Prototron

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.

Jana Pavlenkova

CEO

50 past transactions

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.

Solaride

Grant in 2021
Solaride is an Estonian company that offers educational programs for young people in science, technology, engineering, and mathematics (STEM) fields. Its primary project is the development of Estonia's first solar car, which serves as a hands-on learning experience for students. By engaging in this project-based learning, Solaride aims to inspire a passion for innovation and entrepreneurship, ultimately helping to address the shortage of future engineers in the education sector.

Neurosalience

Grant in 2021
Neurosalience is a health technology company focused on developing a tool for the early detection of dementia using structural MRI scans and CT data. The innovative tool is designed to process even low-resolution images, allowing for more accessible detection of dementia in patients. By enhancing the ability of healthcare providers to identify dementia early, Neurosalience aims to reduce patient-related costs and improve the overall quality of life for those affected. The company’s approach addresses a critical need in the healthcare sector, facilitating timely interventions and better management of dementia-related conditions.

Parcelsea

Grant in 2021
Parcelsea is a technology company that specializes in providing an open network platform for e-commerce users and last-mile delivery service providers. The firm has developed innovative parcel lockers that facilitate the secure and contact-free acceptance of packages and groceries. These lockers can be utilized by courier companies, grocery stores, and individuals, allowing for seamless storage and delivery of parcels. By offering a user-friendly and secure solution, Parcelsea aims to enhance the efficiency of parcel acceptance and delivery, addressing the evolving needs of consumers and businesses in the logistics sector.

RAIKU Packaging

Grant in 2021
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.

10Lines

Grant in 2020
10Lines focuses on the development of autonomous robots aimed at enhancing efficiency in the pavement marking industry, particularly for parking lot layouts. The company's innovative solutions enable striping businesses to complete their work more rapidly while reducing their environmental impact. By utilizing these advanced technologies, striping companies can significantly increase productivity, allowing them to accomplish more tasks with the same workforce. This approach not only streamlines operations but also promotes sustainability in the striping process.

Krattworks

Pre Seed Round in 2019
Krattworks is a manufacturer of military-grade aerial drones designed to combat forest and landscape fires. The company specializes in producing electronic warfare resilient drones that are free from Chinese components, allowing for local production in various markets. Utilizing advanced machine learning and artificial intelligence, Krattworks' drones monitor wildfire areas and stream critical data to rescue teams via mobile networks. This capability enables responders to make informed decisions swiftly, enhancing their ability to manage and mitigate the escalation of wildfires effectively.

Wastefox

Grant in 2019
Wastefox is a biotechnology company that focuses on converting biowaste into biofertilizers.

UP Catalyst

Grant in 2019
UP Catalyst is a manufacturer focused on producing sustainable carbon nanomaterials and graphite for the green energy storage industry. The company specializes in utilizing carbon dioxide through electrolysis to recycle waste materials, addressing the growing demand for graphite while ensuring environmentally friendly sourcing of carbon materials. This innovative approach enables clients to incorporate UP Catalyst's nanomaterials into various applications, including battery and supercapacitor technologies, conductive and strengthening coatings, polymer formulations, and water filtration systems. Through its commitment to sustainability, UP Catalyst aims to contribute to the development of greener energy solutions.

Vetik

Pre Seed Round in 2018
Vetik is a company focused on developing natural algae-based red colorants specifically for the cosmetics industry. It specializes in the production of phycoerythrin, a pigment derived from red seaweed, which provides a healthy and sustainable alternative to synthetic dyes commonly used in cosmetics. Vetik's innovative approach includes collaboration with biostimulant producers and industrial partners to create products from biorefinery sidestreams. The company aims to valorize local red seaweed, thus contributing to the biotechnology sector by offering eco-friendly solutions that enhance the safety and efficacy of cosmetic formulations. With colors ranging from dark red to pink, Vetik's products not only provide aesthetic appeal but also possess skin rejuvenating properties, promoting a natural approach to beauty.

Decomer Technology

Pre Seed Round in 2018
Decomer Technology specializes in the development of innovative water-soluble and edible packaging materials. This company aims to provide an eco-friendly alternative to traditional plastic packaging, which poses environmental hazards. Its packaging solutions are plant-based, designed to dissolve in water, and comprised of natural components that can be easily composted. By offering water-soluble and edible containers, Decomer Technology seeks to address the growing demand for sustainable packaging options, catering to environmentally conscious consumers and businesses.

Captain Corrosion

Pre Seed Round in 2018
Captain Corrosion provides corrosion consultation and corrosion testing services.

Questcity

Seed Round in 2018
Questcity is a software development company that specializes in creating interactive and educational route applications, known as "quests". These quests are designed to help users explore and learn about cities, conferences, or events in an engaging and novel way. The company constructs these quests through its website and offers them for sale, providing clients with a unique and interactive experience.

Triumf Health

Grant in 2018
Triumf Health is a digital health company specializing in personalized, gamified therapeutics for pediatric patients. It offers a mobile game that combines validated psychological theories with machine learning to monitor and support children's well-being. The game's data is analyzed and presented on a dashboard for care teams to enhance treatment monitoring, medical visit effectiveness, and patient-doctor communication. Triumf has demonstrated the game's positive impact on emotional state and health-related quality of life in clinical studies, with high acceptability and recommendation rates. Currently, the game is available for Android in multiple languages, featuring paths for children with cancer, diabetes, asthma, weight problems, and surgery. Ongoing randomized control trials are evaluating its effectiveness in various pediatric conditions.

HackMotion

Pre Seed Round in 2016
HackMotion is a company that specializes in wearable motion capture technology tailored for sports, particularly golf. It has developed a smart wrist sensor designed to enhance wrist mechanics, which is essential for achieving optimal ball flight. The sensor provides real-time measurement of the wearer's movements, allowing golfers to analyze their posture and technique. This immediate feedback enables players to receive precise data after each swing, facilitating a more efficient learning process. By focusing on the biomechanics of golf, HackMotion aims to improve performance and help athletes refine their skills through detailed analysis of their movements.

Gelatex

Pre Seed Round in 2016
Gelatex is a materials technology company based in Estonia, founded in 2016 and incorporated in the UK in 2019. The company specializes in producing bio-based nanofibers using a patented technology that allows for large-scale production at significantly lower costs. Gelatex's nanofibers are derived from gelatin sourced from low-value waste in the meat and leather industries, ensuring that its products are environmentally friendly and made from natural, non-toxic substances. Initially focused on developing eco-friendly leather-like textiles, the company recognized the broader applications of its technology during the COVID-19 pandemic, leading to a strategic pivot. Gelatex's innovative solutions have potential applications in various fields, including tissue engineering, cultured meat production, bio-based filtration, energy storage, and wound care.

Tark Energia

Pre Seed Round in 2016
Tark Energia is a company that specializes in the development of innovative smart radiators. These radiators are designed to utilize heat energy generated from computer servers to efficiently heat residential spaces. By harnessing this waste heat, Tark Energia provides a solution that not only enhances energy efficiency but also helps consumers reduce their electricity costs. The company's approach enables a sustainable method of home heating, contributing to both economic savings for users and a reduction in overall energy consumption.

Creatomus Solutions OÜ

Pre Seed Round in 2016
Creatomus is an online application in 3D that allows the end user to customise their future home, while keeping them updated about the performance indication and the cost of building.

Smart Load Solutions

Seed Round in 2016
Smart Load Solutions offers an optimization service for electricity consumers and producers. Its open API cloud platform reduces electricity bills by optimizing and shifting load according to day-ahead prices.

Genosity

Grant in 2016
Genosity is a health technology company that specializes in the development of gene testing machines. These devices utilize a mouth swab to analyze an individual's genetic material, allowing users to investigate potential genetic issues. By offering an affordable genetic testing solution, Genosity aims to provide essential information about genes, facilitating better understanding and management of genetic-related health concerns.

Saunum

Grant in 2016
Saunum is a company which develops technology that distributes the hot and the cold air in a sauna evenly.

Full Profile

Grant in 2016
Full Profile is a company that specializes in providing a web-based customer profiling service aimed at marketers. It offers affordable and efficient custom research by utilizing the digital footprints left by customers on various online platforms, including websites, forums, and social networks. This innovative approach allows marketers to gain comprehensive insights into customer behavior and preferences, thereby creating detailed customer profiles. By streamlining the research process, Full Profile helps marketers better understand their target audiences, enhancing their ability to tailor marketing strategies and improve overall engagement.

Hepta Insights

Grant in 2016
Hepta Airborne Ltd specializes in airborne inspection and technical analysis, offering consulting services primarily for the electricity infrastructure sector. Utilizing advanced drones with a six-hour flight capability, the company conducts inspections of poles, lines, insulators, transformers, and other equipment, while also assisting in the planning and route selection for overhead lines, land cables, and renewable energy projects. Hepta Airborne integrates its drone technology with autonomous data processing platforms and various sensors to deliver accurate assessments, thereby enhancing efficiency for power grid operators. Additionally, the company provides geographic information system consulting and utility construction design services, ensuring comprehensive support for clients' needs. Founded in 2017 and headquartered in Tallinn, Estonia, Hepta Airborne emphasizes the importance of big data in optimizing inspection processes and reducing environmental impact.

Shipitwise

Non Equity Assistance in 2016
Shipitwise Ltd. is a Tallinn-based company founded in 2015 that specializes in providing web-based international shipping services. The company has developed a comprehensive SaaS platform aimed at digitalizing logistics operations for transportation companies. Shipitwise facilitates the connection between logistics service providers and their business customers through its API, enabling streamlined quotation, pickup, and insurance services. Additionally, Shipitwise offers a full-service shipping solution designed for travelers, allowing them to book shipping for sports equipment and personal belongings globally. This service caters to travel agencies, businesses, and logistics companies, enhancing the efficiency of their shipping processes.

Themo

Pre Seed Round in 2016
Themo is a cleantech company specializing in smart thermostat solutions that leverage Internet of Things (IoT) technology to optimize energy consumption. Themo's platform focuses on electricity management, utilizing cloud-based virtual power pool tools to enhance the efficiency of electricity use. By assisting clients in managing their electric heating systems, Themo aims to lower energy usage and reduce the carbon footprint associated with heating costs.

Bikeep

Pre Seed Round in 2016
Bikeep is a company specializing in the development and manufacturing of locking and charging stations for e-bikes and e-scooters, as well as high-quality commercial bike racks and parking systems. Founded in 2013 and headquartered in San Francisco, California, Bikeep aims to enhance the accessibility and security of bike parking. Its bike racks are integrated with a mobile application, allowing users to lock their bikes via smartphone or transportation cards, ensuring restricted access for designated individuals such as employees or students. Additionally, Bikeep offers e-scooter stations, bike shelters, bike sheds, and bicycle lockers, facilitating a more bike-friendly environment in businesses and public spaces, thereby attracting more cyclists.

Shaperize

Pre Seed Round in 2016
Shaperize is a 3D printing company based in Tallinn, Estonia, specializing in comprehensive services that include 3D scanning, 3D printing, and 3D modeling. The company caters to a diverse range of customer needs by offering customized solutions in the realm of 3D technology. In addition to its service offerings, Shaperize also sells 3D printers, 3D pens, and filaments, positioning itself as a one-stop shop for all printing-related requirements. This approach allows clients to access tailored printing solutions that align with their specific preferences and requirements.

Sprayprinter

Grant in 2015
SprayPrinter OÜ, founded in 2015 and headquartered in Tartu, Estonia, develops and markets innovative handheld printer devices that enable users to create wall art easily. The device connects to a smartphone via Bluetooth, allowing users to select images from an application and then spray paint them onto surfaces using a specially designed nozzle attached to a spray can. This technology transforms user-selected designs into unique wall art, appealing primarily to DIY homeowners who appreciate creative and contemporary solutions. Additionally, SprayPrinter aims to foster a community that connects artists with customers, enhancing the overall experience of bringing color and beauty into everyday life.

Sympower

Grant in 2015
Sympower is a developer of sustainable energy solutions focused on enhancing the flexibility of energy users to support a balanced electricity grid. The company partners with industry leaders to facilitate the transition to a net-zero future by unlocking revenue streams and providing stability in energy markets. Utilizing advanced, automated software, Sympower enables clients to temporarily adjust the power of their systems and processes in response to grid imbalances. Their innovative approach aggregates electrical appliances and integrates them into a smart system, allowing for the shifting of energy usage to more economical times. This empowers customers to leverage their existing flexibility, contributing to a fully renewable energy grid while enhancing the value of their energy assets.

Feelingstream

Grant in 2015
Feelingstream OÜ, based in Tallinn, Estonia, specializes in enhancing customer experiences by utilizing artificial intelligence to analyze large volumes of customer interactions across various communication channels, including emails, calls, chat, and feedback comments. Their LEADstream platform delivers real-time insights that are relevant for different organizational functions, such as executive management, product development, customer service, and sales. By providing a comprehensive overview of customer messages, Feelingstream enables businesses to identify critical opportunities for improvement, thereby increasing efficiency, boosting revenue, and enhancing customer satisfaction. Established in 2015, Feelingstream aims to foster a data-driven decision-making culture within large organizations, addressing the limitations of conventional decision-making processes that often rely on insufficient customer insights.

GlobalReader

Seed Round in 2015
GlobalReader is a developer of monitoring software focused on enhancing production line performance. The company's solution integrates data collection from various production processes, allowing for real-time insights into discrepancies between actual performance and planned output. By analyzing manufacturing efficiency losses, GlobalReader's software facilitates the identification of issues and the development of targeted improvement strategies. This flexible solution not only optimizes workflow but also enables clients to respond more swiftly to machine-related problems, ultimately driving greater production efficiency and effectiveness in manufacturing operations.

Cubehub

Grant in 2015
Cubehub is a provider of a crowdsourced network that addresses significant challenges in satellite operations, particularly limited communication time and the high costs associated with ground stations. The company's innovative network comprises fully integrated, cost-effective, and automated ground stations equipped with stationary hemispherical quadrifilar helix antennas. This design allows for improved reception at higher latitudes, where satellite passes typically last only about 10 minutes every 1.5 hours, with a 10-hour downtime during the night in polar orbits. By leveraging a network of multiple receivers across various geographical locations, Cubehub enables clients to significantly enhance their data download capabilities and ensure real-time satellite operations on a global scale.

Sensition

Seed Round in 2015
Sensition is a company focused on developing innovative camera hardware products that enhance image clarity. It specializes in creating a focus assist device that captures depth information in real time, enabling precise focus adjustments during complex scenes. This technology allows users to achieve superior picture quality in situations where traditional focus-pulling techniques may fall short. By combining comprehensive hardware and software expertise, Sensition aims to facilitate custom camera development, providing solutions that empower clients to produce better images in various photographic environments.

EdFox

Seed Round in 2015
EdFox - develop digital learning experiences that will help the educational system.

Foxcademy

Grant in 2015
Foxcademy is an education technology company that specializes in creating interactive digital studying platforms aimed at middle and high school students. It offers a marketplace of interactive science books and a comprehensive education program that includes engaging training materials and analytics. These resources are designed to enhance the learning experience by allowing students to explore new theories, reinforce their understanding through practice exercises, and assess their knowledge through tests. Foxcademy's platform is compatible with national education programs, making it a valuable tool for both students and educators.

Ultrinia

Seed Round in 2014
Ultrinia specializes in the development of biomimetic biomaterials that enhance the specificity of drug carriers and contrast agents. The company creates unique scaffolds that bridge the gap between two-dimensional and three-dimensional models, facilitating in vitro cell and pharmacology research with a focus on stem and cancer cells. By providing these advanced scaffolds, Ultrinia enables medical researchers to improve drug delivery precision and advance regenerative medicine research, ultimately contributing to better patient outcomes.

Smart Load Solutions

Seed Round in 2014
Smart Load Solutions offers an optimization service for electricity consumers and producers. Its open API cloud platform reduces electricity bills by optimizing and shifting load according to day-ahead prices.

Wise Velocity

Seed Round in 2014
Wise Velocity assists in gaining control of the expense of car ownership at any time and in any place. They employ a patented modular hardware solution that connects to vehicles or bikes, plus a cloud platform that records and analyses driving data and, as part of the agreement, shares this data on several levels.

BlindSense

Seed Round in 2014
BlindSense OU, based in Tartu, Estonia, develops innovative technology to assist blind and visually impaired individuals in using smartphones and tablets. Their primary product is a touch pen that features a refreshable Braille unit, enabling users to interact with digital devices through tactile feedback and optional voice assistance. This device allows blind users to navigate screens and access information in Braille, while also serving as a Braille keyboard for writing. The accompanying software enhances accessibility by converting operating systems to work seamlessly with the BlindSense device. Additionally, BlindSense offers a software subscription for educational institutions, facilitating access to educational materials in Braille for blind students. Through these solutions, BlindSense aims to improve the quality of life for blind individuals and support educational initiatives for the visually impaired.

Heelosophy

Seed Round in 2014
Heelosophy is a fashion technology company based in Tartu, Tartumaa, specializing in mass customization of shoe inserts. Founded in 2014, Heelosophy employs advanced sensors and automated 3D modeling to create smart inserts that are tailored to the unique walking patterns of each wearer. These customized insoles are designed to enhance comfort and support, particularly for those who wear high heels, and can be utilized in various types of footwear, including casual and formal options. By prioritizing individual comfort and balance, Heelosophy addresses common issues associated with wearing high heels, helping clients to walk more confidently and with reduced pain.

Organic Filter

Seed Round in 2013
Organic Filter offers R.O. system units and components, including valves, filters, flow restrictors, housings, and various quick-connect fittings, which are designed and manufactured by companies that specialize in this field. Their quality control process begins with the selection of materials, followed by a component inspection, assembly quality control, and testing of the final product.

Antelope Surgical Navigation

Seed Round in 2013
Antelope Surgical unites a team of skilled programmers, software architects and designers that closely co-operate with surgeons and doctors to create high-end medical software. That knowledge is combined with experienced surgeons from the field of oral-maxillofacial surgery, dental surgery and otolaryngology (ENT). Cooperation with surgeons has allowed them to create the image-guided surgery device that surgeons want to use. The user interface has been carefully designed to fit the surgeons' workflow and provide for the functionality that the surgeons are looking for. Crisp design and minimalistic approach make Antelope Surgical Navigation device the next-step in easy to use and versatile image-guided surgery.

Rikai Games

Seed Round in 2013
Rikai Games was a small game development studio that created “Bit by Bit - programming game” to teach programming logic to kids

Lingvist

Seed Round in 2012
Lingvist Inc. is a language-learning platform based in Tallinn, Estonia, that harnesses artificial intelligence, natural language processing, and adaptive machine learning algorithms to enhance the efficiency of language acquisition. Founded in 2012, the company offers a subscription-based service accessible through web, iOS, and Android platforms, catering to users both in Estonia and globally. The platform is designed to improve vocabulary by using neural networks to evaluate the learner's existing knowledge and customize the learning experience according to individual needs. This approach allows users to develop their language skills more effectively, enabling better expression and understanding.

High Mobility

Pre Seed Round in 2012
High Mobility is an open, API-first car data company that aims to create a leading environment for new mobility services. The company partners with major automotive brands, including Porsche and Mercedes-Benz, to provide innovative solutions in third-party insurance, electric vehicle charging, and fleet management. Its platform offers a privacy-focused connected car API supported by official factory resources, allowing users to access vehicle data from various manufacturers like BMW and MINI through a single interface. High Mobility also provides dedicated developer workspaces and vehicle emulators for specific models, enabling clients to create and test applications tailored to the automotive industry’s needs.

FABULONIA

Seed Round in 2012
Fabulonia is a 3D printing marketplace where original design rights holder can operate and offer customization and sales of 3D originals. The system also allows different levels of copyright protection, including free unlimited distribution or paid licenses. It also offers marketplace hosting, but hosting can also be done via private cloud space. Anton Vedeshin and Kimmo Isbjornssund co-founded the company in 2012 in Tallinn, Harjuma.

Flydog Marine

Seed Round in 2012
Flydog Marine is a company specializing in the development of monitoring products tailored for real-time contact measurements of the marine environment. It designs and manufactures fully customizable data buoys, vertical profiler buoys, and submersed profilers that accommodate a wide array of sensors. These innovative solutions enable various industries, including oceanic, oil, and gas, to efficiently collect crucial data. Over the years, Flydog Marine has engaged in numerous interdisciplinary projects that integrate mechanics, industrial design, electronics, human-machine interface (HMI), engineering, and prototyping, showcasing its commitment to advancing marine technology and data collection methods.

Shaka

Seed Round in 2012
Shaka produces a small sensor device that connects to the headphone socket of iPhones, iPod touches, or iPads. Through an accompanying application, this device captures and displays critical wind-related weather data, including current and average wind speed, maximum wind gust, ambient temperature, and wind direction. By transforming a smartphone into a portable weather station, Shaka's product provides accurate real-time wind information, catering to outdoor enthusiasts, athletes, and individuals engaged in various outdoor activities. This technology enables users to make informed decisions, enhancing both safety and enjoyment during their pursuits.

Qminder

Seed Round in 2012
Qminder OÜ, founded in 2011 and based in Tartu, Estonia, specializes in queue management solutions through its cloud-based platform, Qminder Connect. This smartphone application allows businesses to manage queues remotely using iPads, Macs, or other external screen devices. Qminder offers a range of services, including visitor management systems, automated patient queuing, click-and-collect systems, and service intelligence, catering to various industries such as retail, telecommunications, healthcare, education, and government. The platform is designed to enhance the customer experience by reducing wait times, enabling customers to shop rather than stand in line, ultimately aiming to boost sales and customer satisfaction. Qminder has gained the trust of numerous high-profile clients, including major telecom retailers and customer service locations for companies like Uber, Lyft, and eBay.

Comodule

Grant in 2012
Comodule GmbH, founded in 2014 and based in Berlin, Germany, operates an online platform designed for light electric vehicles, including bicycles and scooters. The platform enables users to monitor critical battery parameters, alleviating range anxiety by providing real-time data accessible via smartphones and wearables. Comodule's intuitive application not only assists users in route planning but also facilitates the transmission of usage data to original equipment manufacturers (OEMs). This allows manufacturers to gather valuable insights for product development while maintaining direct communication with end users. Comodule aims to enhance the user experience in the electric vehicle market by integrating advanced technology typically found in premium electric cars into lighter, more accessible vehicles.
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