Where can you get funding?
EstFund
EstFund is a fund-of-funds established in cooperation with the European Investment Fund (EIF), EIS and the Estonian Ministry of Economic Affairs and Communications. The fund supports investments in innovative and high-growth companies through selected investment funds.
EstFund includes the following funds:
- Tera Ventures Fund II – focuses on venture capital investments in innovative early-stage companies.
- Equity United PE I – provides growth capital to companies with strong expansion potential aiming to broaden their product portfolio or enter new markets.
- United Angels Co-Investment Fund I – actively co-invests in early-stage Estonian companies alongside private investors.
Riskikapitalifondid
Superangel
Invests in technology startups. Investment amounts range from €50,000 to €200,000 initially, with total investments of up to €1.5 million per company.
Karma Ventures
Invests in technology startups, offering up to €3 million per company, with additional follow-on investments possible.
BaltCap
BaltCap Growth Fund invests €0.5–3 million in SMEs launching new products and services, expanding through acquisitions, or aiming to become regional market leaders.
BaltCap Private Equity Fund invests €5–15 million, primarily through majority buyouts.
BPM Capital
Provides mezzanine financing for business expansion, buyouts, and capital restructuring. Investment size ranges from €2 million to €10.5 million per company.
Livonia Partners
Invests primarily in industrial and service companies through majority buyouts. Investment size ranges from €3 million to €15 million per company.
PRIA provides grants and support programs in agriculture, forestry, fisheries, rural development, and related business sectors.
Maaelu Edendamise Sihtasutus supports entrepreneurship in rural Estonia by improving access to financing and strengthening the competitiveness of rural businesses.
Keskkonnainvesteeringute Keskus is the central funding organization for environmental projects in Estonia, helping secure cooperation and financing opportunities both nationally and internationally.
Töötukassa supports business start-ups, the creation of regional jobs, recruitment of trainees, and the employment of people with disabilities.
