INVESTOR / DATA TO 30 SEPTEMBER 2026
Specialist VC
3 venture rounds in the first 9 months of 2026, at 3 companies in 3 countries.
Specialist VC is an investor headquartered in Estonia.
Every venture round since January 2024 in which public sources name Specialist VC as an investor, in every country our funding reports cover, and the rounds we have seen elsewhere. 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 | 3 | 5 | 0 | 0 | 8 |
| 2025 | 1 | 6 | 1 | 1 | 9 |
| 9M 2026 | 0 | 1 | 2 | 0 | 3 |
9M 2026 runs to 30 September 2026.
| Investor | Rounds together |
|---|---|
| EstBAN | 3 |
| Markus Villig | 3 |
| Superangel | 3 |
| Alvar Lumberg | 2 |
| Amalfi | 2 |
| FIRSTPICK | 2 |
| Iron Wolf Capital | 2 |
| Kaspar Tiri | 2 |
| MetaPlanet | 2 |
| NGL | 2 |
| Ott Kaukver | 2 |
| Superhero Capital | 2 |
| Tera Ventures | 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 | 3 | 5 | 1 |
| Enterprise software | 3 | 4 | 1 |
| Hardware and robotics | 1 | 2 | 1 |
| Health and bio | 1 | 1 | 1 |
| Energy and climate | 1 | 2 | 0 |
| Defence and security | 2 | 0 | 1 |
| Marketing and media | 1 | 2 | 0 |
| Fintech | 1 | 1 | 0 |
| Mobility and logistics | 0 | 1 | 0 |
| Other | 1 | 0 | 0 |
A company can sit in several sectors, so sector counts overlap. Other: no sector on record.
Every round on record
Newest first. Specialist VC led 5 of them. Each company links to the announcement of the round.
| Company | Country | Month | Stage | Round size | Led | Co-investors |
|---|---|---|---|---|---|---|
| Nanordica Medical | Estonia | Jun 2026 | Seed | €1.6m | EstBAN, Superangel, 2C Ventures, Amalfi | |
| Copla | Lithuania | Feb 2026 | Series A | €6.0m | Superhero Capital, Iron Wolf Capital, Operator Stack Fund, FIRSTPICK, NGL, Loggerhead Ventures | |
| Agileday | Finland | Jan 2026 | Series A | €6.4m | Newion, Vendep Capital, Business Finland | |
| Leil Storage | Estonia | Nov 2025 | Seed | €1.5m | Karma Ventures | |
| Yaga | Estonia | Oct 2025 | Seed | €4.0m | Yes | Startup Wise Guys, Trind Ventures, H&M Group Ventures |
| Sera | Estonia | Sep 2025 | Seed | €1.5m | Kaspar Tiri, Markus Villig, Maki.vc | |
| Vocal Image | Estonia | Sep 2025 | Seed | €3.3m | Educapital, Generations Fund | |
| Better Medicine | Estonia | Aug 2025 | Seed | €1.0m | Soulmates Ventures | |
| Lightyear | Estonia | Jul 2025 | Growth | €21m | Lightspeed Venture Partners, Ott Kaukver, Markus Villig, Superangel, Kaarel Kotkas, NordicNinja VC, MetaPlanet, Skaala | |
| Vok Bikes | Estonia | Jul 2025 | Series A | €5.1m | SmartCap, SQM, Sunly Startup, MetaPlanet | |
| Flowstep | Estonia | Jun 2025 | Seed | €2.4m | Tera Ventures, Iron Wolf Capital, Angel Invest, Supernode Global, Adesso Ventures, Flowstep, Dnipro VC, Anton Borzov | |
| Banani | Ukraine | May 2025 | Pre-seed | €0.8m | Yes | Inovo.vc |
| Copla | Lithuania | Nov 2024 | Seed | €2.5m | Superhero Capital, FIRSTPICK, NGL | |
| Sera | Estonia | Nov 2024 | Seed | Undisclosed | Yes | Kaspar Tiri, Markus Villig |
| Beholder | Estonia | May 2024 | Pre-seed | €0.6m | EstBAN | |
| GaltTec | Estonia | May 2024 | Pre-seed | €0.1m | Yes | EstBAN |
| Nanordica Medical | Estonia | May 2024 | Seed | €1.8m | Superangel, Amalfi | |
| Supersimple | Estonia | Apr 2024 | Seed | €2.0m | Mart Kelder, Ott Kaukver, Tera Ventures, Tiny Supercomputer Investment Company, Indrek Kasela, Alvar Lumberg | |
| SensusQ | Estonia | Feb 2024 | Seed | Undisclosed | - | |
| Bilanceapp | Estonia | Jan 2024 | Pre-seed | €0.3m | Yes | Thorgate Ventures, Alvar Lumberg |
Exits
How this list is made
- A round is listed when a company, investor or press announcement, or a startup database, names Specialist VC 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 Specialist VC 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.
Countries our record covers: Poland, Estonia, Lithuania, Latvia, Czechia, Slovakia, Romania, Ukraine, Hungary, Bulgaria, Croatia, Slovenia, Serbia, Bosnia and Herzegovina, North Macedonia, Albania, Montenegro, Kosovo, Moldova, Finland (from 2026), Sweden (from 2026), Norway (from 2026), Denmark (from 2026), Iceland (from 2026). Rounds elsewhere are listed when public sources name Specialist VC.
The whole market, country by country: startup funding reports. Next update: January 2027.
Raising pre-seed or seed
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