# Top 10 Social Impact Startup Investors in Estonia in May 2026

## Hubertus Thonhauser
- Type: Angel
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 1
- Stages: Seed, Angel, Series A
- Focus: Mobile, Mobile Apps, E-Commerce

Hubertus Thonhauser - Managing Partner @ Enabling Future

## Change Ventures
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, Apps

We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.

## Musha Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, Software, FinTech

Seed capital for technology startups globally.

## Martin Tajur
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Angel
- Focus: Software, SaaS, Recruiting

Martin Tajur is the co-founder of Pipedrive.

## Martin Henk
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Angel
- Focus: Software, SaaS, Information Technology

Martin Henk is the Co-founder of Pipedrive.

## Enabling Future
- Type: VC Fund
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 1
- Stages: Seed, Angel
- Focus: Software, Information Technology, Health Care

Enabling Future (EF) is a sector agnostic, family office backed Venture Capital firm head quartered in Dubai. EF provides seed and early stage funding to entrepreneurs who challenge conventional wisdom and look to create true disruption. Our goal is to enable entrepreneurs to build companies of the future. We provide our portfolio companies withcapital, experience, strategy and network.

## Mercurio
- Type: VC Fund
- Relevant deals: 1
- Stages: Angel
- Focus: Communities, Open Source, Social Impact

Mercurio is specialized in sleep-disordered breathing devices sales in Baltic states.

## Arvi Tavast
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Angel
- Focus: AgTech, Farming, Software

Arvi Tavast is the Director at Institute of the Estonian Language.

## Arteel Ventures
- Type: VC Fund
- Location: Espoo, Southern Finland, Finland
- Relevant deals: 1
- Stages: Seed, Angel
- Focus: CRM, Mobile Apps, Innovation Management

Arteel Ventures is a fully independent and invests from its balance sheet. As an investment vehicle, we are focused on innovative early stage start-ups with capable management team and disruptive idea in areas of internet, mobile device based services and solutions. We make investments between 25.000 – 150.000 €.Arteel Ventures is not a fund, sowe don’t have a need to stamp any sell before dates to company we invest in. We invest not only equity but also our time, knowledge and network to the use of our portfolio companies. Our investment approach is active and hands-on, as is our approach to ownership. We believe in independence, openness and clarity when partnering with entrepreneur-driven management teams.

## Pascal Christian Weinberger
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Series A, Seed, Angel
- Focus: EdTech, Software, Communities

Pascal Christian Weinberger - CEO & Co-Founder @ Bardeen

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