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Change Ventures launches €20M Fund III to double down on pre-seed investing in the “next startup nations”

In 2017 Change Ventures started investing in the Baltic states, establishing the first truly pan-Baltic seed/pre-seed fund. Since then they have backed over 33 startups, which keeps demonstrating an ability to generate outsize startup success stories relative to population and size of the regional economy.

Change Ventures participates in the $100M round of its portfolio company Planet42

23 February 2023

Estonia-founded and South Africa-based vehicle rental startup Planet42 has announced that it has raised a $100 million round to scale its operations across South Africa and Mexico.

Change Ventures participates in a $30 million round of cleantech startup Aerones

03 January 2023

Aerones, a robotics startup which helps with wind turbine maintenance, has secured $30 million in fresh funding. EstVCA's member Change Ventures is one of the investors helping Aerones to grow.

Change Ventures participates in a $16M Series A round into real estate VR startup Giraffe360

06 December 2022

Change Ventures participates in Founders Fund lead $16M Series A round into real estate VR platform Giraffe360.

Change Ventures leads a $2M seed round of Modash, a startup building infrastructure of the creator economy.

23 November 2022

Modash raises $2M in Change Ventures-led seed round to power 1M partnerships per year & build the infrastructure of the creator economy.

Change Ventures leads the €2 million investment round to Cloud Factory

13 October 2022

Tallinn-based Cloud Factory has just raised €2 million to bring about a new approach to fine jewellery, using 3D printing technology. The startup will now scale up its approach to producing cost-effective, sustainable and highly scalable jewellery production.

Change Ventures leads the €1.9M seed round of Estonian recruitment software provider RecruitLab

The round saw participation from StartupIst VC, FFF.vc and the BADideas.fund. To date, the startup reached a total of €2.2M in funding. The company was founded by three entrepreneurs with over a decade of HR market experience — Paavo Heil (CEO), Karl-Sander Erss (CTO) and Marie Evart (CMO).

Change Ventures participates in the $2.1 million funding round in its portfolio company 99math

Estonian startup 99math has raised $2.1 million to boost its edtech math gaming platform aimed at making math fun. The new funds will help the company reach the U.S. and other markets with more social gameplay.

Change Ventures leads the $1.3M pre-seed round to Werk — a construction worker relocation platform

Change Ventures led the round, joined by Foundamental VC, the largest global investor covering the Built-World — ConstructionTech and architecture, engineering and design technology, as well as angel investors Carmen Alfonso-Rico and Anthony Danon (Cocoa VC), Declan Kelly (Foreword VC), Gonzalo Manrique (Ironhack), and Andreas Klinger (On Deck CTO and Head of Remote at AngelList).

Change Ventures co-leads in the $9m seed funding round of its portfolio company Aerones

Aerones, the Latvian startup that makes wind turbine inspection a snap with its proprietary robots, has raised $9 million in seed funding to further accelerate the global scaling of its robotic wind turbine maintenance and inspection services.

Change Ventures and Equity United participate in the $40M Series A funding round of their portfolio company Eurora 27 April 2022

Change Ventures leads the €1.5M pre-seed investment round to Kwota 04 April 2022

Change Ventures announces closing a €49M fund 08 February 2022

Estonian identity verification startup Veriff becomes a unicorn by raising a $100m Series C investment 26 January 2022

Change Ventures participates in the $30 million investment round to Planet42 21 December 2021

Change Ventures leads the $3M seed round to Dogo 20 December 2021

Change Ventures leads the €1.2M seed investment round to Gelatex 26 November 2021

Change Ventures participates in the $45M Series A investment round to Printify 09 November 2021

Change Ventures grows its fund size to €43M 27 October 2021

Change Ventures leads the $1 million pre-seed round to Lithuanian edtech Memby 25 August 2021

DEAL TALKS: Yrjö Ojasaar of Change Ventures talks about leading the $3 million seed investment round to Eurora 10 August 2021

Change Ventures participated in the $1M investment round of edtech startup 99math 02 August 2021

Change Ventures led the $3M investment round to Outvio 30 July 2021

Change Ventures led the $3 million seed investment round to Eurora 16 July 2021

Change Ventures co-leads the $31m Series A round investment to Interactio 26 May 2021

Change Ventures leads the €3.1 million seed round to INZMO 28 January 2021

Change Ventures closes its second fund at €31M 11 January 2021

Change Ventures led the $1.8 million seed round to Fyma 18 December 2020

Our members Superangel, NordicNinja VC and Change Ventures participate in the 15.5 million USD investment into Veriff 01 July 2020

DEAL TALKS: Rait Ojasaar of Change Ventures talks about leading €2.2M investment into Planet42 18 June 2020

Change Ventures led the €2.2 million investment round into Estonian fintech Planet42 16 June 2020

EBRD investment approval set to make Change Ventures Fund II the largest seed fund operating in the Baltic States 29 May 2020

DEAL TALKS: Yrjö Ojasaar of Change Ventures talks about $1.7M seed round investment in askRobin 29 May 2020

Change Ventures led the $1.7M seed round investment in Estonian fintech askRobin 06 May 2020