Recent Funding
Investors
Change Ventures

Change Ventures portfolio

Change Ventures has 4 portfolio companies on record at Recent Funding.

Website: changeventures.com.

Type: Venture capital.

Portfolio on Recent Funding: 4.

Deals, last 12 months: 0.

Rounds led: 2 of 5.

Capital in their rounds: $73M.

Latest deal: Aerones · Jan 16, 2023.

About this page

It is a venture capital firm based in Tallinn, EE, founded in 2016. It led 2 of the 5 rounds it joined. Its most recent investment on record is Aerones's $30M Series A round in January 2023, alongside Blume Equity, Metaplanet Holdings, Pace Ventures and 4 others. By category, its portfolio leans toward Fintech (2) and Robotics and hardware (1). It has co-invested with Pace Ventures, Future Positive and Mantas Mikuckas, most often Pace Ventures (2 rounds).

About Change Ventures

Firm type: Venture capital.

Headquarters: Tallinn, EE.

Founded: 2016.

Stages: Pre-Seed, Seed.

Sectors: Sector Agnostic.

Check size: $100K to $750K.

Leads rounds: Yes.

Portfolio companies: 50.

Exits: 0.

Rounds led: 0.

What Change Ventures invests in

Fintech · 2 · 50%
Robotics and hardware · 1 · 25%
Climate and energy · 1 · 25%
Manufacturing and industrial · 1 · 25%
Lending and credit · 1 · 25%
Real estate and construction · 1 · 25%
Legal and compliance · 1 · 25%
Cybersecurity · 1 · 25%

Change Ventures recent investments

Company	Round	Date	Alongside
AAerones	Series A · $30M	Jan 16, 2023	Blume Equity, Metaplanet Holdings, Pace Ventures +4
AAerones	Seed · $9M · lead	Apr 28, 2022	Capitalia, James Berdigans, Pace Ventures +6
PPlanet42	Seed · $30M	Dec 21, 2021	Naspers Foundry (lead), Martin Villig, Ragnar Sass +2
AAerones	Seed · $1.6M	Jun 16, 2020	Y Combinator, Sensum Grupa, Paul Buchheit +1
PPlanet42	Seed · $2.4M · lead	Jun 16, 2020	Marko Virkebau (lead), Kristjan Vilosius, Martin Villig +2

How Change Ventures invests

Stage	Deals	Capital in rounds
Seed	4 80%	$43M
Series A	1 20%	$30M

Year	Deals	Capital in rounds
2020	2 40%	$4M
2021	1 20%	$30M
2022	1 20%	$9M
2023	1 20%	$30M

Change Ventures portfolio companies

AAerones$30MSeries A · Jan 2023
PPlanet42$30MSeed · Dec 2021
VVeriffbacker
MMonetizrbacker

Company	Round with Change Ventures	Total raised	Latest raise
AAerones Robotics and hardware	Jan 16, 2023 Series A · $30M	$100.6M	Jun 3, 2025 round
PPlanet42 Lending and credit	Dec 21, 2021 Seed · $30M	$132.4M	Feb 22, 2023 round
VVeriff Legal and compliance	backer	$176.7M	Jan 26, 2022 Series B+
MMonetizr Sales and marketing	backer	undisclosed	Oct 19, 2026 Seed

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Fintech).

How this is counted

Firm profile: Fundraising Fox Open Dataset v2026-09, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Share is of the 5 rounds on Recent Funding that name Change Ventures. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists Change Ventures, which is a subset of its real portfolio. API: /api/v1/investors/change-ventures (get a free API key). More: the most active VC firms and new venture capital funds.