The Venture Codex Logo

The Venture Codex

Enterprise Estonia

Sepise 7, Tallinn, 11415, Estonia

Overview

Promotes business and regional development in Estonia.

Founded

2000

Deals · 12mo

3

Links

WebsiteLinkedInX (Twitter)

Stage focus

Grant
Seed

Geographic focus

Estonia

Sector focus

Finance
Financial Services
Non Profit

Investment portfolio

8rounds
NAMEDATESIZE
Muun Health
Jul 2026Led
$0.80 MGrant
Soldera
Jan 2026Led
$2 MGrant
ÄIO
Dec 2025Led
$1 MGrant
Jälle Technologies
Jul 2025Participated
$2 MSeed
Vok Bikes
Jun 2023Participated
$4 MSeed
eAgronom
Jun 2023Participated
$5 MOther Equity
Antegenes
Aug 2022Participated
$2 MSeed
Eziil
Oct 2020Participated
$1 MOther Equity
Muun Health
Jul 2026Led
$0.80 MGrant
Soldera
Jan 2026Led
$2 MGrant
ÄIO
Dec 2025Led
$1 MGrant
Jälle Technologies
Jul 2025Participated
$2 MSeed
Vok Bikes
Jun 2023Participated
$4 MSeed
eAgronom
Jun 2023Participated
$5 MOther Equity
Antegenes
Aug 2022Participated
$2 MSeed
Eziil
Oct 2020Participated
$1 MOther Equity
8
Items
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Enterprise Estonia: 8 funding rounds are recorded in the selected participation categories.All available history.
Enterprise Estonia: 8 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed03
Other Equity02
Grant30

Monthly Deal Activity

Enterprise Estonia: 8 deals are recorded across 73 months.All available history.
Enterprise Estonia: 8 deals are recorded across 73 months. All available history
MonthDeals
Oct '201
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '221
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '232
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '251
Aug '250
Sep '250
Oct '250
Nov '250
Dec '251
Jan '261
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Enterprise Estonia: Health & Life Sciences is the largest displayed sector by deal count (3 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Enterprise Estonia: Health & Life Sciences is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
Health & Life Sciences3
Clean Energy & Sustainability3
Food & Agriculture2
Fintech1
Manufacturing1
E-Commerce & Retail1
AI & Machine Learning1
Transportation & Logistics1
Consumer & Lifestyle1

Deal Size Distribution

Enterprise Estonia: 8 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Enterprise Estonia: 8 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M7
$5M-$10M1
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Enterprise Estonia: Europe has the largest recorded deal count among the displayed regions (8 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Enterprise Estonia: Europe has the largest recorded deal count among the displayed regions (8 deals). All available history
RegionDeals
Europe8
Enterprise Estonia: 12 co-investors are shown, with SmartCap sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Enterprise Estonia: 12 co-investors are shown, with SmartCap sharing 2 recorded deals. All available history
Co-investorShared deals
SmartCap2
2C Ventures1
Environmental Investment Centre1
European Institute of Innovation and Technology1
ICOS Capital1
Kiilto Ventures1
Lemonade Stand1
Metaplanet1
Soulmates Ventures1
Specialist VC1
Sunly1
Thorgate Ventures1

Investment Strategy

Enterprise Estonia: Led accounts for 38% and participating for 63% of round participation.All available history.
Enterprise Estonia: Led accounts for 38% and participating for 63% of round participation. All available history
CategoryDeals (count)Share (%)
Led338%
Participating563%
Enterprise Estonia: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
Enterprise Estonia: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3100%
Co-led00%

Team

Indrek Põldvee

Mentor and Coach

James S. York

Director of US Business & Innovation

Martin Sutrop

Business Mentor