Prototron

Prototron is a start-up fund based in Tallinn, Estonia, established in 2012 by Swedbank, Tallinn Technical University, and Tallinn Science Park Tehnopol. The organization focuses on financing teams with high growth potential in sectors such as Greentech, Electronics, Mechatronics, and Information and Communication Technology (ICT). Prototron conducts 3-4 financing rounds annually and has supported 58 startups over the past five years, providing funding exceeding 470,000 euros along with coaching and incubation services. The portfolio companies have collectively generated over 4.5 million euros in revenue and attracted more than 17 million euros in additional capital, establishing Prototron as the most productive pre-seed fund in Estonia. The fund aims to assist new start-up teams in developing their prototypes and seeks partnerships to foster future success stories in the region.

Jana Pavlenkova

CEO

Past deals in Estonia

Solaride

Grant in 2021
Solaride is an Estonian company that offers educational programs for young people in science, technology, engineering, and mathematics (STEM) fields. Its primary project is the development of Estonia's first solar car, which serves as a hands-on learning experience for students. By engaging in this project-based learning, Solaride aims to inspire a passion for innovation and entrepreneurship, ultimately helping to address the shortage of future engineers in the education sector.

Gelatex

Pre Seed Round in 2016
Gelatex is a materials technology company based in Estonia, founded in 2016 and incorporated in the UK in 2019. The company specializes in producing bio-based nanofibers using a patented technology that allows for large-scale production at significantly lower costs. Gelatex's nanofibers are derived from gelatin sourced from low-value waste in the meat and leather industries, ensuring that its products are environmentally friendly and made from natural, non-toxic substances. Initially focused on developing eco-friendly leather-like textiles, the company recognized the broader applications of its technology during the COVID-19 pandemic, leading to a strategic pivot. Gelatex's innovative solutions have potential applications in various fields, including tissue engineering, cultured meat production, bio-based filtration, energy storage, and wound care.

Shipitwise

Non Equity Assistance in 2016
Shipitwise Ltd. is a Tallinn-based company founded in 2015 that specializes in providing web-based international shipping services. The company has developed a comprehensive SaaS platform aimed at digitalizing logistics operations for transportation companies. Shipitwise facilitates the connection between logistics service providers and their business customers through its API, enabling streamlined quotation, pickup, and insurance services. Additionally, Shipitwise offers a full-service shipping solution designed for travelers, allowing them to book shipping for sports equipment and personal belongings globally. This service caters to travel agencies, businesses, and logistics companies, enhancing the efficiency of their shipping processes.

Shaperize

Pre Seed Round in 2016
Shaperize is a 3D printing company based in Tallinn, Estonia, specializing in comprehensive services that include 3D scanning, 3D printing, and 3D modeling. The company caters to a diverse range of customer needs by offering customized solutions in the realm of 3D technology. In addition to its service offerings, Shaperize also sells 3D printers, 3D pens, and filaments, positioning itself as a one-stop shop for all printing-related requirements. This approach allows clients to access tailored printing solutions that align with their specific preferences and requirements.

Feelingstream

Grant in 2015
Feelingstream OÜ, based in Tallinn, Estonia, specializes in enhancing customer experiences by utilizing artificial intelligence to analyze large volumes of customer interactions across various communication channels, including emails, calls, chat, and feedback comments. Their LEADstream platform delivers real-time insights that are relevant for different organizational functions, such as executive management, product development, customer service, and sales. By providing a comprehensive overview of customer messages, Feelingstream enables businesses to identify critical opportunities for improvement, thereby increasing efficiency, boosting revenue, and enhancing customer satisfaction. Established in 2015, Feelingstream aims to foster a data-driven decision-making culture within large organizations, addressing the limitations of conventional decision-making processes that often rely on insufficient customer insights.

Sprayprinter

Grant in 2015
SprayPrinter OÜ, founded in 2015 and headquartered in Tartu, Estonia, develops and markets innovative handheld printer devices that enable users to create wall art easily. The device connects to a smartphone via Bluetooth, allowing users to select images from an application and then spray paint them onto surfaces using a specially designed nozzle attached to a spray can. This technology transforms user-selected designs into unique wall art, appealing primarily to DIY homeowners who appreciate creative and contemporary solutions. Additionally, SprayPrinter aims to foster a community that connects artists with customers, enhancing the overall experience of bringing color and beauty into everyday life.

Lingvist

Seed Round in 2012
Lingvist Inc. is a language-learning platform based in Tallinn, Estonia, that harnesses artificial intelligence, natural language processing, and adaptive machine learning algorithms to enhance the efficiency of language acquisition. Founded in 2012, the company offers a subscription-based service accessible through web, iOS, and Android platforms, catering to users both in Estonia and globally. The platform is designed to improve vocabulary by using neural networks to evaluate the learner's existing knowledge and customize the learning experience according to individual needs. This approach allows users to develop their language skills more effectively, enabling better expression and understanding.

Qminder

Seed Round in 2012
Qminder OÜ, founded in 2011 and based in Tartu, Estonia, specializes in queue management solutions through its cloud-based platform, Qminder Connect. This smartphone application allows businesses to manage queues remotely using iPads, Macs, or other external screen devices. Qminder offers a range of services, including visitor management systems, automated patient queuing, click-and-collect systems, and service intelligence, catering to various industries such as retail, telecommunications, healthcare, education, and government. The platform is designed to enhance the customer experience by reducing wait times, enabling customers to shop rather than stand in line, ultimately aiming to boost sales and customer satisfaction. Qminder has gained the trust of numerous high-profile clients, including major telecom retailers and customer service locations for companies like Uber, Lyft, and eBay.
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