KE

Keystone Fund — Pre-Seed VC Firm ($250K–$2.0M Checks)

VC
Tallinn, EstoniaWebsite

Keystone Fund is a Pre-Seed venture capital firm based in Tallinn, Estonia investing in Other, Healthcare, Real Estate. The firm typically writes $250K–$2.0M checks and has 9 portfolio companies in our records.

Check size
$250K–$2.0M
Portfolio
9 companies on record
Partners
1 listed
Stage
Pre-Seed
Sectors
Other, Healthcare, Real Estate, AI / ML
HQ
Tallinn, Estonia
AUM
Not in our records

Last verified: 2026-09-28

How to approach: cold outreach ok
Stage

Pre-Seed

Check Size

$250K – $2.0M

Portfolio

9+ companies

Team

1 partner

Investor activity
Investments in last 12 months: 0

Investment Thesis

Keystone Fund focuses on early-stage investments in blockchain-based RegTech and identity management solutions leveraging decentralized protocols.

How Keystone Fund invests

Keystone Fund is a vc firm based in Tallinn, Estonia. The firm invests at the Pre-Seed stage, with a focus on Other, Healthcare, Real Estate, AI / ML. It does not invest in Consumer Tech.

Keystone Fund typically writes checks of $250K–$2.0M per investment.

Keystone Fund has backed 9 companies in our records, including MERGE, BarkleyOKRP, Cherry Hill Programs.

Partners & Team

JP

Juhan Paabo

GP

Blockchain
Identity Management

Industry Focus

Invests In

Other
Healthcare
Real Estate
AI / ML

Does Not Invest In

Consumer Tech

Portfolio Companies (9)

Other

ME

MERGE

Various·Operating

Operating-company investment by Keystone Capital.

BA

BarkleyOKRP

Various·Operating

Operating-company investment by Keystone Capital.

CH

Cherry Hill Programs

Various·Operating

Operating-company investment by Keystone Capital.

FO

Foundation Dental Partners

Healthcare·Operating

Operating-company investment by Keystone Capital.

PI

Pinchin

Various·Operating

Operating-company investment by Keystone Capital.

ON

Onset Financial, Inc.

Financial Services·Debt/Credit·Keystone Private Income Fund

Debt/credit position by Keystone Private Income Fund.

AE

AE Green Mountain, LLC

Real Estate·Debt/Credit·Keystone Private Income Fund

Debt/credit position by Keystone Private Income Fund.

PH

Phygital Digital Global FX LLC

Financial Services·Debt/Credit·Keystone Private Income Fund

Debt/credit position by Keystone Private Income Fund.

ZO

Zoe Lakeview, LLC

Real Estate·Debt/Credit·Keystone Private Income Fund

Debt/credit position by Keystone Private Income Fund.

How to pitch Keystone Fund
  • •Raising at Pre-Seed? You're squarely in their sweet spot.
  • •Lead with your fit in Other, Healthcare, Real Estate — the sectors they actively back.
  • •Size your ask to their typical $250K – $2.0M check.
  • •cold outreach ok
  • •Address your outreach to a specific partner, such as Juhan Paabo, GP.
  • •A warm introduction beats a cold email. Get matched and request an intro.

Featured In

Browse More Investors

Fundraising resources

Frequently Asked Questions

See if Keystone Fund is a match for your startup

Upload your pitch deck to see how well you match with Keystone Fund and 10,000+ other investors.

Ask your AI assistant about this investor: connect InvestorMatch to Claude or ChatGPT

Is this your profile? Request a correction or removal