# Vestman Energia

> Vestman Energia is a VC fund in Viljandi backing CleanTech and Water. See 5 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Viljandi, Estonia
- Total investments: 5
- Last investment: May 2023
- Lead investor: 40%
- Last updated: Aug 2026
- Website: https://www.vestman.ee

Vestman Energia is a VC fund in Viljandi focused on CleanTech and Water. Our focus changes in the same pace with the surrounding world. If the main concern of the mankind is the food and energy supplies and polluted living environment, the current activities of the companies of Vestman Group thus also focus on these topics. Our vision is to be a sustainable forest manager on one of the Estonian largest private forestpossession. We lease out arable lands, give advice and help to find the best solution based on the partner’s needs. We are starting our journey in Eco-friendly Technology to strengthen our Circular economy way of doing things even further. We value the world we live in and the resources we use in our business.

## Contacts

5 contacts available for Vestman Energia. Shizune tracks 1 team members at Vestman Energia. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/vestman-energia?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $598k–$1.7M |
| Pre-Seed | $1.2M–$1.6M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| CleanTech | 2 | 40% |
| Water | 1 | 20% |
| Software | 1 | 20% |
| GreenTech | 1 | 20% |
| Logistics | 1 | 20% |

10 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 40% |
| Pre-Seed | 2 | 40% |
| Funding Round | 1 | 20% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Aivar Berzin | CEO | 0 | https://shizune.co/investors/profile/aivar-berzin |

## 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 |  |
| Spacedrip | Spacedrip is the creator of wastewater treatment robots that turn wastewater into pristine water. It attempts to give communities living in water-stressed areas or areas cut off from the main sewerage system with reusable water and sanitary facilities. | $1.6M |  | May 02, 2023 |  |
| Spacedrip | Spacedrip is the creator of wastewater treatment robots that turn wastewater into pristine water. It attempts to give communities living in water-stressed areas or areas cut off from the main sewerage system with reusable water and sanitary facilities. | $1.7M | Seed | May 02, 2023 |  |
| KWOTA | Verified carbon emission credits from increased material recovery | $1.6M | Pre-Seed | Apr 04, 2022 |  |
| Waybiller | Waybiller is a developed software tool that allows companies to transform from paper waybills to e-waybills (waybills are documents prepared by the carrier of a shipment of goods that contain details of the shipment, route, and charges). | $597.8K | Seed | Apr 13, 2021 |  |

5 of 5 investments shown.

## Co-investors
- [Eigenkapital](https://shizune.co/investors/profile/eigenkapital) — VC Fund, 2 deals together
- [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
- [Change Ventures](https://shizune.co/investors/profile/change-ventures) — 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

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## FAQ

### What does Vestman Energia invest in?

Vestman Energia invests primarily in CleanTech, Water and Software startups, most often at Seed and Pre-Seed 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 Vestman Energia's check size?

Vestman Energia typically joins rounds of $598k–$1.7M at Seed and $1.2M–$1.6M at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Vestman Energia participates in.

### How do I contact Vestman Energia?

Public channels for Vestman Energia 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 Vestman Energia?

The team at Vestman Energia includes Aivar Berzin (CEO). 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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