Change Ventures

Change Ventures is a prominent seed-stage venture capital firm with a strong focus on the Baltic states. The firm is dedicated to backing ambitious founders from Estonia, Latvia, or Lithuania, as well as the Baltic diaspora globally. They provide crucial pre-seed and seed capital, with initial investments typically ranging from €100,000 to €750,000. Beyond capital, Change Ventures offers hands-on support to help portfolio companies achieve product-market fit and connects them with a deep network of later-stage investors and partners to facilitate global scaling.

Founded in 2016, Change Ventures was established with the mission to cultivate and support the burgeoning startup ecosystem within the Baltic region. The firm's inception aimed to address the need for early-stage funding and strategic guidance for local founders, empowering them to develop innovative businesses with international potential. Key figures in the firm's leadership include Managing Partner Andris K. Berzins and Investment Partners Rait Ojasaar and Yrjo Ojasaar, who bring a wealth of experience to the investment process.

The firm's portfolio showcases a diverse range of technology-driven companies across various sectors. Notable investments include Saltz, a European fresh products marketplace, and Handhold, which develops AI agents for tailored product demonstrations. Other significant portfolio companies feature Cloud Factory, specializing in 3D printed jewelry services; Veriff, an AI-based identity verification software; Aerones, known for robotic wind turbine inspection and maintenance; Printify, a leading print-on-demand marketplace; and Planet42, offering fintech solutions for the underbanked.

The Change Ventures team is composed of seasoned entrepreneurs, investors, and advisors with extensive experience in both the Baltic and international startup landscapes. The partners and venture partners contribute diverse expertise, having held C-level positions in successful startups, acted as active angel investors, and played pivotal roles in developing the regional startup community. This collective experience, combined with a broad network of industry contacts, enables Change Ventures to provide comprehensive support and strategic insights to its portfolio companies.