# Top 50 Hardware Startup Investors in Estonia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Specialist VC | 6 | Estonia, United Kingdom, United States | Seed, Pre-Seed | Information Technology, Software, FinTech |
| Tera Ventures | 5 | Estonia, United States, United Kingdom | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, E-Commerce |
| Superangel | 5 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, FinTech |
| Jaan Tallinn | 5 | United States, Estonia, United Kingdom | Seed, Series A | Software, Artificial Intelligence, Internet |
| Ambient Sound Investments | 4 | Estonia, United States, United Kingdom | Seed, Series A | Internet, Software, E-Commerce |
| TechOne VC | 3 | Turkey, United States, Estonia | Seed, Pre-Seed | Software, SaaS, Information Technology |
| Spring Capital | 3 | Estonia, Finland, United Kingdom | Seed, Pre-Seed, Series A | Software, E-Commerce, SaaS |
| Decacorn Capital | 3 | United States, Israel, Singapore | Seed, Series B | Information Technology, Software, Artificial Intelligence |
| Lemonade Stand | 3 | Estonia, India, Poland | Seed, Pre-Seed, Angel | Software, SaaS, FinTech |
| Contrarian Ventures | 2 | Lithuania, United Kingdom, Estonia | Seed, Series A, Pre-Seed | Software, Information Technology, Energy |
| Yiğit Barış Şemin | 2 | Estonia | Seed, Pre-Seed | Software, Crowdsourcing, Computer Vision |
| Priit Kasesalu | 2 | Estonia | Seed | iOS, Apps, Email |
| Thorgate Ventures | 2 | Estonia, United Kingdom, Norway | Seed, Pre-Seed | Software, SaaS, Information Technology |
| EGIAD Angels | 2 | Turkey, Estonia | Seed, Angel | Software, E-Commerce, Information Technology |
| Curiosity VC | 2 | Finland, The Netherlands, Denmark | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, Information Technology |
| Amalfi Capital | 2 | Estonia, United States, Cayman Islands | Seed, Series A | Beauty, Hardware, Aerospace |
| Expansion Capital | 2 | Latvia, Estonia | Seed, Series A | Drones, Big Data, Software |
| Joachim Hedenius | 2 | Sweden, Estonia, Germany | Seed, Pre-Seed, Series A | Gaming, Augmented Reality, Virtual Reality |
| Sten Tamkivi | 2 | Estonia, United States, United Kingdom | Seed, Pre-Seed, Series A | Software, Financial Services, Artificial Intelligence |
| Ragnar Sass | 2 | Estonia, United States, United Kingdom | Pre-Seed, Seed | Software, Information Technology, SaaS |
| Sebastien Borget | 2 | United States, France, The Netherlands | Seed, Series A, Pre-Seed | Blockchain, Cryptocurrency, Gaming |
| Taavet Hinrikus | 2 | United Kingdom, United States, Estonia | Seed, Series A, Series B | FinTech, Financial Services, Software |
| TRANGELS | 2 | Turkey, United States, Estonia | Seed, Pre-Seed, Angel | Biotechnology, Energy, Manufacturing |
| ZAKA VC | 2 | Germany, United Kingdom, Austria | Seed, Pre-Seed | Software, Artificial Intelligence, Machine Learning |
| Taavi Kotka | 2 | Estonia | Pre-Seed, Seed, Angel | Electronics, Battery, FinTech |
| Aydın Mizrahi | 2 | Turkey, Estonia | Seed, Pre-Seed | Software, InsurTech, Logistics |
| Emre Kozlu | 2 | Turkey, Estonia | Seed, Pre-Seed | Software, Artificial Intelligence, InsurTech |
| Batuhan Gültakan | 2 | Estonia | Seed, Pre-Seed | Software, Crowdsourcing, Computer Vision |
| Engin Gürsöz | 2 | Estonia | Seed, Pre-Seed | Software, Crowdsourcing, Computer Vision |
| Kaarel Kotkas | 2 | Estonia, United Kingdom | Seed, Series A, Angel | Gaming, Software, 3D Technology |
| StartersHub | 2 | United States, Turkey, Latvia | Seed, Pre-Seed, Convertible Note | Software, Artificial Intelligence, Information Technology |
| Kuido Lepik | 2 | Estonia | Seed, Pre-Seed | Apps, GPS, Pet |
| Tiny VC | 2 | United Kingdom, Germany, United States | Seed, Pre-Seed, Series A | Software, SaaS, Artificial Intelligence |
| Gmoney eth | 1 | Estonia, United Kingdom | Pre-Seed, Series A | Apps, Gaming, Messaging |
| Hansa Group | 1 | Estonia | Seed | Hardware, Construction, Machine Learning |
| Ergo Sooru | 1 | Estonia | Angel | Apps, Gaming, Mobile |
| The Sharing Group | 1 | The Netherlands, Austria, Estonia | Seed | Environmental Consulting, SaaS, Big Data |
| Sillever OÜ | 1 | Estonia | Seed | Hardware, Construction, Machine Learning |
| Greycroft | 1 | United States, United Kingdom, Germany | Series A, Seed, Series B | Software, E-Commerce, Internet |
| Aare Järvan | 1 | Estonia | Angel | Apps, Gaming, Mobile |
| Johnson & Johnson Development Corporation | 1 | United States, United Kingdom, Canada | Series C, Series B, Series A | Health Care, Biotechnology, Medical |
| Everywhere Ventures (The Fund) | 1 | United States, United Kingdom, India | Seed, Pre-Seed, Series B | Software, Health Care, FinTech |
| Marvin Liao | 1 | United States, France, Latvia | Pre-Seed, Seed, Series A | Software, Artificial Intelligence, Information Technology |
| Link Capital | 1 | Norway, Denmark, Estonia | Seed | Energy, Automotive, Electronics |
| Contriber Ventures | 1 | Estonia, Finland, Germany | Seed, Angel, Series A | Software, Apps, 3D Technology |
| Domain Associates | 1 | United States, Canada, Estonia | Series B, Series C, Series A | Biotechnology, Health Care, Medical |
| Enterprise Estonia | 1 | Estonia | Grant, Seed, Pre-Seed | Mobile Apps, CleanTech, Manufacturing |
| BADideas.fund | 1 | Latvia, Estonia, Ukraine | Seed, Pre-Seed | SaaS, FinTech, Software |
| Practica Capital | 1 | Lithuania, United Kingdom, United States | Seed, Series A | Information Technology, Software, B2B |
| Kersti Kaljulaid | 1 | Estonia | Seed | Battery, Electronics, Manufacturing |

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