Indrek Kasela

Founding Partner

28 past transactions

Kingdom Technologies

Seed Round in 2022
Kingdom Technologies Ltd. develops and manufactures a robotic lawn mower for large terrains. The company was incorporated in 2018 and is based in Glasgow, United Kingdom.

CybExer Technologies

Funding Round in 2022
CybExer Technologies OÜ is a joint venture founded by two prominent Estonian companies, BHC Laboratory OÜ and Bytelife Solutions OÜ, each holding a 50% share. The company specializes in developing and commercializing advanced cyber security products, leveraging the expertise of its founding partners. Bytelife Solutions is recognized for its strong capabilities in cyber infrastructure and software development, particularly in executing complex projects, while BHC Laboratory focuses on enhancing cyber capabilities for international and domestic clients. CybExer Technologies offers a sophisticated cyber security platform that provides training services aimed at preparing individuals and organizations for various cyber threats. Its offerings include on-premise, deployable services for technical exercises, innovative exercise environments, and an automated deployment tool, all designed to enhance cyber security preparedness through a novel approach to training.

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.

eAgronom

Series A in 2022
Founded 3.5 years ago by a son of a successful farmer and an experienced software developer, now 61 people team with experience from Stripe, Heap Analytics, Transferwise and ZeroTurnaround. Farmers spend weeks on government reports, get fined for the slightest mistake and most commonly manage their farm with Excel or pen and paper. eAgronom reduces generating reports to a couple of clicks, advises farmers on how to get the most out of their fields and warns against legislative violations while gathering data to unlock data mining potential for a 350 000 B industry. There are no other players in the industry who focus only on grain farming. eAgronom grabbed 70% of Estonian market in 6 months, in 1.5 years has expanded to 5 countries in Europe and into Canada. Ca 3,6M € funding from seed-investors.

Mentornaut

Angel Round in 2021
Mentornaut is a new online tutoring platform is aiming to increase inclusion in personalized education and counts Super angel, United Angels VC, and a list of EdTech advocates like Bolt co-founder Martin Villig, and Clanbeat co-founder Kadri Tuisk among its investors.

Grünfin

Seed Round in 2021
Grünfin is a sustainable investing platform for people who care about their impact.

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.

PayQin

Seed Round in 2021
PayQin Ltd. operates an e-wallet platform that facilitates online payments for users in emerging markets. Founded in 2017 and headquartered in London, with additional offices in France and Sweden, the company provides a mobile application featuring a virtual debit card for both local and international transactions. PayQin aims to simplify cross-border payments and card issuance for individuals and small to medium-sized enterprises, offering low fees and real-time processing. This approach allows users to focus on their growth rather than the complexities associated with international transactions.

LightCode Photonics

Pre Seed Round in 2021
LightCode Photonics is a science-intensive company developing breakthrough technology for mobility. We change the way a robot looks at the world by building Software Defined 3D cameras.

Bob W

Seed Round in 2021
Bob W is a provider of short-stay accommodation services that offers an alternative to traditional hotels. The company operates a managed marketplace of serviced apartments that combine the quality standards and amenities of a lifestyle hotel with the authenticity and functionality of a home. Each apartment is locally designed, work-friendly, and equipped with hotel linens and professional cleaning services. Additionally, the accommodations feature fully equipped kitchens, access to local gyms, and curated breakfast options. This approach allows travelers to easily find and enjoy short-stay accommodations tailored to their needs while ensuring a high standard of service and ecological mindfulness.

Xolo

Series A in 2021
Xolo is focusing on 40 million professionals globally who have chosen to run their business independently. Its aim is to reduce time spent on business administration to near zero by offering an incredibly simple online platform that merges company formation, banking, accounting, and other services. Xolo is the quickest and easiest way to launch and run a one-person freelancing business in Europe. Its largest markets are Germany, Spain, France, the UK, Ukraine, and Turkey. Xolo's typical customers are software developers, management consultants, designers, or other independent professionals.

Sentinel

Seed Round in 2020
Sentinel works with governments, media, and defense agencies to help protect democracies from disinformation campaigns, synthetic media, and information operations by developing state-of-the-art AI detection platform.

Vumonic Datalabs

Convertible Note in 2020
Vumonic Technologies Private Limited, a data intelligence company, develops a software that provides competitive intelligence on market share (value share) and transaction share (volume share) to the e-commerce and e-tail industries. The company provides demographic and geographic insights, including revenue market share, transaction market share, average selling price, and competitor's growth areas. It enables e-commerce and retail companies to understand consumers' purchase behaviors and develop a consumer behavior and sentiment analysis. The company was incorporated in 2016 and is based in Bengaluru, India.

Gridio

Pre Seed Round in 2019
Gridio 2.0 OU, established in 2018 and based in Tallinn, Estonia, operates a cloud-based platform that transforms household electrical devices into a virtual power plant. By intelligently adjusting electricity consumption, Gridio enables households to generate revenue while contributing flexibility to power grids. This innovative approach not only allows users to earn cash from their existing devices but also supports the transition to a sustainable energy future characterized by increased reliance on renewable resources.

Starship

Series A in 2019
Starship Technologies, Inc. designs and manufactures self-driving delivery robots for local goods delivery, including parcels, groceries, and food. Founded in 2014 and headquartered in London, with a research and development center in Estonia, the company aims to revolutionize the delivery landscape by providing autonomous robots that operate safely and efficiently. These robots can autonomously navigate 99% of the time, enabling curb-side deliveries from local hubs within 30 minutes. Equipped with advanced sensors such as cameras and GPS, Starship's delivery solutions are intended to be environmentally friendly and cost-effective, significantly enhancing convenience for consumers. By partnering with stores and restaurants, Starship Technologies facilitates a new era of instant deliveries that align with customer schedules, ultimately striving to make local delivery more accessible and affordable.

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.

Vumonic Datalabs

Seed Round in 2019
Vumonic Technologies Private Limited, a data intelligence company, develops a software that provides competitive intelligence on market share (value share) and transaction share (volume share) to the e-commerce and e-tail industries. The company provides demographic and geographic insights, including revenue market share, transaction market share, average selling price, and competitor's growth areas. It enables e-commerce and retail companies to understand consumers' purchase behaviors and develop a consumer behavior and sentiment analysis. The company was incorporated in 2016 and is based in Bengaluru, India.

Xolo

Series A in 2019
Xolo is focusing on 40 million professionals globally who have chosen to run their business independently. Its aim is to reduce time spent on business administration to near zero by offering an incredibly simple online platform that merges company formation, banking, accounting, and other services. Xolo is the quickest and easiest way to launch and run a one-person freelancing business in Europe. Its largest markets are Germany, Spain, France, the UK, Ukraine, and Turkey. Xolo's typical customers are software developers, management consultants, designers, or other independent professionals.

FoodDocs

Seed Round in 2019
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.

eAgronom

Seed Round in 2018
Founded 3.5 years ago by a son of a successful farmer and an experienced software developer, now 61 people team with experience from Stripe, Heap Analytics, Transferwise and ZeroTurnaround. Farmers spend weeks on government reports, get fined for the slightest mistake and most commonly manage their farm with Excel or pen and paper. eAgronom reduces generating reports to a couple of clicks, advises farmers on how to get the most out of their fields and warns against legislative violations while gathering data to unlock data mining potential for a 350 000 B industry. There are no other players in the industry who focus only on grain farming. eAgronom grabbed 70% of Estonian market in 6 months, in 1.5 years has expanded to 5 countries in Europe and into Canada. Ca 3,6M € funding from seed-investors.

Click & Grow

Venture Round in 2018
Click & Grow LLC develops a technology based indoor gardening solution that helps plants to grow using automatically controlled technology. It offers Smart Herb Garden, a gardening solution that lets multiple plants to grow at a time. The company also offers Smart Herb Garden Refill, a technology solution with nano-tech growth medium that releases right amount of water, oxygen, and nutrients for plants. In addition, it offers Smart flowerbed, a home garden solution for herbs and flowers; Smart flowerbed Refill, a gardening solution that measures the vitals of plants and makes sure the environment is suitable; and gardening accessories. The company offers its products online in the United States and Europe. Click & Grow LLC was founded in 2010 and is based in Palo Alto, California.

Bolt

Corporate Round in 2018
Bolt Technology OÜ operates a transportation platform that offers ride-hailing, micromobility, and food delivery services. Founded in 2013 and headquartered in Tallinn, Estonia, Bolt provides a smartphone application that enables users to book taxis based on price and quality ratings, track drivers in real-time, and order services without waiting for a dispatcher. The company has expanded rapidly, serving over 50 million customers across more than 40 countries, including regions in Europe, Latin America, and Africa. Bolt aims to reshape urban mobility by promoting a future with reduced car ownership and enhanced flexible transport options, thereby contributing to decreased traffic congestion and pollution in cities.

Lift99

Seed Round in 2018
Lift99 OÜ, founded in 2016 and headquartered in Tallinn, Estonia, operates a co-working space designed to connect startup founders with a like-minded community. The facility offers amenities such as 24/7 access, ergonomic workstations, meeting rooms, and a high-quality internet connection, fostering an inspiring work environment. Alongside its physical space, Lift99 has developed the LIFT99 Skillsharing platform, an invite-only online network where founders can exchange knowledge on critical topics like fundraising and market entry. This platform enhances collaboration among founders by providing access to events, investors, and advisors, while also offering resources for legal and fundraising advice. By integrating both physical and digital resources, Lift99 aims to support founders throughout their entrepreneurial journey and contribute to the growth of startups in emerging markets.

Guestjoy

Seed Round in 2018
Guestjoy Ltd is a software company based in Tallinn, Estonia, focused on enhancing communication management for hotels. Founded in 2014, it provides a comprehensive guest communication platform designed specifically for independent hotels. The platform facilitates automated email communication, online check-ins, and the collection of guest feedback. Additionally, it offers services such as mobile concierge capabilities, which help hotels manage guest requests and orders, as well as upsell opportunities. By leveraging these tools, hotels can improve customer engagement, optimize guest experiences, increase revenue, and gather online reviews to promote their services.

Epic Foods

Seed Round in 2017
Epic Foods will replace your kitchen. It is a food tech company that combines sourcing, cooking and delivery, with minimal waste, emissions and costs. You pre-order for your family, and feed them healthy and affordable meals on a regular basis. The team comes from Facebook, Rocket and Michelin restaurants. Epic sold it's first 100,000 meals in Helsinki to build the world's leading unit economics, and is now scaling in Europe. Epic Foods was founded in 2014 in Finland.