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Specialist VC
Specialist VC is a venture capital fund supporting forward-thinking founders from Estonia, Latvia, Lithuania, Finland and Ukraine. Main focus is pre-seed to...
Specialist VC
Specialist VC is a venture capital fund supporting forward-thinking founders from Estonia, Latvia, Lithuania, Finland and Ukraine. Main focus is pre-seed to Series A, with secondaries in A+ and ticket sizes up to 3m. They mainly invest in B2B, SaaS, fintech, platforms, software enabled hardware and deep tech, and have backed over 80 companies.
General information
Firm type
Private Equity
Year founded
2017
Location
Region
Europe
Country
Estonia
City
Tallinn
Corporate office
Tallinn, Estonia
Principals
Riivo Anton
Founding Partner
Gerri Kodres
Founding Partner
Kaspar Hanni
Partner
Karina Univer
Investment Manager
Samela Kivilo
Investment Manager
Oliver Strastin
Associate
Liisa Pent
Finance and Operations Specialist
Tõnu Esko
Venture Partner and Scientific Advisor
Sector focus
Frequently asked questions
Who runs investment decisions at Specialist VC?
Founding partners Gerri Kodres and Riivo Anton lead deal sourcing, analysis, and portfolio management. Kaspar Hanni, a partner and former Angel of the Year awardee, handles deal structuring and monitoring. All three sit on the investment committee, supported by two investment managers who cover pipeline origination and post-investment support.
How does Specialist VC source proprietary deal flow?
The firm's LP base functions as a de facto sourcing network. Limited partners are founders and early employees of fast-growth Baltic and Nordic tech companies, including Wise, Bolt, Vinted, Slack, and Pipedrive. They refer founders, signal market shifts, and occasionally co-invest, giving Specialist VC early visibility on talent and company formation in the region.
Does Specialist VC operate as a fund or an angel syndicate?
It operates as both. The partnership began as an angel syndicate in 2013 and has since raised two formal venture funds. Direct investments flow through the fund structures, while the syndicate track record continues to influence deal access and reputation among Baltic founders.
Where does Specialist VC's capital come from?
The LP base consists of founders and early employees from regional tech success stories such as Veriff, Wise, Bolt, Slack, Pipedrive, F-Secure, Kilo.Health, and Vinted. This operator-led model means the firm's capital is heavily concentrated among individuals who built and scaled tech companies in the same geography.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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