What stage does Fstage VC invest at?

Fstage VC invests at the Pre-Seed, Seed stages.

What is Fstage VC's typical check size?

Fstage VC typically writes checks of $50K – $100K.

What sectors does Fstage VC focus on?

Fstage VC focuses on Enterprise Software, SaaS, Sector Agnostic.

Does Fstage VC lead rounds?

Fstage VC typically participates in rounds rather than leading them.

Fstage VC

Angel network

Pre-Seed–Seed · 1 people tracked

★ Follow + Add to CRM ⤳ Find an introduction

Find your way into Fstage VC

121 people in our graph share verified history with the Fstage VC team — schools, employers, funds. One of them is your warm intro.

Marianne Kikasunlockedknows Mikk Orglaan · together at EAS - Enterprise Estonia (overlapped)

knows the team · via Kiuas

×2knows the team · via Estonian Business School

×2knows the team · via EAS - Enterprise Estonia

×5knows the team · via TalTech – Tallinn University of Technology

knows the team · via European Innovation Academy

✨ Fox Verdict

Investment thesis

The firm targets early-stage founders with proven capability and market validation rather than pure potential. Startups in the program demonstrate a working MVP, assembled core team, and some early revenue. Investment decisions are based on tangible deliverables and founder execution rather than promises. The firm emphasizes ethical practices and ESG impact as non-negotiable criteria. While sector-agnostic, it favors B2B SaaS businesses and avoids slow-growth, capital-intensive sectors such as medical and pharmaceutical. The syndicate model allows experienced professionals to monetize mentorship while small-ticket investors gain exposure to curated deal flow.

Invests inEnterprise Software SaaSSector AgnosticDenmark Estonia Finland Latvia Lithuania Norway Sweden

Source: firm website, verified Aug 6, 2026.

Stage

Pre-Seed–Seed

Check

$50K – $100K

Leads rounds

Follows

Instruments

Equity

Tracked investments

Team · 1 people

from public directories

Mikk Orglaan· Founding Partner· Tallinn, Harjumaa, Estoniain

Mikk Orglaan is a business advisor and coach at Challeng.ist who works with companies on strategy alignment, organizational processes, and growth initiatives. He previously founded and developed MAILBOW, an email marketing and conference management platform that was acquired by Smaily in 2019, and operated MIKARE NET, a software development agency with significant market presence in Estonian CRM solutions. His client portfolio includes major Estonian corporations across telecommunications, energy, insurance, media, and retail sectors, and he lectures at several Estonian universities.

m•••@fstage.vcreveal

What they invest in

from 2 of 2 portfolio companies

SaaS ×2Advanced Manufacturing ×1Logistics & Supply Chain ×1PropTech ×1

HQs:Estonia×1

Investments · 2 tracked

founders shown can be your intro path

Forknavforknav.eu

forkNAV provides software that organizes and optimizes forklift operations in warehouses, tracking work orders and items without RFID tags to reduce time spent locating items.

Advanced ManufacturingLogistics & Supply ChainSaaS

Ken Marten Mällo(Founder)in

Partner Mikk Orglaan· solo GP

Runpropertyrunproperty.com in

RunProperty is a PropTech startup that develops digital technologies for real estate sales professionals, primarily serving the European market.

PropTechSaaSTallinn, EE

Kristen Kannik(Founder)in

Partner Mikk Orglaan· solo GP

Frequently asked questions

What stage does Fstage VC invest at?: Fstage VC invests at the Pre-Seed, Seed stages.
What is Fstage VC's typical check size?: Fstage VC typically writes checks of $50K – $100K.
What sectors does Fstage VC focus on?: Fstage VC focuses on Enterprise Software, SaaS, Sector Agnostic.
Does Fstage VC lead rounds?: Fstage VC typically participates in rounds rather than leading them.

Similar investors

Frontline Ventures

Frontline is a venture firm that backs B2B technology companies across the US and Europe, helping them expand and win in the transatlantic market through two dedicated funds.

$540K – $3.2M

GoAhead Ventures

GoAhead Ventures is a venture capital firm that operates like a startup, using a streamlined one-way video pitch process where all three managing partners review every submission and deliver fast investment decisions.

$500K – $1M

Hyderabad Angels

Hyderabad Angels is an angel investment network founded in 2010, comprising entrepreneurs, industrialists, and family offices that back early-stage startups across India with capital and mentorship.

$60K – $480K

LAUNCHub Ventures

LAUNCHub Ventures is an early-stage venture fund investing in seed and Series A companies from South-Eastern Europe and the CEE region.

$324K – $3.2M

Notion Capital

Notion Capital is a B2B software-focused venture capital firm built by operators, backing SaaS, cloud and enterprise technology companies.

$1M – $100M

Featured in lists

Seed Investors & VC Firms Pre-Seed Investors & VC Firms Investors & VC Firms in Europe SaaS Investors & VC Firms Enterprise Software Investors & VC Firms SaaS Seed Investors & VC Firms Seed Investors & VC Firms in Europe Enterprise Software Seed Investors & VC Firms SaaS Pre-Seed Investors & VC Firms Pre-Seed Investors & VC Firms in Europe SaaS Investors & VC Firms in Europe Enterprise Software Pre-Seed Investors & VC Firms