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Active pre-seed and seed CEE investors in Estonia
15 venture funds and angel networks based in Central and Eastern Europe joined 2 or more pre-seed or seed rounds in Estonian startups between January 2025 and September 2026. They are the ones a founder raising a first round in Estonia is most likely to meet on a cap table.
| Investor | Based in | Type |
|---|---|---|
| BADideas.fund | Latvia | Venture fund |
| 2C Ventures | Estonia | Venture fund |
| AngelONE Capital | Ukraine | Venture fund |
| EstBAN | Estonia | Angel network |
| Expeditions Fund | Poland | Venture fund |
| Iron Wolf Capital | Lithuania | Venture fund |
| Outlast Fund | Latvia | Venture fund |
| Practica Capital | Lithuania | Venture fund |
| Skaala | Estonia | Venture fund |
| SmartCap | Estonia | Venture fund |
| Soulmates Ventures | Czechia | Venture fund |
| Specialist VC | Estonia | Venture fund |
| Superangel | Estonia | Venture fund |
| Tera Ventures | Estonia | Venture fund |
| Trind Ventures | Estonia | Venture fund |
Listed A to Z after the publisher; the list is a group with one bar, not a ranking. A round counts once per investor whether it led or followed.
HOW THIS LIST IS MADE
Rounds come from the record behind our Estonia startup funding report: announced rounds from public sources, updated every quarter. Pre-seed and seed only; an investor is listed when it took part in 2 or more of those rounds in a company based in Estonia. Listed: venture funds and angel networks based in Central and Eastern Europe. Every name links to that investor’s page with each round behind the count.
BADideas.fund is a pre-seed/ seed fund for founders in CEE, run by founders who have built and sold companies. We publish this list and appear on it under the same bar as everyone else.