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Pre-seed investments backing ambitious Baltic founders.

Backing:

€100k-500k in pre-seed capital initial investments, hands-on support to reach product-market fit and a deep network of later stage investors and partners

Ambitious:

we only back teams who can build global scale businesses

Baltic:

local Baltic founders in Estonia, Latvia or Lithuania, or Baltic diaspora globally

Founders:

our main investment criteria is team and whether they have the grit to succeed

Backing: €100-750k in pre-seed and seed capital initial investments, along with follow-on capital in later rounds, hands-on support to reach product-market fit and a deep network of later stage investors and partners
Ambitious: we only back teams who can build global scale businesses
Baltic: local Baltic founders or Baltic diaspora globally
Founders: our main investment criteria is team and whether they have the grit to succeed

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AskRobin's marketplace has connected more than 1 million consumers in Latin America with over 200 entities offering financial products.

Learn more about askRobin

Fyma turns your security camera into a predictive sensor, unlocking the data within your video streams.

Learn more about Fyma

Veriff is one of the leading providers of online ID verification. Their developer-friendly API solution has superior and highly automated video capture tech that supports the widest range of ID document types. YCombinator W18 graduates.

Learn more about Veriff

Planet42 provides inclusive fintech solutions to the underbanked in South Africa. The fast growing rent-to-buy vehicle offering is generating a significant social impact, enabling 24 million credit impaired people to access car financing and regain mobility.

Learn more about Planet42

99Math is an online math league where students and schools can compete against each other. eSports competitive approach makes math learning and practice fun for everyone.

Learn more about 99math

Aerones is the world’s leading robotic wind turbine blade inspection, maintenance and repair system.

Learn more about Aerones
Photo credit: Petras Malūkas

Qoorio is a community for humans to share life learnings & knowledge. A verified identity marketplace where curious people can buy time from sellers on whatever topic they need to understand better.

Learn more about Qoorio

Online marketplace for passive job seekers in tech sector. MeetFrank enables tech talent to anonymously and passively monitor for relevant job offers. For recruiters, MeetFrank significantly increases the speed of delivery of high quality leads with relevant skills, experience and salary range.

Learn more about MeetFrank

Open banking analytics products for banks, lenders and fintechs, who use the Nordigen platform to turn raw account data in to valuable insights.

Learn more about Nordigen

Smart-device solution for accurate timber measurement and data management. Timbeter’s machine learning algorithm analyses timber photos to create volumetric calculations that are 5x faster and 10x quicker than manual measurements.

Learn more about Timbeter

Mobile app and cloud solution for replacing audio streaming hardware at events, especially for simultaneous interpretation.

Festivality provides a full-service platform to enable innovative mobile applications for attendees at music, sports, business and other live events.

Giraffe360 enables real estate brokers and agents to produce stunningly beautiful photographic content for listings, leveraging the firm’s unique robotic camera.

The first mindful conversation app powered by ethical AI, designed to help people build better relationships.

SprayPrinter redefines out of home advertising with novel spray printing robots that colour print any size wall in a matter of hours. Enables brands to turn dull walls into artistic commercial murals that drive engagement and social media sharing.

Guaana helps researchers to find relevant funding and collaboration partners for nascent research projects. Synchronising researcher and foundation needs, Guaana has created a fast and transparent grant distribution model that is completely based on peer evaluation.

Harry Huge
FOUNDER AND GENERAL PARTNER

Honorary Consul for Estonia; Order of the Cross of Terra Mariana. Founder of the Harry and Reba Huge Foundation. Distinguished legal career, JD - Georgetown Law School.

LinkedInTwitter
Ed Steiner
PRINCIPAL AND GENERAL COUNSEL

Partner at Squire Patton Boggs LLP. U.S. top ranked lawyer with 30+ years as counsel to venture capital and private equity funds. Masters, Johns Hopkins, JD - Yale Law School.

LinkedInTwitter
Brent Comstock
CHIEF OPERATING OFFICER

Successful tech startup and digital agency exec. Experienced mentor and accelerator leader in U.S. and Europe. Dual degree from UNC — Chapel Hill and Duke University.

LinkedInTwitter

Investment Team

Andris K. Berzins
MANAGING PARTNER

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). Prominent Baltic startup ecosystem leader, co-founder of TechHub Riga and TechChill. MBA, Stanford Graduate School of Business.

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Yrjö Ojasaar
INVESTMENT PARTNER

Tech-startup CEO, angel investor, venture advisor, public speaker. 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.

LinkedInTwitter
Rait Ojasaar
INVESTMENT PARTNER

Tech-entrepreneur, angel investor, mentor and advisor. Springboard / Techstars London Alumni. Founder and CEO of multiple tech startups, including Indilo Wireless (acquired by Mobi) and nodeSWAT. Managing Partner at angel investment & financial advisory firm Solon Partners. BA International Business, Estonian Business School.

LinkedInTwitter
Andris K. Berzins
MANAGING PARTNER

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). Prominent Baltic startup ecosystem leader, co-founder of TechHub Riga and TechChill. MBA, Stanford Graduate School of Business.

Yrjö Ojasaar
INVESTMENT PARTNER

Tech-startup CEO, angel investor, venture advisor, public speaker. 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.

Rait Ojasaar
INVESTMENT PARTNER

Tech-entrepreneur, angel investor, mentor and advisor. Springboard / Techstars London Alumni. Founder and CEO of multiple tech startups, including Indilo Wireless (acquired by Mobi) and nodeSWAT. Managing Partner at angel investment & financial advisory firm Solon Partners. BA International Business, Estonian Business School.

Team

Andris K. Berzins
Investment Partner

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). Prominent Baltic startup ecosystem leader, co-founder of TechHub Riga and TechChill. MBA, Stanford Graduate School of Business.

Rait Ojasaar
INVESTMENT PARTNER

Tech-entrepreneur, angel investor, mentor and advisor. Springboard / Techstars London Alumni. Founder and CEO of multiple tech startups, including Indilo Wireless (acquired by Mobi) and nodeSWAT. Managing Partner at angel investment & financial advisory firm Solon Partners. BA International Business, Estonian Business School.

Kärt Siilats
INVESTMENT PARTNER

7+ years experience as a partner at Mojo.capital, a fund that backed Tink, iZettle, Hometogo, Partnerize, Jobandtalent, Wefox, Wise and Veriff. Previously European Investment Fund, Citi and Barclays. She is a graduate of INSEAD and Harvard University.

Aveli Nurk
Operating Partner

Experience at EY and KPMG transaction advisory, specializing in Financial Due Diligence and Valuations. Masters in Finance, Tallinn University of Technology.

Yrjö Ojasaar
Investment Partner (Fund I)

Tech-startup CEO, angel investor, venture advisor, public speaker. 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.

Tim Vaino
Investment Manager

Tim co-founded Fund Fellow Founders, a cross-border tech angel investment community, prior to which he established the Baltic headquarters for Swedish venture studio VNTRS in Tallinn and led partnerships and fundraising at Latitude59. Tim hosts the Investor Story podcast and is a graduate of London Middlesex University.

Zane Kampa
INVESTMENT ASSOCIATE

Ventures Analyst at Plug & Play Ventures in Silicon Valley, prior to which worked at Latvian startup Mintos. Bachelor of Business Administration, Riga Business School. Future Leaders Academy 2020, Stockholm School of Economics in Riga.

Kärt Klein
Associate & Community Manager

Community management experience in Estonian startup ecosystem. Kärt holds BA in Public Management and 5+ years experience in strategic planning. MBA candidate in Estonian Business School. She will start managing community relationships and events, support the investment team with pre and post-investment research.

The investment team is supported in the USA by Fund I partner Edward Steiner, who, along with the late Harry Huge, was instrumental in the foundation and launch of Change Ventures.

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Harry Huge
FOUNDER AND GENERAL PARTNER

Honorary Consul for Estonia; Order of the Cross of Terra Mariana. Founder of the Harry and Reba Huge Foundation. Distinguished legal career, JD - Georgetown Law School.

LinkedInTwitter
Ed Steiner
PRINCIPAL AND GENERAL COUNSEL

Partner at Squire Patton Boggs LLP. U.S. top ranked lawyer with 30+ years as counsel to venture capital and private equity funds. Masters, Johns Hopkins, JD - Yale Law School.

LinkedInTwitter
Brent Comstock
CHIEF OPERATING OFFICER

Successful tech startup and digital agency exec. Experienced mentor and accelerator leader in U.S. and Europe. Dual degree from UNC — Chapel Hill and Duke University.

LinkedInTwitter

Investment Team

Andris K. Berzins
MANAGING PARTNER

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). Prominent Baltic startup ecosystem leader, co-founder of TechHub Riga and TechChill. MBA, Stanford Graduate School of Business.

LinkedInTwitter
Yrjö Ojasaar
INVESTMENT PARTNER

Tech-startup CEO, angel investor, venture advisor, public speaker. 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.

LinkedInTwitter
Rait Ojasaar
INVESTMENT PARTNER

Tech-entrepreneur, angel investor, mentor and advisor. Springboard / Techstars London Alumni. Founder and CEO of multiple tech startups, including Indilo Wireless (acquired by Mobi) and nodeSWAT. Managing Partner at angel investment & financial advisory firm Solon Partners. BA International Business, Estonian Business School.

LinkedInTwitter
Andris K. Berzins
MANAGING PARTNER

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). Prominent Baltic startup ecosystem leader, co-founder of TechHub Riga and TechChill. MBA, Stanford Graduate School of Business.

Yrjö Ojasaar
INVESTMENT PARTNER

Tech-startup CEO, angel investor, venture advisor, public speaker. 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.

Rait Ojasaar
INVESTMENT PARTNER

Tech-entrepreneur, angel investor, mentor and advisor. Springboard / Techstars London Alumni. Founder and CEO of multiple tech startups, including Indilo Wireless (acquired by Mobi) and nodeSWAT. Managing Partner at angel investment & financial advisory firm Solon Partners. BA International Business, Estonian Business School.

Finance Team

Change Ventures community

The Change Ventures investment team is supported by a broad community of founders, angel investors, limited partners and venture partners whom we collaborate with to find ambitious Baltic founders and to support them after investment.

Zane Kampa
Analyst

Ventures Analyst at Plug & Play Ventures in Silicon Valley, prior to which worked at Latvian startup Mintos. Bachelor of Business Administration, Riga Business School. Future Leaders Academy 2020, Stockholm School of Economics in Riga.

Zane Kampa
Analyst

Ventures Analyst at Plug & Play Ventures in Silicon Valley, prior to which worked at Latvian startup Mintos. Bachelor of Business Administration, Riga Business School. Future Leaders Academy 2020, Stockholm School of Economics in Riga.

Zane Kampa
Analyst

Ventures Analyst at Plug & Play Ventures in Silicon Valley, prior to which worked at Latvian startup Mintos. Bachelor of Business Administration, Riga Business School. Future Leaders Academy 2020, Stockholm School of Economics in Riga.

James Berdigans
Founder & CEO, Printify. Angel investor

James is the co-founder and CEO of Printify, the world's leading print-on-demand marketplace and also an active angel investor.

Mantas Mikuckas
Co-founder & former COO, Vinted. Angel investor

Mantas is the co-founder and former COO at Vinted, a social marketplace for pre-loved clothing, that became Lithuania's first tech unicorn. He is an active angel investor and Chairman of the Board of Unicorns.LT.

Rita Sakus
Angel Investor. EBAN & LitBAN board member

One of the Founding Members of LitBAN and a Board Member at EBAN, Rita is an active angel investor in Lithuania.

Jānis Krūms
Angel Investor & serial entrepreneur

Janis is a serial entrepreneur and angel investor in more than 50 companies. His most recent startup, Pomelo, is backed by Founders Fund.

Meeri Savolainen
CEO, INZMO

Meeri is the co-founder and CEO of INZMO, an full-stack insurtech startup for property insurance.

Martins Vaivods
Former Head of Strategy, Delivery Hero

Martins has worked as the Senior Director of Strategy at Delivery Hero and Head of Global Strategy at JOKR, leading financing and M&A transactions worth billions of dollars. Venture Partner at Change Ventures.

Vytautas Kubilius
Head of Baltics, Google

Vytautas is the Country Director for Google in Estonia, Latvia and Lithuania at Google and an active angel investor. Venture Partner at Change Ventures.

Ģirts Graudiņš
Former Director of Engineering at Twilio. Venture Partner at Change Ventures.

Girts is a serial Engineering leader of Silicon Valley startups. Two exits. Most recently Director of Engineering at Twilio. Startup advisor and angel investor. Venture Partner at Change Ventures.

Artis Kehris
Angel Investor. Co-founder of Printify

Artis, a co-founder at Printify, is now an angel investor. He is one of the founding members of BADideas.fund, an angel investor syndicate led by experienced founders and operators.

Mikus Opelts
Founder & CEO, Giraffe360

Mikus is the founder and CEO of Giraffe360, a hardware-as-a-service solution for real estate companies to streamline professional quality photography and high accuracy floor plan creation.

Jonė Vaitulevičiūtė
Partner, FirstPick accelerator

Jone is Managing Partner at FirstPick, a pre-seed accelerator in Lithuania.

The capital deployed by Change Ventures Fund II includes the Baltic Innovation Fund (BIF), an initiative created by cooperation between the Republic of Estonia, the Republic of Latvia, the Republic of Lithuania and the European Investment Fund.