Top 50 Web3 VC Funds & Investors in Estonia (October 2023)

Portfolio highlights

• MetaMundo — MetaMundo is the destination for collecting unique 3D avatars ready to use across games, VR/AR, social media and the metaverse.
• Tradelize — Tradelize is LinkedIn for crypto traders and investors backed by real trading stats. Here anyone can find a way to increase their returns on the cryptocurrency market.
• IQ Labs — IQ Marketplace offers unique NFTs with exclusive utilities, boosting your in-game experience. With flexible renting parameters and multiple payment options, rent without collateral and unlock the full utility of NFTs. Say goodbye to gas fees with our gasless renting feature and multiply the value of NFT collections with our multi-utility renting. Explore now

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

Portfolio highlights

• D3 — D3 - DNS Domains for Web3
• jiritsu.network — Jiritsu is a decentralized protocol enabling verifiable compute.
• Mythic Protocol — Mythic Protocol is an entertainment company that develops games, media and platforms.

Portfolio highlights

• Joystream — JoyStream is a blockchain powered decentralized media distribution, curation, discovery, and monetization platform.
• Webb Protocol — Welcome to Webb, an ecosystem of infrastructures and applications designed to extend privacy to the blockchain space. We are committed to a future where privacy is accessible for all in the multi-chain world.
• Minterest — Minterest is a cross-chain decentralized money market lending protocol for decentralized financial. Its unique design attracts and rewards long-term liquidity with Minterest distributing value captured by the protocol to MNT token holders who actively participate in its governance. Minterest was founded in 2020 and is based in Tallin, Estonia.

Portfolio highlights

• Wert — Making purchasing of NFTs seamless and not requiring users to have crypto.
• Klavi — Klavi specializes in data analytics and open data connectivity that receives data securely, quickly, and scalable through a single API.
• CAF — We are specialists in combating identity theft and people trying to impersonate others.

Portfolio highlights

• NFT3 — NFT3s will become a direct monetization path for individuals to associate value on their terms with various aspects of their data journeys through life with different projects, individuals, social networks, companies, and institutions.
• Bitcoin.com — The world's gateway to Bitcoin & cryptocurrency. Buy, sell, spend, swap, and invest in BTC, ETH, BCH, AVAX, MATIC & hundreds more digital assets. Stay informed about crypto, DeFi, and Web3.
• Neo Financial — At Neo, we're innovating to make saving, spending and getting rewarded even more rewarding.

Portfolio highlights

• Cookie3 — Cookie3 is the data engine aggregating, processing, and interpreting all existing NFTs and tokens to understand Web3 users.
• Deliq Finance — Deliq Finance is a decentralized liquidity provisioning protocol that provides outsourcing services for the Avalanche ecosystem.
• Swell — Swell Network is a permissionless, non-custodial, and liquid ETH staking protocol that is built for stakers, node operators, and the Ethereum ecosystem. A community-driven and open-source protocol backed by the industry’s leading funds and angels.

Portfolio highlights

• AIKON — AIKON is simplifying blockchain technology and providing intuitive products and services for enterprise companies.
• Chain Reaction — Chain Reaction is engineering the future of disruptive blockchain and privacy technologies by accelerating compute and mining hardware performance.
• Horizon Blockchain Games — We make web3 easy, fun, and accessible for users and builders.

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

• Elusiv — Elusiv offers compliance in mind with next-generation privacy solutions for a better Web3.
• Swipelux — Swipelux is a payment gateway widget, that enables the end-user to buy crypto using his credit/debit card. Swipelux is B2B focus, with the ability to integrate this fast, safe and flexible widget into all kinds of Websites, Crypto exchanges, Crypto wallets, Defi, NFT marketplaces.
• Legends of Elysium — Legends of Elysium is a fantasy Free-To-Play fusion of Card & Board Game enhanced with strategic elements.

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
• Neptune Mutual — Need Crypto Insurance? You don't need to submit loss proof to receive payouts. No need to wait after creating a claim. Get a free price quote now.
• Ready — Compete in mobile games to WIN cash!

Portfolio highlights

• Nillion — The Secure Processing Layer of Web3
• The Unfettered — The Unfettered is a blockchain PC game.
• Cryption Network — Cryption Network is crypto company. Its can swap, farm, Invest and predict with cryption's unique and user-friendly DeFi 2.0 products. Bringing mass adoption to DeFi. PolyDEX is cryption's flagship product, which is completely gasless, instant, cross-chain AMM DEX with yield farming.

Portfolio highlights

• Brine.fi — The best onchain spot trading crypto exchange
• Gleen AI — Delight your customers. Get Gleen, the world's most accurate & capable generative AI-based chatbot. Trustworthy answers. Automatic actions. Unify knowledge.
• Catalyst — Contributing to Catalyst, the permissionless liquidity layer for modular chains.

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

• Rainmaker Games — The free global platform to play hundreds of play-to-earn games - connecting gamers, games, and guilds worldwide.
• Collectibles.com — Collectibles.com is a Web3 community and marketplace for collectors and the worldwide collectibles sector.
• Immortal Game — Immortal Game is a play-and-earn, free-to-play, Immortal game that introduces a layer of strategy to the most played board game.

Portfolio highlights

• Itheum — As we enter the web3 and metaverse era; Itheum unlocks data silos and generates new value for your data.
• MeMusic — MeMusic is a blockchain NFT music service platform that uses blockchain technology to provide users with a music ecosystem experience.
• The Unfettered — The Unfettered is a blockchain PC game.

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

• Soulbound — Saga is a decentralized gaming community that aims to improve and grow the metaverse by creating a chain-agnostic market infrastructure.
• Amulet Protocol — Simple, Reliable Cover For Everyone in Web3
• Xverse — Xverse is the most advanced and user-friendly Bitcoin wallet. Earn BTC, trade Ordinals, and connect to Web3 apps powered by Stacks. Download for iOS, Android and Chrome.

Portfolio highlights

• Linera — Linera is the power of decentralization for everyone, everywhere.
• Ledger — Secure your crypto assets such as Bitcoin, Ethereum, XRP, Monero and more. Give yourself peace of mind by knowing that your cryptocurrencies are safe
• Earn Network — Onboarding millions to make billions in DeFi economy

Portfolio highlights

• Giza — Giza changes this by using zero-knowledge cryptography to bring model inferencing on-chain, unlocking a new depth for smart contract design.
• P0x Labs — P0x labs is the team behind Manta Network is a privacy-preserving technology operating on the Polkadot blockchain.
• Superstate — Superstate is developing the next generation of legal, blockchain-based financial solutions.

Portfolio highlights

• Legends of Elysium — Legends of Elysium is a fantasy Free-To-Play fusion of Card & Board Game enhanced with strategic elements.

Portfolio highlights

• IQ Labs — IQ Marketplace offers unique NFTs with exclusive utilities, boosting your in-game experience. With flexible renting parameters and multiple payment options, rent without collateral and unlock the full utility of NFTs. Say goodbye to gas fees with our gasless renting feature and multiply the value of NFT collections with our multi-utility renting. Explore now
• The Unfettered — The Unfettered is a blockchain PC game.
• Hubble Protocol — Hubble is a decentralized financial protocol that allows for long-term borrowing, lending, and structured products.

Portfolio highlights

• Daylight — Banking for you and your chosen family.
• Frank Innovations — A simpler and cheaper way to get a car. Order your car subscription online in minutes from GO. Save ...
• HealthAtom — HealthAtom is a healthcare software platform that design innovative healthcare solutions that allow the clinical industry to advance in the use of administrative technologies. They dentalink and medilink software for better healthcare services for patients.

Portfolio highlights

• RMRK — RMRK.app is a part of Kusama's broader NFT strategy and a way to abuse Kusama's system.remark extrinsic to write custom notes onto the chain in a standardized and structured way. Basically, we graffiti the chain. These notes can represent NFTs, token sales, polls, collaborative drawing programs, even chat applications (yes, really!).
• StarSharks — StarSharks is a NFT-GameFi ecosystem based on the BSC chain developed by game players, governance committees, and game developers. The game integrates different types of games and breaks down barriers found between games by allowing players to use the same character to enter the Shark-metaverse. It enables players come together to build and govern a new metaverse and create a community culture in the Shark-metaverse.
• Web3Auth — Web3Auth is simple, non-custodial auth infrastructure that enables Web3 wallets and applications to provide seamless user logins for both mainstream and native Web3 users.

Portfolio highlights

• Cartwheel — Cartwheel provides multi-tiered, evidenced-based mental health support from licensed clinicians, designed around your entire school community.
• 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.
• Rainforest — Rainforest focuses on providing software platforms for payment processing. Rainforest is headquartered in Atlanta, United States.

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
• Gateway.fm — GatewayFM is the first truly decentralized blockchain infra/node provider, with globally distributed, multichain infrastructure
• Sumi Network — Sumi Network is a decentralized storage solution provider.

Portfolio highlights

• Wert — Making purchasing of NFTs seamless and not requiring users to have crypto.
• Prime Trust — Prime Trust powers innovation in the digital economy by providing fintech and digital asset innovators with financial infrastructure. Our API is customizable whether you're building a crypto exchange or expanding your business with digital assets.
• Cookbook — The easiest way for web3 developers to find documented smart contracts, solidity libraries, and discover protocols. Easily integrate with ChainIDE, Remix, Hardhat and Foundry.

Portfolio highlights

• Wert — Making purchasing of NFTs seamless and not requiring users to have crypto.
• fxhash — fxhash is an open platform to mint and collect Generative Tokens on the Tezos blockchain
• GET Protocol — Supercharge your tickets with NFTs and the Blockchain. Easily implement the latest technology and unlock the benefits of truly digital tickets with GET Protocol.

Portfolio highlights

• nuwo — Workplace as-a-Service. nuwo is the #1 platform 
for financing, equipping 
and managing hybrid 
workspaces
• Empion — EMPiON – The Robo Advisor for Cultural FitEmpion is a data-based job platform that matches companies and applicants based on company culture, values and skills. Using an AI-based Robo Advisor, Empion quantifies company culture and implements automated headhunting.Every second employee is currently thinking about a job change. The 5 mostimportant factors for job satisfaction have to do with company culture and values. And yet, company culture remains largely ignored on customary job portals. The results for companies and applicants are inefficient hiring processes and high employee turnover.Our vision is bringing company culture to every hire in the world.For more information visit www.empion.de
• ContractHero — ContractHero is a leading digital contract management solution for business customers. The smart and easy-to-use software provides an overview of all current contracts, quickly identifies unnecessary costs and reduces risks from missed contract deadlines. As a result, companies have full control over their contracts and avoid missed deadlines andunnecessary costs.

Portfolio highlights

• OASYS NOW — The new Standard for Securely Storing and Exchanging Genomic Data. Unlock global data silos and monetize your data pool through OASYS NOW secure enclaves.
• Valyuu.com — Bye old products, hello Valyuu.
• Propel — Propel is building an ecosystem for the future of work. The core offering is a CaaS (Community-as-a-Service) powered platform that helps fast-growing, post-raise companies across the world fill their critical tech hires with world-class African talent, either for full-time, remote or hybrid roles.With a talent focus on emerging markets with highgrowth potential, Propel is currently building the largest combined community of tech ecosystems in Africa, providing talent in these communities with access to work, embedded finance and other extended community benefits.

Portfolio highlights

• Airstack — Every day there are millions of blockchain transactions. Airstack makes sense of them.
• Jumbo — Jumbo is the solution for a decentralized solution that is ungoverned that seeks to lower the entry point to trade. They develop, tune, and process inherently present on the near blockchain. Their interface is used to configure a set of parameters for the asset. They provide a set of functionalities and interface-embedded constituents that help todetect the pools.
• Liqwid Labs — Liqwid Labs is an on-chain lending protocol on Cardano.

Portfolio highlights

• Utorg — Utorg is a fintech company that offers а modern on/off-ramp and web3 consumer infrastructure to deliver а top-notch user experience. The company is EU-based and holds a license for providing a virtual currency service, in particular exchanging a virtual currency against fiat currency, virtual currency wallet service, and exchanging virtualcurrency against a virtual currency.Utorg was founded in 2020 and is based in Tallinn, Estonia.
• EvaCodes — We take every project personally. We treat each business idea as our own. We invest the expertise, the know-how, the entrepreneurial spirit to impart the innovative interpretation and digital embodiment to our clients’ ideas. We aim to present only solutions to clients while hiring the top IT talent to deal with unavoidable issues.Evacodesrecognizes the competitive edge of the blockchain development services market. This is just one of the multiple reasons why we go that extra mile. Every time. With every project. This is also why we keep winning tenders for mobile app and software development services. This is why we manage to keep our clients coming back with bigger projects & still live up to their high expectations. App after app again.Our major expertise in custom software development lies in the below fields:Blockchain solutions Mobile Apps development Custom Software development E-commerce Software QA & testing IoT solutions Digital transformation We are focusing on assisting to integrate digital transformation to mid-sized and growing businesses from these industries:FinTech Real estate Communication Healthcare Media Business Retail & Commerce Games & Entertainment Education

Portfolio highlights

• Giza — Giza changes this by using zero-knowledge cryptography to bring model inferencing on-chain, unlocking a new depth for smart contract design.
• Utorg — Utorg is a fintech company that offers а modern on/off-ramp and web3 consumer infrastructure to deliver а top-notch user experience. The company is EU-based and holds a license for providing a virtual currency service, in particular exchanging a virtual currency against fiat currency, virtual currency wallet service, and exchanging virtualcurrency against a virtual currency.Utorg was founded in 2020 and is based in Tallinn, Estonia.
• Cube3.ai — CUBE3.AI is a web3 security platform that provides real-time transaction protection for smart contracts, safeguarding against cyber exploits, fraud, and compliance risks.

Portfolio highlights

• Fanzee Labs — We develop fan engagement platforms that help sports and entertainment organisations meaningfully connect with their fans through immersive gamifcation experiences
• Kingdomverse — Kingdomverse is a dynamic, open-world metaverse that allows players to form guilds, build, battle and conquer the lands. It is the first metaverse to combine a 3D virtual world with Real-time Strategy (RTS) with casual mobile games.
• Space and Time — Space and Time is the first decentralized data warehouse. Powering low-latency queries and tamperproof Web3 analytics. Web3 analytics at scale. A multichain data platform for dapps needing next-gen Web3 analytics. Connect analytics directly to smart contracts. Join on-chain and off-chain data in a single query.

Portfolio highlights

• Sepana — Sepana develops search technologies designed to make it easy for people, communities, applications, and protocols to discover Web3 content. Founded in 2021, Sepana's API allows developers to build search-as-a-service functionality directly into their apps.
• Valory — A world-class team leading cutting-edge research & development at the intersection of multi-agent systems and distributed ledger technology.
• Kairos Loan — Kairos Loan is a new type of lending protocol allowing you to borrow instantly using an NFT as collateral and with the best rates on the market.

Portfolio highlights

• QA.tech — Our AI combines the skills of a QA engineer with the speed of automated testing for you. This shortens your time to market, cuts costs and improves the quality of your web apps.
• Rig.dev — Rig.dev offers an open-source application platform for Kubernetes. Rig.dev empower developers to work in their own environments with elevated application abstractions, while still leveraging Kubernetes's reliability, portability, and scalability.
• Jellatech — Jellatech is a B2B biotech business based in Raleigh, NC, and with R&D in Wageningen, Netherlands. Jellatech is producing high-quality, pure, animal-free collagen and gelatin. Founded by a group of innovators, dreamers, entrepreneurs, and scientists, Jellatech is eliminating the dependency on animals, to make better ingredient products -starting with collagen and gelatin.

Portfolio highlights

• Degame — Degame is an NFT gaming platform that provides token analytics, tracking, research, gaming strategy, and IGO.
• Tres — Crypto Accounting and Web3 Treasury - Enable financial workflows such as reconciliation, balance calculation, audit and reporting. Now businesses can monitor, manage and account for their Web3 assets from on-ramp to off-ramp.
• Thala Labs — Unleash the liquidity of your assets with our Stablecoin, AMM, and Launchpad

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

• ZuAI — ZuAI by ZuApp, an AI co-pilot for studying, offers personalized learning for Indian students. Join the waitlist to transform your study experience
• Dozee — Dozee is the pioneer in contactless patient monitoring and early warning system using Artificial Intelligence. Trusted by 150+ hospitals and have saved 500+ lives
• HighXP — HighXP focuses on social, casual games that are simple, aimed at a broad audience, and available on mobile platforms.

Portfolio highlights

• ZKX — ZKX is a permissionless protocol for derivatives built on StarkNet.
• Cookie3 — Cookie3 is the data engine aggregating, processing, and interpreting all existing NFTs and tokens to understand Web3 users.
• ILUMA — ILUMA is building the autonomous solution to onboard, manage, engage and support the next 1M DAO communities in web3.

Portfolio highlights

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

Portfolio highlights

• Blue Protein — Blue Protein is a biotechnology company that focuses on the research and development of animal feed or edible insects.
• Theia Studios — Icons of Theia - a tactical turn based strategy game
• Qiming Supply Chain — Qiming Supply Chain aims to empower brand owners and distributors, providing them with comprehensive services such as channel construction, system services, and logistics delivery. The main service categories are fast-moving consumer goods. The current coverage area includes East China, Northeast China, North China and other regions, and Continueto expand outwards and build itself into an omni-channel consumer goods distribution service provider in the whole country.

Portfolio highlights

• Minterest — Minterest is a cross-chain decentralized money market lending protocol for decentralized financial. Its unique design attracts and rewards long-term liquidity with Minterest distributing value captured by the protocol to MNT token holders who actively participate in its governance. Minterest was founded in 2020 and is based in Tallin, Estonia.

Portfolio highlights

• AMPECO — AMPECO enables large-scale EV charging providers to launch and scale their business operations under their own brand. The company offers a white-label and hardware-agnostic EV charging management platform to cover all business cases - public, private, and home charging. Advanced energy management, flexible billing and subscription management,automatic maintenance algorithms, and inter-operator roaming are some of the platform’s key components. With security and scalability at its core, the platform allows large-scale operators like energy companies, oil and gas, fleets, hardware manufacturers and installers to achieve quick go-to-market in a few months with a ready-made platform combined with unmatched flexibility and extensibility via APIs. AMPECO supports more than 110 charging network operators in over 45 markets and has been globally recognized by Frost & Sullivan for its superior technological innovation and strategic development with the 2022 Global Product Leadership Award.
• Colossyan — We make video creation simply and stressless. AI video technology allow us to crate video in just a few minutes. Ty out here.
• Kubeark — Kubeark powers scalable, rapid, and compliant SaaSification and software lifecycle management.

Portfolio highlights

• Guildx — GuildX - It is an ecosystem for gaming guilds (Play to Earn games players) and investors. It is a comprehensive tool consisting of a software solution and a set of decentralized solutions for gaming guilds for management and monetization.
• Opolis — Opolis is next-gen Digital Employment Platform for Freelancers providing payroll, benefits and other services for independent workers and freelancers.
• Orange DAO — A new tool that blends your everyday work apps into one. It's the all-in-one workspace for you and your team

Portfolio highlights

• GEMS — GEMS is an Esports 3.0 aggregator Platform that combines the elements of GameFi, Esports, Metaverse and SocialFi (GEMS).
• Metastrike — Metastrike is a Metaverse first-person shooter (FPS) 3D game integrated into the blockchain.
• Aura Network — Aura Network is a scalable, agile and effortless Layer-1 blockchain with a comprehensive ecosystem built to accelerate global NFTs adoption.

Portfolio highlights

• Januar — Innovative EU crypto companies use Januar's payment account solutions to accept payments & send payout's while maintaining full compliance & stable business operations.
• getmomo — getmomo is a vertical payment platform for real estate. Guaranteeing on-time rent for landlords & offering tenants a zero-deposit solution
• Token.io — The broadest coverage for open banking in Europe. Accept A2A payments. Add open payments to your platform. Access user permissioned financial data data.

Portfolio highlights

• Wert — Making purchasing of NFTs seamless and not requiring users to have crypto.

Portfolio highlights

• UXUY — UXUY is the easiest and most secure decentralized exchange built on MPC wallet. Begin your Web3 journey with the native DEX and start making money today.
• Safeheron — Safeheron is a platform that enables open and transparent self-custody of digital assets.
• Volare Finance — Volare Finance provides a transparent, trustless, and convenient decentralized option trading without intermediaries.

Portfolio highlights

• Legends of Elysium — Legends of Elysium is a fantasy Free-To-Play fusion of Card & Board Game enhanced with strategic elements.