Spring Capital
Venture capitalTallinn · Seed–Growth · 5 people tracked
Investment thesis
Spring Capital invests in exceptional teams across the Baltics and Scandinavia through two vehicles. The Seed Fund backs scalable, technology-driven startups from the Nordics and CEE that have already achieved initial client and market traction, writing €75-200K checks as part of larger rounds giving 18+ months runway, often acting as a validating early committer who creates fundraising momentum. The Growth Fund pursues micro private equity, acquiring minority stakes in high-growth Estonian SMEs for €300-700K to fund market expansion, M&A, or partial shareholder exits. The firm holds positions for 5-7+ years and works closely with founders as partner, mentor, and board member or advisor.
Source: firm website, verified Jul 28, 2026.
Team · 5 people
from the firm's website
Managing Partner overseeing the funds' day-to-day operations, legal and compliance work, and deal documentation, with 15 years in legal and 7 in venture capital and investment management. He also mentors portfolio companies on legal matters and Estonian law.
Investment Analyst on the Growth Fund team, involved in monitoring portfolio investments and assisting portfolio companies with reporting. Previously a tax consultant at PwC and Gunvor.
Member of the Seed Fund's Investment Committee, a seasoned entrepreneur with 20 years of real estate and construction leadership. An ESTBAN member and angel investor in 25+ startups including Bolt, Veriff, Fractory, Comodule and Bob W.
Member of the Growth Fund's Investment Committee specialising in small-cap equity and listed securities, curating the firm's listed positions. He has an extensive background in banking and telecommunications financial and executive roles.
Investment Manager and Investment Committee member who has built the firm's investment pipeline and processes since 2019, often the first point of contact for companies seeking funding and responsible for sourcing dealflow for both funds. Background in B2B SaaS sales and marketing.
What they invest in
from 4 of 36 portfolio companiesAI & Machine Learning ×2AdTech ×1Consumer ×1E-commerce ×1EdTech ×1Enterprise Software ×1Fintech ×1Future of Work ×1
HQs:United Kingdom×1Lithuania×1
Investments · 36 tracked
founders shown can be your intro pathOne-click video creation tool for ecommerce (exited).
Collaborative digital whiteboard for remote teams (exited).
Genus.ai provides product feed management and AI-powered ad creative generation for e-commerce brands to distribute catalog content across multiple ad channels including Facebook, Instagram, Google, Pinterest, and others.
AdTechAI & Machine LearningE-commerce
Platform letting an organization's workforce and partners post and share warm sales leads.
Monese is a mobile money app operating as an Electronic Money Institution (EMI), offering multi-currency accounts, contactless Mastercard debit cards, international transfers, budgeting tools, and a credit builder. It serves consumers across the European Economic Area, including people underserved by traditional banking.
ConsumerFintech
PromoRepublic provides a platform for managing social media presence across multiple locations, enabling multi-location brands, franchises, and marketing agencies to maintain consistent corporate messaging while allowing local customization and control.
Enterprise SoftwareMarketing TechSaaS
Beverage company making mixologist-level cocktails in bottles and kegs.
B2C app helping customers get refunds from price drops (exited).
Turing College is an online school that teaches practical technical skills through project-based, expert-supported learning programs designed to prepare students for tech careers. The company serves learners seeking flexible, remote education aligned with employer needs, and operates across multiple countries in the edtech sector.
AI & Machine LearningEdTechFuture of WorkVilnius, LT
Benas Šidlauskas(Founder)inLukas Kaminskis(CEO)Tomas Moska(Founder)inBenas Sidlauskas(Founder)in
Environmentally friendly grocery delivery via dark stores in Stockholm (exited).
Electronic paper material for zero-power, outdoor-stable video-capable displays (exited).
AI-driven talent analytics platform for executive search (formerly Teamscope; exited to Assessio).
Frequently asked questions
- What stage does Spring Capital invest at?
- Spring Capital invests at the Seed, Growth stages.
- What is Spring Capital's typical check size?
- Spring Capital typically writes checks of $75K – $700K.
- What sectors does Spring Capital focus on?
- Spring Capital focuses on Advanced Manufacturing, AI & Machine Learning, Circular Economy, Cleantech, Crypto & Web3, Fintech, IoT, Marketing Tech, Mobility & Transportation, SaaS, Sales Tech.
- Where is Spring Capital located?
- Spring Capital is headquartered in Tallinn, EE.
Similar investors
Everywhere Ventures is a global pre-seed venture capital firm founded in 2018 and headquartered in New York, investing $250,000 into early-stage technology companies. It runs a community-led model backed by 500+ founder and operator LPs.
Callapina Capital is an early-stage venture firm that began as an angel investor and now runs Fund I, focused on India-built, US-deployed SaaS companies and backing repeat, resilient founders across cycles.
MPG Fund is an early-stage investor backing technology startups across a range of sectors.
Cerity Partners Ventures provides Venture Capital as a Service (VCaaS) and custom venture capital solutions for corporations, helping them launch and manage corporate venture programs and invest in startups.
SmartWare.tech is a Hungarian pre-seed investor focused on hardware-based software products and hardware-enabled services, providing early-stage funding of €10K-€200K. Since 2017 it has invested in 32 companies with 4 exits.