Top 10 Construction VC Funds & Investors in Estonia (May 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
Thorgate Ventures
VC Fund
|
2 | Estonia, United Kingdom, Norway | Seed, Pre-Seed | Software, SaaS, Information Technology | $21k–$696k |
|
Lemonade Stand
VC Fund
|
2 | Estonia, India, Poland | Seed, Pre-Seed, Angel | Software, SaaS, FinTech | $222k–$2.1M |
|
Superangel
VC Fund
|
2 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, FinTech | $161k–$6.9M |
|
Sunly
VC Fund
|
2 | Estonia, France | Pre-Seed, Seed | Solar, CleanTech, Hardware | $321k–$536k |
|
Change Ventures
VC Fund
|
1 | Estonia, Lithuania, United States | Seed, Pre-Seed, Series A | Software, Information Technology, Apps | $107k–$3M |
|
Passion Capital
VC Fund
|
1 | United Kingdom, United States, Estonia | Seed, Series A, Series B | Software, FinTech, Financial Services | $369k–$26M |
|
Foreword Ventures
VC Fund
|
1 | United Kingdom, United States, France | Seed, Pre-Seed, Series B | Software, FinTech, Financial Services | $3M–$5.5M |
|
Zenith Family Office
VC Fund
|
1 | Estonia, United States | Pre-Seed | Commercial Real Estate, SaaS, B2B | |
|
Spring Capital
VC Fund
|
1 | Estonia, Finland, United Kingdom | Seed, Pre-Seed, Series A | Software, E-Commerce, SaaS | $305k–$2.4M |
|
Foundamental
VC Fund
|
1 | United States, India, Singapore | Seed, Series A, Pre-Seed | Construction, Software, Real Estate | $450k–$34M |
| Access all 16 VC funds in Estonia Construction startups. | |||||
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Show more...Investment focus
- Industry: Software, SaaS, Information Technology
- Stage:Seed, Pre-Seed
- Geography: Estonia, United Kingdom, Norway
Investor stats
- Total investments: 16
- Round size: Seed $21k–$696k; Pre-Seed $134k–$482k
- Lead/follow: 25% lead, 75% follow
Portfolio highlights
- Waybiller — Waybiller is an e-waybill software that helps you create and store your digital waybills and track your vehicles carrying freight.
- U24 Solutions — U24 Solutions is a software development studio specializing in the creation of immersive experiences through virtual reality. We make real-time, room-scale simulations, employing stunning realism and custom libraries of hyper-detailed 3D objects and environments optimized for the VR experience.
- Hepta Airborne — Hepta provides automated power grid management and analysis using autonomous drones and powerful analytics software. Visit our website to find out more!
Lemonade Stand is a VC fund that focuses on early stage B2B investments in Baltic and East European founders no matter the HQ location. Investing €25-300K in strong teams, technology or traction.
Show more...Investment focus
- Industry: Software, SaaS, FinTech
- Stage:Seed, Pre-Seed, Angel
- Geography: Estonia, India, Poland
Investor stats
- Total investments: 26
- Round size: Seed $375k–$2.1M; Angel $482k–$643k; Pre-Seed $222k–$2.1M
- Lead/follow: 15% lead, 85% follow
Portfolio highlights
- Wowflow — Wowflow is a mobile-first collaboration and workflow for facility maintenance teams.
- Grünfin — Grünfin is a sustainable investing platform for people who care about their impact.
- Value.Space — Space based risk assessments & monitoring
Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io
Show more...Investment focus
- Industry: Artificial Intelligence, Software, FinTech
- Stage:Seed, Pre-Seed, Series A
- Geography: Estonia, United States, Finland
Investor stats
- Total investments: 61
- Round size: Seed $536k–$3.5M; Pre-Seed $161k–$1M; Series A $5.4M–$6.9M
- Lead/follow: 38% lead, 62% follow
- Last fund: Likely still investing — raised $33M in 2022
Portfolio highlights
- Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
- Koos — KOOS is a simple legal and technological solution for motivating and rewarding your community. Boost your growth by sharing success.
- Doublepoint — Solving Next-Generation Interactions. Doublepoint provides future computing platforms more intuitive, robust and versatile interactions.
Sunly creates wind & solar parks by engaging local communities. Also, Sunly boosts cleantech startups via capital, know-how and networks.
Show more...Investment focus
- Industry: Solar, CleanTech, Hardware
- Stage:Pre-Seed, Seed
- Geography: Estonia, France
Investor stats
- Total investments: 6
- Round size: Pre-Seed $321k–$536k
- Lead/follow: 67% lead, 33% follow
Portfolio highlights
- HelioRec — HelioRec is creating simple, powerful floating solar technology for near-shore locations
- Vok Bikes — E-cargo bicycles perfect for last-mile deliveries and business use cases in the city. Vok Bikes develops and produces electric cargo bikes in Europe.
- UP Catalyst — UP Catalyst produces sustainable carbon nanomaterials and graphite for the green energy storage industry.
We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.
Show more...Investment focus
- Industry: Software, Information Technology, Apps
- Stage:Seed, Pre-Seed, Series A
- Geography: Estonia, Lithuania, United States
Investor stats
- Total investments: 46
- Round size: Seed $321k–$3M; Pre-Seed $107k–$2.1M
- Lead/follow: 59% lead, 41% follow
- Last fund: May invest from a new fund soon — last raise in 2019
Portfolio highlights
- Algori — Improving FMCG growth with the fastest and most granular insights from 45,000 shoppers in Spain
- Aerones — Robotic wind turbine service company offering maintenance, inspection and repairs worldwide. Reduce downtime and improve the efficiency of your wind park
- Trace.Space — Engineers develop complex products 10x faster with Trace.Space. Requirements management for the next generation
Passion Capital is an early stage venture capital firm based in London.
Show more...Investment focus
- Industry: Software, FinTech, Financial Services
- Stage:Seed, Series A, Series B
- Geography: United Kingdom, United States, Estonia
Investor stats
- Total investments: 148
- Round size: Seed $369k–$2.5M; Series A $1.6M–$12M; Series B $4.9M–$26M
- Lead/follow: 24% lead, 76% follow
- Last fund: May invest from a new fund soon — last raise in 2021
Portfolio highlights
- Atoa — Accept in-store payments using any UK Bank App. Merchants save up-to 70% versus cards and get paid faster. Sign-up in three minutes.
- BoomFi — All-in-one solution to send, accept and convert crypto payments. Fast multi-chain crypto and fiat settlement. Get started today.
- Fertifa — Fertifa is an innovative employer benefit solution making fertility care more accessible and affordable.The company works with employers to offer a valuable employee benefit which bridges the gap between an employer and their employees when dealing with the sensitivity and privacy of employees’ reproductive issues. It also offers guidance andadvice, next-generation fertility treatment, and access to a range of holistic services for the best chance of success. The company was founded in 2019 and based in London, United Kingdom.
Foreword Ventures is an early-stage micro fund backing startups throughout their initial chapters. Foreword commits to adding value far beyond the small checks they write by devoting time, reputation, and capital to clients' success. Foreword typically invests in the pre-seed and seed stages, but can also invest in Series A and beyond whenthere is an existing relationship with the founder or co-investor.
Show more...Investment focus
- Industry: Software, FinTech, Financial Services
- Stage:Seed, Pre-Seed, Series B
- Geography: United Kingdom, United States, France
Investor stats
- Total investments: 23
- Round size: Seed $3M–$5.5M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Trace.Space — Engineers develop complex products 10x faster with Trace.Space. Requirements management for the next generation
- Yonder — Financial benefits for global teams, set-up in less than 5 minutes. Enrol your team in local health insurance and pensions from local and global providers
- Surfboard — Surfboard; Simpler, smarter and fairer scheduling software for customer support teams at scale. Click to learn more about Surfboard.
Independent wealth management company devoted to handling the investments and personal needs of wealthy individuals
Show more...Investment focus
- Industry: Commercial Real Estate, SaaS, B2B
- Stage:Pre-Seed
- Geography: Estonia, United States
Investor stats
- Total investments: 5
- Lead/follow: no public data
Portfolio highlights
- Remato — Remato is a simple constuction timesheets app to track hours, check attendance and collect job photos. Do more with less.
- Moderan — Moderan is an online software for commercial real estate lease lifecycle management and asset reporting. So easy, any team can start using it in a day. Get your lease and property information organised. Save time with automated reports and make sure no deadline is missed.
- VideoCV.io — Spend less time reading stacks of resumes, and more time on finding the best fit for your company. VideoCV helps you increase your hiring productivity by streamlining your talent management processes.
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.
Show more...Investment focus
- Industry: Software, E-Commerce, SaaS
- Stage:Seed, Pre-Seed, Series A
- Geography: Estonia, Finland, United Kingdom
Investor stats
- Total investments: 22
- Round size: Seed $305k–$2.4M; Pre-Seed $536k–$586k
- Lead/follow: 23% lead, 77% follow
- Last fund: May invest from a new fund soon — raised $3.5M in 2018
Portfolio highlights
- Uniify — Uniify is a no-code customer onboarding software that makes it fast, easy and secure for financial companies to onboard their customers. Save your business time and money, and build onboarding flows for your customers in minutes instead of months.
- FoodDocs — Globally trusted Food Safety Management System to get and stay compliant. #1 Food Safety software for production, food service, and retail.
- EyeVi Technologies — EyeVi is a provider of road network intelligence with AI-powered on-demand mapping technologies.
The global investor in construction, mining and renovation technology.
Show more...Investment focus
- Industry: Construction, Software, Real Estate
- Stage:Seed, Series A, Pre-Seed
- Geography: United States, India, Singapore
Investor stats
- Total investments: 79
- Round size: Seed $1.1M–$10M; Pre-Seed $450k–$1.8M; Series A $2M–$34M
- Lead/follow: 17% lead, 83% follow
- Last fund: Likely still investing — raised $85M in 2022
Portfolio highlights
- Stylib — Material search that works. For architects by architects. Our Beta is now live!
- PermitFlow — PermitFlow is the first construction permit application and management platform for builders and owners. The company aims to streamline and simplify construction permitting in the United States, unlocking more value in the $1.6 trillion construction market. The company's software reduces the time to allow while standardizing municipalities’building permit submittal process in a single platform. PermitFlow supports permitting end-to-end including permit research, application preparation, submission, and monitoring. With our nationwide coverage and deep, local municipal expertise, PermitFlow helps builders permit whether in a single municipality or across multiple states. PermitFlow is a Y Combinator graduate from the YC W22 program.
- Tangible — Tangible is a climate technology company focused on building sustainable materials that are not harmful to the environment. Tangible is a unified software platform that catalyzes the adoption of sustainable building materials by allowing real estate developers, architects, and contractors to seamlessly identify, manage, and report on products thatmeet their carbon, environmental, and social goals.Founded in 2021 by Nicole Granath and Anneli Tostar, Tangible is headquartered in San Francisco, California, United States.
Construction VC funding in Estonia at a glance
Stats across 11 deals from 16 investors.
Access all 16 VC funds in Estonia Construction startups.
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