Top 10 Retail VC Funds &amp; Investors in Estonia (September 2026)

Tera Ventures is an international investment firm based in Estonia.

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 $587k–$3.8M; Pre-Seed $120k–$2.2M; Series A $1.6M–$14M
Lead/follow: 55% lead, 45% 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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More than just a business angel network Building synergy between startups and angel investors EstBAN is member led organisation committed to finding, funding and mentoring ambitious young companies from pitch through to a successful exit. About estban Latest news Created with Fabric.js 3.5.0 All news For investors Get access to quality pre-selected internationaldeal-flow, and be

Investment focus

Industry: Software, CleanTech, Manufacturing
Stage:Seed, Pre-Seed, Angel
Geography: Estonia, Latvia, Lithuania

Investor stats

Total investments: 24
Round size: Seed $215k–$1.5M; Angel $232k–$1M; Pre-Seed $198k–$1.2M
Lead/follow: 42% lead, 58% follow

Portfolio highlights

BrachyDOSE — BrachyDOSE - is a med-tech startup dedicated to solve radiation injuries that occur during the brachytherapy procedure. Our team consists of engineers and physicists experience in scientific research.
Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
Granarium Technologies — Granarium - The worlds first 100% renewable power storage for grid stabilization

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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, Venture - Series Unknown
Geography: United States, United Kingdom, Canada

Investor stats

Total investments: 22
Round size: Seed $1.3M–$12M; Series A $17M–$94M
Lead/follow: 23% lead, 77% follow

Portfolio highlights

Trogenix — Trogenix operates as a therapeutics company, that treats aggressive cancers.
Constructive Bio — Constructive is a ground-breaking method for creating wholly artificial genomes and rewriting the genetic code of living things.
Valink Therapeutics — Valink is developing a series of novel therapeutics that are more effective at attacking tumours, while sparing healthy tissue.

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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: 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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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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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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LHV Ventures is a domestic financial group company that provides banking, financial advisory, and securities brokerage services to private individuals, small and medium-sized companies, and institutional investors. The company's mission is to help create Estonian capital, develop the Estonian economy, and social sustainability.Founded in1999, LHV Ventures is headquartered in Tallinn, Estonia.

Investment focus

Industry: FinTech, Financial Services, SaaS
Stage:Debt Financing, Series A, Series B
Geography: Estonia, United Kingdom, United States

Investor stats

Total investments: 9
Round size: Debt Financing $1.1M–$237M
Lead/follow: 33% lead, 67% follow

Portfolio highlights

Hepsor — Hepsor specializes in the development of residential and commercial real estate projects. With a focus on green thinking, innovation, and modern architecture, Hepsor aims to create sustainable and aesthetically pleasing environments. Since its establishment in 2011, the company has been recognized for implementing innovative engineering andtechnical solutions in its buildings, making them more sustainable and efficient. Hepsor's portfolio includes a variety of projects, from cozy homes to functional commercial spaces, all designed with the future in mind. The company is committed to enhancing the quality of living and working spaces while respecting the environment.
Bolt — The smartest way to move around in cities. Forget expensive taxi rides or slow public transport. Get a ride in minutes. Download the Bolt app for iOS and Android.
Apollo Group OÜ — Apollo Kohvikud operates cafes and quick-service dining concepts as part of the Apollo Group food and beverage portfolio. The company manages Blender juice bars, Ice Cafe outlets, and related concepts that provide smoothies, fresh juices, coffee drinks, and a range of light meals. Its menus include health-oriented beverages, wraps, sandwiches,paninis, salads, and desserts designed for quick consumption in high-traffic environments. Apollo Kohvikud serves customers in locations such as shopping centres, entertainment venues, and transit hubs, aligning its food offer with everyday leisure and retail activities. Through its brands, the company focuses on convenient, ready-to-eat options that complement cinema, bookstore, and other entertainment experiences within the wider group.

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

Portfolio highlights

Yenmo — Unlock instant funds with India's best loan against mutual funds starting from 9.89% 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 — The creative antibody solutions company

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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, Artificial Intelligence
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 $400k–$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 — AI-native Operating + Financial OS for trade businesses.
Outfox Health — AI copilots answer benefits questions instantly. Lower costs without changing carriers. Launch in under 30 days.

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