Trind Ventures

Trind Ventures (Trind VC) is an early-stage venture capital firm founded in 2016 and headquartered in Tallinn, Estonia, with additional offices in Helsinki and Munich. The firm backs European software startups that have a strong consumer or community component, including marketplaces, consumer tech and B2B companies pursuing product-led growth, and it makes metrics-driven decisions favouring enthusiastic teams, community-driven business models and defensible competitive positions, willing to lead. Trind typically invests between EUR 100,000 and EUR 1 million in seed and early-revenue-stage companies, with follow-on capacity of up to EUR 5 million per company. Although the firm's brand dates to 2016, its partners have worked together since 1999 and include figures who were early business angels and co-founders of LHV bank and New Economy Ventures, the first VC fund in the Baltics; partner Ivar Siimar is widely regarded as the father of the Baltic angel movement and a founder and former president of the Estonian Business Angel Network. In September 2022 the firm closed its second fund at EUR 55 million, backed by institutional investors including the European Investment Fund and Finnish Industry Investment (Tesi), targeting 30 to 40 startups over four years. Across its funds Trind has invested in more than 70 companies, with notable portfolio names including Neural DSP, Ready Player Me (acquired by Netflix in December 2025) and Nordcloud (exited). Key partners include Joel Aasmäe, Ivar Siimar, Taavi Lepmets, Kimmo Irpola and Reima Linnanvirta. Trind pairs deep Baltic angel heritage with a metrics-driven, consumer-and-community software thesis.