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The Founder's Handbook
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The Perfect Pitch Deck
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This free sheet contains 100 accelerators and incubators you can apply to today, along with information about the industries they generally invest in.

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100 Accelerators & Incubators
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This free sheet contains 100 VC firms, with information about the countries, cities, stages, and industries they invest in, as well as their contact details.

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100 Top Unicorns

Top 4 Venture Capital Firms in Tallinn (2026)

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CTA

Estonia has a reputation for building successful tech companies, and its capital city is where much of the funding action happens. The city is home to a mix of investors, from active early-stage funds to firms focused on deep tech.

Some firms are especially active, with Startup Wise Guys making over 600 investments and Superangel close to 70. For founders looking for the right partner, knowing who to approach can make all the difference.

Below is our list of the best 4 VC firms in Tallinn.

Failory's Top 4 Picks

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Startup Wise Guys runs one of Europe's most active accelerator programs, providing early-stage investment for B2B startups across the CEE and Nordic regions. Focusing on sectors like B2B SaaS, Fintech, and Cybersecurity, their intensive program guides founders to validate and sell their products, achieving a startup survival rate above 80%.

Year Founded2012
FoundersChristian Testman, Cristobal Alonso, Herty Tammo, Jon Bradford, Mike Reiner
Investment StageEarly Stage, Seed
Nº of Investments636 (147 as Lead Investor)
Nº of Exits14
Contactinfo@startupwiseguys.com

Karma Ventures backs Europe's most promising deep tech startups, specializing in late seed and Series A investments. They support companies that have unique technology and customer traction, helping founders navigate the path to commercial, strategic, and technical growth.

Year Founded2016
FoundersKristjan Laanemaa, Margus Uudam, Tommi Uhari
Total Funding€170M
Average Check Size€5M
IndustriesDeep Tech & Hard Science
Investment StageEarly Stage, Seed, Series A
Nº of Investments45 (27 as Lead Investor)
Nº of Exits5
Top Portfolio StartupsRealeyes, Xolo, Minut

Run by entrepreneurs for entrepreneurs, Superangel invests in early-stage technology builders across the Baltics and Nordics. As early backers of global successes like Bolt and Pipedrive, they operate with a unique model where founders they once supported now invest back into the fund.

Year Founded2018
FoundersMarek Kiisa, Rain Rannu, Veljo Otsason
Investment StageEarly Stage, Seed
Nº of Investments69 (26 as Lead Investor)
Nº of Exits3
Raison Logo

4. Raison

Raison runs an investment platform giving everyday investors a chance to own a piece of top late-stage companies like SpaceX and Klarna. They aim to open up the private equity market, an arena traditionally dominated by large institutional funds.

Year Founded2017
FoundersAlexander Zaytsev, Andrey Berezin, Andrey Kononykhin
Investment StageLate Stage
Nº of Investments10
Nº of Exits2 (2 IPO'd)
Contactinfo@raison.app / +372 660 0288

Description

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