# Top 50 Angel Investors in Estonia in May 2026

## Ragnar Sass
- Type: Angel
- Relevant deals: 13
- Stages: Pre-Seed, Seed
- Focus: Software, Information Technology, SaaS

Ragnar Sass has strongest skill is to find the best people and keep them rocking in speed of 200 km/h. He has organized 20+ Hack-a-thons Garage48 in Eastern Europe + West & East-Africa. He advise other founders and share experience where it could help.

## 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 Future of Life Institute.

## Martin Villig
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 11
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, Information Technology, 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: 11
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Financial Services, Artificial Intelligence

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: 11
- Stages: Pre-Seed, Seed, Angel
- Focus: Software, SaaS, Recruiting

Martin Tajur is the co-founder of Pipedrive.

## Martin Henk
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 9
- Stages: Pre-Seed, Seed, Angel
- Focus: Software, SaaS, Information Technology

Martin Henk is the Co-founder of Pipedrive.

## Timo Rein
- Type: Angel
- Location: New York, New York, United States
- Relevant deals: 7
- Stages: Seed, Angel, Convertible Note
- Focus: Software, Artificial Intelligence, Human Resources

Timo Rein - Co-Founder @ Pipedrive

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

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.

## Kristjan Vilosius
- Type: Angel
- Relevant deals: 7
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, Information Technology, E-Commerce

Kristjan Vilosius - Co-Founder and CEO @ Katana

## Taavet Hinrikus
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 7
- Stages: Seed, Series A, Series B
- Focus: FinTech, Financial Services, Software

Taavet Hinrikus is co-founder and CEO of TransferWise. Prior to starting TransferWise, Taavet was Skype’s director of strategy until 2008, starting as its first-ever employee. One of the World Economic Forum's Tech Pioneers, Taavet is an adviser to Prime Minister of Estonia on the digital agenda. He’s also a mentor and angel investor; hisinvestments include Tweetdeck, Mendeley, OMGPOP, Property Partner, Sunrise, Improbable and Mapillary.

## Taavi Kotka
- Type: Angel
- Relevant deals: 7
- 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.

## Kaarel Kotkas
- Type: Angel
- Relevant deals: 7
- Stages: Seed, Series A, Angel
- Focus: Gaming, Software, 3D Technology

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

## Triin Hertmann
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 6
- 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.

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

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

## Alvar Lumberg
- Type: Angel
- Relevant deals: 5
- Stages: Seed
- Focus: Software, FinTech, GreenTech

Alvar Lumberg - CTO, co-founder @ Grünfin

## Peep Vain
- Type: Angel
- Relevant deals: 5
- Stages: Seed, Angel
- Focus: Software, Genetics, Recruiting

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

## Mikko Silventola
- Type: Angel
- Relevant deals: 5
- Stages: Seed, Pre-Seed, Angel
- Focus: E-Commerce, Transportation, Apps

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.

## Ahti Heinla
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 5
- Stages: Seed, Angel, Series A
- Focus: Internet, Project Management, 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.

## Taavi Tamkivi
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 4
- Stages: Seed, Angel, Pre-Seed
- Focus: Financial Services, Software, AgTech

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

## Markus Villig
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 4
- Stages: Seed, Angel
- Focus: E-Commerce, FinTech, Financial Services

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

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

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.

## Martin Sokk
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 3
- Stages: Pre-Seed, Seed
- Focus: Rental, FinTech, Finance

Martin Sokk is a Co-Founder, CEO of Lightyear Company. He attended Estonian Information Technology College.

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

Marek Kiisa is the co-founder and Managing Partner at NordicNinja VC, and the co-founder and partner at Superangel.io. He has made 15 private angel investments and created several companies, like Astrec Baltic, Pilvio.io and Kood/Johvi coding school. He has his Master Degree on Machine Design from KTH Stockholm and he is a Kauffman FellowClass 19.

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

hi VC

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

Andres Kull

## James Berdigans
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Drones, Delivery, Software

James Berdigans - CEO & Founder @ Printify

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

Kuido Lepik - Owner & CEO @ Signiti

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

Veljo Toodo

## Urmas Purde
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Angel
- Focus: Software, Recruiting, Human Resources

Co-Founder of Pipedrive.

## 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.

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

Janno Oja

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

Joakim Karske

## Jason Calacanis
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, Internet, E-Commerce

Jason Calacanis is the Founder and CEO of Inside.com and Launch. He previously worked at Weblogs as a Co-Founder and CEO.

## Toivo Annus
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: E-Commerce, Software, FinTech

Active individual investor in flying drones, also looking at payments and ecommerce.

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

Engin Gürsöz

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

Yiğit Barış Şemin

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

Toomas Bergmann

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

Emre Kozlu

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

Batuhan Gültakan

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

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

## Oliver Ahlberg
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Angel
- Focus: Information Technology, Software, SaaS

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.

## 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

## Kair Käsper
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Angel, Pre-Seed
- Focus: SaaS, Software, Recruiting

Kair Kasper is the Co-Founder and CRO at Klaus.

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

Sebastien Borget is the Co-founder and COO of Pixowl. Passionate for blockchain technology, gaming and education, he is a very active speaker and evangelist who spent the past 8 years focused exclusively on mobile gaming, creating successful games that were downloaded millions of times.

## 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

## Peter Sandberg
- Type: Angel
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 2
- Stages: Angel, Pre-Seed, Secondary Market
- Focus: Internet, Artificial Intelligence, FinTech

Peter Sandberg is a co-founder of Nordic Secondary Fund, and a venture partner at Startup Wise Guys.
He has extensive experience as a Business Angel and in asset management.

## Akim Arhipov
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, iOS, Apps

Akim is an Estonian entrepreneur who has cofounded BAASIS ID with Sergey Shcherbak – all-in-one identity verification (KYC) platform for financial institutions and governmental agencies in Southeast Asia. Akim’s team was participated in creation of electronic ID system and eGovernment portals for Estonian government.BAASIS ID use biometric facialrecognition, passport / ID validation, bank account validation and sanctions screening in automatic way providing final approval results in 3 minutes.For businesses, BAASIS ID means the end of vast, vulnerable databases of customer data – hugely reducing the risk of regulatory issues, fraud and the reputational damage of a breach providing the data storage in the blockchain.Proud to be a facilitator of reputation economy among Southeast Asia regulatory sandboxes and governmental agencies, like Security and Exchanges Commision of Thailand and Bank Negara Malaysia. Akim and his team work together with Bahrain government in order to build electronic identity system for citizens.Previously a co-founder of successful companies in IT and transportation sectors – OnniBus.com and SuperBus.com. The first one is the most successful commercial bus operator in Finland: 20 lines, 200+ daily departures, 6+ million passengers served annually.

## Artis Kehris
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Information Technology, Information Services, Legal

Artis Kehris - Co-Founder @ Printify

## Maximilian Tayenthal
- Type: Angel
- Location: Berlin, Berlin, Germany
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: FinTech, Financial Services, Information Technology

Maximilian Tayenthal is co-founder and co-CEO of N26. Together with his business partner and friend Valentin Stalf, he built one of the first and now fastest-growing mobile banks in Europe. Their vision was to create a retail bank that's flexible, transparent and speaks to today's digital lifestyles. Previously, Max worked in a varietyof consulting and financial roles at leading professional services firms, including CMS and Booz & Company. Max holds bachelor’s and master’s degrees in economics and business administration from the University of Vienna. He also has a master’s degree in economics from the Community of European Management Schools, as well as a law degree form the University of Vienna. Max is a CFA charterholder. While Max is based in Berlin, he always makes time for his passion outside of personal finance: skiing in the mountains of Austria and Switzerland.

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