Indrek Kasela

Indrek Kasela is an Estonian angel investor and venture investor best known as one of the founding partners of United Angels VC, alongside Riivo Anton and Gerri Kodres. United Angels VC states that, after the investment period of United Angels Fund I ended in 2022, new investments are made from Specialist VC Fund II. The United Angels Fund I portfolio includes Bolt, Starship, Click & Grow, Fractory, eAgronom, Xolo, FoodDocs, Salv, Bob W, Gridio, Outfunnel and KOOS.

Kasela’s background mixes law, capital markets, private equity and operating roles. PRFoods states that he holds an LL.M. from New York University, earned in 1996, and a law degree from the University of Tartu, earned in 1994. Nasdaq Baltic announced in April 2002 that he had been appointed Managing Director of HEX Tallinn, the operator group of the Tallinn Stock Exchange and Estonian CSD, after prior executive roles at Privador and Balti Cresco Investment Group.

He has also been an operator and public-company executive. PRFoods says he has served on its management board since February 2, 2015, and Nasdaq reported in December 2023 that PRFoods extended his management-board mandate until December 7, 2026. PRFoods describes the company as a fish farming and production group operating in Estonia, Finland, Sweden and Great Britain.

Kasela’s Creative Business Network profile describes him as an investor and angel at Amber Trust, with early involvement in Estonian venture activity and privatization advisory. In that profile he says he joined portfolio company Privador as founder and CEO, and that Privador and the Institute of Cybernetics helped introduce PKI, digital ID cards and digital signatures to Estonia. The same profile identifies him as an active angel investor with a portfolio including Plumbr, Digital Sputnik, Fleep, Teleport and Lingvist.

• Specialist VC says it supports “forward-thinking founders from Estonia, Latvia, Lithuania, Finland and Ukraine.”
• Stage focus is pre-seed to Series A, with secondaries in later A+ rounds.
• Specialist VC’s published ticket range is €0 to €3 million; it notes that the typical starting ticket is €250,000.
• Sector focus is mainly B2B, SaaS, fintech, platforms, software-enabled hardware and deep tech, while the firm says it does not limit itself strictly to those categories.
• The firm positions itself as a long-term, hands-on investor: it says it offers founders support, advice and feedback where it can, and emphasizes being fast, flexible and low-bureaucracy.
• Kasela’s personal angel profile is broader but still technology-led, with recorded sector rankings in hardware, SMB software, security, insurance, AI and construction tech across pre-seed, seed and Series A.