Superangel Estonia: The Leading Startup Accelerator in the Baltics

Superangel Estonia is an early-stage venture capital firm and company builder that invests in technology startups.

Founded by Veljo Otsason and Koos in 2018, the Tallinn-based firm focuses on seed and pre-seed rounds of funding, with a ticket size of up to €500,000.

Superangel has invested in a range of startups across the Baltics, Nordics, and worldwide, with a particular focus on artificial intelligence, robotics, mobility, logistics, fintech, and software-as-a-service sectors.

Superangel’s founders have extensive experience in the startup ecosystem, having founded and run successful companies such as Paul-Tech and Fortumo.

The firm’s first fund, a €50m agile fund, was launched in 2021 and has already invested in several startups.

Superangel aims to help startups achieve a billion-dollar valuation and has a strong track record of supporting companies through their Series A rounds.

The firm also partners with SmartCap, a state-owned venture capital fund, to provide carried interest and tokenising services to its portfolio companies.

Superangel is a key player in the Estonian startup ecosystem, with its founders and team members actively involved in supporting and mentoring startups.

In Q3 2023, Superangel invested €3.8 million in Vok Bikes, an Estonian startup that produces electric cargo bikes.

The firm’s commitment to investing in innovative and disruptive technologies has made it a popular choice for early-stage funding among startups in Europe and beyond.

Venture Capital Firms in Estonia

Notable Investments and Success Stories

Superangel is an Estonian-based venture capital firm that focuses on investing in early-stage startups. The firm has made notable investments in a variety of sectors, including mobility and logistics, fintech and SaaS, and deeptech and science-based startups.

Mobility and Logistics Investments

Superangel has invested in several mobility and logistics startups, including Bolt, Starship Technologies, and Vok Bikes. Bolt is a ride-hailing company that operates in several countries, while Starship Technologies is a delivery robot company that operates in several cities around the world. Vok Bikes is an Estonian-based electric bike startup that aims to provide affordable and sustainable transportation solutions.

Fintech and SaaS Investments

Superangel has also invested in several fintech and SaaS startups, including Montonio, Pipedrive, and Wise. Montonio is an Estonian-based fintech startup that provides a lending platform for consumers, while Pipedrive is an intelligent revenue platform that helps businesses manage their sales processes. Wise (formerly TransferWise) is a UK-based fintech startup that provides international money transfer services.

Deeptech and Science-Based Investments

Superangel has invested in several deeptech and science-based startups, including Eyevi Technologies, Grünfin, and Veriff. Eyevi Technologies is an Estonian-based startup that develops intelligent image recognition technology, while Grünfin is an Estonian-based engineering innovation company that focuses on developing hardware solutions for various industries. Veriff is an Estonian-based identity verification startup that provides a secure and scalable solution for businesses.

Superangel’s success in investing in startups in various sectors has helped to drive the success of this region. Superangel has made over 40 investments and launched its second fund worth €50 million in 2022. The firm invests in ten startups per year and has been operating for four years, making it a significant player in the Estonian startup ecosystem.

Superangel’s success can be attributed to its focus on deeptech and science-based startups, which have high potential for generating revenue and intellectual property. The firm has also been successful in investing in startups that focus on automotive, business/productivity software, electronic equipment and instruments, and hardware.

Superangel was founded by Marek Kiisa, Rain Rannu, and Veljo Otsason, who have a wealth of experience in the startup ecosystem. The firm has received support from prominent entrepreneurs and angel investors, including Skype co-founder Jaan Tallinn, former President of Estonia Kersti Kaljulaid, and Playtech Estonia co-founder Marko Oolo.

In summary, Superangel is a confident and knowledgeable venture capital firm that has made notable investments in various sectors. The firm’s focus on deeptech and science-based startups has helped to drive the success of this region, and its success can be attributed to its experienced founders and support from prominent entrepreneurs and angel investors.

Impact and Future Prospects

Superangel has made a significant impact on the Estonian startup ecosystem since its launch in 2018. The company has already invested in several early-stage startups working on science-based, deeptech projects in AI, robotics, mobility, logistics, fintech, and software-as-a-service sectors. Superangel’s new €50m fund, announced in 2023, will continue to support these areas, with a focus on deeptech startups from across the Baltics and Nordics.

One of Superangel’s portfolio companies, Spaceit, is a real-time soil insights platform that has attracted significant attention from investors and the agriculture industry. The platform uses AI and machine learning to provide farmers with accurate and actionable insights into soil health and nutrient management. This technology has the potential to revolutionize the way farmers manage their crops and improve the sustainability of agriculture.

Another notable Superangel portfolio company is Revenue, a UK-based startup that provides a suite of AI-powered tools for sales teams. Revenue’s technology helps sales teams to automate their workflows, prioritize leads, and improve their sales performance. The company has already achieved significant growth and has attracted investment from some of the world’s leading venture capital firms.

Superangel’s network of prominent entrepreneurs and angel investors has also been a significant asset to the Estonian startup ecosystem. Many ex-Pipedrive employees have gone on to start and fund new startups, contributing to the growth of the ecosystem. Superangel’s values of impact and ambition have helped to attract and support founders and technology with the potential to have a global impact.

Looking to the future, Superangel’s new fund will continue to support the growth of science-based, deeptech startups across the Baltics and Nordics. The Greentech/Cleantech and SaaS sectors are expected to have exciting prospects in the coming years, and Superangel is well-positioned to support startups working in these areas. With its focus on impact and ambition, Superangel is poised to make a significant contribution to the growth of the Estonian and Nordic startup ecosystems in the years to come.


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