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. This innovative solution is designed to process even low-resolution imaging data, allowing for improved diagnostic capabilities in identifying dementia at earlier stages. By enhancing the ability to detect this condition, Neurosalience aims to reduce patient-related costs and improve the overall quality of life for individuals affected by dementia. The company's approach provides healthcare providers with a valuable resource for more effective patient management and early intervention.

Parcelsea

Grant in 2021
Parcelsea is a technology firm that focuses on enhancing the e-commerce and last-mile delivery experience through its innovative open network platform. The company has developed secure and contact-free parcel lockers designed to accommodate packages and groceries. These lockers serve a variety of users, including courier companies, grocery stores, and individual customers, enabling them to store and send parcels efficiently and securely without the need for complex integrations. Parcelsea aims to create a user-friendly smart mailbox system that improves the overall parcel delivery process for all stakeholders involved.

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 is focused on creating autonomous robots that enhance the efficiency of pavement marking, specifically for parking lot layouts. By developing innovative technological solutions, the company aims to improve productivity for striping businesses while minimizing their environmental impact. These robots provide a sustainable method for striping, allowing firms to complete their tasks more quickly and effectively. As a result, striping companies can significantly increase their output without needing to expand their workforce, leading to cost savings and greater operational efficiency.

Krattworks

Pre Seed Round in 2019
KrattWorks specializes in the manufacture of military-grade aerial drones designed for electronic warfare resilience and equipped to combat forest and landscape fires. The company emphasizes the production of drones free from Chinese components, enabling local manufacturing in various markets. Utilizing machine learning and artificial intelligence, these drones monitor wildfire areas and stream real-time data to a server via mobile networks. This technology allows rescue teams to make informed decisions and respond effectively before situations escalate, thereby enhancing firefighting efforts and improving safety in affected regions.

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 sector. The company utilizes innovative electrolysis methods to convert carbon dioxide into these materials, addressing supply challenges in the graphite market while promoting environmental sustainability. By recycling waste materials, UP Catalyst provides eco-friendly solutions that enable clients to incorporate its nanomaterials into various applications, including battery and supercapacitor technologies, conductive coatings, polymer formulations, and water filtration systems.

Vetik

Pre Seed Round in 2018
Vetik specializes in developing natural algae-based red colorants for the cosmetics industry, focusing on the production of phycoerythrin from red seaweed. This innovative platform offers a healthy and sustainable alternative to synthetic dyes, showcasing colors ranging from dark red to pink. The company emphasizes the skin rejuvenating properties of its products, aiming to provide consumers with safer cosmetic options. Vetik collaborates with biostimulant producers and industrial partners to enhance product development and valorize local red seaweed, contributing to advancements in the biotechnology sector.

Decomer Technology

Pre Seed Round in 2018
Decomer Technology specializes in the development of innovative water-soluble and edible packaging materials. This eco-friendly alternative aims to replace traditional plastic packaging, which often poses environmental hazards. The company's materials are plant-based, dissolve in water, and consist of natural building blocks that are easily compostable. By offering water-soluble and edible containers, Decomer Technology provides clients with sustainable packaging solutions that contribute to reducing plastic waste and promoting a greener future.

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 engage with cities, conferences, or events in an innovative and interactive way. The company constructs its quests through a user-friendly website and offers them for sale, providing a unique and immersive experience for clients.

Triumf Health

Grant in 2018
Triumf Health is a digital health company specializing in personalized, gamified therapeutics for pediatric patients. It delivers mobile games that combine engaging gameplay with validated psychological theories to monitor and support children's well-being. The company's flagship product, a mobile game, caters to children with cancer, diabetes, asthma, weight problems, and surgery-related stress. It is available in multiple languages and has demonstrated positive effects on emotional state and health-related quality of life in clinical studies. Triumf's solution improves treatment monitoring, medical visit effectiveness, and patient-doctor communication by providing care teams with data-driven insights. The company aims to become the global leader in digital therapeutics for pediatric patients.

Hackmotion

Pre Seed Round in 2016
HackMotion is a company that specializes in wearable motion capture technology for sports, specifically focusing on golf. Its innovative wrist sensor is designed to help players learn proper wrist mechanics, which can enhance their ball flight and overall performance. By providing real-time measurements of the wearer's movements, HackMotion enables golfers to assess their posture and techniques accurately. The data collected allows for immediate feedback after each swing, facilitating a more efficient learning process and helping players improve their skills over time.

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 has developed a patented technology for producing bio-based nanofibers efficiently and cost-effectively, making it possible to produce these materials at a scale that is significantly faster and cheaper than traditional methods. Gelatex's production process utilizes gelatin derived from low-value waste in the meat and leather industries, ensuring that its products are made from natural and non-toxic substances, which promotes sustainability in the textile sector. Initially focused on creating eco-friendly leather-like textiles, the company pivoted during the COVID-19 pandemic to explore a broader range of applications for its nanofibers, including 3D scaffolds for tissue engineering, cultured meat, bio-based filters, energy storage, and wound care.

Tark Energia

Pre Seed Round in 2016
Tark Energia is a company that specializes in the development of smart radiators aimed at helping consumers reduce their electricity costs. These innovative radiators utilize heat energy generated from servers to provide efficient heating for homes. By leveraging this technology, Tark Energia offers a solution that not only enhances energy efficiency but also contributes to lowering power bills for users.

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 are designed to allow users to study their genetic information through a simple mouth swab. By providing an affordable option for genetic testing, Genosity enables individuals to identify potential genetic-related issues and gain valuable insights into their genetic makeup. This innovative approach aims to enhance accessibility to genetic testing and improve understanding of genetic health risks.

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 provider of a web-based customer profiling service designed to deliver affordable and efficient custom research for marketers. By leveraging the digital footprints left by customers across various platforms such as websites, forums, and social networks, Full Profile enables marketers to create comprehensive profiles of their target audience. This service aims to streamline customer research, making it accessible and cost-effective for marketing professionals seeking to enhance their understanding of consumer behavior.

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., founded in 2015 and headquartered in Tallinn, Estonia, offers a web-based international shipping platform that provides quotation, pickup, and insurance services. The company specializes in creating a Software as a Service (SaaS) solution for transportation companies, enabling the digitalization and connection of logistics service providers with their business customers. Shipitwise's automated logistics platform caters to travelers by allowing them to book shipping for sports equipment and personal belongings globally. This comprehensive service is designed for travel agencies, companies, and logistics businesses, facilitating a streamlined online shipping experience.

Themo

Pre Seed Round in 2016
Themo is a cleantech company specializing in smart thermostat solutions that leverage Internet of Things (IoT) technology to help clients reduce energy consumption and the carbon footprint associated with electric heating. By utilizing a cloud-based electricity management platform, Themo optimizes electricity use through virtual power pool tools, allowing users to manage and adjust their energy consumption and production effectively. The company's innovative approach aims to lower heating costs while promoting sustainable energy practices.

Bikeep

Pre Seed Round in 2016
Bikeep is a company that specializes in providing locking and charging stations for e-bikes and e-scooters, as well as high-quality bike parking solutions. Founded in 2013 and headquartered in San Francisco, California, Bikeep manufactures commercial bike racks, bike shelters, and bicycle lockers designed to enhance bike accessibility in various environments. Their bike racks can be accessed through a mobile application or an access card, allowing businesses and public areas to restrict usage to specific individuals, such as employees or students. This functionality not only secures the bikes but also promotes a more bike-friendly atmosphere, attracting more cyclists to the location. Additionally, Bikeep's stations facilitate e-bike charging and offer options for bike rentals, further supporting urban mobility initiatives.

Shaperize

Pre Seed Round in 2016
Shaperize is a 3D printing company based in Tallinn, Estonia, specializing in a comprehensive range of services including 3D scanning, 3D printing, and 3D modeling. The company caters to customer needs by offering tailored solutions and also sells 3D printers, 3D pens, and various filaments. With a focus on customization, Shaperize aims to provide clients with all necessary resources and services related to 3D printing, ensuring a seamless experience for their projects.

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 production processes to provide insights into discrepancies between actual performance and planned output. This software analyzes manufacturing efficiency losses and facilitates the creation of improvement plans, enabling clients to respond swiftly to machine issues and enhance overall production efficiency. Additionally, GlobalReader offers a versatile platform that monitors both production lines and environmental conditions, helping businesses optimize workflows and maintain a comprehensive overview of their operations.

Cubehub

Grant in 2015
Cubehub operates a crowdsourced network designed to address significant challenges in satellite operations, particularly limited communication time and the high costs associated with ground stations. By utilizing a network of fully integrated and automatic ground stations equipped with specialized antennas, Cubehub enhances satellite communication capabilities. In polar orbits, satellites typically experience a communication window of only about 10 minutes every 1.5 hours, followed by a lengthy 10-hour break during the night. By expanding the network to include multiple ground stations across different geographical locations, Cubehub can effectively double the volume of data downloaded from satellites. This innovative approach not only improves operational efficiency but also enables real-time satellite operations on a global scale, benefiting clients across various industries.

Sensition

Seed Round in 2015
Sensation is a company that specializes in developing innovative camera hardware products aimed at enhancing focus accuracy in complex scenes. Their flagship focus assist device captures real-time depth information of a scene to maintain clarity and keep the picture in focus, addressing challenges that surpass normal human focus-pulling capabilities. By combining hardware and software expertise, Sensition enables clients to improve their photographic outcomes, particularly in situations where precise focus is critical.

EdFox

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

Foxcademy

Grant in 2015
Foxcademy is a developer of an interactive digital studying platform aimed at enhancing the educational experience for middle and high school students. The company offers a marketplace of interactive science books, supplemented by a comprehensive education program that includes engaging training materials, analytics, and management tools. These resources are designed to align with national education standards, allowing students to explore new theories, reinforce concepts through practice exercises, and assess their understanding with tests. By focusing on interactivity and engagement, Foxcademy strives to create a more effective learning environment for students.

Ultrinia

Seed Round in 2014
ULTRINIA specializes in the development of biomimetic biomaterials, focusing on the creation of unique scaffolds that bridge the gap between two-dimensional and three-dimensional systems. These scaffolds are designed to enhance the specificity of drug carriers and contrast agents, thereby improving the efficacy of medical devices. The company provides advanced scaffolds for in vitro cell and pharmacology research, with a particular emphasis on applications involving stem cells and cancer cells. By enabling researchers to improve drug delivery precision and advance regenerative medicine, ULTRINIA aims to contribute to better patient outcomes in the medical field.

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 for footwear. Founded in 2014, the company develops smart shoe inserts using advanced sensors and automated 3D modeling techniques. These personalized inserts are designed to enhance comfort and support, particularly for individuals who wear high heels, by measuring walking patterns and providing individually molded solutions. Heelosophy's products can be seamlessly integrated into various types of footwear, including casual, evening, and formal shoes, helping users reduce discomfort and walk with improved balance and confidence.

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 that leverages artificial intelligence, natural language processing, and adaptive machine learning algorithms to enhance the learning experience. Founded in 2012 and based in Tallinn, Estonia, the company offers a subscription service accessible through web, iOS, and Android platforms worldwide. Lingvist's innovative approach focuses on improving vocabulary by assessing users' existing knowledge and customizing courses to target their learning needs, thereby facilitating more effective communication and understanding.

High Mobility

Pre Seed Round in 2012
HIGH MOBILITY is an open, API-first car data company focused on creating a leading environment for new mobility services. The company partners with major automotive brands, including Porsche and Mercedes-Benz, to facilitate the development and launch of data-driven mobility solutions. Its innovative platform combines privacy-focused connected car APIs with official support from manufacturers, providing an intuitive user interface. Through a single API, HIGH MOBILITY enables access to vehicle data from various models, including BMW and MINI, and offers dedicated developer workspaces and vehicle emulators for testing applications. This infrastructure supports the development of applications relevant to the automotive industry, including services for third-party insurance, electric vehicle charging, and fleet management.

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 specializes in the development of monitoring products that facilitate real-time contact measurements of the marine environment. The company designs and constructs fully customizable data buoys, vertical profiler buoys, and submersed profilers, which can accommodate a wide range of sensors. These innovative solutions serve various industries, including oceanic, oil, and gas sectors, allowing them to efficiently collect and analyze critical environmental data. Additionally, Flydog Marine has successfully executed numerous interdisciplinary projects encompassing mechanics, industrial design, electronics, human-machine interfaces, engineering, and prototyping.

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 innovative platform designed for light electric vehicles, including bicycles and scooters. The platform enables users to monitor essential battery parameters, alleviating concerns about range anxiety by providing real-time data through a smartphone application. This user-friendly interface not only assists in route planning but also transmits usage data to manufacturers, allowing them to make informed development decisions and engage directly with end users. Comodule aims to enhance the technology available in light electric vehicles, positioning itself as a leading force in the sector by integrating advanced data monitoring and visualization solutions.
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