# Top 25 CleanTech VC (Venture Capital) Funds in Estonia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Superangel | 4 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, FinTech |
| Specialist VC | 2 | Estonia, United Kingdom, United States | Seed, Pre-Seed | Information Technology, Software, FinTech |
| Spring Capital | 2 | Estonia, Finland, United Kingdom | Seed, Pre-Seed, Series A | Software, E-Commerce, SaaS |
| Funderbeam | 2 | Estonia, United Kingdom | Seed, Pre-Seed, Equity Crowdfunding | Apps, FinTech, Software |
| Iron Wolf Capital | 2 | Lithuania, Estonia, United Kingdom | Seed, Pre-Seed, Series A | Software, Infrastructure, Manufacturing |
| Trind Ventures | 2 | Estonia, Finland, Latvia | Seed, Series A | Software, Information Technology, Analytics |
| Contrarian Ventures | 2 | Lithuania, United Kingdom, Estonia | Seed, Series A, Pre-Seed | Software, Information Technology, Energy |
| Sunly | 2 | Estonia, France | Pre-Seed, Seed | Solar, CleanTech, Hardware |
| Thorgate Ventures | 2 | Estonia, United Kingdom, Norway | Seed, Pre-Seed | Software, SaaS, Information Technology |
| Expansion Capital | 2 | Latvia, Estonia | Seed, Series A | Drones, Big Data, Software |
| LIFT99 | 1 | Estonia, United Kingdom, El Salvador | Pre-Seed, Seed, Series A | Software, Information Technology, Legal |
| Kaamos | 1 | Estonia | Pre-Seed | CleanTech, GreenTech, Manufacturing |
| Little Green Fund | 1 | Estonia | Pre-Seed | Nanotechnology |
| Black Pearls VC | 1 | Poland, United States, United Kingdom | Seed, Pre-Seed | Software, Artificial Intelligence, FinTech |
| Cats.vc | 1 | Lithuania, Italy, Spain | Seed, Pre-Seed, Series A | Financial Services, Software, SaaS |
| EstBAN | 1 | Estonia, Latvia, Lithuania | Seed, Pre-Seed, Angel | Software, Information Technology, EdTech |
| Yolo Investments | 1 | Estonia, United States, Canada | Seed, Series A | Information Technology, Cryptocurrency, Internet |
| Prototron | 1 | Estonia | Grant | Art, Mobile, Printing |
| Vestman Energia | 1 | Estonia | Seed, Pre-Seed | Water, Software, Logistics |
| Ministry of Economic Affairs and Communications for Estonia | 1 | Estonia | Pre-Seed | CleanTech, GreenTech, Manufacturing |
| SpeedUp Venture Capital Group | 1 | Poland, United States, Estonia | Seed, Pre-Seed, Series A | Software, SaaS, Mobile |
| Grid.vc | 1 | Finland, Estonia | Seed, Pre-Seed | SaaS, Energy, Battery |
| Bangladesh Angels | 1 | Bangladesh, India, Estonia | Seed, Pre-Seed, Angel | Supply Chain Management, Fashion, SaaS |
| ZGI Capital | 1 | Latvia, Estonia | Seed, Debt Financing | Manufacturing, Machinery Manufacturing, Consulting |
| Tallinn University of Technology | 1 |  |  |  |

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