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Tallinn - Estonia, Estonia
Contact this investorsSoftware (Web Marketplace Saas..) • IT (& TMT) • Media • Businesses Solutions • IoT (& Wearables) • A.I. (& Big Data) • HealthTech (& Fitness) • Web Security (& Privacy) • Developer tools • SaaS • Investment Management • Mobility • Productivity
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Not easily replicable technology in the B2B software space.


Tallinn, Estonia
Contact this investorsWe invest in product-driven startups with at least €5k in MRR.



, Estonia
Contact this investorsSoftware (Web Marketplace Saas..) • PropTech • Businesses Solutions • FinTech (& Financials services) • Retail (& E-Commerce) • A.I. (& Big Data) • Web Security (& Privacy) • Analytics • Logistics (& Distribution) • Payments • Real Estate (& Construction) • Investment Management • Mobility • Woman Focused • UrbanTech
Tera Ventures is a venture capital firm based in Tallinn, Estonia and focused on exceptional founders from Estonia, Scandinavia and CEE disrupting digital space globally. The firm builds presence and networks in the markets where their portfolio companies want to expand to - the UK, the US and Asia. With presence in Estonia, Finland, and California, it is supported by a global advisory network and provides portfolio companies with access to expertise and hands-on support necessary to grow from seed stage to successful exit.








Helsinki Finland - Tallinn, Estonia
Contact this investorsSoftware (Web Marketplace Saas..) • Education • Businesses Solutions • FinTech (& Financials services) • Retail (& E-Commerce) • A.I. (& Big Data) • Gaming (& eSports) • Analytics • SaaS • Online Social • Consumer • Productivity
Trind Ventures is an Estonian fund, focusing on data-driven founders. We are investing from our second 55meur fund. Some of our notable portfolio companies include Neural DSP, Ready Player Me, and Nordcloud (exited).

Tallinn - Harjumaa - Estonia,
Contact this investorsStartup Wise Guys is one of the most active early stage investors in the broader CEE region and Nordics, has been voted Top VC fund in the CEE in year 2019. To help techy startup founders become true entrepreneurs, we are running a world-class startup accelerator since 2012. We have accelerated more than 300 startups, focusing on Sustainability, B2B SaaS, Fintech, Cybersecurity, and XR. The portfolio has already had 11 major exits and the overall startup survival and success rate is above 80%. The intensive up to 5 months-long accelerator program is focused on validating, developing, and selling products to business customers. Over 200 international and local mentors help startups move through those stages much faster than they would on their own. Founders are also prepared to sell their vision to investors, and the program culminates in Demo Days & major tech event visits, where startups get to present to venture capitalists and angel investors. Post-program, startups join the alumni community of 300+ startups in more than 40 countries and become eligible for invite-only alumni events such as SWG Getaway focused on business development, fundraising, and experience sharing.

Tallinn, Estonia
Contact this investorsWe are a private investment company engaged in various asset classes.

Tallinn, Estonia
Contact this investorsWe are a government agency responsible for attracting and managing external investments into Estonia.

Tallinn, Estonia
Contact this investorsWe are a capital-based group of companies operating in the Baltic States.

Tallinn, Estonia
Contact this investorsIncubators
We are a business incubator providing services tailored to the needs of developing companies.

Tallinn, Estonia
Contact this investorsEnergy • CleanTech • Real Estate (& Construction)
We are an investment management firm focusing on these key industries.

Tallinn, Estonia
Contact this investorsWe invest in early-stage ventures, primarily supporting European founders.
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Angels Partners helps The MVMNT Group raise $250k for Saas productEstonia's startup ecosystem is thriving, thanks to a robust network of angel investors and leading venture capital firms. The country's favorable business environment, coupled with its advanced digital infrastructure, makes it an attractive destination for both local and international investors. This has resulted in a significant influx of capital, fostering innovation and growth in various sectors, including fintech, cybersecurity, and e-governance.
Estonia boasts a dynamic group of angel investors who play a crucial role in the early-stage funding of startups. Notable angel investors include Sten Tamkivi, Ragnar Sass, and Taavet Hinrikus. These investors have a track record of backing successful startups and are known for their hands-on approach, providing not just capital but also mentorship and strategic guidance to budding entrepreneurs.
Several leading venture capital firms are pivotal in Estonia's startup ecosystem. Firms like Karma Ventures, Tera Ventures, and Superangel are at the forefront, offering substantial investment in technology-driven startups. These firms have made numerous investments in high-potential startups, supporting their growth from seed to scale-up stages. For example, Tera Ventures has invested in companies like Monese and Jobbatical.
Estonian venture capital firms typically invest in early to growth-stage startups, with investment sizes ranging from €100,000 to several million euros. The scope of investments is broad, covering various sectors such as fintech, healthtech, and greentech. The focus is often on scalable business models with strong potential for international expansion.
In recent years, the number of investments in Estonian startups has surged. In 2022 alone, Estonian startups raised approximately €500 million in venture capital. This trend reflects the growing confidence of investors in Estonia's vibrant startup ecosystem. The country’s startups benefit from a continuous flow of capital, enabling them to innovate and scale rapidly.
Beyond financial backing, Estonian investors are known for their comprehensive support systems. Many venture capital firms and angel investors offer mentorship programs, networking opportunities, and strategic advice. Initiatives like Startup Estonia and Tehnopol also provide resources and mentorship, helping startups navigate the challenges of growth and scaling.
The future outlook for Estonia's investment market is promising. With continuous government support and a growing number of success stories, the startup ecosystem is expected to attract even more international investors. The focus on innovative sectors like artificial intelligence, blockchain, and sustainable technologies is likely to drive further investment.
Support and mentorship are crucial components of Estonia's startup ecosystem. Many venture capital firms and angel investors offer comprehensive support, including strategic guidance, networking opportunities, and operational assistance. Organizations like Startup Estonia and the e-Residency program also play a significant role in providing resources and mentorship to startups, fostering a collaborative and supportive environment.
Despite its many strengths, Estonia's startup ecosystem faces challenges, such as a small domestic market and limited access to late-stage funding. Startups often need to look beyond Estonia to secure significant growth capital and larger markets to scale their operations. Additionally, regulatory complexities can pose obstacles to rapid growth.
Estonia offers substantial growth opportunities driven by continuous investment and technological advancement. The country's focus on innovation in sectors such as fintech, cybersecurity, and green technology positions it well for future growth. Estonia's digital governance model provides a unique advantage for startups looking to expand internationally.
Estonia's startup ecosystem has demonstrated remarkable resilience and adaptability. The government’s proactive approach to supporting entrepreneurship, combined with a highly skilled workforce and advanced digital infrastructure, ensures that Estonia remains a competitive and attractive location for startups and investors alike.
