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Top 5 Medical Device Startup Investors in Estonia (May 2026)

The most active venture capital funds and angel investors investing in Estonia Medical Device startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Estonia Medical Device startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Verge HealthTech Fund
VC Fund
4 Singapore, Estonia, Taiwan Seed, Pre-Seed Health Care, Medical Device, Medical $500k–$2.4M
Martin Tajur
Angel
2 Estonia, Poland, Ukraine Pre-Seed, Seed, Angel Software, SaaS, Recruiting $482k–$500k
SMOK Ventures
VC Fund
2 Poland, United States, Ukraine Seed, Pre-Seed Software, SaaS, Information Technology $54k–$2.1M
Ragnar Sass
Angel
2 Estonia, United States, United Kingdom Pre-Seed, Seed Software, Information Technology, SaaS $107k–$6.5M
Atlantic Labs
VC Fund
1 Germany, Switzerland, United States Seed, Series A, Pre-Seed Health Care, Software, Information Technology $850k–$27M
Access all 9 investors in Estonia Medical Device startups.

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Investor list

Verge HealthTech Fund
VC Fund · Singapore, Central Region, Singapore · 4 investments in Estonia Medical Device startups

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

  • Industry: Health Care, Medical Device, Medical
  • Stage:Seed, Pre-Seed
  • Geography: Singapore, Estonia, Taiwan

Investor stats

  • Total investments: 11
  • Round size: Seed $500k–$2.4M; Pre-Seed $500k–$1M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

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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Martin Tajur
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Medical Device startups

Martin Tajur is the co-founder of Pipedrive.

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Investment focus

  • Industry: Software, SaaS, Recruiting
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Estonia, Poland, Ukraine

Investor stats

  • Total investments: 16
  • Round size: Pre-Seed $482k–$500k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • YuMuuv — YuMuuv is an employee wellness platform that uses science-based formulas to capture data and keeps track of physical activity & leaderboard.
  • MX Labs — Allow your user to comprehensively monitor their vital signs. Check wellbeing, prevent misdiagnosis, and motivate lifestyle changes thanks to Shen.AI.
  • SegmentStream — SegmentStream is a data intelligence platform which helps collect and unify from different data sources into own data warehouse for advanced analytics and attribution. Our solution is trusted by leading brands such as Benetton, Nespresso, New Balance, myToys, Eventim Group, and others.
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SMOK Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 2 investments in Estonia Medical Device startups, 8 in the past 12 months

Bridging Silicon Valley to CEE

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Poland, United States, Ukraine

Investor stats

  • Total investments: 35
  • Round size: Seed $107k–$2.1M; Pre-Seed $54k–$536k
  • Lead/follow: 56% lead, 44% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

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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Ragnar Sass
Angel · 2 investments in Estonia Medical Device startups

Ragnar Sass has strongest skill is to find the best people and keep them rocking in speed of 200 km/h. He has organized 20+ Hack-a-thons Garage48 in Eastern Europe + West & East-Africa. He advise other founders and share experience where it could help.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Pre-Seed, Seed
  • Geography: Estonia, United States, United Kingdom

Investor stats

  • Total investments: 30
  • Round size: Seed $800k–$6.5M; Pre-Seed $107k–$500k
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Alvin — Highly accurate, automated column-level lineage, powering your data workflows.
  • BeTRITON — 100% electric recreational vehicle - revolution in sustainable travel. BeTRITON (formerly known as Z-Triton) offers extraordinary experience and freedom to travel both over land and water.
  • Around — The largest network of workspaces on flexible terms. We are a savvy team from Latin America providing fast-growing companies with on-demand access to flexible office space. Everywhere.We believe work at its best is always creative and collaborative, expressed with freedom, autonomy, and purpose; and the space surrounding us should help us achieveit, anywhere & everywhere.We are shaping the future of work today by improving workspaces and the rules around them, and helping innovative teams find their ideal space to make their best work every day — our first step on a journey to change the way we work and think about work.Our best work. Anywhere. Everywhere. We are Around.
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Atlantic Labs
VC Fund · Berlin, Berlin, Germany · 1 investments in Estonia Medical Device startups, 12 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

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

Investor stats

  • Total investments: 156
  • Round size: Seed $1.1M–$5.6M; Pre-Seed $850k–$1.3M; Series A $4.6M–$27M
  • Lead/follow: 43% lead, 57% follow

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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Medical Device Investor funding in Estonia at a glance

Stats across 5 deals from 9 investors.

9
investors
in Estonia Medical Device startups
5
deals
in Estonia Medical Device startups
$750k
median round
in Estonia Medical Device startups
22%
lead investors
lead at least one round
60%
Seed
most common funding stage
56/44
VC / Angel
share of investor count

Access all 9 investors in Estonia Medical Device startups.

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