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

## Superangel
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 18
- Stages: Seed, Pre-Seed, Series A
- Focus: Artificial Intelligence, Software, FinTech

Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io

## Specialist VC
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 16
- Stages: Seed, Pre-Seed
- Focus: Information Technology, Software, FinTech

United Angels VC is an early stage venture capital fund based in Estonia.

## Tera Ventures
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 16
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Artificial Intelligence, E-Commerce

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.

## Icebreaker.vc
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 14
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

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.

## Lemonade Stand
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 11
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, SaaS, FinTech

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.

## Change Ventures
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 10
- 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.

## Spring Capital
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 9
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, E-Commerce, SaaS

Investments in exceptional teams in the Baltics & Nordics.Our two main focuses include: 1. Startups with a technological edge. Seed stage. Our check size is from €50K up to €200K. With a vast experience in startup building, we typically get hands-on with our advice and help the founders achieve operational excellence. 2. Innovators oftraditional sectors. SMEs with a proven track and strong market position. Clear plans to accelerate the growth. Our investment ticket can be from €300K to €700K to support these aspirations. If you think we have a match, reach out through invest@springcapital.ee.

## Thorgate Ventures
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 8
- Stages: Seed, Pre-Seed
- Focus: Software, SaaS, Information Technology

We invest both capital and our know-how into startups. Join us and let's change the world

## TMT Investments
- Type: VC Fund
- Location: St. Helier, NA - Jersey, Jersey
- Relevant deals: 7
- Stages: Seed, Series A
- Focus: Software, SaaS, Social Media

TMT Investments PLC invests in high-growth technology companies across a number of core specialist sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has invested in over 65 companies to date. The Company’s objective is to generate an attractive rate of return for shareholders,predominantly through capital appreciation. The Company is traded on the AIM market of the London Stock Exchange. www.tmtinvestments.com.

## Karma Ventures
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 7
- Stages: Series A, Seed, Series B
- Focus: Software, Artificial Intelligence, Information Technology

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

## Gorilla Capital
- Type: VC Fund
- Relevant deals: 6
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, Information Technology, SaaS

Gorilla Capital is a Finnish venture capital fund investing in early stage companies that apply technology to solve real business problems of today.

## Trind Ventures
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Software, Information Technology, Analytics

Trind Ventures is an early stage VC fund based in Tallinn, Estonia. Investing in start-ups across Europe, from seed rounds all the way to sustainability, with a focus on ICT. Trind Ventures partners are Joel Aasmäe, Ivar Siimar, Kimmo Irpola and Taavi Lepmets.

## Metaplanet Holdings
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 4
- Stages: Seed, Series A, Series B
- Focus: Artificial Intelligence, Software, Machine Learning

an early-stage investment firm making long-term bets on contrarians and leveraging the knowledge and network across sectors. We back mission-driven founders working on positively disruptive deep technologies.

## Tiny VC
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, SaaS, Artificial Intelligence

Backing great companies when they're tiny

## Earlybird Venture Capital
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 4
- Stages: Series A, Seed, Series B
- Focus: Software, Information Technology, Health Care

Founded in 1997, Earlybird invests in all development and growth phases of technology companies. Among the most experienced venture investors in Europe, Earlybird offers its portfolio companies not only financial resources but also strategic support plus access to an international network and capital markets. With EUR 2 billion under management,eight IPOs and 30 trade sales, Earlybird is one of the most established and active venture capital firms in Europe.

## LIFT99
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 4
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, Information Technology, Legal

LIFT99 is a coworking hub and network of startup founders in Tallinn, Estonia, and Kyiv, Ukraine. In 2018, we launched our Skillsharing Platform for founders around the world.

## Zenith Family Office
- Type: VC Fund
- Relevant deals: 4
- Stages: Pre-Seed
- Focus: Commercial Real Estate, SaaS, B2B

Independent wealth management company devoted to handling the investments and personal needs of wealthy individuals

## Passion Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 4
- Stages: Seed, Series A, Series B
- Focus: Software, FinTech, Financial Services

Passion Capital is an early stage venture capital firm based in London.

## Contriber Ventures
- Type: VC Fund
- Location: Tartu, Tartumaa, Estonia
- Relevant deals: 4
- Stages: Seed, Angel, Series A
- Focus: Software, Apps, 3D Technology

.Cocoon | Hubs | Investments

## EstBAN
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, Information Technology, EdTech

More than just a business angel network Building synergy between startups and angel investors EstBAN is member led organisation committed to finding, funding and mentoring ambitious young companies from pitch through to a successful exit. About estban Latest news Created with Fabric.js 3.5.0 All news For investors Get access to quality pre-selected internationaldeal-flow, and be

## LD Capital
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 3
- Stages: Seed, Initial Coin Offering
- Focus: Blockchain, Cryptocurrency, Gaming

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.

## Iron Wolf Capital
- Type: VC Fund
- Location: Vilnius, Vilniaus Apskritis, Lithuania
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Infrastructure, Manufacturing

We are here to make you succeed! Iron Wolf Capital is an international venture capital firm with an experienced team of professionals with global outlook and strong roots in the Baltics. and a mandate for helping entrepreneurs realise their ideas into successful businesses. 

## Union Square Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 3
- Stages: Series A, Series B, Series C
- Focus: Software, Financial Services, FinTech

Union Square Ventures is a venture capital firm based in New York City.

## Creandum
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 3
- Stages: Series A, Seed, Series B
- Focus: Software, Information Technology, Mobile

We support early-stage founders in building global, category-defining companies. From Seed to IPO and beyond.

## TechOne VC
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Software, SaaS, Information Technology

TechOne VC is a venture capital firm. It invests in innovative tech startups founded by visionary entrepreneurs solving global problems, to deliver superior returns for our investors.

## Inventure
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Software, Information Technology, Health Care

Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more.

## Ukrainian Startup Fund
- Type: VC Fund
- Location: Kyiv, Kyyiv, Ukraine
- Relevant deals: 3
- Stages: Pre-Seed, Seed, Grant
- Focus: Software, Information Technology, SaaS

USF originally set up to promote the development of the local startup ecosystem and today is the largest local angel investor with already 130 funded startups and the most extensive startups database and stakeholders (over 3,000 applications).

## Parallax Ventures
- Type: VC Fund
- Location: São Paulo, Sao Paulo, Brazil
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: FinTech, Financial Services, Bitcoin

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.

## EGIAD Angels
- Type: VC Fund
- Location: Konak, Izmir, Turkey
- Relevant deals: 2
- Stages: Seed, Angel
- Focus: Software, E-Commerce, Information Technology

EGIAD Angels Investment Network is an entrepreneur support system established by Aegean Young Business People Association. Business and venture ideas that meet the specified criteria are presented to potential investors in the system, provided that they are transformed into business plans.

## Decacorn Capital
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 2
- Stages: Seed, Series B
- Focus: Information Technology, Software, Artificial Intelligence

Decacorn Capital is a cross-border venture funding initiative, centred around game changing start-ups, enabled by innovative use of technology and led by high-caliber, resourceful  founders who are out there with the mission to either create a true  delight or solve a real problem.

## Funderbeam
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Equity Crowdfunding
- Focus: Apps, FinTech, Software

Funderbeam is a funding and trading platform that connects companies and investors to buy and sell equity stakes. The platform allows the founders to gain exposure, legal support, a funding manager, or an investor network. It also allows the investors to take control of their investments and trade anytime they want.The company was founded in 2013as a global data platform for startup companies.

## ZBS CAPITAL
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Initial Coin Offering
- Focus: Blockchain, Cryptocurrency, Financial Services

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

## Atomico
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Series A, Series B, Series C
- Focus: Software, Information Technology, Artificial Intelligence

Atomico invests in innovative technology companies around the world.

## NGC Ventures
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Gaming

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.

## Rubio Impact Ventures
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Education, Food and Beverage

We are a venture capital fund investing in world-changing entrepreneurs who unite powerful impact with a scalable commercial business.

## Silberauto
- Type: VC Fund
- Relevant deals: 2
- Stages: Angel
- Focus: Apps, Fitness, Software

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## Insta Ventures
- Type: VC Fund
- Location: Limassol, Limassol, Cyprus
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: E-Commerce, Food and Beverage, Grocery

Insta Ventures is a venture capital firm that has been investing in different IT technology sectors since 2019. Currently, we are looking for tech startups that are in the early stages of development of their products. Our investment team consists of experienced professionals with solid backgrounds in the IT sphere. Our goal is to help ambitiousteams create innovative products, spread them globally, and maintain fast-growing companies.Typically, we invest $100K-500K during a growing stage of a company's lifecycle (seed / late seed / pre-round A), and then help to develop its marketing and sales, as well as prepare the company for the next investment phase.We appreciate co-investments. Let's invest together!

## ZAKA VC
- Type: VC Fund
- Location: Prague, Hlavni mesto Praha, Czech Republic
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Artificial Intelligence, Machine Learning

ZAKA Startups is a private pre-seed and seed venture capital company. It is focused on early-stage software driven investments across the whole EU with primary focus on CEE, DACH and Baltics. ZAKA operates primarily from Prague and Bratislava with scouts in Berlin and Baltic region.

## Magnus Capital
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Initial Coin Offering
- Focus: Blockchain, Cryptocurrency, Gaming

Magnus Capital is a crypto investment firm.

## SquareOne
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, SaaS, E-Commerce

We invest in B2B tech entrepreneurs who are obsessed with solving complex problems in huge markets at pre-seed and seed stage

## Mapleblock Capital
- Type: VC Fund
- Location: Delhi, Delhi, India
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, FinTech

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.

## Black Pearls VC
- Type: VC Fund
- Location: Gdansk, Pomorskie, Poland
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Artificial Intelligence, FinTech

Black Pearls VC is a venture capital firm focusing on Life Quality Technologies. We look for the best entrepreneurs in Poland and the Baltic Sea Region.

## Curiosity VC
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Artificial Intelligence, Information Technology

Investing in the next generation B2B software companies in the Benelux, Nordics & Baltics

## Jsquare
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Blockchain, Cryptocurrency, FinTech

Jsquare is a crypto investment and advisory company, aiming to be the top-tier investment institution in the blockchain industry.

## The Spartan Group
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

We advise, invest and build with the best entrepreneurs in Web3.

## Demium Capital
- Type: VC Fund
- Location: Valencia, Comunidad Valenciana, Spain
- Relevant deals: 2
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, Health Care, Information Technology

Demium is a talent investment company founded in Spain in 2013 with the aim of supporting the best professionals and helping them to carry out successful projects, always with an eminently digital and technological component. In November 2020, it's asset management company, Demium Capital, started operating with a first €50M fund to invest inmore than 75 early-stage startups per year (pre-seed/seed), becoming the most active venture capital fund in Spain. Startups such as Hannun, Voicemod, Swipcar, Citibox, Singularu or Landbot, among others have been created in the incubator. The company is present in five countries: Spain, Portugal, Poland, Ukraine and Czech Republic

## Global Founders Capital
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, Software, FinTech

Over the past two decades, GFC have backed over five hundred entrepreneurs worldwide, e.g. Facebook, LinkedIn, Slack, and Away Travel.

## BlackFin Capital Partners
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Private Equity, Series A, Series B
- Focus: Financial Services, FinTech, Payments

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

## LocalGlobe
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Financial Services, E-Commerce

Seeding ambitious founders at places like @citymapper, @improbableio,@teamkano, @moo, @songkick,@seedcamp, @transferwise and @zoopla since 1999. Who's next?

## BADideas.fund
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: SaaS, FinTech, Software

We are comfortable being the first money in the round. 
Here is how we help founders, what we look for when investing and how to apply:

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