Sometimes it takes 6 years and two fund generations to decide to invest in a company. I had already met one of the co-founders of Monetizr, Martins, back in 2014 when he was pitching a previous startup idea, before Change Ventures existed as a fund. I had been impressed with…

In 2017 Change Ventures started investing in the Baltic states, establishing the first truly pan-Baltic seed/pre-seed fund. Since then we have backed over 33 startups, which keeps demonstrating an ability to generate outsize startup success stories relative to population and size of the regional economy. The “next startup nations” is…

Hardware is hard. But the best founder teams just don't give up. Four years ago, Change Ventures was the first institutional investor to back Mikus and Madars Opelts, the brothers who co-founded Giraffe360. Back then Mikus had identified the problem — the challenge real estate agents and brokers have in…

The latest addition to our portfolio is RecruitLab — all-in-one recruitment platform (ATS, video interviews, job marketing, automations, social, etc) for SMEs to manage their full recruitment cycle. The company was founded by a trio of entrepreneurs with over a decade of HR market experience — Paavo Heil (CEO), Karl-Sander…

We are excited to welcome Werk to the Change Ventures portfolio! We led their $1.3M pre-seed round, joined by Foundamental VC, the largest global investor covering the Built-World — ConstructionTech and architecture, engineering and design technology, as well as angel investors Carmen Alfonso-Rico and Anthony Danon (Cocoa VC), Declan Kelly…

Pablo Picasso — ‘Learn the rules like a pro, so you can break them like an artist.’ The primary reason why we invested in Kwota is the strong founder team of Rain Vääna and Argo Rannamets. …

At €49M in commitments after the final closing, Change Ventures Fund II is the largest seed venture capital fund ever raised in the Baltic States, a region that has clearly been proven an outlier in Europe. Estonia produces more startups per capita than even Israel. Taken together, Estonia, Lithuania and…

When people ask me what is a “Baltic diaspora startup”, the example I usually give is Dogo. A Berlin headquarted startup, with three Lithuanian and one Estonian co-founder plus a development team in Kaunas, Lithuania, they are the prototypical startup that takes advantage of Berlin’s thriving startup ecosystem and the…

All venture investors have an anti-portfolio — a list of the startups they had an opportunity to invest in but decided not to. Printify has been high on our list since we passed on the chance to make a small investment during the early days of Fund I. As “green”…