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Top 50 Proptech Startup Investors in Estonia (June 2026)

The most active venture capital funds and angel investors investing in Estonia Proptech startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Estonia Proptech startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Zenith Family Office
VC Fund
4 Estonia, United States Pre-Seed SaaS, Commercial Real Estate, B2B $27k–$549k
Thorgate Ventures
VC Fund
3 Estonia, United Kingdom, Norway Seed, Pre-Seed, Series A Software, SaaS, FinTech $22k–$3.4M
Pinto Ventures
VC Fund
3 United Kingdom, Estonia, Germany Pre-Seed, Seed, Angel FinTech, Financial Services, Finance $1.2M–$1.4M
Tera Ventures
VC Fund
3 Estonia, United States, United Kingdom Seed, Series A, Pre-Seed Software, E-Commerce, Artificial Intelligence $120k–$12M
Lemonade Stand
VC Fund
3 Estonia, Lithuania, India Seed, Pre-Seed Software, Artificial Intelligence, FinTech $227k–$3M
Spring Capital
VC Fund
2 Estonia, Finland, United States Seed, Pre-Seed, Series A Software, SaaS, E-Commerce $439k–$8.2M
Markus Villig
Angel
2 Estonia, United States, United Kingdom Seed, Pre-Seed, Angel Software, Information Technology, FinTech $230k–$3.5M
Iron Wolf Capital
VC Fund
2 Lithuania, Estonia, United Kingdom Seed, Series A, Pre-Seed Software, Information Technology, SaaS $120k–$7.1M
Martin Tajur
Angel
2 Estonia, Poland, Ukraine Pre-Seed, Seed, Angel Software, SaaS, Recruiting $137k–$2.7M
Superangel
VC Fund
2 Estonia, United States, Finland Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $165k–$20M
Sunly
VC Fund
2 Estonia, France, Finland Seed, Pre-Seed Solar, CleanTech, Rental $329k–$4.4M
Timo Rein
Angel
2 Estonia, Finland, United Kingdom Seed, Angel, Convertible Note Software, Recruiting, Human Resources $280k–$1.2M
Sten Tamkivi
Angel
2 Estonia, United States, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, Manufacturing $120k–$35M
Peep Vain
Angel
2 Estonia Seed, Angel Software, Genetics, Recruiting
Contrarian Ventures
VC Fund
2 Lithuania, United Kingdom, France Seed, Series A, Pre-Seed Software, Renewable Energy, Energy $55k–$15M
Sillever OÜ
VC Fund
1 Estonia Seed Hardware, Construction, Machine Learning
Urmas Purde
Angel
1 Estonia Angel Software, Recruiting, Human Resources
Oliver Ahlberg
Angel
1 Estonia Seed, Angel Information Technology, Software, Artificial Intelligence
Global Founders Capital
VC Fund
1 United States, Germany, United Kingdom Seed, Series A, Pre-Seed Financial Services, Software, FinTech
Martin Henk
Angel
1 Estonia, United States, United Kingdom Pre-Seed, Seed, Angel Software, SaaS, Information Technology $300k–$5.5M
Amalfi Capital
VC Fund
1 Estonia, Finland, Ireland Seed, Series A Beauty, Battery, Medical $1.5M–$9.4M
Pontos Group
VC Fund
1 Finland Genetics, Hospital, Automotive
PKO BP
VC Fund
1 Poland, Lithuania Seed, Series A, Debt Financing Software, SaaS, Gaming
Hansa Group
VC Fund
1 Estonia Seed Hardware, Construction, Machine Learning
Eneco Ventures
VC Fund
1 The Netherlands, Germany, Belgium Seed, Series A Energy, Renewable Energy, Software $110k–$11M
Carmen Alfonso Rico
Angel
1 United Kingdom, Sweden, Estonia Pre-Seed, Seed Software, Information Technology, Gaming $1.3M–$4M
Foreword Fund
VC Fund
1 United Kingdom, United States, Germany Seed, Pre-Seed, Series A Software, FinTech, Information Technology $1.1M–$13M
Gorilla Capital
VC Fund
1 Finland, Sweden, Estonia Pre-Seed, Seed, Series A Software, SaaS, Information Technology $149k–$5.5M
Change Ventures
VC Fund
1 Estonia, Latvia, Lithuania Seed, Pre-Seed, Series A Software, Information Technology, Apps $273k–$33M
Constructive Venture Fund
VC Fund
1 Switzerland, France, Sweden Series A, Series B, Seed Real Estate, SaaS, Analytics $2.8M–$32M
GFC Rocket Internet
VC Fund
1 Brazil, Canada, Estonia Seed, Angel, Series A FinTech, Software, Financial Services $584k–$6M
Matteo Gamba
Angel
1 United Kingdom, Italy, Estonia Equity Crowdfunding, Convertible Note, Series A FinTech, Financial Services, Banking $447k–$7.7M
Martin Villing
Angel
1 Estonia Pre-Seed SaaS, Software, Construction
Triin Hertmann
Angel
1 Estonia Seed, Pre-Seed FinTech, Software, E-Commerce $143k–$2.7M
Anthony Danon
Angel
1 United Kingdom, France, Estonia Seed, Series A, Pre-Seed Apps, FinTech, Software $1.5M–$21M
Taavet Hinrikus
Angel
1 United Kingdom, United States, Estonia Seed, Series A, Series B FinTech, Software, Financial Services $1M–$52M
Taavi Kotka
Angel
1 Estonia Pre-Seed, Seed, Angel Electronics, Battery, FinTech $292k–$4.4M
BayWa r.e. Energy Ventures
VC Fund
1 Germany, Israel, Sweden Series B, Seed, Series A SaaS, Energy, Solar $1.4M–$16M
Ivo Mägi
Angel
1 Estonia Angel, Pre-Seed Software, Rental Property, Property Management
Helmes
VC Fund
1 Estonia Series A Power Grid, Building Material, Natural Resources
TrueSight Ventures
VC Fund
1 United Kingdom, Sweden, United States Seed, Pre-Seed, Series A Software, Financial Services, Artificial Intelligence $611k–$16M
Declan Kelly
Angel
1 United States, United Kingdom, France Seed, Pre-Seed, Series A Software, Information Technology, FinTech $1.1M–$76M
Gonzalo Manrique
Angel
1 France, Belgium, Estonia Seed, Pre-Seed Software, Recruiting, Information Technology $1.3M–$6.4M
Indrek Kasela
Angel
1 Estonia, United Kingdom Seed, Angel, Pre-Seed Hardware, Software, Insurance $2.1M–$2.2M
Fly Ventures
VC Fund
1 United Kingdom, Germany, United States Seed, Pre-Seed, Series A Software, Artificial Intelligence, Machine Learning $1.4M–$20M
Foundamental
VC Fund
1 United States, India, Germany Seed, Series A, Pre-Seed Construction, Software, Real Estate $450k–$27M
TMT Investments
VC Fund
1 United States, Estonia, United Kingdom Seed, Series A Software, SaaS, Social Media $250k–$10M
Magnus Hiie
Angel
1 Estonia Pre-Seed SaaS, Software, Construction
Passion Capital
VC Fund
1 United Kingdom, United States, Germany Seed, Series A, Series B Software, FinTech, Financial Services $573k–$40M
Toomas Bergmann
Angel
1 Estonia Seed, Angel Hardware, Mobile Apps, Construction
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Zenith Family Office
VC Fund · 4 investments in Estonia Proptech startups

Independent wealth management company devoted to handling the investments and personal needs of wealthy individuals

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Investment focus

  • Industry: SaaS, Commercial Real Estate, B2B
  • Stage:Pre-Seed
  • Geography: Estonia, United States

Investor stats

  • Total investments: 5
  • Round size: Pre-Seed $27k–$549k
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Remato — Remato is all-in-one & mobile-first platform to seamlessly manage projects, people and assets. Budget estimating & task planning, field communications & work tracking, real-time overview & automated reports.
  • Moderan — Moderan is an online software for commercial real estate lease lifecycle management and asset reporting. So easy, any team can start using it in a day. Get your lease and property information organised. Save time with automated reports and make sure no deadline is missed.
  • VideoCV.io — Spend less time reading stacks of resumes, and more time on finding the best fit for your company. VideoCV helps you increase your hiring productivity by streamlining your talent management processes.
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Thorgate Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Estonia Proptech startups

We invest both capital and our know-how into startups. Join us and let's change the world

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Investment focus

  • Industry: Software, SaaS, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, United Kingdom, Norway

Investor stats

  • Total investments: 22
  • Round size: Seed $22k–$713k; Pre-Seed $133k–$478k; Series A $2.1M–$3.4M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Coursy.io — Make employee development more effective with LMS powered by Learning Design
  • Waybiller — Bulk TMS solution for end-to-end management: Waybiller transforms your logistics operations, allowing you to handle bulk shipments with precision and speed. The Best E-waybill Software & Bulk TMS Solution
  • Bilance — Bilance is a personal finance management app that helps you to track, analyze and plan your finances.
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Pinto Ventures
VC Fund · Zug, Zug, Switzerland · 3 investments in Estonia Proptech startups

We provide the capital, the time and support you need to build your most ambitious and successful business

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Investment focus

  • Industry: FinTech, Financial Services, Finance
  • Stage:Pre-Seed, Seed, Angel
  • Geography: United Kingdom, Estonia, Germany

Investor stats

  • Total investments: 13
  • Round size: Angel $1.2M–$1.4M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • eTEU — eTEU is a startup that works on documentation process optimisation and digitalisation in the container shipping industry
  • Roundabout — La piattaforma per gestire in pochi click le tue campagne di influencer marketing raccontando i tuoi valori e le tue idee. Scopri subito il tool!
  • Vonzu — VONZU is a SaaS solution for logistics and delivery management, which allows orchestration of the entire supply chain by integrating retailers and logistics operators in the same cloud ecosystem.
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Tera Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Estonia Proptech startups

Tera Ventures is an international investment firm based in Estonia.

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Investment focus

  • Industry: Software, E-Commerce, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Estonia, United States, United Kingdom

Investor stats

  • Total investments: 66
  • Round size: Seed $531k–$4.2M; Pre-Seed $120k–$2.2M; Series A $1.6M–$12M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Secfense — Secfense User Access Security Broker is a network traffic broker that learns the traffic patterns related to authentication and builds an additional security layer between users and their applications.Secfense broker is not a 2FA method. Secfense broker is a tool that enables a quick & easy setup of any 2FA method or authentication standardavailable on the market and introduces it without interfering with applications existing code or database.Without Secfense broker, the 2FA integration often requires changes in the apps' code and then manual check, which can take forever when there are hundreds of apps to protect.Secfense broker streamlines the process by taking over the traffic. The broker knows to which app the user wants to log in, and it asks the user to apply the 2FA method that was chosen for this specific app. Thanks to the Secfense broker the 2FA implementation process is quick & painless across the entire organization. Our customers can also easily switch to any other 2FA method available on the market connecting it with any application or device they need.
  • Brainbase — Unified Licensing Management Software. Track and visualize brand performance, contracts, and royalties. Manage approvals, track deals, and spot contract violations.
  • Supersimple — Supersimple helps SaaS companies use customer behavior data to drive decisions in product & sales.
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Lemonade Stand
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Estonia Proptech startups

Lemonade Stand is a VC fund that focuses on early stage B2B investments in Baltic and East European founders no matter the HQ location. Investing €25-300K in strong teams, technology or traction.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: Estonia, Lithuania, India

Investor stats

  • Total investments: 42
  • Round size: Seed $1.1M–$3M; Pre-Seed $227k–$2.2M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Esgrid — Esgrid provides value-chain sustainability management solutions to medium-sized businesses and financial institutions.
  • Ligence — AI Automated Echocardiography - Artificial intelligence-powered automated heart ultrasound echo lab system.
  • Soldera — Soldera enables renewable energy producers to earn additional income through an automatic guarantee of the origin trading system.
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Spring Capital
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Proptech startups

Investments in exceptional teams in the Baltics & Nordics.Our two main focuses include: 1. Startups with a technological edge. Seed stage. Our check size is from €50K up to €200K. With a vast experience in startup building, we typically get hands-on with our advice and help the founders achieve operational excellence. 2. Innovators oftraditional sectors. SMEs with a proven track and strong market position. Clear plans to accelerate the growth. Our investment ticket can be from €300K to €700K to support these aspirations. If you think we have a match, reach out through invest@springcapital.ee.

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Investment focus

  • Industry: Software, SaaS, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, Finland, United States

Investor stats

  • Total investments: 24
  • Round size: Seed $439k–$2.4M; Pre-Seed $500k–$580k; Series A $7M–$8.2M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — raised $3.9M in 2018

Portfolio highlights

  • Uniify — Uniify is a no-code customer onboarding software that makes it fast, easy and secure for financial companies to onboard their customers. Save your business time and money, and build onboarding flows for your customers in minutes instead of months.
  • Crisp — Crisp connects data between retailers, distributors, and brands to power real-time insights across the supply chain.
  • Salesforge — Salesforge is an all-in-one sales execution super app that gives every sales team the highest probability to hit their target by tackling email deliverability and the need to personalize cold email outreach at scale.We do that by enabling real-time AI & machine learning to decision critical sales activities, enhance messaging and eliminatethe need for various sales point solutions, therefore driving superior conversion rates.
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Markus Villig
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Proptech startups

Markus Villig is founder and CEO of Taxify. He attended University of Tartu.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Estonia, United States, United Kingdom

Investor stats

  • Total investments: 26
  • Round size: Seed $1.1M–$3.5M; Pre-Seed $230k–$3.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • GScan — Cosmic-ray based solutions for 3D imaging. GScan redefines the boundaries of 3D scanning with Muon Flux Technology (MFT) detectors. Unparalleled quality, safety, ease-of-use. Scan anything. Detect everything.
  • Sera — Sera's AI streamlines prospecting with tailored lists and enriched profiles, including accurate emails and metrics.
  • ScamGuardian.AI — Providing Actionable Intelligence to Stop Scams
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Iron Wolf Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Estonia Proptech startups

We are here to make you succeed! Iron Wolf Capital is an international venture capital firm with an experienced team of professionals with global outlook and strong roots in the Baltics. and a mandate for helping entrepreneurs realise their ideas into successful businesses.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Lithuania, Estonia, United Kingdom

Investor stats

  • Total investments: 38
  • Round size: Seed $329k–$2.6M; Pre-Seed $120k–$965k; Series A $4.7M–$7.1M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Copla — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
  • UFORCE — UFORCE is a defence technology business that specialises on combat-proven unmanned systems for air, ground, and marine operations.
  • CyberUpgrade — Simplify cybersecurity compliance with automated workflows, audits, and risk management. Our expert CISO team tailors solutions to your organization's needs.
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Martin Tajur
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Proptech startups

Martin Tajur is the co-founder of Pipedrive.

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Investment focus

  • Industry: Software, SaaS, Recruiting
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Estonia, Poland, Ukraine

Investor stats

  • Total investments: 16
  • Round size: Seed $800k–$2.7M; Angel $137k–$549k; Pre-Seed $478k–$2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • YuMuuv — YuMuuv is an employee wellness platform that uses science-based formulas to capture data and keeps track of physical activity & leaderboard.
  • Shen.AI — Discover how Shen AI turns your smartphone into a health companion - no wearables, just powerful, camera-based health insights.
  • SegmentStream — SegmentStream is a data intelligence platform which helps collect and unify from different data sources into own data warehouse for advanced analytics and attribution. Our solution is trusted by leading brands such as Benetton, Nespresso, New Balance, myToys, Eventim Group, and others.
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Superangel
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Proptech startups

Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, United States, Finland

Investor stats

  • Total investments: 76
  • Round size: Seed $767k–$6.6M; Pre-Seed $165k–$2.2M; Series A $5.3M–$20M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $35M in 2022

Portfolio highlights

  • Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
  • ROCSYS — Meet the world's first autonomous charging solution for electrical vehicles in public transportation, logistics, material handling, and passenger cars.
  • ZITICITY — Juragan69 adalah venue slot demo yang dipilih untuk final oleh para juragan di Indonesia karena memiliki fasilitas permainan slot yang lengkap serta pelayanan super ramah dari para customer service di situs ini.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Sunly
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Proptech startups

Sunly, a renewable energy company, is active in the Baltics and surrounding markets. Sunly is developing renewable energy projects through Sunly Infra and manages a renewable energy and electrification portfolio of start-ups through Sunly Startup.

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Investment focus

  • Industry: Solar, CleanTech, Rental
  • Stage:Seed, Pre-Seed
  • Geography: Estonia, France, Finland

Investor stats

  • Total investments: 10
  • Round size: Seed $549k–$4.4M; Pre-Seed $329k–$549k
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Themo — Themo's innovation is an algorithm that optimizes the price of exchange electricity and the consumption of electricity. Themo offers an easy and environmentally friendly way to save on electricity consumed by heating.
  • 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.
  • UP Catalyst — UP Catalyst produces sustainable carbon nanomaterials and graphite for the green energy storage industry.
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Timo Rein
Angel · New York, New York, United States · 2 investments in Estonia Proptech startups

Timo Rein - Co-Founder @ Pipedrive

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Investment focus

  • Industry: Software, Recruiting, Human Resources
  • Stage:Seed, Angel, Convertible Note
  • Geography: Estonia, Finland, United Kingdom

Investor stats

  • Total investments: 10
  • Round size: Seed $280k–$1.2M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • YuMuuv — YuMuuv is an employee wellness platform that uses science-based formulas to capture data and keeps track of physical activity & leaderboard.
  • Antegenes — Antegenes’ novel genetic tests assess a patient’s personal cancer risks, and include clinical recommendations for personalized cancer prevention. The tests are based on innovative polygenic risk score technology which helps to clarify a person’s genetic predispositions to cancer. It therefore allows for more accurate prevention and early detectionmeasures – crucial in the fight with cancer. The tests are currently being used to determine the genetic risk for four cancers: breast cancer, prostate cancer, colon cancer, and skin melanoma.
  • Bidrento — One powerful platform for your entire portfolio. The leading property and tenant management software. Scale your operations and maximize your profit with Bidrento. Try it already today!
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Sten Tamkivi
Angel · San Francisco, California, United States · 2 investments in Estonia Proptech startups

Sten Tamkivi is the Chief Product Officer at Topia (formerly MOVE Guides). He was previously co-founder and CEO of Teleport (acquired by Topia), the place to scout for startup people. He co-founded the company as an EIR at Andreessen Horowitz.Sten has been a tech entrepreneur since 1996. After founding a few companies in Estonia, he joined Skypeas an early executive, ran the original R&D office, and held several global product leadership roles for 8+ years.He has an MS in Management from Stanford GSB.

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Investment focus

  • Industry: Software, Artificial Intelligence, Manufacturing
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Estonia, United States, United Kingdom

Investor stats

  • Total investments: 45
  • Round size: Seed $540k–$20M; Pre-Seed $120k–$2.2M; Series A $7.1M–$35M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Katana — Katana gives thousands of manufacturers a live look at their business with visual, intuitive, and easy-to-use ERP software.
  • Insempra — Origin.Bio creates synthetic microorganisms that can make many of the same ingredients as traditional chemical industrialization processes today, but with significantly fewer energy requirements and waste produced while eradicating the need for petrochemicals.The company drives the convergence of engineering with biology, using DNA as theprogramming language. Rather than editing genetic material only in or out of DNA, engineers can hack entirely new organisms that have never existed — all powered by computing, automation, and artificial intelligence (AI)/machine-learning while leveraging millions of years of evolution. Operating at an atomic level, the company farms organisms with microscopic precision and integrates them into existing original equipment manufacturer (OEM) manufacturing processes. This asset-light approach enables Origin.Bio to generate sustainable materials at speed in a cost-effective way, without compromising on performance.
  • Entrepreneurs First — We turn exceptional individuals into funded founders. We back you first, then give you a bridge to Silicon Valley.
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Peep Vain
Angel · 2 investments in Estonia Proptech startups

Peep Vain is the Private Investor at Vain and Partners. He attended Bentley University.

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Investment focus

  • Industry: Software, Genetics, Recruiting
  • Stage:Seed, Angel
  • Geography: Estonia

Investor stats

  • Total investments: 5
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Antegenes — Antegenes’ novel genetic tests assess a patient’s personal cancer risks, and include clinical recommendations for personalized cancer prevention. The tests are based on innovative polygenic risk score technology which helps to clarify a person’s genetic predispositions to cancer. It therefore allows for more accurate prevention and early detectionmeasures – crucial in the fight with cancer. The tests are currently being used to determine the genetic risk for four cancers: breast cancer, prostate cancer, colon cancer, and skin melanoma.
  • Bisly — Bisly Scalable Building Automation reduces the overhead for building professionals and makes energy saving easy and affordable.
  • Bidrento — One powerful platform for your entire portfolio. The leading property and tenant management software. Scale your operations and maximize your profit with Bidrento. Try it already today!
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Contrarian Ventures
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Estonia Proptech startups

We are a hands-on, community-focused and founders vetted early-stage sustainable energy transition focused VC in Europe & Israel

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Investment focus

  • Industry: Software, Renewable Energy, Energy
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Lithuania, United Kingdom, France

Investor stats

  • Total investments: 53
  • Round size: Seed $274k–$8M; Pre-Seed $55k–$4.1M; Series A $1.7M–$15M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Eliq — Energy data platform for utilities combining customer insights and operational intelligence to improve service, reduce churn and grow revenue.
  • PVcase — From site selection and design to yield optimization; PVcase helps streamline your entire process.
  • Urbio — Intuitive online software for urban energy planning and design. Urbio helps energy providers, utilities, consultants and real estate companies save time and money with generative design and digital twins.
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Sillever OÜ
VC Fund · 1 investments in Estonia Proptech startups

Sillever OÜ operates as an investment firm.

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Investment focus

  • Industry: Hardware, Construction, Machine Learning
  • Stage:Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • GScan — Cosmic-ray based solutions for 3D imaging. GScan redefines the boundaries of 3D scanning with Muon Flux Technology (MFT) detectors. Unparalleled quality, safety, ease-of-use. Scan anything. Detect everything.
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Urmas Purde
Angel · San Francisco, California, United States · 1 investments in Estonia Proptech startups

Co-Founder of Pipedrive.

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Investment focus

  • Industry: Software, Recruiting, Human Resources
  • Stage:Angel
  • Geography: Estonia

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • RecruitLab — Teamdash's built-in recruitment, applicant tracking, and marketing features give you the focus you need to achieve the impossible. Here's how.
  • Bidrento — One powerful platform for your entire portfolio. The leading property and tenant management software. Scale your operations and maximize your profit with Bidrento. Try it already today!
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Oliver Ahlberg
Angel · 1 investments in Estonia Proptech startups

Oliver Ahlberg is the Co-Founder and Chief Operating Officer of Skeleton Technologies. He has assured excellent operational capabilities and played a critical role in the development of internal procedures which have kept the company on the forefront of energy storage development. He has had an integral role in securing VC funding and settingup the company's R&D Center in Estonia. Additionally he plays a central role in the company's IT capabilities, production systems and processes and daily administration of the company. Leading the pilot production of the company, he also offers input in product development and has led production optimization efforts. Oliver Ahlberg has previously worked in the IT and law sector in San Fransisco, USA and Tallinn, Estonia. He has co-founded digital media company Vigvam Studio and a daily deals site acquired by the market leader in 2010. Oliver Ahlberg has earned a law degree from University of Tartu.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Seed, Angel
  • Geography: Estonia

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • OCCO — B2B commerce platform for design professionals, advancing their workflow through AI and Machine Learning.
  • ProcurementFlow — Reduce time to market for new products! Simple procurement teamwork software for keeping the communication and procurement process in the flow. Requisition management, eSourcing, SRM.
  • DriveX Technologies — Decrease your average claim size with AI vehicle inspection tool for CASCO pre-checks and windshield claims.
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Global Founders Capital
VC Fund · Berlin, Berlin, Germany · 1 investments in Estonia Proptech startups

Over the past two decades, GFC have backed over five hundred entrepreneurs worldwide, e.g. Facebook, LinkedIn, Slack, and Away Travel.

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Investment focus

  • Industry: Financial Services, Software, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 817
  • Lead/follow: no public data

Portfolio highlights

  • Personio — Personio is the Intelligent HR platform for companies from 10-5,000 employees, powering over 1 million people worldwide. Book your free demo today.
  • Talentry — Talentry TRM is your central platform for Talent Relationship Management: Sourcing, CRM, Alumni Management, Employee Referrals, Advocacy, Internal Mobility.
  • Exponential DeFi — Exponential is an investment platform for crypto holders to earn yield on their crypto through decentralized finance (DeFi) safely and easily.
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Martin Henk
Angel · San Francisco, California, United States · 1 investments in Estonia Proptech startups

Martin Henk is the Co-founder of Pipedrive.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Estonia, United States, United Kingdom

Investor stats

  • Total investments: 19
  • Round size: Seed $371k–$5.5M; Pre-Seed $300k–$2.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Baserow — Discover Baserow, the open-source no-code platform for building databases and applications. No code or technical skills needed. Start creating for free today!
  • Breyta — Gather all your qualitative data and our AI assistant transcribes, analyses and delivers you accurate product insights and patterns at scale in seconds.
  • SegmentStream — SegmentStream is a data intelligence platform which helps collect and unify from different data sources into own data warehouse for advanced analytics and attribution. Our solution is trusted by leading brands such as Benetton, Nespresso, New Balance, myToys, Eventim Group, and others.
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Amalfi Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in Estonia Proptech startups

International Technology Investment Fund

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Investment focus

  • Industry: Beauty, Battery, Medical
  • Stage:Seed, Series A
  • Geography: Estonia, Finland, Ireland

Investor stats

  • Total investments: 9
  • Round size: Seed $1.5M–$2.3M; Series A $2.8M–$9.4M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • VOOL — VOOL is a one-stop shop for EV Charging. Experience chargers that are reliable, save money, and look damn good. Made in Estonia.
  • Wirepas — Wirepas offers a standards-based, ultra-reliable mesh connectivity for infrastructure-grade IoT. Proven in millions of devices worldwide.
  • X-BOLT Orthapaedics — X-Bolt Trauma Solutions for osteoporotic bone fixation. FDA 510(k) approved. Clinical studies include the WHITE One (n=100) and WHITE Four (n=1,140) randomized control trials.
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Pontos Group
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Estonia Proptech startups

Pontos is a family owned Finnish private equity and real estate investment company operating in Finland, the Baltic States, and Portugal.

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Investment focus

  • Industry: Genetics, Hospital, Automotive
  • Geography: Finland

Investor stats

  • Total investments: 4
  • Lead/follow: no public data

Portfolio highlights

  • R8tech — R8 Jenny is AI HVAC technology for commercial real estate. It helps you achieve ESG goals while saving up to 30% in energy costs!
  • Valmet Automotive — Valmet Automotive, a Uusikaupunki, Finland-based electric vehicle developer and manufacturer. Valmet Automotive provides engineering, manufacturing and business services for the automotive industry. In 2009, the company generated net sales of €56m and employed some 800 people. It manufactures Porsche Cayman sports cars, electric Garia golf carsand THINK City urban cars in Uusikaupunki, Finland. Cuca
  • Blueprint Genetics — We offer complete genetic testing and genetic diagnostics to medical professionals worldwide. Learn more about our winning clinical-grade NGS offering!
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PKO BP
VC Fund · Warszawa, Mazowieckie, Poland · 1 investments in Estonia Proptech startups

PKO BP operates as a commercial bank. The Bank’s operations comprise cash deposits, maintenance of accounts, granting loans and cash advances, granting and confirming bank guarantees.

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Investment focus

  • Industry: Software, SaaS, Gaming
  • Stage:Seed, Series A, Debt Financing
  • Geography: Poland, Lithuania

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • Fusebox Energy — Fusebox is a bridge between consumers and energy markets to save on energy costs and reduce CO2.
  • inSTREAMLY — inSTREAMLY is an automated streamer management platform which brings brands and streamers together. Using micro-sponsorships, streamers are able to monetise their content lowkey, while giving brands an opportunity to connect with Generation Z in an innovative way. It's SaaS branch: Streamcoi is aimed for esports organizations, MCN's,agencies and tournament organizers.
  • Modus Asset Management — Concentrate on renewable energy investments with long-term and steady cash flows, an appealing risk-return profile, and resilience to fluctuations in the value of other asset types.
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Hansa Group
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Proptech startups

Maailm liigub - The world is moving

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Investment focus

  • Industry: Hardware, Construction, Machine Learning
  • Stage:Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • GScan — Cosmic-ray based solutions for 3D imaging. GScan redefines the boundaries of 3D scanning with Muon Flux Technology (MFT) detectors. Unparalleled quality, safety, ease-of-use. Scan anything. Detect everything.
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Eneco Ventures
VC Fund · Rotterdam, Zuid-Holland, The Netherlands · 1 investments in Estonia Proptech startups

Eneco Ventures, the investment arm of Netherlands-based energy innovator, Eneco.

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Investment focus

  • Industry: Energy, Renewable Energy, Software
  • Stage:Seed, Series A
  • Geography: The Netherlands, Germany, Belgium

Investor stats

  • Total investments: 25
  • Round size: Seed $110k–$3.8M; Series A $1.3M–$11M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Klimate — Science-led, tech-enabled carbon removal strategies for your corporate sustainability journey.
  • Gradyent — By enabling you to optimise, decarbonise and transform your Heating system, we help you to take on the climate challenge and progress.
  • Energyworx — Energyworx is a software company. It designs and develops software solutions. The Company offers a SaaS-based platform for energy data management and intelligence cloud service disrupting the global energy and utilities market. They help uncover the hidden the value of data by correlating and analyzing the data with a diversity of other datasources. This helps its users to balance and optimize the grid; and reduce losses during transmission and distribution.The company enables organizations to make business decisions with real time data insights. They fuel best of breed products and services in the energy industry. The platform offers other services such as meter data management, social energy app, energy balancing for smart grids, and data hub.Energyworx was founded by Edwin Poot in 2012 and is headquartered in Houten, Utrecht.
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Carmen Alfonso Rico
Angel · London, England, United Kingdom · 1 investments in Estonia Proptech startups

Lucky friend, family girl. Always chasing the “why” and “so what” of everything. Food explorer. Book lover. My Spotify running playlist is embarrassing. Obsessed with the power of communities and looking for #customerlove in the weirdest places. Lawyer and economist, previously @MorganStanley, @FelixCapital. Launched a D2C brand from my living room(RIP). From Spain but call London home. I collect exotic stamps on my passport.

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Investment focus

  • Industry: Software, Information Technology, Gaming
  • Stage:Pre-Seed, Seed
  • Geography: United Kingdom, Sweden, Estonia

Investor stats

  • Total investments: 8
  • Round size: Seed $1.4M–$4M; Pre-Seed $1.3M–$2.5M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • SigmaOS — SigmaOS is a new type of browser designed for founders, researchers, and content creators to make it better and faster to work on the web.
  • Cauldron — Cauldron aim is to create a Worldbuilding is the art form that is foundational to everything at Cauldron. We want people to truly feel they can not only escape into our worlds, but through the advances of Web3, be a part of them.
  • Werk — Werk is building a construction labor marketplace, that matches workers internationally to any country, all while automating the paperwork and HR. Our community provides trade union benefits, globally. Think of it as a mix of Deel & LinkedIn, but for construction that disrupts the European gray economy. Werk is building a digital identity forthe workers building our homes and offices.
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Foreword Fund
VC Fund · San Francisco, California, United States · 1 investments in Estonia Proptech startups

Foreword Ventures is an early-stage micro fund backing startups throughout their initial chapters. Foreword commits to adding value far beyond the small checks they write by devoting time, reputation, and capital to clients' success. Foreword typically invests in the pre-seed and seed stages, but can also invest in Series A and beyond whenthere is an existing relationship with the founder or co-investor.

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Investment focus

  • Industry: Software, FinTech, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 37
  • Round size: Seed $3M–$9M; Pre-Seed $1.1M–$3M; Series A $8.8M–$13M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Loctax — Ask any tax question based on your company's data and IBFD's authoritative tax content. Then act on it with compliance and risk management tools.
  • Delphi — Delphi turns your expertise into an always-on presence, so you can grow your reach, serve your audience, and lead with clarity, without burning out.
  • Bits Technology — Bits Technology connects data sources & orchestrates workflows for financial tech services.
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Gorilla Capital
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Estonia Proptech startups

Gorilla Capital helps ambitious startups grow with smart funding and support. Discover how our team invests in early-stage companies.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Finland, Sweden, Estonia

Investor stats

  • Total investments: 61
  • Round size: Seed $274k–$549k; Pre-Seed $149k–$680k; Series A $2.6M–$5.5M
  • Lead/follow: 74% lead, 26% follow

Portfolio highlights

  • DealGuru — DealGuru is a stealth startup in a ecommerce space.
  • Upsy Company — Join Zotabet Casino today to enjoy special benefits and an amazing gaming environment with a wide range of slots!
  • Pandatron — With clients like SAP, Universal Pictures & Skanska, Pandatron is a startup that supports change management. We do it by scaling AI-driven coaching 1-on-1s to every employee, which also allows us to measure change.
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Proptech startups

We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.

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Investment focus

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, Latvia, Lithuania

Investor stats

  • Total investments: 63
  • Round size: Seed $500k–$4.5M; Pre-Seed $273k–$2.2M; Series A $1M–$33M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Eurora — Eurora develops an e-commerce suite of customs compliance tools.
  • FanSifter — FanSifter is a fan data management platform that leverages machine learning to help rights holders in music, entertainment, and sports increase tickets, music, merch, experiences, and sponsorships sales.
  • RecruitLab — Teamdash's built-in recruitment, applicant tracking, and marketing features give you the focus you need to achieve the impossible. Here's how.
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Constructive Venture Fund
VC Fund · Zürich, Zurich, Switzerland · 1 investments in Estonia Proptech startups

Swiss Immo Lab builds an ecosystem for innovation in real estate. Established by strategic partners from the construction & real estate industry who invest in seed & early-stage startups from proptech, contech and fintech

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Investment focus

  • Industry: Real Estate, SaaS, Analytics
  • Stage:Series A, Series B, Seed
  • Geography: Switzerland, France, Sweden

Investor stats

  • Total investments: 11
  • Round size: Series A $3.6M–$11M; Series B $2.8M–$32M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Minut — Minut keeps your home safe and your neighbors happy while respecting your guests' privacy. Monitor noise and occupancy, secure your home, and enhance guest experience. Only Minut gives you the full insight you need to protect your homes, all in one single sensor.
  • Smino — Smino is a cloud platform for the construction industry that provides all the necessary tools for workflows and successful collaboration.
  • Veesion — Veesion: AI-driven smart video surveillance. Detect theft in real time. Protect your business now.
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GFC Rocket Internet
VC Fund · 1 investments in Estonia Proptech startups

GFC Rocket Internet

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Investment focus

  • Industry: FinTech, Software, Financial Services
  • Stage:Seed, Angel, Series A
  • Geography: Brazil, Canada, Estonia

Investor stats

  • Total investments: 4
  • Round size: Seed $584k–$6M
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Humanoo — HUMANOO | MAKING PEOPLE HEALTHIER! HUMANOO is the digital health platform for employees and insurance clients. We enable our users to improve their physical and mental health. Simple, effective, proven - all in one app. With customized programs and innovative eHealth solutions, we guide our users in the areas of fitness, physio, yoga, mindfulnessand nutrition to their self-imposed goals. For the first time, companies and insurance companies can use comprehensive decentralized analysis to understand the health of their employees or insurance clients and make it a measurable success. Our team currently consists of 65 employees from 15 nations with different talents. In our office in Berlin-Kreuzberg, software developers, designers, marketing and sales specialists work together with sports and nutrition scientists as well as yoga teachers and physiotherapists. What we share is the goal to motivate people to stay healthy.
  • Pluto — Unlimited corporate cards with spend controls, petty cash management and automated receipt collection built for businesses in MENA (UAE, Saudi Arabia & more).
  • Zé Delivery — Zé Delivery is an online platform that sells a wide range of beers.
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Matteo Gamba
Angel · Berlin, Berlin, Germany · 1 investments in Estonia Proptech startups

Matteo leads the product teams taking care of Payments & Fraud at Wayfair, one of the top e-commerce retailers selling furniture and home goods in North America and Europe. Before Wayfair, he led the product function for the growth teams at (Transfer)Wise.

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Investment focus

  • Industry: FinTech, Financial Services, Banking
  • Stage:Equity Crowdfunding, Convertible Note, Series A
  • Geography: United Kingdom, Italy, Estonia

Investor stats

  • Total investments: 24
  • Round size: Convertible Note $1.8M–$3.7M; Equity Crowdfunding $447k–$7.7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Kroo — B-Social is a financial technology company that develops innovative services for a new generation of customers.It aims to make personal and social finances move at the speed of life. The fintech company builds an app that intuitively connects personal finances with their customers' social world, making it easy for them and their friends tobuy, track, and shares the experiences that bring them closer.Nazim Valimahomed and Tim Brown formed the company in 2016 in London, England.
  • GuestReady — Premium Airbnb Management Service for your vacation rental. Maximise your revenues and become a Superhost with GuestReady's 5* property management service.
  • Chip — Get the best savings rates brought to you and smash your savings goals automatically with Chip. Join over 400,000 savers today. We're building the best savings accounts in the world for you, with you.
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Martin Villing
Angel · 1 investments in Estonia Proptech startups

Martin Villing is the co-founder of Bolt.

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Investment focus

  • Industry: SaaS, Software, Construction
  • Stage:Pre-Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Remato — Remato is all-in-one & mobile-first platform to seamlessly manage projects, people and assets. Budget estimating & task planning, field communications & work tracking, real-time overview & automated reports.
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Triin Hertmann
Angel · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Proptech startups

Triin Hertmann is founder of Grünfin, a sustainable investment platform, angel investor (mostly in Estonia and Nordics region). She is a former COO at TransferWise and early employee of Skype.

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Investment focus

  • Industry: FinTech, Software, E-Commerce
  • Stage:Seed, Pre-Seed
  • Geography: Estonia

Investor stats

  • Total investments: 7
  • Round size: Seed $1.8M–$2.7M; Pre-Seed $143k–$531k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Yaga — Yaga is designed for everyone who wants to sell items online in a convenient and secure manner.
  • Grünfin — Grünfin is a sustainable investing platform for people who care about their impact.
  • CARÁ Health — Suun combines a midwife-powered app with studios in Tallinn and Berlin to ease pregnancy and postpartum symptoms, build strength and support you every day.
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Anthony Danon
Angel · London, England, United Kingdom · 1 investments in Estonia Proptech startups

Anthony Danon is based out of London, England, and is the Founder of Rerail. Anthony previously worked at Hedosophia as a Venture Partner. Anthony Danon attended the University of Cambridge.

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Investment focus

  • Industry: Apps, FinTech, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, France, Estonia

Investor stats

  • Total investments: 8
  • Round size: Seed $1.5M–$6.8M; Series A $6.4M–$21M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Sona — The employee 'super' app for frontline teams. Sona combines the power of modern workforce management software with an unparalleled mobile user experience.
  • TaxScouts — TaxScouts is a tax preparation platform that makes tax planning easier. It allows drawing up of personal income tax online by certified accountants and its tax bot helps users to understand their personal income tax situation and suggests ways to reduce their tax bill.Founded by Mart Abramov, Kaupo Kõrv, and Daniel Karger in 2017, TaxScouts isheadquartered in London, England.
  • Werk — Werk is building a construction labor marketplace, that matches workers internationally to any country, all while automating the paperwork and HR. Our community provides trade union benefits, globally. Think of it as a mix of Deel & LinkedIn, but for construction that disrupts the European gray economy. Werk is building a digital identity forthe workers building our homes and offices.
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Taavet Hinrikus
Angel · London, England, United Kingdom · 1 investments in Estonia Proptech startups

Taavet Hinrikus is based out of London, England and is the Partner of Plural Platform and Board Member of CoMind. Taavet previously worked at Wise as a Chairman and Co-founder. Taavet Hinrikus attended INSEAD.

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Investment focus

  • Industry: FinTech, Software, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United Kingdom, United States, Estonia

Investor stats

  • Total investments: 125
  • Round size: Seed $1M–$7.9M; Series A $7M–$47M; Series B $23M–$52M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Juro — Juro is an all-in-one contract automation platform that helps legal and business users to agree & manage contracts in one unified workspace.
  • Meatable — Meatable is a food production company that produces real and guilt-free meat. With one cell, they are revolutionizing the meat industry's impact on climate change and animal welfare. At the same time they increase food security, without compromising the culinary experience of eating tasty, real meat. They aim to satisfy the world'sappetite for meat without harming people, animals, and the planet.It was founded in 2018 and is headquartered in Delft, South Holland, The Netherlands.
  • Skeleton Technologies — Skeleton Technologies is the global leader in ultracapacitor & supercapacitor energy storage and helps companies in automotive, transportation, grid, and industry to save energy.
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Taavi Kotka
Angel · 1 investments in Estonia Proptech startups

Taavi Kotka, currently the Estonian Government CIO, has a strong background working in private sector. He started his career as a programmer, rapidly rising to be a Managing Director of the most successful software development company in the region – Nortal, former Webmedia. He is a founder of many innovative start-up companies likezeroturnaround.com, plumbr.eu etc. He has a Master of Science in Engineering from Tallinn University of Technology. Also, Taavi Kotka has many honors: he is the European CIO of the Year 2014 (by ICT Spring), he was the president of the Estonian Association of Information Technology and Telecommunications (ITL) and he was elected as an Entrepreneur of the year in 2011 (by Ernst&Young). Taavi is a board member in many ICT initiatives in Estonia and has been the brainpower behind many Estonian e-government innovative initiatives like e-residency, data embassy, no-legacy policy etc.

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Investment focus

  • Industry: Electronics, Battery, FinTech
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Estonia

Investor stats

  • Total investments: 7
  • Round size: Seed $1.9M–$4.4M; Pre-Seed $292k–$1.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
  • VOOL — VOOL is a one-stop shop for EV Charging. Experience chargers that are reliable, save money, and look damn good. Made in Estonia.
  • Introwise — Introwise makes it easy for everyday experts to offer coaching and advice online.
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BayWa r.e. Energy Ventures
VC Fund · Munich, Bayern, Germany · 1 investments in Estonia Proptech startups

BayWa r.e. Energy Ventures is a Munich based venture capital firm looking for early stage investment opportunities in the energy market all over Europe and Israel.They focus on scalable business models in the areas of digital energy solutions, storage and e-mobility. They believe the key to success is ensuring great chemistry and collaborationbetween the founders, management team and investors.As the venture capital unit of the BayWa r.e. Holding, they combine corporate stability and a deep understanding of the energy market with the entrepreneurial experience and mindset within their dedicated team.

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Investment focus

  • Industry: SaaS, Energy, Solar
  • Stage:Series B, Seed, Series A
  • Geography: Germany, Israel, Sweden

Investor stats

  • Total investments: 9
  • Round size: Seed $1.4M–$2.2M; Series B $6.6M–$16M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Pexapark — Pexapark provides software and advisory services for post-subsidy renewable energy sales and risk management.We make PPA transactions happen. -- Our advisory team has supported more than 60 PPA transactions, with a volume of over 10 GW. We manage transactions, support negotiations, source offtakers and advise M&A. We empower you to masterrenewable energy risks. -- We distil 20+ years of energy trading knowledge into user-friendly software tools that build capabilities and give you mastery over renewable energy risks.We connect and educate renewables professionals. -- With our community platform “LinkedIn for renewable energy professionals” we connect key players in the renewable energy market to accelerate the transition to a sustainable, renewable energy future.For more information please visit www.pexapark.com, or get in touch with us at togetherbetter@pexapark.com.
  • Roofit.solar — Our award-winning integrated solar roof combines Nordic design with premium materials and highly efficient solar technology.
  • Circadian Technologies GmbH — AI-driven VPP unlocking revenue for telecom towers.
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Ivo Mägi
Angel · 1 investments in Estonia Proptech startups

Ivo Mägi is the Principal Product Manager at Splunk.He attended University of Tartu.

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Investment focus

  • Industry: Software, Rental Property, Property Management
  • Stage:Angel, Pre-Seed
  • Geography: Estonia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Bidrento — One powerful platform for your entire portfolio. The leading property and tenant management software. Scale your operations and maximize your profit with Bidrento. Try it already today!
  • Introwise — Introwise makes it easy for everyday experts to offer coaching and advice online.
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Helmes
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Proptech startups

We build software to build your businessHelmes is an international software house headquartered in Tallinn, with clients across all of Europe. The long-term success of Helmes is built on lasting partnerships that bring about tangible business gains for our clients.Helmes is best known for building business critical software solutions and itsrange of services are used around the world by corporations such as 2Park Technologies, Telia, Solera Inc, Kühne+Nagel, DNB, OECD and International Energy Agency.Helmes has also developed many government provided e-services, for instance the elections info system and the e-prescription[3] system, the latter being the recipient of various quality and innovation awards.Helmes was established in 1991 and to date the company employs a workforce of over 250 people. The founder and current CEO is Jaan Pillesaar, who is also CEO of the Estonia Service Industry Association.

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Investment focus

  • Industry: Power Grid, Building Material, Natural Resources
  • Stage:Series A
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Roofit.solar — Our award-winning integrated solar roof combines Nordic design with premium materials and highly efficient solar technology.
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TrueSight Ventures
VC Fund · London, England, United Kingdom · 1 investments in Estonia Proptech startups

TrueSight Ventures is a venture capital firm investing in pre-seed and seed deals.

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Investment focus

  • Industry: Software, Financial Services, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Sweden, United States

Investor stats

  • Total investments: 70
  • Round size: Seed $655k–$7.1M; Pre-Seed $611k–$2.5M; Series A $2.5M–$16M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Querio — Querio is an AI native Business Intelligence platform that meets everyone at their technical level. From fully automated queries and visualizations, to co-pilot jupyter notebooks.
  • Swish Robotics — Embodied Intelligence for the Home
  • Applied Computing — Applied Computing delivers industrial AI to the energy industry including oil and gas, refineries, and petrochemical plants, helping critical operations harness 100% of their data and optimise in real time for safer, faster, higher-performing decisions
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Declan Kelly
Angel · Berlin, Berlin, Germany · 1 investments in Estonia Proptech startups

Founder of Foreword.vc, an early-stage micro fund backing startups throughout their initial chapters. Also advisor at Web Summit and EiR at Seedcamp. Previously covering Europe for Techstars Ventures and founding member of Web Summits venture fund, Amaranthine.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, France

Investor stats

  • Total investments: 51
  • Round size: Seed $3M–$8.5M; Pre-Seed $1.1M–$4.4M; Series A $8.8M–$76M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Clarisights — Clarisights is the leading marketing analytics platform for Enterprises on G2. Connect, visualize and explore all your marketing data in one place. From questions to insights in minutes.
  • Payable — Scale your business with our payment operations API and dashboard. Track, reconcile and make payments instantly.
  • Overwatch Research — Generate accurate in vivo study data as a part of your efficient, connected R&D.
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Gonzalo Manrique
Angel · Madrid, Madrid, Spain · 1 investments in Estonia Proptech startups

Gonzalo Manrique is Co-Founder and Co-CEO at IronHack.

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Investment focus

  • Industry: Software, Recruiting, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: France, Belgium, Estonia

Investor stats

  • Total investments: 5
  • Round size: Seed $2.3M–$3.2M; Pre-Seed $1.3M–$6.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Chift — Offer native integrations within your software. Your clients connect your software to their tools in one click. Connect easily to Accounting, POS, Invoicing, e-commerce, etc.
  • Pandas — B2B e-commerce platform connecting Asia with the +10 million of Latin America small merchants
  • Flowers-Software GmbH — Flowers Software is an organization management for digitizing, simplifying and automating recurring workflows.Flowers -Software can be used independent of company size, industry, region, and existing company structure due to its highly flexible no-code process editor.
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Indrek Kasela
Angel · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Proptech startups

Indrek Kasela - investor @ Luup Culture

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Investment focus

  • Industry: Hardware, Software, Insurance
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Estonia, United Kingdom

Investor stats

  • Total investments: 5
  • Round size: Pre-Seed $2.1M–$2.2M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • GIG-A — Open a bank account in Japan from your mobile with GIG-A. Receive salary, manage everyday spending, or transfer money with ease.
  • Supersimple — Supersimple helps SaaS companies use customer behavior data to drive decisions in product & sales.
  • ScamGuardian.AI — Providing Actionable Intelligence to Stop Scams
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Fly Ventures
VC Fund · Berlin, Berlin, Germany · 1 investments in Estonia Proptech startups

Fly is a first check VC for technical founders solving hard problems. We invest from day-zero to seed, backing founders from all over Europe.

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Investment focus

  • Industry: Software, Artificial Intelligence, Machine Learning
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Germany, United States

Investor stats

  • Total investments: 103
  • Round size: Seed $1.4M–$8.5M; Pre-Seed $1.6M–$4M; Series A $5.7M–$20M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Terramate — Terramate helps implement and maintain highly scalable Terraform projects.
  • GitGuardian — GitGuardian is a cybersecurity startup solving the issue of secrets sprawling through source code, a widespread problem that leads to some credentials ending up in compromised places or even in the public space. The company solves this issue by automating secrets detection for Application Security and Data Loss Prevention purposes.
  • TradeLink — Frictionless supply chain collaboration.
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Foundamental
VC Fund · Berlin, Berlin, Germany · 1 investments in Estonia Proptech startups

Foundamental is the first partner to exceptional founders re-creating the real world globally

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Investment focus

  • Industry: Construction, Software, Real Estate
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, India, Germany

Investor stats

  • Total investments: 105
  • Round size: Seed $1.5M–$11M; Pre-Seed $450k–$3.5M; Series A $2M–$27M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Enter — baupal seeks to democratize sustainable and customized architecture, making design, energy assessments, permitting and cost evaluations more accessible and straightforward for private builders and smaller construction projects. baupal is an online building application service that takes advantage of digital processes and efficient team structuresto streamline design, planning and permitting processes for a range of small-scale projects.baupal was established in December, 2020 in Berlin, Germany.
  • Lun — Your all-in-one heat pump platform. Streamline system design, lead qualification, scheduling, quoting and much more.
  • Adaptive Real Estate — Experience a stress-free back office for less than what you pay for dumpsters.
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TMT Investments
VC Fund · St. Helier, NA - Jersey, Jersey · 1 investments in Estonia Proptech startups

TMT Investments PLC invests in high-growth technology companies across a number of core specialist sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has invested in over 65 companies to date. The Company’s objective is to generate an attractive rate of return for shareholders,predominantly through capital appreciation. The Company is traded on the AIM market of the London Stock Exchange. www.tmtinvestments.com.

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Investment focus

  • Industry: Software, SaaS, Social Media
  • Stage:Seed, Series A
  • Geography: United States, Estonia, United Kingdom

Investor stats

  • Total investments: 103
  • Round size: Seed $250k–$5M; Series A $1.5M–$10M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $60M in 2017

Portfolio highlights

  • Enty — Fully online company setup with built-in accounting, invoicing, and expert support. Enty keeps your business compliant and running smoothly from day one.
  • Global Work — Explore 500k+ verified remote, hybrid, and local jobs worldwide. Find your ideal role, compare opportunities, and apply on globalwork.ai!
  • Mobilo Card — Share your contact details with a tap. The best digital business card for teams. This is a real business card, no app. The best and cheapest digital business card.
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Magnus Hiie
Angel · 1 investments in Estonia Proptech startups

Magnus Hiie - Member @ Founders Pledge

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Investment focus

  • Industry: SaaS, Software, Construction
  • Stage:Pre-Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Remato — Remato is all-in-one & mobile-first platform to seamlessly manage projects, people and assets. Budget estimating & task planning, field communications & work tracking, real-time overview & automated reports.
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Passion Capital
VC Fund · London, England, United Kingdom · 1 investments in Estonia Proptech startups

Passion Capital is a partnership of entrepreneurs and operators who are applying our experiences to helping founders and early-stage teams build great digital media/technology companies. We are committed to fostering an ecosystem of technology, collaboration and executional excellence in Europe, and we believe that the criticaldifferentiator and key asset of a successful business is the passion and ability of its founders. We take pride in the calibre and success of all of our founders and teams including but nowhere near limited to GoCardless, Tray.io, Mendeley, Digital Shadows, Adzuna, Smarkets, Ravelin, Tide, Marshmallow, Butternut Box, PolyAI, Lendable and Monzo Bank

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 168
  • Round size: Seed $573k–$6.5M; Series A $2.3M–$14M; Series B $6.3M–$40M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Lassie — Lassie is the first proactive and preventive pet insurance company that wants to help pet owners take better care of their pets
  • Secondmind — Helping automotive engineers design better cars, faster.
  • Sequence — Dynamic billing and collections to scale your B2B Company from seed to IPO
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Toomas Bergmann
Angel · 1 investments in Estonia Proptech startups

Toomas Bergmann

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Investment focus

  • Industry: Hardware, Mobile Apps, Construction
  • Stage:Seed, Angel
  • Geography: Estonia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • GScan — Cosmic-ray based solutions for 3D imaging. GScan redefines the boundaries of 3D scanning with Muon Flux Technology (MFT) detectors. Unparalleled quality, safety, ease-of-use. Scan anything. Detect everything.
  • Bolt — The smartest way to move around in cities. Forget expensive taxi rides or slow public transport. Get a ride in minutes. Download the Bolt app for iOS and Android.
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