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Search›Companies›CVF Fund Manager OÜ
14623897ActivePrivate limited companyEE102201749 · VAT-registered

CVF Fund Manager OÜ

Harju maakond, Tallinn, Lasnamäe linnaosa, Valukoja tn 8/2·EMTAK 66301 — Fund management activities·7+ years
Andmed · ···
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Overview

e-Business Register · 9 h ago
Registry code
e-Business Register
Legal form
Private limited company
Registered
11.12.2018e-Business Register
Address
Valukoja tn 8/2, Lasnamäe linnaosa, Tallinn, 11415 Harju maakondADS · e-Business Register
E-mail address
rait@changeventures.come-Business Register
Telephone
+372 5188255· Telia Eesti ASe-Business Register · TTJA NBA
Principal activity
EMTAK 66301 - Fund management activitiese-Business Register · ETCB
VAT number
ETCB · VAT-registered
Share capital
25 000,00 €e-Business Register
Estonia's public business register
HomeViewsIndustriesBlogSourcesAbout

Public registry of Estonian companies — every fact traceable to a source and a date. Free and ad-free for everyone.

Nimistu MTÜ
Address: Parda tn 8, 10151 Tallinn, Estonia
E-mail: info@nimistu.ee

Browse

  • Home
  • Views
  • Industries
  • Recent registrations

Data

  • 72 sources
  • Database
  • Extensions
  • MCP

Organisation

  • About
  • For journalists
  • Donation terms
  • Refunds
  • Terms
  • Privacy
  • Contact
© 2026 Nimistu MTÜ. License CC-BY-SA 4.0 · details
Data · 9 sourcese-Business Register · 6 min agoMTAMTRFinantsinspektsioon
e-Business Register ↗

Registered 11. detsember 2018, primary activity: Fund management activities. Main place of business in Lasnamäe linnaosa, Tallinn, Harju maakond.

Revenue 2026 (I kv)
0 €
▼ 14% vs 2023
As of 10.04.2026 (MTA)
Employees
2
2026 (MTA)
Taxes paid
69 752 €
State + labour taxes · 2026 (I kv)
Tax debt
0 €
As of 25.06.2026 (MTA)
Revenue 2026 (I kv)
0 €
▼ 14% vs 2023
As of 10.04.2026 (MTA)
Employees
2
2026 (MTA)
Taxes paid
70k €
State + labour taxes · 2026 (I kv)
Tax debt
€0
As of 25.06.2026 (MTA)

Officers (3)

e-Business Register · 9 h ago
AB
Andris Bērziņš
Born 1971 · 54 y · board member since 11.12.2018
Board member
RO
Rait Ojasaar
Born 1980 · 45 y · board member since 11.12.2018
Board member
AN
Aveli Nurk
Born 1994 · 32 y · board member since 25.07.2024
Board member

Founders

e-Business Register · 9 h ago
CH
CVF Holdings OÜLEGAL PERSON
Legal person · 14613255 · founder since 12.11.2018
Founder · 3k €

Shareholders

e-Business Register · 9 h ago
CH
CVF Holdings OÜLEGAL PERSON
Legal person · 14613255 · shareholder since 25.07.2024
Shareholder 100% · 25k €

Beneficial owners (2)

e-Business Register · 9 h ago
AB
Andris Bērziņš
Born 1971 · 54 y · ultimate beneficial owner since 11.12.2018
Ultimate beneficial owner
RO
Rait Ojasaar
Born 1980 · 45 y · ultimate beneficial owner since 11.12.2018
Ultimate beneficial owner

Subsidiaries

e-Business Register · shareholders · 9 h ago
CVF Fund Manager OÜ14623897Usaldusfond Change Ventur…14802453Usaldusfond CVF Co-Invest…16574714Usaldusfond CVF Co-Invest…16578729Usaldusfond CVF Co-Invest…16269589

Fund manager (1)

e-Business Register · 9 h ago
Usaldusfond Change Ventures Fund II
Rahaturufondide ja muude investeerimisfondide tegevus
14802453

Registrar of the members (6)

e-Business Register · 9 h ago
Usaldusfond Change Ventures Fund II
Rahaturufondide ja muude investeerimisfondide tegevus
14802453
Usaldusfond CVF Co-Invest Five
Usaldusfondide, investeerimisfondide ja sarnaste finantsüksuste investeerimine võlakirjadesse, väärtpaberitesse jms finantsvahenditesse
16574714
Usaldusfond CVF Co-Invest Four
Fondide valitsemine
16578729
Usaldusfond CVF Co-Invest One
Usaldusfondide, investeerimisfondide ja sarnaste finantsüksuste investeerimine võlakirjadesse, väärtpaberitesse jms finantsvahenditesse
16269589

General partner (6)

e-Business Register · 9 h ago
Usaldusfond Change Ventures Fund II
Rahaturufondide ja muude investeerimisfondide tegevus
14802453
Usaldusfond CVF Co-Invest Five
Usaldusfondide, investeerimisfondide ja sarnaste finantsüksuste investeerimine võlakirjadesse, väärtpaberitesse jms finantsvahenditesse
16574714
Usaldusfond CVF Co-Invest Four
Fondide valitsemine
16578729
Usaldusfond CVF Co-Invest One
Usaldusfondide, investeerimisfondide ja sarnaste finantsüksuste investeerimine võlakirjadesse, väärtpaberitesse jms finantsvahenditesse
16269589

Annual reports (6)

e-Business Register · annual reports · 5 päeva tagasi
Revenue 2024
641k €
↘ -13.7% vs 2023
State taxes 2025
91k €
↘ -32.9% vs 2024
Employees 2024
4
0.0% vs 2023
YearRevenueProfit

Taxes, revenue and employees

Estonian Tax and Customs Board · 10.04.2026 as of
20k €10k €0

Licences (1)

MTR · 8 h tagasi
Active licences
1
Finantsteenused1
Oldest · Newest
2019→2019
Oldest licenceFFA000314 · 18.01.2019
Active1 / 1
FFA000314
Finantseerimisasutusena tegutsemine
Tegevusluba
From18.01.2019
UntilOpen-ended
Valid

Tech stack

Tehnoloogiad
Mobile carrier
+372 5188255Telia Eesti AS

History

last 2 years · MTA + ÄR + MTR + Procurements
2025
27.06.2025ReportEsitati 2024. aasta aruanne— Käive 640 538 €
2024
04.11.2024FilingMuutmiskanne TsMS § 595¹ lg 1 alusel2×expand ›hide ⌃
  • Ä 50108543 / 7 · Olek: Jõustunud
  • Kanne nr 7 · kanne
01.10.2024FilingMuutmiskanne2×expand ›

Connected companies

Same-person ties · e-Business Register

CVF Fund Manager OÜ is connected to 48 other companies through 3 people who hold a role here and elsewhere. The strongest tie runs through Rait Ojasaar (29 companies).

Total connections
48
via 3 people
Connecting people
3
Active here
Distinct roles
2
Board member · Ultimate beneficial owner
Strongest tie
Rait
29 companies
Via personRait Ojasaar
Usaldusfond CVF Co-Invest…16449088Usaldusfond CVF Co-Invest…16322332
CVF Fund Manager OÜ is a shareholder or officer in 6 more companies.
Usaldusfond CVF Co-Invest Three
Usaldusfondide, investeerimisfondide ja sarnaste finantsüksuste investeerimine võlakirjadesse, väärtpaberitesse jms finantsvahenditesse
16449088
Usaldusfond CVF Co-Invest Two
Usaldusfondide, investeerimisfondide ja sarnaste finantsüksuste investeerimine võlakirjadesse, väärtpaberitesse jms finantsvahenditesse
16322332
Usaldusfond CVF Co-Invest Three
Usaldusfondide, investeerimisfondide ja sarnaste finantsüksuste investeerimine võlakirjadesse, väärtpaberitesse jms finantsvahenditesse
16449088
Usaldusfond CVF Co-Invest Two
Usaldusfondide, investeerimisfondide ja sarnaste finantsüksuste investeerimine võlakirjadesse, väärtpaberitesse jms finantsvahenditesse
16322332
Equity
Assets
Employees
2024640 538 €103 389 €1,2m €1,2m €427.06.2025
2023742 112 €117 682 €1,1m €1,2m €412.06.2024
2022948 362 €250 722 €1,1m €1,2m €428.06.2023
20211 532 514 €1 001 657 €1,0m €1,1m €430.06.2022
2020481 040 €−4390 €38k €68k €320.07.2021
2019120 260 €39 694 €42k €63k €222.01.2021
Original files in PDF – the full register on e-Business Register.View reports on e-Business Register
20222023202420252026
YearRevenue (a)State taxesTaxes on workforceEmployees (Q4)
2026I Q0 €46 956 €22 796 €2
20250 €91 375 €84 384 €1
20246100 €136 153 €106 108 €2
202315 037 €158 734 €121 347 €2
20223681 €101 145 €101 368 €2
Quarterly breakdown
YearQ1Q2Q3Q4
Revenue 20260 €–––
State taxes 202647k €–––
Taxes on workforce 202623k €–––
Employees 20262–––
Revenue 20250 €0 €0 €0 €
State taxes 202519k €18k €21k €33k €
Taxes on workforce 202519k €19k €23k €23k €
Employees 20252111
Revenue 20240 €220 €6k €22 €
State taxes 202462k €26k €28k €20k €
Taxes on workforce 202431k €27k €27k €21k €
Employees 20242222
Revenue 202315k €37 €0 €0 €
State taxes 202368k €23k €31k €37k €
Taxes on workforce 202329k €24k €32k €37k €
Employees 20231222
Revenue 20222 €2k €2k €334 €
State taxes 202224k €26k €25k €26k €
Taxes on workforce 202222k €26k €26k €27k €
Employees 20222222
hide ⌃
  • Ä 50108543 / 6 · Olek: Jõustunud
  • Kanne nr 6 · kanne
25.07.2024OfficerSai osanikuks— CVF Holdings OÜ · · 100 %
25.07.2024OfficerAstus juhatusse— Aveli Nurk
25.07.2024FilingMuutmiskanne2×expand ›hide ⌃
  • Ä 50108543 / 5 · Olek: Jõustunud
  • Kanne nr 5 · kanne
29
Andris Bērziņš15
Aveli Nurk4
RO
Rait Ojasaar
board member, ultimate beneficial owner
29 other companies›
CompanyRoleReg. code
Acctax Holding OÜ
Ultimate beneficial ownerBoard member
17324043
Alter Security OÜ
Founder
12492416
Antifragile Holding OÜ
FounderUltimate beneficial ownerShareholder 100%Board member
14603937
Change Ventures OÜ
FounderShareholder 33%Board memberUltimate beneficial owner
14025819
Crowdestate AS
Supervisory board member
14773059
CVF 3 Fund Manager OÜ
Board memberUltimate beneficial owner
16594266
CVF 3 Investment Advisor OÜ
Board memberUltimate beneficial owner
16593640
CVF Holdings OÜ
Board memberUltimate beneficial owner
14613255
CVF Investment Advisor OÜ
Board memberUltimate beneficial owner
14621409
Indilo Solutions OÜ
Board memberUltimate beneficial owner
11461684
KUMA Design OÜ
Board memberShareholder 50%FounderUltimate beneficial owner
12705533
LedgerTech OÜ
Board member
17026765
MeetFrank OÜ
Supervisory board member
14314682
Metergram OÜ
Founder
12526440
Mittetulundusühing Mareti
Board memberUltimate beneficial owner
80227982
Neurisium OÜ
Board memberUltimate beneficial owner
14301372
… and 13 more · see on the person page ↗
AB
Andris Bērziņš
board member, ultimate beneficial owner
15 other companies›
CompanyRoleReg. code
99math OÜ
Supervisory board member
14682374
Change Ventures OÜ
Shareholder 33%Board memberUltimate beneficial owner
AN
Aveli Nurk
board member
4 other companies›
CompanyRoleReg. code
CVF 3 Fund Manager OÜ
Board member
16594266
CVF Holdings OÜ
Shareholder 6%
14613255
Naute Creations OÜ
14025819
CVF 3 Fund Manager OÜ
Board memberUltimate beneficial owner
16594266
CVF 3 Investment Advisor OÜ
Board memberUltimate beneficial owner
16593640
CVF Holdings OÜ
Board memberUltimate beneficial owner
14613255
CVF Investment Advisor OÜ
Board memberUltimate beneficial owner
14621409
Usaldusfond Change Ventures 3 Co-Invest
Ultimate beneficial owner
17151022
Usaldusfond Change Ventures Fund II
Ultimate beneficial owner
14802453
Usaldusfond Change Ventures Fund III
Ultimate beneficial owner
16711789
Usaldusfond CVF Co-Invest Five
Ultimate beneficial owner
16574714
Usaldusfond CVF Co-Invest Four
Ultimate beneficial owner
16578729
Usaldusfond CVF Co-Invest One
Ultimate beneficial owner
16269589
Usaldusfond CVF Co-Invest Three
Ultimate beneficial owner
16449088
Usaldusfond CVF Co-Invest Two
Ultimate beneficial owner
16322332
Usaldusfond CVF Origin Co-Invest
Ultimate beneficial owner
17016525
Shareholder 50%Board memberUltimate beneficial owner
14619269
Raisin Ventures OÜ
FounderUltimate beneficial ownerShareholder 100%Board member
17022980