# Top 50 Web3 VC (Venture Capital) Funds in Estonia in October 2023

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Cryptomeria Capital | 3 | Estonia, Canada, United States | Seed | Blockchain, FinTech, Cryptocurrency |
| LD Capital | 3 | United States, Singapore, United Kingdom | Seed, Initial Coin Offering | Blockchain, Cryptocurrency, Gaming |
| Shima Capital | 3 | United States, United Kingdom, Singapore | Seed, Pre-Seed | Blockchain, Cryptocurrency, Gaming |
| Pnyx Ventures | 2 | Canada, Estonia, Norway | Seed, Pre-Seed | Blockchain, Financial Services, FinTech |
| Parallax Ventures | 2 | Brazil, Estonia, United States | Seed, Series A, Series B | FinTech, Financial Services, Bitcoin |
| Digital Strategies | 2 | Canada, Estonia, Singapore | Seed, Initial Coin Offering | Blockchain, Cryptocurrency, Financial Services |
| Crypto3 Capital | 2 | Estonia, India, Singapore | Seed, Corporate Round | Blockchain, Financial Services, Cryptocurrency |
| Morgan Creek Digital | 2 | United States, Canada, Israel | Seed, Series A, Series B | Blockchain, FinTech, Cryptocurrency |
| Jsquare | 2 | Estonia, United States, Canada | Seed, Series A, Pre-Seed | Blockchain, Cryptocurrency, FinTech |
| Token Ventures | 2 | Estonia, France, Switzerland | Seed, Pre-Seed | Blockchain, Cryptocurrency, Gaming |
| Mapleblock Capital | 2 | Singapore, Switzerland, United States | Seed, Series A | Blockchain, Cryptocurrency, FinTech |
| AU21 Capital | 2 | Singapore, United States, United Kingdom | Seed, Initial Coin Offering | Blockchain, Cryptocurrency, Financial Services |
| The Spartan Group | 2 | United States, Singapore, United Kingdom | Seed, Series A | Blockchain, Cryptocurrency, Financial Services |
| Master Ventures | 2 | United States, Singapore, Hong Kong | Seed, Initial Coin Offering | Blockchain, Gaming, Information Technology |
| Blockwall | 2 | United States, France, Estonia | Seed, Pre-Seed | Blockchain, Software, Information Technology |
| ZBS CAPITAL | 2 | United States, Singapore, India | Seed, Initial Coin Offering | Blockchain, Cryptocurrency, Financial Services |
| Icebreaker.vc | 2 | Finland, Estonia, Sweden | Pre-Seed, Seed, Series A | Software, Information Technology, Artificial Intelligence |
| NGC Ventures | 2 | United States, Singapore, Hong Kong | Seed, Series A | Blockchain, Cryptocurrency, Gaming |
| Digital Finance Group (DFG) | 2 | United States, Singapore, United Kingdom | Seed, Series A | Blockchain, Cryptocurrency, FinTech |
| CoinFund | 2 | United States, United Kingdom, Switzerland | Seed, Series A | Blockchain, Cryptocurrency, Financial Services |
| CharlieGaming CZ | 1 | Estonia | Seed | Gaming, Blockchain, Cryptocurrency |
| Parachain Ventures | 1 | Estonia, Gibraltar, Hong Kong | Seed, Series A | Blockchain, Cryptocurrency, Financial Services |
| Digital Horizon | 1 | United States, United Kingdom, Israel | Series A, Seed, Series B | Financial Services, Software, FinTech |
| YBB Foundation | 1 | Israel, Estonia, Singapore | Seed, Pre-Seed, Series A | Blockchain, Software, Cryptocurrency |
| BoxGroup | 1 | United States, France, Mexico | Seed, Series A, Series B | Software, Health Care, Internet |
| TRGC | 1 | United States, Singapore, Germany | Seed, Series A | Blockchain, Cryptocurrency, Software |
| Tagus Capital | 1 | United States, Estonia | Seed, Series B | Cryptocurrency, FinTech, Blockchain |
| Tezos Foundation | 1 | United States, France, Estonia | Seed, Series A | Software, FinTech, Blockchain |
| VR Ventures | 1 | Germany, Estonia, Switzerland | Seed, Pre-Seed, Series A | FinTech, Software, Information Technology |
| Golden Egg Check Capital | 1 | The Netherlands, Canada, Estonia | Seed, Pre-Seed | Internet, Information Technology, Payments |
| Genblock Capital | 1 | United States, Singapore, Switzerland | Seed, Initial Coin Offering | Blockchain, Cryptocurrency, Gaming |
| hypra.fund | 1 | Estonia, Ukraine | Seed | Blockchain, FinTech, Software |
| TA Ventures | 1 | United States, Germany, India | Seed, Series A | E-Commerce, Software, Internet |
| 3Commas | 1 | United States, Taiwan, Estonia | Seed, Initial Coin Offering, Pre-Seed | Blockchain, Cryptocurrency, FinTech |
| Atka Capital | 1 | France, Israel, Estonia | Seed, Pre-Seed | Blockchain, Apps, Cryptocurrency |
| byFounders | 1 | Denmark, United States, Germany | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, Mobile Apps |
| Kenetic | 1 | United States, Singapore, Hong Kong | Seed, Series A | Blockchain, Cryptocurrency, Financial Services |
| Hartmann Capital | 1 | United States | Seed |  |
| Prime Venture Partners | 1 | India, United States, Singapore | Seed, Series A | Software, FinTech, Information Technology |
| Orange DAO | 1 | United States, Estonia, Philippines | Seed, Pre-Seed, Series A | Cryptocurrency, Blockchain, Software |
| Gravity Team | 1 | Estonia | Seed | Analytics, Blockchain, Ad Targeting |
| Panda Capital | 1 | China, United States, Malta | Seed, Series A, Angel | Blockchain, Artificial Intelligence, Robotics |
| OSAZ | 1 | Estonia | Seed | FinTech, Blockchain, Financial Services |
| LAUNCHub Ventures | 1 | Bulgaria, United Kingdom, United States | Seed, Series A | Software, SaaS, Enterprise Software |
| NEAR | 1 | Canada, Estonia, United States | Pre-Seed | Cryptocurrency, Blockchain, SaaS |
| OIG Ventures | 1 | Estonia, Singapore, Seychelles | Seed, Series A, Initial Coin Offering | Blockchain, Gaming, Cryptocurrency |
| Element Ventures | 1 | United Kingdom, Germany, Sweden | Series A, Seed, Series B | FinTech, Financial Services, Payments |
| Jdac | 1 | Estonia | Seed | FinTech, Internet, Payments |
| Waterdrip Capital | 1 | Singapore, China, Canada | Seed, Initial Coin Offering | Blockchain, Cryptocurrency, Information Technology |
| Diamond Atlas Capital Limited | 1 | Estonia | Seed | Gaming, Blockchain, Cryptocurrency |

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