Change Ventures

Venture Capital · Tallinn, Estonia

Founded in 2017, Change Ventures is the largest pan-Baltic pre-seed and seed fund, backing ambitious founders across Estonia, Latvia, and Lithuania as well as Baltic diaspora entrepreneurs worldwide. Managed by Andris K. Berzins and a team with over 45 years of combined operating experience, the firm closed its €49M Fund II — the largest seed VC fund ever raised in the Baltic States — supported by the European Investment Fund's Baltic Innovation Fund. The firm invests €400K–€3M in B2B and SaaS technology startups, with a strong focus on the Baltic region's next-generation founders. Fund III of €20M doubled down on pre-seed, cementing Change Ventures as the defining early-stage regional franchise.

https://www.changeventures.com