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 & Member of the Investment Committee

22 past transactions

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 is a geospatial AI-powered digital data production company. We enable road consultants and road asset managers constant overview of the entire physical road network with maximum detail through our AI-powered automated 3D mapping platform. Road defects, road signs, safety barriers, markings, crossroads, and so on – everything necessary for predictive road maintenance, road asset and traffic management, safety auditing, and autonomous transportation.

Wonderway

Seed Round in 2021
Wonderwerk is a platform for data-driven sales training for remote teams. Its platform connects employees, managers, recruiters, and trainers via an automated e-learning dashboard that offers personalized learning plans, video tutorials, templates, digital learning programs, performance review reports, and training efficiency results in real-time, enabling businesses to create a learning culture that develops and retains employees.

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.

Turing College

Seed Round in 2021
It is a remote-first college that replicates the way IT teams work in real tech companies, developing learners’ hard and soft skills so they get hired or promoted on graduation.

Fractory

Series A in 2021
Fractory Ltd operates an online platform focused on sheet metal fabrication, enabling users to upload CAD files and connect with partner service providers based on their availability, location, and capabilities. The platform offers a range of services including laser cutting, plasma cutting, tube laser cutting, oxy cutting, waterjet cutting, metal bending, and surface treatment. Established in 2019 and headquartered in Manchester, United Kingdom, Fractory serves as a manufacturing marketplace that simplifies the process of discovering, comparing, and fulfilling production orders, irrespective of batch size. By optimizing the use of specialized laser-cutting equipment, Fractory enhances the return on investment for users, while its automated quoting system allows for quick pricing without the need for extensive communication.

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.

Fairown

Seed Round in 2021
Fairown offers companies a financing platform for subscriptions and payment services.

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.

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.

Wolf3D

Seed Round in 2020
Wolf3D specializes in creating realistic 3D avatars for virtual and augmented reality applications, utilizing advanced 3D scanning technology that can be accessed via smartphones. Founded in 2014 and based in Tallinn, Estonia, with an additional office in Los Angeles, the company aims to enhance interpersonal connections in virtual environments. Wolf3D has deployed its scanning technology in various public venues, including airports and museums, allowing individuals to create custom avatars for use in gaming and other immersive experiences. In addition to gaming, the company's solutions cater to multiple industries, contributing to advancements in 3D printing and custom mannequin creation.

React & Share

Seed Round in 2020
React & Share Oy develops and operates content analytics software that provides real time analytics and intelligence to shape content strategy. The company offers solutions including React and Share for healthcare sector, a contents analytics tool that helps to develops reliable healthcare articles; and React and Share for Government, a tool that helps government agencies to increase communication and engagement with communities. It tool also helps readers to give feedback on online articles. React & Share Oy was incorporated in 2015 and is based in Helsinki, Finland.

Fractory

Seed Round in 2019
Fractory Ltd operates an online platform focused on sheet metal fabrication, enabling users to upload CAD files and connect with partner service providers based on their availability, location, and capabilities. The platform offers a range of services including laser cutting, plasma cutting, tube laser cutting, oxy cutting, waterjet cutting, metal bending, and surface treatment. Established in 2019 and headquartered in Manchester, United Kingdom, Fractory serves as a manufacturing marketplace that simplifies the process of discovering, comparing, and fulfilling production orders, irrespective of batch size. By optimizing the use of specialized laser-cutting equipment, Fractory enhances the return on investment for users, while its automated quoting system allows for quick pricing without the need for extensive communication.

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.