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Change Ventures company logo
Venture Capital
changeventures.com

Investments

47

Portfolio Exits

1

Funds

3

About 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.

Headquarters Location

Valukoja 8/2

Tallinn, 11415,

Estonia

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Latest Change Ventures News

Superangel’s and Change Ventures’ portfolio company Fyma raises $2.1M to advance AI in real estate management

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.

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Change Ventures Investments Activity

investments chart

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

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$99M

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10

2/14/2023

Pre-Seed

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$99M

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10

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

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Amount

$3.67M

$3.5M

$2.17M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Flashpoint Venture Capital, Jared Schrieber, Shilling VC, and Undisclosed Angel Investors

Sources

1

2

5

10

10

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

$99M

4

Date

7/1/2022

Exit

Acquired

Companies

Valuation

$99M

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

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$99M

10

Change Ventures Fund III

10

Closing Date

2/8/2022

10/17/2017

Fund

Change Ventures Fund II

Change Ventures Fund I LP

Change Ventures Fund III

Fund Type

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Status

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Amount

$55.95M

$99M

Sources

4

10

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

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Name

Andris K. Berzins

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Work History

Title

Managing Partner

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Status

Current

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