Fundraising Fox

Specialist VC

Venture capital

Tallinn · Pre-Seed–Series A · 8 people tracked

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Investment thesis

Specialist is an early-stage venture capital fund investing from pre-seed to Series A, with select secondaries at A+. It backs forward-thinking founders across the Baltics, Finland and Ukraine, focusing mainly on B2B, SaaS, fintech, platforms, software-enabled hardware and deep tech, while remaining open to other areas. The fund emphasizes long-term relationships, often supporting companies through several funding rounds, and offers founders access to a network of people and resources. Its LP base includes founders and early employees of regional tech success stories as well as domain specialists.

Invests inAI & Machine LearningData & InfrastructureDeep TechEnterprise SoftwareFintechHardwareSaaSSector AgnosticEstoniaEuropeFinlandLatviaLithuaniaTallinnUkraineUnited KingdomUnited States

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
Check
$270K – $3.2M
HQ
Tallinn, EE
Instruments
Equity
Founded
2017
AUM
$54M
Tracked investments
65

Team · 8 people

from the firm's website & public directories

What they invest in

from 42 of 65 portfolio companies

SaaS ×17AI & Machine Learning ×15Fintech ×8Healthtech ×6Data & Infrastructure ×5Consumer ×4Cybersecurity ×4Hardware ×4

HQs:Estonia×14United Kingdom×3United States×2India×1Latvia×1

Investments · 65 tracked

founders shown can be your intro path

By year:2024 · 12018 · 12 dated

Amorphous AIamorphous.healthin✓ verified

Amorphous transforms unstructured hospital data into standardized, queryable formats using AI, enabling hospitals to derive operational, financial, and clinical insights for decision-making.

AI & Machine LearningData & InfrastructureHealthtech

Agiledayagileday.comin𝕏
Aiatellaaiatella.com

Atella develops technology for early detection of cardiovascular disease, aiming to enable earlier intervention.

AI & Machine LearningDigital HealthHealthtech

Bananibanani.coin𝕏
Bettermedicinebettermedicine.aiin

Better Medicine builds AI-powered software that detects lesions on CT scans, offering automated lesion detection, a custom imaging viewer with semi-automated measurement tools, and automated reporting for radiologists and radiology professionals.

AI & Machine LearningHealthtechMedical Devices

bilance-logo-longbilanceapp.comin

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

Bitefulbiteful.appin

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

Bobwbobw.coin

Bob W is a tech-powered aparthotel operator offering flexible short- and long-stay apartments with kitchens, mobile check-in and phone-based door access across European cities.

PropTechTravel & Hospitality

Boltbolt.euin𝕏
Certificcertific.co
Click & Growclickandgrow.com
Codemagiccodemagic.ioin𝕏

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

Martin Jeret(CEO)

Comodulecomodule.comin

Comodule provides IoT hardware and a cloud platform that connect e-bikes, giving riders app-based GPS tracking, smart locks, and theft alerts while enabling brands to offer remote diagnostics, over-the-air updates, and fleet management.

HardwareIoTMobility & Transportation

Coplacopla.comin
Custcust.coin

Cust is an AI agent for B2B customer success and retention teams that connects to a company's CRM, email, calendar, and data sources to continuously research every account, surface churn risk and expansion signals, and draft retention actions.

AI & Machine LearningSaaSSales Tech

Cybexercybexer.comin𝕏

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

AI & Machine LearningCybersecurityDeep TechDefense TechEnterprise SoftwareTallinn, EE

Drhousedrhouse.comin

Dr House offers telehealth services connecting patients with board-certified doctors via video visits for non-emergency conditions, with prescriptions sent to a pharmacy or delivered.

Digital HealthHealthtech

Eagronomeagronom.comin

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

Kristjan Luha(Co-founder)

Epicbriefepicbrief.com
Flowstepflowstep.design
FoodDocsfooddocs.comin𝕏

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

FoodTechSaaS

Fractoryfractory.comin
Galadrielgaladriel.com𝕏

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

Gearboxgearbox.bioin

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

Giraffe360giraffe360.com
Gridiogridio.ioin𝕏

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

Guestjoyguestjoy.com

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

Inzmoinzmo.comin𝕏
Kilo Healthkilo.healthin

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

Kingdom Technologieskingdom.gardenin

Kingdom builds autonomous commercial robotic mowers that use sensor fusion and predictive sensor systems to mow large areas, including shaded zones with limited satellite visibility, and can be monitored and controlled remotely via an app.

AgTechHardwareRobotics

Kooskoos.ioin

KOOS.io provides a platform that helps online platforms and marketplaces reward their contributors—such as content creators, freelancers, and suppliers—by tracking contributions and distributing rewards based on preset rules as the business grows.

Creator EconomyMarketplacesSaaS

Lightcodephotonicslightcodephotonics.com
Lightyearlightyear.comin𝕏

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

Meetfrankmeetfrank.com
memory-osmemoryos.comin𝕏
Miros AImiros.aiin

Miros is an AI-powered product discovery platform that infers shopper intent from behavioral signals to surface relevant products in visual commerce categories like fashion, furniture, and decor.

AI & Machine LearningE-commerceMarketing Tech

Monesemonese.comin𝕏

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

Monsanto exit company
Montoniomontonio.comin

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

E-commerceFintechSaaSTallinn, EE

Nanordicananordica.comin

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

Nordigennordigen.com
Outfunneloutfunnel.com

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

Michiel Klonhammer(CEO)Andrus Purde(CEO and Co-founder)Markus Leming(Co-Founder & Head of Product and Support)

Parcelseaparcelsea.comin

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

Patchstackpatchstack.comin𝕏

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

CybersecurityDeveloper ToolsNot explicitly stated

Payqinpayqin.com
Ruffalo Noel Levitz exit company
Salto Xsaltox.coin𝕏
Salvsalv.comin

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.

CybersecurityFintechSaaS

Taavi(Founder & CEO)Sergei(Founder & CTO)

SensusQsensusq.comin𝕏

SensusQ is an intelligence management platform that collects and fuses multi-domain data from sources such as social media, open-source feeds, sensors, and mobile app reports, then supports data analysis, visualization, and standardized reporting.

Data & InfrastructureDefense TechGovTech

Seraleadsseraleads.com

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 Tech

Karl(Co-founder)

Smartadsmartad.eu
Sonarworkssonarworks.comFeb 2024

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

AI & Machine LearningConsumerCreator EconomyHardwareSaaSRiga, LV

Martins PopelisHelmuts BemsInguna Kronberga(Executive Officer)

BoardGeoffrey Baehr(Director)Kristjan Laanemaa(Director)

Starship Technologiesstarship.xyzin𝕏

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

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

Ahti Heinla(Co-founder)Janus Friis(Co-founder)Lex Bayer(Executive Officer, Director)Mark Dyne(Director)

Supersimplesupersimple.ioin

Supersimple is an AI data analytics platform that combines governed data warehouse information with company knowledge into a single AI agent, letting teams query data in plain English and build explainable, no-code analyses.

AI & Machine LearningData & InfrastructureSaaS

Timbetertimbeter.comin𝕏
Twice Commercetwicecommerce.comin𝕏

TWICE is a commerce operating system for rental and resale businesses, built around serialized inventory that tracks each item as a unique asset with its own lifecycle, pricing, and profitability.

Circular EconomyRetail TechSaaS

Valuevalue.space

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

Veriffveriff.comin𝕏Jun 2018

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

Kaarel Kotkas(Founder/CEO)inTaavet Hinrikus(Director)

BoardSimon Levene(Director)

VitalFields
VocalImage,vocalimage.appin

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

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does Specialist VC invest at?
Specialist VC invests at the Pre-Seed, Seed, Series A stages.
What is Specialist VC's typical check size?
Specialist VC typically writes checks of $270K – $3.2M.
What sectors does Specialist VC focus on?
Specialist VC focuses on AI & Machine Learning, Data & Infrastructure, Deep Tech, Enterprise Software, Fintech, Hardware, SaaS, Sector Agnostic.
Where is Specialist VC located?
Specialist VC is headquartered in Tallinn, EE.

Media · Podcasts & interviews

featuring the team

L59 Pitch Competition 2024 - Riivo Anton, Lead Investor from Specialist VC

Latitude59 · Riivo Anton

Riivo Anton & Ivar Siimar: Founding partner at Specialist VC & Partner in Trind Ventures

Q BERLIN · Riivo Anton

Images

Specialist VC photo

Co-investors · 7

Trind Ventures

Trind Ventures is an early-stage venture capital firm that backs consumer and community-driven startups across Europe, supporting founders from the first investment through multiple rounds.

Both backed · 8
$108K – $1.1M
BADideas.fund

BADideas.fund is an early-stage venture firm backing founders pursuing contrarian, industry-scale bets, providing hands-on go-to-market operators to portfolio companies. It has backed 40+ companies since 2022.

Both backed · 5
$54.5K – $1.6M
OTB Ventures

OTB Ventures is a venture capital firm that invests in deep-tech companies building world-changing technology with real-life applications, supporting founders from late seed and Series A stages toward global growth.

Both backed · 1
Fractory
$1.1M – $7.7M
L Catterton

L Catterton Growth is the growth investing arm of L Catterton, a consumer-focused private equity group that has made over 300 investments in consumer brands since 1989. The firm manages roughly $40 billion and backs middle-market companies and emerging high-growth consumer businesses; this unit is listed with a London office.

$10M – $200M
Angel Invest

Angel Invest is an early-stage 'super angel' fund based in Berlin that invests in roughly 75 startups per year with typical checks of €125k, coaching each founder for at least a year.

$135K
Acrobator Ventures

Acrobator Ventures is a seed-stage venture capital firm based in Amsterdam that invests in software companies founded by entrepreneurs from the CIS, Central and Eastern Europe, and Baltic regions. The firm focuses on data infrastructure, fintech, biotech, cybersecurity, robotics, and related enabling technologies.

$216K – $1.6M
Verve Ventures

Verve Ventures (Verve Capital Partners AG) is a Swiss deep tech venture capital firm investing at the intersection of science and enterprise, focused exclusively on Europe. It is a FINMA-licensed securities firm based in Zurich.

$1.1M – $2.2M

Firms observed investing alongside Specialist VC, from public investor directories. Shared companies are the overlap with Specialist VC's recorded portfolio.

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