# Top 5 Social Impact VC (Venture Capital) Funds in Estonia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Arteel Ventures | 1 | Finland, Estonia, United States | Seed, Angel | CRM, Mobile Apps, Innovation Management |
| Mercurio | 1 | Estonia | Angel | Communities, Open Source, Social Impact |
| Change Ventures | 1 | Estonia, Lithuania, United States | Seed, Pre-Seed, Series A | Software, Information Technology, Apps |
| Enabling Future | 1 | United Arab Emirates, United States, The Netherlands | Seed, Angel | Software, Information Technology, Health Care |
| Musha Ventures | 1 | United States, Nigeria, Kenya | Seed, Pre-Seed, Series A | Financial Services, Software, FinTech |

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