# Top 50 Hardware VC (Venture Capital) Funds 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 |
| Ambient Sound Investments | 4 | Estonia, United States, United Kingdom | Seed, Series A | Internet, Software, E-Commerce |
| Lemonade Stand | 3 | Estonia, India, Poland | Seed, Pre-Seed, Angel | Software, SaaS, FinTech |
| 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 |
| TechOne VC | 3 | Turkey, United States, Estonia | Seed, Pre-Seed | Software, SaaS, Information Technology |
| Amalfi Capital | 2 | Estonia, United States, Cayman Islands | Seed, Series A | Beauty, Hardware, Aerospace |
| Tiny VC | 2 | United Kingdom, Germany, United States | Seed, Pre-Seed, Series A | Software, SaaS, Artificial Intelligence |
| Thorgate Ventures | 2 | Estonia, United Kingdom, Norway | Seed, Pre-Seed | Software, SaaS, Information Technology |
| Expansion Capital | 2 | Latvia, Estonia | Seed, Series A | Drones, Big Data, Software |
| StartersHub | 2 | United States, Turkey, Latvia | Seed, Pre-Seed, Convertible Note | Software, Artificial Intelligence, Information Technology |
| Contrarian Ventures | 2 | Lithuania, United Kingdom, Estonia | Seed, Series A, Pre-Seed | Software, Information Technology, Energy |
| Curiosity VC | 2 | Finland, The Netherlands, Denmark | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, Information Technology |
| ZAKA VC | 2 | Germany, United Kingdom, Austria | Seed, Pre-Seed | Software, Artificial Intelligence, Machine Learning |
| TRANGELS | 2 | Turkey, United States, Estonia | Seed, Pre-Seed, Angel | Biotechnology, Energy, Manufacturing |
| EGIAD Angels | 2 | Turkey, Estonia | Seed, Angel | Software, E-Commerce, Information Technology |
| Trind Ventures | 1 | Estonia, Finland, Latvia | Seed, Series A | Software, Information Technology, Analytics |
| F+ Ventures | 1 | Turkey, Estonia, United States | Seed, Series A, Pre-Seed | Software, Transportation, Automotive |
| The Sharing Group | 1 | The Netherlands, Austria, Estonia | Seed | Environmental Consulting, SaaS, Big Data |
| Inventure | 1 | Finland, Sweden, Denmark | Seed, Series A | Software, Information Technology, Health Care |
| Samsung NEXT | 1 | United States, Israel, Canada | Series A, Seed, Series B | Software, Blockchain, Information Technology |
| Link Capital | 1 | Norway, Denmark, Estonia | Seed | Energy, Automotive, Electronics |
| Leap Investment | 1 | Turkey, United States | Seed | Analytics, E-Commerce, Digital Marketing |
| RKKVC | 1 | Poland, Estonia, Switzerland | Seed, Pre-Seed | Software, Information Technology, Machine Learning |
| Presto Ventures | 1 | Czech Republic, Georgia, Lithuania | Seed, Pre-Seed, Series A | Software, SaaS, Information Technology |
| Change Ventures | 1 | Estonia, Lithuania, United States | Seed, Pre-Seed, Series A | Software, Information Technology, Apps |
| SuperAngel.Fund | 1 | United States, United Kingdom | Seed, Pre-Seed, Series A | E-Commerce, Information Technology, Software |
| Hansa Group | 1 | Estonia | Seed | Hardware, Construction, Machine Learning |
| Lompsa | 1 | Estonia | Pre-Seed | GPS, Pet, Apps |
| Greycroft | 1 | United States, United Kingdom, Germany | Series A, Seed, Series B | Software, E-Commerce, Internet |
| Sillever OÜ | 1 | Estonia | Seed | Hardware, Construction, Machine Learning |
| Sunly | 1 | Estonia, France | Pre-Seed, Seed | Solar, CleanTech, Hardware |
| One Vision Group | 1 | Estonia | Seed | Eyewear, Fashion, E-Commerce |
| Contriber Ventures | 1 | Estonia, Finland, Germany | Seed, Angel, Series A | Software, Apps, 3D Technology |
| Johnson & Johnson Development Corporation | 1 | United States, United Kingdom, Canada | Series C, Series B, Series A | Health Care, Biotechnology, Medical |
| Maxis | 1 | Turkey | Seed, Series A | E-Commerce, Internet, SaaS |
| Lima Ventures | 1 | Turkey, Estonia, Germany | Seed, Pre-Seed | Artificial Intelligence, Software, FinTech |
| Cambridge Angels group | 1 | United Kingdom, United States, Estonia | Seed, Series A | Software, Health Care, Biotechnology |
| BADideas.fund | 1 | Latvia, Estonia, Ukraine | Seed, Pre-Seed | SaaS, FinTech, Software |
| Passion Capital | 1 | United Kingdom, United States, Estonia | Seed, Series A, Series B | Software, FinTech, Financial Services |
| Perot Jain | 1 | United States, India, Estonia | Seed, Series A, Series B | Artificial Intelligence, Software, Robotics |
| Everywhere Ventures (The Fund) | 1 | United States, United Kingdom, India | Seed, Pre-Seed, Series B | Software, Health Care, FinTech |
| Practica Capital | 1 | Lithuania, United Kingdom, United States | Seed, Series A | Information Technology, Software, B2B |
| Opus11 VC | 1 | Estonia | Seed, Pre-Seed | Battery, Electronics, Manufacturing |
| Metaplanet Holdings | 1 | United States, United Kingdom, Estonia | Seed, Series A, Series B | Artificial Intelligence, Software, Machine Learning |
| Enterprise Estonia | 1 | Estonia | Grant, Seed, Pre-Seed | Mobile Apps, CleanTech, Manufacturing |
| SpeedUp Venture Capital Group | 1 | Poland, United States, Estonia | Seed, Pre-Seed, Series A | Software, SaaS, Mobile |
| Boundary Holding | 1 | Switzerland, India, France | Seed, Series A, Series B | Drones, Robotics, Artificial Intelligence |

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