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

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Märt Kelder | 3 | Estonia, Bangladesh, The Netherlands | Seed, Angel, Pre-Seed | Public Transportation, Software, Apps |
| Andrus Purde | 2 | Estonia, United Kingdom, Cyprus | Seed, Pre-Seed | Software, Public Transportation, Internet |
| Specialist VC | 2 | Estonia, United Kingdom, United States | Seed, Pre-Seed | Information Technology, Software, FinTech |
| Crosslight Partners | 1 | Sweden, Estonia | Seed | Biotechnology, B2B, Medical |
| Superangel | 1 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, FinTech |
| Mikko Silventola | 1 | Estonia, United States, Finland | Seed, Pre-Seed, Angel | E-Commerce, Transportation, Apps |
| Veljo Otsason | 1 | Estonia, United States, United Kingdom | Seed, Angel, Pre-Seed | Film, Manufacturing, Electrical Distribution |
| Change Ventures | 1 | Estonia, Lithuania, United States | Seed, Pre-Seed, Series A | Software, Information Technology, Apps |
| RubyLight | 1 | Estonia, Germany, United Kingdom | Seed, Series A | Apps, Mobile, Local |
| International Finance Corporation | 1 | India, Brazil, United States | Debt Financing, Series B | Financial Services, FinTech, Finance |
| Forward Venture Capital | 1 | United States, Sweden, Denmark | Seed, Pre-Seed, Series A | Software, Financial Services, E-Commerce |
| Thomas Berman | 1 | United States, Estonia | Series C, Seed, Series D | SaaS, Energy, Consumer |
| TMT Investments | 1 | United States, United Kingdom, Estonia | Seed, Series A | Software, SaaS, Social Media |
| Toomas Bergmann | 1 | Estonia | Seed, Angel | Hardware, Mobile Apps, Construction |
| Martin Rand | 1 | Estonia, United Kingdom | Seed | Software, CAD, Hospitality |
| Timo Rein | 1 | Estonia, Finland, United Kingdom | Seed, Angel, Convertible Note | Software, Artificial Intelligence, Human Resources |
| Spring Capital | 1 | Estonia, Finland, United Kingdom | Seed, Pre-Seed, Series A | Software, E-Commerce, SaaS |
| Bonnier Ventures | 1 | Sweden, Finland, Germany | Seed, Series A | Health Care, Digital Media, Software |
| Concentric | 1 | United Kingdom, United States, Norway | Seed, Series A, Series B | Financial Services, Software, E-Commerce |
| DEPO Ventures | 1 | Czech Republic, United States, Estonia | Pre-Seed, Seed, Series A | Software, Artificial Intelligence, Machine Learning |

# About Shizune
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- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
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