# Top 50 Software Angel Investors in Estonia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Jaan Tallinn | 12 | United States, Estonia, United Kingdom | Seed, Series A | Software, Artificial Intelligence, Internet |
| Martin Villig | 8 | Estonia, Spain, South Africa | Seed, Angel, Pre-Seed | Software, Information Technology, Education |
| Sten Tamkivi | 8 | Estonia, United States, United Kingdom | Seed, Pre-Seed, Series A | Software, Financial Services, Artificial Intelligence |
| Kristjan Raude | 7 | Estonia, United States | Seed, Pre-Seed, Equity Crowdfunding | Consumer Electronics, Internet of Things, Software |
| Martin Tajur | 7 | Estonia, Poland, Ukraine | Pre-Seed, Seed, Angel | Software, SaaS, Recruiting |
| Ragnar Sass | 7 | Estonia, United States, United Kingdom | Pre-Seed, Seed | Software, Information Technology, SaaS |
| Timo Rein | 6 | Estonia, Finland, United Kingdom | Seed, Angel, Convertible Note | Software, Artificial Intelligence, Human Resources |
| Andrus Purde | 6 | Estonia, United Kingdom, Cyprus | Seed, Pre-Seed | Software, Public Transportation, Internet |
| Martin Henk | 6 | Estonia, United States, United Kingdom | Pre-Seed, Seed, Angel | Software, SaaS, Information Technology |
| Kaarel Kotkas | 5 | Estonia, United Kingdom | Seed, Series A, Angel | Gaming, Software, 3D Technology |
| Kristjan Vilosius | 5 | Estonia, South Africa, United States | Seed, Angel, Pre-Seed | Software, Information Technology, E-Commerce |
| Taavet Hinrikus | 4 | United Kingdom, United States, Estonia | Seed, Series A, Series B | FinTech, Financial Services, Software |
| Ahti Heinla | 4 | Estonia, United States | Seed, Angel, Series A | Internet, Project Management, Software |
| Mikko Silventola | 4 | Estonia, United States, Finland | Seed, Pre-Seed, Angel | E-Commerce, Transportation, Apps |
| Märt Kelder | 4 | Estonia, Bangladesh, The Netherlands | Seed, Angel, Pre-Seed | Public Transportation, Software, Apps |
| Peep Vain | 4 | Estonia | Seed, Angel | Software, Genetics, Recruiting |
| Taavi Kotka | 3 | Estonia | Pre-Seed, Seed, Angel | Electronics, Battery, FinTech |
| Alvar Lumberg | 3 | Estonia | Seed | Software, FinTech, GreenTech |
| Veljo Toodo | 3 | Estonia | Angel, Pre-Seed | Apps, Fitness, Software |
| Kuido Lepik | 3 | Estonia | Seed, Pre-Seed | Apps, GPS, Pet |
| Andres Kull | 3 | Estonia | Seed, Series A | AgTech, Farming, Software |
| Marek Kiisa | 3 | Estonia, United States, Finland | Seed, Series A, Pre-Seed | Software, Information Technology, Artificial Intelligence |
| hi VC | 3 | Turkey, Estonia, United States | Seed, Pre-Seed | Software, Artificial Intelligence, Information Technology |
| Toomas Kont | 2 | Estonia | Angel, Pre-Seed | Apps, Fitness, Software |
| Joachim Hedenius | 2 | Sweden, Estonia, Germany | Seed, Pre-Seed, Series A | Gaming, Augmented Reality, Virtual Reality |
| Markus Villig | 2 | Estonia, Poland, Ukraine | Seed, Angel | E-Commerce, FinTech, Financial Services |
| Arvi Tavast | 2 | Estonia | Seed, Angel | AgTech, Farming, Software |
| Taavi Lepmets | 2 | Latvia, Estonia, United States | Seed, Angel | Software, Human Resources, Apps |
| Sebastien Borget | 2 | United States, France, The Netherlands | Seed, Series A, Pre-Seed | Blockchain, Cryptocurrency, Gaming |
| Vitaly Rubstein | 2 | Estonia, United States | Seed, Angel | Human Resources, Apps, SaaS |
| Oliver Ahlberg | 2 | Estonia | Seed, Angel | Information Technology, Software, SaaS |
| Akim Arhipov | 2 | Estonia, Sweden | Seed, Pre-Seed | Software, iOS, Apps |
| Ott Kaukver | 2 | United States, Estonia, United Kingdom | Series A, Seed, Pre-Seed | Software, Financial Services, SaaS |
| Priit Kasesalu | 2 | Estonia | Seed | iOS, Apps, Email |
| Aydın Mizrahi | 2 | Turkey, Estonia | Seed, Pre-Seed | Software, InsurTech, Logistics |
| Batuhan Gültakan | 2 | Estonia | Seed, Pre-Seed | Software, Crowdsourcing, Computer Vision |
| Christopher Sier | 2 | Estonia | Seed, Pre-Seed | Education, Recruiting, Professional Services |
| Toomas Bergmann | 2 | Estonia | Seed, Angel | Hardware, Mobile Apps, Construction |
| Janno Oja | 2 | Estonia | Angel, Pre-Seed | Apps, Fitness, Software |
| Joakim Karske | 2 | Estonia | Seed, Pre-Seed | Education, Recruiting, Professional Services |
| Triin Hertmann | 2 | Estonia | Seed, Pre-Seed | FinTech, Software, E-Commerce |
| Engin Gürsöz | 2 | Estonia | Seed, Pre-Seed | Software, Crowdsourcing, Computer Vision |
| Urmas Purde | 2 | Estonia | Angel | Software, Recruiting, Human Resources |
| Indrek Prants | 2 | Estonia | Seed, Series A | Education, Recruiting, Professional Services |
| Yiğit Barış Şemin | 2 | Estonia | Seed, Pre-Seed | Software, Crowdsourcing, Computer Vision |
| Emre Kozlu | 2 | Turkey, Estonia | Seed, Pre-Seed | Software, Artificial Intelligence, InsurTech |
| Taavi Tamkivi | 2 | Estonia, Latvia, United Kingdom | Seed, Angel, Pre-Seed | Financial Services, Software, AgTech |
| Madis Müür | 2 | Estonia, United States | Seed, Equity Crowdfunding, Pre-Seed | Apps, Smart Building, Marketing Automation |
| Taavi Madiberk | 2 | Estonia | Seed, Angel | Information Technology, Software, SaaS |
| Marvin Liao | 1 | United States, France, Latvia | Pre-Seed, Seed, Series A | Software, Artificial Intelligence, Information Technology |

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