techniques and materials.The solar roofs by Roofit.solar are the best option for house owners building a new house or renovating a roof.The installation time is faster, and the CO2 footprint is lower than for regular rooftop PV panels.Aimed at premium customers who value the overall design of their house, the high-end solar roofs offer a beautiful design solution for a competitive price. The sleek black solar modules are seamlessly integrated with the architecture of the building, lightweight, long-lasting, easy to care for, and also suitable for façades. | $7.4M | Series A | Oct 05, 2021 |  |

1 of 1 investments shown.

## Co-investors
- [BayWa r.e. Energy Ventures](https://shizune.co/investors/profile/baywa-re-energy-ventures) — VC Fund, 1 deal together
- [EdgeCap Partners](https://shizune.co/investors/profile/edgecap-partners) — VC Fund, 1 deal together
- [Spring Capital](https://shizune.co/investors/profile/spring-capital-8ce8) — VC Fund, 1 deal together

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## FAQ

### What does Helmes invest in?

Helmes invests primarily in Solar, Manufacturing and Building Material startups, most often at Series A stage. Most of the 1 investments tracked by Shizune back companies in Estonia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Helmes last invest?

The most recent investment recorded for Helmes closed in Oct 2021. Shizune tracks 1 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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