Top 10 Retail Startup Investors in Estonia (July 2026)

Tera Ventures is an international investment firm based in Estonia.

Investment focus

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

Investor stats

Total investments: 68
Round size: Seed $531k–$4.2M; Pre-Seed $120k–$2.2M; Series A $1.6M–$13M
Lead/follow: 50% lead, 50% 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!
Brainbase — Unified Licensing Management Software. Track and visualize brand performance, contracts, and royalties. Manage approvals, track deals, and spot contract violations.
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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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.

Investment focus

Industry: Artificial Intelligence, Software, Information Technology
Stage:Seed, Pre-Seed
Geography: United States, Germany, United Kingdom

Investor stats

Total investments: 103
Round size: Seed $509k–$6.6M; Pre-Seed $250k–$1.8M
Lead/follow: 15% lead, 85% follow

Portfolio highlights

Yenmo — Unlock instant funds with India's best loan against mutual funds starting from 10.29% interest rate. Quick online approval, zero hidden charges, and no foreclosure fees.
Olio Labs — Olio Labs utilizes AI for combo therapeutics, optimizing and minimizing side effects through automated discovery of protein interactions.
Creasallis — Creasallis specializes in biotechnology, focusing on the development of innovative antibody engineering solutions. The company's flagship technology, CreaTap, enhances the penetration of antibody-based drugs into tumors, potentially increasing their efficacy. Creasallis leverages its expertise in structural and molecular biology to create moreeffective therapeutic solutions. The company has also been recognized in startup competitions, winning awards such as 50 EVOLVE Pipettes and accessories to support its research efforts.

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Everywhere Ventures is a first-of-its-kind early-stage venture fund created by founders for founders to support the next generation of entrepreneurs.Everywhere Ventures is a community-powered venture investing platform that integrates the capital, expertise, and mentoring of experienced founders and operators across ten micro funds. TheFund's $70M+ under management comes almost exclusively from the over 500 founders and operators who are its limited partners. Everywhere Ventures operates from the belief that those who have actually built successful companies are best suited to advise and support early-stage startups. Everywhere Ventures invests in pre-seed deals globally usually in the first financing round the company raises. Emphasis is placed on purpose-driven teams across money, health and work verticals.

Investment focus

Industry: Software, Health Care, FinTech
Stage:Seed, Pre-Seed, Series A
Geography: United States, United Kingdom, India

Investor stats

Total investments: 216
Round size: Seed $1M–$5.8M; Pre-Seed $350k–$2.4M; Series A $4M–$20M
Lead/follow: 2% lead, 98% follow
Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

VOW — Meet Quick, a purpose-built Webflow template to promote SaaS and software apps without writing code. Its pre-built content will help you get your website up and running in no time at all.
Fusepay — Modern Finance & Payments for Indian Ocean Islands
Outfox Health — AI copilots answer benefits questions instantly. Lower costs without changing carriers. Launch in under 30 days.

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With more than 30 portfolio companies across AI, pet health, ageing medicine and more, LongeVC provides venture capital for the biotech and longevity sectors.

Investment focus

Industry: Health Care, Biotechnology, Therapeutics
Stage:Seed, Series A
Geography: United States, United Kingdom, Canada

Investor stats

Total investments: 20
Round size: Seed $1.5M–$12M; Series A $17M–$94M
Lead/follow: 25% lead, 75% follow

Portfolio highlights

Trogenix — Trogenix operates as a therapeutics company, that treats aggressive cancers.
Valink Therapeutics — Valink is developing a series of novel therapeutics that are more effective at attacking tumours, while sparing healthy tissue.
PreComb — PreComb develops technologies to optimally adapt the therapies to each patient for difficult to treat cancers to increase the success rates in cancer therapy. Only an efficient use of healthcare resources can lead to a maximum improvement in the quality of life of patients.

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Grupo Boticário Ventures is an corporate venture capital arm of Grupo Boticário.

Investment focus

Industry: SaaS, Beauty, Retail
Stage:Seed
Geography: Estonia

Investor stats

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

Portfolio highlights

Haut.AI — Haut.AI is SaaS platform for skin care and skin health applicaitons

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ULTA Beauty is the beauty retailer in the United States and the premier beauty destination for cosmetics, fragrance, skin, hair care products and salon services. Since opening its first store 25 years ago, ULTA Beauty has grown to become the top national retailer providing All Things Beauty, All in One Place™. The Company offers more than 20,000products from over 500 well-established and emerging beauty brands across all categories and price points, including ULTA Beauty's own private label. ULTA Beauty also offers a full-service salon in every store featuring hair, skin and brow services. ULTA Beauty is recognized for its commitment to personalized service, fun and inviting stores and its industry-leading Ultamate Rewards loyalty program.

Investment focus

Industry: Beauty, Artificial Intelligence, E-Commerce
Stage:Seed, Series A, Grant
Geography: United States, Canada, Estonia

Investor stats

Total investments: 7
Round size: Seed $2.2M–$6M; Grant $2.4M–$2.4M; Series A $6.2M–$30M
Lead/follow: 29% lead, 71% follow

Portfolio highlights

Haut.AI — Haut.AI is SaaS platform for skin care and skin health applicaitons
LUUM — LUUM Lash is revolutionizing the beauty industry with the world's first robotic lash extensions. The power of machine learning, AI and robotics combine to help lash artists improve efficiency, precision and overall results.
Big Brothers Big Sisters of America —

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United Partners Group is an investment company, active since 2003, offering to its corporate clients financial advisory, investment and asset management services.

Investment focus

Industry: Retail, Software
Stage:Seed
Geography: Estonia

Investor stats

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

Portfolio highlights

Cloutex — Cloutex is a data logistics company that allows businesses to synchronize, move and manage their data quickly and easily. Their Google Chrome extension - Cloutex for Chrome enables users to move LinkedIn data available on public profiles into a Customer Relationship Management (CRM) platform.

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Tiit joined Skype 2005 as a test director after 10 years leading companies in Software Development and holding Engineering Operations roles in Estonia and the Baltics.At Skype he was responsible for Software Quality Assurance and testing for 7 years. In his last 2 years, he served as General Manager of Skype Estonia, coordinating EngineeringL&D, onboarding and community mgmt globally for Skype.Tiit is active member of vibrant ICT community in Estonia and member of the board in Estonian IT and Telecommunications Association, in which he focuses on education and workforce, and heads the IT academy steering committee. IT academy is a joint program between Tallinn Technical University and Tartu University ICT faculties to up level ICT education quality in Estonia.Tiit is also a skydiver, aircraft pilot and beer enthusiast resurrecting microbrewery industry in Estonia.

Investment focus

Industry: Retail, Software
Stage:Seed
Geography: Estonia

Investor stats

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

Portfolio highlights

Cloutex — Cloutex is a data logistics company that allows businesses to synchronize, move and manage their data quickly and easily. Their Google Chrome extension - Cloutex for Chrome enables users to move LinkedIn data available on public profiles into a Customer Relationship Management (CRM) platform.

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

Investment focus

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

Investor stats

Total investments: 78
Round size: Seed $767k–$6.6M; Pre-Seed $165k–$2.2M; Series A $5.3M–$20M
Lead/follow: 40% lead, 60% follow
Last fund: Likely still investing — raised $35M in 2022

Portfolio highlights

ROCSYS — Meet the world's first autonomous charging solution for electrical vehicles in public transportation, logistics, material handling, and passenger cars.
Grünfin — Grünfin is a sustainable investing platform for people who care about their impact.
Mentornaut — Mentornaut is a new online tutoring platform is aiming to increase inclusion in personalized education and counts Super angel, United Angels VC, and a list of EdTech advocates like Bolt co-founder Martin Villig, and Clanbeat co-founder Kadri Tuisk among its investors.

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