# Jaan Tallinn: portfolio, investments and team > Jaan Tallinn is a vc firm based in Estonia. 23 investments on record, 1 in the last 12 months, latest Feb 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/jaan-tallinn (Millionrounds; every figure on the page links to its filing or article) Estonia · [Investor](https://millionrounds.com/investors) # Jaan Tallinn Last cheque observed Feb 2026; 23 cheques on record. Email Deploying now New fund $69M, Sept 2025 VC firm Seed Follow Jaan Tallinn and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fjaan-tallinn) Deploying now **50%** of best year **1** **cheques in 12 months**, 23 on record Since the last cheque **250** days **00** hrs **00** min **00** sec Median round **$4.8M** Rounds led **0 of 23** Sole investor **2 rounds** Mostly in **United States, 52%** Pitch Jaan Tallinn ## Jaan Tallinn highlights - 01 1 cheques in the last 12 months - 02 Mostly Seed and Series A: 82% of its rounds - 03 Sole investor in 2 rounds, median $385K ## What they do > Filed 1 private fund offerings with the SEC, the most recent in 2025-09 From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed - **Based in:** Estonia - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **23 appearances** - **2026** 1 round - **Feb** **[ZaiNar](https://millionrounds.com/company/zainar)** Series B · US · Ventureburn **$100M** With 7 others - **2025** 1 round - **Jul** **[Lightyear](https://millionrounds.com/company/lightyear)** Series B · GB · NordicNinja (JB Nordic Fund I) **$23M** With 12 others - **2019** 2 rounds - **Nov** **[JetPack](https://millionrounds.com/company/jetpack)** Seed · US · TechCrunch **$2.0M** With 5 others - **Sept** **[Pactum](https://millionrounds.com/company/pactum)** Pre-seed · EE · Sifted **$1.1M** With 3 others - **2018** 2 rounds - **Jun** **[Starship](https://millionrounds.com/company/starship)** Seed · US · FinSMEs **$25M** With 4 others - **Jan** **[Apprente](https://millionrounds.com/company/apprente)** Seed · US · FinSMEs **$4.8M** With 6 others - **2017** 1 round - **Feb** **[Fossa](https://millionrounds.com/company/fossa)** Seed · US · FinSMEs **$2.2M** With 4 others - **2015** 5 rounds - **Nov** **[Lingvist](https://millionrounds.com/company/lingvist)** Series A · EE **$8.0M** With 4 others - **Jun** **[Fleep](https://millionrounds.com/company/fleep)** Seed · EE **$896K** With 2 others - **May** **[Funderbeam](https://millionrounds.com/company/funderbeam)** Seed · EE **$554K** With 2 others - **Mar** **[Nightingale](https://millionrounds.com/company/nightingale)** Seed · US **$660K** With 4 others - **Feb** **[Plumbr](https://millionrounds.com/company/plumbr)** Venture · EE **$700K** Sole investor - **2014** 8 rounds - **Dec** **[Swap.com (Netcycler Inc.)](https://millionrounds.com/company/swap-com-netcycler-inc)** Series A **$4.0M** With 4 others - **Oct** **[Digital sputnik](https://millionrounds.com/company/digital-sputnik)** Seed · US **$540K** With 5 others - **Sept** **[Teleport](https://millionrounds.com/company/teleport)** Seed · US **$2.5M** With 8 others - **Jul** **[BetterDoctor](https://millionrounds.com/company/betterdoctor)** Series A · US **$10M** With 5 others - **Jun** **[Dextro](https://millionrounds.com/company/dextro)** Seed · US **$1.7M** With 9 others - **Apr** **[Undo Software](https://millionrounds.com/company/undo-software)** Seed **$1.3M** With 1 other - **Apr** **[Lingvist](https://millionrounds.com/company/lingvist)** Seed · EE **$1.3M** With 2 others - **Mar** **[Fleep](https://millionrounds.com/company/fleep)** Seed · EE **$463K** With 3 others - **2013** 3 rounds - **Aug** **[Fleep](https://millionrounds.com/company/fleep)** Seed · EE **$335K** With 1 other - **Jul** **[Lingvist](https://millionrounds.com/company/lingvist)** Seed · EE **$70K** Sole investor - **Jun** **[Experiment](https://millionrounds.com/company/experiment)** US **$1.2M** With 23 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **2 named** JT **Jaan Tallinn** Manager i Filing they signed KM **Karl-Rauno Miljand** Manager i Filing they signed We also hold **2** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. New fund on file **$69M** raised in Sept 2025 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Median round joined **$4.8M** the round, not its cheque Alone, median **$385K** Led 0 of 23 rounds **0%** - **Sole investor:** 2 rounds - **Last cheque:** Feb 2026 Rounds by stage said on their site - Seed said *15* - Series A *3* - Series B *2* - Pre-seed *1* - Venture *1* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Sten Tamkivi](https://millionrounds.com/fund/sten-tamkivi) 3 - [Ahti Heinla](https://millionrounds.com/fund/ahti-heinla) 2 - [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 2 - [Esther Dyson](https://millionrounds.com/fund/esther-dyson) 2 - [Ott Kaukver](https://millionrounds.com/fund/ott-kaukver) 2 - [Priit Kasesalu](https://millionrounds.com/fund/priit-kasesalu) 2 **Pitching Jaan Tallinn?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Jaan Tallinn. A count of rooms they were both in, not a relationship either has claimed. [**Sten Tamkivi** Angel **3** rounds together](https://millionrounds.com/fund/sten-tamkivi)[**Ahti Heinla** Angel **2** rounds together](https://millionrounds.com/fund/ahti-heinla)[**Andreessen Horowitz** VC firm **2** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Esther Dyson** VC firm **2** rounds together](https://millionrounds.com/fund/esther-dyson)[**Ott Kaukver** Angel **2** rounds together](https://millionrounds.com/fund/ott-kaukver)[**Priit Kasesalu** Angel **2** rounds together](https://millionrounds.com/fund/priit-kasesalu)[**Rain Rannu** Angel **2** rounds together](https://millionrounds.com/fund/rain-rannu)[**Rock Spring Partners, LLC** VC firm **2** rounds together](https://millionrounds.com/fund/rock-spring-partners-llc)[**SV Angel** VC firm **2** rounds together](https://millionrounds.com/fund/sv-angel)[**SmartCap AS** VC firm **2** rounds together](https://millionrounds.com/fund/smartcap-as)[**Taavet Hinrikus** VC firm **2** rounds together](https://millionrounds.com/fund/taavet-hinrikus)[**Two Sigma Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/two-sigma-ventures) ## Recently backed The latest companies Jaan Tallinn put money into. [**ZaiNar** $100M · Feb 2026](https://millionrounds.com/company/zainar)[**Lightyear** $23M · Jul 2025](https://millionrounds.com/company/lightyear)[**JetPack** $2.0M · Nov 2019](https://millionrounds.com/company/jetpack) ## On podcasts 2 episodes naming Jaan Tallinn in the title, and 1 more that mention it. - [The Generalist](https://millionrounds.com/podcasts/the-generalist) 8 Oct 2026 · 1h 7m Jaan Tallinn would like us to survive Mentions [Jaan Tallinn](https://millionrounds.com/fund/jaan-tallinn) Apple PodcastsShow page - [The Logan Bartlett Show](https://millionrounds.com/podcasts/logan-bartlett-show) 7 Jul 2023 · 1h 24m EP 72: Jaan Tallinn (Co-Founder, Skype) on Lessons from Skype, Giving SBF $100M & Investing in AI Mentions [Jaan Tallinn](https://millionrounds.com/fund/jaan-tallinn)[Elon Musk](https://millionrounds.com/fund/elon-musk) Apple Podcasts ### Mentioned in - [Acquired](https://millionrounds.com/podcasts/acquired) 2 Nov 2016 · 1h 19m Skype Apple PodcastsShow page ## Quick answers about Jaan Tallinn ### What does Jaan Tallinn invest in? Jaan Tallinn invests most often at Seed and Series A (82% of the rounds on record). ### How active is Jaan Tallinn? 23 investments on record, 1 of them in the last 12 months. The most recent was in Feb 2026. ### What has Jaan Tallinn invested in recently? Its most recent investments on record: ZaiNar (Series B, Feb 2026), Lightyear (Series B, Jul 2025) and JetPack (Seed, Nov 2019). ### How big are Jaan Tallinn's cheques? The median round it joins is $4.8M. ### Does Jaan Tallinn lead rounds? Rarely, if at all: none of its 23 investments on record names it as the lead. ### Where does Jaan Tallinn invest? Most of the companies it backs are in the United States (52%) and Estonia (43%). ### Is Jaan Tallinn investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### Who does Jaan Tallinn invest alongside? Most often Sten Tamkivi (3 rounds together), Ahti Heinla (2 rounds together) and Andreessen Horowitz (2 rounds together). ## Raising now? 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