Specialist VC (formerly United Angels VC) is a Tallinn-based early-stage venture capital firm investing in startups from Estonia, Latvia, Lithuania, Finland and Ukraine. It combines traditional early-stage investing with secondary transactions, focusing on B2B, SaaS, fintech, platforms, software-enabled hardware, Web3 and deep tech.
Deal activity decreased year-over-year (1 deal in the last 12 months vs 2 prior). Average disclosed round size is $4.9M (across 7 rounds with reported amounts).
Portfolio
31
Fund Size
$53M
Top Stage
Seed
Last 12 Mo
1
Team
GK
Gerri Kodres
founding partners of United Angels Fund I
RA
Riivo Anton
founding partners of United Angels Fund I
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
37 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Copla | Series A | $6.3M | Feb 2026 |
 Vokbikes | Series A | — | Jul 2025 |
 AIATELLA | Seed | — | Jun 2025 |
| CCyberUpgrade | Seed | $650K | Jan 2025 |
| AIATELLA | Unknown | — | Jan 2025 |
 Certific | Series A | — | Sep 2024 |
 SensusQ | Unknown | — | Feb 2024 |
 Agileday | Pre-Seed | — | Jun 2023 |
 Vool | Seed | — | Feb 2023 |
 Flowstep | Pre-Seed | — | Jan 2023 |
 Yaga | Unknown | — | Nov 2022 |
 Fooddocs | Unknown | — | Feb 2022 |
| Certific | Seed | — | Jan 2022 |
 Fractory | Series A | $9M | Sep 2021 |
 LightCode Photonics | Pre-Seed | — | May 2021 |
 Grünfin | Unknown | — | Jan 2021 |
| VVumonic Datalabs | Pre-Seed | — | Jul 2019 |
| Vool | Seed | $1.4M | — |
| Agileday | Series A | — | — |
 Agileday | Series A | — | — |
 Banani | Pre-Seed | — | — |
 Cybexer | Growth | — | — |
| VVocal Image | Seed | $3.6M | — |
 LEIL | Seed | — | — |
 Value.Space | Seed | — | — |
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Top Co-Investors
Startup Wise Guys8 shared
Superangel5 shared
Superhero Capital5 shared
Business Finland5 shared
FIRSTPICK5 shared
Trind Ventures4 shared
private angel investors4 shared
NGL Ventures4 shared
GL Ventures3 shared
Iron Wolf Capital3 shared
Vendep Capital3 shared
Newion3 shared
Lemonade Stand3 shared
Metaplanet2 shared
Karma Ventures2 shared
Forward Partners2 shared
Bonnier Capital2 shared
Tera Ventures2 shared
Angel Invest2 shared
Tera2 shared
Last updated: 20 October 2026