# Top 50 SaaS VC (Venture Capital) Funds in Estonia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Superangel | 20 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, FinTech |
| Icebreaker.vc | 19 | Finland, Estonia, Sweden | Pre-Seed, Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Specialist VC | 18 | Estonia, United Kingdom, United States | Seed, Pre-Seed | Information Technology, Software, FinTech |
| Tera Ventures | 16 | Estonia, United States, United Kingdom | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, E-Commerce |
| Lemonade Stand | 13 | Estonia, India, Poland | Seed, Pre-Seed, Angel | Software, SaaS, FinTech |
| Change Ventures | 12 | Estonia, Lithuania, United States | Seed, Pre-Seed, Series A | Software, Information Technology, Apps |
| Spring Capital | 9 | Estonia, Finland, United Kingdom | Seed, Pre-Seed, Series A | Software, E-Commerce, SaaS |
| Thorgate Ventures | 9 | Estonia, United Kingdom, Norway | Seed, Pre-Seed | Software, SaaS, Information Technology |
| Karma Ventures | 8 | Estonia, Sweden, Finland | Series A, Seed, Series B | Software, Artificial Intelligence, Information Technology |
| Trind Ventures | 7 | Estonia, Finland, Latvia | Seed, Series A | Software, Information Technology, Analytics |
| TMT Investments | 7 | United States, United Kingdom, Estonia | Seed, Series A | Software, SaaS, Social Media |
| Gorilla Capital | 6 | Finland, Estonia, Sweden | Pre-Seed, Seed, Series A | Software, Information Technology, SaaS |
| Passion Capital | 5 | United Kingdom, United States, Estonia | Seed, Series A, Series B | Software, FinTech, Financial Services |
| LIFT99 | 5 | Estonia, United Kingdom, El Salvador | Pre-Seed, Seed, Series A | Software, Information Technology, Legal |
| Ukrainian Startup Fund | 4 | Ukraine, United States, Estonia | Pre-Seed, Seed, Grant | Software, Information Technology, SaaS |
| Contriber Ventures | 4 | Estonia, Finland, Germany | Seed, Angel, Series A | Software, Apps, 3D Technology |
| Ambient Sound Investments | 4 | Estonia, United States, United Kingdom | Seed, Series A | Internet, Software, E-Commerce |
| Tiny VC | 4 | United Kingdom, Germany, United States | Seed, Pre-Seed, Series A | Software, SaaS, Artificial Intelligence |
| Zenith Family Office | 4 | Estonia, United States | Pre-Seed | Commercial Real Estate, SaaS, B2B |
| Metaplanet Holdings | 4 | United States, United Kingdom, Estonia | Seed, Series A, Series B | Artificial Intelligence, Software, Machine Learning |
| Earlybird Venture Capital | 4 | Germany, United States, United Kingdom | Series A, Seed, Series B | Software, Information Technology, Health Care |
| TechOne VC | 3 | Turkey, United States, Estonia | Seed, Pre-Seed | Software, SaaS, Information Technology |
| Iron Wolf Capital | 3 | Lithuania, Estonia, United Kingdom | Seed, Pre-Seed, Series A | Software, Infrastructure, Manufacturing |
| LD Capital | 3 | United States, Singapore, United Kingdom | Seed, Initial Coin Offering | Blockchain, Cryptocurrency, Gaming |
| Creandum | 3 | Sweden, Germany, United States | Series A, Seed, Series B | Software, Information Technology, Mobile |
| Union Square Ventures | 3 | United States, United Kingdom, Germany | Series A, Series B, Series C | Software, Financial Services, FinTech |
| Inventure | 3 | Finland, Sweden, Denmark | Seed, Series A | Software, Information Technology, Health Care |
| EstBAN | 3 | Estonia, Latvia, Lithuania | Seed, Pre-Seed, Angel | Software, Information Technology, EdTech |
| Black Pearls VC | 3 | Poland, United States, United Kingdom | Seed, Pre-Seed | Software, Artificial Intelligence, FinTech |
| Token Ventures | 2 | Estonia, France, Switzerland | Seed, Pre-Seed | Blockchain, Cryptocurrency, Gaming |
| Rubio Impact Ventures | 2 | The Netherlands, United States, United Kingdom | Seed, Series A | Software, Education, Food and Beverage |
| Excellent Business Solutions | 2 | Estonia | Angel | Apps, Fitness, Software |
| Silberauto | 2 | Estonia | Angel | Apps, Fitness, Software |
| BlackFin Capital Partners | 2 | France, Germany, Denmark | Private Equity, Series A, Series B | Financial Services, FinTech, Payments |
| Gateway Ventures (formerly primeCROWD) | 2 | Germany, Austria, Estonia | Seed, Series A | Software, Machine Learning, Artificial Intelligence |
| Hummingbird Ventures | 2 | United States, Turkey, United Kingdom | Series A, Seed, Series B | Software, E-Commerce, Financial Services |
| Rockaway Capital | 2 | Czech Republic, Germany, United States | Seed, Series A | E-Commerce, Software, Fashion |
| The Spartan Group | 2 | United States, Singapore, United Kingdom | Seed, Series A | Blockchain, Cryptocurrency, Financial Services |
| 42CAP | 2 | Germany, France, Sweden | Seed, Series A, Series B | Software, SaaS, Artificial Intelligence |
| Shima Capital | 2 | United States, United Kingdom, Singapore | Seed, Pre-Seed | Blockchain, Cryptocurrency, Gaming |
| Presto Ventures | 2 | Czech Republic, Georgia, Lithuania | Seed, Pre-Seed, Series A | Software, SaaS, Information Technology |
| Curiosity VC | 2 | Finland, The Netherlands, Denmark | Seed, Pre-Seed, Series A | Software, Artificial Intelligence, Information Technology |
| StartersHub | 2 | Turkey, United States, Latvia | Seed, Pre-Seed, Convertible Note | Software, Artificial Intelligence, Information Technology |
| EGIAD Angels | 2 | Turkey, Estonia | Seed, Angel | Software, E-Commerce, Information Technology |
| Mosaic Ventures | 2 | United Kingdom, United States, Germany | Series A, Series B | Software, FinTech, Information Technology |
| ZBS CAPITAL | 2 | United States, Singapore, India | Seed, Initial Coin Offering | Blockchain, Cryptocurrency, Financial Services |
| Mapleblock Capital | 2 | Singapore, Switzerland, United States | Seed, Series A | Blockchain, Cryptocurrency, FinTech |
| Insta Ventures | 2 | United States, Estonia, France | Seed, Pre-Seed | E-Commerce, Food and Beverage, Grocery |
| NordicNinja VC | 2 | Finland, Sweden, Estonia | Series A, Series B, Series C | Information Technology, Software, Transportation |
| Parallax Ventures | 2 | Brazil, Estonia, United States | Seed, Series A, Series B | FinTech, Financial Services, Bitcoin |

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co