# Ministry of Economic Affairs and Communications for Estonia

> Ministry of Economic Affairs and Communications for Estonia is a VC fund backing CleanTech. See 1 investments, check sizes, portfolio and contact details…

- Type: VC Fund
- Location: Tallinn, Estonia
- Total investments: 1
- Last investment: May 2023
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/ministry-of-economic-affairs-and-communications-for-estonia/
- X (Twitter): https://twitter.com/econminestonia?lang=en
- Website: https://www.mkm.ee/et
- Facebook: https://www.facebook.com/

Ministry of Economic Affairs and Communications for Estonia is a VC fund in Tallinn focused on CleanTech and GreenTech. The Ministry of Economic Affairs and Communications intends to promote Estonian enterprises' efficiency and people's prosperity.It also encourages entrepreneurship to have a justifiable price for the efficient transport system, a developing information society, and environmentally friendly energy supply.It was headquartered inTallinn, Harjumaa.

## Contacts

5 contacts available for Ministry of Economic Affairs and Communications for Estonia. Shizune tracks 2 team members at Ministry of Economic Affairs and Communications for Estonia. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/ministry-of-economic-affairs-and-communications-for-estonia?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| CleanTech | 1 | 100% |
| GreenTech | 1 | 100% |
| Manufacturing | 1 | 100% |
| Packaging Services | 1 | 100% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Liisa Past | National Cyber Director | 0 | https://shizune.co/investors/profile/liisa-past |
| Paul Liias | Head of Space | 0 | https://shizune.co/investors/profile/paul-liias |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| RAIKU | 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 |  |

1 of 1 investments shown.

## Co-investors
- [AIRE (AI & Robotics Estonia)](https://shizune.co/investors/profile/aire-ai-robotics-estonia) — VC Fund, 1 deal together
- [Ajujaht](https://shizune.co/investors/profile/ajujaht) — VC Fund, 1 deal together
- [Cleantech Estonia](https://shizune.co/investors/profile/cleantech-estonia) — VC Fund, 1 deal together
- [Creative Business Network](https://shizune.co/investors/profile/creative-business-network) — VC Fund, 1 deal together
- [Creative Estonia](https://shizune.co/investors/profile/creative-estonia) — VC Fund, 1 deal together
- [Enterprise Estonia](https://shizune.co/investors/profile/enterprise-estonia) — VC Fund, 1 deal together

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## FAQ

### What does Ministry of Economic Affairs and Communications for Estonia invest in?

Ministry of Economic Affairs and Communications for Estonia invests primarily in CleanTech, GreenTech and Manufacturing startups, most often at Pre-Seed 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.

### How do I contact Ministry of Economic Affairs and Communications for Estonia?

Public channels for Ministry of Economic Affairs and Communications for Estonia 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 Ministry of Economic Affairs and Communications for Estonia?

The team at Ministry of Economic Affairs and Communications for Estonia includes Liisa Past (National Cyber Director) and Paul Liias (Head of Space). 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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