Change Ventures

Change Ventures is a venture capital firm established in 2016 and headquartered in Tallinn, Estonia. It is the first pre-seed and seed fund actively investing in all three Baltic states—Estonia, Latvia, and Lithuania—and also supports Baltic diaspora entrepreneurs globally. The firm focuses on technology startups, particularly in the B2B and SaaS sectors, making initial investments between €100,000 and €750,000, with opportunities for follow-on funding in later rounds. Change Ventures adopts a founder-friendly investment approach, aiming to expedite decision-making processes and assist entrepreneurs in achieving product-market fit, raising additional capital, and scaling their businesses, all while leveraging a strong network of investors and partners.

Harry Huge JD

Fund I Partner and Founding Partner

Janis Krums

Venture Partner

Gabrielė Poteliūnaitė

Associate

Past deals in Latvia

MeetFrank

Seed Round in 2019
MeetFrank OÜ operates a recruitment application aimed at facilitating job hunting and matching talent with job vacancies. Launched in September 2017 and based in Tallinn, Estonia, the platform leverages machine learning and chatbots to connect companies with skilled job seekers across several countries, including Estonia, Finland, Sweden, Latvia, Lithuania, and Germany. The application promotes transparency in the job market by allowing users to anonymously explore potential employers and their offers without disclosing personal information. This innovative approach not only simplifies the job search process for candidates but also helps companies access a broader talent pool, including international candidates who possess the required skills.

asya.ai

Pre Seed Round in 2019
Asya.ai develops a mindful conversation app that utilizes artificial intelligence to enhance communication skills. Founded in 2010 and based in Witney, United Kingdom, the app provides users with real-time feedback on their speaking and listening abilities, similar to how fitness trackers monitor physical performance. Users can analyze various aspects of their communication, including speech brevity, pace, pauses, and emotional tone, helping them improve interactions in both personal and professional settings. Asya.ai prioritizes user privacy by ensuring that no conversation content is stored or transcribed; the AI only processes biometric features of the voice. This ethical approach allows users to focus on self-development and relationship enhancement without compromising their privacy.

MeetFrank

Seed Round in 2018
MeetFrank OÜ operates a recruitment application aimed at facilitating job hunting and matching talent with job vacancies. Launched in September 2017 and based in Tallinn, Estonia, the platform leverages machine learning and chatbots to connect companies with skilled job seekers across several countries, including Estonia, Finland, Sweden, Latvia, Lithuania, and Germany. The application promotes transparency in the job market by allowing users to anonymously explore potential employers and their offers without disclosing personal information. This innovative approach not only simplifies the job search process for candidates but also helps companies access a broader talent pool, including international candidates who possess the required skills.

Nordigen

Seed Round in 2017
SIA Nordigen Solutions, established in 2016 and headquartered in Riga, Latvia, specializes in developing application programming interfaces (APIs) for transaction categorization and credit assessment. The company aims to revolutionize the credit evaluation process by enabling banks and alternative lenders to leverage bank account data in their credit decisions. Operating in over 12 countries, Nordigen provides transaction-based analytics solutions that focus on income verification, affordability checks, and the identification of risk-critical behaviors for credit scoring. Its core offerings include transaction categorization and behavioral scoring engines, which are available for both cloud and on-premise deployment.
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