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Top 40 Real Estate VC Funds & Investors in Estonia (October 2026)

The most active venture capital funds investing in Estonia Real Estate startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Estonia Real Estate 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
5 Estonia, United States Pre-Seed, Seed, Venture - Series Unknown 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–$3.9M
Tera Ventures
VC Fund
3 Estonia, United States, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, FinTech $120k–$14M
Speedinvest
VC Fund
3 United Kingdom, Germany, Austria Seed, Series A, Pre-Seed Software, FinTech, Artificial Intelligence $411k–$33M
Lemonade Stand
VC Fund
3 Estonia, Lithuania, India Seed, Pre-Seed, Venture - Series Unknown Software, Artificial Intelligence, SaaS $251k–$3M
Spring Capital
VC Fund
2 Estonia, Finland, United States Seed, Pre-Seed, Series A Software, SaaS, E-Commerce $426k–$9.1M
BayWa r.e. Energy Ventures
VC Fund
2 Germany, Israel, Sweden Series B, Seed, Series A SaaS, Solar, Energy $1.3M–$18M
TrueSight Ventures
VC Fund
2 United Kingdom, Sweden, United States Seed, Pre-Seed, Series A Artificial Intelligence, Software, FinTech $530k–$15M
Iron Wolf Capital
VC Fund
2 Lithuania, Estonia, United Kingdom Seed, Series A, Pre-Seed Software, Information Technology, SaaS $120k–$7.3M
EdgeCap Partners
VC Fund
2 Estonia Series A, Venture - Series Unknown Solar, Manufacturing, Building Material
Superangel
VC Fund
2 Estonia, United States, Finland Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $170k–$20M
Contrarian Ventures
VC Fund
2 Lithuania, United Kingdom, France Seed, Series A, Pre-Seed Software, Renewable Energy, Energy $55k–$23M
Sunly
VC Fund
2 Estonia, France, Finland Seed, Pre-Seed, Series A Solar, CleanTech, Rental $332k–$4.3M
TMT Investments
VC Fund
1 United States, United Kingdom, Estonia Seed, Series A, Series B Software, SaaS, Social Media $300k–$35M
Foundamental
VC Fund
1 United States, India, Germany Seed, Series A, Pre-Seed Construction, Software, Real Estate $533k–$26M
Pinto Ventures
VC Fund
1 United Kingdom, Estonia, Germany Seed, Pre-Seed, Angel FinTech, Financial Services, Software $295k–$1.8M
PKO BP
VC Fund
1 Poland, Cyprus, Denmark Debt Financing, Seed, Post-IPO Debt E-Commerce, Financial Services, SaaS $990k–$1.6B
Constructive Venture Fund
VC Fund
1 Switzerland, France, Germany Series A, Seed, Series B Real Estate, SaaS, Analytics $2.4M–$36M
Helmes
VC Fund
1 Estonia Series A Solar, Manufacturing, Building Material
Gorilla Capital
VC Fund
1 Finland, Sweden, Estonia Pre-Seed, Seed, Venture - Series Unknown Software, Information Technology, SaaS $149k–$2.1M
Passion Capital
VC Fund
1 United Kingdom, United States, Germany Seed, Series A, Series B Software, FinTech, Financial Services $600k–$85M
Eneco Ventures
VC Fund
1 The Netherlands, Germany, Belgium Seed, Series A Energy, Renewable Energy, Software $660k–$11M
Amalfi Capital
VC Fund
1 Australia, Estonia, United States Venture - Series Unknown, Seed, Series A Financial Services, Advice, Software $975k–$15M
Hansa Group
VC Fund
1 Estonia Seed Hardware, Construction, Civil Engineering
Fly Ventures
VC Fund
1 United Kingdom, Germany, United States Seed, Pre-Seed, Series A Artificial Intelligence, Software, Machine Learning $1.5M–$20M
Foreword Fund
VC Fund
1 United Kingdom, United States, Germany Seed, Pre-Seed, Series A Software, FinTech, Financial Services $1.3M–$13M
Summus Venture Capital
VC Fund
1 Israel, Estonia Seed, Venture - Series Unknown B2B, SaaS, Rental
Sillever OÜ
VC Fund
1 Estonia Seed Hardware, Construction, Civil Engineering
Lifull
VC Fund
1 Japan, Estonia, Singapore Corporate Round, Seed, Venture - Series Unknown Content, Software, E-Commerce $538k–$5.8M
blackprint
VC Fund
1 Germany, Estonia Pre-Seed, Venture - Series Unknown Software, Real Estate, Property Management $53k–$410k
Startup Spaze
VC Fund
1 Singapore, Estonia Seed Video, FinTech, Lending $62k–$69k
Caucasus Ventures
VC Fund
1 United States, Estonia, Georgia Seed, Pre-Seed, Series B Artificial Intelligence, Software, SaaS $50k–$2.5M
Change Ventures
VC Fund
1 Estonia, Latvia, Lithuania Seed, Pre-Seed, Series A Software, Information Technology, Apps $273k–$39M
Prototron
VC Fund
1 Estonia, Finland, Germany Pre-Seed, Grant, Seed Software, Manufacturing, Energy $4k–$66k
CVI Dom Maklerski Sp. Z O.O.
VC Fund
1 Poland, Estonia, Romania Debt Financing, Private Equity Real Estate, Lending, Delivery $2.9M–$29M
Verve Ventures
VC Fund
1 Switzerland, Germany, France Seed, Series A, Series B Software, Health Care, Biotechnology $1.2M–$45M
Pontos Group
VC Fund
1 Finland, Estonia Venture - Series Unknown, Seed Apps, Mobile, Content $6.3M–$16M
Antler
VC Fund
1 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
ZAKA VC
VC Fund
1 United States, United Kingdom, Estonia Seed, Pre-Seed, Venture - Series Unknown Artificial Intelligence, Biotechnology, Software $250k–$10M
J&T IB and Capital Markets
VC Fund
1 Estonia Series A FinTech, Marketplace, Real Estate
Access all 31 VC funds in Estonia Real Estate startups.

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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 · 5 investments in Estonia Real Estate 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, Seed, Venture - Series Unknown
  • Geography: Estonia, United States

Investor stats

  • Total investments: 6
  • Round size: Pre-Seed $27k–$549k
  • Lead/follow: 33% lead, 67% 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 Real Estate 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: 25
  • Round size: Seed $22k–$2.4M; Pre-Seed $23k–$664k; Series A $2.1M–$3.9M
  • Lead/follow: 32% lead, 68% 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 connects to 2,300+ European banks, syncs your transactions automatically and sorts them into budgets. On iOS and Android.
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Tera Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Estonia Real Estate startups

Tera Ventures is an international investment firm based in Estonia.

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Investment focus

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

Investor stats

  • Total investments: 71
  • Round size: Seed $600k–$3.8M; Pre-Seed $120k–$2.2M; Series A $1.6M–$14M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • BlackWall — Protect your web site from hacking, content theft, crawling, and cloning!
  • Cino — Cino automatically deducts everyone's share from their bank accounts. Create groups with whom you want to share bills, set your ratio split & stop fronting costs!
  • Flowstep — Flowstep is a copilot that helps you create better designs, 10x faster. Just type and get user flows, high-fidelity UI, JTBD and more.
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Speedinvest
VC Fund · Vienna, Wien, Austria · 3 investments in Estonia Real Estate startups

Speedinvest is a globally active European venture capital firm built on a simple belief: many move more. From six offices across EMEA, our sector-focused investment teams back relentless founders from pre–Seed to Growth with long-term conviction, providing day-one access to our global network of corporate customers, experts, industry leaders, andtop-tier follow-on investors to scale smarter and faster. Building lasting companies like Bitpanda (Austria), Moove (Nigeria), Gigs (U.S.), Tide (UK), ARX Robotics (Germany), Wayflyer (Ireland), GoStudent (Austria), Seqera Labs (Spain), and Cylib (Germany) — together. Big ideas may start with one. But scaling and winning take The Power of More.

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Investment focus

  • Industry: Software, FinTech, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, Germany, Austria

Investor stats

  • Total investments: 674
  • Round size: Seed $797k–$7.9M; Pre-Seed $411k–$3.8M; Series A $4.1M–$33M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $372M in 2022

Portfolio highlights

  • Findery — Find and leave notes anywhere in the world, discover local knowledge, hidden secrets, and exciting stories. Share your travel knowledge, geoblog, or local news!
  • GAMINSIDE — GAMINSIDE revolutionizes your relationship with your customers. As European full service provider, we deliver the complete package with solutions, services and software for gamified loyalty that is tailor-made and unique to your products, brands and customers. Integrate the best ideas from gamification and customer loyalty in your business areato exceed your commercial targets with GAMINSIDE.
  • Polaron — Material Design. Supercharged with AI.
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Lemonade Stand
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Estonia Real Estate 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, SaaS
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Estonia, Lithuania, India

Investor stats

  • Total investments: 44
  • Round size: Seed $1M–$3M; Pre-Seed $251k–$2.3M; Venture - Series Unknown $302k–$814k
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Esgrid — Esgrid provides value-chain sustainability management solutions to medium-sized businesses and financial institutions.
  • Soldera — Soldera is unifying energy certificate registries. We give corporate energy buyers, sustainability teams, procurement teams, utilities, and traders one infrastructure layer across fragmented registries so they can procure, manage, and cancel renewable energy certificates with far less manual work.The platform combines aggregated procurement fromthousands of utilities with cleaner registry execution and audit-ready, government-backed cancellation statements traceable to the generating machine. That makes renewable energy certificate management easier to run, easier to evidence, and easier to scale across markets.
  • Blackswan Space — for satellite integrators and operators to enable the next step in in-orbit capabilities
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Spring Capital
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Real Estate 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: 26
  • Round size: Seed $426k–$2.5M; Pre-Seed $500k–$2.5M; Series A $7.4M–$9.1M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $7.4M 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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BayWa r.e. Energy Ventures
VC Fund · Munich, Bayern, Germany · 2 investments in Estonia Real Estate 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, Solar, Energy
  • Stage:Series B, Seed, Series A
  • Geography: Germany, Israel, Sweden

Investor stats

  • Total investments: 10
  • Round size: Seed $1.3M–$2.3M; Series B $6.8M–$18M
  • Lead/follow: 70% lead, 30% 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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TrueSight Ventures
VC Fund · London, England, United Kingdom · 2 investments in Estonia Real Estate startups

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

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Investment focus

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

Investor stats

  • Total investments: 89
  • Round size: Seed $668k–$7M; Pre-Seed $530k–$2.5M; Series A $8M–$15M
  • Lead/follow: 2% lead, 98% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Navifare — Navifare is an AI-powered travel price optimization and metasearch platform that focuses on flight, hotel, and car rental price comparison. The platform analyzes flight offers users already found and searches for lower fares from online travel agencies and airlines. Users can upload screenshots, paste flight details, or use a Chrome extension thatoverlays a “Find Better Fare” button on major booking sites. Navifare exposes its price discovery capabilities via a web app, a REST API, and an MCP server for integration into AI assistants. It redirects users to partner sites to complete bookings and does not handle payments directly.
  • Zerolook — Zerolook provides a flight-shopping API for online travel agencies, airlines, metasearch services, and AI travel applications. Its machine-learning model predicts flight prices and itineraries using historical fare data instead of recomputing every fare combination through a global distribution system or airline system. The API returns predicteditineraries, prices, and confidence scores for exploratory search, while customers route completed bookings through their existing distribution channels. Zerolook supports REST and MCP integrations and provides booking links to external airlines and online travel agencies.
  • Artificial Labs — Artificial connects brokers and insurers across the specialty market. Underwriting technology and placement tools to move risk faster, with less in the way.
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Iron Wolf Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Estonia Real Estate startups, 7 in the past 12 months

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: 46
  • Round size: Seed $336k–$2.6M; Pre-Seed $120k–$1M; Series A $3.2M–$7.3M
  • Lead/follow: 61% lead, 39% follow
  • Last fund: Likely still investing — raised $77M in 2023

Portfolio highlights

  • Vegvisir — Revolutionising battlefield capabilities with XR technologies. Situational awareness & enchanced decision making for manned vehicles, remote platforms and command stations.
  • PDKinematics — PDKINEMATICS builds precision guidance systems for the UAV era.
  • Blackswan Space — for satellite integrators and operators to enable the next step in in-orbit capabilities
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EdgeCap Partners
VC Fund · 2 investments in Estonia Real Estate startups

EdgeCap Partners focuses on private and venture capital investments.

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Investment focus

  • Industry: Solar, Manufacturing, Building Material
  • Stage:Series A, Venture - Series Unknown
  • Geography: Estonia

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% 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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Access 48,091 investors

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

Browse database — It's Free!
Superangel
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Real Estate 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: 82
  • Round size: Seed $800k–$6.2M; Pre-Seed $170k–$1.6M; Series A $5.6M–$20M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $32M in 2022

Portfolio highlights

  • OTee — OTee's Industrial Automation platform makes it possible to create and manage industrial-grade virtual control systems, based on open standards and architecture!
  • Spiral Hydrogen — All-in-one, bubble-free centrifugal electrolyzer with an embedded axial flux generator that sets a new standard in efficiency and simplicity.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
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Contrarian Ventures
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Estonia Real Estate 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: 56
  • Round size: Seed $286k–$10M; Pre-Seed $55k–$4M; Series A $1.7M–$23M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — raised $102M in 2022

Portfolio highlights

  • Inion software — EMS, Power Plant Control and Cybersecurity solutions for solar, wind and battery storage projects.Discover our performance-boosting monitoring systems. It
  • Decade Energy — Decade Energy is the energy infrastructure and optimization partner for transport operators and depot managers who want to electrify their fleets.
  • Delfos Energy — Why did it Fail? Avoid unexpected failures across your assetsReduce the risk of unexpected failuresmoreOptimize Maintenance Windowsmoreretain and scale up operational knowledgemoreplatform real time monitoring, analysis and predictions for renewable energy and oil&gas assetsVIEW OUR APPLICATIONS customer and partnerssee what our customers say about our solutions TestimonialsYour failure prediction alarm, helped us avoid an
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Sunly
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Real Estate 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, Series A
  • Geography: Estonia, France, Finland

Investor stats

  • Total investments: 10
  • Round size: Seed $554k–$4.3M; Pre-Seed $332k–$543k
  • 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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TMT Investments
VC Fund · St. Helier, NA - Jersey, Jersey · 1 investments in Estonia Real Estate 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, Series B
  • Geography: United States, United Kingdom, Estonia

Investor stats

  • Total investments: 117
  • Round size: Seed $300k–$5M; Series A $1.5M–$11M; Series B $1.7M–$35M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $60M in 2017

Portfolio highlights

  • Backblaze — Backblaze is a pioneer in robust, scalable low cost cloud backup and storage services. Personal online backup to enterprise scale data storage solutions.
  • Rhino — First-class armored rides
  • Global Work — Explore 500k+ verified remote, hybrid, and local jobs worldwide. Find your ideal role, compare opportunities, and apply on globalwork.ai!
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Foundamental
VC Fund · Berlin, Berlin, Germany · 1 investments in Estonia Real Estate 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: 115
  • Round size: Seed $1.5M–$11M; Pre-Seed $533k–$3.5M; Series A $3.8M–$26M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: Likely still investing — raised $85M in 2022

Portfolio highlights

  • Rayon — Built for Speed. Designed for Teams.
  • Faktus — Le partenaire financier de vos chantiers publics. Le financement de BFR rapide et accessible pour les entreprises du bâtiment
  • Kuro Technology — Kuro is the AI ​​foundation for general contractors.
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Pinto Ventures
VC Fund · Zug, Zug, Switzerland · 1 investments in Estonia Real Estate 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, Software
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United Kingdom, Estonia, Germany

Investor stats

  • Total investments: 16
  • Round size: Seed $295k–$1.8M; Angel $1M–$1.4M
  • Lead/follow: 44% lead, 56% 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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PKO BP
VC Fund · Warszawa, Mazowieckie, Poland · 1 investments in Estonia Real Estate startups, 7 in the past 12 months

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: E-Commerce, Financial Services, SaaS
  • Stage:Debt Financing, Seed, Post-IPO Debt
  • Geography: Poland, Cyprus, Denmark

Investor stats

  • Total investments: 14
  • Round size: Seed $990k–$2.6M; Post-IPO Debt $56M–$1.6B; Debt Financing $48M–$399M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Allegro — Allegro provides a safe shopping platform for a computer, tablet, and smartphone. It owns and operates online auction portals. The company is based in Poznan, Poland. Allegro Group operates as a subsidiary of MIH Internet Europe.
  • CLIP Group — CLIP Group is a logistics group that provides warehousing, intermodal rail and road transport, contract logistics and related services. The company operates intermodal terminals and freight hubs that handle containers, trailers and heavy vehicles for international supply chains. CLIP Group offers logistics services such as storage, handling, railconnections, and road transport for industrial and commercial customers. It develops and manages production and warehouse space for lease near its terminals. The group also designs and introduces rolling stock solutions such as the LAADOS wagon for transporting tractor units, buses and military vehicles.
  • Unibaltic Shipping — Unibaltic Shipping Ltd. transports petroleum and chemical cargoes by sea, managing a fleet for liquid cargo across European ports.
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Constructive Venture Fund
VC Fund · Zürich, Zurich, Switzerland · 1 investments in Estonia Real Estate 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, Seed, Series B
  • Geography: Switzerland, France, Germany

Investor stats

  • Total investments: 14
  • Round size: Seed $2.4M–$3M; Series A $3.3M–$11M; Series B $3.1M–$36M
  • Lead/follow: 7% lead, 93% 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.
  • Veesion — Veesion: AI-driven smart video surveillance. Detect theft in real time. Protect your business now.
  • Erste Hausverwaltung GmbH — Die Erste Hausverwaltung GmbH ist Ihr professioneller Immobilienpartner in vor Ort #Hausverwaltung #Makler #Hausmeister
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Helmes
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Real Estate 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: Solar, Manufacturing, Building Material
  • 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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Gorilla Capital
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Estonia Real Estate 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, Information Technology, SaaS
  • Stage:Pre-Seed, Seed, Venture - Series Unknown
  • Geography: Finland, Sweden, Estonia

Investor stats

  • Total investments: 79
  • Round size: Seed $294k–$1.5M; Pre-Seed $149k–$680k; Venture - Series Unknown $1.1M–$2.1M
  • Lead/follow: 66% lead, 34% follow
  • Last fund: Likely actively investing — fresh fund, raised $49M in 2025

Portfolio highlights

  • Munchi — Munchi allows restaurants to manage all orders, payments and loyalty in one platform with the power of AI.
  • Amplifiles — Amplifiles is a PropTech startup that turns real estate listing photos into fully branded, high-quality videos in minute, no filming or editing required. Our video engine helps agents, photographers, and marketplaces boost engagement, generate more leads, and unlock new revenue streams.
  • Nordic Information Control — Inventering och klassificering av information, automatiskt med Nordic Information Control Platform. Automatic Regulatory compliance.
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Passion Capital
VC Fund · London, England, United Kingdom · 1 investments in Estonia Real Estate startups, 11 in the past 12 months

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: 188
  • Round size: Seed $600k–$6.5M; Series A $2.3M–$14M; Series B $5M–$85M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely actively investing — fresh fund, raised $52M in 2025

Portfolio highlights

  • geoSurge — Customers don't search. They ask.
  • Marble — Marble is an opensource, real time fraud and compliance automation engine designed for fintechs and financial institutions.
  • Backbone — AI platform for food & beverage quality teams. Connects standards, audits, supplier data, and customer requirements into one live picture. Automates the admin. Routes the right intelligence to the right person. Faster decisions, fewer blind spots.
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Eneco Ventures
VC Fund · Rotterdam, Zuid-Holland, The Netherlands · 1 investments in Estonia Real Estate 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: 28
  • Round size: Seed $660k–$3.8M; Series A $1.2M–$11M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • suena — We are revolutionizing the way energy storage and renewables are integrated into power trading. By using cutting-edge forecasting, optimization and algorithmic trading techniques, we're able to reduce risks, maximize as well as stabilize profits on electricity and balancing markets.
  • Ostrom — Ostrom is a digital-first green energy provider in Germany, reinventing how people manage and consume electricity. It replaces outdated contracts and service models with a modern platform that offers 100% renewable energy, flexible monthly terms, and a seamless, user-friendly experience. By combining smart technology with a clear, no-nonsensetariff, Ostrom helps users switch, track, and reduce their energy consumption without the usual headaches of the traditional energy market. Its Home Energy Management System (HEMS) intelligently steers assets like EVs, heat pumps, and solar PV, powering NeoGrid, Germany's first virtual power plant (VPP), to support the grid and reward consumers.
  • Eturnity AG — Die Eturnity Software automatisiert den und erleichtert den Beratungs- und Verkaufsprozess im Bereich der Erneuerbaren Energiesysteme.
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Amalfi Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in Estonia Real Estate startups

International Technology Investment Fund

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Investment focus

  • Industry: Financial Services, Advice, Software
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Australia, Estonia, United States

Investor stats

  • Total investments: 16
  • Round size: Seed $975k–$2.3M; Series A $2.8M–$15M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Wirepas — Wirepas offers a standards-based, ultra-reliable mesh connectivity for infrastructure-grade IoT. Proven in millions of devices worldwide.
  • Sonder — Sonder's employee care platform is the future of workforce health, medical, safety and wellbeing. One platform. All the support. Learn more.
  • 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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Hansa Group
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Real Estate startups

Maailm liigub - The world is moving

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Investment focus

  • Industry: Hardware, Construction, Civil Engineering
  • 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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Fly Ventures
VC Fund · Berlin, Berlin, Germany · 1 investments in Estonia Real Estate startups, 10 in the past 12 months

We back founders everyone wants to meet but nobody dares to invest in

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Investment focus

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

Investor stats

  • Total investments: 127
  • Round size: Seed $1.5M–$8.5M; Pre-Seed $1.5M–$4M; Series A $7.5M–$20M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely actively investing — fresh fund, raised $85M in 2024

Portfolio highlights

  • Tangent Robotics — Dexterous Robotic Manipulation
  • Orbital Industries — Orbital Materials leverages AI to design and deploy advanced materials & climate technologies for the long-term habitability of our planet.
  • Reimagine Robotics — Show the robot what to do, correct it where it fails, and adapt it as the process changes.
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Foreword Fund
VC Fund · San Francisco, California, United States · 1 investments in Estonia Real Estate 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, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 40
  • Round size: Seed $3M–$9M; Pre-Seed $1.3M–$3.2M; Series A $8.7M–$13M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Peec AI — Peec AI helps marketing teams analyze brand performance across ChatGPT, Perplexity, and Gemini. Track visibility, benchmark competitors, and optimize AI search presence.
  • XO Market — XO Market is a decentralized finance platform that enables users to create, trade, and share prediction-based markets on future events using blockchain technology. The platform operates as a non-custodial interface, allowing participants to interact directly with smart contracts while retaining control of their own crypto assets. XO Marketfacilitates “conviction markets,” where users can establish and trade outcomes on various topics, with prices reflecting collective market sentiment. It uses an automated market maker model to provide liquidity and incorporates a hybrid system combining artificial intelligence and human input to resolve market outcomes. The platform supports permissionless market creation, enabling users to define events, set parameters, and participate in trading without centralized oversight.
  • Skalar — Skalar specializes in providing automated and digital tax and accounting services for companies.
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Summus Venture Capital
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Real Estate startups

Summus Venture Capital is a venture capital investment firm.

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Investment focus

  • Industry: B2B, SaaS, Rental
  • Stage:Seed, Venture - Series Unknown
  • Geography: Israel, Estonia

Investor stats

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

Portfolio highlights

  • Consorto — B2B online marketplace for European commercial real estate that integrates AI-driven deal-matching with deal-flow automation. Connecting sellers, brokers and professional investors worldwide.
  • Click-Ins — Click-Ins can automatically inspect, analyze, and process vehicle damage at high precision and consistency without special equipment or skilled personnel.
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Sillever OÜ
VC Fund · 1 investments in Estonia Real Estate startups

Sillever OÜ operates as an investment firm.

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Investment focus

  • Industry: Hardware, Construction, Civil Engineering
  • 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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Lifull
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Estonia Real Estate startups

LIFULL Co., Ltd. is the most extensive housing and real estate information listing service. LIFULL Co., Ltd. provides LIFULL Move that provides reviews and rankings of the moving companies; LIFULL Storage, a storage space searching Web service; LIFULL Interior, a furniture and interior decoration EC site; and LIFULL Nursing Care, a special carefacility searching Web service.

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Investment focus

  • Industry: Content, Software, E-Commerce
  • Stage:Corporate Round, Seed, Venture - Series Unknown
  • Geography: Japan, Estonia, Singapore

Investor stats

  • Total investments: 11
  • Round size: Seed $921k–$921k; Corporate Round $538k–$3.7M; Venture - Series Unknown $3.6M–$5.8M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Cozre — Cozre the outing and the lessons of the babies and children, to solve the problem of child-rearing.
  • Vuild — VUILD is an architectural tech startup that performs design and construction using digital fabrication technology.
  • Inter Local Partners — Inter Local Partners is a Reconstruction and Agricultural Training Center Project” started in 2013 and creating agricultural projects and building regional networks focusing on “people” who will lead the future of Japanese agriculture
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blackprint
VC Fund · Frankfort, Maine, United States · 1 investments in Estonia Real Estate startups

blackprint PropTech Booster is the premier hub for PropTech Innovation in Germany. It is a network driven accelerator for startups that aim at transforming the conventional approach to the real estate industry by embracing digital technology and with a scalable business model. They host batches of up to five teams over six months at their officesin Frankfurt am Main.

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Investment focus

  • Industry: Software, Real Estate, Property Management
  • Stage:Pre-Seed, Venture - Series Unknown
  • Geography: Germany, Estonia

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $53k–$410k
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • ALLVR — ALLVR develops a cloud-based business platform for visualization and communication based on Virtual Reality technologies for the industrial sector. Their solution uses an automated interface between CAD data provided by architects, engineers and designers and virtual content. This enables their clients to meet virtually directly at the object,using extended communication features.
  • Proptiq — Proptiq develops digital solutions for co-living. The technology is implemented in dedicated digital co-living management products ranging from residential properties (WGs) to large, purpose-built co-living facilities. Proptiq also develops white label co-living solutions for traditional real estate companies. Proptiq was founded in 2019 with thesupport of Fincite Ventures(technical co-founder) and Liquet Ventures.In July 2019 Proptiq acquired investment and graduated from the European accelerator blackprint Booster. The program was initiated by the investment company Blackprintpartners and former Immobilienscout24 CEO Marc Stilke in 2016 for the promotion of early-stage start-ups in the real estate industry.
  • mietwise — mietwise offers a simple payments management platform for landlords, property managers and tenants.For existing property management platforms, mietwise also offers an API, allowing partners to directly compete with banks in offering an integrated rental deposit and payments solution. This allows them to better serve new and existing users, inthat they are able to offer a seamless end-to-end experience throughout the entire life-cycle of a rental property.For landlords, property managers and tenants, mietwise is a better and faster way to securely manage rental deposits and payments online. Via the mietwise platform, private and small-to-medium sized landlords and property managers are able to easily manage their property portfolio’s rental deposits and payments effectively using their fully digitalised process.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Startup Spaze
VC Fund · 1 investments in Estonia Real Estate startups

Investment focus

  • Industry: Video, FinTech, Lending
  • Stage:Seed
  • Geography: Singapore, Estonia

Investor stats

  • Total investments: 3
  • Round size: Seed $62k–$69k
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Logline — Logline is a new video marketplace and production platform that connects clients with production houses giving them space to collaborate and work on projects. Logline was created give new ways for clients to shortlist production companies and get the best videos at the lowest prices. Logline also aims to reduce the hassle of finding the rightpeople for any given project. Logline acts as a database of actors and production professionals who can then be matched with potential clients that post job offers using the app. Logline’s ability to matchmake clients and industry professionals creates synergies that will help reduce the time needed to put together a video, as well as grow the industry as a whole.Logline ToolsLogline consist of clearly described tools which are accessed via a clean and simple user interface. They are listed below:People – An easily searchable database of video professionals available for hire. Users can refine their search using many different criteria such as Area or Role.Connections – A list of all the people a user has connected with. This is also where users can exchange messages, see all system notifications and invite people to join Logline.Castings – A list of all open casting calls. It is free for users to both post and respond to casting calls.Jobs – A list of all active job offers which makes it easy to find that perfect position. Studio – A space to work on video projects. Studio tools include:Concept – A tool for brainstorming and noting down the best ideas, with easy ways to transform these ideas into script scenes.Script – This script writing tool helps people create scripts that conform to industry standards. Functions such as converting your script to different script formats are coming soon. There are also templates which allow seamless import and export of scripts between Logline and other applications.Storyboard – An easy-to-use tool that helps organize the drawings and set descriptions for a video project, making it easy to adjust camera angles before shooting.Guest list – A useful tool that helps the production teams of entertainment and current affairs shows keep track of who is coming to town so they will never miss an interesting guestCast – A tool which helps the production team organize cast lists, and store all artiste contacts along with their biometric data.Casting – Create casting calls with this tool. Specify the requirements of your projects and Logline will automatically match you with the right people.Tasks – A tool to organize and schedule tasks for team members, to set deadlines and keep track of progress.Upcoming improvementsA host of new functions will be added in the near future to broaden the platform’s capabilities. Here are just a few of them:Budget – This Logline tool can give you an estimate of how much your project will cost during the planning phase, as well as track the cost of your project when it is underway. Look Book – Sharing visual concepts for projects among stakeholders via images, videos and artworks will be made easy with Logline’s Look Book function, Pitching – Showcase your ideas and early drafts for a project or send them directly to clients with this tool. Meet the Logline TeamLogline is the brainchild of two entrepreneurs from Europe. Development began in July 2015 and was supported by Spaze Ventures with the goal of changing the way people work in the video industry. In December 2016 Logline has joined the Mediapreneur incubation program run by Singapore's biggest media company Mediacorp. Borys Specjalski –Co-Founder of the company is an experienced project manager who previously worked in Afghanistan with the 1TV television station. Danijela Habek – Danijela is a live TV show producer that has successfully produced three seasons of Got Talent, X Factor and many other internationally-recognized formats. As Logline’s workflow specialist, she has invaluable knowledge of the needs of the industry and makes sure Logline’s tools can meet them.
  • BitOfProperty — BitOfProperty is an alternative real estate investment platform, where you can buy & sell pieces in real estate that generate passive income on a monthly basis.The value BitOfProperty is bringing is to fill the gap in real estate crowdfunding industry by providing an opportunity to diversify capital into stable cashflow generating properties.Similarly to a stock exchange, where you can buy shares in the companies, BitOfProperty allows you to buy and sell pieces in real estate. All properties are rented out, thus you can earn passive income every month in a form of rent. In addition, you can take advantage of the property price movements and earn capital gain, if the value of the property increases.Rental income that the properties generate every month, is added to your account on the platform. You can then reinvest it or withdraw the income to your bank account for personal use.Exiting an investment is easy, you just set the price and list the shares back on the marketplace for other investors to buy.Our vision is to become a pan-European marketplace, where people can exchange bits of properties. We are on the mission to bring people close to financial freedom and our aim is to achieve this by giving them an opportunity to invest in an asset class, which is considered to be expensive and illiquid, yet simple and straight forward to understand.We are backed by the leading real estate platform in Japan, LIFULL Co., Ltd. (https://lifull.com/en/), and a startup incubator based in Singapore called Spaze Ventures (https://www.startupspaze.com/).
  • Onelyst — Onelyst is a consumer lending marketplace that is leveraging on non-traditional data points to accelerate financial inclusion. It allows borrowers to get better rates and compare loan offers from licensed lenders. It aims to empower consumers to make informed borrowing decisions and enhance the financial knowledge in the community.
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Caucasus Ventures
VC Fund · Baku, Baki, Azerbaijan · 1 investments in Estonia Real Estate startups

Caucasus Ventures is a venture capital firm.

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Investment focus

  • Industry: Artificial Intelligence, Software, SaaS
  • Stage:Seed, Pre-Seed, Series B
  • Geography: United States, Estonia, Georgia

Investor stats

  • Total investments: 41
  • Round size: Seed $106k–$1.9M; Pre-Seed $50k–$2.5M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • youzu — Youzu.ai is an AI-powered platform that transforms interior spaces through computer vision. Users upload room photos to receive instant design visualizations and matching furniture recommendations from major retailers. The platform bridges the gap between interior design inspiration and actual purchasing.
  • Replenit — Transform your repeat purchase revenue with Replenit's AI Decision Engine. Predict exactly when customers need to reorder based on individual consumption pat...
  • Fromfolio — Fromfolio offers an online platform for creating, managing, and sharing professional portfolios to showcase work, projects, and skills.
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Real Estate 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: 65
  • Round size: Seed $500k–$4.2M; Pre-Seed $273k–$2.2M; Series A $1M–$39M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • BirdyChat — A modern work chat app for professionals. Start conversations with anyone using their work email. Collaborate and grow your network.
  • Giraffe360 — Real estate camera and AI software for versatile listing media
  • Saltz — Premium ingredients for your menu with no hidden delivery fees or markups.
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Prototron
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Real Estate startups

Prototron is a start-up fund that gives money to teams for turning their great ideas into the first working prototype. Founded in 2012 by Swedbank, Tallinn Technical University and Tallinn Science Park Tehnopol. We finance teams with high growth potential in areas of Greentech, Electronics, Mechatronics and ICT. We run 3-4 rounds of financingevery year. During last 5 years we've funded 58 startups with over 470'000€ in cash + coaching/incubation services. Our protfolio has generated >4,5 M€ revenue and raised >17'000'000€ capital. These results make Prototron the most productive pre-seed fund in Estonia. Do you want to be part of the success? We seek for: *) New start-up teams who need money for building a prototype. Apply for funding: www.prototron.ee *) Additional partners who want to be part of Estonia's next success stories.

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Investment focus

  • Industry: Software, Manufacturing, Energy
  • Stage:Pre-Seed, Grant, Seed
  • Geography: Estonia, Finland, Germany

Investor stats

  • Total investments: 55
  • Round size: Seed $4k–$13k; Grant $5.3k–$24k; Pre-Seed $6.2k–$66k
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Parcelsea — Parcelsea is a technology firm that provides e-commerce users and last-mile delivery service providers with an open network platform. The goal is to create a smart mailbox that is user-friendly and secure for everyone.
  • RAIKU — RAIKU is a cleantech startup that produces 100% natural packaging material that has also great looks and shock absorption - most importantly, it gives 15-20 times more volume to its raw material making it one of the most resource efficient material uses in the world with high margins. Both the production is and products are clean making no harm tonature. RAIKU has raised over 1.2mln€ in the pre-seed stage, built a team of over 10 people, its own IP and clients are already using its packaging material. This material will up-end the 1 trillion € packaging sector.
  • Jälle Technologies — Jälle Technologies create advanced recycling technologies that transform battery waste into high-value resources.
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CVI Dom Maklerski Sp. Z O.O.
VC Fund · Warsaw, Mazowieckie, Poland · 1 investments in Estonia Real Estate startups

CVI Dom Maklerski Sp. Z O.O. is a finance firm that offers acquisition, growth, and refinancing services in small and mid-market companies.

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Investment focus

  • Industry: Real Estate, Lending, Delivery
  • Stage:Debt Financing, Private Equity
  • Geography: Poland, Estonia, Romania

Investor stats

  • Total investments: 6
  • Round size: Debt Financing $2.9M–$29M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Lucron — Lucron is a land acquisition, planning, and project management company.
  • Detailelement — Reinforced concrete elements. Detailed accuracy, iron strength, various solutions for concrete elements. Wall elements, stair elements, array tiles, foundation elements
  • InteRo Property Development — InteRo Property Development specializes in real estate development, offering buying, selling, and investment services.
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Verve Ventures
VC Fund · Zug, Zug, Switzerland · 1 investments in Estonia Real Estate startups, 10 in the past 12 months

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.

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Seed, Series A, Series B
  • Geography: Switzerland, Germany, France

Investor stats

  • Total investments: 304
  • Round size: Seed $1.2M–$11M; Series A $2.1M–$18M; Series B $3.9M–$45M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $61M in 2022

Portfolio highlights

  • Piomic — Non-invasive treatment with minimal staff supervision to produce a durable structural, functional and cosmetic closure of hard-to-heal wounds.
  • Aylight — Aylight develops semiconductor laser and photonics platforms designed to improve optical connectivity in AI datacenters and related infrastructure. The company focuses on frequency modulated comb laser technology that generates multiple stable wavelengths from a single InP-based laser cavity. Its architecture produces an equidistant, RF-lockedwavelength grid that aligns with dense wavelength-division multiplexing requirements and reduces control complexity and power consumption. Aylight targets use cases in AI datacenter interconnects, quantum computing hardware, precision metrology, and communication equipment. Its products aim to integrate with terabit optical links and wavelength-division multiplexing systems while remaining compatible with existing fabrication processes.
  • Atana Elements — Atana is accelerating the exploration and development of flowing critical minerals and industrial gases. Atana uses a proprietary tech stack to identify and mature mineral resources quickly and effectively.
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Pontos Group
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Estonia Real Estate 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: Apps, Mobile, Content
  • Stage:Venture - Series Unknown, Seed
  • Geography: Finland, Estonia

Investor stats

  • Total investments: 5
  • Round size: Venture - Series Unknown $6.3M–$16M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Hintsa — Discover a better you, with methods proven in Formula 1 and Fortune 500.
  • 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!
  • 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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Antler
VC Fund · Singapore, Central Region, Singapore · 1 investments in Estonia Real Estate startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

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

Investor stats

  • Total investments: 2382
  • Round size: Seed $158k–$4.6M; Pre-Seed $100k–$600k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026

Portfolio highlights

  • Obud — Obud is a wellness reservation systems that is designed for holistic health and lifestyle management purposes. The company's systems offer a comprehensive suite of tools for booking wellness activities, managing schedules, and accessing curated wellness programs, enabling wellness centers to streamline their operations, enhance userengagement, and promote a balanced and healthy lifestyle.
  • myluigi.ai — Luigi is an AI-Powered Full-Stack Game Growth-as-a-Service platform designed to help mobile game studios scale user acquisition, engagement and lifetime value without adding headcount. Its dual-engine architecture automates and operates everything from ad campaign creation and real-time creative optimization to personalized in-game offers and LTVforecasting—delivered through a single, easy-to-integrate and unified dashboard. With a flexible per-title pricing model and powerful machine-learning insights, Luigi empowers mid-sized and indie developers to reduce CPI, boost retention and chart a clear path toward sustainable growth and seven-figure ARR.
  • RubiLabs — RubiLabs Inc provides a platform for unifying, monitoring, and analyzing organizational data. RubiLabs software enables analysts and operators across risk, compliance, and security teams to collaborate and interpret large volumes of information in real time. The company’s platform is designed to help institutions make sense of complex, fragmenteddata by transforming it into a coherent operational picture for risk detection, continuous monitoring, and investigative workflows.
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ZAKA VC
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 1 investments in Estonia Real Estate startups

ZAKA Startups is a private pre-seed and seed venture capital company. It is focused on early-stage software driven investments across the whole EU with primary focus on CEE, DACH and Baltics. ZAKA operates primarily from Prague and Bratislava with scouts in Berlin and Baltic region.

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Investment focus

  • Industry: Artificial Intelligence, Biotechnology, Software
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: United States, United Kingdom, Estonia

Investor stats

  • Total investments: 112
  • Round size: Seed $520k–$7M; Pre-Seed $250k–$1M; Venture - Series Unknown $1.3M–$10M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — raised $16M in 2024

Portfolio highlights

  • Olio Labs — Olio Labs utilizes AI for combo therapeutics, optimizing and minimizing side effects through automated discovery of protein interactions.
  • Creasallis — The creative antibody solutions company
  • Human Archive — Human Archive builds human data archiving platform with comprehensive dataset for training embodied AI and robotics systems.
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J&T IB and Capital Markets
VC Fund · Prague, Hlavni mesto Praha, Czech Republic · 1 investments in Estonia Real Estate startups

J&T IB and Capital Markets provide investment banking and advisory services in Central and Eastern Europe, especially in the Czech and Slovak Republics. We focus on the debt capital market, the equity capital market and corporate finance transactions.

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Investment focus

  • Industry: FinTech, Marketplace, Real Estate
  • Stage:Series A
  • Geography: Estonia

Investor stats

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

Portfolio highlights

  • Estateguru — Invest in thousands of loans to businesses across Europe, all backed by the peace of mind provided by a mortgage on a real estate property.
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Real Estate VC funding in Estonia at a glance

Stats across 27 deals from 31 investors.

31
investors
in Estonia Real Estate startups
27
deals
in Estonia Real Estate startups
$837k
median round
in Estonia Real Estate startups
65%
lead investors
lead at least one round
30%
Pre-Seed
most common funding stage

Access all 31 VC funds in Estonia Real Estate startups.

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