# Top 50 Marketplace Startup Investors in Estonia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Superangel | 9 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, FinTech |
| Tera Ventures | 6 | Estonia, United States, United Kingdom | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, E-Commerce |
| Lemonade Stand | 5 | Estonia, India, Poland | Seed, Pre-Seed, Angel | Software, SaaS, FinTech |
| Change Ventures | 4 | Estonia, Lithuania, United States | Seed, Pre-Seed, Series A | Software, Information Technology, Apps |
| Specialist VC | 4 | Estonia, United Kingdom, United States | Seed, Pre-Seed | Information Technology, Software, FinTech |
| Triin Hertmann | 3 | Estonia | Seed, Pre-Seed | FinTech, Software, E-Commerce |
| Martin Sokk | 3 | Estonia | Pre-Seed, Seed | Rental, FinTech, Finance |
| 365.fintech | 2 | United Kingdom, Germany, Belgium | Seed, Pre-Seed, Series A | FinTech, Financial Services, Software |
| Expansion Capital | 2 | Latvia, Estonia | Seed, Series A | Drones, Big Data, Software |
| Ragnar Sass | 2 | Estonia, United States, United Kingdom | Pre-Seed, Seed | Software, Information Technology, SaaS |
| Markus Villig | 2 | Estonia, Poland, Ukraine | Seed, Angel | E-Commerce, FinTech, Financial Services |
| Martin Henk | 2 | Estonia, United States, United Kingdom | Pre-Seed, Seed, Angel | Software, SaaS, Information Technology |
| Metaplanet Holdings | 2 | United States, United Kingdom, Estonia | Seed, Series A, Series B | Artificial Intelligence, Software, Machine Learning |
| Ambient Sound Investments | 2 | Estonia, United States, United Kingdom | Seed, Series A | Internet, Software, E-Commerce |
| Zenith Family Office | 2 | Estonia, United States | Pre-Seed | Commercial Real Estate, SaaS, B2B |
| SeedBlink | 2 | Romania, United States, United Kingdom | Seed, Pre-Seed, Series A | Software, Information Technology, SaaS |
| Thorgate Ventures | 2 | Estonia, United Kingdom, Norway | Seed, Pre-Seed | Software, SaaS, Information Technology |
| Icebreaker.vc | 2 | Finland, Estonia, Sweden | Pre-Seed, Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Tolaram Group | 2 | India, Brazil, Estonia | Seed, Corporate Round, Equity Crowdfunding | Financial Services, FinTech, Credit |
| ff Venture Capital | 2 | United States, Canada, Poland | Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Angel Effect | 2 | Turkey, United States, United Kingdom | Seed, Pre-Seed | Software, E-Commerce, Mobile |
| Contrarian Ventures | 2 | Lithuania, United Kingdom, Estonia | Seed, Series A, Pre-Seed | Software, Information Technology, Energy |
| TMT Investments | 2 | United States, United Kingdom, Estonia | Seed, Series A | Software, SaaS, Social Media |
| Kristjan Vilosius | 2 | Estonia, South Africa, United States | Seed, Angel, Pre-Seed | Software, Information Technology, E-Commerce |
| Intel Capital | 1 | United States, China, Israel | Series B, Series A, Series C | Software, Information Technology, Enterprise Software |
| Koray Gultekin Bahar | 1 | Turkey, United States, Estonia | Seed, Angel, Pre-Seed | Sharing Economy, Software, Audio |
| Collective Ventures | 1 | Estonia, Germany, United States | Seed, Series A, Initial Coin Offering | FinTech, Blockchain, Software |
| RubyLight | 1 | Estonia, Germany, United Kingdom | Seed, Series A | Apps, Mobile, Local |
| Uğur Şeker | 1 | Turkey, Estonia, United States | Seed | Marketing, Gaming, Big Data |
| Gravity Team | 1 | Estonia | Seed | Analytics, Blockchain, Ad Targeting |
| Erman Turan | 1 | Turkey, Estonia | Seed, Pre-Seed | CRM, Apps, Mobile |
| Barolo Investment Partners | 1 | Estonia | Seed | Rental, Customer Service, Service Industry |
| Water Ways Technologies | 1 | Estonia | Seed | Rental, Customer Service, Service Industry |
| Orange DAO | 1 | United States, Estonia, Philippines | Seed, Pre-Seed, Series A | Cryptocurrency, Blockchain, Software |
| Pinto Ventures | 1 | United Kingdom, Estonia, Germany | Pre-Seed, Seed, Angel | Financial Services, FinTech, Software |
| Crypto3 Capital | 1 | Estonia, India, Singapore | Seed, Corporate Round | Blockchain, Financial Services, Cryptocurrency |
| LD Capital | 1 | United States, Singapore, United Kingdom | Seed, Initial Coin Offering | Blockchain, Cryptocurrency, Gaming |
| Greycroft | 1 | United States, United Kingdom, Germany | Series A, Seed, Series B | Software, E-Commerce, Internet |
| Hartmann Capital | 1 | United States | Seed |  |
| Block54 | 1 | Estonia | Seed | Analytics, Blockchain, Ad Targeting |
| Truffle Capital | 1 | France, United States, Belgium | Series A, Series B | Biotechnology, Financial Services, Health Care |
| UNIQA Ventures | 1 | Austria, Germany, United Kingdom | Series A, Seed, Series B | Insurance, Health Care, FinTech |
| Master Ventures | 1 | United States, Singapore, Hong Kong | Seed, Initial Coin Offering | Blockchain, Gaming, Information Technology |
| Foundamental | 1 | United States, India, Singapore | Seed, Series A, Pre-Seed | Construction, Software, Real Estate |
| The Spartan Group | 1 | United States, Singapore, United Kingdom | Seed, Series A | Blockchain, Cryptocurrency, Financial Services |
| Carmen Alfonso Rico | 1 | United Kingdom, Sweden, Estonia | Pre-Seed, Seed | Information Technology, Software, Gaming |
| Declan Kelly | 1 | United States, United Kingdom, France | Seed, Pre-Seed, Series A | Software, FinTech, Information Technology |
| Highgoal Capital | 1 | Latvia, Estonia | Seed | Credit, Rental, Banking |
| Andreas Klinger | 1 | United States, United Kingdom, India | Seed, Series A, Pre-Seed | Software, Information Technology, Marketplace |
| Jsquare | 1 | Estonia, United States, Canada | Seed, Series A, Pre-Seed | Blockchain, Cryptocurrency, FinTech |

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