LitCapital

LitCapital is an independent private equity firm based in Vilnius, Lithuania, founded in 2010. The firm specializes in managing growth capital investments, particularly targeting minority growth investments in high value-added and export-driven B2B companies. With a focus on sectors such as information technology, electronics, industrial products, services, and cleantech, LitCapital aims to support the expansion of private companies. The firm operates a hands-on investment approach, treating its investments with the care and diligence of a business owner. By investing a significant portion of its own financial resources, LitCapital is committed to ensuring that the capital it invests generates adequate returns for both the fund and the business founders.

Šarūnas Šiugžda

Founder and Managing Partner

10 past transactions

Cargo Stream

Seed Round in 2023
Cargo Stream is a logistics management platform that offers an innovative solution for companies in the maritime and land transportation sectors. Founded in 2019 and based in the UK and Lithuania, the company provides a comprehensive system that digitalizes logistics processes and documentation. Its platform integrates artificial intelligence and telematics to facilitate transport monitoring and enhance collaboration among colleagues and partners. By streamlining workflows through a self-service portal, Cargo Stream enables logistics companies to effectively plan and manage their operations, resulting in increased efficiency and customer satisfaction.

Elinta Motors

Venture Round in 2022
Elinta Motors, a Lithuanian company, specializes in the development and manufacturing of electric and plug-in hybrid powertrains for commercial vehicles weighing up to 7.2 tons. Their in-house designed components include electric motors, battery modules, and electronics, aiming to improve vehicle power, range, and durability. Additionally, they offer a range of electronic control systems and components for various industries, including 3D imaging systems and automation solutions.

Elinta Charge

Venture Round in 2022
Elinta Charge specializes in the design and manufacture of electric vehicle charging stations for commercial and residential applications. The company provides charging solutions tailored to a diverse range of clients, including individual consumers, car fleet managers, courier services, public network operators, offices, hotels, and retail establishments. By facilitating the adoption of electric vehicles, Elinta Charge aims to support cities in their transition to sustainable energy and promote a cleaner future.

Ondato

Seed Round in 2021
Ondato is a technology company focused on enhancing KYC (Know Your Customer) and AML (Anti-Money Laundering) processes. It offers advanced solutions for digital identity verification, business customer onboarding, data validation, and fraud detection. By utilizing artificial intelligence and machine learning, Ondato's tools are designed to help banks and fintech companies maintain compliance with regulatory requirements. The services are tailored to meet the needs of various sectors, including banking, blockchain, and online trading, allowing organizations to streamline their compliance efforts while ensuring data protection and privacy. Ondato aims to transform compliance into a strategic advantage, fostering a safer environment for both businesses and individuals.

Whatagraph

Series A in 2021
Whatagraph is a marketing analytics visualization and automation platform that simplifies the collection, visualization, and delivery of marketing data for agencies and teams. It enables users to blend data from various channels and campaigns, providing a clear overview of performance for clients. The platform features automated report delivery and allows users to integrate custom data through Google Sheets and Public API connections. Whatagraph also offers a white-label option for personalized reporting, enabling users to customize colors, logos, and domains. With ready-to-use templates, users can create marketing performance reports quickly, while real-time team collaboration enhances efficiency. By transforming complex website and social media analytics into visual reports, Whatagraph helps marketing professionals save time and improve client communication.

Altechna

Acquisition in 2020
Altechna is a Lithuania-based manufacturer specializing in precision laser components and accessories for various industries, including semiconductor, security, and medical markets. Since its establishment in 1996, the company has developed complex technological solutions and custom designs tailored for high-performance lasers. Altechna's product range includes laser and polarization optics, crystals, lenses, prisms, filters, nonlinear crystals, polarizing cubes, and industrial mirror mounts. Their expertise in dielectric coatings and optical designs enables clients to optimize laser geometries, enhance power levels, and reduce product weight. Altechna ensures high quality and consistency in both test batches and mass production through its metrology laboratory, supporting a wide array of laser technologies from femtosecond to continuous-wave applications.

Audimas

Acquisition in 2018
Audimas is a manufacturer based in Kaunas, Lithuania, specializing in the development, design, and production of sports and active lifestyle clothing. The company offers a range of products, including shirts, pants, jackets, skirts, and accessories, all crafted from lightweight and comfortable fabrics. By incorporating innovative technologies and carefully selected materials, Audimas ensures that its clothing meets high quality standards, providing functionality and elegance for active individuals. The brand aims to be a reliable companion for consumers throughout their daily activities and travels, offering quality sports products at competitive prices.

Altechna

Private Equity Round in 2013
Altechna is a Lithuania-based manufacturer specializing in precision laser components and accessories for various industries, including semiconductor, security, and medical markets. Since its establishment in 1996, the company has developed complex technological solutions and custom designs tailored for high-performance lasers. Altechna's product range includes laser and polarization optics, crystals, lenses, prisms, filters, nonlinear crystals, polarizing cubes, and industrial mirror mounts. Their expertise in dielectric coatings and optical designs enables clients to optimize laser geometries, enhance power levels, and reduce product weight. Altechna ensures high quality and consistency in both test batches and mass production through its metrology laboratory, supporting a wide array of laser technologies from femtosecond to continuous-wave applications.

Baltic Bicycle Trade

Private Equity Round in 2013
Baltic Bicycle Trade is a manufacturing firm that designs, develops, and distributes electric bicycles.

Brolis Semiconductors

Series A in 2012
Brolis Semiconductors Ltd., founded in 2011 by the Vizbaras brothers, is a Lithuania-based company specializing in the design and manufacture of infrared laser diodes and electro-optic systems for a diverse range of applications, including defense, medical, research, and industrial sectors. The company has developed a state-of-the-art semiconductor device production facility that focuses on long-wavelength semiconductor light sources and molecular beam epitaxy services on various substrates. Brolis is recognized for its innovative non-invasive medical sensor technology, which monitors blood constituents by integrating proprietary light-source technology with photonic integrated circuits. This technology enables real-time monitoring of critical molecules, offering significant advancements in wearable devices for digital health and sports markets. With a strong intellectual property portfolio, including several patents, Brolis operates across three European locations: its headquarters and semiconductor facility in Vilnius, an integrated photonics R&D office in Ghent, Belgium, and a defense sales and assembly site in Larne, Northern Ireland. The company has continued to grow, employing over 40 personnel and expanding its product offerings in the semiconductor and photonics sectors.
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