Superangel OÜ is a venture capital firm specializing in early stage, pre-seed, seed, and startups investments. The firm seeks to make sector agnostic investments with a focus on information technology including fintech, mobile, SaaS, sharing economy, blockchain, and AR/VR. It typically invests globally with a focus on companies based in Europe that are aiming for a global market and in United States that are looking to penetrate European and emerging markets. It prefers to invest between €0.05 million ($0.06 million) to €2 million ($2.46 million) including follow-on investments. Superangel OÜ was founded in 2018 and is based in Tallinn, Estonia with an additional office in Palo Alto, California.

Founded in Tallinn in 2018, Superangel is an early-stage venture capital firm investing in technology startups across the Baltics and Nordics. Led by experienced tech entrepreneurs, they focus on backing founders building industry-defining companies, with a track record of supporting global successes like Bolt, Pipedrive, Grabcad, and Veriff.

Founded in Estonia in 2011, Metaplanet is a venture capital firm focusing on early-stage investments across diverse sectors. They prioritize innovative and evidence-based ideas with the potential for significant returns.

Founded in 2016, Karma Ventures is a Tallinn-based venture capital firm specializing in late seed and Series A investments in Europe's most promising deep tech startups. The company focuses on backing companies with strong ideas, unique technology, customer traction, and global ambition.

Founded in Estonia in 2016, Change Ventures is a venture capital firm focusing on pre-seed stage investments. They support ambitious founders from the Baltics and Baltic diaspora building businesses globally, with investments ranging from €100k to €500k. Their streamlined investment process aims to provide fast decisions, while their network of follow-on investors helps portfolio companies raise additional funds.

Established in 2017, Specialist VC is a venture capital firm headquartered in Tallinn, Estonia. It focuses on investing in early-stage (pre-seed to series A) companies operating within the B2B, SaaS, FinTech, platforms, software-enabled hardware, and deep tech sectors across Estonia, Latvia, Lithuania, Finland, Ukraine, and Belarus.

Lemonade Stand is a venture capital firm based in Estonia that specializes in early-stage investments. The firm concentrates on the technology sector, particularly targeting B2B ventures led by founders from the Baltic and East European regions, regardless of their headquarters' location. Lemonade Stand typically invests between €25,000 and €300,000 in promising teams, innovative technologies, or businesses demonstrating traction. The firm aims to support and nurture emerging companies in the technology landscape, fostering growth and development in the region.

Tera Ventures is a venture capital firm based in Tallinn, Estonia. It backs ambitious founders from the Baltics, Scandinavia and Central and Eastern Europe working on digital technologies with global scaling ambitions. The firm supports portfolio companies with access to expertise and hands-on guidance to grow from pre-seed and seed stages toward exits, and maintains a non-controlling approach to align founder motivation with ownership. Tera operates with a regional footprint and connects to markets in the UK, the US and Asia, wired through a global advisory network. It maintains a presence in Estonia, Finland and California to help portfolio companies expand internationally. The firm focuses on software, information technology and related digital sectors, leveraging its networks to facilitate market entry and growth.

Icebreaker is an early-stage venture capital fund based in Helsinki, Finland, specializing in investments within the software sector. The fund focuses on financing unique software-driven companies at the idea, angel, and seed stages, typically investing between EUR 40,000 and EUR 350,000. As part of its operations, Icebreaker manages a community that connects hundreds of members, providing access to a network of potential team members, clients, and advisors. The fund's goal is to support the growth of innovative tech companies in Finland.

Established in 2011, SmartCap is an Estonian venture capital firm that invests in early-stage venture capital funds. It manages EUR 40 million in assets, focusing on validating, accelerating, and financing innovative companies through partnerships with top VC fund managers.

Spring Capital is a Tallinn, Estonia-based venture capital firm that backs technology startups in the Baltic and Nordic regions. It pursues seed and growth investments, typically taking minority equity stakes. Seed checks generally range from €75,000 to €200,000 to support scalable technology-driven startups, often as part of larger rounds that provide at least 18 months of runway. Growth investments range from €300,000 to €700,000 and acquire minority ownership in companies that are EBITDA-positive or near profitability. The firm focuses on information technology opportunities across Denmark, Estonia, Latvia, Lithuania, Norway, Sweden, and the broader Baltics and Scandinavia. Investment capital is sourced from the firm’s management, reflecting a hands-on approach for early-stage and growth-stage tech companies.

Established in 2023, 2C Ventures is a venture capital firm based in Tallinn, Estonia. It focuses on investing in early-stage clean technology companies primarily in the Nordics and Baltics, supporting visionary entrepreneurs driving innovation towards a sustainable future.

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.

Tera Ventures OÜ is a venture capital firm specializing in seed and startup stage investments. The firm focuses to invest in digital space. It seeks to invest in CEE, Estonia, Scandinavia, Finland, Denmark, Latvia, Lithuania, Poland, Sweden, and Czech Republic businesses. It invests between €0.2 million ($0.23 million) and €1.5 million ($1.71 million) per company with significant follow-on funding for select investments. Tera Ventures OÜ was founded in July 28, 2016 and is based in Tallinn, Estonia with additional offices in Burbank, California and Helsinki, Finland.

Ambient Sound Investments OÜ, established in 2003 in Tallinn, Estonia, is a family office specializing in direct and fund of fund investments. It focuses on private equity and venture capital, investing in technology and technology-based service companies across the United States, Asia, and Europe. The firm prefers minority stakes, typically investing between €0.5 million to €2 million, and aims to have a Partner or Advisor on the boards of its portfolio companies. Ambient Sound Investments also engages in co-investments and public equity investments, using personal capital and balance sheet investments. Initially founded by Skype engineers to hold a minority stake in Skype, the firm sold its shares to eBay in 2005 and now operates as a private investment vehicle.

GameFounders is an accelerator founded in 2012, specializing in supporting early-stage game studios and startups. It focuses on mobile, VR, and AR studios, typically investing up to $30,000 for a dilutable 9% stake. The program offers a three-month long intensive mentoring period, with an initial grant of $25,000, and accepts around 10 studios per cohort. GameFounders is headquartered in Tallinn, Estonia.

Founded in 2021, Siena focuses on providing liquidity to early investors, founders, and employees of high-growth startups in the Nordics and Central & Eastern Europe.

Founded in Tallinn, Estonia in 2016, Trind Ventures is a venture capital firm investing in early-stage startups across Europe. They focus on marketplaces, consumer solutions, and PLG-driven B2B solutions, typically investing €0.1 million to €1 million per company.

Decacorn Capital is a Singapore-based venture capital firm established in 2016. It invests globally, focusing on tech-led disruptive innovations across sectors such as artificial intelligence, aerospace, blockchain, cloud & edge computing, genomics, and robotics. The firm curates high-impact businesses with rapid adoption curves and technology-driven defensible moats, aiming to generate superior returns.

Founded in 2022, Fund Fellow Founders is an angel group based in Ülemiste, Estonia. It invests and provides collective advice to founders across the Nordics and Baltic regions.

Practica Capital UAB is a venture capital firm that provides early-stage and growth capital to micro, small and medium-sized companies across industries, with a focus on the Baltic region and Northern Europe including Estonia, Latvia, Lithuania, Finland, Sweden, Poland, Germany and Denmark, as well as Baltic-origin ventures in Europe. It participates in seed and startup rounds ranging from about €3,000 to €200,000 and in later rounds from about €50,000 to €3,000,000, preferring minority ownership and board involvement. Investments are made primarily in equity via common or preferred stock, and quasi-equity via convertible debt. The firm aims to act as a strategic adviser and seeks to exit investments within two to five years through trade sales, management buyouts, IPOs or refinancing of quasi-equity instruments. Practica Capital UAB was founded in 2011 and is based in Vilnius, Lithuania.

Gorilla Capital Management Oy is an investment firm focused on early-stage technology companies in the Nordic region, specifically targeting businesses in Finland, Sweden, Denmark, and Estonia. The firm seeks to identify and support innovative startups with the potential for significant growth in the technology sector. By providing capital and strategic guidance, Gorilla Capital aims to foster the development of promising enterprises that can contribute to the dynamic landscape of the Nordic technology market.

Beamline is a cleantech accelerator founded in 2021 and based in Tallinn, Estonia, with a focus on fostering innovation in various cleantech sectors, including energy, sustainability, green tech, agriculture, and climate technology. The organization has supported startups through multiple cohorts, providing initial investments totaling 1.8 million euros across 30 teams. Beamline has contributed to the growth of its portfolio companies, which collectively generated 2.2 million euros in revenue in 2023 and successfully raised 43.6 million euros by the third quarter of 2024. By promoting advancements in areas such as smart cities, waste collection, carbon capture, and ESG report validation, Beamline plays a pivotal role in driving sustainable solutions on an international scale.

Integer.pl Group is one of the most successful private postal groups in Europe. In only 3 years, the InPost parcel lockers technology can be found in the following countries: Australia, Chile, Great Britain, Italy, Ireland, Iceland, Lithuania, Latvia, Ukraine, Estonia, Poland, Russia, Saudi Arabia, Cyprus, Slovakia, Czech Republic, Colombia, Costa Rica, El Salvador and Guatemala. By offering a unique customer experience to its users, as illustrated by an NPS (NET PROMOTER SCORE, as for February 19th) of 89%, Integer.pl Group aims to build a strong global footprint in the global logistics sector. The innovative nature of the InPost parcel locker solution was confirmed by a number of awards that the Group has won, including World Mail Awards 2013, Retail Innovation of the year (2013), Delivery Innovation Excellence UK (2014).

Founded in Estonia in 2017, Yolo Investments is a venture capital firm focusing on seed- and early-stage investments across gaming, fintech, web3, and other tech sectors. The company aims to support outstanding entrepreneurs with innovative ideas, fostering growth and disruption within their respective industries.

Highgoal Capital is a technology-focused investment firm that backs founders and technology companies across Europe, the Middle East and Africa. Founded in 2020 and based in Tallinn, it operates with offices in London and Tallinn. The firm targets technology ventures across its regional footprint, supporting companies at scale and helping them reach global markets. It is registered with the Estonian Financial Supervisory Authority as a small alternative fund manager, reflecting its regulatory status in the Baltic region.

Earlybird Venture Capital GmbH & Co. KG is a venture capital firm specializing in early stage, startups, growth and development stage, late, and expansion investments in private companies in seed, series A and B with a potential for later follow on investments. The firm typically invests in disruptive global consumer and enterprise internet and technology businesses, mobility and logistics, internet of things, marketplaces, communities, social networks, blockchain, mobile services, insurance, enterprise productivity, vertical integration, data, analytics and artificial intelligence, cloud computing, software/information technology, communications, healthcare, diagnostics, convergent technologies, and technology enabled services companies. It also invests in internet services, financial technology, cleantech, health technologies, web servers, B2B commerce, e-commerce software, digital media technologies, hardware, diversified financial services, media, medical technology, medical devices and biotech platform technologies. The firm typically invests in globally focusing on companies based in Europe, with an emphasis on German-speaking countries and Central Eastern Europe. The firm also invests in United States of America, Ukraine, GSA, Nordics, United Kingdom, Benelux, France, Southern Europe, Slovenia, Slovakia, Serbia, Romania, Western Europe, Poland, Montenegro, Moldova, Macedonia, Lithuania, Latvia, Kosovo, Hungary, Estonia, Czech Republic, Croatia, Bulgaria, Bosnia and Herzegovina, Albania, Germany, Turkey, and Jordan. It initially invests between €200,000 million ($0.22 million) and €5 million ($7.18 million) and can participate in subsequent rounds up to a total investment of €10 million ($14.37 million) to €15 million ($21.56 million) per Portfolio Company. The firm prefers to be the lead investor, take a minority stake, and a board membership in the portfolio companies. Earlybird Venture Capital GmbH & Co. KG was founded in 1997 and is based in Berlin, Germany with additional offices in Munich, Germany; Istanbul, Turkey; and the United States.

WeFund Ventures is a venture capital firm established in 2017 and headquartered in Tallinn, Estonia, with an additional office in Berlin, Germany. The firm specializes in early-stage investments across various sectors, including agritech, fintech, blockchain, security, biotech, enterprise solutions, big data, augmented reality/virtual reality, and aerospace. WeFund Ventures operates an acceleration fund that provides financing to very early-stage projects, utilizing an efficient syndicate funding structure that enhances its ability to mobilize substantial resources quickly and flexibly. The firm aims to support promising projects and drive innovation in its targeted industries.

Founded in 2021, Blockpact Capital is an investment firm specializing in digital assets, fintech, and decentralized technologies. Headquartered in Tallinn, Estonia, the company focuses on early-stage investments in these sectors.

MM Grupp is an Estonian-based holding company established in 1999. It strategically invests in various sectors such as pharmaceutical distribution (Magnum), real estate development (Ecobay), and venture capital initiatives (Bacterfield, Villa Benita). The group's companies primarily operate in Europe and employ over 1,000 staff.

DOMiNO Ventures is a venture capital firm founded in 2021 and headquartered in Amsterdam. It backs early-stage, technology-driven startups with a global reach, focusing on AI, deep tech, cleantech, healthtech, fintech, HR tech, edtech, gametech, cybersecurity and life sciences, and operates from offices in Amsterdam, Istanbul, Estonia, Poland, Georgia, Azerbaijan, Kazakhstan and Uzbekistan.

Founded in 2015, FJ Labs is a New York-based venture capital firm focusing on stage-agnostic investments in marketplaces and consumer-facing startups. Their investment range varies from $50,000 to $5,000,000, typically at seed or series A stages.

Founded in 2022, BADideas.fund is an early-stage angel syndicate based in Riga, Latvia. It provides €50k-€100k funding to startups in Central and Eastern Europe.

Founded in Berlin in 2012, Project A Ventures is an early-stage venture capital firm that combines financial support with operational services for technology companies. With over $600 million in assets under management and a team of more than 100 experts across software engineering, business intelligence, marketing, and recruiting, the firm offers comprehensive assistance to its portfolio companies. Notable investments include Trade Republic, sennder, KRY, Catawiki, WorldRemit, Spryker, and Voi.

APY Ventures is a venture capital firm based in Istanbul, Turkey, focusing on early-stage technology startups.

Established in 2015 and headquartered in Istanbul, Boğaziçi Ventures is a prominent investment firm specializing in the technology sector. With a track record of over a hundred investments across diverse verticals and geographies, they actively support their portfolio companies through mentorship and knowledge transfer, fostering international success.

G Squared is a venture capital investment firm founded in 2011 and headquartered in Chicago, Illinois. It partners with portfolio companies throughout their lifecycle, providing primary capital to sustain growth and transitional capital to deliver liquidity to early investors, current and former employees, and other sellers as private companies stay private longer. The firm targets a broad mix of sectors, including B2B and B2C software, financial services, information technology, SaaS, mobile, e-commerce, data and cloud technologies, insurtech, IoT, marketing and education technology, legal technology, mobility, real estate technology, and restaurant technology. Its portfolio includes prominent names such as 23andMe, Coursera, Instacart, Lyft, Pinterest, Spotify, Asana, Blend, Bolt, Brex, Capsule, Flexport, Impossible Foods, Toast, and Turo. G Squared operates as a registered Investment Adviser.

Founded in London, NordicNinja VC is a venture capital firm investing in early-stage companies across Northern Europe. Focusing on sectors such as robotics, automation, health tech, and AI, the company supports scaling businesses that promote environmental and social characteristics.

Founded in London in 2011, Passion Capital is a venture capital firm dedicated to supporting early-stage technology companies. They focus on fostering an ecosystem of innovation and collaboration in Europe, believing that the passion and ability of founders are key assets for success. Notable investments include GoCardless, Monzo Bank, and Marshmallow.

Founded in 2006, Atomico is an international investment firm based in London. It focuses on partnering with disruptive technology companies across Europe and beyond, providing operational support to accelerate growth. The firm invests at various stages, from seed to growth capital.

Founded in London in 2014, Mosaic Ventures is a venture capital firm that invests $1-10 million early in daring startups across Europe. With over 50 years of collective tech experience on both sides of the Atlantic, their partners have worked in leading Silicon Valley startups since the dawn of the Internet. They are a small team, typically making just a few new investments per year, and are committed to long-term success.

Aconterra Capital Partners, founded in 2019 and based in Antwerp, Belgium, is a venture capital investment firm focused on startups and scale-ups in the technology sector. The firm specializes in investing in solutions that enhance smart homes and buildings, aiming to connect individuals and integrate Internet of Things (IoT) devices and applications. Aconterra is particularly interested in companies that leverage data science, artificial intelligence, and sensor technology to promote sustainability and energy efficiency. By targeting businesses operating at the intersection of these fields, Aconterra seeks to support innovations that minimize ecological impact while enhancing the functionality and efficiency of residential and commercial environments, primarily in Western and Northern Europe as well as the United States.

European Bank for Reconstruction and Development finances projects and provides advisory services to the public and private sectors. It supports new ventures and expansion in existing companies through project financing, loans, and equity or quasi-equity investments, including equity funds and guarantees, and it partners with private entities to invest across sectors such as banking, energy, manufacturing, infrastructure, information technology, and services. The bank also helps publicly owned entities privatize and restructure municipal services and engages in policy reform dialogue and advisory services, along with trade finance and loan syndication. Founded in 1990 and headquartered in London, it operates across regions including Southeastern and Central Europe, the Baltic States, Eastern Europe and the Caucasus, Central Asia, and parts of the Middle East and Africa, aiming to foster market-oriented change and private sector development by mobilizing capital for sustainable investments. It has invested more than €130 billion in over 5,200 projects.

Flashpoint is an international investment group focused on Western technology companies founded by expatriates from Emerging Europe and Israel. The firm manages multiple venture funds, including four venture capital funds, a venture debt fund, and a secondary fund, with assets under management around 500 million dollars. It serves a global investor base of more than 120 family offices and high-net-worth individuals. Flashpoint maintains offices in London, Tel Aviv, Budapest, Warsaw, Riga, and Nicosia, and has backed more than 50 portfolio companies, with notable exits such as Shazam to Apple and Chess.com to the PokerStars founders and General Atlantic.

Practica Capital is a Vilnius-based venture capital firm focused on backing Baltic technology founders at early stages. For more than ten years, it has invested in tech startups across the Baltic States and the Nordic region, supporting seed and selected pre-seed and Series A rounds. The firm collaborates with a broad network of co-investors, including local and international VCs, accelerators and incubators, angels, corporates, public agencies, and banks, to help portfolio companies grow and scale. It prioritizes hands-on involvement to help founders build sustainable businesses and strengthen the Baltic startup ecosystem.

Maersk Growth is the partner for external innovation for Maersk, serving as the corporate venture capital arm that invests in startups and new technologies to decarbonize transportation and shipping. Founded in 2017 and based in Copenhagen, Denmark, the company focuses on climate tech and energy transition opportunities and pursues collaborative proof-of-concept initiatives within logistics and supply chain technologies, aligning investments with Maersk's strategic priorities. By supporting early-stage ventures and partnerships, Maersk Growth aims to accelerate solutions that enhance efficiency, reduce emissions, and advance sustainable growth across global logistics networks.

3VC is a venture capital group based in Vienna, Austria, founded in 2017. The firm specializes in investing in a select group of European technology startups that demonstrate global potential, primarily focusing on Series A rounds. 3VC's investment strategy encompasses various sectors, including artificial intelligence, development tools, deep-tech, security, augmented and virtual reality, data analytics, digital health, and mobile applications. The firm is committed to supporting its portfolio companies by providing extensive resources and access to a global network of co-investment partners. Notable companies in its portfolio include Assaia, Kaia Health, Lokalise, Picsart, Storyblok, and Tatum.

Established in 2011 and headquartered in San Jose, California, Hackers/Founders is a venture capital firm focusing on seed to later-stage investments in technology companies. It primarily invests in the Silicon Valley, San Jose Area, and Mexico regions.

Firestartr is a venture capital firm based in London that backs digital entrepreneurs across SaaS, cloud, infrastructure, digital media, fintech and e-commerce. It provides capital and hands-on support, drawing on the founders' entrepreneurial experience and a wide network of senior advisors to drive sustainable growth from seed stage to Series A and beyond.

Icebreaker.vc is a venture capital firm headquartered in Helsinki, Finland. The firm focuses on early‑stage investments in the software sector within Finland, typically committing between 40,000 and 350,000 euros to each portfolio company. It operates as a dedicated fund manager, providing capital and strategic support to emerging technology businesses in the region.