Venture Capital

Lithuanian companies dealing with venture capital belong to Lithuanian Private Equity and Venture Capital Association (LT VCA). Currently, at LT VCA there are 27 active companies/members covering different types of venture capital business activities. These include fund management companies, consulting firms, lawyers, public institutions etc., who support and advise investors and entrepreneurs in the structuring and management of their partnerships.

Source: Lithuanian Private Equity and Venture Capital Association

 

More detailed information on venture capitals, accelerators, incubators and angels is available here:

Baltic Innovation Fund

The Baltic Innovation Fund (BIF) is a Fund-of-Fund initiative launched by the EIF in close co-operation with the governments of Lithuania, Latvia, and Estonia in 2012 to boost equity investments made into Baltic SMEs with high growth potential.

 

Early Stage and Development Fund I

This financial instrument is intended to promote the transfer of ideas generated in research and higher education institutions to businesses (commercialisation) and ensure the greater availability of capital to microenterprises and SMEs developing products in high-technology sectors.

During the implementation of the measure, microenterprises and SMEs are offered expert assistance in identifying innovative technology ideas with commercial potential, financing and implementation support.

 

BaltCap

BaltCap is the leading dedicated private equity and venture capital investor in the Baltic States (Estonia, Latvia and Lithuania). They have worked in the Region since 1995. BaltCap supports strong management teams and companies with a vision to grow in the Baltics and beyond. To date, they have made over 50 investments providing the firm with a strong track record.

 

Livonia Partners

Livonia Partners is an investment team based in the Baltics that currently manages EUR 83 million of equity capital to invest in companies in the Baltic Region and beyond. The fund’s investors are domestic and international institutional investors, such as pension funds, insurance companies and development finance institutions.

 

BPM Mezzanine

BPM is an independent investment company with no ties to any financial institutions and has capital commitments of EUR 70 million, supported by a prominent investor base, which includes among others, the European Investment Fund and the European Bank for Reconstruction and Development.

 

Karma Ventures

Karma Ventures (karma.vc) is an early-stage venture capital firm specialised in late seed and A round investments in Europe’s most promising tech start-ups.

 

Open Circle Capital

Open Circle Capital is a 20 million EUR early-stage venture capital fund focused on technology companies in the fields of information and communication technologies, robotics, and high-tech.

 

Contrarian Ventures

Contrarian Ventures is an early-stage venture capital firm focused on investments in emerging technologies.

 

Nextury Ventures

Nextury Ventures is a new Venture Capital Fund established by the prominent International Entrepreneur Ilja Laurs in partnership with Mindaugas Glodas, an ICT Business Executive. Nextury Ventures invests in early-stage startups and new fast growth and high potential value ideas.

 

Practica Capital

Practica Capital is a venture capital firm that manages EUR 6 million. The Practica Seed Capital Fund (Seed Fund) of EUR 15.7 million. The Practica Venture Capital Fund (VC Fund) was established under the JEREMIE initiative and is administered by the European Investment Fund (EIF). The funds provide early and later-stage financing to Lithuanian SMEs.

 

Source: Invega.

 

Accelerators and Incubators

Baltic Media Accelerator

Providing media entrepreneurs with the tools to upscale.

The Baltic Media Accelerator will select up to three emerging or established companies and will take them through a four-month-long acceleration programme in order to help develop new thinking, innovative ways of engaging multiple language audiences and find new revenue streams for their media businesses. The Baltic Media Accelerator is specifically looking for media companies that can engage with Russian speaking audiences in any of the Baltic countries. Participants will receive up to EUR 10,000 in funding, access to world-class mentors and support from leading tech, legal and finance experts.

The programme will run from November 2017 until February 2018 and will offer a combination of foundation training, tailored support packages, mentorship sessions, and grants to scale up prototypes.

 

Startup.lt

Startup.LT is an execution platform for startups fueled by Practica Capital. They offer a pre-seed acceleration programme where the Startup.LT team works closely with a startup’s founders, helping build the product, gain initial traction and bringing the company to the next level.

 

StartupHighway

StartupHighway is a European startup accelerator aspiring to be the best of its kind in the wider CEE Region. The support comes as pre-seed funding, office space and a network of experienced mentors to help your business idea become a successful business, or to prepare a young business for the next round of funding.

 

Angels

Business Angels Networks

The Business Angels Networks (BAN) are public or private organisations that act as intermediaries between business angels and entrepreneurs. One of the most important goals of BAN is to provide a channel of communication between business angels and entrepreneurs seeking venture capital.

 

Business Angels Fund I

Risk capital fund focuses on investments in innovative and export-oriented companies in Lithuania. The Fund will invest only together and on an equal basis with a Business Angel. A Business Angel is a company or private individual that is ready to invest their funds into the selected target and to share its personal business experience with management of the company. The Fund and Business Angel will participate in business development together with founders of the company.

Baltic Innovation Fund

The Baltic Innovation Fund (BIF) is a Fund-of-Fund initiative launched by the EIF in close co-operation with the governments of Lithuania, Latvia and Estonia in 2012 to boost equity investments made into Baltic SMEs with high growth potential.

Livonia Partners

Livonia Partners is an investment team based in the Baltics that currently manages EUR 83 million of equity capital to invest into companies in the Baltic Region and beyond. The fund’s investors are domestic and international institutional investors, such as pension funds, insurance companies and development finance institutions.