
Investments
47Portfolio Exits
1Funds
3About Change Ventures
Change Ventures is a venture capital firm. The firm seeks to invest in technology startups with a preference for B2B and SaaS businesses across Eastern Europe. The company was founded in 2016 and is based in Tallinn, Estonia.
Latest Change Ventures News
Nov 14, 2023
14 November 2023 Fyma brings AI and computer vision to any IP camera worldwide, helping with monitoring and occupancy analysis. It provides commercial real estate developers, asset owners and managers with property management through monitoring and occupancy analysis to precise footfall tracking and efficient parking management, as well as providing data for tenant experience apps. It's designed to be universally compatible, integrating with any IP camera worldwide. This reduces the need for additional hardware and infrastructure upgrades. The data can also integrate with ESG dashboards. This funding round is led by Quadri Ventures, alongside Second Century Ventures. The company will use the investment to fuel its go-to-market strategy as well as spearhead further product development through a dedicated research and development programme. This includes further enhancing its integrations with LLM providers to deliver seamless insights without needing to build custom dashboards and further utilising generative AI tools to teach its AI to detect new objects in shorter amounts of time. Karen Burns, CEO of Fyma, shared: "It is a really exciting time for Fyma, and we are delighted to have secured the support of Quadri Ventures, SCV and VeUP to continue our growth journey. Our innovative AI solution saves enormous amounts of time and money for our customers, and armed with this investment, technological support and the fantastic strategic network of SCV, we will continue to develop our solutions to deliver valuable, market-leading software for our global client base." Read the full news on TechEU
Change Ventures Investments
47 Investments
Change Ventures has made 47 investments. Their latest investment was in Drovo as part of their Series A on October 10, 2023.

Change Ventures Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
10/24/2023 | Series A | Drovo | $3.67M | Yes | 1 | |
7/7/2023 | Seed VC | Algori | $3.5M | Yes | Flashpoint Venture Capital, Jared Schrieber, Shilling VC, and Undisclosed Angel Investors | 2 |
6/11/2023 | Seed VC | Formaloo | $2.17M | Yes | 5 | |
4/21/2023 | Unattributed VC - II | |||||
2/14/2023 | Pre-Seed |
Date | 10/24/2023 | 7/7/2023 | 6/11/2023 | 4/21/2023 | 2/14/2023 |
---|---|---|---|---|---|
Round | Series A | Seed VC | Seed VC | Unattributed VC - II | Pre-Seed |
Company | Drovo | Algori | Formaloo | ||
Amount | $3.67M | $3.5M | $2.17M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | Flashpoint Venture Capital, Jared Schrieber, Shilling VC, and Undisclosed Angel Investors | ||||
Sources | 1 | 2 | 5 |
Change Ventures Portfolio Exits
1 Portfolio Exit
Change Ventures has 1 portfolio exit. Their latest portfolio exit was Nordigen on July 01, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
7/1/2022 | Acquired | 4 |
Date | 7/1/2022 |
---|---|
Exit | Acquired |
Companies | |
Valuation | |
Acquirer | |
Sources | 4 |
Change Ventures Fund History
3 Fund Histories
Change Ventures has 3 funds, including Change Ventures Fund II.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
2/8/2022 | Change Ventures Fund II | $55.95M | 4 | ||
10/17/2017 | Change Ventures Fund I LP | ||||
Change Ventures Fund III |
Closing Date | 2/8/2022 | 10/17/2017 | |
---|---|---|---|
Fund | Change Ventures Fund II | Change Ventures Fund I LP | Change Ventures Fund III |
Fund Type | |||
Status | |||
Amount | $55.95M | ||
Sources | 4 |
Change Ventures Team
4 Team Members
Change Ventures has 4 team members, including current Managing Partner, Andris K. Berzins.
Name | Work History | Title | Status |
---|---|---|---|
Andris K. Berzins | Walkbase, BuzzTale, HackFwd, Bookatable, AeroScout, and Bain & Company | Managing Partner | Current |
Name | Andris K. Berzins | |||
---|---|---|---|---|
Work History | Walkbase, BuzzTale, HackFwd, Bookatable, AeroScout, and Bain & Company | |||
Title | Managing Partner | |||
Status | Current |
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