# Top 50 Energy Startup Investors in Estonia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Specialist VC | 7 | Estonia, United Kingdom, United States | Seed, Pre-Seed | Information Technology, Software, FinTech |
| Superangel | 5 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, FinTech |
| Lemonade Stand | 4 | Estonia, India, Poland | Seed, Pre-Seed, Angel | Software, SaaS, FinTech |
| Contrarian Ventures | 4 | Lithuania, United Kingdom, Estonia | Seed, Series A, Pre-Seed | Software, Information Technology, Energy |
| Vestman Energia | 3 | Estonia | Seed, Pre-Seed | Water, Software, Logistics |
| Spring Capital | 3 | Estonia, Finland, United Kingdom | Seed, Pre-Seed, Series A | Software, E-Commerce, SaaS |
| Sunly | 3 | Estonia, France | Pre-Seed, Seed | Solar, CleanTech, Hardware |
| Change Ventures | 3 | Estonia, Lithuania, United States | Seed, Pre-Seed, Series A | Software, Information Technology, Apps |
| Kristjan Raude | 3 | Estonia, United States | Seed, Pre-Seed, Equity Crowdfunding | Consumer Electronics, Internet of Things, Software |
| Expansion Capital | 2 | Latvia, Estonia | Seed, Series A | Drones, Big Data, Software |
| Icebreaker.vc | 2 | Finland, Estonia, Sweden | Pre-Seed, Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Madis Müür | 2 | Estonia, United States | Seed, Equity Crowdfunding, Pre-Seed | Apps, Smart Building, Marketing Automation |
| Ragnar Sass | 2 | Estonia, United States, United Kingdom | Pre-Seed, Seed | Software, Information Technology, SaaS |
| 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 |
| Thorgate Ventures | 2 | Estonia, United Kingdom, Norway | Seed, Pre-Seed | Software, SaaS, Information Technology |
| Funderbeam | 2 | Estonia, United Kingdom | Seed, Pre-Seed, Equity Crowdfunding | Apps, FinTech, Software |
| Martin Villig | 2 | Estonia, Spain, South Africa | Seed, Angel, Pre-Seed | Software, Information Technology, Education |
| Norrsken VC | 2 | Sweden, United Kingdom, Germany | Seed, Series A | Software, Food and Beverage, Health Care |
| Superhero Capital | 1 | Finland, Estonia, Lithuania | Seed, Pre-Seed, Series A | Software, Information Technology, Internet |
| Triin Hertmann | 1 | Estonia | Seed, Pre-Seed | FinTech, Software, E-Commerce |
| Taavi Kotka | 1 | Estonia | Pre-Seed, Seed, Angel | Electronics, Battery, FinTech |
| SpeedUp Venture Capital Group | 1 | Poland, United States, Estonia | Seed, Pre-Seed, Series A | Software, SaaS, Mobile |
| Link Capital | 1 | Norway, Denmark, Estonia | Seed | Energy, Automotive, Electronics |
| Kaamos | 1 | Estonia | Pre-Seed | CleanTech, GreenTech, Manufacturing |
| Ministry of Economic Affairs and Communications for Estonia | 1 | Estonia | Pre-Seed | CleanTech, GreenTech, Manufacturing |
| Toomas Kõuhkna | 1 | Estonia | Seed | Battery, Electronics, Manufacturing |
| Karin Nemec | 1 | Estonia | Seed | FinTech, GreenTech, Health Care |
| Honey Badger Capital OÜ | 1 | Estonia | Seed | FinTech, GreenTech, Health Care |
| Little Green Fund | 1 | Estonia | Pre-Seed | Nanotechnology |
| Greenco Ventures | 1 | Estonia | Pre-Seed | Renewable Energy, Environmental Engineering |
| Alvar Lumberg | 1 | Estonia | Seed | Software, FinTech, GreenTech |
| Eigenkapital | 1 | Estonia |  | Sustainability, Natural Resources |
| Alejandro Jimenez | 1 | Estonia | Angel | Waste Management, Packaging Services |
| Elar Nellis | 1 | Latvia, Estonia, United States | Seed, Angel, Pre-Seed | Software, CAD, SaaS |
| Janer Gorohhov | 1 | Estonia | Seed | Waste Management, Packaging Services |
| Artis Kehris | 1 | Estonia, Latvia, Australia | Seed, Pre-Seed | Information Technology, Information Services, Legal |
| EQT Ventures | 1 | Sweden, Germany, United States | Series A, Series B, Seed | Software, Information Technology, SaaS |
| Opus11 VC | 1 | Estonia | Seed, Pre-Seed | Battery, Electronics, Manufacturing |
| Janis Krums | 1 | United States, Estonia, United Kingdom | Seed, Pre-Seed, Angel | Big Data, Financial Services, SaaS |
| Taavi Veskimägi | 1 | Estonia |  | Sustainability, Natural Resources |
| Justin Jenk | 1 | Estonia | Seed | Battery, Electronics, Manufacturing |
| Warmeston | 1 | Estonia | Seed | Natural Resources, Environmental Consulting |
| Sie Ventures | 1 | Spain, Estonia, United Kingdom | Seed, Series B | CRM, SaaS, Mobile |
| Kersti Kaljulaid | 1 | Estonia | Seed | Battery, Electronics, Manufacturing |
| Cats.vc | 1 | Italy, Spain, Sweden | Seed, Pre-Seed, Series A | E-Commerce, Grocery, Software |
| European regional development fund (ERDF) | 1 | United Kingdom, Germany, Estonia | Grant, Pre-Seed | Software, Information Technology, Biotechnology |
| F+ Ventures | 1 | Turkey, Estonia, United States | Seed, Series A, Pre-Seed | Software, Transportation, Automotive |
| Andrius Slimas | 1 | Spain, Estonia, Australia | Seed | Information Technology, Cooking, Jewelry |
| Grid.vc | 1 | Finland, Estonia | Seed, Pre-Seed | SaaS, Energy, Battery |

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co