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Top 10 Renewable Energy Startup Investors in Estonia in May 2026

A list of 10 angel investors and VC (Venture Capital) funds that invest in Renewable energy startups based in Estonia. We rank investors based on the number of investments they made in Renewable energy companies from Estonia. We update this investor list every month.

Top 10 Renewable Energy Startup Investors in Estonia in May 2026

Investor Renewable Energy Estonia investments
Lemonade Stand 2
Kiilto Ventures 1
Vestman Energia 1
Janis Krums 1
Greenco Ventures 1
Norrsken Evolve 1
Priit Viru 1
Commerce Ventures 1
Grid.vc 1
Change Ventures 1

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Investor list
Lemonade Stand
VC Fund · Tallinn, Harjumaa, Estonia

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

  • Software, Artificial Intelligence, FinTech
  • Seed, Pre-Seed, Funding Round
  • Estonia, Lithuania, India

Portfolio highlights

  • Esgrid — Esgrid provides value-chain sustainability management solutions to medium-sized businesses and financial institutions.
  • Ligence — AI Automated Echocardiography - Artificial intelligence-powered automated heart ultrasound echo lab system.
  • Soldera — Soldera enables renewable energy producers to earn additional income through an automatic guarantee of the origin trading system.
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Kiilto Ventures
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in the past 12 months

Kiilto Ventures is a venture capital firm focuses on early-stage starups.

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Investment focus

  • Software, Energy, Database
  • Seed, Pre-Seed, Funding Round
  • Norway, Sweden, Denmark

Portfolio highlights

  • Acembee — Acembee is an AI-driven platform designed to automate the tracking, data collection, and reporting of LCA A4+A5 (Life Cycle Assessment phases related to construction site energy use and transport) for construction projects. provides solution that consolidates data from the building site into one platform, enabling precise, real-time insights intoenergy consumption, CO₂ emissions, and compliance with legal environmental requirements. Acembee saves significant time, reduces unnecessary energy use by up to 40%, and helps projects stay within allowed CO₂ limits, ultimately making sustainability management on construction sites.
  • Kvist Solutions — Kvist Solutions tilbyr programvare som forenkler BREEAM sertifisering. Vi gir deg oversikt over hele prosjektet, slik at veien til sertifisering blir oversiktlig og forutsigbar.
  • Jälle Technologies — Jälle Technologies create advanced recycling technologies that transform battery waste into high-value resources.
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Vestman Energia
VC Fund · Viljandi, Viljandimaa, Estonia

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

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Investment focus

  • Water, Software, CleanTech
  • Pre-Seed, Seed, Funding Round
  • Estonia

Portfolio highlights

  • KWOTA — Kwota offers digital validation and trading services for recycled material CO₂ emissions.
  • Spacedrip — Spacedrip develops automated water treatment and reuse systems that recycle wastewater back to pure usable water with minimal maintenance. Our systems provide off-grid water without the need for centralized sewage/water solutions.
  • 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.
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Janis Krums
Angel · Riga, Riga, Latvia

Janis Krums is a Venture Partner at change ventures.

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Investment focus

  • Big Data, SaaS, FinTech
  • Seed, Pre-Seed, Angel
  • United States, Estonia, United Kingdom

Portfolio highlights

  • KWOTA — Kwota offers digital validation and trading services for recycled material CO₂ emissions.
  • PayQin — Vous allez aimer payer en ligne
  • Detail — Record and edit videos with Detail for iOS and macOS. Everything you need to create videos and podcasts, fast. Download for free on the App Store.
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Greenco Ventures
VC Fund

Greenco Ventures is an investment firm.

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Investment focus

  • Renewable Energy, Environmental Engineering
  • Pre-Seed
  • Estonia

Portfolio highlights

  • KWOTA — Kwota offers digital validation and trading services for recycled material CO₂ emissions.
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Norrsken Evolve
VC Fund

Norrsken Evolve is a pre-seed fund that supports the founders who are creating the future of Europe by offering funding,a top-notch in-person sprint, and an exceptional network.

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Investment focus

  • Software, Artificial Intelligence, CleanTech
  • Pre-Seed
  • Germany, United Kingdom, Spain

Portfolio highlights

  • NobodyWho — NobodyWho is an inference engine that lets you run LLMs locally on any device
  • FION Energy — FION Energy GmbH is a Berlin-based company at the forefront of the clean energy transition, specializing in advanced energy storage and management solutions for industrial businesses. Their technology helps companies optimize energy use, reduce costs, enhance grid stability, and accelerate decarbonization by providing economically viable storagesystems tailored to each customer's needs. FION supports grid operators by enabling efficient orchestration of energy consumption and generation, contributing to a more stable and sustainable energy future. They offer personalized consulting, rapid installation, and continuous optimization of energy storage performance to maximize cost savings and flexibility.
  • Atmospheric AI — Transforming supply chains through radical transparency, starting with petrochemicals.
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Priit Viru
Angel · 1 investment in the past 12 months

Priit Viru

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Investment focus

  • Music, Events, Sports
  • Pre-Seed
  • Estonia, United States

Portfolio highlights

  • FanSifter — FanSifter is a fan data management platform that leverages machine learning to help rights holders in music, entertainment, and sports increase tickets, music, merch, experiences, and sponsorships sales.
  • Jälle Technologies — Jälle Technologies create advanced recycling technologies that transform battery waste into high-value resources.
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Commerce Ventures
VC Fund · San Francisco, California, United States

At Commerce Ventures, they are building a new and different type of venture capital firm. Their investors are a unique and strategic blend of leading entrepreneurs, senior executives, and corporates from their focus sectors (mobile, retail/e-commerce, payments, fin-tech, insurance). In addition to providing capital, they are committed tohelping their portfolio companies succeed in scaling their commerce-related innovations.

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Investment focus

  • FinTech, Software, Financial Services
  • Series A, Seed, Series B
  • United States, India, United Kingdom

Portfolio highlights

  • Relcu — Relcu combines agentic AI with an all-in-one mortgage and deposit platform. From lead intelligence to funding, it drives smarter decisions and faster closings.
  • Reachify — Reachify empowers restaurants to connect with their customers easily with Call Deflection to capture otherwise lost revenue.
  • Rulebase — Rulebase create AI agents to safeguard fintechs and banks from fraud, automating investigations and preventing voice fraud.
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Grid.vc
VC Fund · Helsinki, Southern Finland, Finland

Grid.vc is the first investor in superb teams disrupting the energy business.

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Investment focus

  • Energy, Renewable Energy, SaaS
  • Seed, Pre-Seed, Funding Round
  • Finland, Estonia

Portfolio highlights

  • Bioreactor — Bioreactor is a revolutionary technology that converts bio waste into clean energy through biomass gasification. It's a sustainable, efficient and cost-effective solution that addresses energy poverty, energy security and climate change. With the use of the latest technology in computational fluid dynamics, cloud-optimized digital twin anddeep learning algorithms, the Bioreactor can optimize its performance in real-time over a wide range of fuels and operating conditions. The Bioreactor is a game changer in the energy industry, it can reduce greenhouse gas emissions, drastically lower energy costs, and help to alleviate energy poverty on a national scale.
  • Safegrid — Smarter sensors for a smarter grid
  • Vensum Power — Revolutionizing power conversion. More power in same package, less energy waste and low maintenance.
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia

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

  • Software, Information Technology, Apps
  • Seed, Pre-Seed, Series A
  • Estonia, Latvia, Lithuania

Portfolio highlights

  • FanSifter — FanSifter is a fan data management platform that leverages machine learning to help rights holders in music, entertainment, and sports increase tickets, music, merch, experiences, and sponsorships sales.
  • Giraffe360 — Giraffe360 is game-changing subscription product for real estate companies to streamline professional quality photography and high accuracy floor plan creation.
  • RecruitLab — Teamdash's built-in recruitment, applicant tracking, and marketing features give you the focus you need to achieve the impossible. Here's how.
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