14802453ActiveLimited partnership

Usaldusfond Change Ventures Fund II

Registered 11. september 2019, primary activity: Activities of money market and non-money market investments funds. Main place of business in Tallinn.

TallinnEMTAK 64311 — Activities of money market and non-money market investments funds6+ years
Updated 1 h ago
e-Business Register
Revenue
—
Employees
—
2025 annual report
Taxes paid
—
Tax debt
€0
As of 12.05.2026 (MTA)

Overview

e-Business Register · 1 h ago
Legal form
Limited partnership
Date of first registration
11.09.2019e-Business Register
Address
Valukoja tn 8/2, Lasnamäe linnaosa, Tallinn, 11415 Harju maakondADS · e-Business Register
Telephone
+372 5188255e-Business Register
Principal activity
EMTAK 64311 — Activities of money market and non-money market investments fundse-Business Register · ETCB

Shareholders

e-Business Register · 1 h ago
CF
CVF Fund Manager OÜLEGAL PERSON
Legal person · 14623897 · shareholder since 11.09.2019
Shareholder

Beneficial owners (2)

e-Business Register · 1 h ago
AB
Andris Bērziņš
Born 1971 · 55 y · ultimate beneficial owner since 11.09.2019
Ultimate beneficial owner
RO
Rait Ojasaar
Born 1980 · 46 y · ultimate beneficial owner since 11.09.2019
Ultimate beneficial owner

Subsidiaries

e-Business Register · shareholders · 1 h ago

Usaldusfond Change Ventures Fund II is a shareholder or officer in 10 more companies.

Usaldusfond Change Ventures F…14802453Shareholder 43%Astronomical Holdings OÜ17095816Shareholder 20%OÜ Werk IT16041366Shareholder 17%Gelatex Technologies OÜ14145430Shareholder 17%Recruitment Software OÜ14936047Shareholder 14%99math OÜ14682374Shareholder 14%Cloud Factory OÜ14309770Shareholder 13%Outvio OÜ14250864Shareholder 11%Formaloo OÜ16045714Shareholder 11%Modash OÜ14434162Shareholder 8%EURORA SOLUTIONS OÜ14614148

Annual reports (6)

e-Business Register · annual reports · 2 päeva tagasi
Profit · 2020–2025
€-1.9mlatest
€10.0m0 €€-10.0m
2020: €244k2021: €3.0m2022: €9.2m2023: €-9.6m2024: €43k2025: €-1.9m
202020232025
YearRevenueProfitEquityAssetsEmployees
2025AUD—−1 928 666 €1 020 650 €€45.9m010.04.2026
2024AUD—42 972 €2 949 316 €€45.3m028.04.2025
2023AUD—−9 561 340 €2 906 345 €€44.7m011.06.2024
2022AUD—9 184 890 €12 467 685 €€50.6m017.05.2023
2021AUD—3 039 165 €3 282 794 €€28.7m009.05.2022
2020AUD—243 629 €243 629 €€9.1m002.07.2021
Original files (PDF, XBRL) — in the e-Business Register.View reports on e-Business Register

History (9)

e-Business Register · entries
04.11.2024
Amending entry (TsMS § 595¹ lg 1 alusel)
Ä 50127928 / 4 · Status: In force
04.11.2024
Amending entry (TsMS § 595¹ lg 1 alusel)
Entry no. 4
24.10.2023
Amending entry (TsMS § 595¹ lg 1 alusel)
Ä 50127928 / 3 · Status: In force
24.10.2023
Amending entry (TsMS § 595¹ lg 1 alusel)
Entry no. 3
04.05.2023
Amending entry
Ä 50127928 / 2 · Status: In force
Show 4 more events
04.05.2023
Amending entry
Entry no. 2
11.09.2019
First entry
Ä 50127928 · Status: In force
11.09.2019
First entry
Entry no. 1
10.09.2019
First entry
Ä 50127928 / M1 · Status: Puudused kõrvaldatud

Connected companies

Via the same person

Persons connected to this company also hold roles in 44 other companies.

Andris BērziņšUltimate beneficial owner · 15 other companies
99math OÜ
Supervisory board member
Change Ventures OÜ
Board memberShareholder 33%Ultimate beneficial owner
CVF 3 Fund Manager OÜ
Board memberUltimate beneficial owner
CVF 3 Investment Advisor OÜ
Board memberUltimate beneficial owner
CVF Fund Manager OÜ
Board memberUltimate beneficial owner
CVF Holdings OÜ
Board memberUltimate beneficial owner
CVF Investment Advisor OÜ
Board memberUltimate beneficial owner
Usaldusfond Change Ventures 3 Co-Invest
Ultimate beneficial owner
Usaldusfond Change Ventures Fund III
Ultimate beneficial owner
Usaldusfond CVF Co-Invest Five
Ultimate beneficial owner
Usaldusfond CVF Co-Invest Four
Ultimate beneficial owner
Usaldusfond CVF Co-Invest One
Ultimate beneficial owner
Usaldusfond CVF Co-Invest Three
Ultimate beneficial owner
Usaldusfond CVF Co-Invest Two
Ultimate beneficial owner
Usaldusfond CVF Origin Co-Invest
Ultimate beneficial owner
Rait OjasaarUltimate beneficial owner · 29 other companies
Acctax Holding OÜ
Board memberUltimate beneficial owner
Alter Security OÜ
Founder
Antifragile Holding OÜ
FounderBoard memberShareholder 100%Ultimate beneficial owner
Change Ventures OÜ
Board memberFounderShareholder 33%Ultimate beneficial owner
Crowdestate AS
Supervisory board member
CVF 3 Fund Manager OÜ
Board memberUltimate beneficial owner
CVF 3 Investment Advisor OÜ
Board memberUltimate beneficial owner
CVF Fund Manager OÜ
Board memberUltimate beneficial owner
CVF Holdings OÜ
Board memberUltimate beneficial owner
CVF Investment Advisor OÜ
Board memberUltimate beneficial owner
Indilo Solutions OÜ
Board memberUltimate beneficial owner
KUMA Design OÜ
Ultimate beneficial ownerBoard memberFounderShareholder 50%
LedgerTech OÜ
Board member
MeetFrank OÜ
Supervisory board member
Metergram OÜ
Founder
Mittetulundusühing Mareti
Ultimate beneficial ownerBoard member
Neurisium OÜ
Ultimate beneficial ownerBoard member
nodeSWAT OÜ
Ultimate beneficial ownerBoard member
Solon Partners OÜ
Board memberUltimate beneficial owner
Sunrise Invest OÜ
Board memberUltimate beneficial ownerFounderShareholder 100%
Tallinn, Tina tn 6a korteriühistu
Board member
Usaldusfond Change Ventures 3 Co-Invest
Ultimate beneficial owner
Usaldusfond Change Ventures Fund III
Ultimate beneficial owner
Usaldusfond CVF Co-Invest Five
Ultimate beneficial owner

… and 5 more companies