Spring Capital

Spring Capital is a venture capital firm founded in 2008 and based in Tallinn, Estonia. The firm specializes in seed investments, primarily targeting technology-driven startups in the Baltics and Scandinavia. Spring Capital typically invests between EUR 0.1 million and EUR 0.3 million in equity per transaction, aiming for minority stakes in the companies it supports. The firm seeks to partner with exceptional founders and is particularly focused on scalable startups that have the potential for significant growth. In addition to seed investments, Spring Capital also engages with growth companies that are close to, or already achieving, positive EBITDA, making larger investments of EUR 300,000 to EUR 700,000 for minority shareholdings. The firm invests personal capital from its management team, emphasizing a hands-on approach to nurturing its portfolio companies.

Henri Treude

Founding Partner and Member of the Investment Committee

Past deals in Estonia

Vok Bikes

Venture Round in 2022
Vok Bikes build heavy duty cargo bikes and rent them out to on demand delivery companies ,their couriers no surprises,no extra fees. They are Currently active in Tallinn, Vilnius, and London.

Roofit.solar

Series A in 2021
Roofit Solar Energy OÜ, established in 2016 and located in Tallinn, Estonia, specializes in manufacturing building-integrated photovoltaic (PV) solar roofing panels. The company’s innovative products combine advanced solar technology with traditional Nordic steel roofing techniques, resulting in aesthetically pleasing and functional solar roofs. Roofit.solar offers a range of solar modules, including the Roofit Module 160W, 135W, and 110W. These high-end solar roofs are designed for residential and commercial applications, catering to homeowners who prioritize both design and efficiency, particularly during new constructions or renovations. The installation process is quicker and has a lower carbon footprint compared to conventional rooftop PV panels. Additionally, the sleek black solar modules blend seamlessly with building architecture, are lightweight, durable, low-maintenance, and can also be used for façades, making them an attractive option for discerning customers.

Wisboo

Seed Round in 2020
Wisboo is an Estonia-based company founded in 2014 that provides an online educational platform designed for the digital age. The company specializes in empowering content creators and small to medium-sized education businesses to develop and monetize their knowledge through customizable digital courses. Wisboo's platform offers a user-friendly software stack that includes professionally designed templates, content digitization tools, and multi-device course delivery to enhance the learning experience. Additionally, it manages payment processing and back-office operations, allowing educators to focus on teaching while reaching a wider audience. By facilitating the creation and distribution of customized online courses, Wisboo enables its users to maximize their business margins with minimal investment, fostering growth and new revenue streams in the evolving educational landscape.

Ready Player Me

Seed Round in 2020
Ready Player Me, founded in 2014 and headquartered in Tallinn, Estonia, with an additional office in Los Angeles, California, specializes in creating realistic 3D avatars for virtual reality (VR) and augmented reality (AR) applications. The company utilizes advanced 3D scanning technology to generate lifelike avatars that enhance communication and interaction in gaming environments. Its platform supports developers by enabling the integration of custom 3D models into existing games, game engines, or VR applications, thereby facilitating more immersive experiences. In addition to its focus on gaming, Ready Player Me's technology also has applications in various sectors, including healthcare, where it aids in surgical planning through the creation of anatomical models. The company has showcased its scanning technology at various public venues, such as airports and museums, further demonstrating its innovative approach to 3D printing and scanning.

Deekit

Seed Round in 2017
Deekit OÜ is a company based in Tallinn, Estonia, that develops and operates an online virtual whiteboard designed for collaborative visual communication. Founded in 2012, Deekit's platform allows a diverse range of users, including designers, developers, entrepreneurs, educators, and students, to engage in real-time collaboration by integrating various types of content such as drawings, text, and images. The whiteboard is utilized across multiple sectors, including business meetings, design projects, engineering tasks, and educational settings, facilitating brainstorming, knowledge sharing, and problem-solving. Deekit's innovative approach enhances user interaction and collaboration, making it a valuable tool for both corporate teams and individual users.

Clipman

Seed Round in 2016
Clipman is a software company that specializes in creating a one-click video creation tool aimed at e-commerce stakeholders. Founded in 2016 and headquartered in Tallinn, Estonia, Clipman leverages an AI-based engine to generate high-quality videos from text in seconds, allowing businesses to produce large volumes of video content efficiently and cost-effectively. The platform is designed to enhance e-commerce marketing efforts by enabling users to transform website content into engaging product videos quickly. Additionally, Clipman offers a suite that includes training resources to guide users through the process of creating and optimizing professional video ads. The company was established by two friends, Raul and Peep, who have extensive experience in marketing and app development, and they have built a global team to support Clipman's growth and innovation in the video marketing space.

Defendec

Seed Round in 2009
Defendec Inc. is a technology company specializing in wireless monitoring systems designed for remote area surveillance. Established in 2007 and based in Tallinn, Estonia, with additional offices in Helsinki, Washington, D.C., and Singapore, Defendec focuses on green perimeter monitoring through its flagship product, Smartdec. This advanced surveillance system utilizes battery-powered intelligent wireless sensors to detect intrusions, analyze data, and provide visual confirmation of alarms. Smartdec is particularly valued for its effectiveness in securing the external borders of NATO and the European Union, aiding in the prevention of international smuggling, illegal trafficking, and acts of sabotage. Its innovative technology is deployed across various sectors, including defense, infrastructure, and oil and gas, ensuring the protection of critical assets and enabling organizations to minimize risks with minimal training requirements.
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