# Top 50 Gaming 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 |
| Kaarel Kotkas | 2 | Estonia, United Kingdom | Seed, Series A, Angel | Gaming, Software, 3D Technology |
| Sebastien Borget | 2 | United States, France, The Netherlands | Seed, Series A, Pre-Seed | Blockchain, Cryptocurrency, Gaming |
| Andrus Purde | 2 | Estonia, United Kingdom, Cyprus | Seed, Pre-Seed | Software, Public Transportation, Internet |
| Joachim Hedenius | 2 | Sweden, Estonia, Germany | Seed, Pre-Seed, Series A | Gaming, Augmented Reality, Virtual Reality |
| Spring Capital | 2 | Estonia, Finland, United Kingdom | Seed, Pre-Seed, Series A | Software, E-Commerce, SaaS |
| Specialist VC | 2 | Estonia, United Kingdom, United States | Seed, Pre-Seed | Information Technology, Software, FinTech |
| Timo Rein | 1 | Estonia, Finland, United Kingdom | Seed, Angel, Convertible Note | Software, Artificial Intelligence, Human Resources |
| Stefano Corazza | 1 | Estonia, United States | Series A, Series B | Gaming, Social Media, 3D Technology |
| Shima Capital | 1 | United States, United Kingdom, Singapore | Seed, Pre-Seed | Blockchain, Cryptocurrency, Gaming |
| Diamond Atlas Capital Limited | 1 | Estonia | Seed | Gaming, Blockchain, Cryptocurrency |
| Riccardo Zacconi | 1 | United States, Estonia, United Kingdom | Series A, Seed, Series B | Gaming, Mobile, Online Games |
| TMT Investments | 1 | United States, United Kingdom, Estonia | Seed, Series A | Software, SaaS, Social Media |
| NordicNinja VC | 1 | Finland, Sweden, Estonia | Series A, Series B, Series C | Information Technology, Software, Transportation |
| Tiny VC | 1 | United Kingdom, Germany, United States | Seed, Pre-Seed, Series A | Software, SaaS, Artificial Intelligence |
| RubyLight | 1 | Estonia, Germany, United Kingdom | Seed, Series A | Apps, Mobile, Local |
| Marvin Liao | 1 | United States, France, Latvia | Pre-Seed, Seed, Series A | Software, Artificial Intelligence, Information Technology |
| Token Ventures | 1 | Estonia, France, Switzerland | Seed, Pre-Seed | Blockchain, Cryptocurrency, Gaming |
| CharlieGaming CZ | 1 | Estonia | Seed | Gaming, Blockchain, Cryptocurrency |
| Gmoney eth | 1 | Estonia, United Kingdom | Pre-Seed, Series A | Apps, Gaming, Messaging |
| AU21 Capital | 1 | Singapore, United States, United Kingdom | Seed, Initial Coin Offering | Blockchain, Cryptocurrency, Financial Services |
| Contriber Ventures | 1 | Estonia, Finland, Germany | Seed, Angel, Series A | Software, Apps, 3D Technology |
| Otis Capital | 1 | Estonia, Singapore | Seed | Gaming, Blockchain, Mobile Apps |
| OIG Ventures | 1 | Estonia, Singapore, Seychelles | Seed, Series A, Initial Coin Offering | Blockchain, Gaming, Cryptocurrency |
| Ergo Sooru | 1 | Estonia | Angel | Apps, Gaming, Mobile |
| Raivo Kütt | 1 | Estonia | Angel | Apps, Gaming, Mobile |
| Anand Agarawala | 1 | United States, Canada, Estonia | Seed, Pre-Seed, Series A | Health Care, Mobile, SaaS |
| Brian Corrigan | 1 | United States, Estonia, South Africa | Series A, Seed, Angel | Gaming, Internet, SaaS |
| Forward Venture Capital | 1 | United States, Sweden, Denmark | Seed, Pre-Seed, Series A | Software, Financial Services, E-Commerce |
| Lotus Capital | 1 | Egypt, Norway, Estonia | Seed | Gaming, Blockchain, Mobile Apps |
| Tom Preston-Werner | 1 | United States, Germany, United Kingdom | Seed, Series A, Pre-Seed | Software, Information Technology, Developer Tools |
| DEPO Ventures | 1 | Czech Republic, United States, Estonia | Pre-Seed, Seed, Series A | Software, Artificial Intelligence, Machine Learning |
| BullPerks | 1 | Estonia, Lithuania, Seychelles | Seed, Initial Coin Offering | Gaming, Cryptocurrency, Blockchain |
| Aare Järvan | 1 | Estonia | Angel | Apps, Gaming, Mobile |
| Kristian Segerstrale | 1 | United States, Finland, India | Seed, Series A, Angel | Gaming, Online Games, PC Games |
| Panda Capital | 1 | China, United States, Malta | Seed, Series A, Angel | Blockchain, Artificial Intelligence, Robotics |
| Hubert Thieblot | 1 | United States, Denmark, Estonia | Seed, Series A | Gaming, Video Games, Mobile |
| Konvoy | 1 | United States, Canada, Sweden | Seed, Series A, Series B | Gaming, Video Games, Software |
| Gautam Shah | 1 | United States, Estonia | Series B, Series C, Seed | Cryptocurrency, Blockchain, Video Games |
| FunFair Ventures | 1 | Peru, Estonia, Isle of Man | Seed | FinTech, Financial Services, Gaming |
| Mikko Silventola | 1 | Estonia, United States, Finland | Seed, Pre-Seed, Angel | E-Commerce, Transportation, Apps |
| Poolz | 1 | Singapore, Spain, Estonia | Seed, Pre-Seed | Cryptocurrency, Blockchain, Gaming |
| Thomas Berman | 1 | United States, Estonia | Series C, Seed, Series D | SaaS, Energy, Consumer |
| Concentric | 1 | United Kingdom, United States, Norway | Seed, Series A, Series B | Financial Services, Software, E-Commerce |
| International Finance Corporation | 1 | India, Brazil, United States | Debt Financing, Series B | Financial Services, FinTech, Finance |
| Samsung NEXT | 1 | United States, Israel, Canada | Series A, Seed, Series B | Software, Blockchain, Information Technology |
| Trind Ventures | 1 | Estonia, Finland, Latvia | Seed, Series A | Software, Information Technology, Analytics |
| Bonnier Ventures | 1 | Sweden, Finland, Germany | Seed, Series A | Health Care, Digital Media, Software |
| Jaan Tallinn | 1 | United States, Estonia, United Kingdom | Seed, Series A | Software, Artificial Intelligence, Internet |
| Master Ventures | 1 | United States, Singapore, Hong Kong | Seed, Initial Coin Offering | Blockchain, Gaming, Information Technology |

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