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Top 50 Blockchain Startup Investors in Estonia (May 2026)

The most active venture capital funds and angel investors investing in Estonia Blockchain startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Estonia Blockchain startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Shima Capital
VC Fund
3 United States, United Kingdom, Singapore Seed, Pre-Seed Blockchain, Cryptocurrency, Gaming $1M–$7.7M
Cryptomeria Capital
VC Fund
3 Estonia, Canada, United States Seed Blockchain, FinTech, Cryptocurrency $1M–$12M
Master Ventures
VC Fund
2 United States, Singapore, Hong Kong Seed, Initial Coin Offering Blockchain, Gaming, Information Technology $1.2M–$60M
CoinFund
VC Fund
2 United States, United Kingdom, Switzerland Seed, Series A Blockchain, Cryptocurrency, Financial Services $1M–$16M
Digital Finance Group (DFG)
VC Fund
2 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, FinTech $243k–$100M
Mapleblock Capital
VC Fund
2 Singapore, Switzerland, United States Seed, Series A Blockchain, Cryptocurrency, FinTech $1.7M–$6M
Jsquare
VC Fund
2 Estonia, United States, Canada Seed, Series A, Pre-Seed Blockchain, Cryptocurrency, FinTech $2.5M–$3M
Morgan Creek Digital
VC Fund
2 United States, Canada, Israel Seed, Series A, Series B Blockchain, FinTech, Cryptocurrency $2.5M–$18M
Crypto3 Capital
VC Fund
2 Estonia, India, Singapore Seed, Corporate Round Blockchain, Financial Services, Cryptocurrency $2.1M–$21M
The Spartan Group
VC Fund
2 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.3M–$15M
Digital Strategies
VC Fund
2 Canada, Estonia, Singapore Seed, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $1.8M–$34M
LD Capital
VC Fund
2 United States, Singapore, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $1.2M–$16M
AU21 Capital
VC Fund
2 Singapore, United States, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $1.2M–$14M
ZBS CAPITAL
VC Fund
2 United States, Singapore, India Seed, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $875k–$25M
Token Ventures
VC Fund
2 Estonia, France, Switzerland Seed, Pre-Seed Blockchain, Cryptocurrency, Gaming $900k–$3.5M
Blockwall
VC Fund
2 United States, France, Estonia Seed, Pre-Seed Blockchain, Software, Information Technology $50k–$15M
hypra.fund
VC Fund
1 Estonia, Ukraine Seed Blockchain, FinTech, Software $500k–$5M
NEAR
VC Fund
1 Canada, Estonia, United States Pre-Seed Cryptocurrency, Blockchain, SaaS
Kirin Fund
VC Fund
1 Estonia Seed Blockchain, Cryptocurrency, Gaming
Azimut Holding
VC Fund
1 Italy, China, Mexico Seed, Series A FinTech, Information Technology, Blockchain $1.7M–$17M
TA Ventures
VC Fund
1 United States, Germany, India Seed, Series A E-Commerce, Software, Internet $350k–$14M
KR1
VC Fund
1 United States, United Kingdom, Switzerland Seed, Pre-Seed Blockchain, FinTech, Internet $61k–$2.5M
Dragonfly
VC Fund
1 United States, Hong Kong, Singapore Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.6M–$35M
John Tsioris
Angel
1 Greece, Estonia Seed, Pre-Seed, Series A Travel, Internet, Blockchain
Crypto Venture Capital
VC Fund
1 Estonia Seed FinTech, Blockchain, Cryptocurrency
BitScale
VC Fund
1 United States, Singapore, Australia Seed, Series A Blockchain, Cryptocurrency, Financial Services $660k–$12M
JL Capital
VC Fund
1 Estonia, Thailand Seed, Series A FinTech, Internet, Logistics
Formless Capital
VC Fund
1 United States, Vietnam, Singapore Seed, Pre-Seed Blockchain, Gaming, Software $1.3M–$5.8M
Big Brain Holdings
VC Fund
1 United States, Switzerland, Singapore Seed, Pre-Seed Blockchain, Cryptocurrency, Gaming $300k–$7.5M
HG Ventures
VC Fund
1 South Korea, United States, Taiwan Seed, Initial Coin Offering Blockchain, Cryptocurrency, FinTech $1M–$5.7M
LAUNCHub Ventures
VC Fund
1 Bulgaria, United Kingdom, United States Seed, Series A Software, SaaS, Enterprise Software $40k–$54M
CharlieGaming CZ
VC Fund
1 Estonia Seed Gaming, Blockchain, Cryptocurrency
Prime Venture Partners
VC Fund
1 India, United States, Singapore Seed, Series A Software, FinTech, Information Technology $500k–$12M
Golden Egg Check Capital
VC Fund
1 The Netherlands, Canada, Estonia Seed, Pre-Seed Internet, Information Technology, Payments $250k–$2.7M
CatcherVC
VC Fund
1 Estonia, Singapore Seed, Corporate Round Financial Services, Blockchain, Gaming $1.5M–$3M
Block54
VC Fund
1 Estonia Seed Analytics, Blockchain, Ad Targeting
NFVentures
VC Fund
1 Estonia, Singapore Seed, Angel, Pre-Seed Blockchain, Cryptocurrency, CAD
Diamond Atlas Capital Limited
VC Fund
1 Estonia Seed Gaming, Blockchain, Cryptocurrency
Apostolos Apostolakis
Angel
1 Greece, United States, United Kingdom Seed, Series A E-Commerce, Software, Apps $92k–$10M
Icebreaker.vc
VC Fund
1 Finland, Estonia, Sweden Pre-Seed, Seed, Series A Software, Information Technology, Artificial Intelligence $54k–$16M
Coin98
VC Fund
1 Sweden, Estonia, Vietnam Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.8M–$7M
Parachain Ventures
VC Fund
1 Estonia, Gibraltar, Hong Kong Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.5M–$12M
Liu Jiang
Angel
1 United States, United Kingdom, Estonia Seed, Pre-Seed, Series B Software, Blockchain, B2B
byFounders
VC Fund
1 Denmark, United States, Germany Seed, Series A, Pre-Seed Software, Artificial Intelligence, Mobile Apps $1M–$15M
Collective Ventures
VC Fund
1 Estonia, Germany, United States Seed, Series A, Initial Coin Offering FinTech, Blockchain, Software
FunFair Ventures
VC Fund
1 Peru, Estonia, Isle of Man Seed FinTech, Financial Services, Gaming $900k–$1.5M
Gravity Team
VC Fund
1 Estonia Seed Analytics, Blockchain, Ad Targeting
Orange DAO
VC Fund
1 United States, Singapore, Spain Pre-Seed, Seed, Private Equity Cryptocurrency, Blockchain, Software $145k–$4.5M
DWF Labs
VC Fund
1 Singapore, United Kingdom, United States Pre-Seed, Seed Blockchain, Cryptocurrency, Information Technology $1M–$3.5M
BSCPad
VC Fund
1 Panama, Estonia, Singapore Seed, Initial Coin Offering Software, Blockchain, Cryptocurrency
Access all 133 investors in Estonia Blockchain startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!

Investor list

Shima Capital
VC Fund · San Francisco, California, United States · 3 investments in Estonia Blockchain startups, 33 in the past 12 months

Shima Capital is an investment fund that focuses on supporting cutting-edge blockchain startups. The firm is headquartered in San Francisco, California, United States.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Pre-Seed
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 194
  • Round size: Seed $1.5M–$7.7M; Pre-Seed $1M–$2.1M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • D3 — D3 - DNS Domains for Web3
  • jiritsu.network — Jiritsu is a decentralized protocol enabling verifiable compute.
  • Mythic Protocol — Mythic Protocol is an entertainment company that develops games, media and platforms.
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Cryptomeria Capital
VC Fund · Singapore, Central Region, Singapore · 3 investments in Estonia Blockchain startups

We help you to enter the Chinese crypto market. We invest in blockchain projects.

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Investment focus

  • Industry: Blockchain, FinTech, Cryptocurrency
  • Stage:Seed
  • Geography: Estonia, Canada, United States

Investor stats

  • Total investments: 18
  • Round size: Seed $1M–$12M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • MetaMundo — MetaMundo is the destination for collecting unique 3D avatars ready to use across games, VR/AR, social media and the metaverse.
  • Tradelize — Tradelize is LinkedIn for crypto traders and investors backed by real trading stats. Here anyone can find a way to increase their returns on the cryptocurrency market.
  • IQ Labs — IQ Marketplace offers unique NFTs with exclusive utilities, boosting your in-game experience. With flexible renting parameters and multiple payment options, rent without collateral and unlock the full utility of NFTs. Say goodbye to gas fees with our gasless renting feature and multiply the value of NFT collections with our multi-utility renting. Explore now
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Master Ventures
VC Fund · Central, Hong Kong Island, Hong Kong · 2 investments in Estonia Blockchain startups

Master Ventures is a blockchain focused venture studio. We combine visionary ideas, exceptional talent, and investment capital to invest and build the next generation of revolutionary blockchain businesses and products.

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Investment focus

  • Industry: Blockchain, Gaming, Information Technology
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Singapore, Hong Kong

Investor stats

  • Total investments: 55
  • Round size: Seed $1.7M–$7.7M; Initial Coin Offering $1.2M–$60M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: Likely still investing — raised $30M in 2021

Portfolio highlights

  • Arcade2earn — Arcade2earn is the GameFi platform that gives its community the opportunity to earn access to the ecosystem.
  • HitBox Games — HitBox Games was founded by industry veterans to provide dev teams around the world with a transparent and ethical publishing option.
  • Aether Games — Aether Games are the creative talent behind both of the widely expected NFT-based game titles: Gates of Ethernity and Cards of Ethernity. In addition, the studio's creative efforts are up to be represented by the CGI mini-series "Aether" and many more.
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CoinFund
VC Fund · Brooklyn, New York, United States · 2 investments in Estonia Blockchain startups, 9 in the past 12 months

CoinFund is where web3 capable meets web3 capital: cryptonative technologists who invest in the future before it's a trend.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Switzerland

Investor stats

  • Total investments: 124
  • Round size: Seed $1M–$7.5M; Series A $5M–$16M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely still investing — raised $300M in 2022

Portfolio highlights

  • Giza — Giza changes this by using zero-knowledge cryptography to bring model inferencing on-chain, unlocking a new depth for smart contract design.
  • P0x Labs — P0x labs is the team behind Manta Network is a privacy-preserving technology operating on the Polkadot blockchain.
  • Superstate — Superstate is developing the next generation of legal, blockchain-based financial solutions.
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Digital Finance Group (DFG)
VC Fund · Singapore, Central Region, Singapore · 2 investments in Estonia Blockchain startups, 7 in the past 12 months

Digital Finance Group (DFG) is a global blockchain and cryptocurrency investment firm. DFG was founded in 2015 and has assets under management of over $1 billion.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 85
  • Round size: Seed $243k–$6M; Series A $428k–$100M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Linera — Linera is the power of decentralization for everyone, everywhere.
  • Ledger — Secure your crypto assets such as Bitcoin, Ethereum, XRP, Monero and more. Give yourself peace of mind by knowing that your cryptocurrencies are safe
  • Earn Network — Onboarding millions to make billions in DeFi economy
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Mapleblock Capital
VC Fund · Delhi, Delhi, India · 2 investments in Estonia Blockchain startups

Mapleblock Capital is an investment firm that exclusively consults and invests in crypto-assets and blockchain companies. It was founded in 2017 and is headquartered in Delhi, India.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A
  • Geography: Singapore, Switzerland, United States

Investor stats

  • Total investments: 22
  • Round size: Seed $1.7M–$6M; Series A $4.1M–$4.1M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Shardeum — Shardeum is an EVM-based, linearly scalable smart contract platform that maintains low gas fees while providing true decentralization and solid security
  • Neptune Mutual — Need Crypto Insurance? You don't need to submit loss proof to receive payouts. No need to wait after creating a claim. Get a free price quote now.
  • Ready — Compete in mobile games to WIN cash!
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Jsquare
VC Fund · 2 investments in Estonia Blockchain startups, 6 in the past 12 months

Jsquare is a crypto investment and advisory company, aiming to be the top-tier investment institution in the blockchain industry.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Estonia, United States, Canada

Investor stats

  • Total investments: 17
  • Round size: Seed $2.5M–$3M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Shardeum — Shardeum is an EVM-based, linearly scalable smart contract platform that maintains low gas fees while providing true decentralization and solid security
  • Earn Network — Onboarding millions to make billions in DeFi economy
  • Tanssi Network — The Tanssi Network is a permissionless appchain infrastructure protocol designed for swift and effortless deployment of application-specific blockchains.
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Morgan Creek Digital
VC Fund · Chapel Hill, North Carolina, United States · 2 investments in Estonia Blockchain startups

Morgan Creek Digital is a hedge fund backed by Morgan Creek Capital. Morgan Creek Digital specializes in the fields of digital asset management, financial services, and venture capital. It was founded in 2004 and headquartered in Chapel Hill, North Carolina.

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Investment focus

  • Industry: Blockchain, FinTech, Cryptocurrency
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 28
  • Round size: Seed $2.5M–$4M; Series A $10M–$18M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • AIKON — AIKON is simplifying blockchain technology and providing intuitive products and services for enterprise companies.
  • Chain Reaction — Chain Reaction is engineering the future of disruptive blockchain and privacy technologies by accelerating compute and mining hardware performance.
  • Horizon Blockchain Games — We make web3 easy, fun, and accessible for users and builders.
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Crypto3 Capital
VC Fund · Grand Cayman, Midland, Cayman Islands · 2 investments in Estonia Blockchain startups

Damo Labs is a blockchain venture capital institution focusing on value investment

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Investment focus

  • Industry: Blockchain, Financial Services, Cryptocurrency
  • Stage:Seed, Corporate Round
  • Geography: Estonia, India, Singapore

Investor stats

  • Total investments: 12
  • Round size: Seed $2.1M–$21M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Cookie3 — Cookie3 is the data engine aggregating, processing, and interpreting all existing NFTs and tokens to understand Web3 users.
  • Deliq Finance — Deliq Finance is a decentralized liquidity provisioning protocol that provides outsourcing services for the Avalanche ecosystem.
  • Swell — Swell Network is a permissionless, non-custodial, and liquid ETH staking protocol that is built for stakers, node operators, and the Ethereum ecosystem. A community-driven and open-source protocol backed by the industry’s leading funds and angels.
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The Spartan Group
VC Fund · Singapore, Central Region, Singapore · 2 investments in Estonia Blockchain startups, 20 in the past 12 months

We advise, invest and build with the best entrepreneurs in Web3.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 132
  • Round size: Seed $1.3M–$8M; Series A $4M–$15M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Brine.fi — The best onchain spot trading crypto exchange
  • Gleen AI — Delight your customers. Get Gleen, the world's most accurate & capable generative AI-based chatbot. Trustworthy answers. Automatic actions. Unify knowledge.
  • Catalyst — Contributing to Catalyst, the permissionless liquidity layer for modular chains.
Show all investments...

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Digital Strategies
VC Fund · 2 investments in Estonia Blockchain startups

Blockchain & Gaming Investments, Value add advisory.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Initial Coin Offering
  • Geography: Canada, Estonia, Singapore

Investor stats

  • Total investments: 23
  • Round size: Seed $1.8M–$12M; Initial Coin Offering $5.5M–$34M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • NFT3 — NFT3s will become a direct monetization path for individuals to associate value on their terms with various aspects of their data journeys through life with different projects, individuals, social networks, companies, and institutions.
  • Bitcoin.com — The world's gateway to Bitcoin & cryptocurrency. Buy, sell, spend, swap, and invest in BTC, ETH, BCH, AVAX, MATIC & hundreds more digital assets. Stay informed about crypto, DeFi, and Web3.
  • Neo Financial — At Neo, we're innovating to make saving, spending and getting rewarded even more rewarding.
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LD Capital
VC Fund · Shanghai, Shanghai, China · 2 investments in Estonia Blockchain startups, 6 in the past 12 months

LD Capital is one of Asia's earliest organizations focusing on value investing in blockchain field. Owing to industrial resource advantages and professional investment research teams, LD Capital has successively discovered and invested in projects such as Qtum, Vechain and Eos which all achieved over 100 times return.Their teams spread overChina, the United States, Europe, Singapore, Japan, and South Korea, and have accumulated rich experience in areas of traditional internet, Fintech, and advanced blockchain technology. They are committed to the globalization of blockchain and quality investment in the entire industry.LD Capital focuses on blockchain innovation projects within finance, games, content publishing, Internet of Things and other circuits, and we have been propelling broad layout of blockchain technology and infrastructure construction to facilitate the comprehensive development of the global blockchain ecosystem.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 130
  • Round size: Seed $1.3M–$9M; Initial Coin Offering $1.2M–$16M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • GAM3S.GG — Your home of web3 gaming offering game discovery, reviews, guides, news & quests for a full experience.
  • Ola — Ola is a ZKVM-based, High-performance, Privacy-focused layer2 platform.
  • Earn Network — Onboarding millions to make billions in DeFi economy
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AU21 Capital
VC Fund · San Francisco, California, United States · 2 investments in Estonia Blockchain startups

A fund dedicated to backing the most brilliant minds in the blockchain space

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Initial Coin Offering
  • Geography: Singapore, United States, United Kingdom

Investor stats

  • Total investments: 124
  • Round size: Seed $1.3M–$5.8M; Initial Coin Offering $1.2M–$14M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Nillion — The Secure Processing Layer of Web3
  • The Unfettered — The Unfettered is a blockchain PC game.
  • Cryption Network — Cryption Network is crypto company. Its can swap, farm, Invest and predict with cryption's unique and user-friendly DeFi 2.0 products. Bringing mass adoption to DeFi. PolyDEX is cryption's flagship product, which is completely gasless, instant, cross-chain AMM DEX with yield farming.
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ZBS CAPITAL
VC Fund · 2 investments in Estonia Blockchain startups

ZBS Capital - distinguished crypto venture fund, backed by major media resources including CryptoDiffer.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Singapore, India

Investor stats

  • Total investments: 93
  • Round size: Seed $875k–$5M; Initial Coin Offering $3.7M–$25M
  • Lead/follow: 1% lead, 99% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Itheum — As we enter the web3 and metaverse era; Itheum unlocks data silos and generates new value for your data.
  • MeMusic — MeMusic is a blockchain NFT music service platform that uses blockchain technology to provide users with a music ecosystem experience.
  • The Unfettered — The Unfettered is a blockchain PC game.
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Token Ventures
VC Fund · 2 investments in Estonia Blockchain startups

We see a bright future of blockchain-based technologies.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Pre-Seed
  • Geography: Estonia, France, Switzerland

Investor stats

  • Total investments: 4
  • Round size: Seed $900k–$3.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Elusiv — Elusiv offers compliance in mind with next-generation privacy solutions for a better Web3.
  • Swipelux — Swipelux is a payment gateway widget, that enables the end-user to buy crypto using his credit/debit card. Swipelux is B2B focus, with the ability to integrate this fast, safe and flexible widget into all kinds of Websites, Crypto exchanges, Crypto wallets, Defi, NFT marketplaces.
  • Legends of Elysium — Legends of Elysium is a fantasy Free-To-Play fusion of Card & Board Game enhanced with strategic elements.
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Blockwall
VC Fund · Frankfurt, Hessen, Germany · 2 investments in Estonia Blockchain startups

Thesis-driven, industry-focused and independent blockchain investment firm funding the development of Web 3.0 and decentralized technologies from the heart of Europe, Frankfurt - Germany

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Investment focus

  • Industry: Blockchain, Software, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: United States, France, Estonia

Investor stats

  • Total investments: 28
  • Round size: Seed $3.8M–$15M; Pre-Seed $50k–$1.8M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Rainmaker Games — The free global platform to play hundreds of play-to-earn games - connecting gamers, games, and guilds worldwide.
  • Collectibles.com — Collectibles.com is a Web3 community and marketplace for collectors and the worldwide collectibles sector.
  • Immortal Game — Immortal Game is a play-and-earn, free-to-play, Immortal game that introduces a layer of strategy to the most played board game.
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hypra.fund
VC Fund · Lisbon, Lisboa, Portugal · 1 investments in Estonia Blockchain startups

We create the conditions for rapid company growth so the founder can focus entirely on product development.

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Investment focus

  • Industry: Blockchain, FinTech, Software
  • Stage:Seed
  • Geography: Estonia, Ukraine

Investor stats

  • Total investments: 2
  • Round size: Seed $500k–$5M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Utorg — Utorg is a fintech company that offers а modern on/off-ramp and web3 consumer infrastructure to deliver а top-notch user experience. The company is EU-based and holds a license for providing a virtual currency service, in particular exchanging a virtual currency against fiat currency, virtual currency wallet service, and exchanging virtualcurrency against a virtual currency.Utorg was founded in 2020 and is based in Tallinn, Estonia.
  • EvaCodes — We take every project personally. We treat each business idea as our own. We invest the expertise, the know-how, the entrepreneurial spirit to impart the innovative interpretation and digital embodiment to our clients’ ideas. We aim to present only solutions to clients while hiring the top IT talent to deal with unavoidable issues.Evacodesrecognizes the competitive edge of the blockchain development services market. This is just one of the multiple reasons why we go that extra mile. Every time. With every project. This is also why we keep winning tenders for mobile app and software development services. This is why we manage to keep our clients coming back with bigger projects & still live up to their high expectations. App after app again.Our major expertise in custom software development lies in the below fields:Blockchain solutions Mobile Apps development Custom Software development E-commerce Software QA & testing IoT solutions Digital transformation We are focusing on assisting to integrate digital transformation to mid-sized and growing businesses from these industries:FinTech Real estate Communication Healthcare Media Business Retail & Commerce Games & Entertainment Education
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NEAR
VC Fund · San Francisco, California, United States · 1 investments in Estonia Blockchain startups

Near develops an application platform designed to bring blockchain to a wide variety of mainstream applications.

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Investment focus

  • Industry: Cryptocurrency, Blockchain, SaaS
  • Stage:Pre-Seed
  • Geography: Canada, Estonia, United States

Investor stats

  • Total investments: 5
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Guildx — GuildX - It is an ecosystem for gaming guilds (Play to Earn games players) and investors. It is a comprehensive tool consisting of a software solution and a set of decentralized solutions for gaming guilds for management and monetization.
  • Opolis — Opolis is next-gen Digital Employment Platform for Freelancers providing payroll, benefits and other services for independent workers and freelancers.
  • Orange DAO — A new tool that blends your everyday work apps into one. It's the all-in-one workspace for you and your team
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Kirin Fund
VC Fund · 1 investments in Estonia Blockchain startups

Kirin Fund is a blockchain technology-related venture capital that is composed of professionals from the field of blockchain and traditional capital markets.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed
  • Geography: Estonia

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • KOK Chain — KOK Project - KOK | Keystone of Opportunity and Knowledge - Fair and Shared Digital Contents Blockchain
  • Tradelize — Tradelize is LinkedIn for crypto traders and investors backed by real trading stats. Here anyone can find a way to increase their returns on the cryptocurrency market.
  • StarSharks — StarSharks is a NFT-GameFi ecosystem based on the BSC chain developed by game players, governance committees, and game developers. The game integrates different types of games and breaks down barriers found between games by allowing players to use the same character to enter the Shark-metaverse. It enables players come together to build and govern a new metaverse and create a community culture in the Shark-metaverse.
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Azimut Holding
VC Fund · Milan, Lombardia, Italy · 1 investments in Estonia Blockchain startups

Azimut Holding is an independent financial company that offers investment solutions to develop excellent levels of experience. The company's business model is based on the vertical integration between asset management and distribution. It has portfolio managers and analysts based in major hubs around the world and a network of client-facingfinancial advisors operating to deliver quality advice to clients.Azimut Holding was founded on 1989 and is headquartered in Milan, Italy.

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Investment focus

  • Industry: FinTech, Information Technology, Blockchain
  • Stage:Seed, Series A
  • Geography: Italy, China, Mexico

Investor stats

  • Total investments: 13
  • Round size: Seed $2.4M–$9.1M; Series A $1.7M–$17M
  • Lead/follow: 54% lead, 46% follow

Portfolio highlights

  • Capitual — Capitual is an FIU Licensed, global leader in fiat and digital money solutions for both personal and business use. It's the world's first Hybrid Digital Bank where finances and blockchain technology merge into an inclusive future. It helped connecting the financial world of LATAM with EUROPE by bringing the saving, transferring andinvesting on a reliable and stable system, which gives a completely secure environment that allows the full management to be done seamlessly , privately and instantaneously.
  • MICROTECH — Microtech provides technical support for electro-medical equipment used in public and private healthcare organizations. Their services include preventive maintenance,corrective maintenance,electrical safety,creation and assistance,and  testing. They created QMS and meticulously inspected every component of it.
  • Alps Blockchain — Alps Blockchain is a company specialized in research and development in the sectors of blockchain and data mining.
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TA Ventures
VC Fund · Frankfurt, Hessen, Germany · 1 investments in Estonia Blockchain startups

TA Ventures is globally-minded and network-driven VC firm investing in early-stage tech startups in Europe and North America shaping the industries of tomorrow. Our ticket size starts from $100k up to $1M. We offer speed of execution, proactive support, and access to a broad international network. Drawing upon our network, we support our portfoliocompanies by proactively soliciting large, growth-minded co-investors in subsequent rounds. We utilize our industry knowledge and network to give portfolio companies and partner VCs access to the highly skilled and cost-effective R&D outsourcing teams in Central and Eastern Europe.

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Investment focus

  • Industry: E-Commerce, Software, Internet
  • Stage:Seed, Series A
  • Geography: United States, Germany, India

Investor stats

  • Total investments: 135
  • Round size: Seed $350k–$5M; Series A $2.3M–$14M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Giza — Giza changes this by using zero-knowledge cryptography to bring model inferencing on-chain, unlocking a new depth for smart contract design.
  • Utorg — Utorg is a fintech company that offers а modern on/off-ramp and web3 consumer infrastructure to deliver а top-notch user experience. The company is EU-based and holds a license for providing a virtual currency service, in particular exchanging a virtual currency against fiat currency, virtual currency wallet service, and exchanging virtualcurrency against a virtual currency.Utorg was founded in 2020 and is based in Tallinn, Estonia.
  • Cube3.ai — CUBE3.AI is a web3 security platform that provides real-time transaction protection for smart contracts, safeguarding against cyber exploits, fraud, and compliance risks.
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KR1
VC Fund · Douglas, NA - Isle of Man, Isle of Man · 1 investments in Estonia Blockchain startups

KR1 is a publicly listed investment company focussed on the blockchain ecosystem. We invest in early stage projects and blockchain-based digital assets.

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Investment focus

  • Industry: Blockchain, FinTech, Internet
  • Stage:Seed, Pre-Seed
  • Geography: United States, United Kingdom, Switzerland

Investor stats

  • Total investments: 41
  • Round size: Seed $61k–$2.5M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Anoma — An intent-centric architecture for decentralized counterparty discovery, solving, information flow control, & multi-chain atomic settlement
  • Side Protocol — Side Protocol is a distributed mesh liquidity solution that makes use of cutting-edge inter-blockchain asset trading application protocols. Side Protocol, in contrast to liquidity hubs, intends to decentralize liquidity between various blockchain networks while maintaining interconnection.
  • Superchain Network — The Open Index Protocol - By collecting and customising data in minutes, Superchain serves as the layer on top of which builders create applications, faster
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Dragonfly
VC Fund · San Francisco, California, United States · 1 investments in Estonia Blockchain startups, 20 in the past 12 months

A cross-border cryptoasset investment firm. Global from day one.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Hong Kong, Singapore

Investor stats

  • Total investments: 128
  • Round size: Seed $1.6M–$10M; Series A $6M–$35M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Florida Street — PIXEL GG INC.
  • Ethena — Ethena provides derivative infrastructure in order to transform Ethereum into the first crypto-native yield bearing stablecoin.
  • Mahjong Meta — Mahjong Meta is a Web3 gaming platform on Ethereum, providing Mahjong lovers with an innovative gaming experience.
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John Tsioris
Angel · 1 investments in Estonia Blockchain startups

John Tsioris is the CEO at InstaShop.

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Investment focus

  • Industry: Travel, Internet, Blockchain
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Greece, Estonia

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Kriptomat — Buying, selling, and storing your favorite cryptocurrencies has never been easier! Register in seconds, and start trading in minutes on Kriptomat.
  • Pandas — We are Green Panda and our mission is to give consumers the most value out of their smartphone with zero hassle, by empowering them to sell/trade it in the fastest, safest, and easiest way possible. 1Bn (with a B!) smartphones stop being used, every year after you upgrade to the latest and greatest. But there is a solution as simple astrading them in and getting paid while participating in the circular economy. So, why aren’t people selling their old phones, we wondered? This is where Green Panda comes in. Inspired by humans and powered by tech, we make sure that the frustrating experience of selling your smartphone is now as quick and easy as using a kiosk near you. Our patented A.I. technology in the Green Panda kiosks allows us to evaluate a smartphone’s condition, from the smallest nick to serious technical issues, with unprecedented accuracy. Oh, and we pay users on the spot, straight to their bank account/credit card.
  • Welcome Pickups — Book a trusted local driver to pick you up and introduce you to your next destination, pre-order travel essentials.
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Crypto Venture Capital
VC Fund · 1 investments in Estonia Blockchain startups

Crypto Venture Capital is an investment firm.

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Investment focus

  • Industry: FinTech, Blockchain, Cryptocurrency
  • Stage:Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Tradelize — Tradelize is LinkedIn for crypto traders and investors backed by real trading stats. Here anyone can find a way to increase their returns on the cryptocurrency market.
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BitScale
VC Fund · 1 investments in Estonia Blockchain startups

BitScale invest in teams and solutions that bring transparency and efficiency to our world with cutting-edge technologies.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Australia

Investor stats

  • Total investments: 34
  • Round size: Seed $660k–$7M; Series A $5M–$12M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Unlockd — Maximize the return on your NFTs with cross-chain, instant loans while keeping their utility.
  • Fluidity Money — Fluidity Money is the blockchain incentive platform that rewards with yields to people for using their crypto.
  • Sandstorm — Sandstorm platform connects brands with the best metaverse builders.
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JL Capital
VC Fund · Singapore, Central Region, Singapore · 1 investments in Estonia Blockchain startups

JL Capital is an investment company that manages mutual funds.

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Investment focus

  • Industry: FinTech, Internet, Logistics
  • Stage:Seed, Series A
  • Geography: Estonia, Thailand

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • aCommerce — aCommerce, the largest e-commerce enabler in Southeast Asia. End-to-end e-commerce management services trusted by top global brands.
  • Tradelize — Tradelize is LinkedIn for crypto traders and investors backed by real trading stats. Here anyone can find a way to increase their returns on the cryptocurrency market.
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Formless Capital
VC Fund · 1 investments in Estonia Blockchain startups

Formless Capital is a cross-border investment fund that invests in the future of blockchain and technologies.

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Investment focus

  • Industry: Blockchain, Gaming, Software
  • Stage:Seed, Pre-Seed
  • Geography: United States, Vietnam, Singapore

Investor stats

  • Total investments: 29
  • Round size: Seed $1.3M–$5.8M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Outdefine — Explore global remote tech jobs offers on Outdefine. Connect and learn with Professionals, get enterprise jobs for Free and earn DEFN Token rewards.
  • WeaveDB LTD — WeaveDB is Firestore on Smart Contract bringing web2 UX to web3 dapps both for users and developers.
  • Curio Research — Creative studio building crypto powered games.
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Big Brain Holdings
VC Fund · 1 investments in Estonia Blockchain startups, 35 in the past 12 months

Big Brain Holdings is Focused on Investing in Solana projects that have strong potential.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Pre-Seed
  • Geography: United States, Switzerland, Singapore

Investor stats

  • Total investments: 71
  • Round size: Seed $850k–$7.5M; Pre-Seed $300k–$1.4M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Artela — Artela is an extensible blockchain network enabling developers to build feature rich dApps.
  • Web3Go — Web3Go is a blockchain startup that provides data tools powered by artificial intelligence.
  • Aethir — Aethir’s Decentralized Cloud Infrastructure (DCI) is the framework that unbinds the macro trajectory of the AI and gaming industry, from the walled garden resources of the incumbent cloud hegemony.Aethir's make complex cloud resources more accessible.
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HG Ventures
VC Fund · Seoul, Seoul-t'ukpyolsi, South Korea · 1 investments in Estonia Blockchain startups

blockchain investment based in Korea

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Initial Coin Offering
  • Geography: South Korea, United States, Taiwan

Investor stats

  • Total investments: 15
  • Round size: Seed $1M–$5.7M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Dmail — Dmail Network is a decentralized mailbox that provides a safe and private environment for users' communication, storage, tokens, and NFTs. The company was founded by Mittal S. and Lucas L. in 2021.
  • Reign of Terror — Reign of Terror is a cyberpunk metaverse blockchain game created to immerse players in a dreamlike, futuristic world while weaving graspable decentralized finance mechanisms. Get lost playing in a jaw dropping new reality where missions become investment bearing activities.
  • Bell Therapeutics — New generation Digital Therapeutics.
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LAUNCHub Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Estonia Blockchain startups

LAUNCHUB is a leading early-stage venture capital fund focused on investing in startups in South-Eastern (SEE) and Central-Eastern (CEE) Europe.

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Investment focus

  • Industry: Software, SaaS, Enterprise Software
  • Stage:Seed, Series A
  • Geography: Bulgaria, United Kingdom, United States

Investor stats

  • Total investments: 124
  • Round size: Seed $40k–$1.2M; Series A $1.4M–$54M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — raised $75M in 2021

Portfolio highlights

  • AMPECO — AMPECO enables large-scale EV charging providers to launch and scale their business operations under their own brand. The company offers a white-label and hardware-agnostic EV charging management platform to cover all business cases - public, private, and home charging. Advanced energy management, flexible billing and subscription management,automatic maintenance algorithms, and inter-operator roaming are some of the platform’s key components. With security and scalability at its core, the platform allows large-scale operators like energy companies, oil and gas, fleets, hardware manufacturers and installers to achieve quick go-to-market in a few months with a ready-made platform combined with unmatched flexibility and extensibility via APIs. AMPECO supports more than 110 charging network operators in over 45 markets and has been globally recognized by Frost & Sullivan for its superior technological innovation and strategic development with the 2022 Global Product Leadership Award.
  • Colossyan — We make video creation simply and stressless. AI video technology allow us to crate video in just a few minutes. Ty out here.
  • Kubeark — Kubeark powers scalable, rapid, and compliant SaaSification and software lifecycle management.
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CharlieGaming CZ
VC Fund · 1 investments in Estonia Blockchain startups

CharlieGaming is your guide to the world of NFT games and the Metaverse. From CryptoKitties to Axie Infinity, from Decentraland to The Sandbox - we cover and teach you about it all.

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Investment focus

  • Industry: Gaming, Blockchain, Cryptocurrency
  • Stage:Seed
  • Geography: Estonia

Investor stats

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

Portfolio highlights

  • Legends of Elysium — Legends of Elysium is a fantasy Free-To-Play fusion of Card & Board Game enhanced with strategic elements.
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Prime Venture Partners
VC Fund · Bengaluru, Karnataka, India · 1 investments in Estonia Blockchain startups, 7 in the past 12 months

Prime Venture Partners is a natural destination for the startups targeting global markets

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Investment focus

  • Industry: Software, FinTech, Information Technology
  • Stage:Seed, Series A
  • Geography: India, United States, Singapore

Investor stats

  • Total investments: 71
  • Round size: Seed $500k–$1.2M; Series A $2.4M–$12M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: Likely still investing — raised $108M in 2022

Portfolio highlights

  • ZuAI — ZuAI by ZuApp, an AI co-pilot for studying, offers personalized learning for Indian students. Join the waitlist to transform your study experience
  • Dozee — Dozee is the pioneer in contactless patient monitoring and early warning system using Artificial Intelligence. Trusted by 150+ hospitals and have saved 500+ lives
  • HighXP — HighXP focuses on social, casual games that are simple, aimed at a broad audience, and available on mobile platforms.
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Golden Egg Check Capital
VC Fund · Enschede, Overijssel, The Netherlands · 1 investments in Estonia Blockchain startups

Het venture capital fonds van Golden Egg Check investeert samen met de beste angels en VCs in snelgroeiende techbedrijven.

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Investment focus

  • Industry: Internet, Information Technology, Payments
  • Stage:Seed, Pre-Seed
  • Geography: The Netherlands, Canada, Estonia

Investor stats

  • Total investments: 10
  • Round size: Seed $1.2M–$2.7M; Pre-Seed $250k–$670k
  • Lead/follow: 0% lead, 100% follow
  • Last fund: Likely still investing — raised $536k in 2022

Portfolio highlights

  • OASYS NOW — The new Standard for Securely Storing and Exchanging Genomic Data. Unlock global data silos and monetize your data pool through OASYS NOW secure enclaves.
  • Valyuu.com — Bye old products, hello Valyuu.
  • Propel — Propel is building an ecosystem for the future of work. The core offering is a CaaS (Community-as-a-Service) powered platform that helps fast-growing, post-raise companies across the world fill their critical tech hires with world-class African talent, either for full-time, remote or hybrid roles.With a talent focus on emerging markets with highgrowth potential, Propel is currently building the largest combined community of tech ecosystems in Africa, providing talent in these communities with access to work, embedded finance and other extended community benefits.
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CatcherVC
VC Fund · 1 investments in Estonia Blockchain startups

CatcherVC is an investment fund dedicated to blockchain.

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Investment focus

  • Industry: Financial Services, Blockchain, Gaming
  • Stage:Seed, Corporate Round
  • Geography: Estonia, Singapore

Investor stats

  • Total investments: 7
  • Round size: Seed $1.5M–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Ola — Ola is a ZKVM-based, High-performance, Privacy-focused layer2 platform.
  • Aki Network — Aki offers a web3 growth stack to track actual influencer promotion results using on-chain data-driven goods. A variety of products and services have been developed by Aki Network to enable more users and influencers to participate in high-quality project campaigns and get commensurate compensation.
  • NEO FANTASY — NEO FANTASY is a blockchain-based ACGN metaverse game that combines NFT and Defi into the gameplay in-depth, creating an ACGN world full of surprises for users who like to explore the metaverse by ACGN RPG games!
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Block54
VC Fund · Warsaw, Mazowieckie, Poland · 1 investments in Estonia Blockchain startups

A web3 investment fund. Created by deep believers that magic happens when human ingenuity meets power of software. We invest in ambitious projects looking to make history.

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Investment focus

  • Industry: Analytics, Blockchain, Ad Targeting
  • Stage:Seed
  • Geography: Estonia

Investor stats

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

Portfolio highlights

  • Cookie3 — Cookie3 is the data engine aggregating, processing, and interpreting all existing NFTs and tokens to understand Web3 users.
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NFVentures
VC Fund · 1 investments in Estonia Blockchain startups

Investment focus

  • Industry: Blockchain, Cryptocurrency, CAD
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Estonia, Singapore

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • Reitio Protocol — We’re creating an effortless way for everyone to create custom metaverse assets visually via an intuitive and codeless templates-based design toolkit, introducing reitio protocol.
  • Tradelize — Tradelize is LinkedIn for crypto traders and investors backed by real trading stats. Here anyone can find a way to increase their returns on the cryptocurrency market.
  • Shorter Finance — Single-sided token farming / Customizable derivatives / 100% on-chain & open-source / Visible position management
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Diamond Atlas Capital Limited
VC Fund · 1 investments in Estonia Blockchain startups

Diamond Atlas is dedicated to guiding the development of Web 3.0 and decentralized finance to create intrinsic, sustainable value.

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Investment focus

  • Industry: Gaming, Blockchain, Cryptocurrency
  • Stage:Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Legends of Elysium — Legends of Elysium is a fantasy Free-To-Play fusion of Card & Board Game enhanced with strategic elements.
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Apostolos Apostolakis
Angel · Athens, Attiki, Greece · 1 investments in Estonia Blockchain startups

Apostolos is a serial entrepreneur turned investor. He started his career at Boston Consulting Group where he spent 2 years consulting businesses. On his entrepreneurial path, he has co-founded e-shop.gr, Openfund, e-food, doctoranytime and was a key investor in Taxibeat. Since 2010 he has invested and supported a large number of startups with afocus on e-marketplaces and SaaS. He studied civil engineering at NTUA and holds an MBA from Columbia Business School.

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Investment focus

  • Industry: E-Commerce, Software, Apps
  • Stage:Seed, Series A
  • Geography: Greece, United States, United Kingdom

Investor stats

  • Total investments: 36
  • Round size: Seed $92k–$2.4M; Series A $3.5M–$10M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • HairRemoval.co.uk — Go For Laser Hair Removal and Put an End to Tedious Hair Removal with Traditional Methods. Check out the Details at envie.co.uk and Make an Appointment!
  • Packhelp — Packhelp makes it easy for anyone to create, order and manage fully custom-branded packaging. It connects customers with the most suitable production possibilities, offering them a broad range of packaging products. Packhelp covers everything from local deliveries of small quantities to global procurement of large volumes, with Packhelp Studio – anonline editor for small businesses, instantly purchasable products and orders from 30 pieces, and Packhelp Plus, which helps mid-market companies scale their packaging needs. Founded in 2015, Packhelp currently serves 50,000 customers from over 30 countries. The list of customers includes brands recognized worldwide, like BMW, H&M, Google, L’Oreal, T-Mobile, Uber, Bolt and Wrangler, and many of the local champions from Europe.
  • Kriptomat — Buying, selling, and storing your favorite cryptocurrencies has never been easier! Register in seconds, and start trading in minutes on Kriptomat.
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Icebreaker.vc
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Estonia Blockchain startups, 11 in the past 12 months

Founded in 2016, Icebreaker has invested in over 50 fast-growing tech startups built by domain expert founders from companies like Rovio, Nordea, Pipedrive, Eniram, IBM and BCG. In addition to the fund, Icebreaker also runs a community of more than 1000 founders and pre-founders with 5+ years of relevant industry experience and the will to start,build or join strong tech companies.With the initial ticket sizes of €150k - 800K Icebreaker provides enough funding for companies to get to a position of strength and avoid post-accelerator limbo without having to resort to disreputable sources of capital and unfriendly deal terms.

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Investment focus

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

Investor stats

  • Total investments: 98
  • Round size: Seed $375k–$5.2M; Pre-Seed $54k–$857k; Series A $2.7M–$16M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: May invest from a new fund soon — raised $21M in 2021

Portfolio highlights

  • Aibidia — Discover the Aibidia TXM Platform and our digital transfer pricing applications, eliminating billions of euros in tax inefficiencies and risks.
  • Fixably — Fixably is the repair management solution to seamlessly connect all users, from the end customer to the technician, and all repair systems within your service business.
  • IPRally — Improve your invalidity, patentability and FTO searches. Easy-to-use patent search web application, powered by unique AI knowledge graph technology.
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Coin98
VC Fund · Ho Chi Minh City, NA - Vietnam, Vietnam · 1 investments in Estonia Blockchain startups

Coin98 is a Crypto-focused software company.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: Sweden, Estonia, Vietnam

Investor stats

  • Total investments: 13
  • Round size: Seed $1.8M–$7M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • TomoChain — TomoChain is a highly scalable and secure blockchain network in mainnet since 2018, taking a community-driven approach to accelerate the mass adoption of web3 applications.
  • BovineVerse — BovineVerse is a Korean Metaverse chain game and sports guessing platform developer.
  • Minterest — Minterest is a cross-chain decentralized money market lending protocol for decentralized financial. Its unique design attracts and rewards long-term liquidity with Minterest distributing value captured by the protocol to MNT token holders who actively participate in its governance. Minterest was founded in 2020 and is based in Tallin, Estonia.
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Parachain Ventures
VC Fund · 1 investments in Estonia Blockchain startups

Parachain Ventures is the investment branch of CryptoRank.io, a popular and well-respected analytics platform.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: Estonia, Gibraltar, Hong Kong

Investor stats

  • Total investments: 16
  • Round size: Seed $1.5M–$12M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • IQ Labs — IQ Marketplace offers unique NFTs with exclusive utilities, boosting your in-game experience. With flexible renting parameters and multiple payment options, rent without collateral and unlock the full utility of NFTs. Say goodbye to gas fees with our gasless renting feature and multiply the value of NFT collections with our multi-utility renting. Explore now
  • The Unfettered — The Unfettered is a blockchain PC game.
  • Hubble Protocol — Hubble is a decentralized financial protocol that allows for long-term borrowing, lending, and structured products.
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Liu Jiang
Angel · San Francisco, California, United States · 1 investments in Estonia Blockchain startups

Liu Jiang

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Investment focus

  • Industry: Software, Blockchain, B2B
  • Stage:Seed, Pre-Seed, Series B
  • Geography: United States, United Kingdom, Estonia

Investor stats

  • Total investments: 11
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Frond — Building new spaces for communities that can't share a place.
  • TipLink — TipLink helps send crypto with a link. Someone with crypto can create a account and send that link to anyone over any platform. It’s like buying a gift card, connect the client's crypto wallet of choice and create a account by depositing how much they want to send.
  • E2B — Sandboxed cloud environments for AI agents & AI apps with a single line of code
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byFounders
VC Fund · Copenhagen, Hovedstaden, Denmark · 1 investments in Estonia Blockchain startups, 7 in the past 12 months

byFounders is the community-powered early-stage venture fund investing in globally ambitious teams connected to the Nordic and Baltic countries. With its unique Collective of founders and operators, byFounders offers its portfolio operational expertise and a global network. Believing in the power of tech to shape our future, byFounders takes an impact-aware approach to investing and working with the broader startup ecosystem.

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Investment focus

  • Industry: Software, Artificial Intelligence, Mobile Apps
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Denmark, United States, Germany

Investor stats

  • Total investments: 60
  • Round size: Seed $1M–$4.6M; Pre-Seed $2.1M–$2.1M; Series A $5M–$15M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • QA.tech — Our AI combines the skills of a QA engineer with the speed of automated testing for you. This shortens your time to market, cuts costs and improves the quality of your web apps.
  • Rig.dev — Rig.dev offers an open-source application platform for Kubernetes. Rig.dev empower developers to work in their own environments with elevated application abstractions, while still leveraging Kubernetes's reliability, portability, and scalability.
  • Jellatech — Jellatech is a B2B biotech business based in Raleigh, NC, and with R&D in Wageningen, Netherlands. Jellatech is producing high-quality, pure, animal-free collagen and gelatin. Founded by a group of innovators, dreamers, entrepreneurs, and scientists, Jellatech is eliminating the dependency on animals, to make better ingredient products -starting with collagen and gelatin.
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Collective Ventures
VC Fund · 1 investments in Estonia Blockchain startups

Moving financial inclusion forward.

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Investment focus

  • Industry: FinTech, Blockchain, Software
  • Stage:Seed, Series A, Initial Coin Offering
  • Geography: Estonia, Germany, United States

Investor stats

  • Total investments: 10
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Nira — NIRA is an RBI approved instant loan app that provides low interest instant loans. NIRA Finance is the best app for salaried people where you can avail a loan up to 1 lakh on EMI using a secure 100% online process. Low Interest Loans up to 1 lakh for salaried.
  • nuvo — Transform the way you import data with nuvo, to create fast, non-technical way to handle spreadsheet data.
  • Flowers-Software GmbH — Flowers Software is an organization management for digitizing, simplifying and automating recurring workflows.Flowers -Software can be used independent of company size, industry, region, and existing company structure due to its highly flexible no-code process editor.
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FunFair Ventures
VC Fund · Douglas, NA - Isle of Man, Isle of Man · 1 investments in Estonia Blockchain startups

FunFair Ventures is a venture capital business .Funfair Ventures funds early stage blockchain projects with a focus on both equity and tokens.

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Investment focus

  • Industry: FinTech, Financial Services, Gaming
  • Stage:Seed
  • Geography: Peru, Estonia, Isle of Man

Investor stats

  • Total investments: 7
  • Round size: Seed $900k–$1.5M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Wakweli — Wakweli makes a positive impact, on the whole, tokenized asset ecosystem. The company was located in Geneva.
  • NORTHSTAKE — Providing institutional investors with access to future economies through secure and trustworthy investment pathways for digital assets
  • GET Protocol — Supercharge your tickets with NFTs and the Blockchain. Easily implement the latest technology and unlock the benefits of truly digital tickets with GET Protocol.
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Gravity Team
VC Fund · 1 investments in Estonia Blockchain startups

Trading since 2017, we are a top crypto market maker and liquidity provider to over 1,200 crypto-asset pairs across 25+ exchanges.

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Investment focus

  • Industry: Analytics, Blockchain, Ad Targeting
  • Stage:Seed
  • Geography: Estonia

Investor stats

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

Portfolio highlights

  • Cookie3 — Cookie3 is the data engine aggregating, processing, and interpreting all existing NFTs and tokens to understand Web3 users.
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Orange DAO
VC Fund · San Francisco, California, United States · 1 investments in Estonia Blockchain startups, 18 in the past 12 months

A new tool that blends your everyday work apps into one. It's the all-in-one workspace for you and your team

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Investment focus

  • Industry: Cryptocurrency, Blockchain, Software
  • Stage:Pre-Seed, Seed, Private Equity
  • Geography: United States, Singapore, Spain

Investor stats

  • Total investments: 126
  • Round size: Seed $1M–$4.5M; Pre-Seed $145k–$3.7M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • OpenCover — Cover $5,000 from $1.14 per week on leading protocols including Curve, Uniswap, Aave and more. As seen on CoinDesk, Decrypt, The Block, Coin Telegraph.
  • Poko — Enable local payments and successful onramping for wallets, NFT marketplaces, web3 games, and dApps globally.
  • Mnemonic, Inc — Easily build, ship, and scale powerful NFT applications with Mnemonic's complete, reliable, and real time data and analytics capabilities.
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DWF Labs
VC Fund · Singapore, Central Region, Singapore · 1 investments in Estonia Blockchain startups, 22 in the past 12 months

DWF Labs Global digital asset market maker and multi-stage web3 investment firm

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Pre-Seed, Seed
  • Geography: Singapore, United Kingdom, United States

Investor stats

  • Total investments: 53
  • Round size: Seed $1M–$3.5M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Mars4 — Mars4 (MARS$) defines itself as a virtual reality platform powered by the blockchain, that allows users to create, experience, and monetize content and applications and earn passive income through revenue generating Mars NFT Land Plots. In this virtual world on Mars, users purchase plots of land that they can later navigate, build upon and monetize.
  • Velo Labs — Velo Labs is software company revolutionizing the old correspondent bank system by creating a global settlement network. We are empowering financial institutions with blockchain-based and compliance-friendly solutions to move money across borders.
  • Parex Market — Parex Market provides DAO ecosystem that includes a range of solutions.
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BSCPad
VC Fund · 1 investments in Estonia Blockchain startups

The BSC Launch Pad is the first decentralized IDO platform for the Binance Smart Chain Network.

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Investment focus

  • Industry: Software, Blockchain, Cryptocurrency
  • Stage:Seed, Initial Coin Offering
  • Geography: Panama, Estonia, Singapore

Investor stats

  • Total investments: 4
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Rise Of Defenders — Rise of Defenders is a very interesting Metaverse NFT game, you can use your creativity and tactical thinking to become an excellent player and receive extremely attractive rewards.
  • Xion Finance — Xion Finance is the easiest way to start earning a passive income on your crypto. Earn interest, shop products or yield farm with a novel one click to DeFi protocol. Get Started Today!
  • QANplatform [QAN blockchain platform] — QANplatform is the quantum-resistant Layer 1 hybrid blockchain where developers can code web3 solutions in any language on top of the QAN blockchain platform.
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Blockchain Investor funding in Estonia at a glance

Stats across 39 deals from 133 investors.

133
investors
in Estonia Blockchain startups
39
deals
in Estonia Blockchain startups
$2.3M
median round
in Estonia Blockchain startups
17%
lead investors
lead at least one round
54%
Seed
most common funding stage
95/5
VC / Angel
share of investor count

Access all 133 investors in Estonia Blockchain startups.

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