The Lithuanian startup ecosystem is one of the fastest-growing in Central and Eastern Europe, with its value increasing more than sevenfold since 2018. The country is home to around 1,000 startups, including unicorns like Vinted, Nord Security, and Baltic Classifieds Group. To support entrepreneurs, we've created a detailed list of venture capital investors and highlighted the top 10 VC firms in Lithuania.
Here's a table that summarizes the overall VC data for a quick overview:
1. Practica Capital
Practica Capital is a management company of early-stage venture capital funds focused on Baltic founders. With over 10 years of experience, more than €130M of assets under management across four funds, they have invested in more than 60 companies including PVcase, TransferGo and Eneba. Practica Capital focuses on seed, pre-seed, and Series A stages, partnering actively as company builders and leveraging regional and international expertise to support ambitious tech founders in the Baltic States.
Contrarian Ventures is an early-stage VC focusing on tackling climate change with bold European and Israeli startups in climate tech, excluding Food/Agri, at seed stage. They invest between €1-4M and believe in hands-on, founders-first support. They like to mobilize resources for decarbonization through initiatives such as Energy Tech Summit and Climate50. So far, they have invested in 28 companies across 11 countries with the mission of scaling groundbreaking solutions for a net-zero future.
Stage: Pre-Seed, Seed, Series A, Series B, Early Stage
Sector: Transportation, Climate & Sustainability, Energy
Geography: Europe
Notable Investments: Pvcase, Voltaware, H2Pro
3. Open Circle Capital
Contrarian Ventures is an early-stage VC firm dedicated to tackling climate change by supporting visionary entrepreneurs across Europe and Israel. Focused on climate tech innovations, they invest early, provide resources for fast growth, and adopt a hands-on, founder-first approach. Taking advantages of a platform-based model and initiatives like Energy Tech Summit and Climate50, Contrarian Ventures drives collaboration to build tomorrow's decarbonization infrastructure.
Sector: Deep Tech & Hard Science, Robotics, AI & ML, Hardware, IoT, E-Commerce, Fintech, Healthcare, Life Sciences
Geography: Lithuania
Notable Investments: Monimoto, Paysolut, Frontu
4. Iron Wolf Capital
Iron Wolf Capital is an early-stage venture capital fund based in Vilnius and London. They are focused on backing Baltic startups with global aspirations and disruptive technologies. With hands-on experience in building businesses across continents, they provide more than just funding - offering guidance, networks, and strategic support. Backed by ILTE, they prioritize Environmental, Social, and Governance (ESG) principles while driving innovation in startups with competitive global potential.
Sector: AI & ML, IoT, SaaS, Deep Tech & Hard Science, Fintech, Marketplace
Geography: Baltic States and beyond
Notable Investments: Millo, Monimoto, Sprana
5. 70V
70V has concluded its active investment phase but continues to manage its two funds, 70Ventures Accel and Seed. Their portfolio companies are scaling rapidly and presenting various career opportunities. Though no longer making direct investments, the 70V team remains active in the Nordic and Baltic startup ecosystems, supporting founders as angel investors and advisors.
BaltCap is the largest and most experienced private equity investor in the Baltics, operating since 1995. With a focus on buyout, growth, and infrastructure investments, they have supported over 120 companies across various industries. BaltCap partners with top management teams and entrepreneurs to drive transformational growth. They serve global institutional investors, benefiting local pension systems.
Notable Investments: Over 100 companies across a wide range of industry sectors
7. Nextury Ventures
Nextury Ventures is a venture 3.0 incubator. The firm creates and funds startups inspired by Silicon Valley’s most promising tech ideas. Based in Lithuania, the firm takes advantage of low development and launch costs to build innovative products and scale them in the UK and US. Since 2014, Nextury Ventures has invested millions of euros in 30+ companies across fintech, sharing economy, proptech, mobile, e-commerce, and wearables.
Coinvest Capital, established in 2018, is a sovereign VC fund designed to boost Lithuania's business angel ecosystem with a profit-sharing model for accredited private investors. Fully funded by the Lithuanian state and EU, it operates as a subsidiary of the National Promotional Institution ILTE under the Ministry of Finance. Coinvest Capital supports early-stage startups. It is a proud partner of LitBAN, recognized for its contributions to Lithuania’s startup ecosystem.
Startup Wise Guys is one of Europe's leading startup accelerators and early-stage VC funds. The team is passionate about empowering founders on their entrepreneurial journeys. Founded in 2012 in Tallinn, Estonia, it has invested in 800+ founders from 71 nationalities. They are focused on B2B startups and specialized verticals. Known as “the accelerator with a heart,” it offers customized programs, mentorship, and a global community to help startups grow, succeed, and transform their ecosystems.
AltaIR Capital is a venture capital fund investing globally in early to growth-stage startups with disruptive ideas. With $600M under management, their investment focus spans AI, SaaS, FinTech, InsurTech, Digital Health, and Productivity Tools. They support driven teams with scalable business models and impressive product vision, AltaIR Capital looks for game-changing innovation with high return prospects, from idea stage to successful exits.
Is VC high risk?Venture capital is a type of investment that can be risky but has the potential for high returns. However, there is no guarantee of success. Investing in startups is always uncertain, and you might lose your money. Even though VC firms try to minimize risks, investing in startups is always uncertain, and you might lose your money.
What is the best country in Europe to set up a VC fund?Luxembourg is ideal for setting up a VC fund in Europe due to its investor-friendly regulations, diverse investment vehicles, and a strong financial sector that supports local and foreign investors. The country's tax efficiency and stability further make it a preferred choice.
Which European cities have the most VC investments?The top cities for VC investments in Europe are London, Paris, Berlin, Amsterdam, and Stockholm. London leads with $22.67B in 2023, followed by Paris and Berlin. These cities are known for strong startup ecosystems and significant funding opportunities.
What is the minimum amount for a VC fund?Venture capital funds usually ask for a minimum investment of $250,000 to $500,000, and sometimes even more. Investing a small amount of money can still cost a lot. These funds are usually only open to wealthy people and big organizations that have a lot of money.
How do I choose a VC fund?To choose a VC fund, check how much experience and success the venture capital firm has had before. Look at the companies they’ve invested in before to see if they match what your business does. This can help you figure out if they’re a good match for you.
Best of luck with your amazing ventures.
Please note that this list is filtered by various metrics, and all the data are collected through various third-party websites, mostly the VC website. Since data such as ticket size or industry may change, you are requested to visit the official website given in the blog for the latest and updated information.
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