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

Past deals in Estonia

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.

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.

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.

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.

Outfunnel

Pre Seed Round in 2020
Outfunnel OÜ is a marketing automation and insights platform based in Tallinn, Estonia, founded in 2018. The company specializes in sales-centric tools that help businesses automate their email marketing campaigns and track user interactions on both email and websites. Outfunnel's platform provides valuable insights into customer behavior, allowing clients to monitor leads and understand which messages and content effectively drive conversions. By streamlining marketing efforts and enhancing branding strategies, Outfunnel enables businesses to optimize their revenue generation processes.

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, 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.

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.

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.
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