Spring Capital
Venture capitalTallinn · Seed–Growth · 5 people tracked
Investment thesis
Spring Capital invests through two strategies. Its Seed Fund backs scalable technology startups from the Nordics and CEE that show initial client and market traction, writing €75-200K checks (typically part of a larger round giving 18+ months runway) and often acting as a validating early investor that helps build fundraising momentum. Its Growth Fund pursues micro private equity, acquiring minority stakes in high-growth Estonian SMEs for €300K-700K to enable market expansion, M&A, or partial shareholder exits. The firm holds positions for 5-7+ years, actively supporting founders as board members, advisors, and mentors, and helping with strategy and operational excellence.
Source: firm website, verified Aug 7, 2026.
Team · 5 people
from the firm's website
What they invest in
from 24 of 39 portfolio companiesSaaS ×12AI & Machine Learning ×5Hardware ×5Data & Infrastructure ×4Enterprise Software ×4Marketing Tech ×4Sales Tech ×4Cleantech ×3
HQs:Estonia×8United Kingdom×3Lithuania×1United States×1
Investments · 39 tracked
founders shown can be your intro pathOutfunnel 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)Michiel Klonhammer(CEO)
Co-investorsbyFoundersSquareOneLIFT99Specialist VC
Co-investorsCofounderZoneIron Wolf Capital
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 & Transportation
Co-investorsBADideas.fundKorelya CapitalRubyLightSpecialist VCEuropean Investment BankFidelity Investments+3 more
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 AllianceSpecialist VCTrind Ventures
One-click video creation tool for ecommerce (exited).
Defendec provides autonomous intrusion detection systems for remote border and perimeter security using rugged, battery-powered devices with AI-based image analysis.
AI & Machine LearningDefense TechIoTTallinn, EE
Co-investorsTera VenturesTrind Ventures
EyeVi describes its company culture and team values, emphasizing continuous learning, innovation, and work-life balance.
AI & Machine LearningData & InfrastructureHardware
BoardSławomir Hemerling-Kowalczyk
Co-investorsRKKVCIron Wolf CapitalSuperAngel
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 CapitalSpecialist VC
Genus.ai applies artificial intelligence to help brands grow and improve efficiency in e-commerce.
AdTechAI & Machine LearningE-commerceMarketing TechBrentwood, US
Co-investorsChaos VenturesMGV.VCPICUS CAPITALAvalanche VCScout Fund
Platform letting an organization's workforce and partners post and share warm sales leads.
LeadX 360 is an AI-powered collaboration platform that lets everyone in a B2B organization share leads from their daily conversations and networks via a mobile app, then automatically scores, enriches, and prioritizes those leads.
AI & Machine LearningSaaSSales Tech
Co-investorsChange VenturesKarma VenturesKAYASpecialist 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
Co-investorsHSBCAnthemis VentureKinnevikOutward VCQVenturesSpecialist VC+2 more
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
Co-investors408 VenturesAlfabeatFlyer One VenturesInnovestor Ventures
Beverage company making mixologist-level cocktails in bottles and kegs.
Co-investors7percent Venturesa16z cryptoAndreessen HorowitzBHM GroupCollab+CurrencyKonvoy Ventures+6 more
Remato provides real-time workforce and equipment tracking for construction sites through a plug-and-play card reader system.
Construction TechIoTSaaS
Ranno Käomägi(Founder & CEO)Toomas Savisaar(Founder & Head of Sales)Viljar Kärgenberg(Head of Technology)Uku Pattak(Head of Product)Mikk Noorkõiv(Head of Operations)
Co-investorsThorgate VenturesSuperAngel
Roofit.Solar develops integrated metal solar roofs that combine roofing and photovoltaic electricity generation while preserving a conventional roof appearance.
CleantechConstruction TechEnergyHardwareTallinn, EE
Andri Jagomägi(Founder)Andres Anijalg(CEO & Co-Founder)Raimond Russak(Co-Founder)Martin Paju(COO)
Salesforge is a sales engagement platform that helps users build outbound lead-generation pipelines and run email campaigns.
Marketing TechSaaSSales Tech
Co-investorsBADideas.fund
Thinnect develops Mist Computing technology, an approach to distributed edge and sensor networks.
CleantechCloud ComputingData & InfrastructureDeep TechHardwareIoT
Jurgo Preden(Founder)in
Co-investorsTera Ventures
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.
AI & Machine LearningEdTechFuture of WorkVilnius, LT
Tomas Moška(Founder)inBenas Šidlauskas(Founder)inTomas Moska(Founder)inBenas Sidlauskas(Founder)inLukas Kaminskis(CEO)
Co-investorsY CombinatorFirstpickSuperCharger VenturesIron Wolf Capital
Uniify builds digital customer onboarding software for financial companies, aiming to reduce risk and simplify the onboarding process.
CybersecurityData & InfrastructureFintechSaaS
Co-investorsForward Venture CapitalPeople Ventures
Environmentally friendly grocery delivery via dark stores in Stockholm (exited).
Electronic paper material for zero-power, outdoor-stable video-capable displays (exited).
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-investorsMetaplanetSpecialist VCSuperAngel
Warren is a cloud platform that provides turnkey Infrastructure-as-a-Service (IaaS) software for local data centers and cloud service providers, enabling them to manage and scale cloud infrastructure.
Cloud ComputingData & InfrastructureEnterprise SoftwareSaaSTallinn, EE
Co-investorsInsta Ventures
Wisboo is a platform for creators to build, sell, and manage digital products such as online courses, live events, memberships, and downloadables through a customizable branded storefront with checkout.
Creator EconomyEdTechSaaS
Co-investorsStage 2 CapitalStartersHub
A learning platform used for employee onboarding, personalized training, sales training, and certifications.
EdTechEnterprise SoftwareFuture of WorkSaaSSales Tech
Portfolio news
latest coverage across their companiesGenus AI · tipranks.com · Jul 14, 2026
Monese · finsmes.com · Apr 23, 2026
Frequently asked questions
- How many investments has Spring Capital made?
- Spring Capital has 39 tracked investments.
- 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, Sector Agnostic.
- Where is Spring Capital located?
- Spring Capital is headquartered in Tallinn, EE.
- Does Spring Capital lead rounds?
- Spring Capital typically participates in rounds rather than leading them.
- Who does Spring Capital co-invest with?
- Spring Capital most often shares deals with Specialist VC, Tera Ventures, BADideas.fund, among 47 tracked co-investors.
Co-investors · 12
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Presto Ventures is a venture capital firm investing in security, defense, and aerospace technologies, including dual-use software and hardware solutions, backing fast-growing tech companies across NATO countries, allies, and Israel.
Long Journey Ventures is an early-stage venture firm that backs unconventional, 'magically weird' founders and ideas, positioning itself as a hands-on, community-oriented partner to its companies.
Plug and Play is an innovation platform that connects corporations, governments, startups, investors, and universities to drive innovation.
Goat Capital is a venture capital firm. Its public homepage lists its founders and a contact email but provides limited additional detail.
RRE Ventures is a boutique early-stage venture capital firm that backs founders across sectors, combining decades of experience with AI-driven analysis throughout the investment lifecycle.
FundersClub is an online venture capital firm and startup investing platform that gives accredited investors access to vetted early-stage startups from Silicon Valley and beyond.
Kapor Capital is an Oakland-based venture fund that invests in seed-stage technology companies in education, health, and consumer finance sectors. The firm focuses on companies that create both economic and social value.
M13 is a venture capital firm that invests in seed and Series A stage software companies.
Antler is an early-stage venture capital firm operating across major technology ecosystems worldwide, backing entrepreneurs from company formation onward and supporting a large global portfolio of startups, including many AI companies.
Led by investors including Larry Marcus, Marcy Venture Partners is a venture capital firm investing in consumer, culture, and positive impact.
Presence Capital is an early-stage investment firm focused on augmented reality (AR) and virtual reality (VR) startups, backing entrepreneurs building new ways to communicate, work, and play with these technologies.
Notation Capital writes the very first check for technical founding teams at the moment of company creation, treating pre-seed as a distinct risk profile and working "in the trenches" with founders on "day 0:00" rather than just writing smaller checks. The firm operates with unusual transparency by publishing its internal operating manual on GitHub and running a podcast that interviews LPs to demystify venture fund underwriting, while also running a free, equity-free program for future founders in underestimated ecosystems beyond Silicon Valley.
Firms observed investing alongside Spring Capital, from public investor directories. Shared companies are the overlap with Spring Capital's recorded portfolio.
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