Thorgate

Thorgate, established in 2011, is a product development studio offering design and software development services. Based in Tallinn, London, and Oslo, the company specializes in creating complex web and mobile applications. Their services include product design, Python development, and mobile development using React Native. Thorgate also provides product consulting, helping clients with business strategy and product design. Additionally, Thorgate Ventures, founded in 2014, is the seed-stage venture capital arm of Thorgate. It invests in up to four B2B technology companies annually, seeking teams with a strong balance of team culture, passion, rationality, and execution power.

Raido Pikkar

Chairman and Partner

Past deals in Baltics

Xolo

Series A in 2021
Xolo OU, founded in 2015 and based in Tallinn, Estonia, offers an online platform designed to assist freelancers, contractors, and digital nomads in managing their microbusinesses. The company provides two primary services: Xolo Go, which facilitates the creation of a virtual company, and Xolo Leap, an EU-based company option. Targeting approximately 40 million independent professionals globally, Xolo aims to minimize business administration tasks by integrating company formation, banking, accounting, and related services into a single, user-friendly platform. This approach allows individuals, particularly in markets such as Germany, Spain, France, the UK, Ukraine, and Turkey, to quickly and easily launch and operate one-person businesses. Xolo's typical clientele includes software developers, management consultants, designers, and other independent professionals seeking a streamlined solution for enterprise management.

EZIIL

Seed Round in 2020
Eziil Production Intelligence OU is a software development company based in Viljandi, Estonia, specializing in solutions for manufacturing firms. Founded in 2016, Eziil offers a software platform that enables users to track and report production data in real-time. The company's technology incorporates artificial intelligence and systematic tracking, providing a framework that enhances production efficiency. By utilizing Eziil's software, manufacturing companies can achieve lower production costs, improved quality, and increased profitability.

EZIIL

Pre Seed Round in 2019
Eziil Production Intelligence OU is a software development company based in Viljandi, Estonia, specializing in solutions for manufacturing firms. Founded in 2016, Eziil offers a software platform that enables users to track and report production data in real-time. The company's technology incorporates artificial intelligence and systematic tracking, providing a framework that enhances production efficiency. By utilizing Eziil's software, manufacturing companies can achieve lower production costs, improved quality, and increased profitability.

Xolo

Series A in 2019
Xolo OU, founded in 2015 and based in Tallinn, Estonia, offers an online platform designed to assist freelancers, contractors, and digital nomads in managing their microbusinesses. The company provides two primary services: Xolo Go, which facilitates the creation of a virtual company, and Xolo Leap, an EU-based company option. Targeting approximately 40 million independent professionals globally, Xolo aims to minimize business administration tasks by integrating company formation, banking, accounting, and related services into a single, user-friendly platform. This approach allows individuals, particularly in markets such as Germany, Spain, France, the UK, Ukraine, and Turkey, to quickly and easily launch and operate one-person businesses. Xolo's typical clientele includes software developers, management consultants, designers, and other independent professionals seeking a streamlined solution for enterprise management.

Xolo

Equity Crowdfunding in 2017
Xolo OU, founded in 2015 and based in Tallinn, Estonia, offers an online platform designed to assist freelancers, contractors, and digital nomads in managing their microbusinesses. The company provides two primary services: Xolo Go, which facilitates the creation of a virtual company, and Xolo Leap, an EU-based company option. Targeting approximately 40 million independent professionals globally, Xolo aims to minimize business administration tasks by integrating company formation, banking, accounting, and related services into a single, user-friendly platform. This approach allows individuals, particularly in markets such as Germany, Spain, France, the UK, Ukraine, and Turkey, to quickly and easily launch and operate one-person businesses. Xolo's typical clientele includes software developers, management consultants, designers, and other independent professionals seeking a streamlined solution for enterprise management.
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