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Top 20 Health Care VC (Venture Capital) Funds in Estonia in October 2023

A list of 20 VC (Venture Capital) funds that invest in Health care startups based in Estonia. We rank investors based on the number of investments they made in Health care companies from Estonia. We update this investor list every month.

Top 20 Health Care VC (Venture Capital) Funds in Estonia in October 2023

Investor Health Care Estonia investments
Verge HealthTech Fund 4
Specialist VC 2
Silberauto 2
Excellent Business Solutions 2
Norrsken VC 2
SMOK Ventures 2
Lemonade Stand 2
Tera Ventures 1
Crosslight Partners 1
Honey Badger Capital OÜ 1
European Investment Bank 1
Atlantic Labs 1
Farmak 1
Superhero Capital 1
Veedoo 1
Superangel 1
Change Ventures 1
Krokodilli Kapital 1
Think Bigger Capital 1
Sie Ventures 1

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Investor list
Verge HealthTech Fund
VC Fund · Singapore, Central Region, Singapore

We make early investments in global healthcare technology companies that address prevention, disease management and health system efficiency that are relevant to emerging Asia​They believe that innovation can happen anywhere, from the streets of Dhaka to the labs of Oxford, however without the right support network, these solutions might notscale, or find the best world-changing application. This is where they can help.

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Investment focus

  • Health Care, Medical Device, Medical
  • Seed, Pre-Seed, Funding Round
  • Singapore, Estonia, Taiwan

Portfolio highlights

  • MX Labs — Allow your user to comprehensively monitor their vital signs. Check wellbeing, prevent misdiagnosis, and motivate lifestyle changes thanks to Shen.AI.
  • Saludtools — Saludtools is a digital platform that improves access, quality and reliability of medical services for thousands of patients in Latin America. Our innovative and friendly technology breaks the barriers that prevent a better medical attention. We are about making outstanding healthcare accessible for everyone.
  • VitruvianMD — VitruvianMD combines biomedical engineering and state-of-the-art artificial intelligence (AI) to deliver affordable, high-accuracy diagnostic tools for medical laboratories, with a particular focus on servicing emerging markets.
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Specialist VC
VC Fund · Tallinn, Harjumaa, Estonia · 8 investments in the past 12 months

United Angels VC is an early stage venture capital fund based in Estonia.

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Investment focus

  • Information Technology, Software, FinTech
  • Seed, Pre-Seed, Funding Round
  • Estonia, United Kingdom, United States

Portfolio highlights

  • VOOL — VOOL is a one-stop shop for uninterrupted EV Charging. Experience chargers that are reliable, save money, and look damn good. Made in Estonia.
  • AskToSell — Companies grow revenue faster using AskToSell to automate sales for small deal sizes. Curious how? Get started with a 7-day free trial. Close Small Deals On Autopilot.
  • Vok Bikes — E-cargo bicycles perfect for last-mile deliveries and business use cases in the city. Vok Bikes develops and produces electric cargo bikes in Europe.
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Silberauto
VC Fund

Investment focus

  • Apps, Fitness, Software
  • Angel
  • Estonia

Portfolio highlights

  • YuMuuv — YuMuuv is an employee wellness platform that uses science-based formulas to capture data and keeps track of physical activity & leaderboard.
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Excellent Business Solutions
VC Fund

Estonia

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Investment focus

  • Apps, Fitness, Software
  • Angel
  • Estonia

Portfolio highlights

  • YuMuuv — YuMuuv is an employee wellness platform that uses science-based formulas to capture data and keeps track of physical activity & leaderboard.
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Norrsken VC
VC Fund · Stockholm, Stockholms Lan, Sweden · 15 investments in the past 12 months

We are a venture capital fund investigating in Start-Ups solving the worlds biggest problems while building massive businesses.

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Investment focus

  • Software, Food and Beverage, Health Care
  • Seed, Series A, Funding Round
  • Sweden, United Kingdom, Germany

Portfolio highlights

  • LanguifyAI — Languify is an AI based language learning assistant which analyses, corrects, and tracks a user's spoken and written English across all platforms. The AI assistant prompts feedback and nudges that improve conversations in real-time that enable improvisation on the spot without any delay. It also enables users to learn at their own pace throughpersonalized learning plans and games designed to minimize repetition of errors.
  • Granular Energy — Granular Energy provides solutions for managing and trading clean energy. Our tools have been developed to support the recent emergence of 24/7 time-stamped energy certificates as well as traditional "annual" certificates.
  • Material Evolution — Material Evolution uses patented geopolymer technology and proprietary algorithms to create the most sustainable materials on the planet.Material Evolution’s first product is a cement mix made from 95% waste using its algorithm technology. Its smart concrete mix is 10X stronger, 5X more durable, and reduces carbon consumption by 85%. Mostimportantly, it’s economically viable for construction companies.
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SMOK Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 8 investments in the past 12 months

Bridging Silicon Valley to CEE

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Investment focus

  • Software, SaaS, Information Technology
  • Seed, Pre-Seed, Funding Round
  • Poland, United States, Ukraine

Portfolio highlights

  • Nethica — Marketplace for truly sustainable fashion
  • Workee — Workee is a software platform that builds business for freelancers. Scale and autopilot business routing as bookings, payments, client, and work management.
  • Masthead Data — Identify and fix data errors before they impact the business. Masthead gives data teams and data users full confidence in data quality for decision-making.
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Lemonade Stand
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in the past 12 months

Lemonade Stand is a VC fund that focuses on early stage B2B investments in Baltic and East European founders no matter the HQ location. Investing €25-300K in strong teams, technology or traction.

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Investment focus

  • Software, SaaS, FinTech
  • Seed, Pre-Seed, Angel
  • Estonia, India, Poland

Portfolio highlights

  • Wowflow — Wowflow is a mobile-first collaboration and workflow for facility maintenance teams.
  • Grünfin — Grünfin is a sustainable investing platform for people who care about their impact.
  • Value.Space — Space based risk assessments & monitoring
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Tera Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 4 investments in the past 12 months

Tera Ventures is a venture capital firm based in Tallinn, Estonia and focused on exceptional founders from Baltics, Scandinavia and CEE, disrupting digital space globally. Tera builds presence and networks in the markets where our portfolio companies want to expand to - the UK, the US, and Asia. With presence in Estonia, Finland, and California,Tera Ventures is supported by a global advisory network and provides portfolio companies with access to expertise and hands-on support necessary to grow from pre-seed and seed stage to successful exit. While investing we do not take a controlling shareholding as they believe that the management of the company should be adequately motivated by its shareholding in the company.

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Investment focus

  • Software, Artificial Intelligence, E-Commerce
  • Seed, Series A, Pre-Seed
  • Estonia, United States, United Kingdom

Portfolio highlights

  • Avokaado — We automate contracts to take over your manual work. All-in-one toolbox for everyone in an organization to automate, negotiate, sign, and manage contracts. Customer contracts, employment agreements, investor agreements, and others are all fully automated.
  • AI Clearing — Full digital field construction progress tracking. To decrease re-work cost. To mitigate litigation risk. 100% databased.
  • Miros — Elevate the experience with Wordless Search for ecommerce. Mirror your shoppers intent and surface the products they have in mind.
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Crosslight Partners
VC Fund

Crosslight Partners is a growth equity firm. The firm invests in the environment, healthcare, impact, and technology sectors across Europe.

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Investment focus

  • Biotechnology, B2B, Medical
  • Seed, Funding Round
  • Sweden, Estonia

Portfolio highlights

  • Gelatex Technologies — Gelatex is a Techstars-backed materials technology company that invented the fastest technology for producing bio-based nanofibers on a large scale. It is a platform technology that enables faster and up to 100 cheaper nanofiber production for applications like 3D scaffolds for tissue engineering, cultured meat, bio-based filters, eco-friendlyleather-like textile, energy storage, wound care, and many more. The technology is patent-pending and the machinery fully functional. The company was founded in 2016 and until COVID-19 pandemic developed eco-friendly leather-like textile from gelatin nanofibers, using this nanofiber production technology as part of the process. COVID-19 was a trigger to understand the wider potential of the technology which then led to pivot.The company is based in Estonia and holding incorporated in UK (2019).
  • Sigrid Therapeutics — Safe Solution For Normalizing Blood Sugar Levels
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Honey Badger Capital OÜ
VC Fund · Tallinn, Harjumaa, Estonia · 1 investment in the past 12 months

We invest between 50k€ – 150k€ to start-ups along with access to our extensive network and know-how. We work together with an extended group of Pipedrive Angels who have the option to also join the investments we make which can bring the total amount invested up.

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Investment focus

  • FinTech, GreenTech, Health Care
  • Seed
  • Estonia

Portfolio highlights

  • Grünfin — Grünfin is a sustainable investing platform for people who care about their impact.
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European Investment Bank
VC Fund · Luxembourg, Luxembourg, Luxembourg · 56 investments in the past 12 months

European Investment Bank (EIB) provides lending, borrowing, and treasury services primarily in the European Union.The company offers project loans for the public and private sectors; loans to banks and other intermediaries; structured finance products; guarantees and securitization instruments for senior and subordinated debts; project bonds;equity and fund investment products such as infrastructure equity and debt funds, and environmental funds; and venture capital funds and security packages for funds.The company also offers microfinance; risk sharing finance for research, development, and innovation projects; finance and technical expertise for sustainable energy projects; infrastructure project advisory services; support for urban development projects; guarantees for transport infrastructure; and funding for public-private partnerships and small- and medium-sized enterprises.EIB serves the transportation, global loans, energy, industry, health, education, water, sewerage, infrastructure, services, telecommunications, agriculture, and fisheries sectors.European Investment Bank was founded in 1958 and is based in Luxembourg.

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Investment focus

  • Biotechnology, Health Care, Software
  • Debt Financing, Post-IPO Debt, Funding Round
  • France, Germany, Ireland

Portfolio highlights

  • Valmet — Valmet is the leading global developer and supplier of technologies, automation and services for the pulp, paper and energy industries.
  • CTP — CTP NV is a real estate company that owns and develops industrial and logistics parks.
  • Cofina Ivory — Cofina Ivory is a savings and credit institution that operates in the sector of mesofinance.
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Atlantic Labs
VC Fund · Berlin, Berlin, Germany · 12 investments in the past 12 months

Atlantic Labs supports and invests in mission-driven founders working on transformative technology ventures.&nbsp;<br><br>We partner with founders early, providing the capital, tools and network necessary to growing their companies and accompanying them on their entrepreneurial journey. We are currently active in areas including Digital Health, Future of Work, Machine Learning, Decentralized Networks, Mobility and Industrial Applications.

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Investment focus

  • Health Care, Software, Information Technology
  • Seed, Series A, Pre-Seed
  • Germany, Switzerland, United States

Portfolio highlights

  • SureIn — small business insurance manager
  • Colonia — Colonia is a logistics company that brings all global trucks and trailers into one shared fleet.
  • Purpose Green — Purpose Green operates as a climatetech company.
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Farmak
VC Fund · Kyiv, Kyyiv, Ukraine · 1 investment in the past 12 months

Farmak is a Ukraine-based pharmaceutical company that creates and manufactures medical drugs. Since 2010, Farmak is the leader of the pharmaceutical market of Ukraine and the largest exporter of medicines. The company has 20 production lines that meet GMP requirements. Since 2015, JSC "Farmak" has its own complex for the manufacture ofsubstances (Department of Production of API) in Shostka, the planned capacity of which is 100 tons of substances per year.

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Investment focus

  • Health Care, Medical, Mobile
  • Funding Round, Seed, Pre-Seed
  • Ukraine, Estonia, United States

Portfolio highlights

  • Altris.AI — AI for Ophthalmology & Optometry is the future of eye care. It will set high diagnostic standards for the industry and bring better patient outcome as a result. Together we will solve the preventable blindness problem.
  • DrugCards — Local literature screening will be under control with DrugCard. It's: continuous, regular, transparent, multi-language, and cost-effective.
  • ComeBack Mobility — Smart Crutch Tips & Mobile apps is a dynamic tool to instruct correct weight-bearing and monitor patient compliance throughout the entire rehabilitation period
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Superhero Capital
VC Fund · Helsinki, Southern Finland, Finland · 8 investments in the past 12 months

Early-stage VC searching for the next Superheroes.

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Investment focus

  • Software, Information Technology, Internet
  • Seed, Pre-Seed, Series A
  • Finland, Estonia, Lithuania

Portfolio highlights

  • Phaver — Welcome to the biggest mobile app on Lens Protocol. Access all that Web3 Social has to offer through one easy-to-use app. Engage with your favourite creators, connect your NFT's, earn rewards and more
  • Videobot — Grow your business with personalised video funnels that engage your audience with human interaction, capture leads, guide your users, enhance customer satisfaction and increase conversion rate.Short videos have already become dominant across social media platforms. Now, this beloved user experience is available on company websites as well. The applications are vast and varied. Discover how it all works by reserving your own presentation slot.
  • Doublepoint — Solving Next-Generation Interactions. Doublepoint provides future computing platforms more intuitive, robust and versatile interactions.
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Veedoo
VC Fund

Develop high-end apps, software and websites that have a positive impact on society.

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Investment focus

  • Events, Sports, Fitness
  • Seed
  • Estonia

Portfolio highlights

  • Everyrun — Everyrun is a modern and flexible parkrun alternative. Find and join unique races, fun runs and running events or earn money hosting your own. Run anywhere and any day that works for you and your community.
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Superangel
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in the past 12 months

Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io

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Investment focus

  • Artificial Intelligence, Software, FinTech
  • Seed, Pre-Seed, Series A
  • Estonia, United States, Finland

Portfolio highlights

  • Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
  • Koos — KOOS is a simple legal and technological solution for motivating and rewarding your community. Boost your growth by sharing success.
  • Doublepoint — Solving Next-Generation Interactions. Doublepoint provides future computing platforms more intuitive, robust and versatile interactions.
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 7 investments in the past 12 months

We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.

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Investment focus

  • Software, Information Technology, Apps
  • Seed, Pre-Seed, Series A
  • Estonia, Lithuania, United States

Portfolio highlights

  • Algori — Improving FMCG growth with the fastest and most granular insights from 45,000 shoppers in Spain
  • Aerones — Robotic wind turbine service company offering maintenance, inspection and repairs worldwide. Reduce downtime and improve the efficiency of your wind park
  • Trace.Space — Engineers develop complex products 10x faster with Trace.Space. Requirements management for the next generation
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Krokodilli Kapital
VC Fund · Tallinn, Harjumaa, Estonia · 1 investment in the past 12 months

Krokodilli Kapital provides invest in ventures that develop technologies and services.

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Investment focus

  • Medical, Hospital, Health Care
  • Pre-Seed
  • Estonia

Portfolio highlights

  • Salu — Salu is the best alternative to a family doctor.
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Think Bigger Capital
VC Fund

Think Bigger Capital is a venture capital fund manager focused on Pre-Seed and Seed stages.

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Investment focus

  • Pharmaceutical
  • Pre-Seed
  • Estonia

Portfolio highlights

  • DrugCards — Local literature screening will be under control with DrugCard. It's: continuous, regular, transparent, multi-language, and cost-effective.
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Sie Ventures
VC Fund · 1 investment in the past 12 months

Investment focus

  • CRM, SaaS, Mobile
  • Seed, Series B
  • Spain, Estonia, United Kingdom

Portfolio highlights

  • Grünfin — Grünfin is a sustainable investing platform for people who care about their impact.
  • Your Juno — Join the Your Juno community and take control of your financial wellness. Download our free app and start planning for financial success today.
  • ForceManager — ForceManager is the CRM chosen by sales teams on the move to accelerate their activity and sell more. Try it free from your PC or mobile device.
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