Profile: Change Ventures — Estonian VC Fund

AIN.TECH conducted a series of interviews with the most active Estonian VC funds. It is aimed to give the startups full information about the ecosystem of the country, as well as to make it easier for them to find the appropriate fund for further cooperation.

This time we prepared short article about Change Ventures VC fund.

Change Ventures is a pre-seed and seed venture capital fund with boots on the ground in all three Baltic states.

When the fund was launched?

Current fund launched in 2019

What is your investment focus?

Baltic startups (at least one founder from Estonia, Latvia or Lithuania and some active operations here)

What is the average investment amount?

€250k-€1.5M, average might be €750k

How many deals does the fund make per year?


Does the fund invest only in Estonian startups or in foreign projects too?

Legal jurisdiction can be anywhere in the world, but they need to qualify as Baltic startups.

What does the fund offer except the investment?

Our partners all are experienced operators, so we help hands-on with strategy, advice, and contacts. We also engage closely to help raise follow-on funding from our network of over 400 investors that we know personally across the globe.