Investors / Estonia / Thorgate Ventures
Thorgate Ventures
Venture capital · Tallinn, Estonia · Europe
Thorgate Ventures is the seed stage venture capital arm of Thorgate, making up to four hands-on investments per year. It provides up to EUR 50,000 per project along with mentorship, developers and advisors.
Invests inEnterprise Software
In its own wordsb2bsaasconstructionmanufacturingsecurityevents
Your fit with Thorgate Ventures
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsThorgate Ventures lists 15 checked portfolio companies on its own site. Its largest themes are Enterprise Software (21%), AI & Machine Learning (13%) and Industrial & Manufacturing (13%). 75% of its companies are based in Estonia. It invests most often alongside Lemonade Stand, Specialist VC and Buildit.
No funding round on record names Thorgate Ventures yet, so the figures come from its portfolio page.
Round figures show recent activity, not Thorgate Ventures' whole history. Rounds on record name 0 companies; its own site lists 15. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Enterprise Software | 21% | 8% |
| AI & Machine Learning | 13% | 18% |
| Industrial & Manufacturing | 13% | 7% |
| Fintech | 8% | 12% |
| Space & Defense | 8% | 3% |
| Education | 8% | 7% |
| Real Estate & Construction | 8% | 3% |
| Cybersecurity | 4% | 4% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Lemonade Stand | 4 |
| Specialist VC | 3 |
| Buildit | 2 |
| Karma Ventures | 2 |
| Superangel | 2 |
| BigSpace Investments | 1 |
| Contrarian Ventures | 1 |
| Metaplanet | 1 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 39th | 15 companies |
| Recent activity | 46th | 0 rounds in 12 months |
| Early stage | 54th | 0% of entries at pre-seed or seed |
| Evidence | 52th | 0% of companies confirmed by a round |
| Sector focus | 19th | 21% in its largest sector |
| Reach | 42th | 2 countries |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers15100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare Thorgate Ventures head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Portfolio
15 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Bilance provides a budgeting app for European banks | Fintech | Portfolio page | ||
| Brandpad enables you to share your brandbook and digital assets, organized and downloadable exactly in the style of your brand. | Media & EntertainmentEnterprise Software | Portfolio page | ||
| Coursy helps L&D leaders assign, track, and prove employee training | EducationEnterprise Software | Portfolio page | ||
| Cuploop provides smart return kiosks with instant deposit refund for reusable cups | Space & Defense | Portfolio page | ||
| Eziil provides steel fabrication management software for custom shops | Industrial & ManufacturingEnterprise Software | Portfolio page | ||
| Portfolio page | ||||
| GlobalReader provides real-time factory tracking and monitoring for SMEs in Europe | Industrial & Manufacturing | Portfolio page | ||
| Hepta provides various engineering and project management services, including high-voltage substation design and electrical network planning. | EducationIndustrial & Manufacturing | Portfolio page | ||
| Moderan provides property portfolio management software | Real Estate & Construction | Portfolio page | ||
| Patchstack prevents vulnerabilities from being exploited in websites | CybersecurityAI & Machine Learning | Portfolio page | ||
| Remato develops and provides construction management software | Real Estate & ConstructionEnterprise Software | Portfolio page | ||
| The company creates games and solutions with a focus on VR, PC cross-play, AI-driven NPCs, and cloud gaming. | Enterprise SoftwareGaming | Portfolio page | ||
| Waybiller provides a bulk transportation management system for end-to-end management of logistics operations | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| Wisby provides labels for craft beer, soft drinks, food, and other products | Food & AgricultureE-commerce & Marketplaces | Portfolio page | ||
| Xolo provides compliance, taxation, invoicing, and admin solutions for solo businesses | FintechSpace & Defense | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- thorgateventures.com
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Companies checked
- 15
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
Get Thorgate Ventures' profile as data
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