Change Ventures
Venture Capital
Change Ventures is the first pre-seed/seed venture capital fund with boots on the ground in all three Baltic states, backing ambitious Baltic founders anywhere in the world.
Tallinn, Estonia · 19+ investments · 1 portfolio companies
Pre-Seed
Seed
Artificial Intelligence
Deep Tech
E-Commerce
EdTech
Fintech
Robotics
SaaS
- Headquarters
- Tallinn, Estonia
- Founded
- 2016
- Website
- changeventures.com
- AUM
- $54.0M
- Portfolio Company
- 1
- Total Investments
- 19
- Last Investment
- Jun 2025
- Geographic Focus
- Europe
Investment Thesis
The only pan-Baltic pre-seed and seed venture capital fund, backing ambitious founders from Estonia, Latvia, and Lithuania — and the global Baltic diaspora — who have the grit to build massive global businesses. Primary investment criterion is team quality and resilience. Deeply embedded in the Baltic startup ecosystem with extensive networks of successful founders, angels, and later-stage investors.
Change Ventures is a Venture Capital firm based in Tallinn, Estonia. It has made 19 investments in Artificial Intelligence and Deep Tech, including Aerones.
Portfolio1
Investment History
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