United Angels VC is an early stage venture capital fund based in Estonia.

Ambitious founders, scalable business models in B2B, SaaS and beyond 

United Angels VC is founded by experienced Estonian investors with strong entrepreneurial backgrounds and multiple successful exits under belt.

We manage a fund of 16mEUR and invest throughout the software stack with primary focus on B2B, SaaS and marketplace segments.

We believe in visionary founders and actively help them to grow the company.

We are looking to follow promising companies from pre-seed to A-round, investing up to 1,5 mEUR into a company through the journey. We provide hands-on experience, we are able to lead the rounds, and like co-investing with great angels and VCs.
United Angels VC contributes time, expertise, capital and connections to help founders gain access to the right people and resources needed for growing the business. Our experience and network allows us provide tailored assistance in strategy, technology, finance and other key areas.


We have 40+ tech companies in our portfolio. Some of them have become superstars already, others are just  getting off the ground.  There are six companies where we have made successful exits.
Our approach has always been pragmatic and founder-friendly and we intend to keep it that way. 
Exit to Splunk in 2020
Exit to Ruffalo Noel Levitz in 2019
Exit to Topia in 2017
Vital Fields
Exit to Monsanto in 2016
Smart Ad
Exit to MTG in 2015
Exit to management in 2014

Riivo  Anton

Founding partner at UnitedAngels VC. Founder of Civitta, the largest independent management consulting company in CEE and founding investor/mentor at Startup Wise Guys. Riivo has 20 years of experience as an entrepreneur and 10 years as tech investor and advisor. 

Gerri  Kodres

Founding partner at UnitedAngels VC. Voted as "Investor of the Year 2019" by Estonian startup founders. Previously a tech executive who helped to grow Fortumo into a global leader in mobile payments. Gerri has 20 years of experience in leading business operations of technology companies. 

Indrek Kasela

Founding partner at UnitedAngels VC and an established business leader. For the last 14 years Indrek has run the largest private equity funds in the Baltics and is currently Member of the Board of PR Foods and Ekspress Group.  One of the most active angel investors in Estonia. 

Samela Kivilo

Associate at UnitedAngels VC, helping the team with analytics and deal sourcing. Samela has studied in Stockholm School of Economics in Riga and in Frankfurt School of Finance and Management. She has previous experience from venture capital and investment banking companies.