# Top 50 VC (Venture Capital) Funds in Estonia in May 2026 ## Superangel - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 33 - 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: 28 - 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: 23 - 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. ## Lemonade Stand - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 22 - 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. ## Icebreaker.vc - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 20 - 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. ## Change Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 19 - 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: 12 - 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 ## Spring Capital - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 10 - 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. ## Karma Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 10 - 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. ## TMT Investments - Type: VC Fund - Location: St. Helier, NA - Jersey, Jersey - Relevant deals: 8 - 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. ## Ambient Sound Investments - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 8 - Stages: Seed, Series A - Focus: Internet, Software, E-Commerce Ambient Sound Investments (ASI) was established in 2003 as an equal partnership by four founding engineers at Skype to hold a minority stake in Skype. At the end of 2005 ASI sold its Skype shares to eBay and now operates as a private investment vehicle. ## Gorilla Capital - Type: VC Fund - Relevant deals: 7 - 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. ## Passion Capital - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 7 - Stages: Seed, Series A, Series B - Focus: Software, FinTech, Financial Services Passion Capital is an early stage venture capital firm based in London. ## Trind Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 7 - 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: 6 - 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. ## Sunly - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 5 - 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. ## LIFT99 - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 5 - 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. ## Iron Wolf Capital - Type: VC Fund - Location: Vilnius, Vilniaus Apskritis, Lithuania - Relevant deals: 5 - 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. ## Contrarian Ventures - Type: VC Fund - Location: Vilnius, Vilniaus Apskritis, Lithuania - Relevant deals: 4 - 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 ## 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 ## Enterprise Estonia - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 4 - Stages: Grant, Seed, Pre-Seed - Focus: Mobile Apps, CleanTech, Manufacturing Enterprise Estonia (EAS), established in 2000, promotes business and regional development in Estonia. Enterprise Estonia is one of the largest institutions within the national support system for entrepreneurship, providing financial assistance, advisory, cooperation opportunities and training for entrepreneurs, research establishments, public andthird sector. ## EstBAN - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 4 - 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 ## Inventure - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 4 - 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: 4 - 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). ## Shima Capital - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 4 - Stages: Seed, Pre-Seed - Focus: Blockchain, Cryptocurrency, Gaming Shima Capital is an investment fund that focuses on supporting cutting-edge blockchain startups. The firm is headquartered in San Francisco, California, United States. ## BlackFin Capital Partners - Type: VC Fund - Location: Paris, Ile-de-France, France - Relevant deals: 4 - 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. ## Vestman Energia - Type: VC Fund - Location: Viljandi, Viljandimaa, Estonia - Relevant deals: 4 - 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. ## 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 ## AU21 Capital - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 4 - Stages: Seed, Initial Coin Offering - Focus: Blockchain, Cryptocurrency, Financial Services A fund dedicated to backing the most brilliant minds in the blockchain space ## 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. ## Cryptomeria Capital - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 4 - Stages: Seed - Focus: Blockchain, FinTech, Cryptocurrency We help you to enter the Chinese crypto market. We invest in blockchain projects. ## ff Venture Capital - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 4 - Stages: Seed, Series A - Focus: Software, Information Technology, Artificial Intelligence ff Venture Capital (ffVC) is a technology venture capital firm investing in some of the strongest growth areas to date, including cybersecurity, artificial intelligence, machine learning, drones, enterprise cloud software, and crowdfunding. The firm identifies and invests in technology and technology-enabled companies at its inception acrossgeographies and emerging industries. With three partners and an acceleration team of 20+ investment and operations professionals, ffVC actively participates with founders to develop products, target markets, and accelerate growth. Since 2008, ffVC has invested in over 100 companies and has helped to create companies with an aggregate market value exceeding $6 billion. ## Verge HealthTech Fund - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 4 - Stages: Seed, Pre-Seed - Focus: Health Care, Medical Device, Medical We make early investments in global healthcare technology companies that address prevention, disease management and health system efficiency that are relevant to emerging Asia​They believe that innovation can happen anywhere, from the streets of Dhaka to the labs of Oxford, however without the right support network, these solutions might notscale, or find the best world-changing application. This is where they can help. ## 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 ## 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. ## Superhero Capital - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 3 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Information Technology, Internet Early-stage VC searching for the next Superheroes. ## ZBS CAPITAL - Type: VC Fund - Relevant deals: 3 - Stages: Seed, Initial Coin Offering - Focus: Blockchain, Cryptocurrency, Financial Services ZBS Capital - distinguished crypto venture fund, backed by major media resources including CryptoDiffer. ## Decacorn Capital - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 3 - 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. ## The Spartan Group - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 3 - Stages: Seed, Series A - Focus: Blockchain, Cryptocurrency, Financial Services We advise, invest and build with the best entrepreneurs in Web3. ## Digital Strategies - Type: VC Fund - Relevant deals: 3 - Stages: Seed, Initial Coin Offering - Focus: Blockchain, Cryptocurrency, Financial Services Blockchain & Gaming Investments, Value add advisory. ## Black Pearls VC - Type: VC Fund - Location: Gdansk, Pomorskie, Poland - Relevant deals: 3 - 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. ## 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. ## Yolo Investments - Type: VC Fund - Relevant deals: 3 - Stages: Seed, Series A - Focus: Information Technology, Cryptocurrency, Internet Yolo Investments is a venture capital, focused on seed- and A-stage investment opportunities across gaming and fintech. Based in Estonia, Yolo’s mission is to invest in outstanding people with bright ideas, who are focused on innovating and disrupting the norm in all manner of tech startups. Founded in 2017 by Tim Heath as Vereeni Investments,Yolo has created a thriving ecosystem with ventures across a variety of industries, including fintech, gambling, media, software development, crypto and blockchain-related companies. ## Genblock Capital - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 3 - Stages: Seed, Initial Coin Offering - Focus: Blockchain, Cryptocurrency, Gaming Genblock Capital invests exclusively in blockchain and cryptocurrency, with a focus on decentralized finance. ## NGC Ventures - Type: VC Fund - Relevant deals: 3 - 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. ## 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. ## 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. ## Blockchain Founders Fund - Type: VC Fund - Location: Singapore, Central Region, Singapore - Relevant deals: 3 - Stages: Seed, Pre-Seed - Focus: Blockchain, Cryptocurrency, Financial Services We Focus Exclusively On Adding Value To Blockchain & Emerging Technology Projects With Real World Applications. ## BADideas.fund - Type: VC Fund - Relevant deals: 3 - 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: ## Pinto Ventures - Type: VC Fund - Location: Zug, Zug, Switzerland - Relevant deals: 3 - Stages: Pre-Seed, Seed, Angel - Focus: Financial Services, FinTech, Software We provide the capital, the time and support you need to build your most ambitious and successful business # 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