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Change Ventures

Founders Rait Ojasaar

Overview

Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 52
Average round size
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The average size of a deal this fund participated in
$4M
Portfolio companies 35
Rounds per year 7.43
Lead investments 13
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.29
Key employees Soon
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Apps
  • Information Technology
  • FinTech
  • Financial Services

Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Change Ventures:
Typical Co-investors
Change Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Change Ventures:

Funds with similar focus

Funds from Estonia
Funds with similar focus located in Estonia:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Inspectle Food

Food and Beverage
Food Processing
$472K12 Dec 2023 Tallinn, Harjumaa, Estonia

Algori

Analytics
Consumer
$3M07 Jul 2023 Madrid, Madrid, Spain

Formaloo

Analytics
Business Intelligence
Data Mining
Data Visualization
Machine Learning
SaaS
$2M05 Jul 2023 Tallinn, Harju maakond, Estonia

Complok

Compliance
FinTech
$413K04 Apr 2023 Tallinn, Harjumaa, Estonia

Trace.Space

Automotive
Software
$1M14 Feb 2023 London, England, United Kingdom

Aerones

Drone Management
Drones
$35M27 Dec 2022 San Jose, California, United States

Giraffe360

Commercial Real Estate
Information Technology
Real Estate
$18M30 Nov 2022 London, England, United Kingdom

Modash.io

Advertising
Internet
Software
$2M23 Nov 2022 Tallinn, Harju maakond, Estonia

Cloud Factory

3D Printing
Jewelry
Precious Metals
$2M11 Oct 2022 Tallinn, Harjumaa, Estonia
News
White-label SaaS shipping startup Outvio closes $3M round led by Change Ventures

– Outvio, an Estonian startup that provides a white-label SaaS fulfillment solution for medium-sized and large online retailers in Spain and Estonia, has closed a $3m early-stage financing round led by Change Ventures.
– Also participating were TMT Investments (London), Fresco Capital (San Francisco) and Lemonade Stand (Tallinn). Several angels also joined the round, including James Berdigans (Printify) and Kristjan Vilosius (Katana MRP). This is the startup’s first institutional round of funding after bootstrapping since 2018.

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Total investments 52
Average round size 4M
Rounds per year 7.43
Peak activity year 2021
Lead investments 13
Follow on index 0.29
Group Appearance index 0.88

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Inspectle Food

Food and Beverage
Food Processing
$472K12 Dec 2023 Tallinn, Harjumaa, Estonia

Algori

Analytics
Consumer
$3M07 Jul 2023 Madrid, Madrid, Spain

Formaloo

Analytics
Business Intelligence
Data Mining
Data Visualization
Machine Learning
SaaS
$2M05 Jul 2023 Tallinn, Harju maakond, Estonia

Complok

Compliance
FinTech
$413K04 Apr 2023 Tallinn, Harjumaa, Estonia

Trace.Space

Automotive
Software
$1M14 Feb 2023 London, England, United Kingdom

Aerones

Drone Management
Drones
$35M27 Dec 2022 San Jose, California, United States

Giraffe360

Commercial Real Estate
Information Technology
Real Estate
$18M30 Nov 2022 London, England, United Kingdom

Modash.io

Advertising
Internet
Software
$2M23 Nov 2022 Tallinn, Harju maakond, Estonia

Cloud Factory

3D Printing
Jewelry
Precious Metals
$2M11 Oct 2022 Tallinn, Harjumaa, Estonia
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