# Top 50 Sustainability Startup Investors in Estonia in May 2026 ## Superangel - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 5 - 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: 4 - Stages: Seed, Pre-Seed - Focus: Information Technology, Software, FinTech United Angels VC is an early stage venture capital fund based in Estonia. ## Lemonade Stand - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 4 - 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. ## Spring Capital - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 3 - 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. ## Vestman Energia - Type: VC Fund - Location: Viljandi, Viljandimaa, Estonia - Relevant deals: 3 - Stages: Seed, Pre-Seed - Focus: Water, Software, Logistics Our focus changes in the same pace with the surrounding world. If the main concern of the mankind is the food and energy supplies and polluted living environment, the current activities of the companies of Vestman Group thus also focus on these topics. Our vision is to be a sustainable forest manager on one of the Estonian largest private forestpossession. We lease out arable lands, give advice and help to find the best solution based on the partner’s needs. We are starting our journey in Eco-friendly Technology to strengthen our Circular economy way of doing things even further. We value the world we live in and the resources we use in our business. ## Kristjan Raude - Type: Angel - Relevant deals: 3 - Stages: Seed, Pre-Seed, Equity Crowdfunding - Focus: Consumer Electronics, Internet of Things, Software I am a serial entrepreneur and angel investor with 15+ years of international experience in sales & marketing, leading teams of 300+ with annual revenue of 10M+. Founder of 3 international companies and investor to 10+ startups. Member of the board at Estonian Business Angels Network. ## Contrarian Ventures - Type: VC Fund - Location: Vilnius, Vilniaus Apskritis, Lithuania - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Software, Information Technology, Energy We are a hands-on, community-focused and founders vetted early-stage sustainable energy transition focused VC in Europe & Israel ## 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. ## Expansion Capital - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 2 - Stages: Seed, Series A - Focus: Drones, Big Data, Software Expansion Capital AIFP plans to participate in Latvian state-owned development finance institution ALTUM organized next generation fund manager tender, in order to continue to invest and finance mainly perspective Latvian ideas, projects, and companies. ## Ragnar Sass - Type: Angel - Relevant deals: 2 - Stages: Pre-Seed, Seed - Focus: Software, Information Technology, SaaS Ragnar Sass has strongest skill is to find the best people and keep them rocking in speed of 200 km/h. He has organized 20+ Hack-a-thons Garage48 in Eastern Europe + West & East-Africa. He advise other founders and share experience where it could help. ## Change Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - 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. ## Thorgate Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - 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 ## Icebreaker.vc - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 2 - 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. ## Trind Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - 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. ## Martin Villig - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Angel, Pre-Seed - Focus: Software, Information Technology, Education Martin is co-founder of Bolt.eu, Estonian Founders Society, Garage48.org, Good Deed Education Foundation and kood/Jõhvi coding school. Read more from http://martinvillig.com ## Madis Müür - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Equity Crowdfunding, Pre-Seed - Focus: Apps, Smart Building, Marketing Automation Madis Müür ## Sunly - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Pre-Seed, Seed - Focus: Solar, CleanTech, Hardware Sunly creates wind & solar parks by engaging local communities. Also, Sunly boosts cleantech startups via capital, know-how and networks. ## Iron Wolf Capital - Type: VC Fund - Location: Vilnius, Vilniaus Apskritis, Lithuania - Relevant deals: 2 - 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. ## Angel Effect - Type: VC Fund - Location: Kurucesme, Istanbul, Turkey - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, E-Commerce, Mobile We are a team of successful entrepreneurs, corporate leaders and people who know the impact of creating value together. Together, we invest in high-impact, early-stage companies led by amazing teams with global mindset all over the world. ## Norrsken VC - Type: VC Fund - Location: Stockholm, Stockholms Lan, Sweden - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, Food and Beverage, Health Care We are a venture capital fund investigating in Start-Ups solving the worlds biggest problems while building massive businesses. ## Orange DAO - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Cryptocurrency, Blockchain, Software Orange DAO ## Karin Nemec - Type: Angel - Location: Frankfurt, Hessen, Germany - Relevant deals: 1 - Stages: Seed - Focus: FinTech, GreenTech, Health Care Karin Nemec is the Founder and CEO.Karin Nemec attended IESE Business School. ## Greenco Ventures - Type: VC Fund - Relevant deals: 1 - Stages: Pre-Seed - Focus: Renewable Energy, Environmental Engineering Greenco Ventures is an investment firm. ## Prototron - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Grant - Focus: Art, Mobile, Printing Prototron is a start-up fund that gives money to teams for turning their great ideas into the first working prototype. Founded in 2012 by Swedbank, Tallinn Technical University and Tallinn Science Park Tehnopol. We finance teams with high growth potential in areas of Greentech, Electronics, Mechatronics and ICT. We run 3-4 rounds of financingevery year. During last 5 years we've funded 58 startups with over 470'000€ in cash + coaching/incubation services. Our protfolio has generated >4,5 M€ revenue and raised >17'000'000€ capital. These results make Prototron the most productive pre-seed fund in Estonia. Do you want to be part of the success? We seek for: *) New start-up teams who need money for building a prototype. Apply for funding: www.prototron.ee *) Additional partners who want to be part of Estonia's next success stories. ## Eigenkapital - Type: VC Fund - Location: Curitiba, Parana, Brazil - Relevant deals: 1 - Focus: Sustainability, Natural Resources Eigenkapital is an investment firm. ## Ministry of Economic Affairs and Communications for Estonia - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Pre-Seed - Focus: CleanTech, GreenTech, Manufacturing The Ministry of Economic Affairs and Communications intends to promote Estonian enterprises' efficiency and people's prosperity.It also encourages entrepreneurship to have a justifiable price for the efficient transport system, a developing information society, and environmentally friendly energy supply.It was headquartered inTallinn, Harjumaa. ## Warmeston - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Seed - Focus: Natural Resources, Environmental Consulting We value process in our work. Details and experience combined with innovative technology and effectiveness make us your long term partner. ## Master Ventures - Type: VC Fund - Location: Central, Hong Kong Island, Hong Kong - Relevant deals: 1 - Stages: Seed, Initial Coin Offering - Focus: Blockchain, Gaming, Information Technology Master Ventures is a blockchain focused venture studio. We combine visionary ideas, exceptional talent, and investment capital to invest and build the next generation of revolutionary blockchain businesses and products. ## The Spartan Group - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 1 - Stages: Seed, Series A - Focus: Blockchain, Cryptocurrency, Financial Services We advise, invest and build with the best entrepreneurs in Web3. ## Kuldar Väärsi - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Focus: Water, Recycling, Water Purification Kuldar Väärsi is the Founder and CEO at Milrem Robotics. ## Erman Turan - Type: Angel - Relevant deals: 1 - Stages: Seed - Focus: CRM, Apps, Mobile Erman Turan is an investor at Ekmob. ## Honey Badger Capital OÜ - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Seed - Focus: FinTech, GreenTech, Health Care We invest between 50k€ – 150k€ to start-ups along with access to our extensive network and know-how. We work together with an extended group of Pipedrive Angels who have the option to also join the investments we make which can bring the total amount invested up. ## Kaarel Kotkas - Type: Angel - Relevant deals: 1 - Stages: Seed, Series A, Angel - Focus: Gaming, Software, 3D Technology Kaarel Kotkas is a Co-Founder and CEO at Veriff. ## Kaamos - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Pre-Seed - Focus: CleanTech, GreenTech, Manufacturing Kaamos is an investment management firm that invests in the construction, real estate, energy sector, and wood industry. ## Block54 - Type: VC Fund - Location: Warsaw, Mazowieckie, Poland - Relevant deals: 1 - Stages: Seed - Focus: Analytics, Blockchain, Ad Targeting A web3 investment fund. Created by deep believers that magic happens when human ingenuity meets power of software. We invest in ambitious projects looking to make history. ## Gravity Team - Type: VC Fund - Relevant deals: 1 - Stages: Seed - Focus: Analytics, Blockchain, Ad Targeting Trading since 2017, we are a top crypto market maker and liquidity provider to over 1,200 crypto-asset pairs across 25+ exchanges. ## Margus Kohava - Type: Angel - Relevant deals: 1 - Stages: Seed - Focus: Natural Resources, Environmental Consulting Margus Kohava is the head of the Estonian Forest and Wood Industries Association. ## Sie Ventures - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Series B - Focus: CRM, SaaS, Mobile SIE ## Janis Krums - Type: Angel - Location: Riga, Riga, Latvia - Relevant deals: 1 - Stages: Seed, Pre-Seed, Angel - Focus: Big Data, Financial Services, SaaS Janis Krums is a Venture Partner at change ventures. ## Crypto3 Capital - Type: VC Fund - Location: Grand Cayman, Midland, Cayman Islands - Relevant deals: 1 - Stages: Seed, Corporate Round - Focus: Blockchain, Financial Services, Cryptocurrency Damo Labs is a blockchain venture capital institution focusing on value investment ## Triin Hertmann - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: FinTech, Software, E-Commerce Triin Hertmann is founder of Grünfin, a sustainable investment platform, angel investor (mostly in Estonia and Nordics region). She is a former COO at TransferWise and early employee of Skype. ## LD Capital - Type: VC Fund - Location: Shanghai, Shanghai, China - Relevant deals: 1 - 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. ## Big Brain Holdings - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Blockchain, Cryptocurrency, Gaming Big Brain Holdings is Focused on Investing in Solana projects that have strong potential. ## Bangladesh Angels - Type: VC Fund - Location: Dhaka, Dhaka, Bangladesh - Relevant deals: 1 - Stages: Seed, Pre-Seed, Angel - Focus: Supply Chain Management, Fashion, SaaS Bangladesh Angels operates as an angel investing platform. Its mission to nurture innovation and entrepreneurship in Bangladesh, connecting them to both local and global investors. Bangladesh Angels was founded in 2018 and is headquartered in Dhaka, Bangladesh. ## Ahmed Faruk Karslı - Type: Angel - Location: Istanbul, Istanbul, Turkey - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: E-Commerce, Art, Marketing Ahmed Karslı is the chairman of the board at Papara. ## Grid.vc - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: SaaS, Energy, Battery Grid.vc is the first investor in superb teams disrupting the energy business. ## Little Green Fund - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Pre-Seed - Focus: Nanotechnology Little Green Fund invests in companies that are good for the Earth, with teams that can get big things done. ## Andrius Slimas - Type: Angel - Location: Vilnius, Vilniaus Apskritis, Lithuania - Relevant deals: 1 - Stages: Seed - Focus: Information Technology, Cooking, Jewelry Andrius Slimas - CEO and co-founder @ Oberlo, formerly head of web agency Studio4, over ten years experience in ecommerce, dropshipping and software development.Oberlo is a dropshipping solution for ecommerce store-owners. It provides a number of dropshipping automation tools and instant access to millions of products available fordropshipping. ## Superhero Capital - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Information Technology, Internet Early-stage VC searching for the next Superheroes. ## Hartmann Capital - Type: VC Fund - Location: Boca Raton, Florida, United States - Relevant deals: 1 - Stages: Seed Hartmann Capital offers one of the world's first crypto hedge funds to provide accredited investors exposure to Bitcoin and other digital assets in the virtual currency space. # 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