Our 40+ members and partners are highly influential across the industry. Want to join?

Members

Our membership comprises of the most influental firms and decision makers across the industry, including Private Equity & Venture Capital houses (General Partners) and institutional investors (Limited Partners). 
Private Equity

BaltCap

Private Equity
Status: Looking for new investment opportunities Investment Range: 5-15m EUR Contact: www.baltcap.com
BaltCap is the leading dedicated private equity and venture capital investor, focusing on small and midmarket buyout and expansion capital investments in the Baltic States. BaltCap is an active investor with clear strategy and governance standards. We have strong presence in all three Baltic countries with local offices and experienced team of 16 professionals. Since 1995, BaltCap has been managing 5 different fund generations with total capital of over EUR 240 million and has made more than 60 investments.
Mezzanine

BPM Capital

Mezzanine
Status: Looking for new investment opportunities Investment Range: 2-10.5m EUR Contact: www.bpmcapital.eu
Operating out of two offices in Tallinn, Estonia and Warsaw, Poland, BPM maintains strong presence in the target markets. BPM is an independent investment company with no ties to any financial institutions. It is managed by a team of four partners with extensive experience in mezzanine investing and an established contact network in the target region. BPM has capital commitments of EUR 70 million, supported by a prominent investor base, which includes among others, the European Investment Fund and the European Bank for Reconstruction and Development.
Real Estate

Eften Capital

Real Estate
Contact: www.eften.ee
EfTEN Capital AS is an asset management company, founded in 2008, specializing in real estate investments in the Baltic States. The company is managing EfTEN Kinnisvarafond AS and Balti Kinnisvaraportfell AS. The company also offers private commercial real estate portfolio management services.
Limited Partner

European Investment Fund

Limited Partner
Contact: http://www.eif.com

We are a specialist provider of risk finance to benefit small and medium-sized enterprises (SME) across Europe. We are part of the EIB Group; our shareholders are the European Investment Bank (EIB), the European Commission and a wide range of public and private banks and financial institutions.

We carry out our activities using either our own resources or those provided by the European Investment Bank, the European Commission, by EU Member States or other third parties. By developing and offering targeted financial products to our intermediaries, such as banks, guarantee and leasing companies, micro-credit providers and private equity funds, we enhance SMEs access to finance.

Private Equity

Invesco Finance

Private Equity
Status: Looking for new investmens opportunities Contact: http://invesco.finance/

Invesco Finance is an investment company, always on the lookout for new opportunities. Ivesco  Finance provides experience based insight into world of business for startups and wings for companies looking to expand their business globally. 

Private Equity & Venture Capital

Karma Ventures

Private Equity & Venture Capital
Investment Range: Initially investing up to 3M EUR per opportunity and making follow-on investments in later rounds. Contact: http://www.karma.vc/
Karma Ventures (karma.vc) is an early-stage venture capital firm, specialised in late seed and A round investments in Europe’s most promising tech startups. We back companies with strong ideas delivered with unique technology, customer traction and global ambition. karma.vc accompanies entrepreneurs in figuring out the path to growth in all aspects - commercial, strategic and technical. We believe in open and honest dialogue and the active hands-on-attitude.
Limited Partner

KredEx

Limited Partner
Contact: www.kredex.ee
KredEx is a financing institution helping Estonian enterprises develop quicker and expand more safely to foreign markets, offering loans, venture capital, credit insurance and guarantees with state guarantee.
Limited Partner

LHV Varahaldus

Limited Partner
Contact: http://www.lhv.ee
Private Equity

Livonia Partners

Private Equity
Status: Actively investing Investment Range: €3-15m Contact: http://www.livoniapartners.com
Livonia Partners is an investment team based in the Baltics. We currently manage Livonia Partners Fund I, which is investing €70 million of equity capital into companies in Latvia, Lithuania and Estonia. The fund’s investors are domestic and international institutional investors such as pension funds, insurance companies, and development finance institutions. We identify investment opportunities with the most potential, and provide the relevant resources and operational hands-on expertise to realise growth. We value transparency and trust as we work to nurture the growth of our portfolio companies. Our team is attentive, approachable, and diverse in experience.
Venture Capital

SmartCap

Venture Capital
Contact: www.smartcap.ee
Limited Partner

Swedbank Investment Funds

Limited Partner
Contact: www.swedbank.ee
Swedbank Investeerimisfondid AS is an investment management company that stands out as the oldest and largest in the Baltic states. We offer investment management expertise and products to private individuals, financial intermediaries and institutions both in the Baltics and around the world.
Venture Capital

Tera Ventures

Venture Capital
Contact: tera.vc
Private Equity

United Partners

Private Equity
Contact: www.unitedpartners.ee

United Partners Group is an investment company, active since 2003, offering to its corporate clients financial advisory, investment and asset management services.

Family Office

Up Invest

Family Office
Status: Focusing on investments in Health care, Media, Consumer brands, Real Estate and Cleantech Venture Capital Contact: http://upi.ee/
Up Invest is a privately owned investment company focusing on health care, media, retail, real estate and cleantech investments in all three Baltic countries and in Finland. Our current portfolio includes more than 15 investments with consolidated sales in 2017 of close to EUR 500 million. Portfolio companies range from mature market leaders (for example medical wholesaler/retailer Magnum, media group Eesti Meedia) to early stage growth capital (for example Skeleton Technologies). We invest our own equity and we do not have a fixed holding period.

Associate members

Law Firm

COBALT

Law Firm
Contact: www.cobalt.legal
COBALT is a closely integrated alliance of top-tier law offices across the Baltics and Belarus. Total team of 145 professionals, of whom 110 are lawyers. We are consistently ranked in the top tier by the most prestigious legal directories: Chambers Global, Chambers Europe, Legal500 and IFLR 1000
Consultant

Deloitte

Consultant
Contact: Deloitte Estonia

Deloitte in Estonia is one of the leading professional services organizations in the country providing services in auditing, financial advisory, consulting, tax and enterprise risk services through over 40 national and specialized expatriate professionals. Our clients are well-known enterprises in banking, insurance, production, infrastructure, energy, real estate, service, wholesale and retail sector as well as public sector.

 


Law Firm

DERLING

Law Firm
Contact: http://www.derling.ee

We are pleased to announce that our team will continue operations under the new business name – DERLING. We are the team thanks to whose efforts Tark Grunte Sutkiene grew into one of the leading law firms in Estonia during the last decade. From May 25, we are welcoming our guests in the new and modern office at Nordea House (13th floor), Liivalaia 45, Tallinn.

In DERLING, a number of lawyers with 20 years of experience assist clients in business transactions and dispute resolution. The core of the DERLING team is constituted by the internationally recognised lawyers: Hannes Vallikivi, Erki Kergandberg, Toomas Taube, Margo Lemetti, Piret Blankin, Rolan Jankelevitsh, Elmer Muna and Andres Siigur. There are altogether 18 lawyers in the firm’s Estonian team. Together with our partner firms we continue providing services in Latvia and Lithuania.


Law Firm

Ellex Raidla

Law Firm
Contact: www.rln.ee
Ellex Raidla is a leading pan-Baltic provider of legal services.  The firm's „one-stop concept“ involves coordinated assignment handling  to local, regional and international legal entities, including multinational enterprises, international banks and financial institutions. Banking & Finance, Capital Markets and M&A & Corporate Advisory teams at Ellex Raidla have specialized in complex cross-border financing transactions. The teams have advised financial transactions in connection with a wide variety of domestic and cross-border M&A transactions, private equity capital investments, as well as joint-ventures, private equity and management buy-outs and restructuring processes.
Law Firm

Eversheds Ots & Co

Law Firm
Contact: http://www.eversheds.com
Eversheds Ots & Co is one of the leading law firms in Estonia. We provide legal assistance across many business areas of law such as resolving corporate law disputes, matters related to competition law, securities law, mergers and acquisitions, advising real property transactions and handling labour law issues.

In addition to providing access to top quality legal assistance in 28 countries of Europe, the Middle East, Africa and Asia, we are capable of carrying through extensive international projects, and take benefit of the international support and expertise available only to Eversheds.

We offer innovative and creative solutions tailored specifically to your organisation. We combine local and efficient activities with market related knowledge and skills from around the world, and therefore we are an appropriate legal partner to any ambitious entrepreneur.
Consulting Firm

EY

Consulting Firm
Contact: www.ey.com/ee
EY is a global leader in assurance, tax, transaction and advisory services. More than 120 professionals equipped with deep industry knowledge in various market sectors are employed at its Estonian office. The transaction advisory team of EY, comprised of close to 30 professionals, is the largest of its kind in the Baltics with significant and recent financial advisory experience in major Baltic deals. The team has helped companies and industry groups across the Baltics with valuations and business modelling exercises, debt and equity capital raisings, due diligence processes, M&A advisory projects and other strategic issues related to raising, investing, optimizing and preserving capital.
Law Firm

FORT

Law Firm
Contact: www.fortlegal.com

FORT is the first pan-Baltic new generation law office that provides advice in all business law issues.

Offices are located in Tallinn, Riga and Vilnius.

Law Firm

GLIMSTEDT

Law Firm
Contact: www.glimstedt.ee
GLIMSTEDT is a full-service law firm that assists its clients in handling any and all business issues. GLIMSTEDT in Estonia is famous for our outstanding quality of service in many areas of business law, including M&A, Taxation, IP/IT, Public Procurement, Litigation, Energy and Environment.
Law Firm

Hedman Partners

Law Firm
Contact: www.hedman.ee
Hedman Partners is one of the leading law firms in advising founders and investors in the technology startup ecosystem. We have provided several prominent startups with legal assistance when raising funds from private investors and venture capitalists and have been acting as legal advisors to a number of investors.  Active cooperation with B2B tech accelerator program Startup Wise Guys, transcontinental network Silicon Vikings and the Estonian Business Angels Network gives Hedman Partners a thorough understanding of the needs of  emerging companies and of their relations with investors. The law firm also has a strong focus on M&A transactions, labour law issues and corporate law in general.
Our work methods are based on the following principles: accessibility, a business oriented approach to work, responsibility, trustworthiness and, above all, high-quality and innovative legal expertise. These principles apply without exception to all our assignments, large and small. By abiding by these principles, we aim to develop each client relationship into a successful partnership
KAYES CONSULT
Consulting Firm

KAYES CONSULT

Consulting Firm
Contact: www.kayescapital.com
Kayes Capital focuses on private equity and venture capital fund investments and provides advisory services. Kayes Capital is part of IEG Group of enterprises.
Corporate Finance Advisory

Keystone Advisers

Corporate Finance Advisory
Contact: www.keystoneadvisers.com
We offer corporate finance advisory to the private equity sector and medium-sized companies, focusing on assisting clients with acquisitions, mergers and divestitures as well as structured finance arrangements. Our projects usually involve clients or contacts across Europe and, occasionally, North America.
Law Firm

LEADELL Pilv Advokaadibüroo

Law Firm
Contact: www.leadell.ee
LEADELL Pilv Law Office is among the leading business law firms in Estonia. Our comprehensive and highly recognised experience dates back to 1993. As the full service law firm we have dedicated resources to support clients in all areas incl M&A, Banking and Finance, Investment Project Management, Tax and Customs, IT & IP, Dispute Resolution, Arbitration, etc. We are among opportunistic law firms and keeping wary eye on latest trends and developments. Our hands-on prominent specialists have advised the clients for years on various transactions and finance projects locally and internationally such as deal and loan finance, cross-border finance, private equity investment projects, option and management buy-outs, restructurings etc. Through effective Pan-Baltic cooperation with other LEADELL law offices - Vitols & Paipa in Latvia, and Balčiūnas & Grajauskas in Lithuania - we securely lead our clients from problems to trustworthy solutions.
Stock Exchange

NASDAQ OMX Tallinn

Stock Exchange
Contact: www.nasdaqomxbaltic.com
NASDAQ OMX Tallinn is the only regulated secondary securities market in Estonia. Exchange brings together investors, listed companies wishing to gain access to a host of capital resources and exchange's members, mediating securities transactions of the investors via common electronic trading system.
Law Firm

Advokaadibüroo NJORD OÜ

Law Firm
Status: WE HAVE MOVED! From 10 December 2015 you find our office in Baltika Quarter, Norra Maja, at Veerenni 24-D, Tallinn. Our telephone numbers and e-mail addresses remain the same. Contact: http://njordlaw.com/
We are a law firm with a Nordic profile and a global mindset. Our primary market covers the Nordic/Baltic region and Northern Europe, in particular Germany. NJORD has 200 employees at five offices – in Aarhus, Copenhagen, Riga, Tallinn and Vilnius.
Banking

Nordea

Banking
Contact: www.nordea.ee

Nordea is the largest bank operating in the Baltic region, recognised by the international finance journal Global Finance as one of the TOP 50 safest banks in the world. We can also take pride in our high credit rating AA-.

Nordea works in three areas: retail banking, corporate and institutional banking, and asset management and life insurance. In the Nordic countries, the group has 11 million customers and 650 branch offices.

Nordea’s shares are listed on the Stockholm, Helsinki and Copenhagen stock exchanges.
The Estonian branch of Nordea, established in 1999, provides full range of banking services incl. project financing, financing MBOs, LBOs and arranging syndicated loans.



Corporate Finance Advisory

Nordic CF Advisory

Corporate Finance Advisory
Contact: www.nordicadvisory.com
Nordic CF Advisory is energetic and independent Estonian investment banking company providing competitive financial advisory services with individual approach and solutions. We are focused on M&A advisory, business valuations and capital raising projects regarding small- and midsize companies in Estonia.
Law Firm

Primus

Law Firm
Contact: http://www.primus.legal/
Primus is a leading full-service business law firm with offices in Tallinn, Estonia, Riga, Latvia and Vilnius, Lithuania.
Law Firm

RASK

Law Firm
Contact: www.rask.ee
RASK is a full-service business law firm that combines the finest features of traditional legal counselling and modern practice of the corporate world. Our team embraces the wisdom of three generations of lawyers (including the long term minister of justice and former chief justice of Estonia) and is driven by youthful ambition to set new higher standards on substance and way legal service is provided.
Corporate Finance Advisory

Sentio

Corporate Finance Advisory
Contact: www.sentio.ee
Sentio is an independent Estonian corporate finance firm with Pan-Baltic, Scandinavian and other international network contacts. The Company was founded in 2003 with an objective to provide fast, flexible and professional corporate finance services. The Sentio partners have over 10 years of private equity investment, corporate finance and consulting experience with medium sized companies, which provide us outstanding contacts with business and finance leaders in Estonia and in neighboring markets. The company is also well-connected with different Nordic and Baltic private equity funds.
Law Firm

SORAINEN

Law Firm
Contact: www.sorainen.ee
SORAINEN is the largest full-service business and tax law firm with offices in Estonia, Latvia, Lithuania and Belarus. SORAINEN is the only fully integrated regional law firm with more than 150 professionals working under one know-how and ISO-certified quality management system.
 
SORAINEN is the most internationally awarded law firm in the Baltics and Belarus. It has been repeatedly awarded by Chambers Europe, The Lawyer, The Financial Times & Mergermarket, International Financial Law Review, PLC Which lawyer? and International Tax Review. Additionally, the Belarus Ministry of Justice has awarded SORAINEN the title of “Best Provider of Legal Services in Belarus”. Furthermore, the firm has received the Swedish Business Award for corporate social responsibility and an award as the most employee- and family-friendly company in Estonia.
Science Park

Tallinn Science Park Tehnopol

Science Park
Contact: www.tehnopol.ee
Tallinn Science Park Tehnopol is a science and business environment for knowledge based companies. Today there are more than 180 companies, Tallinn University of Technology and IT College in Tehnopol. Tehnopol provides a unique set of value adding business development services, convenient infrastructure and international cooperation opportunities for companies. Our Startup Incubator helps to boost new and innovative business ideas.
Science Park

Tartu Biotechnology Park

Science Park
Contact: www.biopark.ee
Tartu Biotechnology Park (TBP) provides physical infrastructure as well as business development and consultancy services to companies and R&D institutions in the fields of biotechnology, medicine and veterinary medicine. It supports companies in finding cooperation partners and is active in the establishment process of new companies. The aim of TBP is to create a favorable and developing environment for the promotion of biotechnological entrepreneurship in Estonia.
Science Park

Tartu Science Park

Science Park
Contact: http://www.teaduspark.ee/en
Tartu Science Park is the oldest science park in the Baltics. For almost 20 years, we have supported business innovation activities in the region by networking with universities, public and private sector. To foreign companies, we offer our help in extending business to Estonia where the economic environment is characterized by qualified workforce, favourable tax system and liberal markets.
Law Firm

VARUL

Law Firm
Contact: www.tgsbaltic.com
TGS Baltic is a leading full-service business law firm in Estonia, Latvia and Lithuania employing 140+ lawyers across the Baltics.
Law Firm

TRINITI

Law Firm
Contact: www.triniti.ee
TRINITI is a pan-Baltic commercial law firm with cross-border practice groups and a combined team of 50 people serving domestic and international business clients in Estonia, Latvia and Lithuania. TRINITI offices in Tallinn, Riga and Vilnius have the resources and legal expertise to serve clients across all core commercial activities specialising in M&A, real estate & construction, shipping ja aviation, energy, media law, IT and IP law, dispute resolution, public procurement and large infrastructure projects.

Collaboration Partners & Friends

FinanceEstonia

FinanceEstonia is a public-private financial sector cluster organisation with the aim of supporting Estonian economy by increasing member companies business opportunities through enhancing financial sector internationalisation, supporting innovation and increasing capital availability.  FinanceEstonia works with members and stakeholders to ensure an attractive and competitive environment, especially for human and financial capital.

Teenusmajanduse Koda

Estonian Service Industry Association is a voluntary professional membership organisation representing more than 130 service industry companies. ESIA purpose is to drive and support the development of information, creative and professional services sector, emphaisze the importance of highly competitive higher education system and improve the local business environment to attract foreign capital.

Ministry of Economic Affairs & Communications

Contact: www.mkm.ee

EBRD

Contact: www.ebrd.com
Since our establishment in 1991 we have become the largest financial investor in our region of operations which stretches from central Europe to central Asia and the southern and eastern Mediterranean. With the ability and willingness to bear risk on behalf of our clients, we help their countries in the region to become open, market economies. We are owned by 64 countries, the European Union and the European Investment Bank.

Invest Europe

Invest Europe – formerly the EVCA - is the association representing Europe’s private equity, venture capital and infrastructure sectors, as well as their investors.

Our members take a long-term approach to investing in privately held companies, from start-ups to established firms. They inject not only capital but dynamism, innovation and expertise. This commitment helps deliver strong and sustainable growth, resulting in healthy returns for Europe’s leading pension funds and insurers, to the benefit of the millions of European citizens who depend on them.

Invest Europe aims to make a constructive contribution to policy affecting private capital investment in Europe. We provide information to the public on our members’ role in the economy. Our research provides the most authoritative source of data on trends and developments in our industry.

Invest Europe is the guardian of the industry’s professional standards, demanding accountability, good governance and transparency from our members.

Invest Europe is a non-profit organisation with 25 employees in Brussels, Belgium.



Ministry of Finance of the Republic of Estonia

Contact: www.fin.ee
The Ministry of Finance is the government’s expert in the implementation of tax, financial and fiscal policies, and setting economic goals.

Estonian Chamber of Commerce & Industry

Contact: www.koda.ee

Latvian Private Equity & Venture Capital Association

Contact: www.lvca.lv

Lithuanian Private Equity & Venture Capital Association

Contact: www.vca.lt
Business Angels

Estonian Business Angels Network ESTBAN

Business Angels
Contact: www.estban.ee

Estonian Business Angels Network, established in late 2012, is an umbrella organization for business angels and business angel groups seeking investment opportunities in Estonia and its neighbouring regions with an aim to grow the quantity and quality of local seed stage investments.


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Photo: Martin Voltri