Fund profile / Estonia

BSV Ventures

Geography: Estonia
Stage: Pre-Seed
Fund size: €15M
Focus: AI/ML
Signals: Published

N°01 / About

About BSV Ventures

BSV Ventures is a venture capital firm based in Estonia, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in AI/ML, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionEstonia

Funding StagePre-Seed

Industry Focus

AI/ML

Investor Signals Profile

active

Sweet Spot

Scientific founder with R&D + commercial traction, minimal viable team

Deep Tech R&D

Life Science

AI & ML

Hardware/Robotics

High-impact innovation

Cybersecurity

Space Tech

Bullish Signals

1170 HealthTech/BioTech apps; 83 investedexternal

€8.8M total invested or committedexternal

€15K equity-free incubation grants availableexternal

Up to €125K acceleration program investmentexternal

€400K seed tickets for commercial-stage teamsexternal

450+ investor event June 2026linkedin

DTID 2026 program live, June 3rd Helsinkilinkedin

Expanded domain coverage: nanotech, space, AR/VRexternal

7-week incubation + 6-month acceleration pipelineexternal

Contrarian Signals

Tiered entry: incubation → acceleration → seedexternal

Requires 1-2 year TTM proof at seedexternal

MVP mandatory for seed stageexternal

Invite-only investor access to eventlinkedin

Must demonstrate industry investor co-investment interestexternal

€5K per team member max €15K incubationexternal

Founder Do's

Proven scientific background + track-record required

Show commercial application of R&D

Have MVP + customer interest

Demonstrate results within 12 months

Coachable, committed to startup world

Strong BizDev or entrepreneurship background

Industry investor co-investment interest

Founder Don'ts

Pure science without commercialization path

No MVP at seed stage

Solo founder without minimal team

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Facts

Fund Overview

Fund Size€15M

Saves0

Website

People

Key People

Erik Bhullar, Andrius Milinavicius, Sandra Golbreich

Andrius MilinaviciusTeam Member

Erik BhullarTeam Member

Sandra GolbreichTeam Member

Jana BudkovskajaTeam Member

Walid O. El CheikhTeam Member

N°04 / See also

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