Thorgate Ventures

Thorgate Ventures is the dedicated seed-stage venture capital arm of Thorgate, an established Estonian software development company. Based in Tallinn, Estonia, the firm focuses on investing in scalable B2B solutions, particularly B2B SaaS companies, that demonstrate strong potential for global market penetration. Thorgate Ventures distinguishes itself through its "smart money" approach, aiming to be more than just a capital provider by offering hands-on operational support.

The firm's investment strategy centers on leveraging Thorgate's deep expertise in product development, engineering, and business scaling. They actively engage with their portfolio companies, providing strategic guidance, technical assistance, and access to their extensive network. This hands-on involvement is designed to help early-stage companies overcome common challenges, accelerate their product-market fit, and achieve rapid growth.

Thorgate Ventures typically deploys initial checks ranging from €100,000 to €300,000 (approximately $108,000 to $324,000 USD), with the flexibility to participate in follow-on rounds up to €500,000. Their portfolio showcases a strong track record of backing promising Estonian and Baltic startups that have gone on to achieve significant milestones, including companies like Scoro, Tuum, Xolo, and early investments in Veriff. As of early 2024, Thorgate Ventures has made over 20 investments and recorded 2 reported exits, underscoring their commitment to fostering innovation within the B2B technology sector.