# Top 50 Software Angel Investors in Estonia in June 2026

## Jaan Tallinn
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 12
- Stages: Seed, Series A
- Focus: Software, Artificial Intelligence, Internet

Jaan Tallinn is the Co-Founder of the Centre for Study of Existential Risk and Future of Life Institute.

## Martin Villig
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 8
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, FinTech, Education

Martin is co-founder of Bolt.eu, Estonian Founders Society, Garage48.org, Good Deed Education Foundation and kood/Jõhvi coding school.
Read more from http://martinvillig.com

## Sten Tamkivi
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 8
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Artificial Intelligence, Manufacturing

Sten Tamkivi is the Chief Product Officer at Topia (formerly MOVE Guides). He was previously co-founder and CEO of Teleport (acquired by Topia), the place to scout for startup people. He co-founded the company as an EIR at Andreessen Horowitz.Sten has been a tech entrepreneur since 1996. After founding a few companies in Estonia, he joined Skypeas an early executive, ran the original R&D office, and held several global product leadership roles for 8+ years.He has an MS in Management from Stanford GSB.

## Martin Tajur
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 7
- Stages: Pre-Seed, Seed, Angel
- Focus: Software, SaaS, Recruiting

Martin Tajur is the co-founder of Pipedrive.

## Ragnar Sass
- Type: Angel
- Relevant deals: 7
- Stages: Seed, Pre-Seed
- Focus: Information Technology, Software, SaaS

Ragnar Sass is the Co-Founder of Darkstar Camp. He previously worked at LIFT99 as a Founder and CEO. Ragnar Sass attended Estonian Business School.

## Kristjan Raude
- Type: Angel
- Relevant deals: 7
- Stages: Seed, Pre-Seed, Equity Crowdfunding
- Focus: Software, Automotive, Internet of Things

I am a serial entrepreneur and angel investor with 15+ years of international experience in sales & marketing, leading teams of 300+ with annual revenue of 10M+. Founder of 3 international companies and investor to 10+ startups. Member of the board at Estonian Business Angels Network.

## Markus Villig
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 7
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, Information Technology, FinTech

Markus Villig is founder and CEO of Taxify. He attended University of Tartu.

## Martin Henk
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 6
- Stages: Pre-Seed, Seed, Angel
- Focus: Software, SaaS, Information Technology

Martin Henk is the Co-founder of Pipedrive.

## Andrus Purde
- Type: Angel
- Relevant deals: 6
- Stages: Seed, Pre-Seed
- Focus: Software, Apps, Internet

Experienced startup marketer. Co-founder and CEO of Outfunnel. Skype and Pipedrive alumni. Angel investor.

## Timo Rein
- Type: Angel
- Location: New York, New York, United States
- Relevant deals: 6
- Stages: Seed, Angel, Convertible Note
- Focus: Software, Recruiting, Human Resources

Timo Rein - Co-Founder @ Pipedrive

## Kristjan Vilosius
- Type: Angel
- Relevant deals: 5
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, E-Commerce

Kristjan Vilosius - Co-Founder and CEO @ Katana

## Kaarel Kotkas
- Type: Angel
- Relevant deals: 5
- Stages: Seed, Series A, Angel
- Focus: Software, Gaming, 3D Technology

Kaarel Kotkas is a Co-Founder and CEO at Veriff.

## Ahti Heinla
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 4
- Stages: Seed, Angel, Series A
- Focus: Apps, Internet, Software

Ahti is the CEO, CTO and co-founder in Starship Technologies, a startup that intends to disrupt last-mile delivery by introducing self-driving local delivery robots. He is also a co-owner in Ambient Sound Investments, a private investment vehicle launched by Estonian Skype co-founders.Ahti conducts technical reviews of all ASI's potentialinvestments. His experience and knowledge as a system architect is invaluable in assessing and managing ASI's portfolio companies.Ahti picked up programming at the early age of ten, his fascination with all things technical resulting in him being the lead technical architect at Skype. Ahti has also worked on artificial intelligence, 3D graphics engines, signal processing, and building mobile phones.Out of the office, Ahti dons his running gear to enjoy orienteering and adventure racing events, where navigation is his strong-point.

## Alvar Lumberg
- Type: Angel
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, Information Technology, FinTech

Alvar Lumberg

## Märt Kelder
- Type: Angel
- Location: Berlin, Berlin, Germany
- Relevant deals: 4
- Stages: Seed, Angel, Pre-Seed
- Focus: Information Technology, Software, Transportation

founder at Voog.

## Ott Kaukver
- Type: Angel
- Location: Menlo Park, California, United States
- Relevant deals: 4
- Stages: Series A, Seed, Pre-Seed
- Focus: Software, Financial Services, SaaS

Ott Kaukver is Chief Technology Officer at Checkout.com. Attended Estonian Business School.

## Mikko Silventola
- Type: Angel
- Relevant deals: 4
- Stages: Pre-Seed, Seed, Angel
- Focus: E-Commerce, Software, Transportation

Mikko is an active investor, with over 50 investments globally. Besides Europe, he is also active in Southeast Asia, Middle East, and Lat Am. He is the first investor of Bolt (Estonia), an investor of Rappi (Colombia), and of Hugo (El Salvador). He has founded 3 international media companies which in total have generated over €35M in sales overjust a few years. He has helped companies with internationalization, fundraising and M&As in Asia, Europe and the Middle East.

## Peep Vain
- Type: Angel
- Relevant deals: 4
- Stages: Seed, Angel
- Focus: Software, Genetics, Recruiting

Peep Vain is the Private Investor at Vain and Partners. He attended Bentley University.

## Taavet Hinrikus
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 4
- Stages: Seed, Series A, Series B
- Focus: FinTech, Software, Financial Services

Taavet Hinrikus is based out of London, England and is the Partner of Plural Platform and Board Member of CoMind. Taavet previously worked at Wise as a Chairman and Co-founder. Taavet Hinrikus attended INSEAD.

## Arvi Tavast
- Type: Angel
- Relevant deals: 3
- Stages: Seed, Angel
- Focus: AgTech, Farming, Software

Arvi Tavast is the Director at Institute of the Estonian Language.

## Taavi Kotka
- Type: Angel
- Relevant deals: 3
- Stages: Pre-Seed, Seed, Angel
- Focus: Electronics, Battery, FinTech

Taavi Kotka, currently the Estonian Government CIO, has a strong background working in private sector. He started his career as a programmer, rapidly rising to be a Managing Director of the most successful software development company in the region – Nortal, former Webmedia. He is a founder of many innovative start-up companies likezeroturnaround.com, plumbr.eu etc. He has a Master of Science in Engineering from Tallinn University of Technology. Also, Taavi Kotka has many honors: he is the European CIO of the Year 2014 (by ICT Spring), he was the president of the Estonian Association of Information Technology and Telecommunications (ITL) and he was elected as an Entrepreneur of the year in 2011 (by Ernst&Young). Taavi is a board member in many ICT initiatives in Estonia and has been the brainpower behind many Estonian e-government innovative initiatives like e-residency, data embassy, no-legacy policy etc.

## Andres Kull
- Type: Angel
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: AgTech, Farming, Software

Andres Kull

## Marek Kiisa
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 3
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, Transportation

Marek Kiisa is Co-Founder and Managing Partner at NordicNinja VC.

## Mike Oliinyk
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Robotics, Navigation, 3D Technology

Mike Oliinyk is a  VP of Product at Montonio

## hi VC
- Type: Angel
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Software, Artificial Intelligence, Information Technology

hi VC

## Kuido Lepik
- Type: Angel
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Apps, GPS, Pet

Kuido Lepik - Owner & CEO @ Signiti

## Indrek Kasela
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, Information Technology, B2B

Indrek Kasela - investor @ Luup Culture

## Oliver Ahlberg
- Type: Angel
- Relevant deals: 3
- Stages: Seed, Angel
- Focus: Software, Information Technology, Artificial Intelligence

Oliver Ahlberg is the Co-Founder and Chief Operating Officer of Skeleton Technologies. He has assured excellent operational capabilities and played a critical role in the development of internal procedures which have kept the company on the forefront of energy storage development. He has had an integral role in securing VC funding and settingup the company's R&D Center in Estonia. Additionally he plays a central role in the company's IT capabilities, production systems and processes and daily administration of the company. Leading the pilot production of the company, he also offers input in product development and has led production optimization efforts. Oliver Ahlberg has previously worked in the IT and law sector in San Fransisco, USA and Tallinn, Estonia. He has co-founded digital media company Vigvam Studio and a daily deals site acquired by the market leader in 2010. Oliver Ahlberg has earned a law degree from University of Tartu.

## Veljo Toodo
- Type: Angel
- Relevant deals: 3
- Stages: Angel, Pre-Seed
- Focus: Apps, Fitness, Software

Veljo Toodo

## Taavi Madiberk
- Type: Angel
- Location: Dresden, Sachsen, Germany
- Relevant deals: 3
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, Information Technology, SaaS

Taavi Madiberk is the Co-Founder and Chief Executive Officer at Skeleton Technologies. His business development, sales and marketing and company management skills have been instrumental in setting-up and driving growth. He has been the driving force for excellent customer traction, (the company counts as customers European Space Agency and severalTier 1 automotives), business strategy (leveraging the advantage in materials technology to energy storage cells and modules), product development and fundraising from venture capital, private equity and public sources in German, Estonian and EU level. Taavi Madiberk brings knowledge from the IT, locomotive and NGO sectors from his experience prior to Skeleton Technologies. Among other Board positions he has served as the youngest ever Chairman of the Supervisory Board in Estonian Railways Ltd (AS Eesti Raudtee) from 2012-2014 the national railway. He also served as a Member of the Supervisory Board of RKAS in 2014, an Estonian state-owned real estate company with over 400 M EUR of assets.

## Kash Dhanda
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Angel, Pre-Seed
- Focus: Blockchain, Web3, Cryptocurrency

Kash Dhanda

## Stefan Lindeberg
- Type: Angel
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, Gaming, PC Games

Stefan Lindeberg was the Venture Partner and Co-founder of Nordic Game Ventures. He attended Linköping University.

## Indrek Prants
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Education, Recruiting, Professional Services

Indrek Prants - Co-Founder @ Elasteq do Brasil

## Yiğit Barış Şemin
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Crowdsourcing, Computer Vision

Yiğit Barış Şemin

## Sebastien Borget
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Blockchain, Gaming, Cryptocurrency

Sebastien Borget is based out of Paris, Île-de-France and serves as the Global Ambassador of The Sandbox. Sebastien attended The Chinese University of Hong Kong.

## Madis Müür
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Equity Crowdfunding, Pre-Seed
- Focus: Apps, Cycling, Security

Madis Müür

## Triin Hertmann
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: FinTech, Software, E-Commerce

Triin Hertmann is founder of Grünfin, a sustainable investment platform, angel investor (mostly in Estonia and Nordics region). She is a former COO at TransferWise and early employee of Skype.

## Aydın Mizrahi
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, InsurTech, Logistics

Aydın Mizrahi

## Taavi Lepmets
- Type: Angel
- Location: Luxembourg, Luxembourg, Luxembourg
- Relevant deals: 2
- Stages: Seed, Angel
- Focus: Software, Human Resources, Apps

Taavi Lepmets - Co-Founder @ Karu Capital

## Emre Kozlu
- Type: Angel
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Artificial Intelligence, InsurTech

Emre Kozlu is a Director Strategy & Program Delivery at Philip Morris International.

## Christopher Sier
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Education, Recruiting, Professional Services

Christopher Sier - Executive Chairman @ ClearGlass

## Janno Oja
- Type: Angel
- Relevant deals: 2
- Stages: Angel, Pre-Seed
- Focus: Apps, Fitness, Software

Janno Oja

## Taavi Tamkivi
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, Financial Services, AgTech

Taavi Tamkivi was Helping in Banks & FinTechs fight FinCrime. also a Founder & CEO at Salv .

## Priit Kasesalu
- Type: Angel
- Relevant deals: 2
- Stages: Seed
- Focus: iOS, Apps, Email

Priit is heavily involved in assessing all of ASI's new technology investments.Before ASI, Priit played an integral role in developing Kazaa and later Skype; indeed, he continues to work at Skype as a core library developer.While cryptography and data communication are his areas of expertise, his other passion is computer gamedevelopment. Together with Ahti and Jaan, he wrote the first Estonian commercial computer game, Kosmonaut.When he isn't using his innate ability to solve complex technical problems, Priit enjoys good company, gourmet restaurants and biking.He holds a degree in automation and system technology from Tallinn University of Technology.

## Engin Gürsöz
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Crowdsourcing, Computer Vision

Engin Gürsöz

## Toomas Bergmann
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Angel
- Focus: Hardware, Mobile Apps, Construction

Toomas Bergmann

## Joachim Hedenius
- Type: Angel
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Gaming, 3D Technology, Virtual Reality

Joachim Hedenius is the VPE and Co-Founder of KRY.

## Joakim Karske
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Education, Recruiting, Professional Services

Joakim Karske

## Batuhan Gültakan
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Crowdsourcing, Computer Vision

Batuhan Gültakan

## Toomas Kont
- Type: Angel
- Relevant deals: 2
- Stages: Angel, Pre-Seed
- Focus: Apps, Fitness, Software

Toomas Kont

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