# Rait Ojasaar

> Rait Ojasaar is a seed investor at Change Ventures backing Software, Apps and E-Commerce. See 16 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Change Ventures](https://shizune.co/investors/profile/change-ventures)
- Total investments: 16
- Last investment: Oct 2024
- Lead investor: 63%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/raito
- X (Twitter): https://twitter.com/raitens
- Website: https://www.changeventures.com/
- Facebook: https://www.facebook.com/raitens

Rait Ojasaar is a seed investor at Change Ventures focused on Software and Apps. Rait Ojasaar currently works as a Investment Partner for Change Ventures. He previously worked at Alter Security as an Advisor. Rait Ojasaar attended Estonian Business School.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 5 | 31% |
| Apps | 2 | 13% |
| E-Commerce | 2 | 13% |
| E-Commerce Platforms | 2 | 13% |
| Art | 1 | 6% |

41 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 9 | 56% |
| Series A | 2 | 13% |
| Pre-Seed | 1 | 6% |
| Funding Round | 1 | 6% |
| Convertible Note | 1 | 6% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Estonia | 7 | 44% |
| Germany | 1 | 6% |
| Australia | 1 | 6% |
| South Africa | 1 | 6% |
| United States | 1 | 6% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Modash.io | Modash, An influencer marketing platform is providing a end-to-end solution for influencer marketing. We are shifting the influencer market from experimental budget to the 100B dollar performance ad market. To do this, we offer unique tools like audience targeted influencer search and are the only platform to provide conversion rate attribution forinfluencer marketing. We believe in the value creators bring by building their community and telling stories that matter. That's why we are on a mission to help every creator get paid. | $12M | Series A | Oct 30, 2024 |  |
| Inspectle Food | Inspectle Food is a platform for conducting frequent hygiene inspections in GFSI-certified food manufacturing plants, which aids in the resolution of non-conformities and saves quality team. | $431.9K | Pre-Seed | Dec 12, 2023 |  |
| Formaloo | Formaloo is a no-code platform that helps businesses create custom data-driven business applications, automate their processes and engage their audience. Formaloo helps thousands of businesses every day to collect, organize and understand their data. Formaloo helps teams collaborate and go from idea to execution in no time.Formaloo providesdrag-and-drop tools that enable businesses to develop software quickly without coding, as easy as creating a form. Formaloo provides users with database infrastructure and drag-and-drop components to quickly assemble and design powerful applications.Formaloo is built for businesses, not developers or data scientists. It's super simple to use and understand, you don't have to code, and best of all, it requires no data experts to operate it.With Formaloo CDP users can use their own data to analyze their customers, and your business and even predict the future. Formaloo adds an AI-powered data expert to SMBs & SMEs so they can really understand their business and their customers and act on it to boost their Loyalty, LTV and CX. | $2.3M | Seed | Jul 05, 2023 |  |
| Modash.io | Modash, An influencer marketing platform is providing a end-to-end solution for influencer marketing. We are shifting the influencer market from experimental budget to the 100B dollar performance ad market. To do this, we offer unique tools like audience targeted influencer search and are the only platform to provide conversion rate attribution forinfluencer marketing. We believe in the value creators bring by building their community and telling stories that matter. That's why we are on a mission to help every creator get paid. | $2M | Seed | Nov 23, 2022 |  |
| Cloud Factory | CloudFactory.co delivers business process excellence through SAP, MYOB, Microsoft, PowerApps & Korber K.Motion WMS. Cloud Factory is the business solutions Partner. By working together, they can deliver all that is best in the ERP solution that decides to implement through their certified team for SAP Business One, Microsoft Business Central,WIISE, and MYOB Advanced. They are proud to be a long-standing tenured team and value their partnership status for their clients throughout Australia. | $2M | Seed | Oct 11, 2022 |  |
| Cloud Factory Jewelry | Jewelry and precious metal collectibles are entering a new era—one that is sustainable, scalable, and on-demand. Cloud Factory is leading this revolution with 3D-printed silver jewelry and collectible coins, providing enterprise brands and mints with unique design with high-speed, zero-waste and no-inventory solution.We’re trusted by Netflix,Paramount, NBCUniversal and other major global brands, solving a decades-old supply chain problem. | $1.9M | Seed | Oct 11, 2022 |  |
| Planet42 | Planet42 is democratising mobility by enabling people ignored by banks to get access to a personal vehicle. The company leverages technology to mitigate risk and promote financial inclusion by buying second-hand cars from a network of motor dealers and providing them to customers on a subscription basis, without the need to physically see the caror meet the customer. | $6M | Convertible Note | Dec 21, 2021 |  |
| Planet42 | Planet42 is democratising mobility by enabling people ignored by banks to get access to a personal vehicle. The company leverages technology to mitigate risk and promote financial inclusion by buying second-hand cars from a network of motor dealers and providing them to customers on a subscription basis, without the need to physically see the caror meet the customer. | $6M |  | Dec 21, 2021 |  |
| Planet42 | Planet42 is democratising mobility by enabling people ignored by banks to get access to a personal vehicle. The company leverages technology to mitigate risk and promote financial inclusion by buying second-hand cars from a network of motor dealers and providing them to customers on a subscription basis, without the need to physically see the caror meet the customer. | $6M | Seed | Dec 21, 2021 |  |
| Printify | Printify is the world's most famous print-on-demand platform designed to help anyone with an internet connection unlock the freedom that comes with opening your own online business. And because it’s completely risk free, more than 10 million people have signed up to open their stores! We created Printify so that anyone can create greatproducts, drive sales, and unlock their freedom. Printify has been on a steep growth curve since 2015, and now with more than 700 employees, three offices, and an amazing diverse team spread around Europe, we’re continuing to go from strength to strength. The Financial Times has ranked us as a Best Startup Employer for the last 4 years in a row, and we’re headquartered in Riga with investment backing from Richard Branson, Index Ventures, and some of the best angel investors from Silicon Valley and beyond. | $45M | Series A | Dec 01, 2021 |  |

10 of 16 investments shown.

## Co-investors
- [Startup Wise Guys](https://shizune.co/investors/profile/startup-wise-guys) — VC Fund, 5 deals together
- [Naspers Foundry](https://shizune.co/investors/profile/naspers-foundry) — VC Fund, 3 deals together
- [Hummingbird Ventures](https://shizune.co/investors/profile/hummingbird-ventures) — VC Fund, 2 deals together
- [Icebreaker.vc](https://shizune.co/investors/profile/icebreaker-vc) — VC Fund, 2 deals together
- [Karma Ventures](https://shizune.co/investors/profile/karma-ventures) — VC Fund, 2 deals together
- [Lemonade Stand](https://shizune.co/investors/profile/lemonade-stand-19b2) — VC Fund, 2 deals together

## About Change Ventures

VC Fund · Tallinn, Estonia

Change Ventures is a pre-seed stage venture capital fund backing ambitious founders based in Estonia, Latvia, Lithuania as well as Baltic diaspora entrepreneurs building their businesses elsewhere in the world. Our investments range from €100k to €500k. Our founder-friendly no-nonsense investment process is designed to help founders with big, boldambitions get fast investment decisions. Once we are on board, we help with getting to product-market fit, raising additional funds, and growing the business, leveraging an unparalleled network of follow-on investors and partners.

4 contacts available at Change Ventures.

| Name | Title | Profile |
| --- | --- | --- |
| Janis Krums | Venture Partner | https://shizune.co/investors/profile/janis-krums |
| Rait Ojasaar | Investment Partner | https://shizune.co/investors/profile/rait-ojasaar |
| Yrjö Ojasaar | Founder and Investment Partner | https://shizune.co/investors/profile/yrj-ojasaar |
| Andris K. Berzins | Managing Partner | https://shizune.co/investors/profile/andris-berzins |

## Similar investors

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- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does Rait Ojasaar invest in?

Rait Ojasaar invests primarily in Software, Apps and E-Commerce startups, most often at Seed and Series A stage. Most of the 16 investments tracked by Shizune back companies in Estonia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Rait Ojasaar last invest?

The most recent investment recorded for Rait Ojasaar closed in Oct 2024. Shizune tracks 16 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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