# Top 10 Construction VC (Venture Capital) Funds in Estonia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Thorgate Ventures | 2 | Estonia, United Kingdom, Norway | Seed, Pre-Seed | Software, SaaS, Information Technology |
| Lemonade Stand | 2 | Estonia, India, Poland | Seed, Pre-Seed, Angel | Software, SaaS, FinTech |
| Superangel | 2 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, FinTech |
| Sunly | 2 | Estonia, France | Pre-Seed, Seed | Solar, CleanTech, Hardware |
| Change Ventures | 1 | Estonia, Lithuania, United States | Seed, Pre-Seed, Series A | Software, Information Technology, Apps |
| Passion Capital | 1 | United Kingdom, United States, Estonia | Seed, Series A, Series B | Software, FinTech, Financial Services |
| Foreword Ventures | 1 | United Kingdom, United States, France | Seed, Pre-Seed, Series B | Software, FinTech, Financial Services |
| Zenith Family Office | 1 | Estonia, United States | Pre-Seed | Commercial Real Estate, SaaS, B2B |
| Spring Capital | 1 | Estonia, Finland, United Kingdom | Seed, Pre-Seed, Series A | Software, E-Commerce, SaaS |
| Foundamental | 1 | United States, India, Singapore | Seed, Series A, Pre-Seed | Construction, Software, Real Estate |

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