Address
Email address
Phone number
https://changeventures.comChange Ventures - Backing Ambitious Baltic FoundersWe are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.
Name
CVF Fund Manager OÜ
Registry code
14623897
VAT number
EE102201749
Type
OÜ - Limited Liability Company
Status
Registered
Foundation date
11.12.2018 (7)
Financial year
01.01-31.12
Capital
25 000.00 €
Activity
66301 - Fund management activities
640 538 €
103 389 €
16%
4 623 €
(estimate is approximate)
1 211 253 €
4
Submitted
No tax arrears
9%
8%
| Owner | Representative | Beneficial owner | |
|---|---|---|---|
| Aveli Nurk
| - | Board member | - |
| Andris Bērziņš
| - | Board member | Indirect ownership |
| Rait Ojasaar
| - | Board member | Indirect ownership |
| CVF Holdings OÜ 14613255 | 100% - 25 000.00 EUR | - | - |
| Owner | Representative | Beneficial owner | |
|---|---|---|---|
| Usaldusfond CVF Co-Invest Five 16574714 | - | Full partner | - |
| Usaldusfond CVF Co-Invest Four 16578729 | - | Full partner | - |
| Usaldusfond CVF Co-Invest One 16269589 | - | Full partner | - |
| Usaldusfond CVF Co-Invest Three 16449088 | - | Full partner | - |
| Usaldusfond CVF Co-Invest Two 16322332 | - | Full partner | - |
| Usaldusfond Change Ventures Fund II 14802453 | - | Fund manager | - |
| 2019 22.01.2021 | 2020 20.07.2021 | 2021 30.06.2022 | 2022 28.06.2023 | 2023 12.06.2024 | 2024 27.06.2025 | |
|---|---|---|---|---|---|---|
| Total Revenue | 120 260 € | 481 040 € | 1 532 514 € | 948 362 € | 742 112 € | 640 538 € |
| Net profit (loss) for the period | 39 694 € | -4 390 € | 1 001 657 € | 250 722 € | 117 682 € | 103 389 € |
| Profit Margin | 33% | -1% | 65% | 26% | 16% | 16% |
| Current Assets | 62 749 € | 68 407 € | 715 336 € | 575 417 € | 371 824 € | 196 769 € |
| Fixed Assets | - | - | 353 697 € | 644 982 € | 817 327 € | 1 043 690 € |
| Total Assets | 62 749 € | 68 407 € | 1 069 033 € | 1 220 399 € | 1 189 151 € | 1 240 459 € |
| Current Liabilities | 20 555 € | 30 603 € | 29 572 € | 80 217 € | 81 287 € | 29 206 € |
| Non Current Liabilities | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - |
| Share Capital | - | - | - | - | - | - |
| Equity | 42 194 € | 37 804 € | 1 039 461 € | 1 140 182 € | 1 107 864 € | 1 211 253 € |
| Employees | 2 | 3 | 4 | 4 | 4 | 4 |
| Turnover | State taxes | Labor taxes and payments | Employees | |
|---|---|---|---|---|
| 2025 Q4 | 0 € | 33 355 € | 23 172 € | 1 |
| 2025 Q3 | 0 € | 21 356 € | 23 104 € | 1 |
| 2025 Q2 | 0 € | 18 002 € | 18 639 € | 1 |
| 2025 Q1 | 0 € | 18 662 € | 19 469 € | 2 |
| 2024 Q4 | 22 € | 20 392 € | 21 249 € | 2 |
| 2024 Q3 | 5 858 € | 27 537 € | 27 299 € | 2 |
| 2024 Q2 | 220 € | 25 771 € | 27 005 € | 2 |
| 2024 Q1 | 0 € | 62 453 € | 30 555 € | 2 |
| 2023 Q4 | 0 € | 36 511 € | 37 444 € | 2 |
| 2023 Q3 | 0 € | 30 751 € | 31 600 € | 2 |
| 2023 Q2 | 37 € | 23 351 € | 23 511 € | 2 |
| 2023 Q1 | 15 000 € | 68 121 € | 28 792 € | 1 |
| 2022 Q4 | 334 € | 26 455 € | 27 288 € | 2 |
| 2022 Q3 | 1 659 € | 25 220 € | 25 797 € | 2 |
| 2022 Q2 | 1 686 € | 25 638 € | 25 974 € | 2 |
| 2022 Q1 | 2 € | 23 832 € | 22 309 € | 2 |
