Aerones is the world’s leading robotic wind turbine blade inspection, maintenance and repair system. This Latvian team graduated YCombinator and has the largest wind turbine industry players as customers, aiding their quest to make the wind energy industry more efficient.

Printify is the world's leading print-on-demand marketplace, enabling over 2 million merchants worldwide to launch merchandise stores fulfilled by supplier partners in over 100 locations across the globe, without the need to purchase any inventory in advance of a purchase by a consumer. This marketplace model ensures Printify provides the broadest product selection - over 370 product types - for its merchant partners.

Veriff is a global identity platform helping businesses build trust online. Their AI-native technology combines automation and human expertise to quickly and accurately verify users worldwide with minimal friction. Trusted by leading companies like Bolt, Bumble, Deel, Instacart, Monzo, Starship, Trustpilot, Uber, and Western Union across finance, marketplaces, mobility, gaming, and other industries. Their trust infrastructure helps businesses stay compliant, prevent fraud, protect users, and scale globally, enabling a safer, more transparent internet for everyone. A YCombinator startup, they are backed by Accel Partners, IVP, Tiger Global, Mosaic Ventures and Change Ventures.

Modash builds suite of tools that redefine how high growth brands manage influencer partnerships.

Saltz is a European fresh products marketplace connecting food producers and sellers to restaurants, hotels and retail buyers. Buyers can now procure fresh products without middlemen or distributors, and enjoy a broader assortment, lower prices and fresher products. The company was co-founded by Andrius and Tomas Šlimas, who exited Oberlo to Shopify a few years ago, along with Reinis Strodahs, a 20 year veteran of the European restaurant supply industry. Change Ventures joined the seed round led by Lifeline Ventures, with Illusian, Miki Kuusi (co-founder of Wolt), Mantas Mikuckas (co-founder of Vinted) and Rytis Vitkauskas (Partner, Dig Ventures) also joining.

Handhold builds AI agents that give tailored product demos to inbound prospects, 24/7. Handhold agents have a conversation with your prospects, boosting engagement by 35%+ and yielding double-digit conversion rates.

Latvia-based AM Craft delivers certified, 3D-printed aircraft parts globally, to clients such as Finnair. AM Craft's vision is to enable low-cost, rapid sourcing of a large IP library of parts, delivered sustainably by local certified manufacturing hubs around the world, thereby massively increasing the use of additive manufacturing in spare parts. This huge industry still largely relies on traditional manufacturing methods, leading to massive supply chain challenges and an inability to hit sustainability goals. AM Craft already has the ability to deliver from hubs in Riga, Dubai and Singapore. The round was led by Change Ventures, with our friends BadIdeas.Fund joining.

Origin Robotics delivers a drone-launched precision weapons system that fills the gap between FPV and loitering munitions, which are cheap but with a low mission success rate, and today's expensive NATO missile systems, as well as, more recently, a counter-UAS system. This battlefield tested system is the first of their products for the modern battlefield. Co-founded by the team that built the world's leading action sports drone a decade ago, they have turned their attention to the urgent need for small, man-portable, precision weapons that have a high mission success rate and don't require expensive launch systems. Change Ventures led the recent funding round along with Silicon Roundabout Ventures.

Giraffe360 enables real estate brokers and agents to produce stunningly beautiful photographic content for listings, leveraging the firm’s unique robotic camera to produce virtual tours, still images and accurate floor plans easily. This hardware-as-a-service company, backed by Founders Fund and Hoxton Ventures among others, enables real estate agents and realtors to scale production and expand sales and marketing.

Cloud Factory helps creators, brands and artists launch and sell their own branded 3D printed jewelry merchandise.

Monetizr provides an advertising and experience platform for gaming that enables brands to market to consumers with unprecedented levels of engagement. This startup, a graduate of TechStars, has spent years understanding how to build interactive advertising into casual game play and have secured top global brands as customers including FMCG powerhouse Proctor & Gamble brands such as Tide, Downy and Charmin. Brands now have a new channel to access the large and increasing portion Gen Z and female gaming audiences.

Trace.Space is building an AI-native productivity platform for engineers building complex hardware products in automotive, industrial, aerospace, and defense. The initial focus is on creating a 10X improvement in requirements management through: AI-enhanced workflows, effortless authoring, and efficient real-time collaboration.

BirdyChat is the modern chat app for professionals. It lets you start a chat with anyone using their work email, creating a focused space to share ideas, collaborate, and grow your network. Designed for work but built with the simplicity of a personal messenger, BirdyChat makes professional conversations feel effortless. Waitlist available to get the app on iOS, with Android coming early 2026. BirdyChat is led by one of the successful serial founders from our portfolio, Rolands Mesters (ex-GoCardless), along with his co-founder, Martins Spilners (ex-saas.group).

AggregateMarkets is an online marketplace for ordering bulk materials like sand, gravel, topsoil, limestone and mulch online, with transparent pricing and fast delivery. They operate across Indiana, Kentucky, Tennessee, Alabama, and Georgia, connecting homeowners, contractors, and businesses directly with local quarries and truckers. No more phone calls, no vague quotes—just simple, reliable bulk material sourcing. Having built a successful marketplace in Estonia, this founding team has launched in the USA.

Certific is a doctor-patient communication and clinical data capture platform that has served more than 110 clinics, over 900 clinicians, and 300,000 patients since its launch in January 2023. Certific’s mission is to alleviate the burden on the healthcare system caused by inefficient administrative processes and, in the future, to enable breakthrough healthcare solutions through the smart use of health data.

Evergrowth's agentic go-to-market workspace enables revenue teams to collaborate and win with AI-powered teammates, breaking down silos and helping B2B teams grow smarter with fewer resources. Evergrowth is the antithesis of the “AI-SDR” or spray-and-pray approach. Their platform enables real, strategic customer conversations by helping teams cherry-pick the highest-potential companies and most relevant contacts, ensuring every outreach is highly personalized and designed for meaningful business impact. The company was co-founded by B2B sales leader JB Daguené, who spent more than a decade providing outsourced go-to-market services, until it became clear that the entire workflow can be re-invented using AI.

Formaloo is a no-code collaboration platform that helps businesses create custom data-driven business applications and internal tools, automate their processes and engage their audience. They help over 27,000 businesses every day to collect, organize and understand their data. Formaloo helps teams collaborate and go from idea to execution in no time. Formaloo provides drag-and-drop tools that enable businesses to develop software quickly without coding and with database infrastructure and drag-and-drop components to quickly assemble and design powerful applications and internal tools. This Iranian team left their home country and set up shop in Estonia to launch the business from there, becoming Change Ventures first Baltic founder investment with all the team being immigrant founders. We are excited to lead the funding round, along with Hyde Park Ventures (their first ever European investment), Startup Wise Guys, Mana Ventures and other angel investors.

Complok is an AI-driven SaaS solution that liberates compliance teams from the grind of manual tasks and enables them to focus on what humans do best – making nuanced & strategic decisions. They give financial institutions access to a platform that equips their compliance officers with automated workflows and a single source of truth, allowing them to get a clear overview of compliance risks & status, reduce errors, and save up to 80% of their time on repetitive tasks. Complok was founded by Mari-Liis Kurg, a compliance veteran from ING Bank, Nordea and SEB, along with Maarja-Liisa Soe. Change Ventures backed this team alongside TechStars, Emerging 500 and angel investors.

World's leading remote interpretation platform, enabling complex multi-lingual meetings online or hybrid online/offline. Used by the world's top political leaders and institutions such as the UN and European Parliament, as well as corporate clients such as Microsoft and JP Morgan. Backed by Storm Ventures and Eight Roads in a record-breaking $31M Series A round in 2021.

Gelatex has developed a high-capacity and scalable nanofiber manufacturing technology that is used to make edible 3D scaffolds for the cultured meat industry.

Auditry is the only developer-first, system-level compliance solution built with regulatory requirements in mind. The advent of AI will change the world of software and business and will inevitably, at some point, be increasingly regulated. Developers hate regulation, and dev teams get slowed down when they have to go back and rebuild audit trails and data for compliance. Auditry's solution will enable them to bulid compliance into their AI products as they develop. Change Ventures was excited to lead the angel round, backing an Oxford/Cambridge founder duo that we know for years.

Teamdash's built-in recruitment, applicant tracking, asynchronous video interview and marketing allow customers to create extraordinary hiring experiences. Formerly named Recruitlab.

GoCardless, the global leader in direct bank payments, has announced it will acquire Nordigen, the freemium open banking data provider, as it builds on its vision to become the world’s bank payment network. GoCardless will incorporate Nordigen’s next-generation open banking connectivity -- offering the widest coverage in Europe, connecting to more than 2,300 banks in 31 countries -- into its account-to-account network.

Outvio’s e-commerce fulfilment process helps shop owners grow sales and optimize costs. Their shopper centric solution enhances overall user satisfaction, brand loyalty and repeat purchases. An enterprise-grade solution with consumer-like UX, made for SME e-commerce operators.

Inspectle Food is a platform for conducting regular hygiene inspections in GFSI-certified food production plants that help to solve non-conformities faster and save the quality team time due to automatically generated reports and user-friendly interface.

Werk is building a global blue-collar migration hub for skilled construction workers - jobs, relocation, community. In recent years Ukraine, Belarus and Russia supplied the majority of blue-collar labour workers for European construction sites. The paperwork, visa documentation and negotiations involved in relocating these workers have never been systematised or automatised, causing headaches for both workers and employers. Werk brings transparency to the world of cross-border blue-collar contracting; supporting workers relocating to other countries by automating paperwork and visa documentation, and only working with companies that guarantee they will provide workers with the same payment terms, treatment and protection conditions as they would if they were a local.

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.

Memby is Europe's first one-to-many tutoring platform, with a mission to help struggling school students to stay consistent in after-school studies. They provide an online learning platform that provides engagement-oriented real-time large group lessons, making after-school tutoring 5x cheaper and providing engaging, top-notch tutors available for everyone. Memby launched in Lithuania just one year ago and has become the largest informal education provider in the country with 3,500 students learning 24 subjects. Greece and Poland are the next markets to launch.

99math is a free tool for teachers and schools to engage students and it works as a platform for game-based math practice. Over 1 million children have played 99math games and improved their math skills to date. In June 2022, Play Ventures led a $2.1M seed round to help the company scale the business.

The world's leading dog training app is a Berlin-headquartered Lithuanian-Estonian led team giving dog owners a companion app to help them build a great relationship with their pet. Unlike expensive and inconvenient dog training classes, this app provides step-by-step training for your dog with personalized feedback from professional trainers. Winner of coveted awards from both Google and Apple, Dog is used by 4M dog parents all over the world, available in 12 languages.

Fyma's custom-built AI vision system is specifically trained to predict the behaviours within urban technology environments using computer vision, offering clients an easy self-service solution for creating alerts and actions driven by behaviours in CCTV camera footage, without the need to employ a data scientist.

Berlin-headquartered insurtech INZMO aims to simplify the insurance process with its full-stack platform combining all steps from purchasing a policy to filing a claim in a user-friendly, digital-first manner. The startup focuses on B2B2C solutions across multiple verticals from consumer electronics and bike insurance to rental deposit insurance.

FanSifter is a fan data management platform to help rights-holders in music, entertainment, and sports increase sales of tickets, music, etc

Algori is an FMCG data analytics & AI company with a mission to unlock the value of SKU-level purchase data. The Promos consumer app enables the company to crowd-source, capture, structure and analyze consumer shopping basket data without retail POS integration. The Algori service provides FMCG brands and retailers with a single consumer picture across all retail outlets for pricing intelligence, retailer audit, consumer analytics, rapid feedback collection and surveying, promotion analytics and optimization.

Timbeter is a forest tech company specializing in timber measurement and data management using artificial intelligence and machine learning. The company's aim is to make forestry more sustainable, one log at a time. Using your smartphone or tablet, you can measure log diameters, log count and log pile density in minutes.

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

Robot Muralist 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.

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.

KWOTA is building a global standard to validate and trade carbon emissions savings from using recycled materials in production. 51% of total carbon emissions is caused by material production. Using recycled materials in production will significantly reduce carbon emissions. Today only 8,6% of materials produced is recycled back to production.

Drovo is a UK-based programmatic transit advertising platform. Its proprietary software platform pairs vehicle owners with advertisers to deliver highly targeted and measurable out-of-home (OOH) advertising and digital engagement campaigns. Drovo provides advertisers with the ability to brand taxis, commercial fleet vehicles, and private cars using dynamic digital screens, typically mounted on the roof. Its technology goes beyond traditional outdoor advertising, as the displays can be adapted in real-time, allowing a product to be advertised based on the location of the vehicle. Drovo has a growing client base that includes Deliveroo, Paco Rabanne, Uniqlo, and American Express.

Humansapp is a community of humans you’ll like. Humans like you. A consumer app for finding and building friendships. Co-founded and led by Justas Janauskas, former CEO and co-founder of Vinted.

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.

Eurora is the leading provider of tax compliance solutions for the regulatory challenges of cross-border trade into the EU, a market accelerated by the changes in VAT declaration requirements as of July 2021. Leveraging Estonia's leadership and experience in e-government digital services, they deliver critical services to logistics providers, postal operators and e-commerce sellers, including HS code allocation, duty and tax calculations, electronic declarations, and label & tracking. Some of China's largest e-commerce players such as JD.com, UBI and TopYou are among their customers.

AskRobin's marketplace connected more than 1 million consumers in Latin America with over 200 entities offering financial products. Led by Rain Sepp, former CMO of Credit24, askRobin is improving financial inclusion in Mexico and other Latin American markets.