# Top 50 VC (Venture Capital) Funds in Estonia in June 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Specialist VC | 41 | Estonia, United Kingdom, Finland | Seed, Pre-Seed | Software, Information Technology, Artificial Intelligence |
| Tera Ventures | 35 | Estonia, United States, United Kingdom | Seed, Series A, Pre-Seed | Software, E-Commerce, Artificial Intelligence |
| Superangel | 35 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, Information Technology |
| Lemonade Stand | 29 | Estonia, Lithuania, India | Seed, Pre-Seed | Software, Artificial Intelligence, FinTech |
| Prototron | 24 | Estonia, Finland, Germany | Pre-Seed, Grant, Seed | Software, Manufacturing, Internet of Things |
| Change Ventures | 23 | Estonia, Latvia, Lithuania | Seed, Pre-Seed, Series A | Software, Information Technology, Apps |
| Icebreaker.vc | 23 | Finland, Estonia, Sweden | Pre-Seed, Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Thorgate Ventures | 18 | Estonia, United Kingdom, Norway | Seed, Pre-Seed, Series A | Software, SaaS, FinTech |
| Spring Capital | 11 | Estonia, Finland, United States | Seed, Pre-Seed, Series A | Software, SaaS, E-Commerce |
| Karma Ventures | 10 | Estonia, United States, Finland | Series A, Seed, Series B | Software, Artificial Intelligence, FinTech |
| TMT Investments | 9 | United States, Estonia, United Kingdom | Seed, Series A | Software, SaaS, Social Media |
| Ambient Sound Investments | 8 | Estonia, United States, United Kingdom | Seed, Series A | Internet, Software, E-Commerce |
| Sunly | 8 | Estonia, France, Finland | Seed, Pre-Seed | Solar, CleanTech, Rental |
| Trind Ventures | 8 | Finland, Estonia, Spain | Seed, Series A | Software, Information Technology, SaaS |
| Passion Capital | 7 | United Kingdom, United States, Germany | Seed, Series A, Series B | Software, FinTech, Financial Services |
| Gorilla Capital | 7 | Finland, Sweden, Estonia | Pre-Seed, Seed, Series A | Software, SaaS, Information Technology |
| LIFT99 | 6 | Estonia, United Kingdom, El Salvador | Pre-Seed, Seed, Series A | Software, Information Technology, Legal |
| Iron Wolf Capital | 6 | Lithuania, Estonia, United Kingdom | Seed, Series A, Pre-Seed | Software, Information Technology, SaaS |
| Superhero Capital | 6 | Finland, Lithuania, Estonia | Seed, Pre-Seed | Software, Information Technology, Internet |
| Enterprise Estonia | 6 | Estonia | Grant, Seed, Pre-Seed | Biotechnology, Software, Mobile Apps |
| Verge HealthTech Fund | 6 | Estonia, Singapore, United Kingdom | Seed, Pre-Seed, Series A | Health Care, Medical Device, Medical |
| BADideas.fund | 6 | Estonia, Latvia, Lithuania | Pre-Seed, Seed, Grant | Software, Information Technology, Artificial Intelligence |
| Metaplanet | 6 | United States, United Kingdom, Estonia | Seed, Series A, Series B | Artificial Intelligence, Software, Health Care |
| EstBAN | 6 | Estonia, Latvia, Lithuania | Seed, Pre-Seed, Angel | Software, Information Technology, Manufacturing |
| Earlybird Venture Capital | 5 | Germany, United States, United Kingdom | Series A, Seed, Series B | Software, Information Technology, Artificial Intelligence |
| Tiny Supercomputer Investment Company | 5 | United Kingdom, Germany, United States | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, Information Technology |
| Vestman Energia | 5 | Estonia | Pre-Seed, Seed | Water, Software, CleanTech |
| Contrarian Ventures | 5 | Lithuania, United Kingdom, France | Seed, Series A, Pre-Seed | Software, Renewable Energy, Energy |
| AU21 Capital | 5 | United States, Singapore, United Kingdom | Seed, Initial Coin Offering | Blockchain, Cryptocurrency, Gaming |
| Tiny VC | 5 | United Kingdom, Germany, United States | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, Information Technology |
| Presto Ventures | 4 | Czech Republic, United States, Estonia | Seed, Pre-Seed, Series A | SaaS, Software, Information Technology |
| Inventure | 4 | Finland, Sweden, United States | Seed, Series A, Series B | Software, Information Technology, Health Care |
| Zenith Family Office | 4 | Estonia, United States | Pre-Seed | SaaS, Commercial Real Estate, B2B |
| Contriber Ventures | 4 | Estonia, Finland, Germany | Seed, Angel, Series A | Software, Apps, SaaS |
| Shima Capital | 4 | United States, Singapore, United Kingdom | Seed, Pre-Seed | Blockchain, Cryptocurrency, Gaming |
| BlackFin Capital Partners | 4 | France, Germany, Denmark | Series A, Private Equity, Series B | Financial Services, FinTech, Software |
| Expeditions | 4 | United Kingdom, United States, Estonia | Seed, Series A, Pre-Seed | Software, Information Technology, Artificial Intelligence |
| Ukrainian Startup Fund | 4 | Ukraine, United States, Estonia | Pre-Seed, Seed, Grant | Software, Information Technology, SaaS |
| Little Green Fund | 4 | Estonia | Pre-Seed | CleanTech, GreenTech, Manufacturing |
| Mapleblock Capital | 4 | Singapore, United States, Estonia | Seed, Series A | Blockchain, Gaming, Cryptocurrency |
| Token Ventures | 4 | Estonia, France, Austria | Seed, Pre-Seed | Blockchain, Cryptocurrency, FinTech |
| The Spartan Group | 4 | United States, Singapore, United Kingdom | Seed, Series A | Blockchain, Cryptocurrency, Software |
| LD Capital | 4 | United States, Singapore, United Kingdom | Seed, Initial Coin Offering | Blockchain, Cryptocurrency, Gaming |
| ff Venture Capital | 4 | United States, Poland, Canada | Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Cryptomeria Capital | 4 | Estonia, Canada, United States | Seed | Blockchain, FinTech, Cryptocurrency |
| Practica Capital | 4 | Lithuania, United Kingdom, United States | Seed, Pre-Seed, Series A | B2B, Software, Information Technology |
| ZAKA VC | 3 | Germany, United Kingdom, Austria | Seed, Pre-Seed | Software, Information Technology, Artificial Intelligence |
| Decacorn Capital | 3 | United States, Israel, Singapore | Seed, Series B | Software, Information Technology, Artificial Intelligence |
| Flyer One Ventures | 3 | United States, United Kingdom, Cyprus | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, Information Technology |
| TechOne VC | 3 | Turkey, United States, Estonia | Seed, Pre-Seed | Software, SaaS, Information Technology |