Ambient Sound Investments

Ambient Sound Investments OÜ is a private investment firm based in Tallinn, Estonia, established in 2003 by four founding engineers of Skype. Initially created to hold a minority stake in Skype, the firm has since evolved into a family office specializing in direct and fund of fund investments. It focuses on private equity and venture capital across various stages, including incubation, seed/startup, and growth capital, while also investing in private equity and real estate funds. Ambient Sound Investments targets technology-driven companies in sectors such as information technology, software, and social media, primarily in the United States, Europe, and Asia, with a particular interest in Eastern European markets like Russia and the Nordic countries. The firm typically invests between €0.5 million and €2 million, preferring to maintain a minority stake of around 25 percent in its portfolio companies, although it may pursue a majority stake in incubators. Additionally, Ambient Sound Investments engages in co-investments and has begun investing in public equity.

Priit Kasesalu

Co-Founder

Tauno Tats

Chief Executive Officer

Past deals in Estonia

Ampler

Venture Round in 2021
Ampler Bikes OÜ, founded in 2014 and headquartered in Tallinn, Estonia, specializes in the manufacture and marketing of light electric bikes tailored for urban cyclists. The company offers a range of bike models, including curt, stout, and stellar options, with various frame sizes to accommodate different preferences. Ampler aims to promote sustainable urban mobility through its innovative electric bikes, which are designed to enhance the cycling experience by measuring road conditions and surroundings, thereby assisting riders in navigating their environments. In addition to its product offerings, Ampler operates a flagship store in Berlin, Germany, further solidifying its presence in the urban mobility market.

Modesat

Series A in 2010
Modesat Communications is a rapidly growing privately held technology company specializing in the design, development and commercialization of high throughput FPGA or ASIC based digital modems for microwave, millimeter wave and satellite communications applications. Products developed by the company incorporate Modesat’s patented PilotSyncTM synchronization technology, which enables higher throughput, lower bill of materials cost and increased operational reliablity.

United Dogs and Cats

Series A in 2009
United Dogs and Cats is an interest based niche online community for dog and cat loving people to express their passion and have fun. They are all about pet related user generated content. On their website all pet lovers can express their passion by posting status updates, blog posts, photos and videos on their profile page and tap into a “public brain” though their forum. A pet owner could also create a profile page for his/her pet and create a full timeline of events so they always have a place to go to and relive the fun moments together. Of course they enable users to share all their amazing content with other Uniteddogs / Unitedcats users and friends on other social networks. Their iPhone application enables users to snap and edit photos of their pets and add status updates on the go. Now sharing is possible virtually anywhere and all great moments with your pet can be posted to other community members immediately.

Programeter

Seed Round in 2008
Programeter provides solutions for measuring software development life cycle metrics for software development managers. It offers a software development life cycle metrics platform that monitors the software development life cycle metrics and reports on the project performance indicators, such as development team's activity days, team's effort and contribution, the number of active coders, testers, and bug fixers assigned in the project. Programeter was formerly known as SourceKibitzer OÜ. The company was founded in 2006 and is based in Tallinn, Estonia.

United Dogs and Cats

Angel Round in 2008
United Dogs and Cats is an interest based niche online community for dog and cat loving people to express their passion and have fun. They are all about pet related user generated content. On their website all pet lovers can express their passion by posting status updates, blog posts, photos and videos on their profile page and tap into a “public brain” though their forum. A pet owner could also create a profile page for his/her pet and create a full timeline of events so they always have a place to go to and relive the fun moments together. Of course they enable users to share all their amazing content with other Uniteddogs / Unitedcats users and friends on other social networks. Their iPhone application enables users to snap and edit photos of their pets and add status updates on the go. Now sharing is possible virtually anywhere and all great moments with your pet can be posted to other community members immediately.

Markit

Seed Round in 2006
More than 9500 companies in 35 countries trust and use Markit to purchase their IT products, including 20+% of the Global Forbes 2000 and Fortune 500 companies. Companies such as ABB, AGA (Linde AG), Coca-Cola, Danfoss, Ericsson, Johnson & Johnson MetLife, Rezidor/Radisson, Roche, Sanofi, Schott, SEB, Siemens, Skype, Telenor, Tieto, TIKTOK and many more are solving numerous indirect IT purchasing issues with Markit. In 2019 they saved an average of 12.5% on average market prices and thousands of hours in reduced purchasing process time. Our clients compare prices and delivery times in real time in our catalogue of 3.4 million IT products, sourced from approximately 325 of the world’s leading IT distributors. Markit offers local to local deliveries with local invoicing in the relevant currencies across 35 countries. The average delivery time for orders is approximately 3 days. In addition, clients get transparent visibility of spend, dynamic proof of savings plus supplier and invoice consolidation options, all backed by dedicated client support in local languages. Contract management and SLAs are simplified with a group level consolidated agreement, potentially reducing the client’s IT supplier count to one. At Markit, we believe IT purchasing should be simple, transparent and efficient – in a way that not only saves money on product prices but reduces purchasing process time massively. We're passionate about helping our clients succeed in achieving the lowest possible total cost of purchase. Our Net Promoter Score is 64.5% and rising. In 2019 Markit’s turnover was 111.9M euros. Markit was founded in Estonia in 2003. Full markit Factsheet available at www.slideshare.net/markit/markit-fact-sheet-239054692

Evikon MCI

Venture Round in 2006
Evikon MCI designs, manufacturers and markets sensor-based electronic measurement instruments for industrial automation applications. The company located in Tartu, Estonia, operates on the instrumentation market since 1991 and aims to take a leading position in this sector in Baltic region.

Modesat

Seed Round in 2006
Modesat Communications is a rapidly growing privately held technology company specializing in the design, development and commercialization of high throughput FPGA or ASIC based digital modems for microwave, millimeter wave and satellite communications applications. Products developed by the company incorporate Modesat’s patented PilotSyncTM synchronization technology, which enables higher throughput, lower bill of materials cost and increased operational reliablity.

Clifton

Series A in 2006
Clifton has developed an industrially stable process for gallium arsenide Liquid Phase Epitaxy, and is using it to manufacture dies for high temperature ultra-fast recovery PIN power diodes. Compared to conventional Silicon diodes, GaAs has superior performance characteristics, including: * higher maximum junction temperature (up to +260 Celsius) * temperature independent dynamic recovery characteristics * lower leakage current * radiation hardness * high reverse voltage capability (up to 1000V)