# Top 25 Transportation VC (Venture Capital) Funds in Estonia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Superangel | 7 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, FinTech |
| Thorgate Ventures | 4 | Estonia, United Kingdom, Norway | Seed, Pre-Seed | Software, SaaS, Information Technology |
| Specialist VC | 3 | Estonia, United Kingdom, United States | Seed, Pre-Seed | Information Technology, Software, FinTech |
| Bellone Invest | 2 | Estonia, Singapore, United States | Pre-Seed, Angel, Convertible Note | Software, SaaS, Music |
| Funderbeam | 2 | Estonia, United Kingdom | Seed, Pre-Seed, Equity Crowdfunding | Apps, FinTech, Software |
| Angelsdeck Global Ventures | 2 | United States, Russian Federation, United Kingdom | Seed, Angel, Pre-Seed | Mobile Apps, Software, Education |
| Contrarian Ventures | 2 | Lithuania, United Kingdom, Estonia | Seed, Series A, Pre-Seed | Software, Information Technology, Energy |
| Spring Capital | 2 | Estonia, Finland, United Kingdom | Seed, Pre-Seed, Series A | Software, E-Commerce, SaaS |
| Metaplanet Holdings | 2 | United States, United Kingdom, Estonia | Seed, Series A, Series B | Artificial Intelligence, Software, Machine Learning |
| Expansion Capital | 2 | Latvia, Estonia | Seed, Series A | Drones, Big Data, Software |
| Lemonade Stand | 2 | Estonia, India, Poland | Seed, Pre-Seed, Angel | Software, SaaS, FinTech |
| Tera Ventures | 1 | Estonia, United States, United Kingdom | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, E-Commerce |
| Initialized Capital | 1 | United States, Canada, United Kingdom | Seed, Series A, Series B | Software, SaaS, Health Care |
| Sberbank | 1 | Russian Federation, United States, The Netherlands | Seed, Corporate Round | Internet, Information Technology, E-Commerce |
| International Finance Corporation | 1 | India, Brazil, United States | Debt Financing, Series B | Financial Services, FinTech, Finance |
| TMT Investments | 1 | United States, United Kingdom, Estonia | Seed, Series A | Software, SaaS, Social Media |
| Stagnation Lab | 1 | Estonia | Angel | SaaS, Software, Procurement |
| Vestman Energia | 1 | Estonia | Seed, Pre-Seed | Water, Software, Logistics |
| Bain Capital | 1 | United States, China, India | Private Equity, Series B | Software, Financial Services, Health Care |
| Pulsar Venture Capital | 1 | Russian Federation, United States, Ireland | Seed, Pre-Seed | Software, Internet, Information Technology |
| Correlation Ventures | 1 | United States, Canada, Estonia | Seed, Series A, Series B | Software, Health Care, Information Technology |
| Lux Capital | 1 | United States, Canada, United Kingdom | Series A, Seed, Series B | Software, Health Care, Biotechnology |
| Ambient Sound Investments | 1 | Estonia, United States, United Kingdom | Seed, Series A | Internet, Software, E-Commerce |
| RubyLight | 1 | Estonia, Germany, United Kingdom | Seed, Series A | Apps, Mobile, Local |
| Concentric | 1 | United Kingdom, United States, Norway | Seed, Series A, Series B | Financial Services, Software, E-Commerce |

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