Skip to main content

Security report for changeventures.com

Change Ventures · Technology · Estonia

Medium risk. 8 critical or high findings in Security headers, GDPR outside view and 1 other check.

Security score

59/100

Risk levelMedium

0–100, higher is better. How it is calculated

Change Ventures is a seed stage venture capital fund focused on backing ambitious Baltic founders globally. The company provides pre-seed investments ranging from €100k to €500k, along with hands-on support to help startups reach product-market fit and access to a network of later stage investors and partners. Their portfolio includes innovative technology companies across sectors such as energy, fintech, and software. The website presents a professional and consistent brand image with detailed team profiles and portfolio highlights, targeting founders and investors interested in the Baltic startup ecosystem. Technically, the website is built on Webflow and uses modern web technologies including Google Analytics and Tag Manager for tracking, with content delivered via a CDN. The site is mobile optimized and features good SEO practices. However, some accessibility features could be improved. Security posture is generally good with HTTPS enforced and secure form handling, but lacks explicit security headers and published security policies. The WHOIS data for the domain is missing or unavailable, which raises concerns about domain registration transparency. Despite this, the website content and business information appear legitimate and professional. There are no privacy or cookie policies found, indicating compliance gaps with GDPR and other privacy regulations. Contact information includes a verified company email and physical address in Estonia, but no phone numbers are explicitly provided. Overall, the website is well designed and informative, supporting a credible business presence. However, improvements in privacy compliance, security policy transparency, and domain registration clarity are recommended to enhance trust and reduce risk.

Scanned

NIS2 and GDPR posture

GDPR outside view
35/ 100 · High
Checks completed
7of 7

NIS2 Art. 21(2)

  1. (a) Risk analysis and security policies: Not visible from outside
  2. (b) Incident handling: One indicator
  3. (c) Business continuity, backups and crisis management: Not visible from outside
  4. (d) Supply chain security: Not visible from outside
  5. (e) Secure acquisition, development and maintenance, including vulnerability handling: Partly checked
  6. (f) Assessing the effectiveness of security measures: Not visible from outside
  7. (g) Cyber hygiene and security training: Not visible from outside
  8. (h) Cryptography and encryption: Partly checked
  9. (i) HR security, access control and asset management: One indicator
  10. (j) Multi-factor authentication and secured communications: Not visible from outside

This scan rated NIS2 with an earlier keyword method that is no longer shown; rescan for the per-article view. Risk management, continuity, supply chain, training, MFA, management oversight (Art. 20) and incident reporting (Art. 23) need internal evidence, and Guard cannot tell whether NIS2 applies to this organisation.

GDPR is indicative only, based on publicly visible signals: Articles 7, 12, 13 and 32 of Regulation (EU) 2016/679 and Article 5(3) of the ePrivacy Directive. Not a certification or legal assessment.

Priority findings

8 findings rated critical or high. Fix these first.

  1. Security headers

    Security headers are instructions your web server sends to every visitor’s browser. Missing ones leave visitors more exposed to attacks such as clickjacking and injected scripts.

    • High

      Missing X-Frame-Options header

      Prevents clickjacking attacks

      What to do: Add "X-Frame-Options: DENY" or "X-Frame-Options: SAMEORIGIN"

    • High

      Missing Content-Security-Policy header

      Controls resources the browser is allowed to load

      What to do: Implement a Content-Security-Policy appropriate for your application

      • ASVS V3.4.3
      • OWASP Secure Headers: OWASP Secure Headers Project recommends Content-Security-Policy: default-src 'self'; form-action 'self'; base-uri 'self'; object-src 'none';…

  2. GDPR outside view

    These are the privacy signals visitors and data protection authorities look for under GDPR.

    • High

      No Privacy Policy found

      GDPR requires a clear and accessible privacy policy

      What to do: Add a comprehensive privacy policy page and link to it prominently

    • High

      No Cookie Policy found

      GDPR requires clear information about cookie usage

      What to do: Add a dedicated cookie policy explaining cookie usage and purposes

    • High

      No Cookie Consent Banner found

      GDPR requires explicit consent for non-essential cookies

      What to do: Implement a cookie consent banner that appears on first visit

Need hands-on remediation? Email guard@offseq.com

Keep watching changeventures.com

This scan found 26 issues across 6 checks. Monitoring re-runs those checks daily, emails you when something material changes and records each fix, so you can show progress.

Daily monitoring

Recommended

€25per month

  • TLS certificates and expiry
  • DNS records
  • SPF, DKIM and DMARC
  • Security headers
  • GDPR and NIS2 posture
  • Exposed services
  • Third-party trackers
  • Security score drift

Email alerts on material changes and an exportable JSON history of every change.

Billed monthly to your card. Cancel anytime. The full timeline opens with your unlock code.

Full report

€39.90one-time

  • The complete analysis as a PDF you can cite
  • Email delivery with an unlock code
  • Lifetime access to this report

Prices incl. 21% VAT. Secure checkout by Mollie; sold by SEQ SIA, Latvia.

Results by check

Each check with its score, findings and the evidence it collected.

How this score is calculated

The security score runs 0–100, higher is better. It is the plain average of the security checks that completed in this scan, each counted equally. A check that could not run is left out: it counts neither as a pass nor as a fail.

Counted in this score

SSL/TLS
47
Security headers
30
Email security
70
DNS health
70
Network security
100
GDPR outside view
35
Average
59

Not counted

  • NIS2 outside view: Re-weights evidence from the TLS, email, DNS, network and hygiene checks, so counting it would count that evidence twice. Shown on its own.
  • OffSeq Observations: An AI reading of the site, useful context but not reproducible evidence. Shown on its own.

Findings that cap the score at 49

Each of these is serious on its own, so while any is present the site cannot rate better than high risk, however good the other checks are.

  • The certificate is not trusted by browsers
  • The website is not served over HTTPS
  • A database, remote desktop, file-sharing or Telnet service is reachable from the internet
  • The page loads a script from a compromised source
  • The domain registration has expired
  • SPF authorises every server to send mail as the domain

Partial scans

When the site blocks Guard or most checks cannot run, the score covers only the checks that ran (usually DNS and email), is capped at 75 and is shown as partial, without a risk level.

Risk levels

  • Critical0–25
  • High26–49
  • Medium50–75
  • Low76–100

Technical appendix

Business context, site observations and technical notes gathered during the scan, and the standards behind each reference.

Business context

Business profile

Change Ventures occupies a niche as a Baltic-focused seed stage venture capital fund, differentiating itself by targeting local founders and diaspora with global ambitions. Their business model centers on early-stage investments combined with active support and network facilitation. The portfolio companies span technology-driven sectors including energy storage, fintech, AI, and healthcare technology, indicating a diversified yet tech-centric investment approach. The firm leverages partnerships with European institutions and accelerators, enhancing its market credibility and access to capital. The team comprises experienced professionals with strong backgrounds in venture capital, law, and startup ecosystems, further strengthening their competitive advantage. Growth indicators include active portfolio management and community engagement with angel investors and venture partners. Strategic observations suggest the firm is well positioned to capitalize on the growing Baltic startup ecosystem but should address compliance and transparency to sustain investor confidence.

Security posture

The website demonstrates a moderate to good security maturity level. HTTPS is properly implemented, ensuring encrypted communications. Form submissions are securely handled via Mailchimp, reducing risk of data interception. However, the absence of key security headers such as Content Security Policy (CSP), HTTP Strict Transport Security (HSTS), and X-Frame-Options reduces protection against common web attacks like clickjacking and cross-site scripting. No security or incident response policies are published, which limits transparency and preparedness for security incidents. There is no evidence of vulnerability disclosure programs or security.txt files, which are best practices for responsible vulnerability management. No exposed sensitive data or vulnerable libraries were detected in the HTML content. Overall, while basic security measures are in place, the site would benefit from enhanced security headers, published policies, and incident response readiness to improve its security posture and compliance with industry standards.

Recommendations

  1. Implement and enforce security headers including CSP, HSTS, and X-Frame-Options to mitigate common web vulnerabilities.
  2. Publish comprehensive privacy and cookie policies with clear GDPR compliance and user consent mechanisms.
  3. Establish and publicize a vulnerability disclosure policy and security.txt file to facilitate responsible reporting and incident response.
  4. Improve accessibility features to meet recognized standards and enhance user experience for all visitors.
  5. Verify and update domain registration information to ensure transparency and trustworthiness of the website's domain ownership.

Contact details published on the site

Addresses
Site observations

Automated reading of the public site. Ratings are indicative.

Business

Company
Change Ventures
Description
We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.
Key services
Pre-seed and seed capital investments, Hands-on support to reach product-market fit, Access to network of later stage investors and partners
Content quality
excellent
Branding
consistent

Technology

Stack
Google Analytics, Google Tag Manager, Webflow, jQuery, Finsweet CMS Slider, Luxy.js
Frameworks
Webflow
Performance
moderate
Mobile
good
Accessibility
basic
SEO
good

Security

Observed score
85/100
Good practices seen
  • HTTPS enforced
  • Secure form submission to Mailchimp
  • No exposed sensitive data in HTML

Analytics and tracking

Services
Google Analytics, Google Tag Manager
Tracking level
moderate
Privacy practices
basic

Advertising

Marketing tools
Mailchimp
Transparency
basic

Site quality

Design
excellent
User experience
excellent
Content relevance
excellent
Navigation
excellent
Professionalism
excellent
Trustworthiness
high

Key observations

  1. Website is fully accessible with rich content and professional design
  2. No privacy or cookie policy pages found, indicating compliance gaps
  3. WHOIS data missing, which is unusual and reduces trust
  4. Strong team and portfolio presentation with external validation links
  5. Use of modern web technologies and analytics tools
  6. No explicit security policies or incident response info published
  7. Contact info includes company email and physical address in Estonia
  8. No phone numbers explicitly labeled as company contact found
  9. No security headers detected in provided data
  10. No vulnerability disclosure or security.txt found
Technical notes

Notes

The website is built using Webflow CMS, leveraging modern front-end technologies such as jQuery, Google Fonts, and third-party JavaScript libraries like Finsweet CMS Slider and Luxy.js for smooth scrolling effects. Analytics are implemented via Google Analytics and Google Tag Manager, enabling detailed user behavior tracking. The site is hosted on Webflow's CDN, providing reliable performance and global content delivery. The design is responsive and mobile-friendly, with good SEO meta tags and Open Graph data for social media sharing. However, the site lacks some advanced accessibility features and security headers that could improve robustness and compliance. Performance is moderate, with asynchronous loading of scripts and optimized images. Overall, the technical infrastructure supports a professional and scalable web presence but could be enhanced with additional security and compliance features.
Standards and sources

Reference chips under each finding point to the standard, regulation or specification the finding relates to. They are taken from the official datasets below and mapped conservatively: a finding with no defensible link shows none. NIS2 and GDPR references mark where a finding is relevant evidence, not a compliance verdict. Implementing Regulation (EU) 2024/2690 binds digital infrastructure and digital service providers; for other entities it is the most detailed public reading of the Article 21 measures. WCAG, EN 301 549, European Accessibility Act and Web Accessibility Directive references name the requirement an automated accessibility rule relates to; they are not a conformance verdict.

Retrieved 2026-10-25

Reviews of this site

Share your experience with changeventures.com. Every review is verified by email and published after moderation.

Overall rating
Select a rating
4000 characters remaining

We’ll email you to confirm your review and keep your details private.

Community rating

No published reviews yet. Be the first to review changeventures.com.

Feedback on this report

Rate this report, add an optional comment, and tell us if you want a security specialist to follow up.

Overall report quality
Select a rating
2000 characters remaining

We only use your feedback to improve Guard reports. Contact details are never shared.