Estonian Superangel announces launch of new defense fund

Venture fund Superangel has announced a new early-stage fund to invest in defense technology startups called Archangel.

According to Nicholas Nelson, head of the new fund, Archangel will invest in next-generation European defense technologies and support defense-focused founders solving complex national security problems.

Founded in Tallinn in 2018 by Veljo Otsason and Rain Rannu, Superangel focuses on pre-seed and seed investments in the Baltics and Nordic countries. General partners are Marko Oolo and Mikko Silventola. The Estonian investment firm focuses on artificial intelligence, robotics, energy, mobility, data and infrastructure. The typical ticket size is between €300K and €800K.