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Top 50 Payments Startup Investors in Estonia (May 2026)

The most active venture capital funds and angel investors investing in Estonia Payments startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Estonia Payments startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Superangel
VC Fund
6 Estonia, United States, Finland Seed, Pre-Seed, Series A Artificial Intelligence, Software, FinTech $161k–$6.9M
BlackFin Capital Partners
VC Fund
4 France, Germany, Denmark Private Equity, Series A, Series B Financial Services, FinTech, Payments $5.4M–$100M
Karma Ventures
VC Fund
4 Estonia, Sweden, Finland Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $536k–$30M
Tera Ventures
VC Fund
3 Estonia, United States, United Kingdom Seed, Series A, Pre-Seed Software, Artificial Intelligence, E-Commerce $120k–$10M
Blockchain Founders Fund
VC Fund
3 United States, United Kingdom, Canada Seed, Pre-Seed Blockchain, Cryptocurrency, Financial Services $15k–$6M
Martin Sokk
Angel
2 Estonia Pre-Seed, Seed Rental, FinTech, Finance
LD Capital
VC Fund
2 United States, Singapore, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $1.2M–$16M
Token Ventures
VC Fund
2 Estonia, France, Switzerland Seed, Pre-Seed Blockchain, Cryptocurrency, Gaming $900k–$3.5M
Mapleblock Capital
VC Fund
2 Singapore, Switzerland, United States Seed, Series A Blockchain, Cryptocurrency, FinTech $1.7M–$6M
Morgan Creek Digital
VC Fund
2 United States, Canada, Israel Seed, Series A, Series B Blockchain, FinTech, Cryptocurrency $2.5M–$18M
ZBS CAPITAL
VC Fund
2 United States, Singapore, India Seed, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $875k–$25M
365.fintech
VC Fund
2 United Kingdom, Germany, Belgium Seed, Pre-Seed, Series A FinTech, Financial Services, Software $118k–$9.8M
500 Istanbul
VC Fund
2 Turkey, United States, Estonia Seed, Pre-Seed, Series A Software, Information Technology, Machine Learning $250k–$2.6M
Shima Capital
VC Fund
2 United States, United Kingdom, Singapore Seed, Pre-Seed Blockchain, Cryptocurrency, Gaming $1M–$7.7M
Parallax Ventures
VC Fund
2 Brazil, Estonia, United States Seed, Series A, Series B FinTech, Financial Services, Bitcoin $1.5M–$16M
NGC Ventures
VC Fund
2 United States, Singapore, Hong Kong Seed, Series A Blockchain, Cryptocurrency, Gaming $1.5M–$60M
ff Venture Capital
VC Fund
2 United States, Canada, Poland Seed, Series A Software, Information Technology, Artificial Intelligence $770k–$10M
Cryptomeria Capital
VC Fund
2 Estonia, Canada, United States Seed Blockchain, FinTech, Cryptocurrency $1M–$12M
Triin Hertmann
Angel
2 Estonia Seed, Pre-Seed FinTech, Software, E-Commerce $482k–$536k
Mosaic Ventures
VC Fund
2 United Kingdom, United States, Germany Series A, Series B Software, FinTech, Information Technology $3M–$62M
Portage Ventures
VC Fund
1 United States, Canada, France Seed, Series A, Series B FinTech, Financial Services, Finance $2M–$50M
Lemonade Stand
VC Fund
1 Estonia, India, Poland Seed, Pre-Seed, Angel Software, SaaS, FinTech $222k–$2.1M
Siena Capital
VC Fund
1 Estonia, Latvia Seed, Pre-Seed, Convertible Note CAD, Banking, FinTech
NordicNinja VC
VC Fund
1 Finland, Sweden, Estonia Series A, Series B, Series C Information Technology, Software, Transportation $4.2M–$32M
Greycroft
VC Fund
1 United States, United Kingdom, Germany Series A, Seed, Series B Software, E-Commerce, Internet $1.5M–$45M
YBB Foundation
VC Fund
1 Israel, Estonia, Singapore Seed, Pre-Seed, Series A Blockchain, Software, Cryptocurrency $3.5M–$6M
Change Ventures
VC Fund
1 Estonia, Lithuania, United States Seed, Pre-Seed, Series A Software, Information Technology, Apps $107k–$3M
AU21 Capital
VC Fund
1 Singapore, United States, United Kingdom Seed, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $1.2M–$14M
HG Ventures
VC Fund
1 South Korea, United States, Taiwan Seed, Initial Coin Offering Blockchain, Cryptocurrency, FinTech $1M–$5.7M
Golden Egg Check Capital
VC Fund
1 The Netherlands, Canada, Estonia Seed, Pre-Seed Internet, Information Technology, Payments $250k–$2.7M
Collective Ventures
VC Fund
1 Estonia, Germany, United States Seed, Series A, Initial Coin Offering FinTech, Blockchain, Software
Kenetic
VC Fund
1 United States, Singapore, Hong Kong Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.6M–$19M
Icebreaker.vc
VC Fund
1 Finland, Estonia, Sweden Pre-Seed, Seed, Series A Software, Information Technology, Artificial Intelligence $54k–$16M
Element Ventures
VC Fund
1 United Kingdom, Germany, Sweden Series A, Seed, Series B FinTech, Financial Services, Payments $4.3M–$15M
Jdac
VC Fund
1 Estonia Seed FinTech, Internet, Payments
Redstone
VC Fund
1 Germany, Switzerland, Finland Series A, Seed Software, FinTech, E-Commerce $846k–$11M
Pnyx Ventures
VC Fund
1 Canada, Estonia, Norway Seed, Pre-Seed Blockchain, Financial Services, FinTech $885k–$6.4M
TrustPad
VC Fund
1 India, Spain, Estonia Seed, Pre-Seed Blockchain, Software, Gaming
LAUNCHub Ventures
VC Fund
1 Bulgaria, United Kingdom, United States Seed, Series A Software, SaaS, Enterprise Software $40k–$54M
Jens Ohr
Angel
1 Germany Seed Machine Learning, Artificial Intelligence
Untapped Capital
VC Fund
1 United States, United Kingdom Pre-Seed, Seed, Convertible Note E-Commerce, B2B, Predictive Analytics $370k–$3M
Parachain Ventures
VC Fund
1 Estonia, Gibraltar, Hong Kong Seed, Series A Blockchain, Cryptocurrency, Financial Services $1.5M–$12M
DWF Labs
VC Fund
1 Singapore, United Kingdom, United States Pre-Seed, Seed Blockchain, Cryptocurrency, Information Technology $1M–$3.5M
CatcherVC
VC Fund
1 Estonia, Singapore Seed, Corporate Round Financial Services, Blockchain, Gaming $1.5M–$3M
Peter Sandberg
Angel
1 Denmark, Kenya, Estonia Angel, Pre-Seed, Secondary Market Internet, Artificial Intelligence, FinTech
UOB Venture
VC Fund
1 United States, Singapore, China Series B, Seed, Series A FinTech, Manufacturing, Financial Services $2.1M–$65M
Johannes Jõgi
Angel
1 Estonia Seed SaaS, Mobile, Analytics
Evald-Hannes Kree
Angel
1 Estonia Seed Bitcoin, FinTech, Finance
VR Ventures
VC Fund
1 Germany, Estonia, Switzerland Seed, Pre-Seed, Series A FinTech, Software, Information Technology $3M–$10M
CoinFund
VC Fund
1 United States, United Kingdom, Switzerland Seed, Series A Blockchain, Cryptocurrency, Financial Services $1M–$16M
Access all 47 investors in Estonia Payments startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Superangel
VC Fund · Tallinn, Harjumaa, Estonia · 6 investments in Estonia Payments startups

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

  • Industry: Artificial Intelligence, Software, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, United States, Finland

Investor stats

  • Total investments: 61
  • Round size: Seed $536k–$3.5M; Pre-Seed $161k–$1M; Series A $5.4M–$6.9M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $33M in 2022

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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BlackFin Capital Partners
VC Fund · Paris, Ile-de-France, France · 4 investments in Estonia Payments startups

BlackFin Capital Partners is the leading pan-European Financial Services PE Platform. The team consists of +35 experienced professionals from several nationalities.

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Investment focus

  • Industry: Financial Services, FinTech, Payments
  • Stage:Private Equity, Series A, Series B
  • Geography: France, Germany, Denmark

Investor stats

  • Total investments: 49
  • Round size: Series A $5.4M–$16M; Series B $21M–$100M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • HAWK:AI — We are HAWK:AI and we run a real-time transaction monitoring solution to support Financial Institutions to get to the next level of Anti-Money-Laundering.
  • Mooncard — Mooncard was created with an ambition: to put the new payment technologies at the service of the day-to-day management of all companies to enable them to gain in simplicity, efficiency and therefore profitability. Currently, many purchasing and spending processes remain manual and complex, ranging from routine purchases and expenses to expenseclaims. Businesses of any size, and often the small ones, lose valuable time to make and manage these payments. Mooncard completely transforms this situation by proposing an innovative payment solution, piloted in real time, secure and deployable very easily. Thanks to the most modern technologies (web, big data, IA ...) the payment and management circuit is completely automated.Mooncard supports all companies to enable them to take full advantage of the revolution of means of payment.
  • Descartes Underwriting — Descartes Underwriting is an insurtech company that specializes in climate risk modeling and data-driven risk transfer. It works with corporate brokers to design and underwrite innovative, bespoke, and affordable insurance. The company offers tech-based insurance products covering risks such as flooding, wildfires, droughts, and other large-scaleevents to businesses, across all sectors, including agriculture, hospitality, mining, construction, traditional and renewable energy, entertainment, and retail. The company was founded in 2019 and is headquartered in Puteaux, Ile-de-France, France.
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Karma Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 4 investments in Estonia Payments startups

karma.vc is an early stage venture capital fund focusing on seed and early stage technology companies in Europe.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Estonia, Sweden, Finland

Investor stats

  • Total investments: 36
  • Round size: Seed $536k–$4.3M; Series A $4.8M–$16M; Series B $3.2M–$30M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Commsignia — Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Its product line includes a V2X Communication Software Stack and Commsignia’s own security stack implementation, Hybrid V2X/ADAS Safety Applications, a V2X Simulator, On-Board Units (OBU) and Roadside Units(RSU).The company was founded in 2012 and is headquartered in Santa Clara, California.
  • DRUID — DRUID is an AI platform that allows companies to automate processes by designing and deploying UiPath RPA integrated chatbot virtual assistants.
  • Jobbatical — Jobbatical takes care of the entire relocation process for you. Just sit back and relax.
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Tera Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Estonia Payments startups

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

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

Investor stats

  • Total investments: 49
  • Round size: Seed $536k–$2.7M; Pre-Seed $120k–$1M; Series A $1.2M–$10M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

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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Blockchain Founders Fund
VC Fund · Singapore, Central Region, Singapore · 3 investments in Estonia Payments startups, 16 in the past 12 months

We Focus Exclusively On Adding Value To Blockchain & Emerging Technology Projects With Real World Applications.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Pre-Seed
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 123
  • Round size: Seed $125k–$4M; Pre-Seed $15k–$6M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: Likely still investing — raised $75M in 2022

Portfolio highlights

  • Freename — Redefining Web3 Naming System. Web3 Registrar: custom TLDs and Domains
  • LunarCrush — Smarter crypto, NFT, and stock investing with insights from millions of conversations happening across social.
  • SuperSight — SuperSight (https://supersight.xyz/), a UK-based start-up, is building crypto-specific Large Language Models (LLMs) to revolutionise the way we interact with crypto data. With 420 million crypto users but only 30,000 able to code for onchain insights, SuperSight bridges the gap, enabling easy access to information from a range ofboth on-chain and off-chain sources like Discord, Telegram, Twitter, Mirror, Podcast Transcripts, and news sites. Beyond just collecting data, SuperSight uses AI to improve the search experience, making it personalised, accurate, and ultimately, more insightful.
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Martin Sokk
Angel · London, England, United Kingdom · 2 investments in Estonia Payments startups

Martin Sokk is a Co-Founder, CEO of Lightyear Company. He attended Estonian Information Technology College.

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Investment focus

  • Industry: Rental, FinTech, Finance
  • Stage:Pre-Seed, Seed
  • Geography: Estonia

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Montonio — 10x lower fees and the most customer-friendly financing solution.
  • 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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LD Capital
VC Fund · Shanghai, Shanghai, China · 2 investments in Estonia Payments startups, 6 in the past 12 months

LD Capital is one of Asia's earliest organizations focusing on value investing in blockchain field. Owing to industrial resource advantages and professional investment research teams, LD Capital has successively discovered and invested in projects such as Qtum, Vechain and Eos which all achieved over 100 times return.Their teams spread overChina, the United States, Europe, Singapore, Japan, and South Korea, and have accumulated rich experience in areas of traditional internet, Fintech, and advanced blockchain technology. They are committed to the globalization of blockchain and quality investment in the entire industry.LD Capital focuses on blockchain innovation projects within finance, games, content publishing, Internet of Things and other circuits, and we have been propelling broad layout of blockchain technology and infrastructure construction to facilitate the comprehensive development of the global blockchain ecosystem.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 130
  • Round size: Seed $1.3M–$9M; Initial Coin Offering $1.2M–$16M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • GAM3S.GG — Your home of web3 gaming offering game discovery, reviews, guides, news & quests for a full experience.
  • Ola — Ola is a ZKVM-based, High-performance, Privacy-focused layer2 platform.
  • Earn Network — Onboarding millions to make billions in DeFi economy
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Token Ventures
VC Fund · 2 investments in Estonia Payments startups

We see a bright future of blockchain-based technologies.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Pre-Seed
  • Geography: Estonia, France, Switzerland

Investor stats

  • Total investments: 4
  • Round size: Seed $900k–$3.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Elusiv — Elusiv offers compliance in mind with next-generation privacy solutions for a better Web3.
  • Swipelux — Swipelux is a payment gateway widget, that enables the end-user to buy crypto using his credit/debit card. Swipelux is B2B focus, with the ability to integrate this fast, safe and flexible widget into all kinds of Websites, Crypto exchanges, Crypto wallets, Defi, NFT marketplaces.
  • Legends of Elysium — Legends of Elysium is a fantasy Free-To-Play fusion of Card & Board Game enhanced with strategic elements.
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Mapleblock Capital
VC Fund · Delhi, Delhi, India · 2 investments in Estonia Payments startups

Mapleblock Capital is an investment firm that exclusively consults and invests in crypto-assets and blockchain companies. It was founded in 2017 and is headquartered in Delhi, India.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A
  • Geography: Singapore, Switzerland, United States

Investor stats

  • Total investments: 22
  • Round size: Seed $1.7M–$6M; Series A $4.1M–$4.1M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Shardeum — Shardeum is an EVM-based, linearly scalable smart contract platform that maintains low gas fees while providing true decentralization and solid security
  • Neptune Mutual — Need Crypto Insurance? You don't need to submit loss proof to receive payouts. No need to wait after creating a claim. Get a free price quote now.
  • Ready — Compete in mobile games to WIN cash!
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Morgan Creek Digital
VC Fund · Chapel Hill, North Carolina, United States · 2 investments in Estonia Payments startups

Morgan Creek Digital is a hedge fund backed by Morgan Creek Capital. Morgan Creek Digital specializes in the fields of digital asset management, financial services, and venture capital. It was founded in 2004 and headquartered in Chapel Hill, North Carolina.

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Investment focus

  • Industry: Blockchain, FinTech, Cryptocurrency
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 28
  • Round size: Seed $2.5M–$4M; Series A $10M–$18M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • AIKON — AIKON is simplifying blockchain technology and providing intuitive products and services for enterprise companies.
  • Chain Reaction — Chain Reaction is engineering the future of disruptive blockchain and privacy technologies by accelerating compute and mining hardware performance.
  • Horizon Blockchain Games — We make web3 easy, fun, and accessible for users and builders.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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ZBS CAPITAL
VC Fund · 2 investments in Estonia Payments startups

ZBS Capital - distinguished crypto venture fund, backed by major media resources including CryptoDiffer.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Singapore, India

Investor stats

  • Total investments: 93
  • Round size: Seed $875k–$5M; Initial Coin Offering $3.7M–$25M
  • Lead/follow: 1% lead, 99% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Itheum — As we enter the web3 and metaverse era; Itheum unlocks data silos and generates new value for your data.
  • MeMusic — MeMusic is a blockchain NFT music service platform that uses blockchain technology to provide users with a music ecosystem experience.
  • The Unfettered — The Unfettered is a blockchain PC game.
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365.fintech
VC Fund · Bratislava, Bratislava, Slovakia (Slovak Republic) · 2 investments in Estonia Payments startups

365.fintech is a boutique VC focusing on pre-seed & seed API-first, infrastructure & b2b/b2b2c fintech in broader CEE & Baltics.

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, Germany, Belgium

Investor stats

  • Total investments: 17
  • Round size: Seed $964k–$9.8M; Pre-Seed $118k–$954k
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Ondato — Ondato provides end-to-end eKYC and AML solutions to streamline your compliance processes. Fight fraud with an identity verification service.
  • Montonio — 10x lower fees and the most customer-friendly financing solution.
  • Velaris — Velaris is a flexible, all-in-one Customer Success platform to help you create winning experiences. Automation, alerts, lifecycle management, health, intelligence
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500 Istanbul
VC Fund · Istanbul, Istanbul, Turkey · 2 investments in Estonia Payments startups

500 Startups is a venture capital firm on a mission to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. Since its inception in 2010, 500 has provided hundreds of millions of investment dollars, acceleration programs, and support services to thousands ofentrepreneurs in over 60 countries.

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Investment focus

  • Industry: Software, Information Technology, Machine Learning
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Turkey, United States, Estonia

Investor stats

  • Total investments: 25
  • Round size: Seed $250k–$1.2M; Pre-Seed $720k–$2.6M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Permify — Permify is an open-source authorization for building RBAC, ABAC, and Access Control in your application. Create your access control model, sync your authorization data, and enforce permission with a single check!
  • Refine — refine offers lots of out-of-the box functionality for rapid development, without compromising extreme customizability. It ships with Ant Design, an enterprise-level UI toolkit.
  • Freeflow — Enabling better hiring one community at a time!
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Shima Capital
VC Fund · San Francisco, California, United States · 2 investments in Estonia Payments startups, 33 in the past 12 months

Shima Capital is an investment fund that focuses on supporting cutting-edge blockchain startups. The firm is headquartered in San Francisco, California, United States.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Pre-Seed
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 194
  • Round size: Seed $1.5M–$7.7M; Pre-Seed $1M–$2.1M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • D3 — D3 - DNS Domains for Web3
  • jiritsu.network — Jiritsu is a decentralized protocol enabling verifiable compute.
  • Mythic Protocol — Mythic Protocol is an entertainment company that develops games, media and platforms.
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Parallax Ventures
VC Fund · São Paulo, Sao Paulo, Brazil · 2 investments in Estonia Payments startups

Founded in 2018, Parallax Ventures is a Fintech-focused top quartile Venture Capital firm that focuses on early-stage investments, baking best-in-class entrepreneurs in the Financial Services industry. The firm invests in Fintechs across all subsectors of Financial Industry, including Open Finance, FMI, Exchanges, BaaS, IaaS, B2B SaaS,Blockchain/Web3, Credit, Wealth Management tech, and Productivity, among others. Parallax has invested in Fintechs in Brazil, USA, and Europe.

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Investment focus

  • Industry: FinTech, Financial Services, Bitcoin
  • Stage:Seed, Series A, Series B
  • Geography: Brazil, Estonia, United States

Investor stats

  • Total investments: 17
  • Round size: Seed $1.5M–$6.6M; Series A $15M–$16M
  • Lead/follow: 71% lead, 29% follow

Portfolio highlights

  • Wert — Making purchasing of NFTs seamless and not requiring users to have crypto.
  • Klavi — Klavi specializes in data analytics and open data connectivity that receives data securely, quickly, and scalable through a single API.
  • CAF — We are specialists in combating identity theft and people trying to impersonate others.
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NGC Ventures
VC Fund · 2 investments in Estonia Payments startups

NGC Ventures has been investing in blockchain since 2017, with an investment thesis driven by infrastructure. We are an early-stage VC fund, among others, we invested early into Ziliqa, Solana, Avalanche, Filecoin. We have a global team of crypto natives that offers support and insights into token design, go-to-market and more.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Hong Kong

Investor stats

  • Total investments: 41
  • Round size: Seed $1.5M–$9M; Series A $15M–$60M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Soulbound — Saga is a decentralized gaming community that aims to improve and grow the metaverse by creating a chain-agnostic market infrastructure.
  • Amulet Protocol — Simple, Reliable Cover For Everyone in Web3
  • Xverse — Xverse is the most advanced and user-friendly Bitcoin wallet. Earn BTC, trade Ordinals, and connect to Web3 apps powered by Stacks. Download for iOS, Android and Chrome.
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ff Venture Capital
VC Fund · New York, New York, United States · 2 investments in Estonia Payments startups, 7 in the past 12 months

ff Venture Capital (ffVC) is a technology venture capital firm investing in some of the strongest growth areas to date, including cybersecurity, artificial intelligence, machine learning, drones, enterprise cloud software, and crowdfunding. The firm identifies and invests in technology and technology-enabled companies at its inception acrossgeographies and emerging industries. With three partners and an acceleration team of 20+ investment and operations professionals, ffVC actively participates with founders to develop products, target markets, and accelerate growth. Since 2008, ffVC has invested in over 100 companies and has helped to create companies with an aggregate market value exceeding $6 billion.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: United States, Canada, Poland

Investor stats

  • Total investments: 254
  • Round size: Seed $770k–$3.8M; Series A $1M–$10M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Dashbot — Actionable Voice & Chatbot Analytics. Optimize Response Effectiveness; Understand User Behaviors; Increase User Satisfaction, Engagement, and Monetization.
  • PrivacyHawk — Privacyhawk is a mobile app that empowers everyone to take back control of their privacy.
  • Payscore — Payscore is an automated income verification tool that helps property managers and lenders make the best applicant approval decisions.
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Cryptomeria Capital
VC Fund · Singapore, Central Region, Singapore · 2 investments in Estonia Payments startups

We help you to enter the Chinese crypto market. We invest in blockchain projects.

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Investment focus

  • Industry: Blockchain, FinTech, Cryptocurrency
  • Stage:Seed
  • Geography: Estonia, Canada, United States

Investor stats

  • Total investments: 18
  • Round size: Seed $1M–$12M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • MetaMundo — MetaMundo is the destination for collecting unique 3D avatars ready to use across games, VR/AR, social media and the metaverse.
  • Tradelize — Tradelize is LinkedIn for crypto traders and investors backed by real trading stats. Here anyone can find a way to increase their returns on the cryptocurrency market.
  • IQ Labs — IQ Marketplace offers unique NFTs with exclusive utilities, boosting your in-game experience. With flexible renting parameters and multiple payment options, rent without collateral and unlock the full utility of NFTs. Say goodbye to gas fees with our gasless renting feature and multiply the value of NFT collections with our multi-utility renting. Explore now
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Triin Hertmann
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Payments startups

Triin Hertmann is founder of Grünfin, a sustainable investment platform, angel investor (mostly in Estonia and Nordics region). She is a former COO at TransferWise and early employee of Skype.

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Investment focus

  • Industry: FinTech, Software, E-Commerce
  • Stage:Seed, Pre-Seed
  • Geography: Estonia

Investor stats

  • Total investments: 6
  • Round size: Pre-Seed $482k–$536k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Yaga — Yaga is designed for everyone who wants to sell items online in a convenient and secure manner.
  • Grünfin — Grünfin is a sustainable investing platform for people who care about their impact.
  • Montonio — 10x lower fees and the most customer-friendly financing solution.
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Mosaic Ventures
VC Fund · London, England, United Kingdom · 2 investments in Estonia Payments startups

We back founders who are reimagining the world. We invest $1-10m early, in those building daring adventures in Europe.

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Investment focus

  • Industry: Software, FinTech, Information Technology
  • Stage:Series A, Series B
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 86
  • Round size: Series A $4.7M–$17M; Series B $3M–$62M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Smiler — Memorable experiences deserve to be captured in high quality. We make it happen. Valuable memories in high quality, for everyone, everywhere.
  • Coram AI — Coram AI creates video intelligence systems for businesses. Coram AI has created systems for video intelligence for companies of all sizes. Each camera "works for you" instead of just being a video recorder using Coram AI. They assist their clients in gaining fresh perspectives on their operations, security, and safety.
  • Meander — Vektor is the career platform for Tech professionals.
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Portage Ventures
VC Fund · Toronto, Ontario, Canada · 1 investments in Estonia Payments startups, 6 in the past 12 months

Portage Ventures is a global fintech-focused venture capital investor. The firm makes early-stage investments in promising Canadian financial tech companies that have potential for global impact.

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Investment focus

  • Industry: FinTech, Financial Services, Finance
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, France

Investor stats

  • Total investments: 87
  • Round size: Seed $2M–$16M; Series A $6M–$25M; Series B $4.8M–$50M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $447M in 2022

Portfolio highlights

  • Mooncard — Mooncard was created with an ambition: to put the new payment technologies at the service of the day-to-day management of all companies to enable them to gain in simplicity, efficiency and therefore profitability. Currently, many purchasing and spending processes remain manual and complex, ranging from routine purchases and expenses to expenseclaims. Businesses of any size, and often the small ones, lose valuable time to make and manage these payments. Mooncard completely transforms this situation by proposing an innovative payment solution, piloted in real time, secure and deployable very easily. Thanks to the most modern technologies (web, big data, IA ...) the payment and management circuit is completely automated.Mooncard supports all companies to enable them to take full advantage of the revolution of means of payment.
  • Croissant — Croissant gives guaranteed buybacks on new purchases, so you can buy more and better.
  • Franklin — Hybrid cash & crypto payroll
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Lemonade Stand
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Payments startups

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

  • Industry: Software, SaaS, FinTech
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Estonia, India, Poland

Investor stats

  • Total investments: 26
  • Round size: Seed $375k–$2.1M; Angel $482k–$643k; Pre-Seed $222k–$2.1M
  • Lead/follow: 15% lead, 85% follow

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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Siena Capital
VC Fund · 1 investments in Estonia Payments startups

Siena is a VC firm mainly investing in startups in Estonia and California

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Investment focus

  • Industry: CAD, Banking, FinTech
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Estonia, Latvia

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — raised $54M in 2021

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
  • Tuum — Our cloud-native API-first core banking platform enables any business to rapidly offer seamless, tailored financial services to their customers.
  • Teamscope — Understand what drives your team's performance, make exceptional hiring decisions, and unlock the full potential of your team.
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NordicNinja VC
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Estonia Payments startups

NordicNinja VC invests in startups in the Nordic-Baltic region.

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Investment focus

  • Industry: Information Technology, Software, Transportation
  • Stage:Series A, Series B, Series C
  • Geography: Finland, Sweden, Estonia

Investor stats

  • Total investments: 27
  • Round size: Series A $4.2M–$24M; Series B $15M–$32M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • ClimateView — ClimateView is a Swedish climate action technology company that helps cities transform climate planning into progress. We combine data, agent-based modelling and interface design to help cities successfully manage the transition to zero carbon economies.
  • Pactum — Pactum autonomous negotiations help companies unlock hidden value. Our AI negotiates non-strategic supplier contracts on a massive scale.
  • Ready Player Me — The Ready Player Me platform leverages AI, ML , and a suite of developer-first tools to empower developers to integrate avatars into their games and apps to launch faster, improve user adoption, and grow revenue through asset monetization.
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Greycroft
VC Fund · New York, New York, United States · 1 investments in Estonia Payments startups, 30 in the past 12 months

Venture capital and technology investments

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Series A, Seed, Series B
  • Geography: United States, United Kingdom, Germany

Investor stats

  • Total investments: 597
  • Round size: Seed $1.5M–$7M; Series A $3M–$20M; Series B $5M–$45M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $378M in 2023

Portfolio highlights

  • JOKR — Grocery shopping is easier now with JOKR, your instant delivery app. Order your groceries and favorite products in our online supermarket and get them instantly at your door. Download the app now and make your first grocery order on us. Available in IOs and Android. Access www.jokr.com for more info
  • Vera — Vera develops an assessment platform to identify and address risks in artificial intelligence and machine learning models. It engages key stakeholders across teams to create data-driven assessments and use data science tools to investigate AI and ML models, helping organizations navigate through uncertainty and protecting companies and individualsfrom risky artificial intelligence systems.
  • Nextdata — Nextdata offers an operating system for decentralized data at scale on an AI platform.
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YBB Foundation
VC Fund · 1 investments in Estonia Payments startups

YBB Foundation is a group of tech fans and early investors in crypto.

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Investment focus

  • Industry: Blockchain, Software, Cryptocurrency
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Israel, Estonia, Singapore

Investor stats

  • Total investments: 7
  • Round size: Seed $3.5M–$6M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • RMRK — RMRK.app is a part of Kusama's broader NFT strategy and a way to abuse Kusama's system.remark extrinsic to write custom notes onto the chain in a standardized and structured way. Basically, we graffiti the chain. These notes can represent NFTs, token sales, polls, collaborative drawing programs, even chat applications (yes, really!).
  • StarSharks — StarSharks is a NFT-GameFi ecosystem based on the BSC chain developed by game players, governance committees, and game developers. The game integrates different types of games and breaks down barriers found between games by allowing players to use the same character to enter the Shark-metaverse. It enables players come together to build and govern a new metaverse and create a community culture in the Shark-metaverse.
  • Web3Auth — Web3Auth is simple, non-custodial auth infrastructure that enables Web3 wallets and applications to provide seamless user logins for both mainstream and native Web3 users.
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Estonia Payments startups, 7 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

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, Lithuania, United States

Investor stats

  • Total investments: 46
  • Round size: Seed $321k–$3M; Pre-Seed $107k–$2.1M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

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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AU21 Capital
VC Fund · San Francisco, California, United States · 1 investments in Estonia Payments startups

A fund dedicated to backing the most brilliant minds in the blockchain space

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Initial Coin Offering
  • Geography: Singapore, United States, United Kingdom

Investor stats

  • Total investments: 124
  • Round size: Seed $1.3M–$5.8M; Initial Coin Offering $1.2M–$14M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Nillion — The Secure Processing Layer of Web3
  • The Unfettered — The Unfettered is a blockchain PC game.
  • Cryption Network — Cryption Network is crypto company. Its can swap, farm, Invest and predict with cryption's unique and user-friendly DeFi 2.0 products. Bringing mass adoption to DeFi. PolyDEX is cryption's flagship product, which is completely gasless, instant, cross-chain AMM DEX with yield farming.
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HG Ventures
VC Fund · Seoul, Seoul-t'ukpyolsi, South Korea · 1 investments in Estonia Payments startups

blockchain investment based in Korea

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Initial Coin Offering
  • Geography: South Korea, United States, Taiwan

Investor stats

  • Total investments: 14
  • Round size: Seed $1M–$5.7M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Dmail — Dmail Network is a decentralized mailbox that provides a safe and private environment for users' communication, storage, tokens, and NFTs. The company was founded by Mittal S. and Lucas L. in 2021.
  • KlayCity — KlayCity is a P2E virtual world where district NFT owners can govern, explore and earn while enjoying the gaming experience.
  • Reign of Terror — Reign of Terror is a cyberpunk metaverse blockchain game created to immerse players in a dreamlike, futuristic world while weaving graspable decentralized finance mechanisms. Get lost playing in a jaw dropping new reality where missions become investment bearing activities.
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Golden Egg Check Capital
VC Fund · Enschede, Overijssel, The Netherlands · 1 investments in Estonia Payments startups

Het venture capital fonds van Golden Egg Check investeert samen met de beste angels en VCs in snelgroeiende techbedrijven.

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Investment focus

  • Industry: Internet, Information Technology, Payments
  • Stage:Seed, Pre-Seed
  • Geography: The Netherlands, Canada, Estonia

Investor stats

  • Total investments: 10
  • Round size: Seed $1.2M–$2.7M; Pre-Seed $250k–$670k
  • Lead/follow: 0% lead, 100% follow
  • Last fund: Likely still investing — raised $536k in 2022

Portfolio highlights

  • OASYS NOW — The new Standard for Securely Storing and Exchanging Genomic Data. Unlock global data silos and monetize your data pool through OASYS NOW secure enclaves.
  • Valyuu.com — Bye old products, hello Valyuu.
  • Propel — Propel is building an ecosystem for the future of work. The core offering is a CaaS (Community-as-a-Service) powered platform that helps fast-growing, post-raise companies across the world fill their critical tech hires with world-class African talent, either for full-time, remote or hybrid roles.With a talent focus on emerging markets with highgrowth potential, Propel is currently building the largest combined community of tech ecosystems in Africa, providing talent in these communities with access to work, embedded finance and other extended community benefits.
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Collective Ventures
VC Fund · 1 investments in Estonia Payments startups

Moving financial inclusion forward.

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Investment focus

  • Industry: FinTech, Blockchain, Software
  • Stage:Seed, Series A, Initial Coin Offering
  • Geography: Estonia, Germany, United States

Investor stats

  • Total investments: 10
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Nira — NIRA is an RBI approved instant loan app that provides low interest instant loans. NIRA Finance is the best app for salaried people where you can avail a loan up to 1 lakh on EMI using a secure 100% online process. Low Interest Loans up to 1 lakh for salaried.
  • nuvo — Transform the way you import data with nuvo, to create fast, non-technical way to handle spreadsheet data.
  • Flowers-Software GmbH — Flowers Software is an organization management for digitizing, simplifying and automating recurring workflows.Flowers -Software can be used independent of company size, industry, region, and existing company structure due to its highly flexible no-code process editor.
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Kenetic
VC Fund · Central, Hong Kong Island, Hong Kong · 1 investments in Estonia Payments startups

Kenetic is a proprietary trading and VC investment firm focused on digital assets and blockchain related companies. They have developed technology to facilitate their quantitative trading strategies and offer various digital asset related structured products to counterparts.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Hong Kong

Investor stats

  • Total investments: 106
  • Round size: Seed $1.6M–$7M; Series A $5.8M–$19M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Degame — Degame is an NFT gaming platform that provides token analytics, tracking, research, gaming strategy, and IGO.
  • Tres — Crypto Accounting and Web3 Treasury - Enable financial workflows such as reconciliation, balance calculation, audit and reporting. Now businesses can monitor, manage and account for their Web3 assets from on-ramp to off-ramp.
  • Thala Labs — Unleash the liquidity of your assets with our Stablecoin, AMM, and Launchpad
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Icebreaker.vc
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Estonia Payments startups, 12 in the past 12 months

Founded in 2016, Icebreaker has invested in over 50 fast-growing tech startups built by domain expert founders from companies like Rovio, Nordea, Pipedrive, Eniram, IBM and BCG. In addition to the fund, Icebreaker also runs a community of more than 1000 founders and pre-founders with 5+ years of relevant industry experience and the will to start,build or join strong tech companies.With the initial ticket sizes of €150k - 800K Icebreaker provides enough funding for companies to get to a position of strength and avoid post-accelerator limbo without having to resort to disreputable sources of capital and unfriendly deal terms.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Finland, Estonia, Sweden

Investor stats

  • Total investments: 97
  • Round size: Seed $375k–$5.2M; Pre-Seed $54k–$857k; Series A $2.7M–$16M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: May invest from a new fund soon — raised $21M in 2021

Portfolio highlights

  • Ovoro — Ovoro is an automated crypto trading app that offers users a streamlined, efficient and convenient way to manage their investments. With an intuitive interface, Ovoro allows you to easily set up and monitor your trades, eliminating the hassle of manual trading. Trying out Ovoro is risk free as trading can be done in a simulated environment with noreal money involved.
  • Aibidia — Discover the Aibidia TXM Platform and our digital transfer pricing applications, eliminating billions of euros in tax inefficiencies and risks.
  • IPRally — Improve your invalidity, patentability and FTO searches. Easy-to-use patent search web application, powered by unique AI knowledge graph technology.
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Element Ventures
VC Fund · London, England, United Kingdom · 1 investments in Estonia Payments startups

Investors in tomorrow's financial technology. Element partners with European fintech firms targeting the biggest markets in financial services utilising technology to deliver competitive advantage.

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Investment focus

  • Industry: FinTech, Financial Services, Payments
  • Stage:Series A, Seed, Series B
  • Geography: United Kingdom, Germany, Sweden

Investor stats

  • Total investments: 13
  • Round size: Seed $5M–$6.4M; Series A $4.3M–$15M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Januar — Innovative EU crypto companies use Januar's payment account solutions to accept payments & send payout's while maintaining full compliance & stable business operations.
  • getmomo — getmomo is a vertical payment platform for real estate. Guaranteeing on-time rent for landlords & offering tenants a zero-deposit solution
  • Token.io — The broadest coverage for open banking in Europe. Accept A2A payments. Add open payments to your platform. Access user permissioned financial data data.
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Jdac
VC Fund · Singapore, Central Region, Singapore · 1 investments in Estonia Payments startups

We are committed to supporting our portfolio companies at every stage of their journey and nurturing our global relationships.

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Investment focus

  • Industry: FinTech, Internet, Payments
  • Stage:Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Wert — Making purchasing of NFTs seamless and not requiring users to have crypto.
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Redstone
VC Fund · Berlin, Berlin, Germany · 1 investments in Estonia Payments startups, 11 in the past 12 months

The Redstone team is an international and diverse group of serial entrepreneurs, investors, investment professionals, tech analysts and data scientists.

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Investment focus

  • Industry: Software, FinTech, E-Commerce
  • Stage:Series A, Seed
  • Geography: Germany, Switzerland, Finland

Investor stats

  • Total investments: 64
  • Round size: Seed $846k–$6.9M; Series A $1.1M–$11M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • nuwo — Workplace as-a-Service. nuwo is the #1 platform 
for financing, equipping 
and managing hybrid 
workspaces
  • Stylib — Material search that works. For architects by architects. Our Beta is now live!
  • eaze — At eaze, we are on the mission to democratise good sleep! With 1/3 of people suffering from sleep problems and prescription sleep medication as the current go-to solution, we set out to change this by offering the first digital sleep training. Based on cognitive behavioural therapy, your personal sleep psychologist guides you through anindividualised sleep training that helps you to sleep better for good.
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Pnyx Ventures
VC Fund · 1 investments in Estonia Payments startups

PNYX Ventures is a digital asset management firm specialising in blockchain capital markets.

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Investment focus

  • Industry: Blockchain, Financial Services, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: Canada, Estonia, Norway

Investor stats

  • Total investments: 18
  • Round size: Seed $1.6M–$6.4M; Pre-Seed $885k–$885k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Joystream — JoyStream is a blockchain powered decentralized media distribution, curation, discovery, and monetization platform.
  • Webb Protocol — Welcome to Webb, an ecosystem of infrastructures and applications designed to extend privacy to the blockchain space. We are committed to a future where privacy is accessible for all in the multi-chain world.
  • Minterest — Minterest is a cross-chain decentralized money market lending protocol for decentralized financial. Its unique design attracts and rewards long-term liquidity with Minterest distributing value captured by the protocol to MNT token holders who actively participate in its governance. Minterest was founded in 2020 and is based in Tallin, Estonia.
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TrustPad
VC Fund · 1 investments in Estonia Payments startups

TrustPad is a decentralized multi-chain fundraising platform enabling projects to raise capital and promise safety to early stage investors. Stake TrustPad tokens to get priority-access to promising projects.

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Investment focus

  • Industry: Blockchain, Software, Gaming
  • Stage:Seed, Pre-Seed
  • Geography: India, Spain, Estonia

Investor stats

  • Total investments: 5
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • OneRare — OneRare is a food metaverse platform. OneRare features a unique Foodverse, divided over four areas namely Farm, Farmers Market, Kitchen, Playground. Players can explore the metaverse and discover ways to play, earn, collect, and battle.
  • DAOLaunch — DAOLaunch is a decentralized platform that connects investors and startups directly on the blockchain by introducing innovative fundraising solutions to the startup ecosystem. Users can effortlessly create and support new startups across all borders, and participate in transparent, flexible and fair financing rounds regardless of a project being a crypto or fiat.
  • QANplatform [QAN blockchain platform] — QANplatform is the quantum-resistant Layer 1 hybrid blockchain where developers can code web3 solutions in any language on top of the QAN blockchain platform.
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LAUNCHub Ventures
VC Fund · Sofia, Grad Sofiya, Bulgaria · 1 investments in Estonia Payments startups

LAUNCHUB is a leading early-stage venture capital fund focused on investing in startups in South-Eastern (SEE) and Central-Eastern (CEE) Europe.

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Investment focus

  • Industry: Software, SaaS, Enterprise Software
  • Stage:Seed, Series A
  • Geography: Bulgaria, United Kingdom, United States

Investor stats

  • Total investments: 124
  • Round size: Seed $40k–$1.2M; Series A $1.4M–$54M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: May invest from a new fund soon — raised $75M in 2021

Portfolio highlights

  • AMPECO — AMPECO enables large-scale EV charging providers to launch and scale their business operations under their own brand. The company offers a white-label and hardware-agnostic EV charging management platform to cover all business cases - public, private, and home charging. Advanced energy management, flexible billing and subscription management,automatic maintenance algorithms, and inter-operator roaming are some of the platform’s key components. With security and scalability at its core, the platform allows large-scale operators like energy companies, oil and gas, fleets, hardware manufacturers and installers to achieve quick go-to-market in a few months with a ready-made platform combined with unmatched flexibility and extensibility via APIs. AMPECO supports more than 110 charging network operators in over 45 markets and has been globally recognized by Frost & Sullivan for its superior technological innovation and strategic development with the 2022 Global Product Leadership Award.
  • Colossyan — We make video creation simply and stressless. AI video technology allow us to crate video in just a few minutes. Ty out here.
  • Kubeark — Kubeark powers scalable, rapid, and compliant SaaSification and software lifecycle management.
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Jens Ohr
Angel · Karlsruhe, Baden-Wurttemberg, Germany · 1 investments in Estonia Payments startups

Jens Ohr is the Founder at Bridge Lake Capital

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Investment focus

  • Industry: Machine Learning, Artificial Intelligence
  • Stage:Seed
  • Geography: Germany

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • VisioLab — VisioLab combines human-centric artificial intelligence with the responsibility of making data-driven decisions in order to establish a more sustainable agricultural economy. VisioLab was founded by Tim Niekamp and Justin Shenk.
  • Cino — Cino automatically deducts everyone's share from their bank accounts. Create groups with whom you want to share bills, set your ratio split & stop fronting costs!
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Untapped Capital
VC Fund · 1 investments in Estonia Payments startups, 7 in the past 12 months

Untapped Capital is an early-stage venture capital firm based in the US, investing in unexpected founders.

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Investment focus

  • Industry: E-Commerce, B2B, Predictive Analytics
  • Stage:Pre-Seed, Seed, Convertible Note
  • Geography: United States, United Kingdom

Investor stats

  • Total investments: 19
  • Round size: Seed $1.9M–$3M; Pre-Seed $370k–$1.8M
  • Lead/follow: 26% lead, 74% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Wokelo AI — Wokelo is a secure GenAI platform for accelerated business research. It helps create customized in-depth analyses for market intelligence and investment research. Wokelo is reimagining the future of work by unlocking human-like syntheses at scale. It utilizes state-of-the-art LLM models and proprietary technology to uncover rich insights. Wokelo isbeing leveraged by Private Equity, Investment Banks, Corporate Strategy and Venture capital professionals.
  • Cognosys — CognosysAI - Your personal web-based AI Agent
  • Character — The next-gen home improvement destination.
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Parachain Ventures
VC Fund · 1 investments in Estonia Payments startups

Parachain Ventures is the investment branch of CryptoRank.io, a popular and well-respected analytics platform.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: Estonia, Gibraltar, Hong Kong

Investor stats

  • Total investments: 16
  • Round size: Seed $1.5M–$12M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • IQ Labs — IQ Marketplace offers unique NFTs with exclusive utilities, boosting your in-game experience. With flexible renting parameters and multiple payment options, rent without collateral and unlock the full utility of NFTs. Say goodbye to gas fees with our gasless renting feature and multiply the value of NFT collections with our multi-utility renting. Explore now
  • The Unfettered — The Unfettered is a blockchain PC game.
  • Hubble Protocol — Hubble is a decentralized financial protocol that allows for long-term borrowing, lending, and structured products.
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DWF Labs
VC Fund · Singapore, Central Region, Singapore · 1 investments in Estonia Payments startups, 22 in the past 12 months

DWF Labs Global digital asset market maker and multi-stage web3 investment firm

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Pre-Seed, Seed
  • Geography: Singapore, United Kingdom, United States

Investor stats

  • Total investments: 53
  • Round size: Seed $1M–$3.5M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Mars4 — Mars4 (MARS$) defines itself as a virtual reality platform powered by the blockchain, that allows users to create, experience, and monetize content and applications and earn passive income through revenue generating Mars NFT Land Plots. In this virtual world on Mars, users purchase plots of land that they can later navigate, build upon and monetize.
  • Velo Labs — Velo Labs is software company revolutionizing the old correspondent bank system by creating a global settlement network. We are empowering financial institutions with blockchain-based and compliance-friendly solutions to move money across borders.
  • Parex Market — Parex Market provides DAO ecosystem that includes a range of solutions.
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CatcherVC
VC Fund · 1 investments in Estonia Payments startups

CatcherVC is an investment fund dedicated to blockchain.

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Investment focus

  • Industry: Financial Services, Blockchain, Gaming
  • Stage:Seed, Corporate Round
  • Geography: Estonia, Singapore

Investor stats

  • Total investments: 7
  • Round size: Seed $1.5M–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Ola — Ola is a ZKVM-based, High-performance, Privacy-focused layer2 platform.
  • Aki Network — Aki offers a web3 growth stack to track actual influencer promotion results using on-chain data-driven goods. A variety of products and services have been developed by Aki Network to enable more users and influencers to participate in high-quality project campaigns and get commensurate compensation.
  • NEO FANTASY — NEO FANTASY is a blockchain-based ACGN metaverse game that combines NFT and Defi into the gameplay in-depth, creating an ACGN world full of surprises for users who like to explore the metaverse by ACGN RPG games!
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Peter Sandberg
Angel · Copenhagen, Hovedstaden, Denmark · 1 investments in Estonia Payments startups

Peter Sandberg is a co-founder of Nordic Secondary Fund, and a venture partner at Startup Wise Guys. He has extensive experience as a Business Angel and in asset management.

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Investment focus

  • Industry: Internet, Artificial Intelligence, FinTech
  • Stage:Angel, Pre-Seed, Secondary Market
  • Geography: Denmark, Kenya, Estonia

Investor stats

  • Total investments: 15
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Simporter — Make better products with more confidence, in just a fraction of the time.
  • Cavea — Adlab connects brands with streamers to empower collaboration in the new creator economy. We bring creative, engaging ad campaigns to streams across the globe through automated sponsorship campaigns, which allows brands to reach specific audiences, and streamers to effortlessly monetize their content.
  • Hive.id — Proactively prevent fraud, build secure experiences for your customers and drive your revenue growth.
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UOB Venture
VC Fund · Singapore, Central Region, Singapore · 1 investments in Estonia Payments startups, 14 in the past 12 months

UOB Venture, an investment firm, finances privately-held companies through direct equity investment, mainly in Southeast Asia and China.

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Investment focus

  • Industry: FinTech, Manufacturing, Financial Services
  • Stage:Series B, Seed, Series A
  • Geography: United States, Singapore, China

Investor stats

  • Total investments: 76
  • Round size: Seed $2.1M–$18M; Series A $2.4M–$40M; Series B $10M–$65M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Airstack — Every day there are millions of blockchain transactions. Airstack makes sense of them.
  • Solv Protocol — Decentralized Liquidity Infrastructure
  • Tianyu Healthcare — Tianyu Healthcare is a tech-enabled platform providing door-to-door elderly care services.
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Johannes Jõgi
Angel · 1 investments in Estonia Payments startups

Johannes Jõgi

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Investment focus

  • Industry: SaaS, Mobile, Analytics
  • Stage:Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Festivality — Festivality is a platform technology for festivals and events to build smarter next-generation mobile apps, gain new revenues and actionable event and fan analytics. Festivality digitizes live events and turns them into actionable data.
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Evald-Hannes Kree
Angel · 1 investments in Estonia Payments startups

Evald-Hannes Kree

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Investment focus

  • Industry: Bitcoin, FinTech, Finance
  • Stage:Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Swapin.com — Ultra-fast payments between Crypto and Banks. Use #Bitcoin to transfer money and pay bills. Boost your business by accepting crypto.
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VR Ventures
VC Fund · Berlin, Berlin, Germany · 1 investments in Estonia Payments startups

VR Ventures supports leading-edge startups in the financial services and real estate sector. VR Ventures supports companies with shared access to their network, deep pool of expertise, and market knowledge. VR Ventures is headquartered in Berlin, Germany.

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Investment focus

  • Industry: FinTech, Software, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Germany, Estonia, Switzerland

Investor stats

  • Total investments: 14
  • Round size: Seed $3M–$5.5M; Series A $4.3M–$10M
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • nuwo — Workplace as-a-Service. nuwo is the #1 platform 
for financing, equipping 
and managing hybrid 
workspaces
  • Empion — EMPiON – The Robo Advisor for Cultural FitEmpion is a data-based job platform that matches companies and applicants based on company culture, values and skills. Using an AI-based Robo Advisor, Empion quantifies company culture and implements automated headhunting.Every second employee is currently thinking about a job change. The 5 mostimportant factors for job satisfaction have to do with company culture and values. And yet, company culture remains largely ignored on customary job portals. The results for companies and applicants are inefficient hiring processes and high employee turnover.Our vision is bringing company culture to every hire in the world.For more information visit www.empion.de
  • ContractHero — ContractHero is a leading digital contract management solution for business customers. The smart and easy-to-use software provides an overview of all current contracts, quickly identifies unnecessary costs and reduces risks from missed contract deadlines. As a result, companies have full control over their contracts and avoid missed deadlines andunnecessary costs.
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CoinFund
VC Fund · Brooklyn, New York, United States · 1 investments in Estonia Payments startups, 12 in the past 12 months

CoinFund is a private cryptoasset investor and blockchain research and advisory firm that focuses on crypto and blockchain investments. The firm was founded in 2015 and is headquartered in Brooklyn, United States.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Switzerland

Investor stats

  • Total investments: 117
  • Round size: Seed $1M–$7.5M; Series A $5M–$16M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely still investing — raised $300M in 2022

Portfolio highlights

  • Tableland — A 3k generative NFT built from 1,074 handcrafted works of art for the builders and creatives of cyberspace.
  • Earn Alliance — MissionWe believe in a world where games can positively transform the lives of billions. We are shaping that future by building communities and tools to inspire and empower gamers to unlock their full potential in web3.BackgroundAt the dawn of the decade, a group of very talented humans connected on the internet and had the idea of mergingblockchain technology with video games. This experiment created a multi-billion-dollar economy speculated by both investors and gamers. With peak daily trades in the billions, the world got its first taste of what we envision to be the future of gaming. Was it a mere stroke of luck or a snapshot of what could be? We believe in the latter. Behind these economies are tens of thousands of communities banding together in their exploration of these blockchain-powered game universes. On this adventure, some of us have found lifelong friends, mentors, job opportunities, and even discovered our life's passions. Others have been thrashed around by the currents of the markets and admitted what we hope to be temporary defeat. Wherever you landed, one thing is clear: there are a myriad of opportunities to be found here. Web3 games have proven to be a catalyst for life-changing opportunities Earn Alliance exists to help cultivate gamers, communities, and games in their exploration of this exciting future. We look forward to shaping the next generation of games with you.
  • Ghost Message — Ghost Message enables users to send an anonymous message to pals in a group chat to flirt, make jokes, or pose queries.
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Payments Investor funding in Estonia at a glance

Stats across 24 deals from 47 investors.

47
investors
in Estonia Payments startups
24
deals
in Estonia Payments startups
$4.3M
median round
in Estonia Payments startups
23%
lead investors
lead at least one round
42%
Seed
most common funding stage
79/21
VC / Angel
share of investor count

Access all 47 investors in Estonia Payments startups.

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