Specialist VC — Full Portfolio

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

Jaakko Hartikainen(Sales & Business)Jaakko Hallavo(Product & Technology)Jani Folland(International Sales & Partnerships)

Co-investorsNewionVendep 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-investorsVendep CapitalNewion

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

Jack Parker

Co-investorsNordic 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

Vlad Solomakha(Founder)inVova Parkhomchuk

Co-investorsInovo 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)Dmytro Fishman(Co-Founder & Chief Science Officer)Martin Reim(Co-Founder & Advisor)Helena Ije(Co-Founder & Chief Operating Officer)Bohdan Petryshak(Co-Founder & Chief of AI Engineering)Sergei Gussev(Co-Founder & Chief Technology Officer)

Co-investorsSoulmates VenturesSuperAngel

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-investorsThorgate 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 offers fully equipped short-stay apartments in European city centers as an alternative to hotels, targeting travelers who want comfortable, sustainable accommodations in handpicked neighborhoods.

Climate TechImpact & Social GoodPropTechTravel & Hospitality

Niko Karstikko(Chief Executive Officer, Co-founder)Sebastian Emberger(Chief Strategy Officer, Co-founder)

Co-investorsElevator VenturesSuperAngel

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-investorsBADideas.fundKorelya CapitalRubyLightSpring CapitalEuropean Investment BankFidelity Investments+3 more

Tallinn, EE

Taavet Hinrikus(Co-founder)in

Co-investorsChange VenturesFirstpickHeartfelt 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

Co-investorsIngka InvestmentsMetaplanetSEB AllianceSpring CapitalTrind 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

Martin Jeret(CEO)

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

Kristjan Maruste(Co-Founder)Teet Praks(CEO, Co-Founder)Heigo Varik(Software & Data, Co-Founder)

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-investorsFirstpickSuperhero CapitalIron Wolf CapitalOperator Stack

Cust is a customer success platform that helps customer success managers (CSMs) organize, track, and automate work across their customer portfolio.

AI & Machine LearningEnterprise SoftwareFuture of WorkSaaSSales Tech

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

AI & Machine LearningCybersecurityDeep TechDefense TechEnterprise SoftwareTallinn, EE

Co-investorsKarma Ventures

DrHouse is a telehealth platform that connects patients with board-certified physicians for virtual consultations, diagnosis, and prescription services available 24/7 across all 50 U.S. states.

ConsumerDigital HealthHealthtech

Co-investorsTrind 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

Kristjan Luha(Co-founder)in

Co-investorsBalnord Sp. z o.o.Soulmates VenturesYolo InvestmentsZGI-4SuperAngelTrind Ventures

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

Co-investorsSuperhero 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

Svyatoslav Polishchuk(Founder)

Co-investorsDniproSupernode GlobalTera VenturesIron Wolf Capital

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

FoodTechSaaS

Co-investorsForward Venture CapitalSpring 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

Joosep Merelaht(Founder)in

Co-investorsOTB VenturesSuperhero CapitalTrind 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

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

Mikus Opelts(Founder)in

Co-investorsBADideas.fundChange VenturesCipio PartnersHCVCHoxton VenturesMetaplanet+3 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

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 TreiMeeri RebaneRisto Klausen

Co-investors500 GlobalChange 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-investorsMetaplanet

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

AgTechHardwareRoboticsGlasgow, GB

Co-investorsMetaplanetSuperAngel

KOOS.io provides a platform for companies to distribute virtual shares to community members and employees, tracking their participation and rewarding their contributions.

Creator EconomyEnterprise SoftwareFuture of WorkMarketplacesSaaS

Co-investorsSuperAngel

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

Cloud ComputingData & InfrastructureEnterprise SoftwareHardwareSanta Clara, US

Co-investorsKarma Ventures

Co-investorsSuperAngel

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

Martin Sokk(Founder)in

Co-investorsLightspeed Venture PartnersMetaplanetTaavet 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-investorsBeast VenturesPeakTesi (Finnish Industry Investment Ltd)Maki.vc

Co-investorsChange VenturesKarma VenturesKAYASpring Capital

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

AI & Machine LearningConsumerEdTech

Co-investorsAngel OneSID 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-investorsTera VenturesBADideas.fundMetis VenturesSnatched VenturesZAKA 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-investorsHSBCAnthemis VentureKinnevikOutward VCQVenturesSpring 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

Kristofer Turmen(Founder)inRasmus Õisma(Founder)inKarel Nappus(Founder)inMarkus Lember(Founder)in

Co-investorsIndex VenturesSuperAngelFf Venture CapitalGorilla CapitalTera VenturesPractica Capital

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-investorsSuperAngel

Co-investorsBalnord Sp. z o.o.Change VenturesInventureSuperAngel

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

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

Co-investorsbyFoundersSpring CapitalSquareOneLIFT99

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

Co-investorsDEPO VenturesSuperAngel

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

CybersecurityDeveloper ToolsNot explicitly stated

Oliver Sild(Founder)in

Co-investorsKarma VenturesThorgate VenturesTrind Ventures

Fabrice Amalaman(Founder)in

Co-investorsExpert DOJOBlockchain Founders Fund

Salto X provides a stock option and equity management platform for startups, aimed at founders, HR, and recruitment teams as well as option receivers.

FintechHR TechSaaS

Co-investorsBlockwallbyFounders

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)inJeff McClelland(Founder)Sergei Rumjantsev(Founder)Taavi Tamkivi(Founder)in

Co-investorsFf Venture CapitalFly VenturesFlyer One VenturesPassion CapitalSuperAngel

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-investorsNew North Ventures

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

Karl(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

Martins PopelisHelmuts BemsInguna Kronberga(Executive Officer)

BoardGeoffrey Baehr(Director)Kristjan Laanemaa(Director)in

Co-investorsKarma VenturesPerot JainAlmaz CapitalPractica CapitalSuperAngelTrind Ventures

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)inJanus Friis(Co-founder)Lex Bayer(Executive Officer, Director)Mark Dyne(Director)

Co-investorsAir Street CapitalCoefficient CapitalGrishin RoboticsHOF CapitalK2 GlobalKarma Ventures+6 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

Co-investorsTera Ventures

Timbeter provides a smartphone-based app that uses AI and machine learning to detect logs, measure diameters and calculate timber volumes from photos, with cloud storage and dashboards for inventory management.

AgTechAI & Machine LearningSaaS

Co-investorsChange VenturesTrind Ventures

TWICE provides commerce infrastructure and platform tools for circular economy businesses to manage resale and product lifecycle extension, allowing sellers control over listings, checkout logic, and transaction documentation.

Circular EconomyE-commerceRetail TechSaaS

TuomoToomasJoel

Co-investorsMission One CapitalTera Ventures

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

Co-investorsBADideas.fundGreat Stuff VenturesInventureSuperAngel

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(Co-founder)inJaner Gorohhov(Co-founder)in

BoardTaavet Hinrikus(Director)Simon Levene(Director)in

Co-investorsAccelMosaic VenturesAlkeon InnovationChange VenturesIVP (Institutional Venture Partners)Metaplanet+6 more

Farm management system (exited)

Co-investorsStartup Wise GuysTera VenturesZAKA VC

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-investorsFirstpick

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

CleantechHardwareLogistics & Supply ChainMobility & Transportation

Co-investorsMetaplanetSpring CapitalSuperAngel

Vumonic operates an email-receipts data panel that turns transaction records into consumer purchasing insights, serving investors (buy-side and sell-side), market researchers, corporates, and brands.

AI & Machine LearningData & InfrastructureFintech

Co-investorsTrind Ventures

Xolo provides business setup, invoicing, accounting, taxation, and compliance software for solo entrepreneurs and freelancers across multiple countries.

Enterprise SoftwareFintechFuture of WorkLegalTechSaaSTartu, EE

Allan Martinson(CEO)

Co-investorsKarma VenturesMetaplanetThorgate VenturesVendep CapitalAlmaz Capital

Yaga is an online marketplace for buying and selling secondhand clothing and goods, with buyer protection, bank/card payments, and delivery.

Circular EconomyE-commerceMarketplaces

Co-investorsRubyLight