# Specialist VC

Specialist VC is a Private Equity based in Tallinn, Estonia.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Tallinn, Estonia
- **Region:** Europe
- **Address:** Tallinn, Estonia
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** specialist.vc
- **LinkedIn:** https://www.linkedin.com/company/specialistvc

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Enterprise Software
- FinTech
- Deep Tech
- Mobility & Transportation
- AI/ML
- HealthTech

## People

- 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

## 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.

## Related profiles

- [Speciale Invest](https://altss.com/profile/speciale-invest)
- [Special Operations Warrior Foundation](https://altss.com/profile/special-operations-warrior-foundation-sowf)

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Last updated: 2026-08-11T15:08:11.274Z

Canonical page: https://altss.com/profile/specialist-vc

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