# Top 20 Food and Beverage Startup Investors in Estonia in May 2026

## Märt Kelder
- Type: Angel
- Location: Berlin, Berlin, Germany
- Relevant deals: 3
- Stages: Seed, Angel, Pre-Seed
- Focus: Public Transportation, Software, Apps

founder at Voog.

## 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.

## Specialist VC
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Information Technology, Software, FinTech

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

## Crosslight Partners
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Biotechnology, B2B, Medical

Crosslight Partners is a growth equity firm. The firm invests in the environment, healthcare, impact, and technology sectors across Europe.

## Superangel
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Artificial Intelligence, Software, FinTech

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

## Mikko Silventola
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Angel
- Focus: E-Commerce, Transportation, Apps

Mikko is an active investor, with over 50 investments globally. Besides Europe, he is also active in Southeast Asia, Middle East, and Lat Am. He is the first investor of Bolt (Estonia), an investor of Rappi (Colombia), and of Hugo (El Salvador). He has founded 3 international media companies which in total have generated over €35M in sales overjust a few years. He has helped companies with internationalization, fundraising and M&As in Asia, Europe and the Middle East.

## Veljo Otsason
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Angel, Pre-Seed
- Focus: Film, Manufacturing, Electrical Distribution

Veljo Otsason is Estonian entrepreneur and investor. In 2007 he co-founded mobile payments company Fortumo and served as its CTO. Since 2013 he has been active angel investor and early backer of Bolt (formerly Taxify), Monese, Veriff, Pipedrive & 30+ others. In 2018 he co-founded Superangel, early-stage seed fund and company builder.

## Change Ventures
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, Apps

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

## RubyLight
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Apps, Mobile, Local

RubyLight is experienced tech entrepreneurs that founded a new technology investment fund in 2010.Their passion is to help fast growing internet and mobile startups to scale and expand globally. Social media, content sharing, communications, and crowd sourcing are their favorite areas of investment.RubyLight offers startups its professionaltech team, proprietary technology, and financial funding to help young companies scale up and expand globally much faster than their competitors.

## International Finance Corporation
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 1
- Stages: Debt Financing, Series B
- Focus: Financial Services, FinTech, Finance

A strong and engaged private sector is indispensible to ending extreme poverty and boosting shared prosperity. That's where IFC comes in - we have more than 60 years experience in unlocking private investment, creating markets and opportunities where they are needed most.

## Forward Venture Capital
- Type: VC Fund
- Location: Den Haag, Zuid-Holland, The Netherlands
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Financial Services, E-Commerce

Forward Venture Capital is a Venture Capital fund that invests in early-stage companies in the US and Europe. We support early stage entrepreneurs and help them accelerate their growth.

## Thomas Berman
- Type: Angel
- Location: Winnetka, Illinois, United States
- Relevant deals: 1
- Stages: Series C, Seed, Series D
- Focus: SaaS, Energy, Consumer

Thomas Berman

## TMT Investments
- Type: VC Fund
- Location: St. Helier, NA - Jersey, Jersey
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, SaaS, Social Media

TMT Investments PLC invests in high-growth technology companies across a number of core specialist sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has invested in over 65 companies to date. The Company’s objective is to generate an attractive rate of return for shareholders,predominantly through capital appreciation. The Company is traded on the AIM market of the London Stock Exchange. www.tmtinvestments.com.

## Toomas Bergmann
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Angel
- Focus: Hardware, Mobile Apps, Construction

Toomas Bergmann

## Martin Rand
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed
- Focus: Software, CAD, Hospitality

Martin Rand is the CEO and Co-Founder of Pactum.com. Contributor to Forbes.com.

## Timo Rein
- Type: Angel
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Angel, Convertible Note
- Focus: Software, Artificial Intelligence, Human Resources

Timo Rein - Co-Founder @ Pipedrive

## Spring Capital
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, E-Commerce, SaaS

Investments in exceptional teams in the Baltics & Nordics.Our two main focuses include: 1. Startups with a technological edge. Seed stage. Our check size is from €50K up to €200K. With a vast experience in startup building, we typically get hands-on with our advice and help the founders achieve operational excellence. 2. Innovators oftraditional sectors. SMEs with a proven track and strong market position. Clear plans to accelerate the growth. Our investment ticket can be from €300K to €700K to support these aspirations. If you think we have a match, reach out through invest@springcapital.ee.

## Bonnier Ventures
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Health Care, Digital Media, Software

Bonnier Capital is the investment division of the Bonnier Group. Since 2016, we invest in promising companies in structurally growing industries and have become a reliant investment partner to companies and funds of various sizes.

## Concentric
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Financial Services, Software, E-Commerce

We partner with sector-defining founders across Europe to create new technologies that disrupt the status quo and solve the problems that matter.

## DEPO Ventures
- Type: VC Fund
- Location: Prague, Hlavni mesto Praha, Czech Republic
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, Artificial Intelligence, Machine Learning

DEPO Ventures is an angel network and VC (Grouport and DEPO Angels Fund II), which connects world of startups and investors.

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