# Top 50 Proptech Startup Investors in Estonia in June 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Zenith Family Office | 4 | Estonia, United States | Pre-Seed | SaaS, Commercial Real Estate, B2B |
| Lemonade Stand | 3 | Estonia, Lithuania, India | Seed, Pre-Seed | Software, Artificial Intelligence, FinTech |
| Tera Ventures | 3 | Estonia, United States, United Kingdom | Seed, Series A, Pre-Seed | Software, E-Commerce, Artificial Intelligence |
| Pinto Ventures | 3 | United Kingdom, Estonia, Germany | Pre-Seed, Seed, Angel | FinTech, Financial Services, Finance |
| Thorgate Ventures | 3 | Estonia, United Kingdom, Norway | Seed, Pre-Seed, Series A | Software, SaaS, FinTech |
| Sten Tamkivi | 2 | Estonia, United States, United Kingdom | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, Manufacturing |
| Peep Vain | 2 | Estonia | Seed, Angel | Software, Genetics, Recruiting |
| Contrarian Ventures | 2 | Lithuania, United Kingdom, France | Seed, Series A, Pre-Seed | Software, Renewable Energy, Energy |
| Spring Capital | 2 | Estonia, Finland, United States | Seed, Pre-Seed, Series A | Software, SaaS, E-Commerce |
| Sunly | 2 | Estonia, France, Finland | Seed, Pre-Seed | Solar, CleanTech, Rental |
| Markus Villig | 2 | Estonia, United States, United Kingdom | Seed, Pre-Seed, Angel | Software, Information Technology, FinTech |
| Superangel | 2 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, Information Technology |
| Timo Rein | 2 | Estonia, Finland, United Kingdom | Seed, Angel, Convertible Note | Software, Recruiting, Human Resources |
| Iron Wolf Capital | 2 | Lithuania, Estonia, United Kingdom | Seed, Series A, Pre-Seed | Software, Information Technology, SaaS |
| Martin Tajur | 2 | Estonia, Poland, Ukraine | Pre-Seed, Seed, Angel | Software, SaaS, Recruiting |
| Hansa Group | 1 | Estonia | Seed | Hardware, Construction, Machine Learning |
| Taavi Kotka | 1 | Estonia | Pre-Seed, Seed, Angel | Electronics, Battery, FinTech |
| Helmes | 1 | Estonia | Series A | Power Grid, Building Material, Natural Resources |
| Gonzalo Manrique | 1 | France, Belgium, Estonia | Seed, Pre-Seed | Software, Recruiting, Information Technology |
| Fly Ventures | 1 | United Kingdom, Germany, United States | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, Machine Learning |
| Foundamental | 1 | United States, India, Germany | Seed, Series A, Pre-Seed | Construction, Software, Real Estate |
| TMT Investments | 1 | United States, Estonia, United Kingdom | Seed, Series A | Software, SaaS, Social Media |
| Passion Capital | 1 | United Kingdom, United States, Germany | Seed, Series A, Series B | Software, FinTech, Financial Services |
| TrueSight Ventures | 1 | United Kingdom, Sweden, United States | Seed, Pre-Seed, Series A | Software, Financial Services, Artificial Intelligence |
| Declan Kelly | 1 | United States, United Kingdom, France | Seed, Pre-Seed, Series A | Software, Information Technology, FinTech |
| Indrek Kasela | 1 | Estonia, Japan, United Kingdom | Seed, Pre-Seed, Angel | Software, Information Technology, B2B |
| Toomas Bergmann | 1 | Estonia | Seed, Angel | Hardware, Mobile Apps, Construction |
| Andreas Klinger | 1 | United States, United Kingdom, India | Seed, Pre-Seed, Series A | Software, Information Technology, SaaS |
| Urmas Purde | 1 | Estonia | Angel | Software, Recruiting, Human Resources |
| Sillever OÜ | 1 | Estonia | Seed | Hardware, Construction, Machine Learning |
| Amalfi Capital | 1 | Estonia, Finland, Ireland | Seed, Series A | Beauty, Battery, Medical |
| Eneco Ventures | 1 | The Netherlands, Germany, Belgium | Seed, Series A | Energy, Renewable Energy, Software |
| Carmen Alfonso Rico | 1 | United Kingdom, Sweden, Estonia | Pre-Seed, Seed | Software, Information Technology, Gaming |
| Foreword Fund | 1 | United Kingdom, United States, Germany | Seed, Pre-Seed, Series A | Software, FinTech, Information Technology |
| Change Ventures | 1 | Estonia, Latvia, Lithuania | Seed, Pre-Seed, Series A | Software, Information Technology, Apps |
| Constructive Venture Fund | 1 | Switzerland, France, Sweden | Series A, Series B, Seed | Real Estate, SaaS, Analytics |
| GFC Rocket Internet | 1 | Brazil, Canada, Estonia | Seed, Angel, Series A | FinTech, Software, Financial Services |
| Matteo Gamba | 1 | United Kingdom, Italy, Estonia | Equity Crowdfunding, Convertible Note, Series A | FinTech, Financial Services, Banking |
| Martin Villing | 1 | Estonia | Pre-Seed | SaaS, Software, Construction |
| Triin Hertmann | 1 | Estonia | Seed, Pre-Seed | FinTech, Software, E-Commerce |
| Martin Henk | 1 | Estonia, United States, United Kingdom | Pre-Seed, Seed, Angel | Software, SaaS, Information Technology |
| Gorilla Capital | 1 | Finland, Sweden, Estonia | Pre-Seed, Seed, Series A | Software, SaaS, Information Technology |
| Anthony Danon | 1 | United Kingdom, France, Estonia | Seed, Series A, Pre-Seed | FinTech, Financial Services, Apps |
| Taavet Hinrikus | 1 | United Kingdom, United States, Estonia | Seed, Series A, Series B | FinTech, Software, Financial Services |
| BayWa r.e. Energy Ventures | 1 | Germany, Israel, Sweden | Series B, Seed, Series A | SaaS, Energy, Solar |
| Ivo Mägi | 1 | Estonia | Angel, Pre-Seed | Software, Rental Property, Property Management |
| Verve Ventures | 1 | Switzerland, Germany, France | Series A, Seed, Series B | Health Care, Software, Biotechnology |
| Magnus Hiie | 1 | Estonia | Pre-Seed | SaaS, Software, Construction |
| Priit Piilmann | 1 | Estonia | Series A | Power Grid, Building Material, Natural Resources |
| EdgeCap Partners | 1 | Estonia | Series A | Power Grid, Building Material, Natural Resources |

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