# Top 35 Health Care Startup Investors in Estonia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Verge HealthTech Fund | 4 | Singapore, Estonia, Taiwan | Seed, Pre-Seed | Health Care, Medical Device, Medical |
| Martin Tajur | 4 | Estonia, Poland, Ukraine | Pre-Seed, Seed, Angel | Software, SaaS, Recruiting |
| Veljo Toodo | 3 | Estonia | Angel, Pre-Seed | Apps, Fitness, Software |
| Ragnar Sass | 2 | Estonia, United States, United Kingdom | Pre-Seed, Seed | Software, Information Technology, SaaS |
| Janno Oja | 2 | Estonia | Angel, Pre-Seed | Apps, Fitness, Software |
| Excellent Business Solutions | 2 | Estonia | Angel | Apps, Fitness, Software |
| Specialist VC | 2 | Estonia, United Kingdom, United States | Seed, Pre-Seed | Information Technology, Software, FinTech |
| Norrsken VC | 2 | Sweden, United Kingdom, Germany | Seed, Series A | Software, Food and Beverage, Health Care |
| Lemonade Stand | 2 | Estonia, India, Poland | Seed, Pre-Seed, Angel | Software, SaaS, FinTech |
| Silberauto | 2 | Estonia | Angel | Apps, Fitness, Software |
| Timo Rein | 2 | Estonia, Finland, United Kingdom | Seed, Angel, Convertible Note | Software, Artificial Intelligence, Human Resources |
| Toomas Kont | 2 | Estonia | Angel, Pre-Seed | Apps, Fitness, Software |
| SMOK Ventures | 2 | Poland, United States, Ukraine | Seed, Pre-Seed | Software, SaaS, Information Technology |
| Martin Villig | 2 | Estonia, Spain, South Africa | Seed, Angel, Pre-Seed | Software, Information Technology, Education |
| Sie Ventures | 1 | Spain, Estonia, United Kingdom | Seed, Series B | CRM, SaaS, Mobile |
| Aaron Patzer | 1 | United States, Estonia, New Zealand | Seed, Pre-Seed, Series A | Software, Health Care, SaaS |
| Superhero Capital | 1 | Finland, Estonia, Lithuania | Seed, Pre-Seed, Series A | Software, Information Technology, Internet |
| Tera Ventures | 1 | Estonia, United States, United Kingdom | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, E-Commerce |
| Triin Hertmann | 1 | Estonia | Seed, Pre-Seed | FinTech, Software, E-Commerce |
| Peep Vain | 1 | Estonia | Seed, Angel | Software, Genetics, Recruiting |
| European Investment Bank | 1 | France, Germany, Ireland | Debt Financing, Post-IPO Debt | Biotechnology, Health Care, Software |
| Henry Joseph-Grant | 1 | Estonia, United States | Seed, Angel, Equity Crowdfunding | Information Technology, SaaS, FinTech |
| Kadri Ugand | 1 | Estonia | Seed | mHealth, Health Care, Medical Device |
| Farmak | 1 | Ukraine, Estonia, United States | Seed, Pre-Seed | Health Care, Medical, Mobile |
| Veedoo | 1 | Estonia | Seed | Events, Sports, Fitness |
| Krokodilli Kapital | 1 | Estonia | Pre-Seed | Medical, Hospital, Health Care |
| Dag Nurm | 1 | Estonia | Pre-Seed | Medical, Health Care |
| Superangel | 1 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, FinTech |
| Honey Badger Capital OÜ | 1 | Estonia | Seed | FinTech, GreenTech, Health Care |
| Alvar Lumberg | 1 | Estonia | Seed | Software, FinTech, GreenTech |
| Change Ventures | 1 | Estonia, Lithuania, United States | Seed, Pre-Seed, Series A | Software, Information Technology, Apps |
| Atlantic Labs | 1 | Germany, Switzerland, United States | Seed, Series A, Pre-Seed | Health Care, Software, Information Technology |
| Think Bigger Capital | 1 | Estonia | Pre-Seed | Pharmaceutical |
| Karin Nemec | 1 | Estonia | Seed | FinTech, GreenTech, Health Care |
| Teddi Rull | 1 | Estonia | Angel | Apps, Fitness, Software |

# About Shizune
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