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.
Cgates is largest independent pay TV and internet service provider. It provides digital and interactive television, fibre-optic broadband internet and fixed telephony to subscribers across the country. The company was founded in 1991 and has developed into a leading telecom operator via numerous acquisitions and organic growth. Investor consortium led by Livonia Partners acquired a significant minority stake in September 2017 to support growth of the company and further network and technology upgrades.