# Investors in Estonia (2026 list) > 136 investors in Estonia, 94% active in the last 12 months. Led by Techstars, Plug and Play, Accel. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-in-estonia (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors in Estonia Updated 26 October 2026 Firms observed in a round raised by a company in Estonia in the last two years, wherever the firm itself is based. What matters to a founder is who writes cheques into their market. [See all 136 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-in-estonia)The top 25 **136** investors on the list No change this week **2,737** cheques in 12 months *-19%* against the market **$3.4M** median round they joined *-57%* against the market median **94%** wrote a cheque in 12 months **49%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (25) - 1 [Techstars](https://millionrounds.com/fund/techstars) *Deploying now* VC firm · United States **2,987** **$1.2M** median round **Oct 2026** last seen - 2 [Plug and Play](https://millionrounds.com/fund/plug-and-play) *Deploying now* Accelerator · United States **1,557** **$5M** median round **Oct 2026** last seen - 3 [Accel](https://millionrounds.com/fund/accel) *Deploying now* VC firm · United States **1,336** **$34M** median round **Oct 2026** last seen - 4 [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) *Deploying now* VC firm · United States **1,032** **$29M** median round **Oct 2026** last seen - 5 [Index Ventures](https://millionrounds.com/fund/index-ventures) *Deploying now* VC firm · United Kingdom **1,025** **$31M** median round **Oct 2026** last seen - 6 [MassChallenge](https://millionrounds.com/fund/masschallenge) *Deploying now* Accelerator · United States **984** **$1.8M** median round **Sept 2026** last seen - 7 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) *Deploying now* Government · European Union **875** **$4.3M** median round **Oct 2026** last seen - 8 [Google for Startups](https://millionrounds.com/fund/google-for-startups) *Deploying now* Accelerator · United States **811** **$1.4M** median round **Sept 2026** last seen - 9 [Antler](https://millionrounds.com/fund/antler) *Deploying now* VC firm · United Kingdom **723** **$1M** median round **Oct 2026** last seen - 10 [Innovate UK](https://millionrounds.com/fund/innovate-uk) *Deploying now* VC firm · United Kingdom **703** **$1.2M** median round **Oct 2026** last seen - 11 [Balderton Capital](https://millionrounds.com/fund/balderton-capital) *Deploying now* VC firm · United Kingdom **368** **$30M** median round **Oct 2026** last seen - 12 [K Fund](https://millionrounds.com/fund/kfund) *Deploying now* VC firm · Spain **340** **$3M** median round **Oct 2026** last seen - 13 [ff Venture Capital](https://millionrounds.com/fund/ff-venture-capital) *Deploying now* VC firm · United States **336** **$3M** median round **Jul 2026** last seen - 14 [Inovia Capital](https://millionrounds.com/fund/inovia-capital) *Deploying now* VC firm · Canada **324** **$11M** median round **Sept 2026** last seen - 15 [Everywhere Ventures](https://millionrounds.com/fund/everywhere-ventures) *Deploying now* VC firm · United States **296** **$3.8M** median round **Oct 2026** last seen - 16 [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) *Deploying now* Private equity · United States **287** **$56M** median round **Oct 2026** last seen - 17 [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) *Deploying now* Government · Luxembourg **244** **$36M** median round **Oct 2026** last seen - 18 [Seedrs](https://millionrounds.com/fund/seedrs) *Deploying now* VC firm · United Kingdom **244** **$961K** median round **Sept 2026** last seen - 19 [Northzone](https://millionrounds.com/fund/northzone) *Deploying now* VC firm · United Kingdom **239** **$22M** median round **Oct 2026** last seen - 20 [Startup Wise Guys](https://millionrounds.com/fund/startup-wise-guys) *Deploying now* Accelerator · Estonia **237** **$551K** median round **Sept 2026** last seen - 21 [Berkeley SkyDeck](https://millionrounds.com/fund/berkeley-skydeck) *Deploying now* Accelerator · United States **231** **$2M** median round **Oct 2026** last seen - 22 [Reach](https://millionrounds.com/fund/reach) *Deploying now* VC firm · Canada **217** **$5M** median round **Sept 2026** last seen - 23 [Atomico](https://millionrounds.com/fund/atomico) *Deploying now* VC firm · United Kingdom **215** **$30M** median round **Oct 2026** last seen - 24 [Ring Capital](https://millionrounds.com/fund/ring) *Deploying now* VC firm · France **193** **$5.9M** median round **Oct 2026** last seen - 25 [European Commission](https://millionrounds.com/fund/european-commission) *Deploying now* VC firm · Belgium **160** **$2.8M** median round **Sept 2026** last seen **111 more on this list** Login free to see all 136, filter by stage, sector and market, and keep the ones that fit. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-in-estonia) ## The Newest Cheques Rounds this list's investors joined most recently - **23** Oct **[RhymeQ](https://millionrounds.com/company/rhymeq)** Pre-seed · $2.2M *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play) - **23** Oct **[Intuitivo](https://millionrounds.com/company/intuitivo)** Seed *With* [Techstars](https://millionrounds.com/fund/techstars) - **22** Oct **[Adaptavate](https://millionrounds.com/company/adaptavate)** Other · $5.4M *With* [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) - **22** Oct **[Weflayr](https://millionrounds.com/company/weflayr)** Pre-seed · $2.5M *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play) - **22** Oct **[PreScalar](https://millionrounds.com/company/prescalar)** Seed · $7M *With* [Antler](https://millionrounds.com/fund/antler) - **22** Oct **[Chapter Homes](https://millionrounds.com/company/chapter-homes)** Other · $6.6M *With* [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) ## Stages This Year 2,344 rounds - Seed **22%** - Venture **20%** - Series A **15%** - Pre-seed **11%** - Series B **7%** - Other **26%** ## What They Backed Sectors, last 12 months - AI **840** - Healthcare **149** - Biotech **144** - Fintech **127** - Big Data & Analytics **111** - Energy **100** ## Cheques by Quarter Led Joined 834 Q1 25 882 Q2 25 881 Q3 25 860 Q4 25 844 Q1 26 694 Q2 26 589 Q3 26 78 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors in United States 5,562](https://millionrounds.com/lists/investors-in-united-states) - [Investors in United Kingdom 1,828](https://millionrounds.com/lists/investors-in-united-kingdom) - [Investors in Germany 870](https://millionrounds.com/lists/investors-in-germany) - [Investors in Canada 836](https://millionrounds.com/lists/investors-in-canada) - [Investors in Australia 820](https://millionrounds.com/lists/investors-in-australia) - [Investors in France 745](https://millionrounds.com/lists/investors-in-france) - [Investors in India 580](https://millionrounds.com/lists/investors-in-india) - [Investors in Brazil 571](https://millionrounds.com/lists/investors-in-brazil) - [Investors in Netherlands 567](https://millionrounds.com/lists/investors-in-netherlands) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors in Estonia ### Who are the most active investors in Estonia? By cheques observed, the most active are Techstars, Plug and Play, Accel, Bessemer Venture Partners and Index Ventures. ### How many investors in Estonia are there? 136 are on record. 94% made an investment in the last 12 months and 49% have led a round. ### Which stages do investors in Estonia back? Of the rounds with a named stage in the last 12 months, mostly Seed (30%) and Series A (20%). ### How big are the rounds investors in Estonia join? The typical (median) round among the leading investors here is $4.3M. ### Which sectors do investors in Estonia back most? In the last 12 months, mostly AI, Healthcare and Biotech. ### Which investors in Estonia lead the most rounds? Accel (102 led), Index Ventures (62 led) and Bessemer Venture Partners (49 led). ### Where are investors in Estonia based? Among the most active, most are based in the United States (10), the United Kingdom (7) and Canada (2). ### What have investors in Estonia invested in recently? Recent rounds include RhymeQ (Pre-seed, Oct 2026, with Plug and Play), Intuitivo (Seed, Oct 2026, with Techstars) and Adaptavate (Other, Oct 2026, with EIC Accelerator). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)