# Pinorena Capital

Pinorena Capital is a Private Equity based in Tallinn, Estonia.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Tallinn, Estonia
- **Region:** Europe
- **Address:** Tallinn, Estonia
- **Assets under management:** Undisclosed
- **Website:** www.pinorena.com

## Regulatory record

- **Reports private funds:** No

## About

Pinorena Capital invests in Fintech companies founded by engineers and entrepreneurs. The firm has experience growing global businesses and assists its technology-heavy portfolio companies in scaling their operations. Pinorena Capital has made 7 investments, including a Series A - II investment in Bisly on August 06, 2025.

## Sectors

- FinTech
- AI/ML
- PropTech

## People

- Illimar Mattus — Founder

## Questions

### Who runs investment decisions at Pinorena Capital?

Illimar Mattus, Pinorena's founder, drives investment decisions. His two decades in investment banking, brokerage, and venture capital inform the firm's concentrated fintech bets (per the firm). Pinorena does not list an investment committee or external CIO.

### Does Pinorena Capital participate in fund commitments or only direct deals?

Pinorena engages in both direct company investments and co-investments alongside firms like Ventura Capital, as well as commitments to Faraday Venture Partners-managed funds (per the firm).

### Which sectors does Pinorena Capital explicitly avoid?

Pinorena's confirmed portfolio is overwhelmingly fintech, with a single prop-tech investment (Bisly). The firm's materials do not list explicit sector exclusions, but no healthcare, deep tech, or hard science positions are disclosed.

### What is Pinorena Capital's posture on co-investments alongside external GPs?

Pinorena actively co-invests alongside external general partners — the firm cites Ventura Capital, a pre-IPO specialist, as a co-investment partner, and also commits to Faraday Venture Partners' funds (per the firm).

## Related profiles

- [Pinnacle West Capital Corporation Retirement Plan](https://altss.com/profile/pinnacle-west-capital-corporation-retirement-plan)
- [PINOVA Capital](https://altss.com/profile/pinova-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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