# Top 30 CleanTech Startup Investors in Estonia in May 2026

## Superangel
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Series A
- Focus: Artificial Intelligence, Software, FinTech

Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io

## Kristjan Raude
- Type: Angel
- Relevant deals: 3
- 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.

## Specialist VC
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Information Technology, Software, FinTech

United Angels VC is an early stage venture capital fund based in Estonia.

## Spring Capital
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, E-Commerce, SaaS

Investments in exceptional teams in the Baltics & Nordics.Our two main focuses include: 1. Startups with a technological edge. Seed stage. Our check size is from €50K up to €200K. With a vast experience in startup building, we typically get hands-on with our advice and help the founders achieve operational excellence. 2. Innovators oftraditional sectors. SMEs with a proven track and strong market position. Clear plans to accelerate the growth. Our investment ticket can be from €300K to €700K to support these aspirations. If you think we have a match, reach out through invest@springcapital.ee.

## Iron Wolf Capital
- Type: VC Fund
- Location: Vilnius, Vilniaus Apskritis, Lithuania
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Infrastructure, Manufacturing

We are here to make you succeed! Iron Wolf Capital is an international venture capital firm with an experienced team of professionals with global outlook and strong roots in the Baltics. and a mandate for helping entrepreneurs realise their ideas into successful businesses. 

## Sunly
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Pre-Seed, Seed
- Focus: Solar, CleanTech, Hardware

Sunly creates wind & solar parks by engaging local communities. Also, Sunly boosts cleantech startups via capital, know-how and networks.

## Madis Müür
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Equity Crowdfunding, Pre-Seed
- Focus: Apps, Smart Building, Marketing Automation

Madis Müür

## Thorgate Ventures
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, SaaS, Information Technology

We invest both capital and our know-how into startups. Join us and let's change the world

## Trind Ventures
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Information Technology, Analytics

Trind Ventures is an early stage VC fund based in Tallinn, Estonia. Investing in start-ups across Europe, from seed rounds all the way to sustainability, with a focus on ICT. Trind Ventures partners are Joel Aasmäe, Ivar Siimar, Kimmo Irpola and Taavi Lepmets.

## Contrarian Ventures
- Type: VC Fund
- Location: Vilnius, Vilniaus Apskritis, Lithuania
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, Energy

We are a hands-on, community-focused and founders vetted early-stage sustainable energy transition focused VC in Europe & Israel

## Expansion Capital
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Drones, Big Data, Software

Expansion Capital AIFP plans to participate in Latvian state-owned development finance institution ALTUM organized next generation fund manager tender, in order to continue to invest and finance mainly perspective Latvian ideas, projects, and companies.

## Funderbeam
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Equity Crowdfunding
- Focus: Apps, FinTech, Software

Funderbeam is a funding and trading platform that connects companies and investors to buy and sell equity stakes. The platform allows the founders to gain exposure, legal support, a funding manager, or an investor network. It also allows the investors to take control of their investments and trade anytime they want.The company was founded in 2013as a global data platform for startup companies.

## TMT Investments
- Type: VC Fund
- Location: St. Helier, NA - Jersey, Jersey
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, SaaS, Social Media

TMT Investments PLC invests in high-growth technology companies across a number of core specialist sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has invested in over 65 companies to date. The Company’s objective is to generate an attractive rate of return for shareholders,predominantly through capital appreciation. The Company is traded on the AIM market of the London Stock Exchange. www.tmtinvestments.com.

## Tallinn University of Technology
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1

Tallinn University of Technology.

## Bangladesh Angels
- Type: VC Fund
- Location: Dhaka, Dhaka, Bangladesh
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Angel
- Focus: Supply Chain Management, Fashion, SaaS

Bangladesh Angels operates as an angel investing platform. Its mission to nurture innovation and entrepreneurship in Bangladesh, connecting them to both local and global investors.
Bangladesh Angels was founded in 2018 and is headquartered in Dhaka, Bangladesh.

## ZGI Capital
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 1
- Stages: Seed, Debt Financing
- Focus: Manufacturing, Machinery Manufacturing, Consulting

ZGI Capital is the fund management company that manages "ZGI fund”, that was founded to support entrepreneurs lacking start-up capital for their business. The total amount of assets available for venture capital investments is of EUR 7.4M. Combined with bank financing, this will allow to finance investment projects with total assets of up toEUR 30M. The fund acts on behalf of various investors including the State.

## Taavi Tamkivi
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- 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 .

## SpeedUp Venture Capital Group
- Type: VC Fund
- Location: Poznan, Wielkopolskie, Poland
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, SaaS, Mobile

We are a group of venture capital funds, investing in enterprises in an early stage of development. Areas of our interest include enterprises and entrepreneurs in Central and Eastern Europe, who want to conquer the global market by utilizing their self-developed solutions. Our cooperation with companies is based on a 3-8 years investment horizon.We're looking for innovations from areas such as: consumer internet, electromobility, energy, fintech, martech, adtech, medtech, IoT and hardware. We're interested in technologies like Machine Learning, Picture Recognition and Artificial Intelligence.

## Black Pearls VC
- Type: VC Fund
- Location: Gdansk, Pomorskie, Poland
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Artificial Intelligence, FinTech

Black Pearls VC is a venture capital firm focusing on Life Quality Technologies. We look for the best entrepreneurs in Poland and the Baltic Sea Region.

## Ministry of Economic Affairs and Communications for Estonia
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: CleanTech, GreenTech, Manufacturing

The Ministry of Economic Affairs and Communications intends to promote Estonian enterprises' efficiency and people's prosperity.It also encourages entrepreneurship to have a justifiable price for the efficient transport system, a developing information society, and environmentally friendly energy supply.It was headquartered inTallinn, Harjumaa.

## Andrus Purde
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Public Transportation, Internet

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

## LIFT99
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, Information Technology, Legal

LIFT99 is a coworking hub and network of startup founders in Tallinn, Estonia, and Kyiv, Ukraine. In 2018, we launched our Skillsharing Platform for founders around the world.

## Little Green Fund
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Nanotechnology

Little Green Fund invests in companies that are good for the Earth, with teams that can get big things done.

## Cats.vc
- Type: VC Fund
- Location: Vilnius, Vilniaus Apskritis, Lithuania
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, Software, SaaS

Y generation investment professionals sourcing and closing deals for top tier angels from Europe

## Prototron
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Grant
- Focus: Art, Mobile, Printing

Prototron is a start-up fund that gives money to teams for turning their great ideas into the first working prototype. Founded in 2012 by Swedbank, Tallinn Technical University and Tallinn Science Park Tehnopol. We finance teams with high growth potential in areas of Greentech, Electronics, Mechatronics and ICT. We run 3-4 rounds of financingevery year. During last 5 years we've funded 58 startups with over 470'000€ in cash + coaching/incubation services. Our protfolio has generated >4,5 M€ revenue and raised >17'000'000€ capital. These results make Prototron the most productive pre-seed fund in Estonia. Do you want to be part of the success? We seek for:
*) New start-up teams who need money for building a prototype. Apply for funding: www.prototron.ee
*) Additional partners who want to be part of Estonia's next success stories.

## Vestman Energia
- Type: VC Fund
- Location: Viljandi, Viljandimaa, Estonia
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Water, Software, Logistics

Our focus changes in the same pace with the surrounding world. If the main concern of the mankind is the food and energy supplies and polluted living environment, the current activities of the companies of Vestman Group thus also focus on these topics. Our vision is to be a sustainable forest manager on one of the Estonian largest private forestpossession. We lease out arable lands, give advice and help to find the best solution based on the partner’s needs. We are starting our journey in Eco-friendly Technology to strengthen our Circular economy way of doing things even further. We value the world we live in and the resources we use in our business.

## Markku Jääskelainen
- Type: Angel
- Relevant deals: 1
- Stages: Series A
- Focus: Drones, Big Data, Software

Markku Jääskelainen.

## Grid.vc
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: SaaS, Energy, Battery

Grid.vc is the first investor in superb teams disrupting the energy business.

## Martin Villig
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- 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

## Yolo Investments
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Information Technology, Cryptocurrency, Internet

Yolo Investments is a venture capital, focused on seed- and A-stage investment opportunities across gaming and fintech. Based in Estonia, Yolo’s mission is to invest in outstanding people with bright ideas, who are focused on innovating and disrupting the norm in all manner of tech startups. Founded in 2017 by Tim Heath as Vereeni Investments,Yolo has created a thriving ecosystem with ventures across a variety of industries, including fintech, gambling, media, software development, crypto and blockchain-related companies.

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