# MM Grupp

> MM Grupp is a VC fund in Tallinn backing Energy, Gaming and Battery. See 5 investments, check sizes, portfolio. Updated Sep 2026.

- Type: VC Fund
- Location: Tallinn, Estonia
- Total investments: 5
- Last investment: Dec 2024
- Lead investor: 20%
- Last updated: Sep 2026

MM Grupp is a privately owned holding and investment company headquartered in Estonia. The group has made strategic investments in different sectors, including pharmaceuticals' distribution (Magnum) and real estate development (Ecobay). Furthermore, the group strongly focuses on new venture capital investments to bring innovative products andservices to the market (Bacterfield, Villa Benita). Group companies employ more than 1,000 employees and mainly operate in Europe.

## Round sizes

| Stage | Round size |
| --- | --- |
| Series D | $34M–$49M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 1 | 20% |
| Gaming | 1 | 20% |
| Battery | 1 | 20% |
| Leisure | 1 | 20% |
| Robotics | 1 | 20% |

14 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 1 | 20% |
| Angel | 1 | 20% |
| Series D | 1 | 20% |
| Funding Round | 1 | 20% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Estonia | 2 | 40% |
| United Kingdom | 1 | 20% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Dark Math Games | Dark Math Games operates as a game studio. XXX Nightshift is the first project of Dark Math Games. |  |  | Dec 05, 2024 | https://x.com/DarkMathGames |
| Skeleton Technologies | Skeleton Technologies is a manufacturer and developer of high-energy and high-power-density ultracapacitors based on patented curved graphene material. The company delivers high-power and high-energy storage solutions across the industry.The company's ultracapacitors deliver twice the energy density and four times the power density offeredby other manufacturers. The company's current customer base includes engineering companies, the European Space Agency, and several Tier 1 automotive manufacturers. | $34.4M | Series D | Jun 30, 2021 | http://www.skeletontech.com/ |
| Skeleton Technologies | Skeleton Technologies is a manufacturer and developer of high-energy and high-power-density ultracapacitors based on patented curved graphene material. The company delivers high-power and high-energy storage solutions across the industry.The company's ultracapacitors deliver twice the energy density and four times the power density offeredby other manufacturers. The company's current customer base includes engineering companies, the European Space Agency, and several Tier 1 automotive manufacturers. | $48.6M | Series D | Nov 03, 2020 | http://www.skeletontech.com/ |
| Yanu | We are building an autonomous, contactless, AI-powered robot bartender and barista "Yanu" to change the future of bartending and servicing customers in busy venues around the world. It is fast, compact, standalone, asks no salary, communicates, identifies, and takes payments. It is something that will cut your costs dramatically and boostyour business revenues to new highs. Check https://yanu.ai for details. | $309.4K | Seed | Jul 01, 2020 | https://x.com/Yanu_ai |
| Yanu | We are building an autonomous, contactless, AI-powered robot bartender and barista "Yanu" to change the future of bartending and servicing customers in busy venues around the world. It is fast, compact, standalone, asks no salary, communicates, identifies, and takes payments. It is something that will cut your costs dramatically and boostyour business revenues to new highs. Check https://yanu.ai for details. | $1.1M | Angel | Oct 01, 2019 | https://x.com/Yanu_ai |

5 of 5 investments shown.

## Co-investors
- [Harju Elekter Group](https://shizune.co/investors/profile/harju-elekter-group) — VC Fund, 2 deals together
- [Adyen](https://shizune.co/investors/profile/adyen) — VC Fund, 1 deal together
- [FIRSTFLOOR CAPITAL](https://shizune.co/investors/profile/firstfloor-capital-sdn-bhd) — VC Fund, 1 deal together
- [EIT InnoEnergy](https://shizune.co/investors/profile/kic-innoenergy) — VC Fund, 1 deal together
- [Marubeni](https://shizune.co/investors/profile/marubeni-corporation) — VC Fund, 1 deal together
- [Startup Wise Guys](https://shizune.co/investors/profile/startup-wise-guys) — VC Fund, 1 deal together

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## Featured in investor lists
- [Food and Beverage Investors in Estonia](https://shizune.co/investors/food-and-beverage-investors-estonia)
- [Food and Beverage VC Funds in Estonia](https://shizune.co/investors/food-and-beverage-vc-funds-estonia)

## FAQ

### What does MM Grupp invest in?

MM Grupp invests primarily in Energy, Gaming and Battery startups, most often at Seed and Angel stage. Most of the 5 investments tracked by Shizune back companies in Estonia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is MM Grupp's check size?

MM Grupp typically joins rounds of $34M–$49M at Series D. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds MM Grupp participates in.

### When did MM Grupp last invest?

The most recent investment recorded for MM Grupp closed in Dec 2024. Shizune tracks 5 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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