# Bilance funding: rounds and investors

> Bilance has raised $321K across 1 round since 2023. Investors include Specialist VC. Every round with its source.

Source: https://millionrounds.com/company/bilance (Millionrounds; every figure on the page links to its filing or article)

Estonia · [Pre-seed startup](https://millionrounds.com/companies)

# Who invested in *Bilance*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Fintech

Funding summary Updated 26 Oct 2026

**$321K** raised across 1 round since 2023, from 1 source

- **Latest round:** Pre-seed, $321K Nov 2023
- **Investors:** 1

See who backed them

## The rounds

- **Nov 2023** Pre-seed **$321K** [Specialist VC](https://millionrounds.com/fund/specialist-vc) Source recorded

## Founders and team

From Bilance's own website: 2 on the team.

- **Mihkel Vetemaa** CEO
- **Erik Vetemaa** CTO

## Everyone who backed them

[Specialist VC](https://millionrounds.com/fund/specialist-vc) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=bilance).

## Quick answers about Bilance

### Who invested in Bilance?

Bilance's investors include Specialist VC.

### How much has Bilance raised?

Bilance has raised $321K across 1 round since 2023.

### When did Bilance last raise?

Bilance's most recent round was a Pre-seed of $321K in Nov 2023.

### What was Bilance's biggest round?

Its most recent round, $321K in Nov 2023, is also its largest on record.

### Who backed Bilance first?

Bilance's first round on record, in Nov 2023, was backed by Specialist VC.

### What stage is Bilance at?

Bilance's latest named round is a Pre-seed, in Nov 2023.

### Where is Bilance based?

Bilance is based in Estonia.

## Companies like Bilance

In the same sector, and raised in the last eighteen months.

[**Cachet** $18M · Oct 2026](https://millionrounds.com/company/cachet)[**Creem** $7.8M · Sept 2026](https://millionrounds.com/company/creem)[**Fintellect** $100K · May 2025](https://millionrounds.com/company/fintellect)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Cashin** $404K · Oct 2026](https://millionrounds.com/company/cashin)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app