EstBAN

Estonian Business Angels Network, established in late 2012, is an umbrella organization for business angels and business angel groups seeking investment opportunities in Estonia and its neighbouring regions with an aim to grow the quantity and quality of local seed stage investments. EstBAN is a full member of the European Trade Association for Business Angels, Seed Funds, and other Early Stage Market Players (EBAN) and Estonian Venture Capital Association (EstVCA). EstBAN has close cooperation with Finnish Business Angels Network (FiBAN), Latvian Business Angels Network (LatBAN) St-Petersburg Business Angels Network (SOBA) and newly formed Nordic Business Angels Network (NordicBAN).

Ivar Siimar

Founder

18 past transactions

Esgrid

Pre Seed Round in 2024
Esgrid offers value-chain sustainability management solutions tailored for medium-sized businesses and financial institutions. The company has developed a compliance platform that promotes sustainability tools, enabling organizations to assess, manage, and enhance their sustainability impact. This platform ensures compliance with environmental, social, and governance standards, helping businesses reduce costs and monitor their sustainability progress effectively.

FleetFox

Convertible Note in 2024
FleetFox is a tech-driven managed marketplace that provides comprehensive fleet services tailored for the car-sharing and B2B fleet industries. Operating in 11 cities across six countries, including the Baltics, Germany, Belgium, and the Czech Republic, FleetFox offers a range of services such as washing, refueling, charging, relocation, and maintenance. This integrated approach enables large fleet clients to reduce operational costs by up to 35%. The platform automates over 25 internal processes, allowing for efficient market entry with minimal staffing and achieving profitability within three months of launch in new cities. FleetFox, which initially focused on B2C mobile car washing, successfully pivoted in March 2023 to cater to the B2B market, positioning itself within the €13 billion car-sharing sector and the broader €40 billion B2B fleet market. The company aims to lead the industry by providing scalable and cost-effective solutions that promote profitability and growth.

Paul-Tech

Seed Round in 2023
Paul-Tech specializes in developing advanced soil monitoring solutions that enable farmers to assess soil-water conditions and monitor plant growth in real time. The company has created proprietary sensors that provide unique data analysis through a user-friendly interface. This technology allows farmers to receive automated suggestions regarding current field conditions and upcoming agricultural tasks. By leveraging this real-time data, Paul-Tech empowers farmers to adopt more sustainable farming practices that protect the soil and environment while optimizing the use of limited resources.

Cuploop

Seed Round in 2023
Cuploop specializes in advanced reverse vending machines designed to collect and refund deposits for reusable packaging, addressing the critical issue of plastic waste pollution. The company targets large venues such as stadiums, amusement parks, shopping centers, and event grounds, which face challenges in complying with regulations against single-use plastics. Cuploop's innovative technology streamlines the recycling process, facilitating the efficient collection of reusable cups and other packaging. This solution not only supports environmental sustainability but also allows businesses to concentrate on their core operations while promoting a cleaner, healthier environment for future generations.

RAIKU Packaging

Pre Seed Round in 2023
RAIKU is a cleantech startup that produces 100% natural packaging material that has also great looks and shock absorption - most importantly, it gives 15-20 times more volume to its raw material making it one of the most resource efficient material uses in the world with high margins. Both the production is and products are clean making no harm to nature. RAIKU has raised over 1.2mln€ in the pre-seed stage, built a team of over 10 people, its own IP and clients are already using its packaging material. This material will up-end the 1 trillion € packaging sector.

Paul-Tech

Seed Round in 2023
Paul-Tech specializes in developing advanced soil monitoring solutions that enable farmers to assess soil-water conditions and monitor plant growth in real time. The company has created proprietary sensors that provide unique data analysis through a user-friendly interface. This technology allows farmers to receive automated suggestions regarding current field conditions and upcoming agricultural tasks. By leveraging this real-time data, Paul-Tech empowers farmers to adopt more sustainable farming practices that protect the soil and environment while optimizing the use of limited resources.

DriveX

Seed Round in 2022
DriveX is a technology partner for insurers, specializing in a digital software platform that enhances the vehicle verification process. The company offers a proprietary AI-assisted verification system that enables remote vehicle inspections, significantly improving efficiency in policy sales and claims management. By automating these processes, DriveX helps insurance companies save time and reduce costs while minimizing the risk of fraud. Their solutions aim to enhance the overall customer experience, making it easier for both employees and clients to navigate insurance transactions.

VSight

Seed Round in 2021
VSight operates an industrial augmented reality platform designed to enhance connectivity within the workforce of manufacturing companies. The platform allows experts to remotely assist on-site personnel by providing real-time video and audio communication, along with access to manuals and step-by-step instructions. It also integrates advanced models into the real-world environment, facilitating effective problem-solving. By enabling remote support through augmented reality, VSight aids clients in transforming their operations, increasing efficiency, and seamlessly integrating wearable technology into their business processes.

Mentornaut

Angel Round in 2021
Mentornaut is a new online tutoring platform is aiming to increase inclusion in personalized education and counts Super angel, United Angels VC, and a list of EdTech advocates like Bolt co-founder Martin Villig, and Clanbeat co-founder Kadri Tuisk among its investors.

Jeff

Seed Round in 2021
Jeff is a personalized loan broker that matches borrowers and lenders through alternative data. Jeff's mission is to help the unbanked to access financial services. In the absence of credit history and bank transactions, Jeff gathers alternative data from sources like smartphones, social media, behavioral patterns, geolocation, and other types of digital footprint. Jeff then puts this information to good use and find ways on how alternative data points can prove creditworthiness and build trust, building new ways of accessing financing and evolving an alternative credit score. The company was founded in 2019 and is located in Riga, Latvia.

VideoCV.io

Pre Seed Round in 2021
VideoCV.io is a recruitment platform that offers a software-as-a-service (SaaS) solution for video-based hiring. Established in 2017 and headquartered in Tallinn, Estonia, the company leverages video and artificial intelligence technologies to enhance the recruitment process. Employers can post videos showcasing job opportunities and their workplace, allowing candidates to engage more personally with potential employers. The platform streamlines candidate management by enabling employers to rank, track, and communicate with applicants in a single interface, ultimately facilitating the identification of the best talent for their teams.

Jeff

Seed Round in 2021
Jeff is a personalized loan broker that matches borrowers and lenders through alternative data. Jeff's mission is to help the unbanked to access financial services. In the absence of credit history and bank transactions, Jeff gathers alternative data from sources like smartphones, social media, behavioral patterns, geolocation, and other types of digital footprint. Jeff then puts this information to good use and find ways on how alternative data points can prove creditworthiness and build trust, building new ways of accessing financing and evolving an alternative credit score. The company was founded in 2019 and is located in Riga, Latvia.

ATOM

Seed Round in 2020
ATOM is a mobile application that facilitates e-scooter sharing, offering users a convenient and environmentally friendly mode of transportation. In addition to its core service, ATOM provides entrepreneurs with the tools needed to create their own vehicle-sharing platforms, enhancing the accessibility of shared mobility solutions. The app aims to streamline urban transit by making it easier for individuals to find and use e-scooters, thus promoting sustainable travel options.

Jeff

Pre Seed Round in 2020
Jeff is a personalized loan broker that matches borrowers and lenders through alternative data. Jeff's mission is to help the unbanked to access financial services. In the absence of credit history and bank transactions, Jeff gathers alternative data from sources like smartphones, social media, behavioral patterns, geolocation, and other types of digital footprint. Jeff then puts this information to good use and find ways on how alternative data points can prove creditworthiness and build trust, building new ways of accessing financing and evolving an alternative credit score. The company was founded in 2019 and is located in Riga, Latvia.

Fractory

Funding Round in 2018
Fractory Ltd is a company that operates an online platform for sheet metal fabrication, allowing users to upload CAD files and connect with partner service providers based on availability, location, and capabilities. Founded in 2019 and based in Manchester, United Kingdom, Fractory offers a range of services including laser cutting, plasma cutting, sheet metal fabrication, tube laser cutting, oxy cutting, waterjet cutting, metal bending, and surface treatment. The platform serves engineering companies in the United States, the United Kingdom, and Nordic Europe, facilitating on-demand manufacturing and enabling quick access to custom laser-cut parts, regardless of batch size. Fractory aims to streamline the manufacturing process and promote sustainability within the industry.

Capster

Angel Round in 2015
Capster is a MedTech company manufacturing an user-friendly nasal rinse device to alleviate chronic and seasonal nasal issues.

Cloutex

Seed Round in 2014
Cloutex is a data logistics company that allows businesses to synchronize, move and manage their data quickly and easily. Their Google Chrome extension - Cloutex for Chrome enables users to move LinkedIn data available on public profiles into a Customer Relationship Management (CRM) platform.

MarkeDroid

MarkeDroid is transforming the renewable energy sector with its innovative Plug & Play platform, designed specifically for the management of energy spot prices and access to FLEX markets for residential solar batteries. By operating a virtual power plant network, MarkeDroid utilizes an artificial intelligence-driven system that automates the optimization of home energy systems. This technology manages energy production, consumption, and storage in response to market prices and weather forecasts, allowing homeowners to enhance the returns on their renewable energy investments while minimizing electricity costs throughout the year. Through its advancements, MarkeDroid is reshaping the energy value chain and benefiting all stakeholders involved in the renewable energy landscape.
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