Top 10 Community Startup Investors in Lithuania (October 2023)

Practica Capital

Investment focus

Industry: Information Technology, Software, B2B
Stage:Seed, Series A
Geography: Lithuania, United Kingdom, United States

Investor stats

Total investments: 82
Round size: Seed $170k–$1.7M; Series A $2.1M–$23M
Lead/follow: 20% lead, 80% follow
Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

Favro — The #1 app making collaborative planning working at scale between teams for SaaS & Live Games companies. Agile team collaboration, smoother than ever.
AMLYZE — AMLYZE Risk Assessment Module is an automated customer AML/CFT Risk Assessment and Management feature for financial companies.
Atrandi Biosciences — Achieve your discoveries easier using high-throughput screening and droplet microfluidics. Create your own custom workflows for any R&D or academic applications.

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We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.

Investment focus

Industry: Software, Information Technology, Apps
Stage:Seed, Pre-Seed, Series A
Geography: Estonia, Lithuania, United States

Investor stats

Total investments: 46
Round size: Seed $321k–$3M; Pre-Seed $107k–$2.1M
Lead/follow: 59% lead, 41% follow
Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

Algori — Improving FMCG growth with the fastest and most granular insights from 45,000 shoppers in Spain
Aerones — Robotic wind turbine service company offering maintenance, inspection and repairs worldwide. Reduce downtime and improve the efficiency of your wind park
Trace.Space — Engineers develop complex products 10x faster with Trace.Space. Requirements management for the next generation

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LitCapital is regional independent professional private equity fund management company. LitCapital was founded in 2010 and currently is managing a EUR 25 M size growth capital fund Litcapital I KŪB. The fund was established under the JEREMIE initiative in cooperation with European Investment Fund (EIF) and is aimed at investing into expansion ofprivate companies with particular focus on minority growth investments in high value added and exports driven B2B companies.LitCapital is a hands-on investor. Even though our approach is not based on too many formal procedures, we have fundamental investment principles. Firstly, we invest a substantial part of our own financial resources and hence we treat all investments as the businesses' owners. Therefore, we put all our efforts to ensure that invested capital earns adequate return for the Fund and business founders.

Investment focus

Industry: Manufacturing, SaaS, Insurance
Stage:Series A, Private Equity, Seed
Geography: Lithuania, United Kingdom, The Netherlands

Investor stats

Total investments: 6
Round size: Series A $3M–$7.2M; Private Equity $3.2M–$18M
Lead/follow: 83% lead, 17% follow

Portfolio highlights

Ondato — Ondato provides end-to-end eKYC and AML solutions to streamline your compliance processes. Fight fraud with an identity verification service.
Whatagraph — Connect, visualize, and share all of your marketing data in a single platform. Built for marketing agencies and in-house marketing professionals.
Elinta Charge — Elinta Charge creates and puts together EV charging stations for both industrial and domestic use.

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Young Sohn is a Silicon Valley entrepreneur whose passion is building businesses and fostering emerging technologies that have the potential to transform the world for the better. Currently, Sohn serves as Corporate President and Chief Strategy Officer of Samsung Electronics and Chairman of the Board of HARMAN. He leads Samsung’s strategy forglobal innovation, investment, and new business creation, and led the company’s $8 billion acquisition of HARMAN. Prior to joining Samsung Electronics, Sohn served as CEO of two successful, public Silicon Valley companies and on the boards of Arm, Cadence, Cymer (ASML), and others. Under his leadership as CEO and board member, he took PLX Technologies, Synnex Technologies, and Inphi public. He was also a seed investor in some of the industry’s most innovative companies, including Bitfury, Fungible, Graphcore, and Zoom.Sohn is a leader of the global Tech for Good movement. He helped launch the Extreme Tech Challenge (XTC), the world’s largest startup competition for entrepreneurs addressing global challenges. He also serves as a North America board member at MIT Sloan, a senior advisor to the private equity firm Silver Lake Partners, a board member at Cadence, and an advisor for the University of California Innovation Council. Sohn holds a BS in electrical engineering from the University of Pennsylvania and an MS from the MIT Sloan School of Management. An avid outdoorsman, Sohn spends his personal time kite surfing, cycling, running, hiking, and competing in triathlons.

Investment focus

Industry: Software, Artificial Intelligence, Industrial Automation
Stage:Seed, Series A, Angel
Geography: United States, Germany, Switzerland

Investor stats

Total investments: 15
Lead/follow: 27% lead, 73% follow

Portfolio highlights

Revolear — Revolutionize your dealmaking with Revolear, the end-to-end platform for structuring, proposing, negotiating, and approving deals. Designed for Humans. Powered by AI.
Galileo — The ML Developer Platform for Evaluation, Experimentation, and Observability with Unstructured Data
Perfect — A personalized talent-finding and engaging experience made for every team.

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Eight Roads has a 50+ year history of investing and partners with game-changing technology and healthcare companies, supporting them as they scale to become global leaders.

Investment focus

Industry: Software, Health Care, Information Technology
Stage:Series B, Series A, Series C
Geography: United States, China, India

Investor stats

Total investments: 309
Round size: Series A $5.4M–$62M; Series B $7.3M–$100M; Series C $13M–$100M
Lead/follow: 43% lead, 57% follow
Last fund: Likely still investing — raised $350M in 2022

Portfolio highlights

Ketai Bio — Ketai Bio is a synthetic biology company dedicated to the R&D, production and sales of high value-added bio-based products.
New Vision Medical — New Vision Medical is an IT infrastructure service provider that offers clinical trial-related digital platforms and services.
Tenpoint Therapeutics — Tenpoint Therapeutics is a biotechnology company pursuing vision-restoring engineered cell-based therapeutics.

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Jaan Tallinn is the Co-founder of Future of Life Institute.

Investment focus

Industry: Software, Artificial Intelligence, Internet
Stage:Seed, Series A
Geography: United States, Estonia, United Kingdom

Investor stats

Total investments: 59
Round size: Seed $386k–$2.5M; Series A $3.3M–$10M
Lead/follow: 5% lead, 95% follow

Portfolio highlights

Aerones — Robotic wind turbine service company offering maintenance, inspection and repairs worldwide. Reduce downtime and improve the efficiency of your wind park
Anthropic — An AI safety and research company that's working to build reliable, interpretable, and steerable AI systems.
TENYX — Tenyx is developing the next generation of voice-based intelligent systems based on proprietary neuroscience-inspired AI technology

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Notion Capital is a VC firm focused on European SaaS and Cloud.

Investment focus

Industry: Software, SaaS, Information Technology
Stage:Series A, Seed, Series B
Geography: United Kingdom, United States, Germany

Investor stats

Total investments: 178
Round size: Seed $578k–$4.5M; Series A $4.2M–$15M; Series B $4.1M–$42M
Lead/follow: 32% lead, 68% follow
Last fund: May invest from a new fund soon — raised $92M in 2019

Portfolio highlights

Outverse — A community platform that's easier to use, better organised and designed for real interaction.
Quench.ai — Quench is a tech infrastructure for video creators to deliver exclusive content, engage and reward their true fans.
Statement — Find the right card machine for your business, with good rates and the best features. Search the top providers in minutes, including Worldpay, Barclaycard, Tyl and Teya.

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Kima Ventures is one of the world's most active early-stage investors, investing in 2 to 3 startups per week all over the world; providing founders with funding, network, and support for them to reach the next steps of their journey.The firm invests from seed to Series A, mostly as lead investor but also working alongside other investors;backing ambitious founders who work hard to build awesome things that more and more people use everyday. The company helps them to build a great team, to learn very quickly, to keep the right focus and execute towards growth.Kima takes pride of itself in working side-by-side with entrepreneurs. They claim to understand that fundraising is only one step in the company’s journey, that’s why they take quick decisions and make the fundraising process as smooth as possible so the founders can get back to the work of building their business. Kima considers itself not only an investor, but a network of founders and experts sharing a pay it forward mindset.Headquartered in Paris with an office in London, the company was founded and backed by Xavier Niel, founder of Iliad and supporter of entrepreneurs through such projects as 42, Station F and 101projets. Over the last 5 years Kima has invested in over 400 startups in 24 different countries.

Investment focus

Industry: Software, E-Commerce, SaaS
Stage:Seed, Pre-Seed, Series A
Geography: France, United States, United Kingdom

Investor stats

Total investments: 380
Round size: Seed $250k–$3.5M; Pre-Seed $500k–$3M; Series A $800k–$12M
Lead/follow: 9% lead, 91% follow

Portfolio highlights

Mimbi — Mimbi provides brands and agencies with a platform that allows them to better measure & optimize the impact of retail media campaigns
OnlyDust — OnlyDust is a contribute to the best StarkNet projects, and get paid in USDC or Tokens.
Depot — The fastest place to build Docker images.

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Storm Ventures is a $600m (TAM) VC firm 100% focused solely on early-stage enterprise investments. We've been founders ourselves, of enterprise companies including Airespace (acquired by Cisco) and EchoSign (acquired by Adobe). We've had to go without pay as CEOs ourselves to make payroll. We've gone from $0 to $100m in ARR andlived all the stages in between. We've here to help, and add some strategic capital and insights. And not be in the way when we're not needed.

Investment focus

Industry: Software, Enterprise Software, Information Technology
Stage:Series A, Series B, Series C
Geography: United States, South Korea, Germany

Investor stats

Total investments: 191
Round size: Series A $4M–$14M; Series B $7.5M–$52M; Series C $12M–$64M
Lead/follow: 29% lead, 71% follow
Last fund: May invest from a new fund soon — raised $130M in 2019

Portfolio highlights

AB180 — AB180 is a data-driven performance marketing firm that assists organizations in the digital age using data analytics & marketing technology.
Invoke AI — InvokeAI is the Generative AI tool for professional creatives. The company is a creative engine for Stable Diffusion models that empowers professionals, artists, and enthusiasts to generate and create visual media using AI technologies.
Atomicwork — Atomicwork is an employee experience platform that makes it incredibly easy for your teams to find information and get help at work.

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