# Top 50 Real Estate Startup Investors in Estonia in June 2026 ## Zenith Family Office - Type: VC Fund - Relevant deals: 4 - Stages: Pre-Seed - Focus: SaaS, Commercial Real Estate, B2B Independent wealth management company devoted to handling the investments and personal needs of wealthy individuals ## Lemonade Stand - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 3 - Stages: Seed, Pre-Seed - Focus: Software, Artificial Intelligence, FinTech 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. ## Thorgate Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 3 - Stages: Seed, Pre-Seed, Series A - Focus: Software, SaaS, FinTech We invest both capital and our know-how into startups. Join us and let's change the world ## Tera Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 3 - Stages: Seed, Series A, Pre-Seed - Focus: Software, E-Commerce, Artificial Intelligence Tera Ventures is an international investment firm based in Estonia. ## Sten Tamkivi - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Artificial Intelligence, Manufacturing 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. ## Timo Rein - Type: Angel - Location: New York, New York, United States - Relevant deals: 2 - Stages: Seed, Angel, Convertible Note - Focus: Software, Recruiting, Human Resources Timo Rein - Co-Founder @ Pipedrive ## Spring Capital - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Software, SaaS, E-Commerce 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. ## Martin Tajur - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Pre-Seed, Seed, Angel - Focus: Software, SaaS, Recruiting Martin Tajur is the co-founder of Pipedrive. ## Sunly - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Solar, CleanTech, Rental 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. ## Superangel - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Artificial Intelligence, Software, Information Technology Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io ## Markus Villig - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Pre-Seed, Angel - Focus: Software, Information Technology, FinTech Markus Villig is founder and CEO of Taxify. He attended University of Tartu. ## Peep Vain - Type: Angel - Relevant deals: 2 - Stages: Seed, Angel - Focus: Software, Genetics, Recruiting Peep Vain is the Private Investor at Vain and Partners. He attended Bentley University. ## Contrarian Ventures - Type: VC Fund - Location: Vilnius, Vilniaus Apskritis, Lithuania - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Renewable Energy, Energy We are a hands-on, community-focused and founders vetted early-stage sustainable energy transition focused VC in Europe & Israel ## Iron Wolf Capital - Type: VC Fund - Location: Vilnius, Vilniaus Apskritis, Lithuania - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Information Technology, SaaS 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. ## Passion Capital - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: Software, FinTech, Financial Services 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 ## Anthony Danon - Type: Angel - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed, Series A, Pre-Seed - Focus: Apps, FinTech, Software 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. ## Priit Piilmann - Type: Angel - Relevant deals: 1 - Stages: Series A - Focus: Power Grid, Building Material, Natural Resources Priit Piilmann ## Ivo Mägi - Type: Angel - Relevant deals: 1 - Stages: Angel, Pre-Seed - Focus: Software, Rental Property, Property Management Ivo Mägi is the Principal Product Manager at Splunk.He attended University of Tartu. ## Oliver Ahlberg - Type: Angel - Relevant deals: 1 - Stages: Seed, Angel - Focus: Software, Information Technology, Artificial Intelligence 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. ## Amalfi Capital - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 1 - Stages: Seed, Series A - Focus: Beauty, Battery, Medical International Technology Investment Fund ## Carmen Alfonso Rico - Type: Angel - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Pre-Seed, Seed - Focus: Software, Information Technology, Gaming 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. ## Foundamental - Type: VC Fund - Location: Berlin, Berlin, Germany - Relevant deals: 1 - Stages: Seed, Series A, Pre-Seed - Focus: Construction, Software, Real Estate Foundamental is the first partner to exceptional founders re-creating the real world globally ## Pontos Group - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 1 - Focus: Genetics, Hospital, Automotive Pontos is a family owned Finnish private equity and real estate investment company operating in Finland, the Baltic States, and Portugal. ## Magnus Hiie - Type: Angel - Relevant deals: 1 - Stages: Pre-Seed - Focus: SaaS, Software, Construction Magnus Hiie - Member @ Founders Pledge ## Martin Villing - Type: Angel - Relevant deals: 1 - Stages: Pre-Seed - Focus: SaaS, Software, Construction Martin Villing is the co-founder of Bolt. ## Declan Kelly - Type: Angel - Location: Berlin, Berlin, Germany - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Information Technology, FinTech 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. ## Gorilla Capital - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 1 - Stages: Pre-Seed, Seed, Series A - Focus: Software, SaaS, Information Technology Gorilla Capital helps ambitious startups grow with smart funding and support. Discover how our team invests in early-stage companies. ## Sillever OÜ - Type: VC Fund - Relevant deals: 1 - Stages: Seed - Focus: Hardware, Construction, Machine Learning Sillever OÜ operates as an investment firm. ## Triin Hertmann - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: FinTech, Software, E-Commerce 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. ## Hansa Group - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Seed - Focus: Hardware, Construction, Machine Learning Maailm liigub - The world is moving ## EdgeCap Partners - Type: VC Fund - Relevant deals: 1 - Stages: Series A - Focus: Power Grid, Building Material, Natural Resources EdgeCap Partners focuses on private and venture capital investments. ## Change Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Information Technology, Apps We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world. ## Indrek Kasela - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Seed, Angel, Pre-Seed - Focus: Hardware, Software, Insurance Indrek Kasela - investor @ Luup Culture ## Verve Ventures - Type: VC Fund - Location: Zug, Zug, Switzerland - Relevant deals: 1 - Stages: Series A, Seed, Series B - Focus: Health Care, Software, Biotechnology Verve Ventures has invested in more than 140 science and technology startups. We support visionary and resilient entrepreneurs from day one and are a reliable partner for the entire journey. We typically invest EUR 1-3m in early as well as later stage rounds of European high tech startups. ## Toomas Bergmann - Type: Angel - Relevant deals: 1 - Stages: Seed, Angel - Focus: Hardware, Mobile Apps, Construction Toomas Bergmann ## Gonzalo Manrique - Type: Angel - Location: Madrid, Madrid, Spain - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Software, Recruiting, Information Technology Gonzalo Manrique is Co-Founder and Co-CEO at IronHack. ## PKO BP - Type: VC Fund - Location: Warszawa, Mazowieckie, Poland - Relevant deals: 1 - Stages: Seed, Series A, Debt Financing - Focus: Software, SaaS, Gaming 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. ## TMT Investments - Type: VC Fund - Location: St. Helier, NA - Jersey, Jersey - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, SaaS, Social Media 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. ## Helmes - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Series A - Focus: Power Grid, Building Material, Natural Resources 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. ## Eneco Ventures - Type: VC Fund - Location: Rotterdam, Zuid-Holland, The Netherlands - Relevant deals: 1 - Stages: Seed, Series A - Focus: Energy, Renewable Energy, Software Eneco Ventures, the investment arm of Netherlands-based energy innovator, Eneco. ## Matteo Gamba - Type: Angel - Location: Berlin, Berlin, Germany - Relevant deals: 1 - Stages: Equity Crowdfunding, Convertible Note, Series A - Focus: FinTech, Financial Services, Banking 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. ## Martin Henk - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Pre-Seed, Seed, Angel - Focus: Software, SaaS, Information Technology Martin Henk is the Co-founder of Pipedrive. ## Urmas Purde - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Angel - Focus: Software, Recruiting, Human Resources Co-Founder of Pipedrive. ## Foreword Fund - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, FinTech, Information Technology 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. ## TrueSight Ventures - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Financial Services, Artificial Intelligence TrueSight Ventures is a venture capital firm investing in pre-seed and seed deals. ## Fly Ventures - Type: VC Fund - Location: Berlin, Berlin, Germany - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Artificial Intelligence, Machine Learning 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. ## Constructive Venture Fund - Type: VC Fund - Location: Zürich, Zurich, Switzerland - Relevant deals: 1 - Stages: Series A, Series B, Seed - Focus: Real Estate, SaaS, Analytics 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 ## Taavi Kotka - Type: Angel - Relevant deals: 1 - Stages: Pre-Seed, Seed, Angel - Focus: Electronics, Battery, FinTech 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. ## Taavet Hinrikus - Type: Angel - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: FinTech, Software, Financial Services 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. ## BayWa r.e. Energy Ventures - Type: VC Fund - Location: Munich, Bayern, Germany - Relevant deals: 1 - Stages: Series B, Seed, Series A - Focus: SaaS, Energy, Solar 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.