# Honey Badger Capital OÜ

> Honey Badger Capital OÜ is a VC fund in Tallinn backing EdTech and Software. See 12 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Tallinn, Estonia
- Total investments: 12
- Last investment: Oct 2023
- Lead investor: 0%
- Last updated: Aug 2026
- Website: https://badger.ee/

Honey Badger Capital OÜ is a VC fund in Tallinn focused on EdTech and Software. We invest between 50k€ – 150k€ to start-ups along with access to our extensive network and know-how. We work together with an extended group of Pipedrive Angels who have the option to also join the investments we make which can bring the total amount invested up.

## Contacts

5 contacts available for Honey Badger Capital OÜ. Shizune tracks 2 team members at Honey Badger Capital OÜ. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/honey-badger-capital-oü?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.5M–$4.1M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| EdTech | 2 | 17% |
| Software | 2 | 17% |
| CleanTech | 2 | 17% |
| Education | 2 | 17% |
| Information Technology | 2 | 17% |

30 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Convertible Note | 6 | 50% |
| Seed | 4 | 33% |
| Angel | 1 | 8% |
| Pre-Seed | 1 | 8% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Estonia | 7 | 58% |
| Germany | 1 | 8% |
| Ukraine | 1 | 8% |
| United States | 1 | 8% |
| United Kingdom | 1 | 8% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Martin Tajur | Partner | 16 | https://shizune.co/investors/profile/martin-tajur |
| Ragnar Sass | Co-Founder | 34 | https://shizune.co/investors/profile/ragnar-sass |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Paul-Tech | Paul-Tech offer real-time fertilizer level and soil workability monitoring system | $1.5M | Seed | Oct 10, 2023 |  |
| Vok Bikes | We build heavy-duty cargo bikes and rent them out to on-demand delivery companies and their couriers — no surprises, no extra fees. Currently active in Tallinn and Vilnius and expanding to London and Berlin Q4 2021. | $4.1M | Seed | Jun 29, 2023 |  |
| Grünfin | Grünfin is a sustainable investing platform for people who care about their impact. | $2.2M | Seed | Jan 17, 2023 |  |
| Mentornaut | Mentornaut is a new online tutoring platform is aiming to increase inclusion in personalized education and counts Super angel, United Angels VC, and a list of EdTech advocates like Bolt co-founder Martin Villig, and Clanbeat co-founder Kadri Tuisk among its investors. |  | Convertible Note | May 17, 2022 |  |
| Reverse Resources | RR is disrupting the way how fashion industry handles waste from its production. We help to bring down the cost of sourcing of waste for textile recyclers and help along to scaling up circular economy. |  | Convertible Note | May 11, 2022 |  |
| Cuploop | 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. |  | Pre-Seed | Apr 07, 2022 |  |
| Vok Bikes | We build heavy-duty cargo bikes and rent them out to on-demand delivery companies and their couriers — no surprises, no extra fees. Currently active in Tallinn and Vilnius and expanding to London and Berlin Q4 2021. |  | Convertible Note | Feb 17, 2022 |  |
| sykell | sykell developing scalable and sustainable packaging and pooling solutions for retail, gastronomy and catering industry. |  | Angel | Jan 08, 2022 |  |
| Notably | Notably offers a qualitative research intelligence platform for building a SaaS product & offering qualitative research. |  | Convertible Note | Nov 01, 2021 |  |
| Mate academy | Mate academy is an edtech startup that helps people get their first job in tech, free until placement (ISA) |  | Seed | Nov 01, 2021 |  |

10 of 12 investments shown.

## Co-investors
- [Specialist VC](https://shizune.co/investors/profile/united-angels-vc) — VC Fund, 2 deals together
- [SmartCap](https://shizune.co/investors/profile/as-smartcap) — VC Fund, 1 deal together
- [B Holding](https://shizune.co/investors/profile/b-holding) — VC Fund, 1 deal together
- [EstBAN](https://shizune.co/investors/profile/estban) — VC Fund, 1 deal together
- [Lemonade Stand](https://shizune.co/investors/profile/lemonade-stand-19b2) — VC Fund, 1 deal together
- [Metaplanet](https://shizune.co/investors/profile/metaplanet-holdings) — VC Fund, 1 deal together

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## FAQ

### What does Honey Badger Capital OÜ invest in?

Honey Badger Capital OÜ invests primarily in EdTech, Software and CleanTech startups, most often at Convertible Note and Seed stage. Most of the 12 investments tracked by Shizune back companies in Estonia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Honey Badger Capital OÜ's check size?

Honey Badger Capital OÜ typically joins rounds of $1.5M–$4.1M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Honey Badger Capital OÜ participates in.

### How do I contact Honey Badger Capital OÜ?

Public channels for Honey Badger Capital OÜ include 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 Honey Badger Capital OÜ?

The team at Honey Badger Capital OÜ includes Martin Tajur (Partner) and Ragnar Sass (Co-Founder). 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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