Change Ventures
Venture capitalPre-Seed–Seed · 4 people tracked
Investment thesis
Change Ventures invests in pre-seed stage founders with exceptional team quality and determination to build companies with global ambitions. The firm backs locally-rooted Baltic founders (from Estonia, Latvia, or Lithuania) and members of the Baltic diaspora worldwide. Investment decisions center on evaluating founder grit and team strength as the primary investment criteria. The firm pairs capital with operational mentorship and introductions to a curated network of growth and later-stage investors to accelerate progress toward product-market fit.
Source: firm website, verified Jul 21, 2026.
Team · 4 people
from the firm's websiteEdward Steiner was instrumental in the foundation and launch of Change Ventures, serving as a key partner supporting the investment team's operations in the United States.
Girts is a serial engineering leader with two exits from Silicon Valley startups, most recently serving as Director of Engineering at Twilio. He actively mentors startups and invests as an angel, bringing deep technical expertise to the Change Ventures partnership.
Kärt brings community management experience from the Estonian startup ecosystem and strategic planning expertise. She supports the investment team with pre and post-investment research while managing community relationships and events.
Tim co-founded Fund Fellow Founders, a cross-border tech angel investment community, and previously established the Baltic headquarters for Swedish venture studio VNTRS in Tallinn. He has led partnerships and fundraising efforts and hosts the Investor Story podcast.
What they invest in
from 15 of 63 portfolio companiesSaaS ×7AI & Machine Learning ×4Enterprise Software ×4Fintech ×4Advanced Manufacturing ×2Cleantech ×2Climate Tech ×2Data & Infrastructure ×2
HQs:Estonia×5United Kingdom×2United States×2Bulgaria×1Latvia×1South Africa×1
Investments · showing 60 of 63
founders shown can be your intro pathInteractio provides remote simultaneous interpretation and multilingual meeting solutions using software and human interpreters for conferences, business meetings, and governmental sessions. The platform enables real-time translation for hybrid, remote, and on-site events across 111 countries.
AI & Machine LearningEnterprise SoftwareSaaS
Henrikas Urbonas(Co-founder)Simona Andrijauskaite(Co-founder)Domas Labokas(Co-founder)
Aerones provides robotic inspection, cleaning, coating, and repair services for wind turbine blades. The company serves wind park operators in the renewable energy sector.
Advanced ManufacturingCleantechClimate TechDeep TechEnergyRoboticsRiga, LV
Dainis Kruze(Founder/CEO)inJanis Putrams(Founder/CTO)inUNKNOWN(Co-founder, CTO)
Oberlo provides free tools and resources for entrepreneurs to start and grow ecommerce businesses through dropshipping. The platform helps small business owners launch online stores and manage their operations.
Direct to ConsumerE-commerceSaaS
BirdyChat is a chat and messaging application that integrates WhatsApp messaging with professional team collaboration features including group chats, community building, and AI tool integration for work teams and organizations.
AI & Machine LearningFuture of WorkSaaSSofia, BG
Fully managed print-on-demand jewelry service using direct-to-metal 3D printing technology for creators, gamers, artists and brands.
Complok provides Know Your Business (KYB) compliance software that automates customer onboarding and risk assessment for financial institutions and regulated businesses. The platform automatically pulls company data, ownership structures, and beneficial owner information from official registries, screens against sanctions and PEP lists, and uses AI to score client risk.
FintechSaaSTallinn, EE
Mobile app and cloud platform for simultaneous interpretation and audio streaming at live events.
Fyma develops AI-powered computer vision software for commercial real estate that analyzes spaces for occupancy, footfall, and anomaly detection while maintaining GDPR compliance and individual privacy. The platform enables property managers, CRE funds, and urban planners to optimize building efficiency and make data-driven decisions without proprietary hardware lock-in.
AI & Machine LearningData & InfrastructureEnterprise SoftwarePropTechLondon, GB
Karen Burns(Founder & CEO)Sam Pound-Jones(Head of Sales)Kaarel Kivistik(Head of Software)Madis Pukkonen(Software Developer)
Gelatex Technologies develops nanofiber production technology for use in food production, medical applications, and sustainable materials. The company focuses on creating materials with lower environmental impact across multiple industrial sectors.
Advanced ManufacturingBiotechCleantechClimate TechHealthtechNew MaterialsTallinn, EE
GoCardless provides bank payment collection and open banking data access services. The platform enables businesses to collect domestic and international payments via bank accounts and securely access customer bank account data across 2,300+ banks in the UK and Europe.
FintechLondon, GB
Inspectle is a food safety inspection and task management platform that automates compliance documentation, non-conformity tracking, and report generation for food producers. The software helps standardize inspections, capture evidence in real time, and align with GFSI food safety standards.
Enterprise SoftwareFoodTechSaaSTallinn, EE
Memby provides a platform for healthcare and educational providers to create, prescribe, and track play-based interventions for children from birth onwards, addressing documented declines in childhood play and associated developmental outcomes.
Digital HealthEdTechHealthtechRockford, US
Memby offers online group tutoring in mathematics, Afrikaans, and physical science for South African students following CAPS or IEB curricula, with groups capped at 10 students per class led by experienced tutors.
EdTech
Open banking analytics platform that transforms raw account data into actionable insights for banks, lenders and fintechs.
Printify is a print-on-demand platform that enables entrepreneurs to build eCommerce businesses by connecting them with a global network of printing providers. The service allows merchants to sell custom products without upfront inventory investment or cash outlay.
B2B MarketplacesCreator EconomyDirect to ConsumerE-commerceSaaS<UNKNOWN>
James Berdigans
Community marketplace where users buy and sell time with verified experts to share knowledge on any topic.
Robotic spray printing solution for out-of-home advertising that creates large-scale artistic commercial murals.
Monetizr operates an advertising and data platform that connects brands with mobile gamers through in-game rewarded experiences, using opt-in player data for targeting without relying on IDFA. The platform serves CPG brands and publishers seeking to reach the 3.8 billion global mobile gamers with measurable brand lift campaigns.
AdTechData & InfrastructureGamingMarketing TechSan Francisco, US
Andris Merkulovs(Founder and CEO)Martins Bratuskins(Founder and COO)
Frequently asked questions
- What stage does Change Ventures invest at?
- Change Ventures invests at the Pre-Seed, Seed stages.
- What is Change Ventures's typical check size?
- Change Ventures typically writes checks of $132.5K – $662.5K.
- What sectors does Change Ventures focus on?
- Change Ventures focuses on Sector Agnostic.
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