Silicon Valley-style venture capital seed investor with boots on the ground in all three Baltic States

Backing:

€100-750k in pre-seed and seed capital initial investments, along with follow-on capital in later rounds, hands-on support to reach product-market fit and a deep network of later stage investors and partners

Ambitious:

we only back teams who can build global scale businesses

Baltic:

local Baltic founders or Baltic diaspora globally

Founders:

our main investment criteria is team and whether they have the grit to succeed

Backing: €100-750k in pre-seed and seed capital initial investments, along with follow-on capital in later rounds, hands-on support to reach product-market fit and a deep network of later stage investors and partners
Ambitious: we only back teams who can build global scale businesses
Baltic: local Baltic founders or Baltic diaspora globally
Founders: our main investment criteria is team and whether they have the grit to succeed

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Photo credit: Petras Malūkas

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Harry Huge
FOUNDER AND GENERAL PARTNER

Honorary Consul for Estonia; Order of the Cross of Terra Mariana. Founder of the Harry and Reba Huge Foundation. Distinguished legal career, JD - Georgetown Law School.

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Ed Steiner
PRINCIPAL AND GENERAL COUNSEL

Partner at Squire Patton Boggs LLP. U.S. top ranked lawyer with 30+ years as counsel to venture capital and private equity funds. Masters, Johns Hopkins, JD - Yale Law School.

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Brent Comstock
CHIEF OPERATING OFFICER

Successful tech startup and digital agency exec. Experienced mentor and accelerator leader in U.S. and Europe. Dual degree from UNC — Chapel Hill and Duke University.

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Investment Team

Andris K. Berzins
MANAGING PARTNER

C-level roles in sales, marketing, product and business development at successful startups in US, UK and Israel, including AeroScout ($240M exit) and Bookatable ($110M exit). Prominent Baltic startup ecosystem leader, co-founder of TechHub Riga and TechChill. MBA, Stanford Graduate School of Business.

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Yrjö Ojasaar
INVESTMENT PARTNER

Tech-startup CEO, angel investor, venture advisor, public speaker. Managing Partner at angel investment & financial advisory firm Solon Partners. Co-founder of business angel network (EstBAN) and Estonian VC Association (EVCA). Juris Doctorate cum laude, University of Minnesota.

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Rait Ojasaar
INVESTMENT PARTNER

Tech-entrepreneur, angel investor, mentor and advisor. Springboard / Techstars London Alumni. Founder and CEO of multiple tech startups, including Indilo Wireless (acquired by Mobi) and nodeSWAT. Managing Partner at angel investment & financial advisory firm Solon Partners. BA International Business, Estonian Business School.

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Andris K. Berzins
MANAGING PARTNER

C-level roles in sales, marketing, product and business development at successful startups in US, UK and Israel, including AeroScout ($240M exit) and Bookatable ($110M exit). Prominent Baltic startup ecosystem leader, co-founder of TechHub Riga and TechChill. MBA, Stanford Graduate School of Business.

Yrjö Ojasaar
INVESTMENT PARTNER

Tech-startup CEO, angel investor, venture advisor, public speaker. Managing Partner at angel investment & financial advisory firm Solon Partners. Co-founder of business angel network (EstBAN) and Estonian VC Association (EVCA). Juris Doctorate cum laude, University of Minnesota.

Rait Ojasaar
INVESTMENT PARTNER

Tech-entrepreneur, angel investor, mentor and advisor. Springboard / Techstars London Alumni. Founder and CEO of multiple tech startups, including Indilo Wireless (acquired by Mobi) and nodeSWAT. Managing Partner at angel investment & financial advisory firm Solon Partners. BA International Business, Estonian Business School.

Investment Team

Andris K. Berzins
MANAGING PARTNER

C-level roles in sales, marketing, product and business development at successful startups in US, UK and Israel, including AeroScout ($240M exit) and Bookatable ($110M exit). Prominent Baltic startup ecosystem leader, co-founder of TechHub Riga and TechChill. MBA, Stanford Graduate School of Business.

Yrjö Ojasaar
INVESTMENT PARTNER

Tech-startup CEO, angel investor, venture advisor, public speaker. Managing Partner at angel investment & financial advisory firm Solon Partners. Co-founder of business angel network (EstBAN) and Estonian VC Association (EVCA). Juris Doctorate cum laude, University of Minnesota.

Rait Ojasaar
INVESTMENT PARTNER

Tech-entrepreneur, angel investor, mentor and advisor. Springboard / Techstars London Alumni. Founder and CEO of multiple tech startups, including Indilo Wireless (acquired by Mobi) and nodeSWAT. Managing Partner at angel investment & financial advisory firm Solon Partners. BA International Business, Estonian Business School.

The investment team is supported in the USA by Fund I partners Harry Huge and Edward Steiner, who were instrumental in the foundation and launch of Change Ventures.

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Venture Partners

Vytautas Kubilius
COUNTRY MANAGER, GOOGLE BALTICS
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Jānis Krūms
SERIAL ENTREPRENEUR AND ANGEL INVESTOR
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Venture Partners

Jānis Krūms
SERIAL ENTREPRENEUR AND ANGEL INVESTOR
Vytautas Kubilius
COUNTRY MANAGER, GOOGLE BALTICS

The capital deployed by Change Ventures Fund II includes the Baltic Innovation Fund (BIF), an initiative created by cooperation between the Republic of Estonia, the Republic of Latvia, the Republic of Lithuania and the European Investment Fund.