Thorgate Ventures

Type

Venture Capital

Status

Active

Location

Tallinn, Estonia

Total investments

22

Average round size

477K

Portfolio companies

16

Rounds per year

1.69

Lead investments

3

Follow on index

0.27

Stages of investment
Seed
Areas of investment
LogisticsBiotechnologyTransportationSoftwareFinTechInformation TechnologyHealth CareSaaSCyber SecurityConstruction

Summary

Thorgate Ventures is the famous VC, which was founded in 2016. The venture was found in Europe in Estonia. The main department of described VC is located in the Tallinn.

The typical case for the fund is to invest in rounds with 2 participants. Despite the Thorgate Ventures, startups are often financed by CyLon. The meaningful sponsors for the fund in investment in the same round are Startup Wise Guys, Seedcamp, Mistletoe. In the next rounds fund is usually obtained by Vendep Capital, United Angels VC, Leap Ventures.

Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Xolo. Among the most successful fund investment fields, there are Fitness, Energy. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Estonia.

The fund is constantly included in less than 2 investment rounds annually. The usual things for fund are deals in the range of 100 thousands - 1 million dollars. Considering the real fund results, this VC is 3 percentage points less often commits exit comparing to other organizations. The top activity for fund was in 2019.

This organization was formed by Ivar Merilo, Janar Merilo, Raido Pikkar, Taavi Teska, Toomas Uripea. The overall number of key employees were 2.

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Investor highlights

Industry focus
B2B/Enterprise
Stage focus
Seed
Check size
Up to 55K

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Investments analytics

Analytics

Total investments
22
Lead investments
3
Rounds per year
1.69
Follow on index
0.27
Investments by industry
  • Software (9)
  • SaaS (5)
  • Information Technology (3)
  • Construction (2)
  • Cyber Security (2)
  • Show 27 more
Investments by region
  • Estonia (17)
  • Norway (1)
  • France (1)
  • United Kingdom (3)
Peak activity year
2019

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Quantitative data

Avg. startup age at the time of investment
6
Avg. valuation at time of investment
280K
Group Appearance index
0.68

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
JointechLabs 08 Jun 2021 Biotechnology, Health Care, Medical Seed 200K United States, California, San Francisco
Remato 16 Sep 2020 Software, SaaS, Construction Seed 531K Estonia, Tartu maakond, Tartu
U24 Solutions 05 Feb 2021 Biotechnology, Software, Information Technology, Health Care, Pharmaceutical Seed 1M Harju maakond, Tallinn, Estonia

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