# Top 35 Manufacturing Startup Investors in Estonia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Thorgate Ventures | 3 | Estonia, United Kingdom, Norway | Seed, Pre-Seed | Software, SaaS, Information Technology |
| 42CAP | 2 | Germany, France, Sweden | Seed, Series A, Series B | Software, SaaS, Artificial Intelligence |
| Change Ventures | 2 | Estonia, Lithuania, United States | Seed, Pre-Seed, Series A | Software, Information Technology, Apps |
| Ambient Sound Investments | 2 | Estonia, United States, United Kingdom | Seed, Series A | Internet, Software, E-Commerce |
| Ergo Sooru | 1 | Estonia | Angel | Apps, Gaming, Mobile |
| Opus11 VC | 1 | Estonia | Seed, Pre-Seed | Battery, Electronics, Manufacturing |
| Ministry of Economic Affairs and Communications for Estonia | 1 | Estonia | Pre-Seed | CleanTech, GreenTech, Manufacturing |
| Kaamos | 1 | Estonia | Pre-Seed | CleanTech, GreenTech, Manufacturing |
| Toomas Kõuhkna | 1 | Estonia | Seed | Battery, Electronics, Manufacturing |
| Ott Kaukver | 1 | United States, Estonia, United Kingdom | Series A, Seed, Pre-Seed | Software, Financial Services, SaaS |
| Prototron | 1 | Estonia | Grant | Art, Mobile, Printing |
| Little Green Fund | 1 | Estonia | Pre-Seed | Nanotechnology |
| Specialist VC | 1 | Estonia, United Kingdom, United States | Seed, Pre-Seed | Information Technology, Software, FinTech |
| Taavi Kotka | 1 | Estonia | Pre-Seed, Seed, Angel | Electronics, Battery, FinTech |
| Superhero Capital | 1 | Finland, Estonia, Lithuania | Seed, Pre-Seed, Series A | Software, Information Technology, Internet |
| Andrius Slimas | 1 | Spain, Estonia, Australia | Seed | Information Technology, Cooking, Jewelry |
| Sten Tamkivi | 1 | Estonia, United States, United Kingdom | Seed, Pre-Seed, Series A | Software, Financial Services, Artificial Intelligence |
| Tera Ventures | 1 | Estonia, United States, United Kingdom | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, E-Commerce |
| Superangel | 1 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, FinTech |
| Elar Nellis | 1 | Latvia, Estonia, United States | Seed, Angel, Pre-Seed | Software, CAD, SaaS |
| Vestman Energia | 1 | Estonia | Seed, Pre-Seed | Water, Software, Logistics |
| EstBAN | 1 | Estonia, Latvia, Lithuania | Seed, Pre-Seed, Angel | Software, Information Technology, EdTech |
| Sergei Anikin | 1 | Estonia | Pre-Seed, Series A, Series B | SaaS, Software, Manufacturing |
| Bangladesh Angels | 1 | Bangladesh, India, Estonia | Seed, Pre-Seed, Angel | Supply Chain Management, Fashion, SaaS |
| Atomico | 1 | United States, United Kingdom, Germany | Series A, Series B, Series C | Software, Information Technology, Artificial Intelligence |
| Artis Kehris | 1 | Estonia, Latvia, Australia | Seed, Pre-Seed | Information Technology, Information Services, Legal |
| Jaan Tallinn | 1 | United States, Estonia, United Kingdom | Seed, Series A | Software, Artificial Intelligence, Internet |
| Kersti Kaljulaid | 1 | Estonia | Seed | Battery, Electronics, Manufacturing |
| Lemonade Stand | 1 | Estonia, India, Poland | Seed, Pre-Seed, Angel | Software, SaaS, FinTech |
| Justin Jenk | 1 | Estonia | Seed | Battery, Electronics, Manufacturing |
| BADideas.fund | 1 | Latvia, Estonia, Ukraine | Seed, Pre-Seed | SaaS, FinTech, Software |
| Taavi Tamkivi | 1 | Estonia, Latvia, United Kingdom | Seed, Angel, Pre-Seed | Financial Services, Software, AgTech |
| Martin Henk | 1 | Estonia, United States, United Kingdom | Pre-Seed, Seed, Angel | Software, SaaS, Information Technology |
| Crosslight Partners | 1 | Sweden, Estonia | Seed | Biotechnology, B2B, Medical |
| Raivo Kütt | 1 | Estonia | Angel | Apps, Gaming, Mobile |

# About Shizune
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- Updated daily from public funding news
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