25 investors have funded 8 EdTech companies head-officed in Tallinn, across 31 rounds (Jun 2012 – Jan 2026). They are ranked by how many Tallinn companies in this market they have actually backed.
"In Tallinn" describes the companies, not the investor: most of the money in any city comes from somewhere else, and the Where the money comes from section below shows exactly where it came from here.
Ranked by companies backed in this market and city, then by round count. "Led" counts rounds recorded with this investor as lead.
| # | Investor | Based in | Stages here | Companies | Rounds | Led | Latest | Portfolio total |
|---|---|---|---|---|---|---|---|---|
| 1 | Startup Wise Guys | Tallinn, Estonia | Seed | 2 | 2 | — | Oct 2021 | 374 |
| 2 | Change Ventures | Tallinn, Estonia | Seed | 1 | 3 | 1 | Jul 2022 | 36 |
| 3 | Inventure | Helsinki, Finland | SeedSeries A | 1 | 2 | 1 | Nov 2015 | 97 |
| 4 | SmartCap | Tallinn, Estonia | SeedSeries A | 1 | 2 | 1 | Nov 2015 | 27 |
| 5 | Flyer One Ventures | London, United Kingdom | Seed | 1 | 2 | 1 | Jul 2022 | 35 |
| 6 | Techstars | New York City, United States | Seed | 1 | 1 | 1 | Jun 2014 | 3,580 |
| 7 | Play Ventures | Singapore, Singapore | Seed | 1 | 1 | 1 | Jul 2022 | 86 |
| 8 | Metaplanet | Tallinn, Estonia | Series A | 1 | 1 | — | Oct 2021 | 70 |
| 9 | Rakuten Capital | Setagaya City, Japan | Series A | 1 | 1 | 1 | Nov 2015 | 55 |
| 10 | Superhero Capital | Helsinki, Finland | Seed | 1 | 1 | 1 | Apr 2020 | 52 |
| 11 | Rubio impact Ventures | Amsterdam, Netherlands | Series A | 1 | 1 | 1 | Oct 2021 | 36 |
| 12 | Superangel | Tallinn, Estonia | Seed | 1 | 1 | — | Nov 2021 | 39 |
| 13 | Educapital | Paris, France | Seed | 1 | 1 | 1 | Aug 2025 | 38 |
| 14 | Trind VC | Tallinn, Estonia | Seed | 1 | 1 | — | Apr 2020 | 33 |
| 15 | CV VC | Zug, Switzerland | Seed | 1 | 1 | 1 | May 2019 | 38 |
| 16 | TrueSight Ventures | London, United Kingdom | Seed | 1 | 1 | — | Apr 2020 | 25 |
| 17 | Specialist | Tallinn, Estonia | Seed | 1 | 1 | — | Aug 2025 | 26 |
| 18 | Rockaway Capital | Prague, Czech Republic | Series A | 1 | 1 | — | Oct 2021 | 23 |
| 19 | Vento | Torino, Italy | Seed | 1 | 1 | — | Jan 2026 | 24 |
| 20 | United Angels VC | Tallinn, Estonia | Seed | 1 | 1 | — | Nov 2021 | 19 |
| 21 | Estonian Business Angels Network | Tallinn, Estonia | Seed | 1 | 1 | 1 | Nov 2021 | 12 |
| 22 | G-Fund | Munich, Germany | Seed | 1 | 1 | — | Aug 2025 | 8 |
| 23 | Outlast Fund | Seed | 1 | 1 | 1 | Jan 2026 | 5 | |
| 24 | Contriber | Tartu, Estonia | Seed | 1 | 1 | — | Apr 2020 | 4 |
| 25 | Heateo Sihtasutus | Tallinn, Estonia | Seed | 1 | 1 | — | Jan 2020 | 1 |
Head office of the investors on this page.
Rounds by stage — where in a company's life this money arrives.
Total disclosed size of each round, not one investor's share.
How active this market has been.
EdTech companies head-officed in Tallinn that took money from these investors.
| Company | Backers | Rounds | Disclosed | Latest round |
|---|---|---|---|---|
| Lingvist lingvist.com |
7 | 9 | $44.5M | Series A Oct 2021 |
| Vocal Image vocalimage.app |
4 | 4 | $11.1M | Seed Aug 2025 |
| Math games 99math.com |
4 | 7 | $9.3M | Seed Jul 2022 |
| Speakly speakly.me |
4 | 4 | $3.9M | Seed Apr 2020 |
| Mentornaut mentornaut.ee |
3 | 3 | $695.5K | Seed Nov 2021 |
| Flashka flashka.ai |
2 | 2 | $2.3M | Seed Jan 2026 |
| inSkilled inskilled.com |
1 | 1 | $35K | Seed Jun 2012 |
| Orvium orvium.io |
1 | 1 | — | Seed May 2019 |
| Date | Investor | Company | Stage | Round size |
|---|---|---|---|---|
| Jan 2026 | Outlast FundLED | Flashka | Seed | $1.2M |
| Jan 2026 | Vento | Flashka | Seed | $1.2M |
| Aug 2025 | Specialist | Vocal Image | Seed | $3.6M |
| Aug 2025 | G-Fund | Vocal Image | Seed | $3.6M |
| Aug 2025 | EducapitalLED | Vocal Image | Seed | $3.6M |
| Jul 2022 | Change Ventures | Math games | Seed | $2.1M |
| Jul 2022 | Play VenturesLED | Math games | Seed | $2.1M |
| Jul 2022 | Flyer One Ventures | Math games | Seed | $2.1M |
| Nov 2021 | Estonian Business Angels NetworkLED | Mentornaut | Seed | $231.8K |
| Nov 2021 | Superangel | Mentornaut | Seed | $231.8K |
| Nov 2021 | United Angels VC | Mentornaut | Seed | $231.8K |
| Oct 2021 | Rockaway Capital | Lingvist | Series A | $5.9M |
| Oct 2021 | Metaplanet | Lingvist | Series A | $5.9M |
| Oct 2021 | Rubio impact VenturesLED | Lingvist | Series A | $5.9M |
| Oct 2021 | Startup Wise Guys | Vocal Image | Seed | $254.4K |
| Aug 2021 | Change Ventures | Math games | Seed | $1M |
| Aug 2021 | Flyer One VenturesLED | Math games | Seed | $1M |
| Apr 2020 | Trind VC | Speakly | Seed | $980.6K |
| Apr 2020 | Contriber | Speakly | Seed | $980.6K |
| Apr 2020 | Superhero CapitalLED | Speakly | Seed | $980.6K |
EdTech investors in other cities
Other markets in Tallinn