Change Ventures
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Change Ventures is the real deal - probably the most founder-friendly fund in the Baltics with genuine operational chops. They ranked among Europe's top 10 VCs by founder reviews on Landscape, based on speed, responsiveness and value-add, which is rare for a regional fund. The partners aren't just check-writers; they've actually built and exited companies themselves. Andris has two $100M+ exits, the Ojasaar brothers literally created Estonia's VC ecosystem, and founders consistently praise their hands-on support: 'We've not only received full support, but Change Ventures provided the right hands-on at the right time, even unasked. Could not wish for better investors for the stage we're in.' They move fast, give clear feedback even when passing, and have a unicorn (Veriff) plus a solid exit (Nordigen to GoCardless) to show for it.
- —Best for: Baltic founders (or diaspora) who want genuinely helpful VCs with real operational experience
- —Watch out for: Geographic focus - you need Baltic ties or willingness to establish presence there
- —Known for: Lightning-fast decisions, hands-on post-investment support, and ecosystem connections
Change Ventures is a Baltic-focused early-stage venture capital fund with the explicit mission of 'backing ambitious Baltic founders.' The fund invests in founders from Estonia, Latvia, or Lithuania, or members of the Baltic diaspora globally who can build global-scale businesses. Their core investment philosophy emphasizes team quality and grit as primary criteria - 'our main investment criteria is team and whether they have the grit to succeed.'
Change Ventures invests €100-750K in pre-seed and seed capital, focusing on technology startups across all sectors. The VC focuses on tech startups with a preference for business-to-business (B2B) and SaaS businesses, though portfolio evidence shows they're industry-agnostic, with investments spanning defense tech, fintech, proptech, edtech, and robotics.
C-level roles in sales, marketing, product and business development at successful startups in US, UK and Israel, including AeroScout ($240M exit) and Bookatable ($110M exit). MBA, Stanford Graduate School of Business. Prominent Baltic startup ecosystem leader, co-founder of TechHub Riga and TechChill. The operational heavy-hitter with real Silicon Valley exits under his belt.
Managing Partner at angel investment & financial advisory firm Solon Partners. Co-founder of business angel network (EstBAN) and Estonian VC Association (EVCA). Juris Doctorate cum laude, University of Minnesota. The ecosystem architect who literally helped build Estonia's angel and VC infrastructure from scratch.
Springboard / Techstars London Alumni. Founder and CEO of multiple tech startups, including Indilo Wireless (acquired by Mobi) and nodeSWAT. Serial entrepreneur with hands-on startup experience and accelerator connections in London.
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