Taavet+Sten
Peetri 11, Tallinn, Harjumaa, 10415, Estonia
Overview
Taavet+Sten is a venture capital fund that primarily invests in early-stage European founders. Taavet+Sten is a partnership of founders backing founders with their own personal capital and analytical diligence.
- Total investments
- 19
- Lead investments
- 8
- Investments · 12mo
- 2
- Active investors
- 1
Sector focus
- Asset Management
- Business Development
- Financial Services
Investment portfolio
- Starship Technologies
Participated · Series C · Oct 2025
Founded in 2014 by Skype co-founders Ahti Heinla and Janus Friis, Starship Technologies has created the world’s largest autonomous delivery network, with more than 2,700 Level-4-autonomous robots operating across 270+ locations in seven countries. The robots have completed over 9 million deliveries, covering more than 12 million miles and preventing an estimated 650 tonnes of CO₂ emissions versus traditional delivery methods. Starship’s core product is an AI-powered, sidewalk-level delivery robot that integrates with platforms such as Grubhub, Bolt, Wolt and Foodora, enabling sub-30-minute, low-cost last-mile service. The company claims positive gross margins today, driven by the cost efficiency of autonomous delivery compared to human couriers. Looking ahead, management plans to scale the fleet from 2,700+ robots to more than 12,000 by 2027 and expand from U.S. university campuses and 30+ European cities into major American urban markets. Its unmatched dataset—generated by robots making two autonomous road crossings per second—continually refines safety, routing and reliability, reinforcing a competitive moat. To date, Starship has raised over $280 million to cement its leadership in delivery robotics.
- Verda (DataCrunch)
Led · Series A · Sep 2025
Verda (formerly DataCrunch) builds vertically integrated AI cloud infrastructure that manages physical servers, data centres, and application-layer tools to provide on-demand, high-performance compute. Founded in 2020 and based in Helsinki, the company's Finnish data centres run on 100% renewable energy and leverage Nordic cooling and power advantages. Verda operates a dedicated AI Lab that works directly with customers to inform product decisions and is a NVIDIA Preferred Partner. The company reports being cash-flow positive and said its revenue run rate more than doubled to over $60 million in Q1 2026. It serves enterprise customers including Nokia, 1X, ExpressVPN, and Freepik. Verda plans to use new funding to accelerate product development, hire 100+ staff, and expand into the UK and US.
- Lightyear
Participated · Series B · Jul 2025
Lightyear is a European investment platform that has expanded rapidly across the continent, now active in 25 markets and available in 10 languages. The product suite includes business accounts (launched in 18 countries), more than 6,000 tradable instruments, fractional European shares, and local tax wrapper products. The company recently introduced three AI-powered market intelligence tools—Why Did It Move, Bulls Say/Bears Say, and Lightning Updates—and plans to broaden its AI capabilities toward comprehensive wealth management tools for retail investors. Lightyear reported reaching $1 billion in customer assets, a milestone tied to recent growth across the UK and Europe. The team emphasizes removing barriers to investing in Europe’s fragmented regulatory and tax landscape and aims to increase retail participation across the region. Expansion into new markets, including Denmark, Sweden, and Bulgaria, is a stated near-term priority. Lightyear is a mobile-first stock-trading app that enables retail investors to buy, manage and track portfolios of major global companies. Founded in London in 2020 and launched from stealth in 2021, the company expanded into mainland Europe last summer. Its core product includes mobile trading, portfolio management and performance tracking; the newly launched web app brings big-screen access and most core features. The initial web release includes a chart-drag view for custom time frames but omits some mobile features—such as the personalized events calendar, analyst price targets and fund highlights—which the company says will be added over time. Lightyear plans additional web-only features in the long run. Financially, the company has secured about $35 million from institutional and angel backers including Lightspeed Venture Partners, Virgin Group and Taavet Hinrikus. Lightyear is a London-based fintech that offers commission-free trading on U.S. and European stocks and exchange-traded funds (ETFs). The company charges no account fees or per-trade commissions and relies on foreign-exchange fees, charging 0.35% on conversions above £3,000 ($3,500) per month. After users convert, they hold funds in a local-currency account and can trade without additional per-trade fees. Lightyear was built by early Wise employees Martin Sokk and Mihkel Aamer, and Wise co-founder Taavet Hinrikus is also an investor. The startup launched out of stealth in the U.K. last year and is now expanding into 19 new European markets. The company has raised $25 million to power that expansion and to scale operations amid a competitive field that includes incumbents like Freetrade and potential rivals such as Robinhood. Lightyear is a London- and Tallinn-based fintech founded by ex-Wise duo Martin Sokk and Mihkel Aamer. The company combines multi-currency accounts with access to global markets and has launched an MVP that provides access to more than 1,000 global stocks. Lightyear says it will onboard customers from its waiting list as it expands. The additional funding will be used to expand operations and support development and launch efforts. The company is targeting a pan-European launch in H1 2022. Earlier this summer Lightyear raised a $1.5M pre-seed from a cohort led by Taavet Hinrikus, Sten Tamkivi and Jaan Tallinn. Lightyear is building a mobile stock trading app focused on truly commission-free trading and lower FX fees. The app will offer 1,500 stocks and ETFs from multiple markets at launch and charges no account, trading, or FX fees up to £3,000 per month, after which a 0.35% FX fee applies. Lightyear has opened a waitlist and plans to roll out the product during the third quarter. The company was founded by ex‑Wise employees Martin Sokk (CEO) and Mihkel Aamer (CTO), who held senior roles at Wise. Lightyear has raised a $1.5M pre-seed round with participation from a new fund formed by Taavet Hinrikus and Sten Tamkivi, Jaan Tallinn via Metaplanet, and several business angels. The startup will compete with well-funded challengers like Trade Republic and established UK players such as Freetrade (which has 600,000 users).
- Soldera
Participated · Equity · Mar 2025
Soldera has built what it calls the “Stripe for Renewable Energy,” integrating more than 30 national energy-attribute-certificate registries into a single programmable interface. Its AI-driven system automates the full lifecycle of Guarantees of Origin, cutting corporate compliance costs by 25–40 % and reducing producers’ administrative overhead by up to 95 %. The platform is already connected to some 4,000 power plants and serves over 500 corporate customers, including several Fortune 500 firms. Soldera experienced 70× revenue growth in 2025, scaling from €150 k to €1 m while maintaining roughly 30 % month-on-month sales expansion. Revenues for producers rise 10–15 % through its direct spot-sale and forward-hedging tools. The company’s roadmap includes scaling its corporate-facing solution, extending its virtual registry layer globally, and sustaining a highly automated, AI-native operating model with a lean sub-30-person team. Recent financing provides capital to deepen its AI infrastructure and support international expansion.
- Superfluid Finance
Participated · Seed · Feb 2024
Superfluid is an Ethereum money-streaming protocol provider built on blockchain applications. The company provides automated recurring transactions and subscription payment processing services. Its core product is a funds-flow protocol that enables programmable transfers on Ethereum. Superfluid announced it completed a $5.1 million strategic financing. The round was led by Fabric Ventures, with participation from Multicoin Capital, Circle Ventures, Safe Foundation, The LAO, and Taavet+Sten. Superfluid is a blockchain-based platform that enables real-time, perpetual money streams for crypto-native settings and for subscriptions and salaries. The system lets users initiate a perpetual payment with one on-chain transaction, avoiding additional gas or transaction costs for the stream. Unlike state channels, Superfluid does not require locked assets or keeping the full balance of a stream in a wallet; users can top up balances as assets are streamed. The company expects the most-used assets to be stablecoins such as USDC. Multicoin Capital and others see streaming payments as foundational infrastructure to power a new generation of decentralized applications, DeFi projects, and DAOs. Superfluid announced a $9 million seed round led by Multicoin Capital.
Team
Taavet Hinrikus
Founder
LinkedIn