Specialist VC

Agileday offers a platform that consolidates team data such as capacity, staffing, allocations, and financials into a single view for team leads managing consultants.

AI & Machine LearningEnterprise SoftwareFuture of WorkHR TechSaaS

JHJaakko Hartikainen(Sales & Business)inJHJaakko Hallavo(Product & Technology)inJFJani Folland(International Sales & Partnerships)in

Co-investorsNENewionVEVendep Capital

Agileday offers a platform that consolidates team data to give team leads unified visibility into capacity, staffing, allocations, and financials.

AI & Machine LearningEnterprise SoftwareFuture of WorkHR TechSaaSHelsinki, FI

Co-investorsVEVendep CapitalNENewion

AIATELLA develops AI-powered automation solutions for cardiovascular care, addressing the healthcare challenge of high imaging volumes and cardiologist shortages.

AI & Machine LearningDigital HealthHealthtechMedical Devices

JPJack Parkerin

Co-investorsNONordic Science Investments

Banani is an AI UI design tool that turns text prompts, references, and PRDs into editable, multi-screen clickable UI prototypes, with export to Figma, HTML/CSS, or images.

AI & Machine LearningDeveloper ToolsSaaS

VSVlad Solomakha(Founder)inVova Parkhomchukin

Co-investorsINInovo VC

Better Medicine develops AI-powered tools for medical imaging analysis designed to enhance radiologist workflows and diagnostic accuracy.

AI & Machine LearningHealthtechMedical DevicesTartu, EE

Priit Salumaa(Co-Founder & Chief Executive Officer)inDFDmytro Fishman(Co-Founder & Chief Science Officer)inMartin Reim(Co-Founder & Advisor)inHelena Ije(Co-Founder & Chief Operating Officer)inBohdan Petryshak(Co-Founder & Chief of AI Engineering)inSGSergei Gussev(Co-Founder & Chief Technology Officer)in

Co-investorsSOSoulmates VenturesSUSuperAngel

Bilance is a personal finance mobile app that connects to users' bank accounts to track expenses, categorise spending with AI, set budgets, monitor recurring bills and net worth, and share financial planning with a partner.

AI & Machine LearningConsumerFintech

Co-investorsTHThorgate Ventures

Biteful is a B2B ordering platform for hospitality suppliers, letting them digitize product catalogs into shareable online pages and receive orders that connect to ERPs or an API.

B2B MarketplacesFoodTechSaaS

Bob W operates a hotel brand offering flexible, furnished apartment-style accommodations across European cities for guests staying days to months.

Climate TechImpact & Social GoodPropTechTravel & HospitalityLondon, EE

NKNiko Karstikko(Chief Executive Officer, Co-founder)inSebastian Emberger(Chief Strategy Officer, Co-founder)in

Co-investorsBYbyFoundersEVEvli Growth PartnersVEVerve VenturesELElevator VenturesSUSuperAngel

Bolt operates a European mobility super-app offering ride-hailing, shared cars, e-scooters, and food and grocery delivery, along with on-demand parcel delivery.

Logistics & Supply ChainMarketplacesMobility & TransportationTallinn, EE

Co-investorsBABADideas.fundKOKorelya CapitalRURubyLightSPSpring CapitalEUEuropean Investment BankFIFidelity Investments+3 more

Tallinn, EE

THTaavet Hinrikus(Co-founder)in

Co-investorsCHChange VenturesFIFirstpickHEHeartfelt Capital

Click & Grow makes self-watering indoor smart gardens and pre-seeded plant pods that let consumers grow herbs and vegetables at home with minimal effort.

AgTechConsumerHardware

MLMattias Lepp(Founder)in

Co-investorsINIngka InvestmentsMEMetaplanetSESEB AllianceSPSpring CapitalTRTrind Ventures

Codemagic is a cloud-based CI/CD platform that automates building, testing, and distributing mobile apps, with dedicated support for Flutter and features like browser-based App Preview and React Native CodePush over-the-air updates.

Cloud ComputingDeveloper ToolsSaaSTartu, EE

MJMartin Jeret(CEO)in

Comodule develops IoT connectivity solutions and platforms for light electric vehicles, including e-bikes and e-scooters, serving manufacturers and fleet operators globally.

Advanced ManufacturingCleantechHardwareIoTMobility & TransportationSaaSTallinn, EE

KMKristjan Maruste(Co-Founder)inTPTeet Praks(CEO, Co-Founder)inHVHeigo Varik(Software & Data, Co-Founder)in

Copla offers managed vulnerability scanning for cloud environments, delivering audit-mapped reports aligned with compliance frameworks including ISO 27001, DORA, NIS2, and SOC 2.

Cloud ComputingCybersecurityEnterprise SoftwareFintechSaaS

Aurimas

Co-investorsFIFirstpickSUSuperhero CapitalIRIron Wolf CapitalOPOperator Stack

Cust provides AI-powered retention agents that analyze customer tickets, usage logs, and conversations to identify at-risk accounts and draft actions such as renewal proposals, QBR briefs, and proactive check-ins for human review and approval.

AI & Machine LearningEnterprise SoftwareFuture of WorkSaaSSales Tech

LNLaimonas Noreika(Founder)in

CybExer develops immersive testing and training environments for cybersecurity skill development and resilience building.

AI & Machine LearningCybersecurityDeep TechDefense TechEnterprise SoftwareTallinn, EE

Co-investorsKAKarma Ventures

DrHouse produces medical content written by health journalists and reviewed by licensed medical professionals to ensure accuracy and reliability for a consumer audience.

ConsumerDigital HealthHealthtechMedia & Entertainment

Ergo Sooru(Founder)in

Co-investorsTRTrind Ventures

eAgronom builds farm management software that helps farmers monitor and verify sustainable practices, generate carbon credits, improve agricultural efficiency, and access financing.

AgTechClimate TechSaaSTallinn, EE

KLKristjan Luha(Co-founder)in

Co-investorsBABalnord Sp. z o.o.SOSoulmates VenturesYOYolo InvestmentsZGZGI-4ICIcos CapitalSUSuperAngel+2 more

Helsinki-based AI startup automating sales administrative work such as call summaries and CRM updates.

Co-investorsSUSuperhero Capital

Flowstep builds an AI-powered design tool that converts text descriptions into editable UI, using its "Imagination Algorithm." It is aimed at product teams looking to align and ship designs faster.

AI & Machine LearningDeveloper ToolsSaaSTallinn, EE

SPSvyatoslav Polishchuk(Founder)in

Co-investorsDNDniproSUSupernode GlobalTETera VenturesIRIron Wolf Capital

FoodDocs provides software for creating and managing food safety management systems, including HACCP food safety plans, monitoring tasks, and compliance documentation.

FoodTechSaaS

KLKatrin Liivat(Founder)in

Co-investorsFOForward Venture CapitalSPSpring Capital

Fractory runs a metal fabrication service that connects engineering and manufacturing companies with a vetted network of suppliers, managing projects from quoting to delivery through a single point of contact.

Advanced ManufacturingB2B MarketplacesLogistics & Supply ChainManchester, GB

JMJoosep Merelaht(Founder)in

Co-investorsOTOTB VenturesSUSuperhero CapitalTRTrind Ventures

Galadriel offers on-demand access to large-scale GPU clusters (including H200, B200, and B300 chips) across the US and EU without long-term contracts.

AI & Machine LearningCloud ComputingData & Infrastructure

Gearbox Biosciences develops Pop-Out-Plasmid (POP) technology, an E. coli platform that produces plasmid DNA and recombinant proteins without antibiotic selection markers or chemical inducers like IPTG, while decoupling growth from production.

BiotechDeep TechHealthtechTartu, EE

Co-investorsPLPlaceholder

Giraffe360 sells a subscription 360° camera and AI software that turn one property scan into a full real estate listing media kit.

MOMikus Opelts(Founder)in

Co-investorsBABADideas.fundCHChange VenturesCICipio PartnersHCHCVCHOHoxton VenturesMEMetaplanet+4 more

Gridio is an app that enables smart charging for electric vehicles by automatically scheduling charging when energy prices are lowest and carbon intensity is minimal, without requiring additional hardware beyond the car itself.

EnergyMobility & Transportation

Co-investorsLILink Capital

GuestJoy provides a guest engagement platform for hoteliers, offering digital check-in, personalised upsell offers, automated pre- and post-stay emails, digital directories, and guest surveys.

Marketing TechSaaSTravel & Hospitality

INZMO is a digital insurance provider offering coverage for consumer items such as gadgets, bikes, and rental deposits, with an app-based process for managing policies and claims.

ConsumerFintechInsurTech

Markus TreiMRMeeri RebaneRKRisto Klausenin

Co-investors50500 GlobalCHChange Ventures

Kilo Health co-builds and invests in ventures across health, wellness, beauty, and travel, providing founders with funding, teams, operations, and full-stack support from pre-seed to Series A.

Digital HealthHealthtechWellness & Fitness

Co-investorsMEMetaplanet

Kingdom manufactures robotic lawn mowers designed for large commercial terrains such as golf courses, sports fields, parks, and campuses.

AgTechHardwareRoboticsGlasgow, GB

JKJoan Kangro(Founder)in

Co-investorsMEMetaplanetSUSuperAngel

KOOS distributes financial rewards to community contributors and stakeholders of businesses.

B2B MarketplacesCreator EconomyEnterprise SoftwareFuture of WorkMarketplacesSaaS

TKTaavi Kotka(Founder and CEO)

Co-investorsPLPluralLOLocalGlobeSUSuperAngel

Leil develops software that optimizes hard disk drive (HDD) storage performance and efficiency for enterprise data infrastructure.

Cloud ComputingData & InfrastructureEnterprise SoftwareHardwareSanta Clara, US

Co-investorsKAKarma Ventures

Lightyear is an investment platform offering commission-free ETF trading, access to stocks, funds, bonds and crypto, high-yield savings accounts, and automated investing plans for retail investors.

FintechSaaS

MSMartin Sokk(Founder)in

Co-investorsLILightspeed Venture PartnersMEMetaplanetAMAmploLULudlow VenturesSUSusa VenturesTATaavet Hinrikus

Maki.vc is a venture capital firm that invests in early-stage deep tech and startups, with a focus on the Nordics and Europe.

Deep Tech

Co-investorsBEBeast VenturesPEPeakTETesi (Finnish Industry Investment Ltd)MAMaki.vc

Encoder Inc. develops memoryOS, an educational software tool designed to teach memorization as a foundational skill within the modern education system.

AI & Machine LearningConsumerEdTech

ARAlex Ruzh(Founder)inPDPaul Deretskiy(Founder)in

Co-investorsANAngel OneSISID Venture Partners

Miros builds an AI-driven product discovery technology that infers shopper intent from behavioural signals such as scroll velocity, clicks, and dwell time, rather than requiring shoppers to describe what they want.

AI & Machine LearningE-commerceRetail TechTallinn, EE

Co-investorsTETera VenturesBABADideas.fundMEMetis VenturesSNSnatched VenturesZAZAKA VC

Monese offers mobile money accounts and cards along with financial tools such as credit-building, lending, and budgeting products for consumers managing everyday finances.

ConsumerFintech

Norris Koppel(Founder)in

Co-investorsHSHSBCANAnthemis VentureKIKinnevikOUOutward VCQVQVenturesSPSpring Capital+2 more

Montonio provides a unified platform for online merchants to manage checkout, payments, shipping, refunds, and post-purchase operations in one system.

E-commerceFintechSaaSTallinn, EE

KTKristofer Turmen(Founder)inRÕRasmus Õisma(Founder)inKNKarel Nappus(Founder)inMLMarkus Lember(Founder)in

Co-investorsINIndex VenturesSUSuperAngelFFFf Venture CapitalGOGorilla CapitalTETera VenturesPRPractica Capital+1 more

Nanordica Medical develops the Nanordica Advanced Antibacterial Wound Dressing, a sterile single-use dressing made of natural silk nanofibers with antibacterial nanoparticles (Premotiv technology) that prevents infection and promotes healing of chronic and infected wounds such as diabetic foot ulcers.

BiotechMedical DevicesNew MaterialsTallinn, EE

Co-investorsSUSuperAngel

Co-investorsBABalnord Sp. z o.o.CHChange VenturesINInventureSUSuperAngel

Outfunnel builds a data synchronization platform that connects sales and marketing apps such as HubSpot, Pipedrive, Mailchimp, Monday, Airtable, and Klaviyo, letting SMBs sync contacts, score leads, and create cross-platform reporting.

Marketing TechSaaSSales TechTallinn, EE

APAndrus Purde(CEO and Co-founder)inMLMarkus Leming(Co-Founder & Head of Product and Support)inMKMichiel Klonhammer(CEO)

Co-investorsBYbyFoundersSPSpring CapitalSQSquareOneLILIFT99

Parcelsea operates a last-mile delivery network combining community lockers with existing delivery channels to reduce delivery costs and improve first-time delivery success rates for carriers.

Logistics & Supply Chain

ASAndres Sampka(Founder)in

Co-investorsDEDEPO VenturesSUSuperAngel

Patchstack is a security platform that helps make open-source software safer.

CybersecurityDeveloper ToolsNot explicitly stated

OSOliver Sild(Founder)in

Co-investorsKAKarma VenturesTHThorgate VenturesTRTrind Ventures

Fabrice Amalaman(Founder)in

Co-investorsEXExpert DOJOBLBlockchain Founders Fund

Salto X is an all-in-one cap table platform that helps growing companies manage equity ownership, track stock options and vesting schedules, and maintain stakeholder accounts.

Enterprise SoftwareFintechHR TechSaaS

Co-investorsBLBlockwallBYbyFounders

Salv builds an anti-financial-crime platform providing AML, KYC, and fraud detection tools, along with a network that connects organisations to fight crime collaboratively.

CybersecurityFintechSaaSTallinn, EE

Taavi(Founder & CEO)inSergei(Founder & CTO)inJMJeff McClelland(Founder)inSRSergei Rumjantsev(Founder)inTTTaavi Tamkivi(Founder)in

Co-investorsFFFf Venture CapitalFLFly VenturesFLFlyer One VenturesPAPassion CapitalSUSuperAngel

SensusQ builds a knowledge engine that provides real-time access to critical information to improve decision-making for defense and intelligence professionals, drawing on decades of military and intelligence experience.

AI & Machine LearningData & InfrastructureDefense TechEnterprise SoftwareGovTech

Co-investorsNENew North VenturesSTStartup Wise Guys

Sera provides a team of AI agents that research each target company and write personalized outbound sales messages, capping volume at 150-600 messages a month to protect sender reputation.

AI & Machine LearningSaaSSales TechTallinn, EE

KKarl(Co-founder)Sergio Rannula(Founder)

Sonarworks develops audio personalization technology and sound correction software for music creators, recording studios, and consumer listeners.

AI & Machine LearningConsumerCreator EconomyHardwareSaaSRiga, LV

MPMartins Popelis(Founder)inHBHelmuts Bems(Founder)inInguna Kronberga(Executive Officer)

BoardGeoffrey Baehr(Director)KLKristjan Laanemaa(Director)in

Co-investorsKAKarma VenturesPEPerot JainALAlmaz CapitalPRPractica CapitalSUSuperAngelTRTrind Ventures

Starship develops autonomous robots for last-mile delivery of groceries, food, and packages to customers.

AI & Machine LearningLogistics & Supply ChainMobility & TransportationRoboticsSan Francisco, US

AHAhti Heinla(Co-founder)inJanus Friis(Co-founder)LBLex Bayer(Executive Officer, Director)inMDMark Dyne(Director)

Co-investorsAIAir Street CapitalCOCoefficient CapitalGRGrishin RoboticsHOHOF CapitalK2K2 GlobalKAKarma Ventures+16 more

Supersimple provides enterprise search functionality that indexes and searches data across multiple connected tools like Slack, Google Drive, Notion, and Confluence, with real-time indexing and permission-aware results that respect each user's access level in the original services.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaS

MKMarko Klopets(Founder)inPriit Haamer(Founder)in

Co-investorsTETera Ventures

Timbeter is a software platform that uses image-based technology to measure the volume, diameter, and count of logs in piles and trucks with precision.

AgTechAI & Machine LearningIoTSaaS

Vallo VisnapuuAnna-Greta TsahknaMartin Kambla

Co-investorsCHChange VenturesTRTrind Ventures

TWICE is an operating-system-style platform for circular commerce, giving businesses one system to run rental, resale, and hybrid operations with per-unit inventory tracking, catalog and pricing management, multi-channel sales, order processing, and customer management.

Circular EconomyE-commerceRetail TechSaaS

TuomoToomasJoel

Co-investorsMIMission One CapitalTETera VenturesMAMaki.vc

Value.Space provides satellite-based risk assessments for insurance underwriters and risk engineers using digital models of assets, climate data, and movement data to assess risk.

Climate TechInsurTech

RPReijo Pold(Founder)in

Co-investorsBABADideas.fundGRGreat Stuff VenturesINInventure8V8VCATAtreides ManagementFOFounders Fund+4 more

Veriff provides identity verification services for online platforms, using document recognition and multi-language support to verify that users are who they claim to be.

AI & Machine LearningCybersecurityDeveloper ToolsEnterprise SoftwareFintechSaaSTallinn, EE

KKKaarel Kotkas(Co-founder)inJGJaner Gorohhov(Co-founder)in

BoardTaavet Hinrikus(Director)SLSimon Levene(Director)in

Co-investorsACAccelMOMosaic VenturesALAlkeon InnovationCHChange VenturesIVIVP (Institutional Venture Partners)MEMetaplanet+7 more

Vocal Image is an AI-powered voice and communication coach where users record short voice exercises and receive instant feedback on pitch, clarity, pace, and confidence, along with a personalized daily training plan covering articulation, intonation, public speaking, and accent work.

AI & Machine LearningConsumerEdTech

Co-investorsFIFirstpick

Vok Bikes designs and manufactures automotive-grade, four-wheeled electric cargo bikes for commercial last-mile logistics in dense urban environments.

CleantechHardwareLogistics & Supply ChainMobility & TransportationTallinn, EE

Co-investorsMEMetaplanetSPSpring CapitalSQSQM Lithium VenturesSUSuperAngel

VOOL develops EV charging solutions that optimize grid usage to manage electricity flow and support electric vehicle charging at homes, workplaces, and public locations.

EnergyIoTSaaSTallinn, EE

SanderHindrik

Vumonic processes e-receipts and transaction data from a global panel of consenting users to power B2B consumer spending insights and analytics.

AI & Machine LearningData & InfrastructureFintechMarketing Tech

Co-investorsTRTrind Ventures