Spring Capital

Spring Capital is a venture capital firm established in 2008 and located in Tallinn, Estonia. Specializing in seed-stage investments, the firm focuses primarily on technology companies within the Baltics and Scandinavia. It typically invests between EUR 50,000 and EUR 200,000 in equity per transaction, aiming for a minority stake in the companies. In addition to technology startups, Spring Capital also seeks opportunities in traditional sectors, targeting small to medium-sized enterprises with a proven track record and clear growth plans. For these investments, the firm may provide funding ranging from EUR 300,000 to EUR 700,000. The firm utilizes personal capital from its management team to support its investment activities.

Henri Treude

Founding Partner

23 past transactions

Vok

Venture Round in 2022
Manufacturer of electric cargo bikes intended to solve transportation hassles for couriers and postal workers. The company offers electric bikes that are smart, safe and sustainable, enabling users to move around in busy city areas in an efficient manner.

FoodDocs

Venture Round in 2022
FoodDocs is a developer of a cloud-based platform designed to simplify food safety management systems for businesses. The platform digitizes the documentation process for food safety compliance, offering application templates, monitoring plans, and digital storage to enhance the management of food safety documents. With over 7,000 customers across 59 countries, FoodDocs enables businesses to streamline compliance and training efforts, significantly reducing the time spent on food safety-related tasks. The implementation of their system is reported to be 500 times faster than traditional methods, allowing businesses to ensure that all units adhere to consistent food safety standards while saving at least one working day each week on compliance activities.

EyeVi Technologies

Seed Round in 2022
EyeVi Technologies is a geospatial AI-powered digital data production company focused on enhancing road infrastructure management. Its automated 3D mapping platform provides road consultants and asset managers with detailed insights into the entire physical road network, including road defects, signage, safety barriers, and markings. This technology enables predictive maintenance, traffic management, and safety auditing, addressing critical aspects of road safety and infrastructure efficiency. By streamlining the digitization process of road networks, EyeVi’s solutions help reduce operating expenses for infrastructure operators while maintaining high levels of detail and accuracy. The company's approach prioritizes sustainability and cost-effectiveness, positioning it as a key player in the evolving landscape of road asset management and autonomous transportation.

Wonderway

Seed Round in 2021
Wonderway is a platform that specializes in data-driven sales training tailored for remote teams. It facilitates connections among employees, managers, recruiters, and trainers through an automated e-learning dashboard. This dashboard provides personalized learning plans, video tutorials, templates, and digital learning programs. Additionally, it offers performance review reports and real-time training efficiency results. By utilizing these features, businesses can foster a learning culture that not only develops their workforce but also enhances employee retention, preparing organizations for the future of work.

Roofit.solar

Series A in 2021
Roofit Solar Energy OÜ manufactures photovoltaic (PV) solar roofing panels. The company’s products include Roofit Module 160W, Roofit Module 135W, and Roofit Module 110W. It also provides installation services for residential and commercial customers. Roofit Solar Energy OÜ was incorporated in 2016 and is based in Tallinn, Estonia.

Fractory

Series A in 2021
Fractory Ltd is a Manchester-based company that specializes in an online platform for sheet metal fabrication. Founded in 2019, it enables users to upload CAD files and efficiently matches orders with partner service providers based on availability, location, and capabilities. The platform offers a variety of services, including laser cutting, plasma cutting, tube laser cutting, oxy cutting, waterjet cutting, metal bending, and surface treatment. Fractory serves as a manufacturing marketplace that allows companies to discover, compare, and fulfill production orders of any batch size. Its automated quoting system provides quick pricing, eliminating the need for extensive communication, thus optimizing the use of specialized machinery and accelerating return on investment for users.

Turing College

Seed Round in 2021
Turing College is a remote-first educational institution that focuses on data science and artificial intelligence, catering to individuals at various expertise levels. The college replicates real-world IT team dynamics to enhance both hard and soft skills, increasing the employability of its graduates. Students can engage in a peer-driven learning environment, allowing them to learn at their own pace. The program operates on a pay-when-employed model, which employs an income share agreement, enabling learners to finance their education based on future earnings. This approach not only supports skill development but also aligns the college's success with that of its graduates.

Remato

Seed Round in 2021
Remato Eesti OÜ is a software company based in Tartu, Estonia, founded in 2018. It specializes in providing a Software-as-a-Service platform designed for managing the operations of micro, small, and medium-sized construction businesses. By replacing traditional methods that often rely on paperwork and spreadsheets, Remato offers tools that streamline the management of workforce, equipment, assignments, and time. This digital solution enhances operational efficiency, making it easier for construction companies to oversee their projects and resources effectively.

Vembla

Seed Round in 2021
Vembla offers customers a unique digital platform with a vast selection of groceries and everyday goods from local retailers. The hyperlocal model used allows customers to receive their deliveries within 60 mins through environment-friendly modes of transport.

Tjommi

Pre Seed Round in 2021
Developer of a financial platform designed to assist customers to get their money back if the price drops after the purchase. The company's platform provides individuals to save time and money by tracking prices online and assisting users to get deductions on already made purchases when prices drop, enabling customers to get a refund for the price difference if a lower price is found within a specific period of time.

Fairown

Seed Round in 2021
Fairown provides a financing platform that focuses on subscription services and payment solutions for businesses. It specializes in a buyback system aimed at enhancing product subscription models and facilitating seamless renewal processes. The platform allows users to sell back products they no longer need or that have a short lifecycle, promoting sustainability by enabling companies to refurbish, resell, or recycle these items. This approach not only supports a more responsible consumption model but also simplifies the upgrade process for consumers looking to access newer products.

Teamscope

Convertible Note in 2020
Teamscope, Inc. is a company based in Tallinn, Estonia, that specializes in creating visual and interactive insights through big data analytics aimed at improving team building. Founded by professionals from executive search, data science, and technology sectors, Teamscope provides a platform designed to assist managers in making informed hiring decisions and fostering high-performing teams. By utilizing a unique algorithm, the platform assesses the values, personality traits, and core competencies of existing team members. It then recommends the ideal characteristics to seek in new candidates and evaluates their compatibility with both the role and the team dynamics. Additionally, Teamscope generates detailed behavioral profiles and interview guides for candidates, aiding hiring managers in selecting the most suitable individuals for their teams.

Wisboo

Seed Round in 2020
‘Shopify for Education’. Wisboo provides an all-in-one solution for Education Businesses to easily create a self-branded online academy. Education Businesses can design, set up and manage their courses and online academies with this powerful platform.

Wolf3D

Seed Round in 2020
Wolf3D, founded in 2014 and headquartered in Tallinn, Estonia, with an additional office in Los Angeles, specializes in creating realistic 3D avatars for virtual and augmented reality applications. Utilizing advanced 3D scanning technology, the company produces detailed avatars that can be used as game characters or custom mannequins in various VR environments. Wolf3D's scanning services are accessible in public venues such as airports, museums, and conference halls, allowing for widespread engagement. The company aims to enhance communication in virtual reality, fostering authentic relationships among users, thereby integrating the human element into digital interactions.

Wisboo

Seed Round in 2020
‘Shopify for Education’. Wisboo provides an all-in-one solution for Education Businesses to easily create a self-branded online academy. Education Businesses can design, set up and manage their courses and online academies with this powerful platform.

React & Share

Seed Round in 2020
React & Share Oy, established in 2015 and headquartered in Helsinki, Finland, specializes in content analytics software that delivers real-time insights to inform content strategy. The company's offerings include tailored solutions for the healthcare sector, which focuses on producing reliable healthcare articles, and for government agencies, aimed at enhancing communication and community engagement. Their platform features tools that measure web content sentiment through reader feedback, including customizable reaction buttons and actionable analytics. These capabilities empower content developers and strategists to refine content quality and drive meaningful engagement with their audiences.

Fractory

Seed Round in 2019
Fractory Ltd is a Manchester-based company that specializes in an online platform for sheet metal fabrication. Founded in 2019, it enables users to upload CAD files and efficiently matches orders with partner service providers based on availability, location, and capabilities. The platform offers a variety of services, including laser cutting, plasma cutting, tube laser cutting, oxy cutting, waterjet cutting, metal bending, and surface treatment. Fractory serves as a manufacturing marketplace that allows companies to discover, compare, and fulfill production orders of any batch size. Its automated quoting system provides quick pricing, eliminating the need for extensive communication, thus optimizing the use of specialized machinery and accelerating return on investment for users.

FleetFox

Seed Round in 2018
FleetFox, operating under the name UpSteam Eesti OÜ, is a mobile car wash service based in Tallinn, Estonia. Founded in 2017, the company offers convenient car wash solutions that can be ordered within minutes to a customer's preferred location, whether at home or the office. FleetFox provides comprehensive cleaning services for vehicles, ensuring both interior and exterior washing is conducted to high standards. The company emphasizes environmentally friendly practices in its operations and is currently active in three markets.

PromoRepublic

Seed Round in 2017
PromoRepublic is a SaaS company based in Kyiv, Ukraine, that specializes in social media content automation for small and medium-sized businesses. Founded in 2014, the platform enhances the quality of social media posts on networks such as Facebook and Instagram by providing automation tools and customizable templates. PromoRepublic enables users to create and manage engaging marketing campaigns, including contests and sweepstakes, to attract and retain customers. The company serves a diverse clientele, including digital agencies and large corporations, and has achieved consistent growth, with over 50,000 registered users and 2.5 million social media posts published through its platform. Its technology aims to improve online visibility and maintain brand integrity for businesses with multiple locations.

Deekit

Seed Round in 2017
Deekit OÜ specializes in developing and operating an online virtual whiteboard designed for collaborative visual communication. Founded in 2012 and based in Tallinn, Estonia, Deekit's platform allows users such as designers, developers, entrepreneurs, freelancers, teachers, and students to engage in real-time collaboration by integrating various forms of content, including drawings, text, and images. The whiteboard serves a diverse range of applications, from brainstorming and knowledge sharing to problem-solving across meetings, design sessions, and educational environments. By facilitating infinite collaboration, Deekit enhances the user experience and promotes effective teamwork, making it a valuable tool for both corporate teams and individuals.

Clipman

Seed Round in 2016
Clipman is a software company based in Tallinn, Estonia, that specializes in creating a one-click video creation tool tailored for e-commerce businesses. Established in 2016, Clipman's platform utilizes an AI-driven engine that enables users to generate high-quality product videos in seconds from any text input. This tool significantly enhances e-commerce marketing efforts by facilitating the rapid production of engaging video content designed to drive sales. In addition to the video creation software, Clipman offers a training course that guides users through the process of producing and optimizing professional video advertisements. Founded by Raul and Peep, who have a background in marketing and app development, Clipman aims to empower e-commerce stakeholders by providing insights and tools to elevate their marketing strategies.

Monese

Seed Round in 2014
Monese Ltd. is a digital banking alternative based in London, United Kingdom, that provides mobile-only, multi-currency accounts across 31 countries in the European Economic Area. Founded in 2015 by Norris Koppel, the platform caters to individuals and businesses who face challenges with traditional banking, offering a fully localized banking experience in 14 languages. Monese allows users to manage their finances through a mobile application that facilitates quick account opening without credit checks or residency restrictions. Its services include current accounts for money storage and payments, local and international transfers, and debit cards for purchases and cash withdrawals. The company's innovative "Know Your Customer" technology enables real-time identity verification, allowing users to set up accounts in just minutes.
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