Led · Seed · Apr 2021

Waybiller is an Estonia-based logistics startup that provides e-waybill software to replace paper waybills with digital documents. Founded in 2019 by a team with strong logistics industry experience, the product was developed with specialists from large Estonian road construction companies and agricultural firms and is supported by the Road Administration of Estonia. The platform automates workflows among shippers, carriers and receivers, integrates with harbours and quarry operations, and offers automations for freight shippers and warehouse processes. Waybiller says its solution can lower handling costs by up to four times and helps replace manual labour with software to reduce administration costs. Its clients include TREV-2, Nordecon, KEVILI and nearly 4,000 other companies across Estonia, Latvia, Finland and Norway. Financially, Waybiller raised €500K in the announced funding round and previously received a €326K Green ICT grant in 2020.

Led · Equity · Feb 2021

U24 Solutions builds VR multiplayer game solutions and tools and is developing the upcoming VR game Cradle of Sins. The startup aims to broaden VR appeal to larger audiences and users who don’t yet own headsets, in a market the article says is expected to reach 5 million. U24 has partnered with esports and gaming media company Wehype to promote Cradle of Sins and ran a closed event where streamers including Steve Aoki, Headhunterz and xQc tried an early version. The team emphasizes agile development, testing every update with hundreds of players, and says its tools can be up to 3x faster at launching new VR environments. The company was founded in 2017 and positions its brand around high-quality, “unreal” VR experiences. Financially, after a prior €350K bridge round U24 has secured close to €1 million in total funding to continue developing its multiplayer solutions and the upcoming game.

Participated · Equity · Feb 2021

Hepta Airborne offers end-to-end power-line inspection and analysis, combining multisensor data capture (drones, helicopters, satellites) with its uBird software that automatically detects defects. The company says uBird converts more than 250 km of power-line data into actionable results in five minutes, a task that can take a single engineer 30 days manually. Hepta reports accuracy improvements of more than 33% over conventional methods and, in some cases, up to 400% increased fault detection. Their drones are designed for strong-wind operation (20 m/s and above) and can fly up to three hours with necessary payloads. Hepta was created in 2017 and is based in Tallinn. The company has long-term plans to build digital twins across infrastructures by adding humidity, soil, and weather data to simulate real-life conditions and predict future scenarios.

Participated · Equity · Oct 2020

Eziil is a production management software platform that digitizes and automates work processes for project-based manufacturers. Its SaaS platform automates sales, inventory management, and planning of work orders while visualizing a real-time production overview. The company uses a phased approach to software deployment and emphasizes high integration capacity with existing ERP and MRP systems. Founded in 2016 in Estonia, Eziil serves regional manufacturers including Cleveron, Sunorek, and Interchemie. With €1.2M in recent funding from private investors and Enterprise Estonia, the company plans to increase platform configuration flexibility and expand to the UK market. Eziil aims to simplify planning for project-based manufacturing and make real-time production overview an industry standard.

Participated · Equity · Sep 2020

Founded in 2018, Remato offers a mobile-first construction management platform designed for frontline contractors to plan and manage budgets, labor, materials and equipment in a single app. The company emphasizes simplicity and modern user experience to drive adoption in a traditionally low-tech industry. Remato reports steady growth of 10%–15% month-over-month and has 1,700 daily active users. It currently serves customers in the Nordics and Baltics. The team highlights ambitions to expand into the U.K., the rest of Europe and North America. To date the company has raised $2.5 million in total funding. Remato builds a web platform and mobile apps to help small and medium‑size construction companies manage workforce, equipment, tasks and budgets. The company targets a highly under‑digitized construction sector that the article describes as a $10 trillion industry investing only 1.5% of revenue in technology. Remato positions itself as an alternative to Procore for SMBs, likened to how Pipedrive built a Salesforce alternative for smaller sales teams. CEO and co‑founder Madis Lehtmets says the goal is to digitize parts of construction that have been largely ignored and to support companies that build and maintain the physical world. Remato plans to use new capital to accelerate product development, expand sales and marketing headcount, and build out international marketing and sales strategy. The company has gained traction with clients and industry backers who see demand across markets.