Specialist VC
Venture capitalTallinn · Pre-Seed–Series A · 8 people tracked
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.
Source: firm website, verified Aug 3, 2026.
Team · 8 people
from the firm's website & public directoriesWhat they invest in
from 42 of 65 portfolio companiesSaaS ×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 pathBy year:2024 · 12018 · 12 dated
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
Atella develops technology for early detection of cardiovascular disease, aiming to enable earlier intervention.
AI & Machine LearningDigital HealthHealthtech
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 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
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)
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
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 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
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
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)
Patchstack is a security platform that helps make open-source software safer.
CybersecurityDeveloper ToolsNot explicitly stated
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
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)
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 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)
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
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
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
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)
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 companiesStarship Technologies · qz.com · Jul 17, 2026
Patchstack · arcticstartup.com · Jul 17, 2026
Veriff · tech-insider.org · Jul 6, 2026
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 teamL59 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
Co-investors · 7
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.
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.
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.
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.
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.
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.
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.
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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