# Top 50 Energy VC (Venture Capital) Funds in Estonia in May 2026 ## Specialist VC - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 7 - Stages: Seed, Pre-Seed - Focus: Information Technology, Software, FinTech United Angels VC is an early stage venture capital fund based in Estonia. ## Superangel - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 5 - 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 ## Lemonade Stand - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 4 - Stages: Seed, Pre-Seed, Angel - Focus: Software, SaaS, FinTech 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. ## Contrarian Ventures - Type: VC Fund - Location: Vilnius, Vilniaus Apskritis, Lithuania - Relevant deals: 4 - 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 ## Sunly - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 3 - 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. ## Spring Capital - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 3 - 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. ## Vestman Energia - Type: VC Fund - Location: Viljandi, Viljandimaa, Estonia - Relevant deals: 3 - 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. ## Change Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 3 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Information Technology, Apps We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world. ## 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. ## 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. ## 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 ## Norrsken VC - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, Food and Beverage, Health Care We are a venture capital fund investigating in Start-Ups solving the worlds biggest problems while building massive businesses. ## Icebreaker.vc - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 2 - Stages: Pre-Seed, Seed, Series A - Focus: Software, Information Technology, Artificial Intelligence Founded in 2016, Icebreaker has invested in over 50 fast-growing tech startups built by domain expert founders from companies like Rovio, Nordea, Pipedrive, Eniram, IBM and BCG. In addition to the fund, Icebreaker also runs a community of more than 1000 founders and pre-founders with 5+ years of relevant industry experience and the will to start,build or join strong tech companies.With the initial ticket sizes of €150k - 800K Icebreaker provides enough funding for companies to get to a position of strength and avoid post-accelerator limbo without having to resort to disreputable sources of capital and unfriendly deal terms. ## 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. ## 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. ## EstBAN - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Seed, Pre-Seed, Angel - Focus: Software, Information Technology, EdTech More than just a business angel network Building synergy between startups and angel investors EstBAN is member led organisation committed to finding, funding and mentoring ambitious young companies from pitch through to a successful exit. About estban Latest news Created with Fabric.js 3.5.0 All news For investors Get access to quality pre-selected internationaldeal-flow, and be ## Future Ventures - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Series A, Series B, Seed - Focus: Software, Biotechnology, Health Care Future Ventures is a financial services platform with a focus on disruptive technology companies such as commercial space exploration, deep learning, quantum computing, robotics, AI, blockchain, sustainable transportation, synthetic biology and clean meat.As venture capitalists, the founders of Future Ventures have led founding investments inseveral companies that had successful IPOs and others that were acquired for over $16 billion in aggregate. Some of our early VC investments include Memphis Meats, Mythic, Nervana, Planet, Rethink Robotics, Skype, SpaceX, Tesla and Zoox. Current board seats include SpaceX, Tesla, and D-Wave. ## BayWa r.e. Energy Ventures - Type: VC Fund - Location: Munich, Bayern, Germany - Relevant deals: 1 - Stages: Series B, Seed, Series A - Focus: Energy, SaaS, Renewable Energy BayWa r.e. Energy Ventures is a Munich based venture capital firm looking for early stage investment opportunities in the energy market all over Europe and Israel.They focus on scalable business models in the areas of digital energy solutions, storage and e-mobility. They believe the key to success is ensuring great chemistry and collaborationbetween the founders, management team and investors.As the venture capital unit of the BayWa r.e. Holding, they combine corporate stability and a deep understanding of the energy market with the entrepreneurial experience and mindset within their dedicated team. ## 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. ## Opus11 VC - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Battery, Electronics, Manufacturing Opus11 VC is an Investment firm. ## 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. ## Crosslight Partners - Type: VC Fund - Relevant deals: 1 - Stages: Seed - Focus: Biotechnology, B2B, Medical Crosslight Partners is a growth equity firm. The firm invests in the environment, healthcare, impact, and technology sectors across Europe. ## Decacorn Capital - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 1 - Stages: Seed, Series B - Focus: Information Technology, Software, Artificial Intelligence Decacorn Capital is a cross-border venture funding initiative, centred around game changing start-ups, enabled by innovative use of technology and led by high-caliber, resourceful founders who are out there with the mission to either create a true delight or solve a real problem. ## 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. ## 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. ## 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. ## Commerce Ventures - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Series A, Seed, Series B - Focus: FinTech, Software, Financial Services At Commerce Ventures, they are building a new and different type of venture capital firm. Their investors are a unique and strategic blend of leading entrepreneurs, senior executives, and corporates from their focus sectors (mobile, retail/e-commerce, payments, fin-tech, insurance). In addition to providing capital, they are committed tohelping their portfolio companies succeed in scaling their commerce-related innovations. ## European regional development fund (ERDF) - Type: VC Fund - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 1 - Stages: Grant, Pre-Seed - Focus: Software, Information Technology, Artificial Intelligence The European Regional Development Fund (ERDF) aims to improve the European Union's economic, social, and territorial cohesion by resolving imbalances across its various regions. ERDF funds initiatives for which the European Commission and national and regional governments in member countries share responsibility. Each member state'sgovernment decides which initiatives to support and is responsible for their continued supervision. ## F+ Ventures - Type: VC Fund - Location: Istanbul, Istanbul, Turkey - Relevant deals: 1 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Transportation, Automotive F+ Ventures is the corporate venture arm of Fark Holding dedicated to evaluating and investing in technologies and business model innovations that are transforming our transportation systems. We support “A teams” by helping with customer acquisition and smart capital. F+ invests in innovative solutions, early stage disruptive technologies, startupswith technological value proposition and business model innovation. We seek to make late seed and series A investments in ambitious tech savvy teams building businesses. ## The Sharing Group - Type: VC Fund - Location: Amsterdam, Noord-Holland, The Netherlands - Relevant deals: 1 - Stages: Seed - Focus: Environmental Consulting, SaaS, Big Data The Sharing Group operates in various markets with a focus on tech, energy and mobility. It is a group of colleagues, brands, members, and investors with a shared interest. ## EQT Ventures - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 1 - Stages: Series A, Series B, Seed - Focus: Software, Information Technology, SaaS EQT Ventures is a European VC fund with just over €2.3 billion in total capital raised. EQT Ventures I launched in May 2016, with commitments totalling €566 million and a simple mission - to be the kind of VC the team would have liked to have had on their own startup journeys. Recognizing that building and growing a company takes more than justcapital, the EQT Ventures team provides founders with support and advice throughout different stages of growth. EQT Ventures doesn't focus on particular markets or industries, but bold and ambitious founders who have the grit and determination to build global success stories. EQT Ventures II launched in November 2019, with commitments totalling €660 million. EQT Ventures III launched in 2022, with commitments totalling €1.1 billion, making it the biggest European Venture Capital fund committed to early stage tech startups. The EQT Ventures team is based across six offices in London, Stockholm, Berlin, Paris, Amsterdam, Paris and San Francisco, taking a locals with locals approach and supporting founders on the ground. Motherbrain, EQT Ventures' in-house-developed artificial intelligence (AI) platform, ensures the team has data-driven approach and has driven more than $100 million in portfolio company investments. ## 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. ## Superhero Capital - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Information Technology, Internet Early-stage VC searching for the next Superheroes. ## Tallinn University of Technology - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 Tallinn University of Technology. ## 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. ## Helmes - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Series A - Focus: Power Grid, Building Material, Natural Resources We build software to build your businessHelmes is an international software house headquartered in Tallinn, with clients across all of Europe. The long-term success of Helmes is built on lasting partnerships that bring about tangible business gains for our clients.Helmes is best known for building business critical software solutions and itsrange of services are used around the world by corporations such as 2Park Technologies, Telia, Solera Inc, Kühne+Nagel, DNB, OECD and International Energy Agency.Helmes has also developed many government provided e-services, for instance the elections info system and the e-prescription[3] system, the latter being the recipient of various quality and innovation awards.Helmes was established in 1991 and to date the company employs a workforce of over 250 people. The founder and current CEO is Jaan Pillesaar, who is also CEO of the Estonia Service Industry Association. ## 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. ## Warmeston - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Seed - Focus: Natural Resources, Environmental Consulting We value process in our work. Details and experience combined with innovative technology and effectiveness make us your long term partner. ## Eigenkapital - Type: VC Fund - Location: Curitiba, Parana, Brazil - Relevant deals: 1 - Focus: Sustainability, Natural Resources Eigenkapital is an investment firm. ## Atomico's Angel Programme - Type: VC Fund - Relevant deals: 1 - Stages: Pre-Seed, Angel - Focus: Software, B2B, SaaS investment firm ## Link Capital - Type: VC Fund - Location: Stavanger, Rogaland, Norway - Relevant deals: 1 - Stages: Seed - Focus: Energy, Automotive, Electronics Link Capital is a Nordic venture capital firm. It operates a series of early-stage funds, from pre-seed to A-series. ## Honey Badger Capital OÜ - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Seed - Focus: FinTech, GreenTech, Health Care We invest between 50k€ – 150k€ to start-ups along with access to our extensive network and know-how. We work together with an extended group of Pipedrive Angels who have the option to also join the investments we make which can bring the total amount invested up. ## 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. ## 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 ## 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. ## 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. ## Greenco Ventures - Type: VC Fund - Relevant deals: 1 - Stages: Pre-Seed - Focus: Renewable Energy, Environmental Engineering Greenco Ventures is an investment firm. ## EdgeCap Partners - Type: VC Fund - Relevant deals: 1 - Stages: Series A - Focus: Power Grid, Building Material, Natural Resources EdgeCap Partners focuses on private and venture capital investments. ## Kaamos - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Pre-Seed - Focus: CleanTech, GreenTech, Manufacturing Kaamos is an investment management firm that invests in the construction, real estate, energy sector, and wood industry. ## Sie Ventures - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Series B - Focus: CRM, SaaS, Mobile SIE # 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