# Top 50 Internet Startup Investors in Estonia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Icebreaker.vc | 11 | Finland, Estonia, Sweden | Pre-Seed, Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Jaan Tallinn | 3 | United States, Estonia, United Kingdom | Seed, Series A | Software, Artificial Intelligence, Internet |
| Creandum | 3 | Sweden, Germany, United States | Series A, Seed, Series B | Software, Information Technology, Mobile |
| Lemonade Stand | 3 | Estonia, India, Poland | Seed, Pre-Seed, Angel | Software, SaaS, FinTech |
| Global Founders Capital | 2 | United States, Germany, United Kingdom | Seed, Series A, Pre-Seed | Financial Services, Software, FinTech |
| Sten Tamkivi | 2 | Estonia, United States, United Kingdom | Seed, Pre-Seed, Series A | Software, Financial Services, Artificial Intelligence |
| Parallax Ventures | 2 | Brazil, Estonia, United States | Seed, Series A, Series B | FinTech, Financial Services, Bitcoin |
| Superangel | 2 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, FinTech |
| Tera Ventures | 2 | Estonia, United States, United Kingdom | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, E-Commerce |
| Andrus Purde | 2 | Estonia, United Kingdom, Cyprus | Seed, Pre-Seed | Software, Public Transportation, Internet |
| Ambient Sound Investments | 2 | Estonia, United States, United Kingdom | Seed, Series A | Internet, Software, E-Commerce |
| Priit Kasesalu | 2 | Estonia | Seed | iOS, Apps, Email |
| Kristjan Vilosius | 2 | Estonia, South Africa, United States | Seed, Angel, Pre-Seed | Software, Information Technology, E-Commerce |
| TMT Investments | 2 | United States, United Kingdom, Estonia | Seed, Series A | Software, SaaS, Social Media |
| John Tsioris | 1 | Greece, Estonia | Seed, Pre-Seed, Series A | Travel, Internet, Blockchain |
| ZAKA VC | 1 | Germany, United Kingdom, Austria | Seed, Pre-Seed | Software, Artificial Intelligence, Machine Learning |
| Apostolos Apostolakis | 1 | Greece, United States, United Kingdom | Seed, Series A | E-Commerce, Software, Apps |
| Nick Handel | 1 | Estonia | Seed | SaaS, Big Data, Data Integration |
| SkyVision Capital | 1 | United States, Singapore, United Kingdom | Seed, Initial Coin Offering | Blockchain, Gaming, Cryptocurrency |
| Tagus Capital | 1 | United States, Estonia | Seed, Series B | Cryptocurrency, FinTech, Blockchain |
| Akim Arhipov | 1 | Estonia, Sweden | Seed, Pre-Seed | Software, iOS, Apps |
| Ragnar Sass | 1 | Estonia, United States, United Kingdom | Pre-Seed, Seed | Software, Information Technology, SaaS |
| LocalGlobe | 1 | United Kingdom, United States, France | Seed, Series A | Software, Financial Services, E-Commerce |
| Kristjan Raude | 1 | Estonia, United States | Seed, Pre-Seed, Equity Crowdfunding | Consumer Electronics, Internet of Things, Software |
| Nomad Capital | 1 | Canada, Estonia, United States | Seed | Software, Art, Marketplace |
| Redstone | 1 | Germany, Switzerland, Finland | Series A, Seed | Software, FinTech, E-Commerce |
| Techstars Ventures | 1 | United States, United Kingdom, Canada | Seed, Series A, Pre-Seed | Software, SaaS, Information Technology |
| Chris Schagen | 1 | Germany, United States, France | Seed, Pre-Seed, Series A | Software, Information Technology, SaaS |
| Intel Capital | 1 | United States, China, Israel | Series B, Series A, Series C | Software, Information Technology, Enterprise Software |
| Markus Villig | 1 | Estonia, Poland, Ukraine | Seed, Angel | E-Commerce, FinTech, Financial Services |
| Matt Clifford | 1 | United Kingdom, India, United States | Seed, Pre-Seed | Software, FinTech, SaaS |
| UNIQA Ventures | 1 | Austria, Germany, United Kingdom | Series A, Seed, Series B | Insurance, Health Care, FinTech |
| LAUNCHub Ventures | 1 | Bulgaria, United Kingdom, United States | Seed, Series A | Software, SaaS, Enterprise Software |
| Cryptomeria Capital | 1 | Estonia, Canada, United States | Seed | Blockchain, FinTech, Cryptocurrency |
| Element Ventures | 1 | United Kingdom, Germany, Sweden | Series A, Seed, Series B | FinTech, Financial Services, Payments |
| Tomas Slimas | 1 | Estonia, United Kingdom | Seed | Cooking, Internet, Software |
| Peter Sandberg | 1 | Denmark, Kenya, Estonia | Angel, Pre-Seed, Secondary Market | Internet, Artificial Intelligence, FinTech |
| Truffle Capital | 1 | France, United States, Belgium | Series A, Series B | Biotechnology, Financial Services, Health Care |
| Plural VC | 1 | Estonia | Seed | FinTech, Internet, Payments |
| Jdac | 1 | Estonia | Seed | FinTech, Internet, Payments |
| Digital Horizon | 1 | United States, United Kingdom, Israel | Series A, Seed, Series B | Financial Services, Software, FinTech |
| Greycroft | 1 | United States, United Kingdom, Germany | Series A, Seed, Series B | Software, E-Commerce, Internet |
| Tiny VC | 1 | United Kingdom, Germany, United States | Seed, Pre-Seed, Series A | Software, SaaS, Artificial Intelligence |
| Hive Hatch | 1 | United States, Mexico, Estonia | Pre-Seed, Seed, Series B | Software, E-Commerce, Marketing |
| Acton Capital | 1 | Germany, Canada, United Kingdom | Series A, Series B | E-Commerce, Internet, Software |
| Everywhere Ventures (The Fund) | 1 | United States, United Kingdom, India | Seed, Pre-Seed, Series B | Software, Health Care, FinTech |
| Project A Ventures | 1 | Germany, United Kingdom, United States | Seed, Series A, Series B | Software, E-Commerce, Information Technology |
| Taavet Hinrikus | 1 | United Kingdom, United States, Estonia | Seed, Series A, Series B | FinTech, Financial Services, Software |
| Kaarel Kotkas | 1 | Estonia, United Kingdom | Seed, Series A, Angel | Gaming, Software, 3D Technology |
| Change Ventures | 1 | Estonia, Lithuania, United States | Seed, Pre-Seed, Series A | Software, Information Technology, Apps |

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