INVESTOR / DATA TO 30 SEPTEMBER 2026
Change Ventures
3 venture rounds in the first 9 months of 2026, at 3 companies in 2 countries.
Change Ventures is an investor headquartered in Estonia.
The scope is Central and Eastern Europe: every venture round since January 2024 at startups from the ten CEE countries our funding reports cover, in which public sources name Change Ventures as an investor. Rounds we have seen outside CEE are listed separately, under the table. It is built from the same record as our quarterly funding reports, and updated with them.
At a glance
SHOW DATA
| Row | Pre-seed | Seed | Series A | Growth | Total |
|---|---|---|---|---|---|
| 2024 | 1 | 3 | 0 | 0 | 4 |
| 2025 | 1 | 2 | 0 | 1 | 4 |
| 9M 2026 | 0 | 1 | 1 | 1 | 3 |
9M 2026 runs to 30 September 2026.
| Investor | Rounds together |
|---|---|
| FIRSTPICK | 3 |
| Fiedler Capital | 2 |
Investors in two or more of the same rounds.
Countries and sectors
A company counts where it is headquartered, or where it started if it later moved abroad.
SHOW DATA
| Row | 2024 | 2025 | 9M 2026 |
|---|---|---|---|
| AI | 2 | 3 | 0 |
| Enterprise software | 1 | 2 | 2 |
| Hardware and robotics | 2 | 1 | 0 |
| Energy and climate | 0 | 2 | 0 |
| Health and bio | 1 | 0 | 0 |
| Defence and security | 1 | 0 | 0 |
| Marketing and media | 0 | 1 | 0 |
| Food and agri | 0 | 0 | 1 |
| Real estate | 0 | 0 | 1 |
A company can sit in several sectors, so sector counts overlap. Other: no sector on record.
Every round on record
Newest first. Change Ventures led 3 of them. Each company links to the announcement of the round.
| Company | Country | Month | Stage | Round size | Led | Co-investors |
|---|---|---|---|---|---|---|
| Birdychat | Latvia | May 2026 | Seed | €1.7m | Charlie Songhurst, Tesonet, Markus Villig, Tiny Supercomputer Investment Company, Dig Ventures, FIRSTPICK, Lumo Capital | |
| Giraffe360 | Latvia | Mar 2026 | Growth | €9.1m | Cipio Partners, Hoxton Ventures, LAUNCHub Ventures, Founders Fund | |
| Saltz App | Lithuania | Mar 2026 | Series A | €20m | Lifeline Ventures, Mantas Mikuckas, Inovo.vc, European Bank for Reconstruction and Development, Miki Kuusi | |
| Algori | Lithuania | Dec 2025 | Seed | €3.3m | Flashpoint, Shilling VC, Antpool, Coinvest capital, Tech Transfer Agrifood, FIRSTPICK, Red Bull Ventures | |
| Aerones | Latvia | Jun 2025 | Growth | €56m | S2G Investments, Activate Capital, Lightrock, Blume Equity, MetaPlanet, Carbon Equity, Overlap Holdings | |
| ENGYcell | Latvia | Mar 2025 | Pre-seed | €0.3m | - | |
| Trace.Space | Latvia | Feb 2025 | Seed | €3.6m | Cherry Ventures, Fiedler Capital, Nebular, Outlast Fund | |
| Origin | Latvia | Oct 2024 | Seed | €2.4m | Yes | Silicon Roundabout Ventures |
| Certific | Estonia | Sep 2024 | Seed | €0.7m | Yes | FIRSTPICK, Heartfelt VC, existing investors |
| RivalSense | Latvia | Jun 2024 | Seed | Undisclosed | Yes | Fiedler Capital |
| AM Craft | Latvia | May 2024 | Pre-seed | €0.6m | BADideas.fund |
Exits
Companies Change Ventures backed that were sold or listed, or where a new investor bought out the earlier ones. Each links to its announcement.
No exits on record.
How this list is made
- A round is listed when a company, investor or press announcement, or a startup database, names Change Ventures among its investors. Each listed round links to its announcement where one is on record.
- Amounts are the size of the whole round, not the part Change Ventures invested. Amounts are in euros, converted at about 1.10 US dollars to the euro.
- Stages follow the funding reports: the label the company announced, placed by size where the label clearly does not fit.
- Rounds that were never announced, or that do not name their investors, are not here, so the list is a floor.
The whole market: CEE startup funding report. Next update: January 2027.
Raising pre-seed or seed in CEE
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