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Venture Capital
changeventures.com

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Investments

33

Funds

2

About Change Ventures

Change Ventures backs Baltic startups and entrepreneurs, investing up to $500,000 in seed stage technology startups.

Change Ventures Headquarter Location

Pärnu mnt 139c

Tallinn, 11317,

Estonia

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Latest Change Ventures News

Estonian hiring and relocation platform Werk raises USD1.3 million

May 19, 2022

Estonian startup Werk, a platform that enables companies to hire skilled and vetted migrant construction workers, handling everything from recruitment, verification and relocation, has raised a USD1.3 million pre-seed round led by Change Ventures, one of the leading early-stage funds in the Baltics. The company says it brings transparency to the “often exploitative world of cross-border blue collar contracting; supporting workers relocating to other countries by automating paperwork and visa documentation, and only works with companies that guarantee they will provide workers with the same payment terms, treatment, and protection conditions as they would if they were a local”. “For contractors, once they input the skills they require on-site, the platform uses AI to match them with suitable, high-skilled workers who have been vetted by industry experts. Once the worker has been hired, Werk handles HR and payroll too,” the company said. With recent 20% month-on-month growth, the startup has already reached over 2,000 verified and vetted construction workers and has customers within Estonia, Finland, Sweden and Denmark. Continue reading Estonian hiring and relocation platform Werk raises USD1.3 million at Estonian World.

Change Ventures Investments

33 Investments

Change Ventures has made 33 investments. Their latest investment was in Werk as part of their Pre-Seed on May 5, 2022.

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Change Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/17/2022

Pre-Seed

Werk

$1.3M

Yes

3

4/28/2022

Seed VC - III

Aerones

$9M

No

2

4/27/2022

Series A

Eurora

$40M

No

3

4/6/2022

Pre-Seed

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$99M

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10

12/21/2021

Series A

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$99M

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10

Date

5/17/2022

4/28/2022

4/27/2022

4/6/2022

12/21/2021

Round

Pre-Seed

Seed VC - III

Series A

Pre-Seed

Series A

Company

Werk

Aerones

Eurora

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Amount

$1.3M

$9M

$40M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

3

2

3

10

10

Change Ventures Fund History

2 Fund Histories

Change Ventures has 2 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

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$99M

10

Closing Date

2/8/2022

10/17/2017

Fund

Change Ventures Fund II

Change Ventures Fund I LP

Fund Type

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Status

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Amount

$55.95M

$99M

Sources

4

10

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

Managing Partner

Current

Rait Ojasaar

Investment Partner

Current

Yrjo Ojasaar

Investment Partner

Current

Yrjo Ojasaar

GameFounders, Publification, Tehnopol Startup Incubator, Braggone, and Oppenheimer & Co.

Investment Partner

Current

Name

Andris K. Berzins

Rait Ojasaar

Yrjo Ojasaar

Yrjo Ojasaar

Work History

GameFounders, Publification, Tehnopol Startup Incubator, Braggone, and Oppenheimer & Co.

Title

Managing Partner

Investment Partner

Investment Partner

Investment Partner

Status

Current

Current

Current

Current

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