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Top 50 Financial Services VC Funds & Investors in Estonia (May 2026)

The most active venture capital funds investing in Estonia Financial Services startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Estonia Financial Services startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Superangel
VC Fund
9 Estonia, United States, Finland Seed, Pre-Seed, Series A Artificial Intelligence, Software, FinTech $161k–$6.9M
Icebreaker.vc
VC Fund
7 Finland, Estonia, Sweden Pre-Seed, Seed, Series A Software, Information Technology, Artificial Intelligence $54k–$16M
Lemonade Stand
VC Fund
7 Estonia, India, Poland Seed, Pre-Seed, Angel Software, SaaS, FinTech $222k–$2.1M
Karma Ventures
VC Fund
6 Estonia, Sweden, Finland Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $536k–$30M
Specialist VC
VC Fund
5 Estonia, United Kingdom, United States Seed, Pre-Seed Information Technology, Software, FinTech $214k–$2.5M
BlackFin Capital Partners
VC Fund
4 France, Germany, Denmark Private Equity, Series A, Series B Financial Services, FinTech, Payments $5.4M–$100M
Pinto Ventures
VC Fund
3 United Kingdom, Estonia, Germany Pre-Seed, Seed, Angel Financial Services, FinTech, Software
Tera Ventures
VC Fund
3 Estonia, United States, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, E-Commerce $120k–$10M
Blockchain Founders Fund
VC Fund
3 United States, United Kingdom, Canada Seed, Pre-Seed Blockchain, Cryptocurrency, Financial Services $15k–$6M
Cryptomeria Capital
VC Fund
3 Estonia, Canada, United States Seed Blockchain, FinTech, Cryptocurrency $1M–$12M
ff Venture Capital
VC Fund
3 United States, Canada, Poland Seed, Series A Software, Information Technology, Artificial Intelligence $770k–$10M
Parallax Ventures
VC Fund
2 Brazil, Estonia, United States Seed, Series A, Series B FinTech, Financial Services, Bitcoin $1.5M–$16M
European regional development fund (ERDF)
VC Fund
2 United Kingdom, Germany, France Grant, Pre-Seed Software, Information Technology, Artificial Intelligence $27k–$2.1M
500 Istanbul
VC Fund
2 Turkey, United States, Estonia Seed, Pre-Seed, Series A Software, Information Technology, Machine Learning $250k–$2.6M
NGC Ventures
VC Fund
2 United States, Singapore, Hong Kong Seed, Series A Blockchain, Cryptocurrency, Gaming $1.5M–$60M
Shima Capital
VC Fund
2 United States, United Kingdom, Singapore Seed, Pre-Seed Blockchain, Cryptocurrency, Gaming $1M–$7.7M
Fly Ventures
VC Fund
2 United Kingdom, Germany, United States Seed, Series A, Pre-Seed Software, Artificial Intelligence, Internet $1.2M–$16M
Token Ventures
VC Fund
2 Estonia, France, Switzerland Seed, Pre-Seed Blockchain, Cryptocurrency, Gaming $900k–$3.5M
Mosaic Ventures
VC Fund
2 United Kingdom, United States, Germany Series A, Series B Software, FinTech, Information Technology $3M–$62M
Seedcamp
VC Fund
2 United Kingdom, United States, Germany Seed, Pre-Seed, Series A Software, FinTech, SaaS $430k–$27M
Passion Capital
VC Fund
2 United Kingdom, United States, Estonia Seed, Series A, Series B Software, FinTech, Financial Services $369k–$26M
Change Ventures
VC Fund
2 Estonia, Lithuania, United States Seed, Pre-Seed, Series A Software, Information Technology, Apps $107k–$3M
Norrsken VC
VC Fund
2 Sweden, United Kingdom, Germany Seed, Series A Software, Food and Beverage, Health Care $599k–$21M
Digital Strategies
VC Fund
2 Canada, Estonia, Singapore Seed, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $1.8M–$34M
Digital Finance Group (DFG)
VC Fund
2 United States, Singapore, United Kingdom Seed, Series A Blockchain, Cryptocurrency, FinTech $243k–$100M
ZBS CAPITAL
VC Fund
2 United States, Singapore, India Seed, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $875k–$25M
LD Capital
VC Fund
2 United States, Singapore, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $1.2M–$16M
365.fintech
VC Fund
2 United Kingdom, Germany, Belgium Seed, Pre-Seed, Series A FinTech, Financial Services, Software $118k–$9.8M
CoinFund
VC Fund
2 United States, United Kingdom, Switzerland Seed, Series A Blockchain, Cryptocurrency, Financial Services $1M–$16M
Mapleblock Capital
VC Fund
2 Singapore, Switzerland, United States Seed, Series A Blockchain, Cryptocurrency, FinTech $1.7M–$6M
Morgan Creek Digital
VC Fund
2 United States, Canada, Israel Seed, Series A, Series B Blockchain, FinTech, Cryptocurrency $2.5M–$18M
Gateway Ventures (formerly primeCROWD)
VC Fund
2 Germany, Austria, Estonia Seed, Series A Software, Machine Learning, Artificial Intelligence $2.1M–$4.5M
SeedBlink
VC Fund
2 Romania, United States, United Kingdom Seed, Pre-Seed, Series A Software, Information Technology, SaaS $123k–$27M
Pnyx Ventures
VC Fund
2 Canada, Estonia, Norway Seed, Pre-Seed Blockchain, Financial Services, FinTech $885k–$6.4M
Giesecke+Devrient Ventures
VC Fund
2 Germany, Estonia, Switzerland Seed, Series A Information Technology, Artificial Intelligence, FinTech
Neosfer
VC Fund
2 Germany, Estonia, United Kingdom Seed, Series A Software, Financial Services, FinTech $600k–$28M
Vendep Capital
VC Fund
2 Finland, United States, Canada Seed, Series A SaaS, Software, Analytics $696k–$33M
Tolaram Group
VC Fund
2 India, Brazil, Estonia Seed, Corporate Round, Equity Crowdfunding Financial Services, FinTech, Credit $700k–$1.5M
Zenith Family Office
VC Fund
2 Estonia, United States Pre-Seed Commercial Real Estate, SaaS, B2B
Tezos Foundation
VC Fund
1 United States, France, Estonia Seed, Series A Software, FinTech, Blockchain $500k–$63M
Index Ventures
VC Fund
1 United States, United Kingdom, France Series A, Series B, Seed Software, E-Commerce, Internet $1.2M–$50M
Greycroft
VC Fund
1 United States, United Kingdom, Germany Series A, Seed, Series B Software, E-Commerce, Internet $1.5M–$45M
Element Ventures
VC Fund
1 United Kingdom, Germany, Sweden Series A, Seed, Series B FinTech, Financial Services, Payments $4.3M–$15M
Siena Capital
VC Fund
1 Estonia, Latvia Seed, Pre-Seed, Convertible Note CAD, Banking, FinTech
Parachain Ventures
VC Fund
1 Estonia, Gibraltar, Hong Kong Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.5M–$12M
Constructive Venture Fund
VC Fund
1 Switzerland, France, Sweden Series A, Series B, Seed Real Estate, SaaS, Analytics $3.4M–$11M
Practica Capital
VC Fund
1 Lithuania, United Kingdom, United States Seed, Series A Information Technology, Software, B2B $170k–$23M
VR Ventures
VC Fund
1 Germany, Estonia, Switzerland Seed, Pre-Seed, Series A FinTech, Software, Information Technology $3M–$10M
UOB Venture
VC Fund
1 United States, Singapore, China Series B, Series C, Series A FinTech, Financial Services, Manufacturing $2.4M–$600M
Intel Capital
VC Fund
1 United States, China, Israel Series B, Series A, Series C Software, Information Technology, Enterprise Software $3.5M–$67M
Access all 134 VC funds in Estonia Financial Services startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Superangel
VC Fund · Tallinn, Harjumaa, Estonia · 9 investments in Estonia Financial Services startups

Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io

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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.
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Icebreaker.vc
VC Fund · Helsinki, Southern Finland, Finland · 7 investments in Estonia Financial Services startups, 11 in the past 12 months

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.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Finland, Estonia, Sweden

Investor stats

  • Total investments: 98
  • Round size: Seed $375k–$5.2M; Pre-Seed $54k–$857k; Series A $2.7M–$16M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: May invest from a new fund soon — raised $21M in 2021

Portfolio highlights

  • Aibidia — Discover the Aibidia TXM Platform and our digital transfer pricing applications, eliminating billions of euros in tax inefficiencies and risks.
  • Fixably — Fixably is the repair management solution to seamlessly connect all users, from the end customer to the technician, and all repair systems within your service business.
  • IPRally — Improve your invalidity, patentability and FTO searches. Easy-to-use patent search web application, powered by unique AI knowledge graph technology.
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Lemonade Stand
VC Fund · Tallinn, Harjumaa, Estonia · 7 investments in Estonia Financial Services startups

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.

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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
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Karma Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 6 investments in Estonia Financial Services startups

karma.vc is an early stage venture capital fund focusing on seed and early stage technology companies in Europe.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Estonia, Sweden, Finland

Investor stats

  • Total investments: 36
  • Round size: Seed $536k–$4.3M; Series A $4.8M–$16M; Series B $3.2M–$30M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Commsignia — Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Its product line includes a V2X Communication Software Stack and Commsignia’s own security stack implementation, Hybrid V2X/ADAS Safety Applications, a V2X Simulator, On-Board Units (OBU) and Roadside Units(RSU).The company was founded in 2012 and is headquartered in Santa Clara, California.
  • DRUID — DRUID is an AI platform that allows companies to automate processes by designing and deploying UiPath RPA integrated chatbot virtual assistants.
  • Jobbatical — Jobbatical takes care of the entire relocation process for you. Just sit back and relax.
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Specialist VC
VC Fund · Tallinn, Harjumaa, Estonia · 5 investments in Estonia Financial Services startups, 8 in the past 12 months

United Angels VC is an early stage venture capital fund based in Estonia.

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Investment focus

  • Industry: Information Technology, Software, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: Estonia, United Kingdom, United States

Investor stats

  • Total investments: 41
  • Round size: Seed $214k–$2.5M; Pre-Seed $321k–$2.1M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • VOOL — VOOL is a one-stop shop for uninterrupted EV Charging. Experience chargers that are reliable, save money, and look damn good. Made in Estonia.
  • AskToSell — Companies grow revenue faster using AskToSell to automate sales for small deal sizes. Curious how? Get started with a 7-day free trial. Close Small Deals On Autopilot.
  • 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.
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BlackFin Capital Partners
VC Fund · Paris, Ile-de-France, France · 4 investments in Estonia Financial Services startups

BlackFin Capital Partners is the leading pan-European Financial Services PE Platform. The team consists of +35 experienced professionals from several nationalities.

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Investment focus

  • Industry: Financial Services, FinTech, Payments
  • Stage:Private Equity, Series A, Series B
  • Geography: France, Germany, Denmark

Investor stats

  • Total investments: 49
  • Round size: Series A $5.4M–$16M; Series B $21M–$100M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • HAWK:AI — We are HAWK:AI and we run a real-time transaction monitoring solution to support Financial Institutions to get to the next level of Anti-Money-Laundering.
  • Mooncard — Mooncard was created with an ambition: to put the new payment technologies at the service of the day-to-day management of all companies to enable them to gain in simplicity, efficiency and therefore profitability. Currently, many purchasing and spending processes remain manual and complex, ranging from routine purchases and expenses to expenseclaims. Businesses of any size, and often the small ones, lose valuable time to make and manage these payments. Mooncard completely transforms this situation by proposing an innovative payment solution, piloted in real time, secure and deployable very easily. Thanks to the most modern technologies (web, big data, IA ...) the payment and management circuit is completely automated.Mooncard supports all companies to enable them to take full advantage of the revolution of means of payment.
  • Descartes Underwriting — Descartes Underwriting is an insurtech company that specializes in climate risk modeling and data-driven risk transfer. It works with corporate brokers to design and underwrite innovative, bespoke, and affordable insurance. The company offers tech-based insurance products covering risks such as flooding, wildfires, droughts, and other large-scaleevents to businesses, across all sectors, including agriculture, hospitality, mining, construction, traditional and renewable energy, entertainment, and retail. The company was founded in 2019 and is headquartered in Puteaux, Ile-de-France, France.
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Pinto Ventures
VC Fund · Zug, Zug, Switzerland · 3 investments in Estonia Financial Services startups

We provide the capital, the time and support you need to build your most ambitious and successful business

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Pre-Seed, Seed, Angel
  • Geography: United Kingdom, Estonia, Germany

Investor stats

  • Total investments: 13
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • eTEU — eTEU is a startup that works on documentation process optimisation and digitalisation in the container shipping industry
  • Roundabout — La piattaforma per gestire in pochi click le tue campagne di influencer marketing raccontando i tuoi valori e le tue idee. Scopri subito il tool!
  • Vonzu — SaaS platform for last mile logistics and distribution.
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Tera Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Estonia Financial Services startups

Tera Ventures is a venture capital firm based in Tallinn, Estonia and focused on exceptional founders from Baltics, Scandinavia and CEE, disrupting digital space globally. Tera builds presence and networks in the markets where our portfolio companies want to expand to - the UK, the US, and Asia. With presence in Estonia, Finland, and California,Tera Ventures is supported by a global advisory network and provides portfolio companies with access to expertise and hands-on support necessary to grow from pre-seed and seed stage to successful exit. While investing we do not take a controlling shareholding as they believe that the management of the company should be adequately motivated by its shareholding in the company.

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Investment focus

  • Industry: Software, Artificial Intelligence, E-Commerce
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Estonia, United States, United Kingdom

Investor stats

  • Total investments: 49
  • Round size: Seed $536k–$2.7M; Pre-Seed $120k–$1M; Series A $1.2M–$10M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Avokaado — We automate contracts to take over your manual work. All-in-one toolbox for everyone in an organization to automate, negotiate, sign, and manage contracts. Customer contracts, employment agreements, investor agreements, and others are all fully automated.
  • AI Clearing — Full digital field construction progress tracking. To decrease re-work cost. To mitigate litigation risk. 100% databased.
  • Miros — Elevate the experience with Wordless Search for ecommerce. Mirror your shoppers intent and surface the products they have in mind.
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Blockchain Founders Fund
VC Fund · Singapore, Central Region, Singapore · 3 investments in Estonia Financial Services startups, 16 in the past 12 months

We Focus Exclusively On Adding Value To Blockchain & Emerging Technology Projects With Real World Applications.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Pre-Seed
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 123
  • Round size: Seed $125k–$4M; Pre-Seed $15k–$6M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: Likely still investing — raised $75M in 2022

Portfolio highlights

  • Freename — Redefining Web3 Naming System. Web3 Registrar: custom TLDs and Domains
  • LunarCrush — Smarter crypto, NFT, and stock investing with insights from millions of conversations happening across social.
  • SuperSight — SuperSight (https://supersight.xyz/), a UK-based start-up, is building crypto-specific Large Language Models (LLMs) to revolutionise the way we interact with crypto data. With 420 million crypto users but only 30,000 able to code for onchain insights, SuperSight bridges the gap, enabling easy access to information from a range ofboth on-chain and off-chain sources like Discord, Telegram, Twitter, Mirror, Podcast Transcripts, and news sites. Beyond just collecting data, SuperSight uses AI to improve the search experience, making it personalised, accurate, and ultimately, more insightful.
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Cryptomeria Capital
VC Fund · Singapore, Central Region, Singapore · 3 investments in Estonia Financial Services startups

We help you to enter the Chinese crypto market. We invest in blockchain projects.

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Investment focus

  • Industry: Blockchain, FinTech, Cryptocurrency
  • Stage:Seed
  • Geography: Estonia, Canada, United States

Investor stats

  • Total investments: 18
  • Round size: Seed $1M–$12M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • MetaMundo — MetaMundo is the destination for collecting unique 3D avatars ready to use across games, VR/AR, social media and the metaverse.
  • Tradelize — Tradelize is LinkedIn for crypto traders and investors backed by real trading stats. Here anyone can find a way to increase their returns on the cryptocurrency market.
  • IQ Labs — IQ Marketplace offers unique NFTs with exclusive utilities, boosting your in-game experience. With flexible renting parameters and multiple payment options, rent without collateral and unlock the full utility of NFTs. Say goodbye to gas fees with our gasless renting feature and multiply the value of NFT collections with our multi-utility renting. Explore now
Show all investments...

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
ff Venture Capital
VC Fund · New York, New York, United States · 3 investments in Estonia Financial Services startups, 7 in the past 12 months

ff Venture Capital (ffVC) is a technology venture capital firm investing in some of the strongest growth areas to date, including cybersecurity, artificial intelligence, machine learning, drones, enterprise cloud software, and crowdfunding. The firm identifies and invests in technology and technology-enabled companies at its inception acrossgeographies and emerging industries. With three partners and an acceleration team of 20+ investment and operations professionals, ffVC actively participates with founders to develop products, target markets, and accelerate growth. Since 2008, ffVC has invested in over 100 companies and has helped to create companies with an aggregate market value exceeding $6 billion.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: United States, Canada, Poland

Investor stats

  • Total investments: 254
  • Round size: Seed $770k–$3.8M; Series A $1M–$10M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Dashbot — Actionable Voice & Chatbot Analytics. Optimize Response Effectiveness; Understand User Behaviors; Increase User Satisfaction, Engagement, and Monetization.
  • PrivacyHawk — Privacyhawk is a mobile app that empowers everyone to take back control of their privacy.
  • Payscore — Payscore is an automated income verification tool that helps property managers and lenders make the best applicant approval decisions.
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Parallax Ventures
VC Fund · São Paulo, Sao Paulo, Brazil · 2 investments in Estonia Financial Services startups

Founded in 2018, Parallax Ventures is a Fintech-focused top quartile Venture Capital firm that focuses on early-stage investments, baking best-in-class entrepreneurs in the Financial Services industry. The firm invests in Fintechs across all subsectors of Financial Industry, including Open Finance, FMI, Exchanges, BaaS, IaaS, B2B SaaS,Blockchain/Web3, Credit, Wealth Management tech, and Productivity, among others. Parallax has invested in Fintechs in Brazil, USA, and Europe.

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Investment focus

  • Industry: FinTech, Financial Services, Bitcoin
  • Stage:Seed, Series A, Series B
  • Geography: Brazil, Estonia, United States

Investor stats

  • Total investments: 17
  • Round size: Seed $1.5M–$6.6M; Series A $15M–$16M
  • Lead/follow: 71% lead, 29% follow

Portfolio highlights

  • Wert — Making purchasing of NFTs seamless and not requiring users to have crypto.
  • Klavi — Klavi specializes in data analytics and open data connectivity that receives data securely, quickly, and scalable through a single API.
  • CAF — We are specialists in combating identity theft and people trying to impersonate others.
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European regional development fund (ERDF)
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Estonia Financial Services startups, 8 in the past 12 months

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.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Grant, Pre-Seed
  • Geography: United Kingdom, Germany, France

Investor stats

  • Total investments: 72
  • Round size: Grant $27k–$2.1M; Pre-Seed $43k–$359k
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Hilo EV — Hilo EV uses AI to scan its surroundings for hazards such as pedestrians and vehicles, and actively applies a number of functions to warn of the danger.
  • Crespect — Achieve harmony in legal practice
  • ProTec Group — ProTec Group operates as a specialist prototype to production part supplier. ProTec Group provide a completely integrated design-to-production service from 1off CNC machined, fabricated or 3D printed to Low volume prototype & production manufacturing techniques.
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500 Istanbul
VC Fund · Istanbul, Istanbul, Turkey · 2 investments in Estonia Financial Services startups

500 Startups is a venture capital firm on a mission to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. Since its inception in 2010, 500 has provided hundreds of millions of investment dollars, acceleration programs, and support services to thousands ofentrepreneurs in over 60 countries.

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Investment focus

  • Industry: Software, Information Technology, Machine Learning
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Turkey, United States, Estonia

Investor stats

  • Total investments: 25
  • Round size: Seed $250k–$1.2M; Pre-Seed $720k–$2.6M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Permify — Permify is an open-source authorization for building RBAC, ABAC, and Access Control in your application. Create your access control model, sync your authorization data, and enforce permission with a single check!
  • Refine — refine offers lots of out-of-the box functionality for rapid development, without compromising extreme customizability. It ships with Ant Design, an enterprise-level UI toolkit.
  • Freeflow — Enabling better hiring one community at a time!
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NGC Ventures
VC Fund · 2 investments in Estonia Financial Services startups

NGC Ventures has been investing in blockchain since 2017, with an investment thesis driven by infrastructure. We are an early-stage VC fund, among others, we invested early into Ziliqa, Solana, Avalanche, Filecoin. We have a global team of crypto natives that offers support and insights into token design, go-to-market and more.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Hong Kong

Investor stats

  • Total investments: 41
  • Round size: Seed $1.5M–$9M; Series A $15M–$60M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Soulbound — Saga is a decentralized gaming community that aims to improve and grow the metaverse by creating a chain-agnostic market infrastructure.
  • Amulet Protocol — Simple, Reliable Cover For Everyone in Web3
  • Xverse — Xverse is the most advanced and user-friendly Bitcoin wallet. Earn BTC, trade Ordinals, and connect to Web3 apps powered by Stacks. Download for iOS, Android and Chrome.
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Shima Capital
VC Fund · San Francisco, California, United States · 2 investments in Estonia Financial Services startups, 33 in the past 12 months

Shima Capital is an investment fund that focuses on supporting cutting-edge blockchain startups. The firm is headquartered in San Francisco, California, United States.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Pre-Seed
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 194
  • Round size: Seed $1.5M–$7.7M; Pre-Seed $1M–$2.1M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • D3 — D3 - DNS Domains for Web3
  • jiritsu.network — Jiritsu is a decentralized protocol enabling verifiable compute.
  • Mythic Protocol — Mythic Protocol is an entertainment company that develops games, media and platforms.
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Fly Ventures
VC Fund · Berlin, Berlin, Germany · 2 investments in Estonia Financial Services startups, 12 in the past 12 months

Fly is a first check VC for technical founders solving hard problems. We invest from day-zero to seed, backing founders from all over Europe.

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Investment focus

  • Industry: Software, Artificial Intelligence, Internet
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, Germany, United States

Investor stats

  • Total investments: 77
  • Round size: Seed $1.2M–$8M; Series A $4.6M–$16M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • FERNRIDE — Fernride enables automated, sustainable logistics by combining the skills of remote drivers with autonomous technologies.
  • Pear Bio — Pear Bio uses organ-on-a-chip and computer vision technology to recreate, visualize, and compute the human tumor microenvironment and its effects on cancer progression. The company was founded in 2017 and is headquartered in London.
  • Martian Lawyers Club — Martian Lawyers Club takes game personalization to the next level with the help pf generative AI.
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Token Ventures
VC Fund · 2 investments in Estonia Financial Services startups

We see a bright future of blockchain-based technologies.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Pre-Seed
  • Geography: Estonia, France, Switzerland

Investor stats

  • Total investments: 4
  • Round size: Seed $900k–$3.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Elusiv — Elusiv offers compliance in mind with next-generation privacy solutions for a better Web3.
  • Swipelux — Swipelux is a payment gateway widget, that enables the end-user to buy crypto using his credit/debit card. Swipelux is B2B focus, with the ability to integrate this fast, safe and flexible widget into all kinds of Websites, Crypto exchanges, Crypto wallets, Defi, NFT marketplaces.
  • Legends of Elysium — Legends of Elysium is a fantasy Free-To-Play fusion of Card & Board Game enhanced with strategic elements.
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Mosaic Ventures
VC Fund · London, England, United Kingdom · 2 investments in Estonia Financial Services startups

We back founders who are reimagining the world. We invest $1-10m early, in those building daring adventures in Europe.

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Investment focus

  • Industry: Software, FinTech, Information Technology
  • Stage:Series A, Series B
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 86
  • Round size: Series A $4.7M–$17M; Series B $3M–$62M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Smiler — Memorable experiences deserve to be captured in high quality. We make it happen. Valuable memories in high quality, for everyone, everywhere.
  • Coram AI — Coram AI creates video intelligence systems for businesses. Coram AI has created systems for video intelligence for companies of all sizes. Each camera "works for you" instead of just being a video recorder using Coram AI. They assist their clients in gaining fresh perspectives on their operations, security, and safety.
  • Meander — Vektor is the career platform for Tech professionals.
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Seedcamp
VC Fund · London, England, United Kingdom · 2 investments in Estonia Financial Services startups, 32 in the past 12 months

Seedcamp is Europe's seed fund, identifying and investing early in world-class founders attacking large, global markets and solving real problems using technology. The Seedcamp Nation includes over 400 startups building breakout businesses that change the way people live, interact and buy and includes publicly listed UiPath, Wise, and unicornsRevolut, Hopin, Sorare, Pleo, and wefox along with fast-growing businesses such as Grover, viz.ai and Ezra. Seedcamp fast-tracks a founder's vision and creates value through immediate access to smart capital, a lifelong community of support and a global network built upon more than a decade's experience backing exceptional talent.Seedcamp fast-tracks a founder's vision and creates value through immediate access to smart capital, a lifelong community of support, and a global network built upon more than a decade's experience backing exceptional talent.

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Investment focus

  • Industry: Software, FinTech, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 308
  • Round size: Seed $433k–$5.7M; Pre-Seed $430k–$1.6M; Series A $1M–$27M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — raised $178M in 2023

Portfolio highlights

  • Sylvera — Sylvera Carbon offset ratings make offset quality and risks transparent. We make offsets auditable for offset sellers, intermediaries, buyers and investors.
  • Outverse — A community platform that's easier to use, better organised and designed for real interaction.
  • Dust — Dust is a platform for creating sophisticated processes based on large language models and semantic search.
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Passion Capital
VC Fund · London, England, United Kingdom · 2 investments in Estonia Financial Services startups, 10 in the past 12 months

Passion Capital is an early stage venture capital firm based in London.

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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.
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Financial Services startups, 7 in the past 12 months

We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.

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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
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Norrsken VC
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Estonia Financial Services startups, 15 in the past 12 months

We are a venture capital fund investigating in Start-Ups solving the worlds biggest problems while building massive businesses.

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Investment focus

  • Industry: Software, Food and Beverage, Health Care
  • Stage:Seed, Series A
  • Geography: Sweden, United Kingdom, Germany

Investor stats

  • Total investments: 65
  • Round size: Seed $599k–$7.6M; Series A $1.1M–$21M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • LanguifyAI — Languify is an AI based language learning assistant which analyses, corrects, and tracks a user's spoken and written English across all platforms. The AI assistant prompts feedback and nudges that improve conversations in real-time that enable improvisation on the spot without any delay. It also enables users to learn at their own pace throughpersonalized learning plans and games designed to minimize repetition of errors.
  • Granular Energy — Granular Energy provides solutions for managing and trading clean energy. Our tools have been developed to support the recent emergence of 24/7 time-stamped energy certificates as well as traditional "annual" certificates.
  • Material Evolution — Material Evolution uses patented geopolymer technology and proprietary algorithms to create the most sustainable materials on the planet.Material Evolution’s first product is a cement mix made from 95% waste using its algorithm technology. Its smart concrete mix is 10X stronger, 5X more durable, and reduces carbon consumption by 85%. Mostimportantly, it’s economically viable for construction companies.
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Digital Strategies
VC Fund · 2 investments in Estonia Financial Services startups

Blockchain & Gaming Investments, Value add advisory.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Initial Coin Offering
  • Geography: Canada, Estonia, Singapore

Investor stats

  • Total investments: 23
  • Round size: Seed $1.8M–$12M; Initial Coin Offering $5.5M–$34M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • NFT3 — NFT3s will become a direct monetization path for individuals to associate value on their terms with various aspects of their data journeys through life with different projects, individuals, social networks, companies, and institutions.
  • Bitcoin.com — The world's gateway to Bitcoin & cryptocurrency. Buy, sell, spend, swap, and invest in BTC, ETH, BCH, AVAX, MATIC & hundreds more digital assets. Stay informed about crypto, DeFi, and Web3.
  • Neo Financial — At Neo, we're innovating to make saving, spending and getting rewarded even more rewarding.
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Digital Finance Group (DFG)
VC Fund · Singapore, Central Region, Singapore · 2 investments in Estonia Financial Services startups, 7 in the past 12 months

Digital Finance Group (DFG) is a global blockchain and cryptocurrency investment firm. DFG was founded in 2015 and has assets under management of over $1 billion.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 85
  • Round size: Seed $243k–$6M; Series A $428k–$100M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Linera — Linera is the power of decentralization for everyone, everywhere.
  • Ledger — Secure your crypto assets such as Bitcoin, Ethereum, XRP, Monero and more. Give yourself peace of mind by knowing that your cryptocurrencies are safe
  • Earn Network — Onboarding millions to make billions in DeFi economy
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ZBS CAPITAL
VC Fund · 2 investments in Estonia Financial Services startups

ZBS Capital - distinguished crypto venture fund, backed by major media resources including CryptoDiffer.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Singapore, India

Investor stats

  • Total investments: 93
  • Round size: Seed $875k–$5M; Initial Coin Offering $3.7M–$25M
  • Lead/follow: 1% lead, 99% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Itheum — As we enter the web3 and metaverse era; Itheum unlocks data silos and generates new value for your data.
  • MeMusic — MeMusic is a blockchain NFT music service platform that uses blockchain technology to provide users with a music ecosystem experience.
  • The Unfettered — The Unfettered is a blockchain PC game.
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LD Capital
VC Fund · Shanghai, Shanghai, China · 2 investments in Estonia Financial Services startups, 6 in the past 12 months

LD Capital is one of Asia's earliest organizations focusing on value investing in blockchain field. Owing to industrial resource advantages and professional investment research teams, LD Capital has successively discovered and invested in projects such as Qtum, Vechain and Eos which all achieved over 100 times return.Their teams spread overChina, the United States, Europe, Singapore, Japan, and South Korea, and have accumulated rich experience in areas of traditional internet, Fintech, and advanced blockchain technology. They are committed to the globalization of blockchain and quality investment in the entire industry.LD Capital focuses on blockchain innovation projects within finance, games, content publishing, Internet of Things and other circuits, and we have been propelling broad layout of blockchain technology and infrastructure construction to facilitate the comprehensive development of the global blockchain ecosystem.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 130
  • Round size: Seed $1.3M–$9M; Initial Coin Offering $1.2M–$16M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • GAM3S.GG — Your home of web3 gaming offering game discovery, reviews, guides, news & quests for a full experience.
  • Ola — Ola is a ZKVM-based, High-performance, Privacy-focused layer2 platform.
  • Earn Network — Onboarding millions to make billions in DeFi economy
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365.fintech
VC Fund · Bratislava, Bratislava, Slovakia (Slovak Republic) · 2 investments in Estonia Financial Services startups

365.fintech is a boutique VC focusing on pre-seed & seed API-first, infrastructure & b2b/b2b2c fintech in broader CEE & Baltics.

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Germany, Belgium

Investor stats

  • Total investments: 17
  • Round size: Seed $964k–$9.8M; Pre-Seed $118k–$954k
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Ondato — Ondato provides end-to-end eKYC and AML solutions to streamline your compliance processes. Fight fraud with an identity verification service.
  • Montonio — 10x lower fees and the most customer-friendly financing solution.
  • Velaris — Velaris is a flexible, all-in-one Customer Success platform to help you create winning experiences. Automation, alerts, lifecycle management, health, intelligence
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CoinFund
VC Fund · Brooklyn, New York, United States · 2 investments in Estonia Financial Services startups, 9 in the past 12 months

CoinFund is where web3 capable meets web3 capital: cryptonative technologists who invest in the future before it's a trend.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Switzerland

Investor stats

  • Total investments: 124
  • Round size: Seed $1M–$7.5M; Series A $5M–$16M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely still investing — raised $300M in 2022

Portfolio highlights

  • Giza — Giza changes this by using zero-knowledge cryptography to bring model inferencing on-chain, unlocking a new depth for smart contract design.
  • P0x Labs — P0x labs is the team behind Manta Network is a privacy-preserving technology operating on the Polkadot blockchain.
  • Superstate — Superstate is developing the next generation of legal, blockchain-based financial solutions.
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Mapleblock Capital
VC Fund · Delhi, Delhi, India · 2 investments in Estonia Financial Services startups

Mapleblock Capital is an investment firm that exclusively consults and invests in crypto-assets and blockchain companies. It was founded in 2017 and is headquartered in Delhi, India.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A
  • Geography: Singapore, Switzerland, United States

Investor stats

  • Total investments: 22
  • Round size: Seed $1.7M–$6M; Series A $4.1M–$4.1M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Shardeum — Shardeum is an EVM-based, linearly scalable smart contract platform that maintains low gas fees while providing true decentralization and solid security
  • Neptune Mutual — Need Crypto Insurance? You don't need to submit loss proof to receive payouts. No need to wait after creating a claim. Get a free price quote now.
  • Ready — Compete in mobile games to WIN cash!
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Morgan Creek Digital
VC Fund · Chapel Hill, North Carolina, United States · 2 investments in Estonia Financial Services startups

Morgan Creek Digital is a hedge fund backed by Morgan Creek Capital. Morgan Creek Digital specializes in the fields of digital asset management, financial services, and venture capital. It was founded in 2004 and headquartered in Chapel Hill, North Carolina.

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Investment focus

  • Industry: Blockchain, FinTech, Cryptocurrency
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 28
  • Round size: Seed $2.5M–$4M; Series A $10M–$18M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • AIKON — AIKON is simplifying blockchain technology and providing intuitive products and services for enterprise companies.
  • Chain Reaction — Chain Reaction is engineering the future of disruptive blockchain and privacy technologies by accelerating compute and mining hardware performance.
  • Horizon Blockchain Games — We make web3 easy, fun, and accessible for users and builders.
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Gateway Ventures (formerly primeCROWD)
VC Fund · Vienna, Wien, Austria · 2 investments in Estonia Financial Services startups

Wir freuen uns mitzuteilen, dass primeCrowd nun unter neuem Namen Gateway Ventures fungiert.

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Investment focus

  • Industry: Software, Machine Learning, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Germany, Austria, Estonia

Investor stats

  • Total investments: 9
  • Round size: Seed $2.1M–$4.5M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Fyrfeed — Fyrfeed solves the creation of social media posts by harnessing an efficient Human-in-the-loop approach to AI. Customers subscribe to our service for a monthly fee and enjoy premium-quality posts regularly. Content doesn't get any easier than this.
  • memtime — memtime shows you everything you worked on during the day. Each program is recorded so that you can quickly remember. Add-on available for any software. | memtime
  • E-mobilio — E-mobilio is a consulting and mediation platform for electromobility.
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Pnyx Ventures
VC Fund · 2 investments in Estonia Financial Services startups

PNYX Ventures is a digital asset management firm specialising in blockchain capital markets.

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Investment focus

  • Industry: Blockchain, Financial Services, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: Canada, Estonia, Norway

Investor stats

  • Total investments: 18
  • Round size: Seed $1.6M–$6.4M; Pre-Seed $885k–$885k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Joystream — JoyStream is a blockchain powered decentralized media distribution, curation, discovery, and monetization platform.
  • Webb Protocol — Welcome to Webb, an ecosystem of infrastructures and applications designed to extend privacy to the blockchain space. We are committed to a future where privacy is accessible for all in the multi-chain world.
  • Minterest — Minterest is a cross-chain decentralized money market lending protocol for decentralized financial. Its unique design attracts and rewards long-term liquidity with Minterest distributing value captured by the protocol to MNT token holders who actively participate in its governance. Minterest was founded in 2020 and is based in Tallin, Estonia.
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Giesecke+Devrient Ventures
VC Fund · München, Bayern, Germany · 2 investments in Estonia Financial Services startups

G+D Ventures is active since 2018 and founded by experienced Venture Capitalists. We invest in growth-oriented companies, whose innovations promote trust in our society. Read more

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Investment focus

  • Industry: Information Technology, Artificial Intelligence, FinTech
  • Stage:Seed, Series A
  • Geography: Germany, Estonia, Switzerland

Investor stats

  • Total investments: 10
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
  • brighter AI — We provide visual redaction technology based on generative AI to help companies with GDPR compliance when working with machine learning data.
  • FNA — FNA is a deep technology analytics company that offers financial system services. Its platform allows financial institutions to map and monitor complex financial networks and to simulate operational and financial risks. FNA’s clients include the world’s largest central banks, financial market infrastructures, and leading financial institutions.The company is driven by a mission to make the financial system safer and more efficient and to play a pivotal role in the growing Artificial Intelligence and Machine Learning ecosystem, where FNA's engine powers use cases across a growing number of business domains.FNA was founded in 2013 and is based in London, England.
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Neosfer
VC Fund · Frankfurt, Hessen, Germany · 2 investments in Estonia Financial Services startups

Invest. Build. Connect. neosfer is shaping the digital and sustainable future in financial services. neosfer (formerly main incubator) is the early stage VC of Commerzbank Group. The company is headquartered in Frankfurt am Main. Through strategic investments in the fields of Fintech, Crypto, B2B SaaS & Sustainability neosfer participates ininnovations and makes them available for Commerzbank and its customers.

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Seed, Series A
  • Geography: Germany, Estonia, United Kingdom

Investor stats

  • Total investments: 43
  • Round size: Seed $600k–$13M; Series A $3.9M–$28M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • beatvest — An investment platform supporting do-it-yourself portfolio building with education and tools
  • Scompler — Scompler hilft Ihnen und Ihrem Unternehmen Ihre Kommunikation zukunftssicher zu gestalten. Kommunizieren Sie einfach gemeinsam besser.
  • Pliant — Pliant makes the latest generation of corporate credit cards that adapt perfectly to business processes and needs.
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Vendep Capital
VC Fund · Espoo, Southern Finland, Finland · 2 investments in Estonia Financial Services startups

B2B SaaS specialist VC operating in the Nordics and Baltics. We invest in the best early-stage software entrepreneurs.

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Investment focus

  • Industry: SaaS, Software, Analytics
  • Stage:Seed, Series A
  • Geography: Finland, United States, Canada

Investor stats

  • Total investments: 32
  • Round size: Seed $696k–$1.9M; Series A $3.3M–$33M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Agileday — Connect your business elements in one tool and manage your entire operations with Agileday. Match sales, projects, and talent together and optimize your business.
  • Happeo — This intranet keeps your teams informed, aligned, and productive with a template-based page builder, integrations, and universal search across all company tools.
  • My Telescope — My Telescope is the Share of Search analytics tool marketers use to track campaigns and build data-driven branding strategies.
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Tolaram Group
VC Fund · Singapore, Central Region, Singapore · 2 investments in Estonia Financial Services startups

Creating Possibilities, for Generations. For over 70 years, Tolaram has been improving lives through our businesses in diverse geographies. We aspire to do even more.

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Investment focus

  • Industry: Financial Services, FinTech, Credit
  • Stage:Seed, Corporate Round, Equity Crowdfunding
  • Geography: India, Brazil, Estonia

Investor stats

  • Total investments: 6
  • Round size: Seed $700k–$1.5M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Click Cash — Click Cash is a mobile App that simplifies the complicated and bureaucratic process of personal unsecured lending to individuals. 
Available on Google Play Store for Android devices, the app uses BigData and Open Banking for a new approach to personal finance, enabling secure and reliable microcredit to financially underserved people, in additionto financial education to help them make the best use of the new credit options that are now opening for the general public.
 Based out of São Paulo (Brazil), the Fintech startup was originally idealized by Estonian entrepreneurs that saw in Brazil and Latin America the opportunity to develop their solution. Key founders bring 15+ years of experience in online lending in Europe and were founders of Amarbank in Indonesia in 2014, which made IPO in January 2020. 
In 2019 it was estimated 45M unbanked and 65M financially underserved, but active and connected people, in Brazil alone. A group that has a financial activity of more than U$154 billion / R$ 800 billion per year, and a huge unmet demand for microcredit.
 Click Cash offers, in a 5 minutes process, from 100 USD to 1.000 USD loans to be paid back in up to 24 months. Flexible and adapted to the new digital economy, we work with other Fintechs and traditional banks alike, using the most advanced technologies in Data Analytics and Mobile Security, i.e: facial recognition and device behavioral analytics, as well as financial history, that enables us to run a full credit analysis in seconds creating personalized offers per user. 
The Click Cash App was officially launched in March 2020, and by May 2021 had +460K downloads and reached Top 5 in finance Apps in Brazil, with 4+ stars rating in Google Play Store.
  • Income — Income is a European marketplace for investing into consumer loans from around the world. Built by investors to investors, we seek to fix the problems of the current peer to peer platforms and to make a better investment experience for all. We connect consumer lending companies around the world to investors and enable an easy, fast and improvedway to invest.
  • Shandi Global — Shandi Global is developing technology that will enable it to manufacture plant-based meat substitutes that have amino acid and protein profiles that are similar to real meats, and thus have more flexible use cases than the current offerings of patties, nuggets, and sausages.
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Zenith Family Office
VC Fund · 2 investments in Estonia Financial Services startups

Independent wealth management company devoted to handling the investments and personal needs of wealthy individuals

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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.
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Tezos Foundation
VC Fund · Zug, Zug, Switzerland · 1 investments in Estonia Financial Services startups

We believe that Tezos will drive social, political and economic innovation on a global scale.

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Investment focus

  • Industry: Software, FinTech, Blockchain
  • Stage:Seed, Series A
  • Geography: United States, France, Estonia

Investor stats

  • Total investments: 9
  • Round size: Seed $500k–$63M; Series A $5M–$5.3M
  • Lead/follow: 11% lead, 89% follow
  • Last fund: May invest from a new fund soon — last raise in 1900

Portfolio highlights

  • Wert — Making purchasing of NFTs seamless and not requiring users to have crypto.
  • fxhash — fxhash is an open platform to mint and collect Generative Tokens on the Tezos blockchain
  • GET Protocol — Supercharge your tickets with NFTs and the Blockchain. Easily implement the latest technology and unlock the benefits of truly digital tickets with GET Protocol.
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Index Ventures
VC Fund · San Francisco, California, United States · 1 investments in Estonia Financial Services startups, 38 in the past 12 months

Index Ventures is an international venture capital firm with dual headquarters in San Francisco and London, investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming, infrastructure/AI, and security.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Series A, Series B, Seed
  • Geography: United States, United Kingdom, France

Investor stats

  • Total investments: 856
  • Round size: Seed $1.2M–$5.8M; Series A $3.1M–$22M; Series B $6.7M–$50M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Hyperline — Enjoy the most flexible billing platform for B2B SaaS businesses. Start today without a single line of code.
  • Matera — Matera brings together lawyers, accountants and web developers to enable co-owners to manage their own building.
  • SnapCalorie — SnapCalorie is the app where you can take a photo of ANY meal and get an accurate calorie count.
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Greycroft
VC Fund · New York, New York, United States · 1 investments in Estonia Financial Services startups, 30 in the past 12 months

Venture capital and technology investments

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Series A, Seed, Series B
  • Geography: United States, United Kingdom, Germany

Investor stats

  • Total investments: 597
  • Round size: Seed $1.5M–$7M; Series A $3M–$20M; Series B $5M–$45M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $378M in 2023

Portfolio highlights

  • JOKR — Grocery shopping is easier now with JOKR, your instant delivery app. Order your groceries and favorite products in our online supermarket and get them instantly at your door. Download the app now and make your first grocery order on us. Available in IOs and Android. Access www.jokr.com for more info
  • Vera — Vera develops an assessment platform to identify and address risks in artificial intelligence and machine learning models. It engages key stakeholders across teams to create data-driven assessments and use data science tools to investigate AI and ML models, helping organizations navigate through uncertainty and protecting companies and individualsfrom risky artificial intelligence systems.
  • Nextdata — Nextdata offers an operating system for decentralized data at scale on an AI platform.
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Element Ventures
VC Fund · London, England, United Kingdom · 1 investments in Estonia Financial Services startups

Investors in tomorrow's financial technology. Element partners with European fintech firms targeting the biggest markets in financial services utilising technology to deliver competitive advantage.

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Investment focus

  • Industry: FinTech, Financial Services, Payments
  • Stage:Series A, Seed, Series B
  • Geography: United Kingdom, Germany, Sweden

Investor stats

  • Total investments: 13
  • Round size: Seed $5M–$6.4M; Series A $4.3M–$15M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Januar — Innovative EU crypto companies use Januar's payment account solutions to accept payments & send payout's while maintaining full compliance & stable business operations.
  • getmomo — getmomo is a vertical payment platform for real estate. Guaranteeing on-time rent for landlords & offering tenants a zero-deposit solution
  • Token.io — The broadest coverage for open banking in Europe. Accept A2A payments. Add open payments to your platform. Access user permissioned financial data data.
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Siena Capital
VC Fund · 1 investments in Estonia Financial Services startups

Siena is a VC firm mainly investing in startups in Estonia and California

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Investment focus

  • Industry: CAD, Banking, FinTech
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Estonia, Latvia

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — raised $54M in 2021

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
  • Tuum — Our cloud-native API-first core banking platform enables any business to rapidly offer seamless, tailored financial services to their customers.
  • Teamscope — Understand what drives your team's performance, make exceptional hiring decisions, and unlock the full potential of your team.
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Parachain Ventures
VC Fund · 1 investments in Estonia Financial Services startups

Parachain Ventures is the investment branch of CryptoRank.io, a popular and well-respected analytics platform.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: Estonia, Gibraltar, Hong Kong

Investor stats

  • Total investments: 16
  • Round size: Seed $1.5M–$12M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • IQ Labs — IQ Marketplace offers unique NFTs with exclusive utilities, boosting your in-game experience. With flexible renting parameters and multiple payment options, rent without collateral and unlock the full utility of NFTs. Say goodbye to gas fees with our gasless renting feature and multiply the value of NFT collections with our multi-utility renting. Explore now
  • The Unfettered — The Unfettered is a blockchain PC game.
  • Hubble Protocol — Hubble is a decentralized financial protocol that allows for long-term borrowing, lending, and structured products.
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Constructive Venture Fund
VC Fund · Zürich, Zurich, Switzerland · 1 investments in Estonia Financial Services startups

Swiss Immo Lab builds an ecosystem for innovation in real estate. Established by strategic partners from the construction & real estate industry who invest in seed & early-stage startups from proptech, contech and fintech

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Investment focus

  • Industry: Real Estate, SaaS, Analytics
  • Stage:Series A, Series B, Seed
  • Geography: Switzerland, France, Sweden

Investor stats

  • Total investments: 11
  • Round size: Series A $3.4M–$11M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Minut — Minut keeps your home safe and your neighbors happy while respecting your guests' privacy. Monitor noise and occupancy, secure your home, and enhance guest experience. Only Minut gives you the full insight you need to protect your homes, all in one single sensor.
  • Smino — Smino is a cloud platform for the construction industry that provides all the necessary tools for workflows and successful collaboration.
  • Veesion — Real-time gesture recognition algorithm to automatically detect shoplifting behaviors.
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Practica Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 1 investments in Estonia Financial Services startups

Practica Capital

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Investment focus

  • Industry: Information Technology, Software, B2B
  • Stage:Seed, Series A
  • Geography: Lithuania, United Kingdom, United States

Investor stats

  • Total investments: 82
  • Round size: Seed $170k–$1.7M; Series A $2.1M–$23M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Favro — The #1 app making collaborative planning working at scale between teams for SaaS & Live Games companies. Agile team collaboration, smoother than ever.
  • AMLYZE — AMLYZE Risk Assessment Module is an automated customer AML/CFT Risk Assessment and Management feature for financial companies.
  • Atrandi Biosciences — Achieve your discoveries easier using high-throughput screening and droplet microfluidics. Create your own custom workflows for any R&D or academic applications.
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VR Ventures
VC Fund · Berlin, Berlin, Germany · 1 investments in Estonia Financial Services startups

VR Ventures supports leading-edge startups in the financial services and real estate sector. VR Ventures supports companies with shared access to their network, deep pool of expertise, and market knowledge. VR Ventures is headquartered in Berlin, Germany.

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Investment focus

  • Industry: FinTech, Software, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany, Estonia, Switzerland

Investor stats

  • Total investments: 14
  • Round size: Seed $3M–$5.5M; Series A $4.3M–$10M
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • nuwo — Workplace as-a-Service. nuwo is the #1 platform 
for financing, equipping 
and managing hybrid 
workspaces
  • Empion — EMPiON – The Robo Advisor for Cultural FitEmpion is a data-based job platform that matches companies and applicants based on company culture, values and skills. Using an AI-based Robo Advisor, Empion quantifies company culture and implements automated headhunting.Every second employee is currently thinking about a job change. The 5 mostimportant factors for job satisfaction have to do with company culture and values. And yet, company culture remains largely ignored on customary job portals. The results for companies and applicants are inefficient hiring processes and high employee turnover.Our vision is bringing company culture to every hire in the world.For more information visit www.empion.de
  • ContractHero — ContractHero is a leading digital contract management solution for business customers. The smart and easy-to-use software provides an overview of all current contracts, quickly identifies unnecessary costs and reduces risks from missed contract deadlines. As a result, companies have full control over their contracts and avoid missed deadlines andunnecessary costs.
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UOB Venture
VC Fund · Singapore, Central Region, Singapore · 1 investments in Estonia Financial Services startups, 17 in the past 12 months

UOB Venture, an investment firm, finances privately-held companies through direct equity investment, mainly in Southeast Asia and China.

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Investment focus

  • Industry: FinTech, Financial Services, Manufacturing
  • Stage:Series B, Series C, Series A
  • Geography: United States, Singapore, China

Investor stats

  • Total investments: 80
  • Round size: Series A $2.4M–$40M; Series B $10M–$65M; Series C $20M–$600M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Elsa — Improve your English speaking skills. Pronounce English like an American through real-world conversations.
  • 0xPass — Frictionless auth and login for your dapp
  • Solv Protocol — Decentralized Liquidity Infrastructure
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Intel Capital
VC Fund · Santa Clara, California, United States · 1 investments in Estonia Financial Services startups, 23 in the past 12 months

Intel Capital is uniquely positioned to help build the companies of tomorrow. Our investment team is backed with deep domain knowledge and the resources of Intel to assist companies in their paths to success.

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Investment focus

  • Industry: Software, Information Technology, Enterprise Software
  • Stage:Series B, Series A, Series C
  • Geography: United States, China, Israel

Investor stats

  • Total investments: 821
  • Round size: Series A $3.5M–$20M; Series B $6M–$35M; Series C $6M–$67M
  • Lead/follow: 34% lead, 66% follow

Portfolio highlights

  • SiPhox Health — SiPhox offers a handheld testing device with RNA/DNA and protein testing for point-of-care and At-Home solutions. The company's kit is made by multiplexing RNA, antibody, and antigen tests on a single silicon photonic chip which is amplified by plasmon resonance and silicon photonic resonator readout, enabling users to undertake tests fordisease safely and in a disposable point-of-care and at-home manner.SiPhox was founded in 2020 and is based in Cambridge, Massachusetts, USA.
  • MerQube — MerQube is a cloud native indexing platform designed for designing, calculating, and disseminating financial indices at scale. In the growing space of passive (index-linked) indexing, MerQube provides robust financial indices in the areas of equities, futures and options and ESG and has the expertise that spans market-capitalization weightedindices to risk-premia, volatility, thematics, and ESG.
  • wooptix — Wooptix is a developer of light field and wavefront phase imaging platform designed to acquire all information about the light using
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Financial Services VC funding in Estonia at a glance

Stats across 64 deals from 134 investors.

134
investors
in Estonia Financial Services startups
64
deals
in Estonia Financial Services startups
$1.3M
median round
in Estonia Financial Services startups
21%
lead investors
lead at least one round
42%
Seed
most common funding stage

Access all 134 VC funds in Estonia Financial Services startups.

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