- Private equity and venture capital knowledge centre
- Fund Establishment
EstVCA members and associate members are the most influential firms and decision-makers across the industry, comprising leading Private Equity & Venture Capital, Mezzanine, Real Estate and Infrastructure funds, Family Offices, and institutional investors as well as various advisors active in the field. We also work very closely with all the key players in the ecosystem, listed in the "Collaboration Partners & Friends" section.
We’re happy to welcome five new family office LP members (The C. Ehrnrooth Family Office) in EstVCA, represented by Miko Mälberg and actively investing in the ecosystem through Topanga OÜ, Serenga OÜ, Autumn Spirit OÜ, Kokkuhoideur OÜ, Hoiur OÜ.
>> Connect with Miko Mälberg on LinkedIn
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.
Established in 2002, the Kaamos Group is an Estonian capital-based company which operates in the area of property development, construction and the timber industry.
Kaamos refers to the polar night – an exotic natural phenomenon which only occurs in the Nordic countries. It is beautiful to see and reminds us how important it is that we live in harmony with nature and act wisely and with commitment. This way of thinking also characterises the work of the Kaamos Group. Every step of the way, we try to follow the principle that the houses we build must be impressive to look at and blend harmoniously into the surrounding environment. Living or working in these buildings should be a real pleasure. To achieve this, we rely on traditions on the one hand, while on the other we always remain open to the most modern and smart solutions. We operate actively in three countries: Estonia, Latvia, Belarus. We are constantly looking for innovative ideas and promising companies in which to invest.
The Kaamos Group employs more than 270 people. The financial position of the group is strong – its total turnover in 2018 was 68 million euros, with a balance sheet total 160 million euros and equity base of 100 million euros.
Perot Jain, LP is a Dallas-based early-stage venture capital firm founded by Ross Perot Jr. and Anurag Jain in 2014. We are committed to partnering with innovative entrepreneurs to build highly disruptive, industry-transforming companies. Our diverse team combines deep operating expertise within the technology sector along with extensive strategic advisory experience.
We are practical investors with patient capital and a strong desire to add value to our portfolio. Our unique ability to leverage our affiliated operating entities differentiates us from our peers and helps drive early customer traction and accelerated growth for our partners. We actively seek investments in information technology, big data analytics, artificial intelligence, machine learning, and other exponential technologies solving problems in the mobility, supply chain, real estate, and healthcare sectors.
Siena Secondary Fund (SSF) provides liquidity for early investors, founders and employees of high-growth startups from the "New Nordics" (Baltic & Nordic) region. They target companies that are usually post series A, have a solid business model and are still in a high growth phase.
SSF investment criteria:
100% secondary deals, no primary investment to the company;
focusing primarly on the Baltics and Finland, but are open to deals from the rest of CEE and Scandinavia;
preferably post series A, but not a must if the company is already in scale-up phase;
proven business model;
exit potential in 3-5 years timeframe;
always aiming for a discount from the fair market value.
Specialist VC is a €50m venture capital fund, focusing on investments into promising tech startups from pre-seed to A-rounds, and also secondary deals in A+ rounds. The funds’ main focuses are on B2B, SaaS, fintech, platforms, software-enabled hardware, and deep tech, but is not limited to those areas. Specialist VC has invested in and built long-term relationships with over 45 brilliant teams building tech companies that are really changing the way the world works. Their LP base consists of some of the brightest players in the region such as founders or early employees of fast-growing tech companies – Veriff, Wise, Bolt, Slack, Pipedrive, F-Secure, Kilo.Health and Vinted.
Tera Ventures is an Estonian venture capital firm investing in early stage born-global digital startups. Our goal is to discover world class founders tackling big problems and support them on the way to become the industry leaders. Estonia is our home market, we also invest in Denmark, Sweden, Finland, Latvia, Lithuania, Poland and Czech Republic. We have offices in Tallinn, Estonia; Los Angeles, California; and Helsinki, Finland.
We are industry agnostic, we do have preferences based on what we have learned from our portfolio companies – eg we like Fintech, automation. We also develop themes – eg we have invested in AI/ML for more than ten years.
We are hands-on and founder-friendly, our goal is also to support portfolio companies across the early rounds with our follow-on investments. Over more than a decade, Tera team has had considerable success in assisting portfolio companies’ entry to the US, the UK and Japan, facilitating collaboration with international corporations, and raising additional capital from top-tier VCs. We are supported by a global advisory network also providing portfolio companies with access to expertise.
United Partners Group is an investment company, active since 2003, offering to its corporate clients financial advisory, investment and asset management services.
Verge HealthTech Fund (“Verge”) is an early-stage venture capital fund focused on investing in impactful health technologies at a global scale. The team at Verge achieves this by searching for transformative technologies that make healthcare accessible, affordable, better in quality and efficiency, and can reach underserved markets in Asia and beyond. To date, the team has invested in 49 healthtech companies across 20 countries, and their investments have positively impacted over 53 million lives.
The key trends that inform Verge’s investment thesis include:
Wellman is an investment company, always on the lookout for new opportunities. Wellman provides experience based insight into world of business for startups and wings for companies looking to expand their business globally.
COBALT is one of the largest full-service business law firms in Estonia that belongs to COBALT alliance covering 3 jurisdictions - Estonia, Latvia and Lithuania – uniting approximately 250 lawyers. Our team is particularly experienced in VC investments and a well-known adviser of high caliber international M&A and PE transactions. We are awarded with the highest ranking for Financial and Corporate work in all Baltic countries by IFLR1000 2023.
For example, COBALT has:
COBALT is awarded with:
COBALT Estonia is the exclusive member for Estonia of Lex Mundi and World Services Group (WSG) – the world’s leading networks of independent law firms. Through close collaboration with Lex Mundi and WSG we are able to offer our clients high quality legal services by more than 21,000 lawyers worldwide.
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.
Strong local knowledge and industry expertise combined with global scale and connectivity, allow us to be an industry leader maintaining the traditions of investment banking across all Baltic States. Prudentia team focuses on local, regional and cross-border transactions. Our commitment to clients combines industry expertise with local market insight.
As a part of Global M&A Partners - one of the world's leading partnerships of independent M&A firms, we have access to over 300 colleagues in 54 offices around the world.
Four offices, one team
We are a leading fully integrated regional business law firm with offices throughout the region, in Estonia, Latvia, Lithuania, and Belarus.
With 32 partners in our regional partnership and more than 200 lawyers and tax specialists, we have the resources to support our clients on all business law and tax issues involving the Baltic States or Belarus.
Founded in 1995, the firm has more than 80,000 cases on its track record, along with over 1000 M&A transactions to date.
We closely partner with businesses – local, regional and international – to fulfill our core purpose: to increase prosperity in the Baltic States and Belarus by helping clients succeed in business.
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.
The Estonian Investment Agency, a part of Enterprise Estonia, is a government agency promoting foreign investments in Estonia and assisting international companies in finding business opportunities in Estonia.
The best way to contact us is to use the unique personalised e-consulting service that will help you get answers to any questions you might have about doing business in Estonia.
We believe that private sector employers are the key to the development of Estonia and the welfare of its people. Realising this responsibility, we have intentionally taken an active role in improving life in Estonia. The Estonian Employers’ Confederation stands for a vital Estonia, being the voice of employers in Estonia and internationally.
Our mission is to contribute to Estonia’s economic growth and improve the standard of living of its people.
To that end, we:
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.
FVCA is the industry body and public policy advocate for the venture capital and private equity investors in Finland. As the voice of the Finnish VC and PE community and the entrepreneurs they fund, it is their role to demonstrate the positive impact of the industry on the Finnish economy and to provide market intelligence, specialist training and more.
Latitude59 is the flagship startup and tech event of the world’s first digital society. Latitude59 is THE place to be for various networking opportunities, in-depth discussions with top international players, several pitching rounds for both startups as well as investors, and an overall chance to get together and reflect on the crazy strenuous months behind us and forge new plans for the future.
sTARTUp Day is the biggest festival in the Baltics, bringing together startups, traditional entrepreneurs, investors, innovators, and students. The aim of the event is to connect startup-minded people and celebrate entrepreneurship in the smart city of Tartu.