Margus Uudam

Founding Partner at Karma Ventures

Margus Uudam is a Founder and Partner at Karma Ventures, a European venture capital firm investing in deep tech software companies at the seed and Series A stages. He brings extensive experience in venture capital portfolio management from Ambient Sound Investments and Karma Ventures' 1st and 2nd funds, as well as previous leadership roles as CEO of Fontes and Elektrilevi, and earlier responsibility for the state budget, tax, and economic policy at the Ministry of Finance.

As Chairman of EstVCA, Margus has championed stronger Nordic-Baltic collaboration, encouraged cross-border co-investment, and promoted new financial instruments to accelerate the development of Estonia’s venture funding landscape. His work continues to focus on connecting Estonian and Baltic innovation with global capital and building long-term resilience in the European startup ecosystem.