EstVCA Announces its New Management Board & Chairman of the Board for 2025-2027
The Estonian Private Equity and Venture Capital Association (EstVCA) members have elected a new 11-member board to steer the association for the next two years, until October 2027. Hendrik Reimand, Founding Partner at the venture capital fund 2C Ventures, has been elected as the new Chairman of the Board.
Madis Lehtmets, Managing Director of EstVCA, noted that the organization was fortunate to have such a strong and diverse pool of candidates in this year’s board elections, reflecting the willingness of both established and next-generation industry players to contribute and push the industry ahead as the Estonian private capital ecosystem is entering a pivotal period. He added: “With this new board, we have the experience, drive, and diverse perspectives to take bold steps, both locally and internationally, to strengthen our industry’s impact and reach. I look forward to working with them to support our members and build new partnerships across borders.”
The newly elected 11-member board reflects a broad blend of VC and PE professionals, key LPs, and legal-sector leaders: Dag Ainsoo (Startup Wise Guys), Ene Õunmaa (Swedbank Investment Funds), Hendrik Reimand (2C Ventures), Kärt Siilats (Superangel), Kristel Raidla-Talur (COBALT Legal), Maarja Pärs (Livonia Partners), Mari Kuhi (SmartCap), Margus Uudam (Karma Ventures), Mart Maasik (Nordic Science Investments), Rando Rannus (Siena Secondary Fund), and Sigrid Lii Treialt (LHV Asset Management).
Hendrik Reimand, who has been a board member of EstVCA since 2019, has been elected as the Chairman of the Board: "I am grateful to the rest of the board for their trust in electing me as the Chairman. I believe the previous boards have done an excellent job advancing the industry's common goals, and I look forward to working with the board and other market participants to continue this work.”
Kaari Kink, who has led the EstVCA board for the past two years, said that the incoming board’s blend of experience and fresh viewpoints comes at an important moment for the industry: “I'm especially glad to see Hendrik stepping into the Chair role. Hendrik brings a deep understanding of the industry’s key challenges and a pragmatic approach to advancing EstVCA’s priorities. He has initiated several important programmes within the organisation, and I’m confident he will guide the board effectively in the years ahead. I’m also glad to see pension funds represented in the lineup, as their perspective is vital to building a resilient, well-capitalised market.”
The EstVCA Board will maintain its ongoing priorities while also launching new initiatives to support the industry’s continued growth for its upcoming term:
- Strengthening capital availability for the local industry. This includes attracting additional foreign LPs and investors to Estonian funds, thereby further enhancing the local investment environment. The Board will also work closely with the largest domestic investors to ensure they can continue supporting the ecosystem. In parallel, it will maintain active dialogue with pension funds and government partners to safeguard and expand the collaborative frameworks that have been critical to the industry’s development.
- Securing a stable and supportive legal environment for the sector. Recent discussions, such as those surrounding debt pushdown, demonstrate the importance of consistent legal clarity and proactive advocacy to maintain Estonia’s competitiveness as an investment hub.
- Advancing cooperation with Estonian universities to improve the commercialisation of scientific research. Strengthening bridges between academia and the investment community is expected to unlock new opportunities for innovation, benefit local funds, and generate broader societal value.
Hendrik Reimand also agreed that the next few years will be rather critical for the industry, as many EstVCA members will be raising their next-generation funds: “Attracting more LP investors to the ecosystem, ensuring a favourable legal environment for the industry, and supporting the founders of our next success stories will be as important as ever. We have a strong and competent board in place, and I am confident that we can achieve a lot over the coming years."
The EstVCA team extends heartfelt appreciation to the outgoing Board and its Chairman for their commitment and meaningful contributions over the past term. Their vision and efforts have significantly shaped the industry and enabled the progress we will continue to build upon.
Newer
There are no newer news
