Change Ventures

Change Ventures is a venture capital firm established in 2016 and headquartered in Tallinn, Estonia. The firm specializes in pre-seed stage investments, primarily targeting ambitious technology startups, with a focus on B2B and SaaS businesses in Eastern Europe, particularly in Estonia, Latvia, and Lithuania. Change Ventures aims to support founders by providing investments ranging from €100,000 to €500,000, along with a straightforward and efficient investment process that facilitates quick decision-making. Beyond financial backing, the firm assists entrepreneurs in achieving product-market fit, securing additional funding, and scaling their businesses by leveraging an extensive network of follow-on investors and partners.

Janis Krums

Venture Partner

Rait Ojasaar

Investment Partner

Gabrielė Poteliūnaitė

Associate

Past deals in FSU

Modash.io

Series A in 2024
Modash, An influencer marketing platform is providing a end-to-end solution for influencer marketing. We are shifting the influencer market from experimental budget to the 100B dollar performance ad market. To do this, we offer unique tools like audience targeted influencer search and are the only platform to provide conversion rate attribution for influencer marketing. We believe in the value creators bring by building their community and telling stories that matter. That's why we are on a mission to help every creator get paid.

Modash.io

Seed Round in 2022
Modash, An influencer marketing platform is providing a end-to-end solution for influencer marketing. We are shifting the influencer market from experimental budget to the 100B dollar performance ad market. To do this, we offer unique tools like audience targeted influencer search and are the only platform to provide conversion rate attribution for influencer marketing. We believe in the value creators bring by building their community and telling stories that matter. That's why we are on a mission to help every creator get paid.

Gelatex

Seed Round in 2021
Gelatex is a materials technology company based in Estonia, founded in 2016 and incorporated in the UK in 2019. The company has developed a patented technology for producing bio-based nanofibers efficiently and cost-effectively, making it possible to produce these materials at a scale that is significantly faster and cheaper than traditional methods. Gelatex's production process utilizes gelatin derived from low-value waste in the meat and leather industries, ensuring that its products are made from natural and non-toxic substances, which promotes sustainability in the textile sector. Initially focused on creating eco-friendly leather-like textiles, the company pivoted during the COVID-19 pandemic to explore a broader range of applications for its nanofibers, including 3D scaffolds for tissue engineering, cultured meat, bio-based filters, energy storage, and wound care.

Memby

Pre Seed Round in 2021
Memby is a Lithuania-based EdTech startup focused on providing affordable online tutoring for high school students. The company operates an online learning platform designed to assist students who may struggle with after-school studies. This platform offers real-time large group lessons that engage students in various subjects, allowing them to participate live or access recorded sessions if they are unable to attend in real time. By offering a more cost-effective alternative to traditional one-on-one tutoring, Memby aims to enhance students' learning experiences and promote academic consistency.

Fyma

Seed Round in 2020
Fyma is a Tallinn-based company that specializes in artificial intelligence software focused on video analytics through computer vision algorithms. Established in 2017, Fyma transforms conventional camera feeds into smart sensors, allowing businesses and institutions to extract and analyze data from video footage. This capability enables clients to gain insights into shopping behaviors and the movement of objects, facilitating strategic planning decisions. The platform is designed with self-learning features for real-time monitoring and can integrate with third-party data sources. Fyma's solutions are applicable across various sectors, including retail, business parks, campuses, and marina management, providing empirical data to enhance decision-making in the built environment and commerce.

Veriff

Convertible Note in 2020
Veriff is an online identity verification company founded in 2015 and based in Tallinn, Estonia. It provides a highly automated platform designed to secure online identity verification services for businesses and their customers, helping to protect against identity fraud. The platform utilizes a combination of machine learning and expert manual checks to ensure reliable authentication. It can verify various forms of identification, including drivers' licenses and passports, across different websites and mobile applications. By enhancing fraud detection and compliance with regulations, Veriff facilitates a trusted connection between companies and their customers, promoting safer online interactions.

HumansApp

Pre Seed Round in 2019
HumansApp is a Social networking Mobile App company.

Eventornado

Angel Round in 2015
Founded in 2014, from Estonia; the worlds most digital country, Guaana is a community-based platform to run online innovation & research challenges. Guaana builds creative solutions for research funding and innovation. Instead of re-inventing the wheel, we adapt approaches from non-research focused applications used to solve challenges similar to those faced in research funding and implement them into the evaluation of scientific work in ways that enhance collaboration and transparency in the process. Guaana works with governments and organizations from all over the world, helping them to: * Distribute research grants - 6x times faster, and 75% more efficient * Run online hackathons - remove manual activities, and engage globally * Gather ideas through an online workshop - remove travel time & expense, infinite scale, ​more flexible use of time, global reach, low admin requirement Everything in one app, no more juggling files and data between multiple different systems.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.