Venture Capital in Lithuania
Every venture capital record the directory holds in Lithuania.
Showing 7 of 7 Venture Capital · Lithuania
Other types in Lithuania
Venture Capital elsewhere
Sectors here
Venture Capital · Lithuania results
-
BSV Ventures
BSV Ventures (formerly Baltic Sandbox Ventures) is an early-stage VC firm focused on deep tech, life sciences, and dual-use technologies across the Baltic region, with offices in Lithuania, Estonia, and Finland. It was founded in 2018 and offers both an incubation program and direct investment, writing pre-seed cheques up to €125,000 and seed cheques up to €400,000. In 2024 the firm closed a €15 million fund backed by NATO Innovation Fund and the Lithuanian national development institution ILTE. It has made over 27 investments.
-
Coinvest Capital
Coinvest Capital is a state-backed co-investment fund established in 2018 as a 100% subsidiary of the National Development Bank ILTE, itself owned by Lithuania's Ministry of Finance, and co-funded by the European Union. The fund's model requires all investments to be made alongside accredited business angels or other VC funds, splitting upside in favour of private co-investors to grow Lithuania's angel ecosystem. With €44.3 million in committed capital, it has deployed over €25.9 million into 51 portfolio companies spanning AI, climate, biotech, defence, and frontier tech. Since 2023 it has earmarked roughly €6.8 million specifically for aerospace, defence, and dual-use startups, making it one of the earliest European sovereign funds to lean into defence tech.
-
Contrarian Ventures
Contrarian Ventures is a pan-European seed-stage climate tech fund founded in 2017 and headquartered in Vilnius, with a secondary office in London. The fund exclusively backs startups targeting the sources of 77% of global greenhouse gas emissions — energy, transport, buildings, and heavy industry — deploying €1–4 million per initial ticket. Its second fund closed at €100 million in 2022, making it one of the largest dedicated climate VC vehicles out of the Baltics. The portfolio spans over 28 companies across 11 countries and skews 60% software-first, with the remaining 40% split between hardware-enabled software and deep tech hardware.
-
FIRSTPICK
FIRSTPICK is a Vilnius-based pre-seed and inception-stage VC fund founded in 2022 by Dmitrij Sosunov and Andra Bagdonaitė. It backs early-stage founders from Lithuania, Latvia, and Estonia with initial cheques of €100,000 to €500,000 and follow-on capacity up to €1 million, focusing on AI-enabled software. In 2026 the fund raised a second €25 million vehicle, bringing total AUM across two funds to €45 million. Portfolio companies gain access to a network of 100+ operators and 250+ founders.
-
Iron Wolf Capital
Iron Wolf Capital is Vilnius-founded deep tech and AI fund established in 2018, with additional offices in London and Tallinn. Its second fund, closed at €100 million, is the largest seed-stage deep tech fund in Baltic history, targeting 25 early-stage companies across AI, photonics, robotics, and space innovation built by Baltic founders and diaspora globally. The team combines backgrounds from Deutsche Bank, YPlan, and early Lithuanian VC history; initial tickets run €0.5–2 million and the fund typically leads or co-leads rounds. Iron Wolf has backed over 20 startups covering sectors from agritech and pharma to defence-adjacent AI.
-
Open Circle Capital
Open Circle Capital is a Vilnius-based early-stage fund founded in 2017, backed two-thirds by the Lithuanian public institution INVEGA and one-third by private investors, with a mandate to invest up to €20 million in the commercialisation of Baltic technology. The fund targets ICT, robotics, high-tech, AI, and IoT companies primarily in Lithuania and Northern Europe, writing seed-stage cheques. Its 17-company portfolio has recorded three acquisitions — Frontu, Eddy Travels, and Paysolut — and the partners collectively bring experience spanning more than 80 technology-transfer transactions and seven previous funds. The team has prior exit history with global acquirers including Facebook, Saab, and Eli Lilly.
-
Practica Capital
Practica Capital is the most established venture capital firm in the Baltics, founded in Vilnius in 2011 and managing four funds totalling over €130 million in assets under management. The firm invests at pre-seed, seed, and selected Series A stages in marketplace, SaaS, and deep/industrial tech startups originating from Lithuania, Latvia, and Estonia, and now has partners on the ground in all three Baltic capitals. Its portfolio of 70+ companies includes CGTrader, TransferGo, PVcase, Interactio, Eneba, and Ovoko, with one IPO and six acquisitions to date. The €80 million third fund, closed in February 2024, is the largest seed fund ever raised in the Baltic region.
