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Top 5 Venture Capital Firms in Estonia

Estonia’s tech sector is one of the most vibrant and innovative in Europe, fueled by a sophisticated digital infrastructure and a culture of entrepreneurship. The role of venture capital in this ecosystem cannot be overstated, as these firms provide not only financial backing but also critical guidance and network access to budding startups. In this post, we’re showcasing the top 5 venture capital firms in Estonia, recognized for their crucial role in fostering innovation and supporting the country’s most promising tech startups.

We took into account the number of deals per year to create this list.

startup-wiseguys

Startup Wise Guys

Startup Wise Guys is a prominent European startup accelerator and venture capital firm, focusing on B2B startups. They offer tailored programs and support for early-stage startups across various verticals like cybersecurity, fintech, and sustainability. The firm provides funding, mentorship, and networking opportunities to help startups scale globally. Since its inception in Estonia in 2012, Startup Wise Guys has supported over 440 startups and achieved multiple successful exits.

Sector focus: Software, IT, SaaS, AI, Financial Service

Round: Early Stage Venture, Seed

Total investments: 582

Founding Year: 2012

Notable Investments: Collabwriting, Monkee, Nymiz, Mistikist, Rendin

superangel

Superangel

Superangel is an early-stage VC fund based in the Baltics and Nordics, focusing on tech companies improving the world. They invest in pre-seed to seed rounds, typically between €300k and €1M. Their investment areas include AI, robotics, mobility, logistics, fintech, and SaaS. Superangel’s team, comprised of tech entrepreneurs, supports startups with their extensive experience and network, aiming for global impact and collaboration.

Sector focus: Software, IT, Transportation, AI, Robotics

Round: Early Stage Venture, Seed

Total investments: 64

Founding Year: 2018

Notable Investments: OTee, BeCause, Paul-Tech, Coalescent Mobile Robotics, Doublepoint

specialistvc

Specialist VC

Specialist VC is an early-stage venture capital firm based in Tallinn, focusing on investments across Estonia, Latvia, Lithuania, Finland, and Ukraine. They primarily invest in B2B, SaaS, fintech, and deep tech startups, offering ticket sizes from €250k to €3m. The firm is heavily backed by successful tech founders and experts, emphasizing partnerships and comprehensive support for its portfolio companies.

Sector focus: Software, IT, FinTech, E-commerce, AI, Hospitality, SaaS

Round: Early Stage Venture, Seed

Total investments: 48

Founding Year: 2017

Notable Investments: Supersimple, Kingdom Technologies, SensusQ, Biteful, Gearbox Biosciences

tera-ventures

Tera Ventures

Tera Ventures is a venture capital firm based in Estonia, investing in early-stage digital startups across Europe. They focus on supporting companies with potential for global growth, with investments primarily in fintech, automation, and AI/ML sectors. The firm is known for its hands-on, founder-friendly approach, aiding startups through their growth stages and facilitating international expansion and collaborations.

Sector focus: Software, IT, E-commerce, AI, SaaS, FinTech

Round: Early Stage Venture, Seed

Total investments: 54

Founding Year: 2016

Notable Investments: 10Lines, Supersimple, Rendin, BotGuard, Cino

change-ventures

Change Ventures

Change Ventures is a venture capital firm that focuses on backing ambitious Baltic founders. They provide €100k to €750k in pre-seed and seed capital, alongside follow-on capital for later rounds. They prioritize investments in teams capable of building globally scalable businesses, with a deep network of later-stage investors and partners to support their growth. Their portfolio includes a variety of innovative companies across different sectors.

Sector focus: Software, IT, Apps, AI, Mobile, E-commerce

Round: Early Stage Venture, Seed

Total investments: 49

Founding Year: 2016

Notable Investments: Inspectle Food, Drovo, Monetizr, Algori, Formaloo

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