# Top 50 Gaming 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.

## Kaarel Kotkas
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Series A, Angel
- Focus: Gaming, Software, 3D Technology

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

## Sebastien Borget
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Blockchain, Cryptocurrency, Gaming

Sebastien Borget is the Co-founder and COO of Pixowl. Passionate for blockchain technology, gaming and education, he is a very active speaker and evangelist who spent the past 8 years focused exclusively on mobile gaming, creating successful games that were downloaded millions of times.

## 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.

## Joachim Hedenius
- Type: Angel
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Gaming, Augmented Reality, Virtual Reality

Joachim Hedenius is the VPE and Co-Founder of KRY.

## Spring Capital
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- 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.

## 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.

## 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

## Stefano Corazza
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Gaming, Social Media, 3D Technology

Currently Fellow&VP at Adobe Systems, Stefano heads Adobe's Augmented Reality effort. The mastermind behind Mixamo's advanced technology, Stefano Corazza applied his experience from the University of Padua Human Movement Lab and the Stanford University Biomotion Lab to develop the effective mathematical and machine learning solutionsthat support Mixamo.Prior to Mixamo, Corazza was a research associate at the Stanford University Biomotion Lab until 2008 where he developed markerless motion capture technology and won the Stanford-Caltech-Berkeley Innovators' Challenge in 2005. He additionally is the CTO and co-founder of dublit.com, a Web 2.0 site for short-form literature based in San Francisco; and co-founded and served on the board for Memory SRL, an enterprise software company based in Italy.A true Renaissance man active within the domain of large scale kinetic and new media art and with a past as paragliding test-pilot, Corazza holds a bachelor of science in mechanical engineering from University of Padua, a master of design from University of Florence, a Ph.D. in mechanical engineering and a Ph.D. in bioengineering and computer vision from University of Padua, part of which was completed at Stanford University.

## Shima Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Blockchain, Cryptocurrency, Gaming

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

## Diamond Atlas Capital Limited
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Gaming, Blockchain, Cryptocurrency

Diamond Atlas is dedicated to guiding the development of Web 3.0 and decentralized finance to create intrinsic, sustainable value.

## Riccardo Zacconi
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Gaming, Mobile, Online Games

Previously, Riccardo served as vice president of European Sales and Marketing at uDate.com Ltd., an online dating service, and was involved in driving market penetration and partnerships until the company was acquired by InterActive Corporation in 2002. Before that, he was managing director for Spray Network GmbH an online portal based inHamburg with a presence in Germany, France, Italy, Sweden, Denmark and Norway. In this role, Riccardo demonstrated his understanding for developing solid company strategy, intelligent plans for sustainable growth and strategic partnerships, which supported the successful sale of Spray Network to Lycos for $764 million. In addition, Riccardo has been an entrepreneur-in-residence at Benchmark Capital Partners, a Qualified Case Leader at The Boston Consulting Group, Inc. and a consultant at LEK Consulting LLP. He holds a B.A. in Economics from LUISS University, Italy. Riccardo’s favourite King game used to be Jungle Bubble. He’s currently deciding on his new favourite King game.

## 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.

## NordicNinja VC
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Information Technology, Software, Transportation

NordicNinja VC invests in startups in the Nordic-Baltic region.

## Tiny VC
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, SaaS, Artificial Intelligence

Backing great companies when they're tiny

## 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.

## Marvin Liao
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, Artificial Intelligence, Information Technology

Marvin works with awesome startups across the globe and at the SF/SV accelerator programs – that is, when he's not practicing his signature song (Backstreet Boys ``I Want it That Way`` btw) & dealing with his book buying addiction, A recovering exec from Yahoo! he's very happy to be part of the Revolution!
He invests in digitalmedia, adtech, marketing cloud, e-commerce and mobile startups across the globe. Formerly of Yahoo! Inc. (10.5 years), Marvin has worked in various departments – sales, business development, ad operations and marketing. Most of his positions have been regional or global management roles, giving him extensive experience across Asia, Europe, Latin America and the United States. He presently serves on the boards and advisory boards of several internet advertising and ad technology companies across the globe. In addition, he is a mentor for several startup accelerator programs in Europe, Israel and the US, helping guide startup teams with their sales, marketing and partner development efforts.I'm an experienced client-facing senior executive in the media and technology space in both large and start up growth companies, managing large multifunctional teams across multiple countries while based in the Silicon Valley.A longtime fan, participant, and an observer of the digital technology revolution occurring for the last 14 years across the world, i am presently on the advisory boards of several internet advertising and ad technology companies across the globe.

## Token Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Blockchain, Cryptocurrency, Gaming

We see a bright future of blockchain-based technologies.

## CharlieGaming CZ
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Gaming, Blockchain, Cryptocurrency

CharlieGaming is your guide to the world of NFT games and the Metaverse. From CryptoKitties to Axie Infinity, from Decentraland to The Sandbox - we cover and teach you about it all.

## Gmoney eth
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed, Series A
- Focus: Apps, Gaming, Messaging

Gmoney eth

## AU21 Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Initial Coin Offering
- Focus: Blockchain, Cryptocurrency, Financial Services

A fund dedicated to backing the most brilliant minds in the blockchain space

## Contriber Ventures
- Type: VC Fund
- Location: Tartu, Tartumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Angel, Series A
- Focus: Software, Apps, 3D Technology

.Cocoon | Hubs | Investments

## Otis Capital
- Type: VC Fund
- Location: Hanoi, NA - Vietnam, Vietnam
- Relevant deals: 1
- Stages: Seed
- Focus: Gaming, Blockchain, Mobile Apps

Otis Capital Fund Management Company (“OCAM”) is one of the industry leaders in the field of digital asset investment in Vietnam. Licensed by the Department of Planning and Investment of Hanoi City with the field of fund management, investment portfolio management, and investment consulting services. OCAM's vision and goal is to provide themost optimal investment solutions for investors, as well as the best investment knowledge, finance, and customer care services.

## OIG Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series A, Initial Coin Offering
- Focus: Blockchain, Gaming, Cryptocurrency

OIG Ventures is an investment firm.

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

Ergo Sooru

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

Raivo Kütt

## Anand Agarawala
- Type: Angel
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Health Care, Mobile, SaaS

Anand Agarawala is the creator of BumpTop, an irresistible new desktop interface with a satisfyingly three-dimensional physicality and a fresh approach to interactivity.Anand completed his Master thesis in 2006 which pioneered a novel physically based desktop interface leveraging expressive power and casual nature of real desks. His Masters ofComputer Science was completed at the University of Toronto. He completed his undergraduate thesis in 2004 at the University of Calgary. In his free time, Anand enjoys competitive team sports such as hockey and basketball. He often travels to India and across Europe and North America.

## Brian Corrigan
- Type: Angel
- Location: Saratoga Springs, New York, United States
- Relevant deals: 1
- Stages: Series A, Seed, Angel
- Focus: Gaming, Internet, SaaS

Brian Corrigan is the VP and Head of Americas at PUBG Corporation. He attended Clarkson University and the University at Albany, SUNY.
(This website is horribly out of date, probably best to hit my website or LinkedIn)

## 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.

## Lotus Capital
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed
- Focus: Gaming, Blockchain, Mobile Apps

Lotus Capital Investments

## Tom Preston-Werner
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, Developer Tools

Tom Preston-Werner - Cofounder @ Preston-Werner Ventures

## 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.

## BullPerks
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Initial Coin Offering
- Focus: Gaming, Cryptocurrency, Blockchain

The Ultimate and most fair platform for retail buyers to get access to private sale allocations to the most sought after crypto projects just like crypto funds do

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

Aare Järvan

## Kristian Segerstrale
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Angel
- Focus: Gaming, Online Games, PC Games

Kristian Segerstrale is the Co-founder of Initial Capital and Board member of Supercell, as well as the Co-founder and CEO of Playfish. Kristian has been at the forefront of the rapidly transforming game industry since 2001.He was a co-founder of mobile gaming pioneer Macrospace – today Glu Mobile (Nasdaq: GLUU) in 2001 through the successfulIPO in 2007. He left to co-found Playfish, the social gaming pioneer, where he served as CEO through the company’s rapid growth to 60 Million players and the subsequent acquisition by Electronic Arts for $400M in 2009. After a period as EVP Digital at Electronic Arts driving the aggressive transformation of the company from packaged goods to digital, Kristian left in March 2013 to focus on startups. Today Kristian leads seed stage investments with Initial Capital and serves on the board of Supercell, the #1 iOS game company.Kristian has previously served on the board of LOVEFiLM, the European streaming video pioneer until its acquisition by Amazon.com.

## Panda Capital
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Seed, Series A, Angel
- Focus: Blockchain, Artificial Intelligence, Robotics

Founded in 2015, Panda Capital is a new generation venture capital firm in China focused on early-stage businesses powered by innovative and disruptive technology.Panda Capital is a disciplined early-stage investor focused on companies from Angel to Series B stages and strive to become their first or the second institutional investor.We focus onfast-growing tech startups in areas including Data Driven AI Applications, Enterprise Services, Fintech, Logistics, Mobility & Transportation, and New Generation Consumer Trends.Our family of portfolio companies include: Mobike (Now as Meituan Bike), Atzuche, Mi-Me Financial, 1ziton, Intengine Technology, Xunyi (Antwork), Robot++, Aiwhale, Dr. White and Fulmz AI, etc. Panda Capital have received various awards including "2017 & 2018 China Venture Capital Firms Top 10" by Zero2IPO, “2017 China’s Best Venture Capital Firms Top 10” and “2017 China’s Best Return Venture Capital Firms Top 10” by China Venture, and “2017 China Venture Capital Firms in Sharing Economy Top 10” by 36Kr, etc.

## Hubert Thieblot
- Type: Angel
- Location: Huntsville, Alabama, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Gaming, Video Games, Mobile

Hubert Thieblot founded Curse, Inc. in 2005 and serves as its Chief Executive Officer.

## Konvoy
- Type: VC Fund
- Location: Denver, Colorado, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Gaming, Video Games, Software

Konvoy Ventures is a thesis driven venture capital firm. We invest in the platforms and technologies at the frontier of gaming.

## Gautam Shah
- Type: Angel
- Location: Los Angeles, California, United States
- Relevant deals: 1
- Stages: Series B, Series C, Seed
- Focus: Cryptocurrency, Blockchain, Video Games

Gautam Shah

## FunFair Ventures
- Type: VC Fund
- Location: Douglas, NA - Isle of Man, Isle of Man
- Relevant deals: 1
- Stages: Seed
- Focus: FinTech, Financial Services, Gaming

FunFair Ventures is a venture capital business .Funfair Ventures funds early stage blockchain projects with a focus on both equity and tokens.

## 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.

## Poolz
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Cryptocurrency, Blockchain, Gaming

Poolz is a decentralized swapping protocol offering blockchain startups the ideal package of services, including tech, investors, and influencers, to manage their listing process successfully on the Poolz D’app.

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

Thomas Berman

## 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.

## 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.

## Samsung NEXT
- Type: VC Fund
- Location: Mountain View, California, United States
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Software, Blockchain, Information Technology

Samsung NEXT Ventures is an investment arm of Samsung NEXT, a multifaceted innovation group within Samsung Electronics dedicated to identifying new growth opportunities that will define the next decade. The firm prefers to invest in artificial intelligence, fintech, blockchain, health technology, infrastructure, and media technology sectors.

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

Trind Ventures is an early stage VC fund based in Tallinn, Estonia. Investing in start-ups across Europe, from seed rounds all the way to sustainability, with a focus on ICT. Trind Ventures partners are Joel Aasmäe, Ivar Siimar, Kimmo Irpola and Taavi Lepmets.

## 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.

## Jaan Tallinn
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Artificial Intelligence, Internet

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

## Master Ventures
- Type: VC Fund
- Location: Central, Hong Kong Island, Hong Kong
- Relevant deals: 1
- Stages: Seed, Initial Coin Offering
- Focus: Blockchain, Gaming, Information Technology

Master Ventures is a blockchain focused venture studio. We combine visionary ideas, exceptional talent, and investment capital to invest and build the next generation of revolutionary blockchain businesses and products.

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