Trind Ventures is a venture capital firm.

Superangel OÜ is a venture capital firm specializing in early stage, pre-seed, seed, and startups investments. The firm seeks to make sector agnostic investments with a focus on information technology including fintech, mobile, SaaS, sharing economy, blockchain, and AR/VR. It typically invests globally with a focus on companies based in Europe that are aiming for a global market and in United States that are looking to penetrate European and emerging markets. It prefers to invest between €0.05 million ($0.06 million) to €2 million ($2.46 million) including follow-on investments. Superangel OÜ was founded in 2018 and is based in Tallinn, Estonia with an additional office in Palo Alto, California.

Startup Wise Guys is an accelerator and early-stage program based in Tallinn, Estonia, founded in 2012. It runs intensive up to five-month programs that validate and develop products and prepare founders to sell to business customers, culminating in demo days before venture capitalists and angel investors. The company focuses on B2B software as a service, fintech, cybersecurity, sustainability, and related tech sectors across Europe, and has accelerated more than 300 startups with a startup survival rate above 80%. It operates with a network of over 200 mentors who guide startups through product validation, market entry, and fundraising, and maintains a 300+ startup alumni community spanning more than 40 countries, with ongoing alumni events for business development and fundraising.

Founded in Tallinn in 2018, Superangel is an early-stage venture capital firm investing in technology startups across the Baltics and Nordics. Led by experienced tech entrepreneurs, they focus on backing founders building industry-defining companies, with a track record of supporting global successes like Bolt, Pipedrive, Grabcad, and Veriff.

Established in 2017, Specialist VC is a venture capital firm headquartered in Tallinn, Estonia. It focuses on investing in early-stage (pre-seed to series A) companies operating within the B2B, SaaS, FinTech, platforms, software-enabled hardware, and deep tech sectors across Estonia, Latvia, Lithuania, Finland, Ukraine, and Belarus.

Founded in Estonia in 2016, Change Ventures is a venture capital firm focusing on pre-seed stage investments. They support ambitious founders from the Baltics and Baltic diaspora building businesses globally, with investments ranging from €100k to €500k. Their streamlined investment process aims to provide fast decisions, while their network of follow-on investors helps portfolio companies raise additional funds.

Pontos is a family-owned private equity and real estate investment company based in Helsinki, Finland. Established in 2001, it operates in Finland, the Baltic States, and Portugal. The firm focuses on a diverse range of investments, including commercial real estate, property development projects, and real estate development companies. Additionally, Pontos invests in property technology, listed shares, fixed-income investments, and private equity funds, reflecting a broad investment strategy aimed at various sectors within the real estate and financial markets.

Founded in Estonia in 2011, Metaplanet is a venture capital firm focusing on early-stage investments across diverse sectors. They prioritize innovative and evidence-based ideas with the potential for significant returns.

Lemonade Stand is a venture capital firm based in Estonia that specializes in early-stage investments. The firm concentrates on the technology sector, particularly targeting B2B ventures led by founders from the Baltic and East European regions, regardless of their headquarters' location. Lemonade Stand typically invests between €25,000 and €300,000 in promising teams, innovative technologies, or businesses demonstrating traction. The firm aims to support and nurture emerging companies in the technology landscape, fostering growth and development in the region.

BaltCap is an independent private equity firm focused on small and midmarket buyout and expansion capital investments across the Baltic States. Based in Tallinn, Estonia, it maintains offices in all three Baltic countries and employs a team of 16 professionals who support growth across diverse sectors, including business and financial services, healthcare, industrials, technology, media, telecom, consumer, education, renewable energy, mobility, logistics, cybersecurity and mixed reality. Since its founding in 1995, BaltCap has managed private equity and venture capital funds with total committed capital of over EUR 260 million and has completed more than 60 investments. It is a member of regional private equity associations and has been a signatory to the United Nations Principles for Responsible Investment since 2008, reflecting its commitment to responsible investment practices.

Founded in 2016, Karma Ventures is a Tallinn-based venture capital firm specializing in late seed and Series A investments in Europe's most promising deep tech startups. The company focuses on backing companies with strong ideas, unique technology, customer traction, and global ambition.

Tera Ventures is a venture capital firm based in Tallinn, Estonia. It backs ambitious founders from the Baltics, Scandinavia and Central and Eastern Europe working on digital technologies with global scaling ambitions. The firm supports portfolio companies with access to expertise and hands-on guidance to grow from pre-seed and seed stages toward exits, and maintains a non-controlling approach to align founder motivation with ownership. Tera operates with a regional footprint and connects to markets in the UK, the US and Asia, wired through a global advisory network. It maintains a presence in Estonia, Finland and California to help portfolio companies expand internationally. The firm focuses on software, information technology and related digital sectors, leveraging its networks to facilitate market entry and growth.

Icebreaker is an early-stage venture capital fund based in Helsinki, Finland, specializing in investments within the software sector. The fund focuses on financing unique software-driven companies at the idea, angel, and seed stages, typically investing between EUR 40,000 and EUR 350,000. As part of its operations, Icebreaker manages a community that connects hundreds of members, providing access to a network of potential team members, clients, and advisors. The fund's goal is to support the growth of innovative tech companies in Finland.

Established in 2011, SmartCap is an Estonian venture capital firm that invests in early-stage venture capital funds. It manages EUR 40 million in assets, focusing on validating, accelerating, and financing innovative companies through partnerships with top VC fund managers.

Established in 2023, 2C Ventures is a venture capital firm based in Tallinn, Estonia. It focuses on investing in early-stage clean technology companies primarily in the Nordics and Baltics, supporting visionary entrepreneurs driving innovation towards a sustainable future.

LIFT99 is an invite-only online platform connecting startup founders globally to share insights on topics like fundraising, market expansion, and hiring. It supports founders throughout their lifecycle using data-driven approaches. The platform is complemented by physical co-growing centers in emerging markets and founder-focused events.

Spring Capital is a Tallinn, Estonia-based venture capital firm that backs technology startups in the Baltic and Nordic regions. It pursues seed and growth investments, typically taking minority equity stakes. Seed checks generally range from €75,000 to €200,000 to support scalable technology-driven startups, often as part of larger rounds that provide at least 18 months of runway. Growth investments range from €300,000 to €700,000 and acquire minority ownership in companies that are EBITDA-positive or near profitability. The firm focuses on information technology opportunities across Denmark, Estonia, Latvia, Lithuania, Norway, Sweden, and the broader Baltics and Scandinavia. Investment capital is sourced from the firm’s management, reflecting a hands-on approach for early-stage and growth-stage tech companies.

Thorgate is a product development studio that delivers end-to-end design and software development for web and mobile applications. It offers product design, Python and Django development, and mobile development using React Native, with back-end and front-end work built on React.js and PostgreSQL. The design process includes mapping needs, demonstrations, and validation to ensure solutions meet client requirements. Thorgate supports clients with end-to-end product development and strategic input on product design. Founded in 2011, the company maintains a multi-city presence in Tallinn, London, and Oslo, serving clients with a focus on delivering scalable, customer-oriented software solutions.

Swedbank is a Nordic-Baltic bank with deep roots in Swedish savings-bank history. It originated from the merger of savings and union banks in the early 1990s and operates in Sweden and the Baltic states, Estonia, Latvia and Lithuania. The bank holds a leading position in Baltic retail banking and offers a broad range of financial services, including retail banking and asset management.

LHV Group is a Tallinn-based Estonian financial services group offering banking, securities brokerage, financial advisory, finance leases and other lending to private individuals, small and medium-sized enterprises, and institutional investors. It operates through segments such as banking, asset management and insurance, providing deposits, loans, investment funds, pensions, insurance products and payment services. Founded in 1999, the group supports the Estonian capital market and economy and maintains international activities, including a UK operation serving fintechs with contemporary banking services like instant payments, virtual IBANs and multi-currency accounts.

European Investment Bank is the EU's long-term lending institution owned by its member states. It finances public and private sector projects across transportation, energy, telecommunications, health, education, water, housing, and other sectors in the European Union and beyond. The bank provides a range of financing tools including project loans, guarantees, debt and equity investments, and risk-sharing arrangements, as well as microfinance and venture capital funds. It also offers advisory services, infrastructure funding, and support for urban development, PPPs, and sustainable energy projects. Through infrastructure and environmental funds and partnerships with banks and intermediaries, it supports SMEs, innovation, and the transition to a low-carbon economy.

Prototron is a start-up fund based in Tallinn, Estonia, established in 2012 by Swedbank, Tallinn Technical University, and Tallinn Science Park Tehnopol. The organization focuses on financing teams with high growth potential in sectors such as Greentech, Electronics, Mechatronics, and Information and Communication Technology (ICT). Prototron conducts 3-4 financing rounds annually and has supported 58 startups over the past five years, providing funding exceeding 470,000 euros along with coaching and incubation services. The portfolio companies have collectively generated over 4.5 million euros in revenue and attracted more than 17 million euros in additional capital, establishing Prototron as the most productive pre-seed fund in Estonia. The fund aims to assist new start-up teams in developing their prototypes and seeks partnerships to foster future success stories in the region.

Founded in 2013, Livonia Partners is a private equity firm headquartered in Riga, Latvia with offices in Tallinn, Estonia and Vilnius, Lithuania. The firm specializes in buyout and growth capital investments, focusing on small to mid-sized companies across various sectors including manufacturing, services, consumer goods, financial services, technology, media, and telecommunications. Livonia Partners primarily invests in the Baltic region, with a focus on Estonia, Latvia, and Lithuania. The firm seeks to invest between €3 million and €15 million per company, targeting enterprises valued at €10 million to €100 million.

Ambient Sound Investments OÜ, established in 2003 in Tallinn, Estonia, is a family office specializing in direct and fund of fund investments. It focuses on private equity and venture capital, investing in technology and technology-based service companies across the United States, Asia, and Europe. The firm prefers minority stakes, typically investing between €0.5 million to €2 million, and aims to have a Partner or Advisor on the boards of its portfolio companies. Ambient Sound Investments also engages in co-investments and public equity investments, using personal capital and balance sheet investments. Initially founded by Skype engineers to hold a minority stake in Skype, the firm sold its shares to eBay in 2005 and now operates as a private investment vehicle.

Founded in 2021, Siena focuses on providing liquidity to early investors, founders, and employees of high-growth startups in the Nordics and Central & Eastern Europe.

GameFounders is an accelerator founded in 2012, specializing in supporting early-stage game studios and startups. It focuses on mobile, VR, and AR studios, typically investing up to $30,000 for a dilutable 9% stake. The program offers a three-month long intensive mentoring period, with an initial grant of $25,000, and accepts around 10 studios per cohort. GameFounders is headquartered in Tallinn, Estonia.

Founded in Tallinn, Estonia in 2016, Trind Ventures is a venture capital firm investing in early-stage startups across Europe. They focus on marketplaces, consumer solutions, and PLG-driven B2B solutions, typically investing €0.1 million to €1 million per company.

Sunly is a renewable energy company active in the Baltics and surrounding markets. It develops solar and wind parks, operates them, and invests in start-ups focused on renewable energy and electrification.

Decacorn Capital is a Singapore-based venture capital firm established in 2016. It invests globally, focusing on tech-led disruptive innovations across sectors such as artificial intelligence, aerospace, blockchain, cloud & edge computing, genomics, and robotics. The firm curates high-impact businesses with rapid adoption curves and technology-driven defensible moats, aiming to generate superior returns.

Nordic Investment Bank is an international financial institution headquartered in Helsinki, Finland. It provides sustainable, long-term financing to public and private sector clients on market terms, offering loans and guarantees for energy, environment, transport, infrastructure, telecom, and related projects. Owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden, the bank funds its lending through international capital markets. It serves governments, municipalities, large and mid-cap companies, financial institutions, and small and medium enterprises in member and non-member countries, and may support on-lending through financial intermediaries. Its projects emphasize competitiveness and sustainability in the Nordic-Baltic region.

Practica Capital UAB is a venture capital firm that provides early-stage and growth capital to micro, small and medium-sized companies across industries, with a focus on the Baltic region and Northern Europe including Estonia, Latvia, Lithuania, Finland, Sweden, Poland, Germany and Denmark, as well as Baltic-origin ventures in Europe. It participates in seed and startup rounds ranging from about €3,000 to €200,000 and in later rounds from about €50,000 to €3,000,000, preferring minority ownership and board involvement. Investments are made primarily in equity via common or preferred stock, and quasi-equity via convertible debt. The firm aims to act as a strategic adviser and seeks to exit investments within two to five years through trade sales, management buyouts, IPOs or refinancing of quasi-equity instruments. Practica Capital UAB was founded in 2011 and is based in Vilnius, Lithuania.

Veriff is an online identity verification company founded in 2015 and headquartered in Tallinn, Estonia. It provides a secure, automated platform designed to help businesses safeguard against online identity fraud. Utilizing advanced machine learning technologies alongside human oversight, Veriff enhances the verification process by quickly detecting fraudulent activity while also ensuring compliance with know your customer regulations. Its services encompass the verification of various identification documents such as driver’s licenses and passports across both web and mobile applications. By effectively connecting companies with trustworthy customers, Veriff contributes to stronger fraud prevention measures in the commercial sector.

The Estonian Development Fund, established in April 2007 by the Riigikogu, aims to drive transformative changes in Estonia's economy and society. Its primary objectives include modernizing the economic structure, boosting export growth, and fostering the creation of high-skilled jobs. By supporting initiatives that align with these goals, the Fund plays a crucial role in enhancing the overall economic landscape of Estonia.

HeadHunter is an online recruitment platform that connects job seekers with employers across Russia and several countries in the Commonwealth of Independent States, including Ukraine, Belarus, Kazakhstan, Azerbaijan, Lithuania, Latvia, and Estonia. Launched in 2000 and headquartered in Moscow, the platform offers a range of services to both employers and job seekers. Employers can access a CV database and post job openings for a fee, while job seekers can find suitable job opportunities through the platform's desktop and mobile applications. The company's focus is on facilitating the recruitment process, making it easier for companies to find qualified candidates and for individuals to secure employment.

Inwido AB is a prominent European supplier of windows and doors, headquartered in Malmö, Sweden, and founded in 1811. The company develops, manufactures, and sells a diverse range of products, including wood, aluminum, glass, and PVC windows, as well as doors and associated accessories. Inwido operates primarily through direct sales, retailers, and construction companies, and it also utilizes e-commerce channels to reach consumers. The company has a strong presence in Scandinavia and several other European countries, including Denmark, Finland, Norway, Estonia, Germany, Lithuania, Ireland, Poland, the UK, and Austria. Inwido markets a portfolio of approximately 20 local brands, such as Elitfönster and Tiivi, and offers innovative products like smart windows equipped with antibacterial glass and mobile app-controlled locks. A significant portion of Inwido's revenue is generated from the Swedish market.

The Creative Destruction Lab (CDL) is a seed-stage acceleration program founded in 2012 at the Rotman School of Management in Toronto, Canada. It is dedicated to supporting massively scalable, science- and technology-based ventures by providing a unique coaching process focused on specific objectives. CDL connects startups with experienced entrepreneurs and leading scientists across various sectors, including artificial intelligence, healthcare, quantum computing, blockchain, energy, and cleantech. The program has expanded its reach, operating in six cities: Vancouver, Calgary, Toronto, Montreal, Halifax, and New York City, and emphasizes the commercialization of scientific and technological advancements.

Blue Ocean Robotics ApS, headquartered in Odense, Denmark, specializes in designing, developing, and commercializing professional service robots. Its portfolio includes the UVD Robot for hospital disinfection, the Multi Tower Robot for patient handling and rehabilitation, and other robots catering to logistics, cleaning, healthcare, education, and more. The company also provides robotic automation solutions, strategic automation roadmaps, and events for the robotic industry. Blue Ocean Robotics serves various sectors, offering its products through sales partners and joint ventures in multiple countries. It operates through subsidiaries in Denmark, Lithuania, Hong Kong, the United States, Sweden, and Germany. Additionally, the company invests in and incubates robotic projects, leading their development and commercialization before potentially selling, licensing, or spinning them out to new subsidiaries or existing companies.

Fitek Group is a financial process automation solutions provider based in Tallinn, Estonia, with operations in Latvia, Lithuania, and Slovakia. Established in 1995, the company specializes in optimizing and automating a wide range of financial processes, including purchase invoice management, document workflow, and complex sales invoice solutions. Fitek serves over 1,000 clients across the Baltic states, Nordic countries, and Central Europe, including leading banks, telecoms, public sector institutions, and various other industries. The company employs more than 130 qualified professionals dedicated to delivering efficient financial solutions that can significantly reduce resource allocation by up to five times. Through its innovative services, Fitek aims to enhance operational efficiency for its customers while lowering their costs.

Founded in 2022, Fund Fellow Founders is an angel group based in Ülemiste, Estonia. It invests and provides collective advice to founders across the Nordics and Baltic regions.

Earlybird Venture Capital GmbH & Co. KG is a venture capital firm specializing in early stage, startups, growth and development stage, late, and expansion investments in private companies in seed, series A and B with a potential for later follow on investments. The firm typically invests in disruptive global consumer and enterprise internet and technology businesses, mobility and logistics, internet of things, marketplaces, communities, social networks, blockchain, mobile services, insurance, enterprise productivity, vertical integration, data, analytics and artificial intelligence, cloud computing, software/information technology, communications, healthcare, diagnostics, convergent technologies, and technology enabled services companies. It also invests in internet services, financial technology, cleantech, health technologies, web servers, B2B commerce, e-commerce software, digital media technologies, hardware, diversified financial services, media, medical technology, medical devices and biotech platform technologies. The firm typically invests in globally focusing on companies based in Europe, with an emphasis on German-speaking countries and Central Eastern Europe. The firm also invests in United States of America, Ukraine, GSA, Nordics, United Kingdom, Benelux, France, Southern Europe, Slovenia, Slovakia, Serbia, Romania, Western Europe, Poland, Montenegro, Moldova, Macedonia, Lithuania, Latvia, Kosovo, Hungary, Estonia, Czech Republic, Croatia, Bulgaria, Bosnia and Herzegovina, Albania, Germany, Turkey, and Jordan. It initially invests between €200,000 million ($0.22 million) and €5 million ($7.18 million) and can participate in subsequent rounds up to a total investment of €10 million ($14.37 million) to €15 million ($21.56 million) per Portfolio Company. The firm prefers to be the lead investor, take a minority stake, and a board membership in the portfolio companies. Earlybird Venture Capital GmbH & Co. KG was founded in 1997 and is based in Berlin, Germany with additional offices in Munich, Germany; Istanbul, Turkey; and the United States.

MM Grupp is an Estonian-based holding company established in 1999. It strategically invests in various sectors such as pharmaceutical distribution (Magnum), real estate development (Ecobay), and venture capital initiatives (Bacterfield, Villa Benita). The group's companies primarily operate in Europe and employ over 1,000 staff.

Founded in 2021, Blockpact Capital is an investment firm specializing in digital assets, fintech, and decentralized technologies. Headquartered in Tallinn, Estonia, the company focuses on early-stage investments in these sectors.

Alexela Group is a holding company based in Tallinn, Estonia, with a diverse portfolio spanning oil, energy, metals, and property development. The company specializes in the export of green energy and metal structure production, while also engaging in oil shale chemistry. Its subsidiaries are actively involved in developing liquefied natural gas (LNG) terminals, aimed at promoting the use of liquid gas as a vehicle fuel and enhancing electricity generation capacities. Additionally, Alexela Group focuses on shale oil production, positioning itself as a key player in the evolving energy sector.

Established in 1918, Orkla is a leading supplier of branded consumer goods and concept solutions to the grocery sector, out-of-home sector, and bakeries. Its primary markets are the Nordics and Baltics, with strong positions in selected product categories across Central Europe and India.

WeFund Ventures is a venture capital firm established in 2017 and headquartered in Tallinn, Estonia, with an additional office in Berlin, Germany. The firm specializes in early-stage investments across various sectors, including agritech, fintech, blockchain, security, biotech, enterprise solutions, big data, augmented reality/virtual reality, and aerospace. WeFund Ventures operates an acceleration fund that provides financing to very early-stage projects, utilizing an efficient syndicate funding structure that enhances its ability to mobilize substantial resources quickly and flexibly. The firm aims to support promising projects and drive innovation in its targeted industries.

Highgoal Capital is a technology-focused investment firm that backs founders and technology companies across Europe, the Middle East and Africa. Founded in 2020 and based in Tallinn, it operates with offices in London and Tallinn. The firm targets technology ventures across its regional footprint, supporting companies at scale and helping them reach global markets. It is registered with the Estonian Financial Supervisory Authority as a small alternative fund manager, reflecting its regulatory status in the Baltic region.

Founded in Estonia in 2017, Yolo Investments is a venture capital firm focusing on seed- and early-stage investments across gaming, fintech, web3, and other tech sectors. The company aims to support outstanding entrepreneurs with innovative ideas, fostering growth and disruption within their respective industries.

Starship Technologies, Inc. is a robotics company that specializes in the design and manufacture of self-driving delivery robots intended for local goods transportation. Founded in 2014, the company is headquartered in London, United Kingdom, with a research and development center in Estonia. Its autonomous robots are capable of delivering parcels, groceries, and food within a 30-minute timeframe, operating autonomously 99% of the time. These robots utilize a suite of sensors, including cameras and GPS, to ensure safe and efficient curb-side deliveries from local hubs. Starship Technologies aims to revolutionize the delivery process by providing convenient services that enhance everyday life while promoting environmentally friendly practices and reducing costs associated with local deliveries.

Adven is a provider of outsourced energy and water infrastructure services across Finland, Sweden, and Estonia. It specializes in building, owning, and operating plants for process steam, heat, and cold production, serving industrial clients under long-term contracts. Adven also offers district heating, space heating, cooling through geothermal solutions, and tailored energy solutions with a focus on reliability, cost-efficiency, and low environmental impact.

Founded in 1856, Skandinaviska Enskilda Banken is a leading financial institution offering a wide range of banking services. It provides corporate and investment banking to large clients, retail banking to individuals and small businesses, and life insurance solutions across the Nordic and Baltic regions. The company also offers asset management services through various funds and portfolio mandates.