Top 50 Sustainability VC (Venture Capital) Funds in Estonia in October 2023

Portfolio highlights

• Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
• Koos — KOOS is a simple legal and technological solution for motivating and rewarding your community. Boost your growth by sharing success.
• Doublepoint — Solving Next-Generation Interactions. Doublepoint provides future computing platforms more intuitive, robust and versatile interactions.

Portfolio highlights

• VOOL — VOOL is a one-stop shop for uninterrupted EV Charging. Experience chargers that are reliable, save money, and look damn good. Made in Estonia.
• AskToSell — Companies grow revenue faster using AskToSell to automate sales for small deal sizes. Curious how? Get started with a 7-day free trial. Close Small Deals On Autopilot.
• Vok Bikes — E-cargo bicycles perfect for last-mile deliveries and business use cases in the city. Vok Bikes develops and produces electric cargo bikes in Europe.

Portfolio highlights

• Wowflow — Wowflow is a mobile-first collaboration and workflow for facility maintenance teams.
• Grünfin — Grünfin is a sustainable investing platform for people who care about their impact.
• Value.Space — Space based risk assessments & monitoring

Portfolio highlights

• KWOTA — Kwota offers digital validation and trading services for recycled material CO₂ emissions.
• Spacedrip — Spacedrip develops automated water treatment and reuse systems that recycle wastewater back to pure usable water with minimal maintenance. Our systems provide off-grid water without the need for centralized sewage/water solutions.
• RAIKU Packaging — RAIKU is a cleantech startup that produces 100% natural packaging material that has also great looks and shock absorption - most importantly, it gives 15-20 times more volume to its raw material making it one of the most resource efficient material uses in the world with high margins. Both the production is and products are clean making no harm tonature. RAIKU has raised over 1.2mln€ in the pre-seed stage, built a team of over 10 people, its own IP and clients are already using its packaging material. This material will up-end the 1 trillion € packaging sector.

Portfolio highlights

• Uniify — Uniify is a no-code customer onboarding software that makes it fast, easy and secure for financial companies to onboard their customers. Save your business time and money, and build onboarding flows for your customers in minutes instead of months.
• FoodDocs — Globally trusted Food Safety Management System to get and stay compliant. #1 Food Safety software for production, food service, and retail.
• EyeVi Technologies — EyeVi is a provider of road network intelligence with AI-powered on-demand mapping technologies.

Portfolio highlights

• FIS.solutions — Loan Management System | Loan Servicing Software | Lending Software. Instalment loans, mortgages, car leasing & rentals, credit line, business loans, factoring
• Hepta Airborne — Hepta provides automated power grid management and analysis using autonomous drones and powerful analytics software. Visit our website to find out more!

Portfolio highlights

• Aibidia — Discover the Aibidia TXM Platform and our digital transfer pricing applications, eliminating billions of euros in tax inefficiencies and risks.
• Fixably — Fixably is the repair management solution to seamlessly connect all users, from the end customer to the technician, and all repair systems within your service business.
• IPRally — Improve your invalidity, patentability and FTO searches. Easy-to-use patent search web application, powered by unique AI knowledge graph technology.

Portfolio highlights

• ULive — ULive is a digital fitness platform. With ULive, users can develop physically, mentally and spiritually. Indoor Cycling using UBikes, Yoga, Pilates, Stretch, Dance and bUUt (functional body training) classes, which they can attend live every day and whenever they want, using mobile application.
• & New Me — Andnewme is a health platform that serves with the motto "only aesthetics". You can get information about aesthetic treatments and find the doctor you are looking for!
• Njoykidz — njoyKidz was founded in 2021 with the simple idea of creating ad-free and safe game platforms for the kids while they learn. We develop game

Portfolio highlights

• HelioRec — HelioRec is creating simple, powerful floating solar technology for near-shore locations
• Vok Bikes — E-cargo bicycles perfect for last-mile deliveries and business use cases in the city. Vok Bikes develops and produces electric cargo bikes in Europe.
• UP Catalyst — UP Catalyst produces sustainable carbon nanomaterials and graphite for the green energy storage industry.

Portfolio highlights

• 42 Watt — 42 Watt is an energy conservation consultancy which strives to reduce costs, save energy and protect the climate.
• CHOOOSE — CHOOOSE builds digital tools so that everyone, anywhere, can easily integrate climate action into everyday life and business.
• Vianova — Vianova is a platform for managing connected and shared mobility in the urban public realm. It helps cities better manage their urban space, starting with mobility services. Along with the benefits of new mobility solutions, cities face growing challenges as they integrate fast-developing modes of transportation. Its company's technology helpscities and mobility operators better collaborate and communicate, in order to foster more liveable and breathable streets.

Portfolio highlights

• Pynk — Pynk is the Multi-Award Winning London Fintech that rewards you for making predictions on assets like Gold, NASDAQ and Bitcoin. Free sign up, start today!
• FleetFox — UpSteam is a mobile car wash that comes to your home, office, wherever. Pick a time and a location. Our trained Washer will come to you. Get UpSteam and skip the driving and waiting in a carwash.

Portfolio highlights

• Algori — Improving FMCG growth with the fastest and most granular insights from 45,000 shoppers in Spain
• Aerones — Robotic wind turbine service company offering maintenance, inspection and repairs worldwide. Reduce downtime and improve the efficiency of your wind park
• Trace.Space — Engineers develop complex products 10x faster with Trace.Space. Requirements management for the next generation

Portfolio highlights

• Yaga — Yaga is designed for everyone who wants to sell items online in a convenient and secure manner.
• eAgronom — eAgronom helps farmers generate additional revenue streams, improve soil quality, and access better financing.
• My Telescope — My Telescope is the Share of Search analytics tool marketers use to track campaigns and build data-driven branding strategies.

Portfolio highlights

• Speiz — Speiz is a platform that enables revenue generation and sales for companies through the renting of warehousing space.
• Traxlo — We are at the technology and retail industries intersection. Our longtime experience in the industry taught us that only the right innovation has the potential to make a positive impact. Thus we aim to make our solutions as seamless as possible to be able to add only benefits to every worker who uses our apps and to every retail store manager whohas lots on her plate, day in, day out.
• Repsense — Repsense is a data company that mimics user journeys and predicts reactions to content found in search results pages. any of the clients can use the Repsense Index to quickly assess their reputation and compare it to competitors across different geographies and user intents.

Portfolio highlights

• LanguifyAI — Languify is an AI based language learning assistant which analyses, corrects, and tracks a user's spoken and written English across all platforms. The AI assistant prompts feedback and nudges that improve conversations in real-time that enable improvisation on the spot without any delay. It also enables users to learn at their own pace throughpersonalized learning plans and games designed to minimize repetition of errors.
• Granular Energy — Granular Energy provides solutions for managing and trading clean energy. Our tools have been developed to support the recent emergence of 24/7 time-stamped energy certificates as well as traditional "annual" certificates.
• Material Evolution — Material Evolution uses patented geopolymer technology and proprietary algorithms to create the most sustainable materials on the planet.Material Evolution’s first product is a cement mix made from 95% waste using its algorithm technology. Its smart concrete mix is 10X stronger, 5X more durable, and reduces carbon consumption by 85%. Mostimportantly, it’s economically viable for construction companies.

Portfolio highlights

• Waybiller — Waybiller is an e-waybill software that helps you create and store your digital waybills and track your vehicles carrying freight.
• U24 Solutions — U24 Solutions is a software development studio specializing in the creation of immersive experiences through virtual reality. We make real-time, room-scale simulations, employing stunning realism and custom libraries of hyper-detailed 3D objects and environments optimized for the VR experience.
• Hepta Airborne — Hepta provides automated power grid management and analysis using autonomous drones and powerful analytics software. Visit our website to find out more!

Portfolio highlights

• KWOTA — Kwota offers digital validation and trading services for recycled material CO₂ emissions.

Portfolio highlights

• Shardeum — Shardeum is an EVM-based, linearly scalable smart contract platform that maintains low gas fees while providing true decentralization and solid security
• Earn Network — Onboarding millions to make billions in DeFi economy
• Tanssi Network — The Tanssi Network is a permissionless appchain infrastructure protocol designed for swift and effortless deployment of application-specific blockchains.

Portfolio highlights

• RAIKU Packaging — RAIKU is a cleantech startup that produces 100% natural packaging material that has also great looks and shock absorption - most importantly, it gives 15-20 times more volume to its raw material making it one of the most resource efficient material uses in the world with high margins. Both the production is and products are clean making no harm tonature. RAIKU has raised over 1.2mln€ in the pre-seed stage, built a team of over 10 people, its own IP and clients are already using its packaging material. This material will up-end the 1 trillion € packaging sector.

Portfolio highlights

• Cookie3 — Cookie3 is the data engine aggregating, processing, and interpreting all existing NFTs and tokens to understand Web3 users.

Portfolio highlights

• GOMBLE — GOMBLE creates blockchain-based casual games that focus on the game's core fun rather than just playing for the money.
• Credora — XMargin utilizes zero-knowledge proof technology to provide cross-margin, credit, and settlement services for the financial markets. The company was founded in 2019 and is based in San Francisco, California.
• OmniNetwork — OmniNetwork is an Ethereum interoperability protocol, focusing on the field of blockchain technology services.

Portfolio highlights

• MoCaFi — MoCaFi is a developer of a personal finance platform designed to leverage mobile technologies, data analytics, and strategies to improve the financial behaviors of underbanked communities. The company's platform offers financial products and services in the areas of check cashing, custom loans, debit cards, financial literacy, data analytics,and personal finance via its mobile application and financial card, enabling users to check their balance, cash their paychecks and send money safely at no extra cost.
• Inbox Health — Inbox Health is a digital healthcare company that designs a tool to automate bills and give patients additional insights into their charges. Inbox Health's mission is to greatly reduce the administrative waste in healthcare, by streamlining the patient billing and payment experience. Their product is a patient billing and communicationplatform that uses patient data to tailor a billing process specific to the patient’s situation and behavior patterns.
• Zero Labs — Programmable Sustainability. Tools to accelerate the zero-carbon economy. We make it easy to decarbonize your operations and prove it, through open, public proof pages that anyone can check, even programmatically with our API.

Portfolio highlights

• OpenCover — Cover $5,000 from $1.14 per week on leading protocols including Curve, Uniswap, Aave and more. As seen on CoinDesk, Decrypt, The Block, Coin Telegraph.
• Poko — Enable local payments and successful onramping for wallets, NFT marketplaces, web3 games, and dApps globally.
• Mnemonic, Inc — Easily build, ship, and scale powerful NFT applications with Mnemonic's complete, reliable, and real time data and analytics capabilities.

Portfolio highlights

• CYCLE — GetHenry is a rapidly growing subscription service for market-leading delivery companies. We make sure that thousands of couriers are on the move safely, quickly and comfortably every day. In this way, we not only create added value for delivery services, but also help to reduce transport-related CO2 emissions on the last mile.
• Viraltalk — Viraltalk provides a communication management and advertising optimization analysis tool for TikTok.
• ReadyCode.io — ReadyCode.io is software development company.

Portfolio highlights

• Parloa — Parloa is a Conversational AI platform for revolutionary AI technology in customer dialogue and is the ideal answer to increased customer expectations for service quality on more and more channels. Large companies such as ERGO, Decathlon, Swisslife and the German Red Cross automate their most important communication channels with Parloa. Thisallows customer concerns, primarily on the phone, to be identified within seconds and repetitive tasks to be automated. Instead of generating data silos, our customers optimize several service channels simultaneously thanks to unified training data.
• Sifflet — You make important business decision based on your data. Sifflet ensures the data is reliable, traceable and easy to navigate.
• ViridiCO2 — ViridiCO2 technology transforms Carbon Dioxide into a variety of high-value chemical intermediates.

Portfolio highlights

• Macai — Macai offers thousands of high-quality products delivered at your doorstep in a few minutes.Macai is the first Italian company active in the Q-commerce space. Founded by Giovanni Cavallo, serial entrepreneur with a deep background in food delivery, the project is now live in Milan and Turin. Compared to other players in the industry, Macai ismore focused on providing a wider offer than on the speed variable. We aim at building an online full grocer, with more than 7000 skus delivered in less than 45 minutes.
• MAX — Metro Africa Express addresses the last-mile delivery and online-retail problems by using mobile and web platforms to connect consumers, retail businesses, and independent drivers in real-time. They are eliminating all logistics and technology barriers that have historically prevented retail businesses in Africa from realizing their full potential.
• Payflow — Payflow is an employee benefit that companies can offer to their employees. Payflow provides employees instant access to earned salary to improve their financial well-being. Companies benefit from improved productivity and engagement, with no impact on cash-flow.Payflow was founded in 2020, and it is a Rocket Internet backed venture based inSpain.

Portfolio highlights

• UP Catalyst — UP Catalyst produces sustainable carbon nanomaterials and graphite for the green energy storage industry.
• RAIKU Packaging — RAIKU is a cleantech startup that produces 100% natural packaging material that has also great looks and shock absorption - most importantly, it gives 15-20 times more volume to its raw material making it one of the most resource efficient material uses in the world with high margins. Both the production is and products are clean making no harm tonature. RAIKU has raised over 1.2mln€ in the pre-seed stage, built a team of over 10 people, its own IP and clients are already using its packaging material. This material will up-end the 1 trillion € packaging sector.

Portfolio highlights

• Feel — We make the cleanest, potent supplements in the world. Delivered straight to your door. Designed by nutritionists for energy, sleep, stress and hair, skin & nails.
• Whizz — My Device is a subscription-based rental service provider for devices like electric scooters, bicycles, home sports equipment, etc.
• Mobilo Card — Share your contact details with a tap. The best digital business card for teams. This is a real business card, no app. The best and cheapest digital business card.

Portfolio highlights

• Roofit.solar — Our award-winning integrated solar roof combines Nordic design with premium materials and highly efficient solar technology.

Portfolio highlights

• VOOL — VOOL is a one-stop shop for uninterrupted EV Charging. Experience chargers that are reliable, save money, and look damn good. Made in Estonia.
• RAIKU Packaging — RAIKU is a cleantech startup that produces 100% natural packaging material that has also great looks and shock absorption - most importantly, it gives 15-20 times more volume to its raw material making it one of the most resource efficient material uses in the world with high margins. Both the production is and products are clean making no harm tonature. RAIKU has raised over 1.2mln€ in the pre-seed stage, built a team of over 10 people, its own IP and clients are already using its packaging material. This material will up-end the 1 trillion € packaging sector.

Portfolio highlights

• zolar — With the zolar online configurator, homeowners can customise the components of their PV system to suit their individual requirements and receive personal assistance from one of our solar energy experts at the same time. zolar’s extensive network of local partner companies takes care of the installation on site. The Berlin-based start-up employsaround 200 employees across Germany and pursues the vision of installing a PV system on every roof in the world in order to make private households more independent from the mains grid. The dovetailing of energy generation, electricity storage and mobility allows customers to design electrified and smart households. As a next green energy company, zolar enables its customers to become energy providers for their own four walls, neutralise their carbon footprint and, in turn, make an effective contribution to climate protection.
• Pexapark — We make PPAs for renewables simple. Master your wind and solar power purchase agreements and get the tools to manage merchant risk.
• Roofit.solar — Our award-winning integrated solar roof combines Nordic design with premium materials and highly efficient solar technology.

Portfolio highlights

• Glocalzone — Glocalzone is a platform that connects shoppers who want to buy products from abroad and travelers who want to make a profit.

Portfolio highlights

• Grünfin — Grünfin is a sustainable investing platform for people who care about their impact.

Portfolio highlights

• eAgronom — eAgronom helps farmers generate additional revenue streams, improve soil quality, and access better financing.
• KOOL Latvija — "KOOL Latvija" is a new concept gas station created in Latvia, which at the same time is also a convenient fast shopping place.
• Bioreactors.net — Biotechnical center is an innovative company and we provide solutions for industrial biotechnology processes, bioreactor manufacturing and industrial automation. We manufacture bioreactors for laboratory, pilot and industrial scale.

Portfolio highlights

• Loupe — LOUPE is the #1 art streaming platform and service on connected TV and web with an integrated marketplace. The immersive visuals are available in and out of home, ad supported on living room TVs or with a commercial license for public display, and allows users to purchase the artwork, select prints & originals. Loupe launched exclusively onApple TV where it is ranked #1 Lifestyle app around the world, now with 25+ channels of art available on Amazon Fire, Android TV, Pluto TV, Samsung, Comcast Xfinity, Xumo and web streaming, with proprietary methods for user customization of the streams (patent pending). Loupe has 2M monthly active users, 80X audience growth in 2020, and more platforms launching in 2021.The company reaches an upscale mass market in OTT and OOH industries, consumer electronics, smart TV, home theater/home entertainment, interior design, art market, music streaming, and hospitality.
• Fanton — The first P2E Fantasy Football game with Telegram integration
• Balthazar NFT Gaming — Own Your Game! We envision a future where gaming is powered by the players, not held captive by centralised systems.

Portfolio highlights

• Arcade2earn — Arcade2earn is the GameFi platform that gives its community the opportunity to earn access to the ecosystem.
• HitBox Games — HitBox Games was founded by industry veterans to provide dev teams around the world with a transparent and ethical publishing option.
• Aether Games — Aether Games are the creative talent behind both of the widely expected NFT-based game titles: Gates of Ethernity and Cards of Ethernity. In addition, the studio's creative efforts are up to be represented by the CGI mini-series "Aether" and many more.

Portfolio highlights

• One mtn — 1MTN is bridging Africa and carbon markets to combat climate change through carbon removal projects and planting bamboo. Purchase carbon credits or learn about our partnership-oriented funding model for landowners. #actnow #carbonremoval #plantingbamboo

Portfolio highlights

• Patchstack — Protect websites from plugin vulnerabilities with Patchstack. Be first to receive protection from new security vulnerabilities.
• AXDRAFT — AXDRAFT offers on-demand automation of legal processes for enterprise customers, helping them to draft legal documents 10 times faster and avoid mistake. The biggest advantage of AXDRAFT is the ability to roll-out tailored automation for the customer in one week at no cost to the customer. AXDRAFT works with companies, like Carlsberg, BritishAmerican Tobacco, OLX and many other international brands.
• Legal Nodes — Offload your legal tasks to a virtual legal department and get on with running your business. Get started with the Legal Nodes platform for free.

Portfolio highlights

• Airwrk — Expand your technology team with the best of South Asian talents. Hire risk-free with a 14-day trial and no hidden markups.
• Shuttle — Shuttle is a mass-transit startup based in Bangladesh that provides safe transportation at an affordable fare by moving more people with fewer vehicles and caters to both B2B and B2C customers.
• Reverse Resources — The smartest way to deal with leftovers from fashion production

Portfolio highlights

• Optiyol — Optiyol helps freight and passenger transportation operations in cities have increased in volume due to e-commerce and increased urbanization. Legacy route optimization solutions can no longer handle the scale and complexity of these operations and require human intervention which results in overspending for fleet and energy costs and lowercustomer service levels due to late arrivals. Optiyol builds a self-learning optimization engine with comprehensive data models and algorithms to handle all real-life constraints for both efficient and practical route plans. Optiyol's team has over ten years of experience in algorithm engineering and software design with Ph.D. degrees from Georgia Tech.
• Büyütech — Buyutech is an R&D company specializes in developing products and solutions in the fields of camera design, production & image processing.
• Inofab Health — A digital respiratory health platform for chronic conditions such as asthma, COPD and cystic fibrosis.

Portfolio highlights

• Spacedrip — Spacedrip develops automated water treatment and reuse systems that recycle wastewater back to pure usable water with minimal maintenance. Our systems provide off-grid water without the need for centralized sewage/water solutions.

Portfolio highlights

• Improvin' — Improvin' is a sustainability performance platform that helps agri-food companies measure, report and reduce greenhouse gas emissions in their own value chain.
• Tradesnest — Tradesnest is an AI powered B2B SaaS-Marketplace that revolutionises the B2B industry by removing the barriers for brands looking for distributors and retailers to enter new markets. With Tradesnest, getting your innovations on retailers’ shelves in new markets around the world has never been this easy!
• Every Health — Every Health focuses on "holistic, needs-based medical care for the LGBTQIA+ community".

Portfolio highlights

• Roofit.solar — Our award-winning integrated solar roof combines Nordic design with premium materials and highly efficient solar technology.

Portfolio highlights

• RAIKU Packaging — RAIKU is a cleantech startup that produces 100% natural packaging material that has also great looks and shock absorption - most importantly, it gives 15-20 times more volume to its raw material making it one of the most resource efficient material uses in the world with high margins. Both the production is and products are clean making no harm tonature. RAIKU has raised over 1.2mln€ in the pre-seed stage, built a team of over 10 people, its own IP and clients are already using its packaging material. This material will up-end the 1 trillion € packaging sector.

Portfolio highlights

• VSight — VSight is an industrial collaboration and knowledge-sharing platform powered by Augmented Reality to empower the industrial workforce.
• RAIKU Packaging — RAIKU is a cleantech startup that produces 100% natural packaging material that has also great looks and shock absorption - most importantly, it gives 15-20 times more volume to its raw material making it one of the most resource efficient material uses in the world with high margins. Both the production is and products are clean making no harm tonature. RAIKU has raised over 1.2mln€ in the pre-seed stage, built a team of over 10 people, its own IP and clients are already using its packaging material. This material will up-end the 1 trillion € packaging sector.
• DriveX Technologies — DriveX offers a trustworthy self-serviced car inspection software for the used car, insurance and car rental markets.

Portfolio highlights

• Hilo EV — Hilo EV uses AI to scan its surroundings for hazards such as pedestrians and vehicles, and actively applies a number of functions to warn of the danger.
• Crespect — Achieve harmony in legal practice
• ProTec Group — ProTec offers an extension to your engineering and purchase services rather than just another being another supplier. Functional low volume parts that go beyond look and feel.

Portfolio highlights

• Traxlo — We are at the technology and retail industries intersection. Our longtime experience in the industry taught us that only the right innovation has the potential to make a positive impact. Thus we aim to make our solutions as seamless as possible to be able to add only benefits to every worker who uses our apps and to every retail store manager whohas lots on her plate, day in, day out.
• Tapline — Tapline turns your SaaS recurring revenues into fast, transparent and non dilutive growth capital.
• HeavyFinance — A borderless lending marketplace, where farmers meet investors

Portfolio highlights

• Cookie3 — Cookie3 is the data engine aggregating, processing, and interpreting all existing NFTs and tokens to understand Web3 users.
• ShapesXR — ShapesXR is a provider of a web-based platform for content creation and collaboration for VR applications.
• LifeForce Games — LifeForce Games is a blockchain game developer.

Portfolio highlights

• Bioreactor — Bioreactor is a revolutionary technology that converts bio waste into clean energy through biomass gasification. It's a sustainable, efficient and cost-effective solution that addresses energy poverty, energy security and climate change. With the use of the latest technology in computational fluid dynamics, cloud-optimized digital twin anddeep learning algorithms, the Bioreactor can optimize its performance in real-time over a wide range of fuels and operating conditions. The Bioreactor is a game changer in the energy industry, it can reduce greenhouse gas emissions, drastically lower energy costs, and help to alleviate energy poverty on a national scale.
• Safegrid — Smarter sensors for a smarter grid
• Vensum Power — Revolutionizing power conversion. More power in same package, less energy waste and low maintenance.

Portfolio highlights

• GAM3S.GG — Your home of web3 gaming offering game discovery, reviews, guides, news & quests for a full experience.
• Ola — Ola is a ZKVM-based, High-performance, Privacy-focused layer2 platform.
• Earn Network — Onboarding millions to make billions in DeFi economy