# Top 50 Enterprise Angel Investors in Estonia in October 2023

## Jaan Tallinn
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 8
- Stages: Seed, Series A
- Focus: Software, Artificial Intelligence, Internet

Jaan Tallinn is the Co-founder of Future of Life Institute.

## Kristjan Vilosius
- Type: Angel
- Relevant deals: 7
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, Information Technology, E-Commerce

Kristjan Vilosius - Co-Founder and CEO @ Katana

## Ragnar Sass
- Type: Angel
- Relevant deals: 7
- Stages: Pre-Seed, Seed
- Focus: Software, Information Technology, SaaS

Ragnar Sass has strongest skill is to find the best people and keep them rocking in speed of 200 km/h. He has organized 20+ Hack-a-thons Garage48 in Eastern Europe + West & East-Africa. He advise other founders and share experience where it could help.

## Sten Tamkivi
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 6
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Financial Services, Artificial Intelligence

Sten Tamkivi is the Chief Product Officer at Topia (formerly MOVE Guides). He was previously co-founder and CEO of Teleport (acquired by Topia), the place to scout for startup people. He co-founded the company as an EIR at Andreessen Horowitz.Sten has been a tech entrepreneur since 1996. After founding a few companies in Estonia, he joined Skypeas an early executive, ran the original R&D office, and held several global product leadership roles for 8+ years.He has an MS in Management from Stanford GSB.

## Taavet Hinrikus
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 5
- Stages: Seed, Series A, Series B
- Focus: FinTech, Financial Services, Software

Taavet Hinrikus is co-founder and CEO of TransferWise. Prior to starting TransferWise, Taavet was Skype’s director of strategy until 2008, starting as its first-ever employee. One of the World Economic Forum's Tech Pioneers, Taavet is an adviser to Prime Minister of Estonia on the digital agenda. He’s also a mentor and angel investor; hisinvestments include Tweetdeck, Mendeley, OMGPOP, Property Partner, Sunrise, Improbable and Mapillary.

## Ahti Heinla
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 4
- Stages: Seed, Angel, Series A
- Focus: Internet, Project Management, Software

Ahti is the CEO, CTO and co-founder in Starship Technologies, a startup that intends to disrupt last-mile delivery by introducing self-driving local delivery robots. He is also a co-owner in Ambient Sound Investments, a private investment vehicle launched by Estonian Skype co-founders.Ahti conducts technical reviews of all ASI's potentialinvestments. His experience and knowledge as a system architect is invaluable in assessing and managing ASI's portfolio companies.Ahti picked up programming at the early age of ten, his fascination with all things technical resulting in him being the lead technical architect at Skype. Ahti has also worked on artificial intelligence, 3D graphics engines, signal processing, and building mobile phones.Out of the office, Ahti dons his running gear to enjoy orienteering and adventure racing events, where navigation is his strong-point.

## Kaarel Kotkas
- Type: Angel
- Relevant deals: 4
- Stages: Seed, Series A, Angel
- Focus: Gaming, Software, 3D Technology

Kaarel Kotkas is a Co-Founder and CEO at Veriff.

## Martin Henk
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 4
- Stages: Pre-Seed, Seed, Angel
- Focus: Software, SaaS, Information Technology

Martin Henk is the Co-founder of Pipedrive.

## Markus Villig
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 3
- Stages: Seed, Angel
- Focus: E-Commerce, FinTech, Financial Services

Markus Villig is founder and CEO of Taxify. He attended University of Tartu.

## Kristjan Raude
- Type: Angel
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Equity Crowdfunding
- Focus: Consumer Electronics, Internet of Things, Software

I am a serial entrepreneur and angel investor with 15+ years of international experience in sales & marketing, leading teams of 300+ with annual revenue of 10M+. Founder of 3 international companies and investor to 10+ startups. Member of the board at Estonian Business Angels Network.

## Martin Villig
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 3
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, Information Technology, Education

Martin is co-founder of Bolt.eu, Estonian Founders Society, Garage48.org, Good Deed Education Foundation and kood/Jõhvi coding school.
Read more from http://martinvillig.com

## hi VC
- Type: Angel
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Software, Artificial Intelligence, Information Technology

hi VC

## Martin Tajur
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 3
- Stages: Pre-Seed, Seed, Angel
- Focus: Software, SaaS, Recruiting

Martin Tajur is the co-founder of Pipedrive.

## Priit Kasesalu
- Type: Angel
- Relevant deals: 2
- Stages: Seed
- Focus: iOS, Apps, Email

Priit is heavily involved in assessing all of ASI's new technology investments.Before ASI, Priit played an integral role in developing Kazaa and later Skype; indeed, he continues to work at Skype as a core library developer.While cryptography and data communication are his areas of expertise, his other passion is computer gamedevelopment. Together with Ahti and Jaan, he wrote the first Estonian commercial computer game, Kosmonaut.When he isn't using his innate ability to solve complex technical problems, Priit enjoys good company, gourmet restaurants and biking.He holds a degree in automation and system technology from Tallinn University of Technology.

## Aydın Mizrahi
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, InsurTech, Logistics

Aydın Mizrahi

## Yiğit Barış Şemin
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Crowdsourcing, Computer Vision

Yiğit Barış Şemin

## Akim Arhipov
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, iOS, Apps

Akim is an Estonian entrepreneur who has cofounded BAASIS ID with Sergey Shcherbak – all-in-one identity verification (KYC) platform for financial institutions and governmental agencies in Southeast Asia. Akim’s team was participated in creation of electronic ID system and eGovernment portals for Estonian government.BAASIS ID use biometric facialrecognition, passport / ID validation, bank account validation and sanctions screening in automatic way providing final approval results in 3 minutes.For businesses, BAASIS ID means the end of vast, vulnerable databases of customer data – hugely reducing the risk of regulatory issues, fraud and the reputational damage of a breach providing the data storage in the blockchain.Proud to be a facilitator of reputation economy among Southeast Asia regulatory sandboxes and governmental agencies, like Security and Exchanges Commision of Thailand and Bank Negara Malaysia. Akim and his team work together with Bahrain government in order to build electronic identity system for citizens.Previously a co-founder of successful companies in IT and transportation sectors – OnniBus.com and SuperBus.com. The first one is the most successful commercial bus operator in Finland: 20 lines, 200+ daily departures, 6+ million passengers served annually.

## Joakim Karske
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Education, Recruiting, Professional Services

Joakim Karske

## Peter Sandberg
- Type: Angel
- Location: Copenhagen, Hovedstaden, Denmark
- Relevant deals: 2
- Stages: Angel, Pre-Seed, Secondary Market
- Focus: Internet, Artificial Intelligence, FinTech

Peter Sandberg is a co-founder of Nordic Secondary Fund, and a venture partner at Startup Wise Guys.
He has extensive experience as a Business Angel and in asset management.

## Taavi Madiberk
- Type: Angel
- Location: Dresden, Sachsen, Germany
- Relevant deals: 2
- Stages: Seed, Angel
- Focus: Information Technology, Software, SaaS

Taavi Madiberk is the Co-Founder and Chief Executive Officer at Skeleton Technologies. His business development, sales and marketing and company management skills have been instrumental in setting-up and driving growth. He has been the driving force for excellent customer traction, (the company counts as customers European Space Agency and severalTier 1 automotives), business strategy (leveraging the advantage in materials technology to energy storage cells and modules), product development and fundraising from venture capital, private equity and public sources in German, Estonian and EU level. Taavi Madiberk brings knowledge from the IT, locomotive and NGO sectors from his experience prior to Skeleton Technologies. Among other Board positions he has served as the youngest ever Chairman of the Supervisory Board in Estonian Railways Ltd (AS Eesti Raudtee) from 2012-2014 the national railway. He also served as a Member of the Supervisory Board of RKAS in 2014, an Estonian state-owned real estate company with over 400 M EUR of assets.

## Oliver Ahlberg
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Angel
- Focus: Information Technology, Software, SaaS

Oliver Ahlberg is the Co-Founder and Chief Operating Officer of Skeleton Technologies. He has assured excellent operational capabilities and played a critical role in the development of internal procedures which have kept the company on the forefront of energy storage development. He has had an integral role in securing VC funding and settingup the company's R&D Center in Estonia. Additionally he plays a central role in the company's IT capabilities, production systems and processes and daily administration of the company. Leading the pilot production of the company, he also offers input in product development and has led production optimization efforts. Oliver Ahlberg has previously worked in the IT and law sector in San Fransisco, USA and Tallinn, Estonia. He has co-founded digital media company Vigvam Studio and a daily deals site acquired by the market leader in 2010. Oliver Ahlberg has earned a law degree from University of Tartu.

## Peep Vain
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Angel
- Focus: Software, Genetics, Recruiting

Peep Vain is the Private Investor at Vain and Partners. He attended Bentley University.

## Batuhan Gültakan
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Crowdsourcing, Computer Vision

Batuhan Gültakan

## Emre Kozlu
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Artificial Intelligence, InsurTech

Emre Kozlu

## Engin Gürsöz
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Crowdsourcing, Computer Vision

Engin Gürsöz

## Christopher Sier
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Education, Recruiting, Professional Services

Christopher Sier - Executive Chairman @ ClearGlass

## Timo Rein
- Type: Angel
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Seed, Angel, Convertible Note
- Focus: Software, Artificial Intelligence, Human Resources

Timo Rein - Co-Founder @ Pipedrive

## Alvar Lumberg
- Type: Angel
- Relevant deals: 2
- Stages: Seed
- Focus: Software, FinTech, GreenTech

Alvar Lumberg - CTO, co-founder @ Grünfin

## Vitaly Rubstein
- Type: Angel
- Location: Zürich, Zurich, Switzerland
- Relevant deals: 2
- Stages: Seed, Angel
- Focus: Human Resources, Apps, SaaS

Vitaly Rubstein - Co-Founder and Partner @ RubyLight

## Marek Kiisa
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, Artificial Intelligence

Marek Kiisa is the co-founder and Managing Partner at NordicNinja VC, and the co-founder and partner at Superangel.io. He has made 15 private angel investments and created several companies, like Astrec Baltic, Pilvio.io and Kood/Johvi coding school. He has his Master Degree on Machine Design from KTH Stockholm and he is a Kauffman FellowClass 19.

## Andres Kull
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: AgTech, Farming, Software

Andres Kull

## Taavi Lepmets
- Type: Angel
- Location: Luxembourg, Luxembourg, Luxembourg
- Relevant deals: 2
- Stages: Seed, Angel
- Focus: Software, Human Resources, Apps

Taavi Lepmets - Co-Founder @ Karu Capital

## Kuido Lepik
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Apps, GPS, Pet

Kuido Lepik - Owner & CEO @ Signiti

## Andrus Purde
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Public Transportation, Internet

Experienced startup marketer. Co-founder and CEO of Outfunnel. Skype and Pipedrive alumni. Angel investor.

## Indrek Prants
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Education, Recruiting, Professional Services

Indrek Prants - Co-Founder @ Elasteq do Brasil

## James Berdigans
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Drones, Delivery, Software

James Berdigans - CEO & Founder @ Printify

## Chris Sang
- Type: Angel
- Location: Sydney, New South Wales, Australia
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, E-Commerce, Mobile

Managing Partner, Chief Technology Officer, Venture Advisor, Global Investor

## Matt Arnold
- Type: Angel
- Location: Houston, Texas, United States
- Relevant deals: 1
- Stages: Seed
- Focus: B2B, Software, Information Technology

Matt Arnold is a Co-Founder and member of the Board of Directors for Solid BiosciencesMatt Arnold's background is in energy commodities. He was Managing Director of Constellation Energy Global Commodities in London from 2005 – 2009 when it was sold to Goldman Sachs.Prior to joining Constellation in 2002, Matt Arnold worked in energytrading and finance at Enron. Since 2009, Matt Arnold has been actively working with startup businesses in the UK and Europe, primarily in the technology and clean tech sectors. He holds an MS in Environmental Engineering from the University of Virginia and an undergraduate degree from Duke University.

## Gunnar Kobin
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Education, Recruiting, Professional Services

Gunnar Kobin

## Raivo Kütt
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Angel
- Focus: Apps, Gaming, Mobile

Raivo Kütt

## John Tsioris
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Travel, Internet, Blockchain

John Tsioris is the CEO at InstaShop.

## Chris Schagen
- Type: Angel
- Location: Berlin, Berlin, Germany
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, SaaS

I help developer tech entrepreneurs beginning from crazy idea, through MVP stage, product market fit, go-to-market fit, up to go-to-market scaling. Also I help you get your first 1000 leads. Before, I was the CMO at Contentful and helped it grow from $0m to $50m in ARR, and before that founded 3 companies, including Wooga (exit to Playtika),Linklift, and Mundwerk.I obsess about being customer-centric and customer-driven in building your organization. And I am the curmodgeon who tells you things you need to (but probably don't want to) hear.

## Triin Hertmann
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: FinTech, Software, E-Commerce

Triin Hertmann is founder of Grünfin, a sustainable investment platform, angel investor (mostly in Estonia and Nordics region). She is a former COO at TransferWise and early employee of Skype.

## Ahmed Faruk Karslı
- Type: Angel
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: E-Commerce, Art, Marketing

Ahmed Karslı is the chairman of the board at Papara.

## Urmas Purde
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Angel
- Focus: Software, Recruiting, Human Resources

Co-Founder of Pipedrive.

## K*****r P.
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Marketing, Advertising, Social Media

K*****r P.

## Aare Järvan
- Type: Angel
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 1
- Stages: Angel
- Focus: Apps, Gaming, Mobile

Aare Järvan

## Toivo Annus
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: E-Commerce, Software, FinTech

Active individual investor in flying drones, also looking at payments and ecommerce.

## K*****v E.
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Marketing, Advertising, Social Media

K*****v E.

## Ergo Sooru
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Angel
- Focus: Apps, Gaming, Mobile

Ergo Sooru

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