Who invests in startups in Estonia
26 investors back startups in Estonia: funds, accelerators and angel networks with at least two portfolio companies there, 97 portfolio startups in all. The most active here are Specialist VC (17), SmartCap (15) and Techstars (12). 10 of them are accelerators.
Investors backing startups in Estonia
| Investor | Startups here | Portfolio rounds, 12 mo | Latest activity |
|---|---|---|---|
 Specialist VCVenture capital · Estonia · Bolt, Veriff, Starship Technologies | 17 | 3 | Jul 2026 |
 SmartCapVenture capital · Estonia · Starship Technologies, Skeleton Technologies, Frankenburg Technologies | 15 | 3 | Sep 2026 |
 TechstarsAccelerator · United States · Lingvist, Cachet, Votemo | 12 | 97 | Oct 2026 |
 Change VenturesVenture capital · Estonia · Veriff, Timbeter, Modash | 11 | 3 | Aug 2026 |
 SuperangelVenture capital · Estonia · Bolt, Veriff, Starship Technologies | 9 | 4 | Sep 2026 |
 Tera VenturesVenture capital · Estonia · Montonio, Cleveron, Jobbatical | 9 | – | – |
 Beamline AcceleratorAccelerator · EstBAN, Kliimaministeerium, Keskkonnainvesteeringute Keskus | 8 | 1 | Jul 2026 |
 Livonia PartnersPrivate equity · Latvia · Digmatix, Telema, Scoro | 8 | – | – |
 Meta PlanetVenture capital · Estonia · Veriff, Starship Technologies, Funderbeam | 7 | 22 | Oct 2026 |
 BuilditAccelerator · Latvia · Bercman Technologies, ™ Striga, GlobalReader OÜ | 6 | – | – |
 Plug and PlayAccelerator · United States · SkySelect, Fibenol, Zeew | 5 | 154 | Nov 2026 |
 500 GlobalAccelerator · United States · Erply, arf, Clanbeat | 4 | 35 | Oct 2026 |
 YoloVenture capital · eAgronom, Swapin, Coolbet | 4 | 2 | May 2026 |
 BalnordVenture capital · Luxembourg · Insly, eAgronom, Assessio | 3 | 10 | Sep 2026 |
 Gorilla CapitalVenture capital · Finland · Montonio, Feelingstream, Moderan Solutions | 3 | 3 | Nov 2026 |
 NordicninjaVenture capital · Finland · Bolt, Veriff, Starship Technologies | 3 | 2 | May 2026 |
| HHealth FoundersAccelerator · Estonia · EstBAN, TalTech, Startup Estonia | 3 | – | – |
 InnovXAccelerator · Karma Ventures, Trind Ventures, Lemonade Stand | 3 | – | – |
 Y CombinatorAccelerator · United States · Veriff, ™ Striga | 2 | 255 | Oct 2026 |
 Phoenix CourtVenture capital · United Kingdom · Starship Technologies, Jobbatical | 2 | 67 | Oct 2026 |
 SeedcampAccelerator · United Kingdom · Salv, Erply | 2 | 58 | Oct 2026 |
 SpeedinvestVenture capital · Austria · EstateGuru, Investly | 2 | 31 | Oct 2026 |
 Passion CapitalVenture capital · United Kingdom · Remato, Salv | 2 | 7 | Sep 2026 |
 BRYCK Startup AllianceAccelerator · Germany · Fusebox, PowerUP Energy Technologies | 2 | 4 | Jan 2026 |
 Black Pearls VCVenture capital · Poland · Insly, eAgronom | 2 | 1 | Aug 2026 |
 Lagoon CapitalAngel network · Finland · Trind Ventures, Siena Secondary Fund | 2 | 1 | Jun 2026 |
The most backed startups in Estonia
| Startup | Investors in this list |
|---|---|
 eAgronom | 6 |
 Veriff | 6 |
 Starship Technologies | 6 |
 Montonio | 4 |
 Salv | 4 |
 Gelatex | 3 |
 Jobbatical | 3 |
 SkySelect | 3 |
 Bolt | 3 |
 Lingvist | 2 |
 Complok | 2 |
 Inspectle | 2 |
 ™ Striga | 2 |
 Scoro | 2 |
 Trind Ventures | 2 |
More on startups in Estonia
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Questions
Who invests in startups in Estonia?
26 investors back startups in Estonia: funds, accelerators and angel networks with at least two portfolio companies there, 97 portfolio startups in all. The most active here are Specialist VC (17), SmartCap (15) and Techstars (12). 10 of them are accelerators.
How is this list built?
From what each investor holds: the portfolio page it publishes, the Y Combinator directory and the announced rounds that name it. An investor counts for Estonia when at least two of its portfolio companies are based there; the list is rebuilt every night from 2,414 portfolios.