15 Best Active Investors in Tallinn in 2024

In the vibrant investment landscape of Tallinn, certain names stand out, consistently identifying and supporting groundbreaking ventures. As we journey into 2024, we've compiled a list of the top investors in Tallinn, showcasing those who've demonstrated exceptional acumen, vision, and commitment to fostering innovation in the region.


This list is the result of tracking investment activity across +2,500 venture capital investors in Europe, and only includes funds that have invested in at least 5 startups in Tallinnin the past 12 months (not just investors with offices in Tallinn). Whether you're an experienced founder who have raised capital in the past or you're fundraising for the first time, our curated list of the top Tallinn VCs in 2024 will be tremendously helpful in your journey.


Last update to the database: Dec 24, 2024. See changelog.


Icon Investor Rankings are calculated using our Seedtable Score – a 1 to 100 score that uses quantitative and qualitative data points (like the size of their fund or the quality of the companies they invested in) to signal the strength behind an investor. A score closer to 100 indicates an investor is worth watching closely.

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List of 15 top Tallinn VCs

Harju Elekter Group, based in Tallinn, is a venture capital fund focusing on Series B investments. They support companies in manufacturing, energy, nuclear, climate tech, and green tech sectors. Noteworthy investments include Skeleton Technologies. Harju Elekter Group is dedicated to backing businesses that positively impact the environment and industry.

35

Offices:

No data available

Investment Stage:

No data available

Check Size:

$100k - $500k

Industries:

No data available

Top investments in Tallinn:

No data available

Harju Elekter Group, based in Tallinn, is a venture capital fund focusing on Series B investments. They support companies in manufacturing, energy, nuclear, climate tech, and green tech sectors. Noteworthy investments include Skeleton Technologies. Harju Elekter Group is dedicated to backing businesses that positively impact the environment and industry.

35

Offices:

Tallinn

Tallinn

Investment Stage:

Series B

Check Size:

$20M - $30M

Industries:

Climate Tech & Green Tech, Energy & Nuclear, Manufacturing

Top investments in Tallinn:

Skeleton Technologies (
56)

NordicNinja VC, based in Helsinki, invests in tech startups from seed to series D stages, with investments ranging from $1M to $6M. Their focus includes AI, data analytics, mobility, gaming, health tech, and more. Notable investments include Onego Bio and Einride. The fund supports Nordic and Baltic companies that are shaping the future.

31

Offices:

Helsinki (HQ)

Stockholm

Tallinn

Investment Stage:

Seed, Series A, Series B, Series C, Series D, Unknown

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Health Tech, FinTech

Top investments in Tallinn:

Bolt (
56)
, Einride (
56)
, Ready Player Me (
56)

A venture capital firm investing in pre-seed and seed technology startup companies operating in the Baltic States.

30

Offices:

Tallinn (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Unknown

Check Size:

$500k - $40M

Industries:

Climate Tech & Green Tech, Edtech, FinTech

Top investments in Tallinn:

Veriff (
56)
, Eurora (
48)
, Giraffe360 (
48)

Metaplanet Holdings is a venture capital fund based in Tallinn. It invests in companies from seed stage to series B, focusing on sectors such as AI, biotech, and fintech. Notable investments include Vortexa, Lightyear, and Element. The fund aims to support early-stage ventures across various industries.

23

Offices:

Tallinn (HQ)

Investment Stage:

Seed, Series A, Series B, Unknown

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Tallinn:

Vortexa (
71)
, Argent (
56)
, Element (
52)

Karma Venture, based in Tallinn, is a venture capital fund investing in early-stage tech startups from seed to series B, with check sizes from $0 to $5 million. They focus on companies with unique ideas and strong growth potential in sectors like AI, cybersecurity, and health tech. Supporting firms commercially, strategically, and technically, their portfolio includes Tuum, Realeyes, and Hydrogrid.

22

Offices:

Tallinn (HQ)

Investment Stage:

Seed, Series A, Series B, Unknown

Check Size:

$2.5M - $30M

Industries:

Health Tech, Edtech, FinTech

Top investments in Tallinn:

Tuum (
60)
, Druid (
44)
, Wirepas (
44)

Superangel, a venture capital fund based in Tallinn, focuses on early-stage technology and healthcare companies across the Baltics and Nordics. They typically invest between $100,000 and $500,000 in startups within areas like developer tools, cloud services, fintech, and mobility solutions. Notable portfolio companies include Nanordica Medical, Vok Bikes, Fyma, Grünfin, and Salv. Superangel aims to support the growth of startups with strong potential in diverse tech and industrial sectors.

22

Offices:

Tallinn (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Series C, Unknown

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Tallinn:

Bolt (
56)
, Bob W (
48)
, Montonio (
41)

Icebreaker is a venture capital fund based in Helsinki. They invest in early-stage tech companies, ranging from idea-stage to Series B, with check sizes between €150,000 and €800,000. Their focus includes sectors like AI, health tech, and cybersecurity. Icebreaker has backed companies such as Fixably, Alvin, eBrands, Accurator, and Klaus, seeking teams with deep domain expertise and ambitions to build globally competitive tech firms.

19

Offices:

Helsinki (HQ)

Stockholm

Tallinn

Investment Stage:

Angel, Pre Seed, Seed, Series A, Series B, Unknown

Check Size:

$100k - $40M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Tallinn:

Tesseract (
61)
, Alvin (
41)
, HoxHunt (
41)

Lemonade Stand is a venture capital fund based in Tallinn, specializing in early-stage investments. They support Baltic and East European founders with check sizes from $25,000 to $300,000. The fund backs startups in sectors such as real estate, biotech, AI, and fintech. Portfolio companies include Woola, Fyma, and Grünfin. Whether providing seed or pre-seed funding, Lemonade Stand aims to help founders bring their ideas to life.

19

Offices:

Tallinn (HQ)

Investment Stage:

Pre Seed, Seed, Unknown

Check Size:

$100k - $5M

Industries:

Climate Tech & Green Tech, Health Tech, FinTech

Top investments in Tallinn:

Fyma (
37)
, Outvio (
33)
, Woola (
33)

A mentor-driven startup accelerator offering a three month accelerator program.

19

Offices:

Tallinn (HQ)

Investment Stage:

Pre Seed, Seed, Series C, Unknown

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Edtech, FinTech

Top investments in Tallinn:

Bolt (
56)
, Ready Player Me (
56)
, kevin. (
48)

SmartCap is a venture capital fund based in Tallinn, focused on early-stage companies in sectors such as energy, climate tech, manufacturing, agritech, and real estate technology. They provide essential seed financing to help Estonian companies expand globally. As a subsidiary of the Estonian Business and Innovation Agency, SmartCap operates under the Estonian Financial Supervisory Authority. Their portfolio includes UP Catalyst, Bisly, CupLoop, and Paul-Tech. For more information, visit www.smartcap.ee.

19

Offices:

Tallinn

Investment Stage:

Seed, Series A

Check Size:

$2.5M - $10M

Industries:

Climate Tech & Green Tech, Agritech, Proptech & Real Estate

Top investments in Tallinn:

Bisly (
34)
, UP Catalyst (
33)
, eAgronom (
31)

Spring Capital is a venture capital fund based in Tallinn. They invest in early-stage companies across the Baltics and Scandinavia, with investments ranging from $250k to $5M. Focus sectors include tech, security, mobility, and entertainment. Notable portfolio companies are Salesforge, Teamscope, Ready Player Me, FoodDocs, and Vembla. Spring Capital aims to support startups with strong growth potential in diverse business areas.

18

Offices:

Tallinn (HQ)

Investment Stage:

Pre Seed, Seed, Unknown

Check Size:

$100k - $5M

Industries:

Edtech, FinTech, Foodtech

Top investments in Tallinn:

Ready Player Me (
56)
, FoodDocs (
28)
, Teamscope (
25)

We are a venture capital fund supporting forward-thinking founders from Estonia, Latvia, Lithuania, Finland and Ukraine.

16

Offices:

Tallinn (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Unknown

Check Size:

$100k - $10M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Tallinn:

CybExer Technologies (
34)
, Certific (
33)
, eAgronom (
31)

Breakaway Partners OÜ is a venture capital fund based in Tallinn, focusing on funding and mentoring early-stage companies working with cutting-edge technology and digital content. Notable investments include Dinlebi. They support founders driving industry change.

9

Offices:

San Diego

Amsterdam

Tallinn (HQ)

Investment Stage:

Seed

Check Size:

$1M - $2.5M

Industries:

AI, Music and Audio, Media and Entertainement

Top investments in Tallinn:

Dinlebi (
15)

LHV Ventures is a venture capital fund based in Tallinn, investing in early and growth-stage companies with check sizes ranging from 0 to 1 million euros. They focus on technology and finance sectors. As part of a domestic financial group offering banking, financial advisory, and securities brokerage services, LHV Ventures supports promising companies, helping them grow and succeed. Entrepreneurs benefit from their financial sector experience and commitment to business growth.

1

Offices:

Tallinn (HQ)

Investment Stage:

No data available

Check Size:

$100k - $500k

Industries:

No data available

Top investments in Tallinn:

No data available