Tomas Kemtys

General Partner

Marc Wesselink

Venture Partner

Past deals in Lithuania

Bolt Bikes

Series B in 2021
Bolt Bikes Pty Ltd, trading as Zoomo, provides electric bike subscription rental services. The company manufactures the electric bikes and retails the bike through its website. It caters to individuals and delivery service sector. The company was incorporated in 2017 and is headquartered in Alexandria, New South Wales, Australia.

Bolt Bikes

Series B in 2021
Bolt Bikes Pty Ltd, trading as Zoomo, provides electric bike subscription rental services. The company manufactures the electric bikes and retails the bike through its website. It caters to individuals and delivery service sector. The company was incorporated in 2017 and is headquartered in Alexandria, New South Wales, Australia.

Aerodiagnostika Ltd.

Seed Round in 2019
Aerodiagnostika Ltd. develops multifunctional fixed-wing drones for beyond visual line of sight (BVLOS) flights. It offers technical support and periodic check-up for unmanned aerial vehicles (UAVs). The company offers aerial diagnostics services, artificial intelligence based analytics, and customized automated inspection services using UAVs that allows collection of diverse data. Additionally, the company organizes individual and group training sessions for UAV operators using their drones. The company was founded in 2018 and is based in Vilnius, Lithuania.

ViaNova

Seed Round in 2021
Urban mobility management platform, enabling cities and mobility providers to work seamlessly together towards more liveable cities

PVcase UAB

Series A in 2021
The unique tool that automates 3D terrain based solar engineering, so you not only save time, but also get much better precision

Urbio

Pre Seed Round in 2021
Urbio is a software that helps the key actors of the urban energy transition discover the most efficient solutions to achieve their environmental and economic goals.

Inbalance grid

Series A in 2021
Inbalance grid develops charging infrastructure that is built on a cluster system with a master and slave design concept, where the majority of the components are off the shelf and managed by In Balance grid software.

CHRG Network

Pre Seed Round in 2018
CHRG Network is software platform for EV charging that connects all charging stations into a single network, enabling owners to share and monetise their charging stations. Driver App allows to find, book, and pay for access to charging stations.

H2Pro, Ltd.

Seed Round in 2019
H2Pro, Ltd. develops water-splitting technology for producing hydrogen fuel. The company’s electrolysis technology, E-TAC (Electrochemical–Thermally-Activated Chemical water splitting), decouples the hydrogen and oxygen evolution reactions. The company was founded in 2019 and is based in Caesarea, Israel.

Inion

Seed Round in 2020
Control and monitoring solutions for solar plants and other industries.

Inbalance grid

Seed Round in 2020
Inbalance grid develops charging infrastructure that is built on a cluster system with a master and slave design concept, where the majority of the components are off the shelf and managed by In Balance grid software.

FuseBox OU

Pre Seed Round in 2018
Fusebox is building virtual power plant layers globally and trades the flexibility of electricity consumption to energy markets and balancing services. Fusebox also delivers necessary technology and know-how for local companies who have the necessary flexibility or have access to the flexibility through their existing client portfolios. Fusebox is a marketplace for flexibility and related services with Amazon model.

ViaNova

Seed Round in 2020
Urban mobility management platform, enabling cities and mobility providers to work seamlessly together towards more liveable cities

FuseBox OU

Seed Round in 2020
Fusebox is building virtual power plant layers globally and trades the flexibility of electricity consumption to energy markets and balancing services. Fusebox also delivers necessary technology and know-how for local companies who have the necessary flexibility or have access to the flexibility through their existing client portfolios. Fusebox is a marketplace for flexibility and related services with Amazon model.

H2Pro, Ltd.

Series A in 2020
H2Pro, Ltd. develops water-splitting technology for producing hydrogen fuel. The company’s electrolysis technology, E-TAC (Electrochemical–Thermally-Activated Chemical water splitting), decouples the hydrogen and oxygen evolution reactions. The company was founded in 2019 and is based in Caesarea, Israel.

Voltaware

Series A in 2018
Voltaware was formed from a group of professionals from diverse industries who realised that there is currently a huge lack of transparency in household energy bills. They came together to solve this problem and developed the Voltaware energy monitor to give consumers the information they need to get the best energy offerings on the market as well as becoming more energy efficient without compromising lifestyle.

Hepta Airborne

Seed Round in 2020
Hepta Airborne Ltd offers airborne inspection and technical analysis and consulting services. The company's drones provides airborne inspection of electricity infrastructure; assessment of the state of poles, lines, insulators, transformers, and other equipment; planning and route selection for overhead lines, land cables, wind and solar energy, and forestry inspection. The company provides data processing and geographic information system related consultation of the captured data and utility construction design services. The company was founded in 2017 and is based in Tallinn, Estonia.

Sterblue

Seed Round in 2018
Sterblue develops software for drones inspecting outdoor structures. The software enables drones to inspect power lines or wind turbines with automated trajectories. The software caters to wind and solar energy sectors, electricity distribution, and electricity transmission. Sterblue was founded in 2016 and is based in Nantes, France.

Bolt Bikes

Series A in 2020
Bolt Bikes Pty Ltd, trading as Zoomo, provides electric bike subscription rental services. The company manufactures the electric bikes and retails the bike through its website. It caters to individuals and delivery service sector. The company was incorporated in 2017 and is headquartered in Alexandria, New South Wales, Australia.

LastMile

Pre Seed Round in 2019
We provide a layer to launch e-commerce and delivery service for the retailers. 1. E-commerce - retailers have access to our platform with mobile apps and webpage to sell their products on. 2. Delivery service - express (one-hour), same-day or scheduled delivery and pickup from the store. 3. Mobile solutions - In-store product scanning and skipping checkout lane solution for app users and our gig-workers. Benefits for retailers: 65x lower investment; 2x cheaper costs per order delivery; One-hour delivery service; Added value with in-store mobile solutions and data insights; Visibility; New customers; Superfast onboarding - from scratch to market in few days!

Hepta Airborne

Seed Round in 2019
Hepta Airborne Ltd offers airborne inspection and technical analysis and consulting services. The company's drones provides airborne inspection of electricity infrastructure; assessment of the state of poles, lines, insulators, transformers, and other equipment; planning and route selection for overhead lines, land cables, wind and solar energy, and forestry inspection. The company provides data processing and geographic information system related consultation of the captured data and utility construction design services. The company was founded in 2017 and is based in Tallinn, Estonia.

Bolt Bikes

Seed Round in 2019
Bolt Bikes Pty Ltd, trading as Zoomo, provides electric bike subscription rental services. The company manufactures the electric bikes and retails the bike through its website. It caters to individuals and delivery service sector. The company was incorporated in 2017 and is headquartered in Alexandria, New South Wales, Australia.

Moixa Technology Ltd.

Corporate Round in 2019
Moixa Energy Holdings Ltd. manufactures and distributes smart energy technology and batteries. It offers smart batteries, solar panel and battery storage bundle, and dashboards. It offers GridShare services that enable users to share energy with others, as well as provides installation services. The company serves individual homeowners, government, integrators, utilities, third-party battery and electric vehicle companies, and housing associations. Moixa Energy Holdings Ltd. was founded in 2003 and is based in London, United Kingdom.

Inion

Pre Seed Round in 2019
Control and monitoring solutions for solar plants and other industries.

Aerodiagnostika Ltd.

Pre Seed Round in 2018
Aerodiagnostika Ltd. develops multifunctional fixed-wing drones for beyond visual line of sight (BVLOS) flights. It offers technical support and periodic check-up for unmanned aerial vehicles (UAVs). The company offers aerial diagnostics services, artificial intelligence based analytics, and customized automated inspection services using UAVs that allows collection of diverse data. Additionally, the company organizes individual and group training sessions for UAV operators using their drones. The company was founded in 2018 and is based in Vilnius, Lithuania.

Chooose AS

Seed Round in 2019
CHOOOSE provides everything consumer-facing enterprises need to deliver seamless, high-impact climate compensation options to millions of customers — directly in your e-commerce checkout or consumer application. The company was named startup of the year in Norway in 2017 and the first Western-European company to be named a global top 10 tech startup by Sir Richard Branson and the Extreme Tech Challenge.

Eliq AB

Series A in 2020
Eliq AB manufactures and offers smart meter sensor integrated with third party Smart Home systems. The company also develops and provides Eliq Energy Engagement Application which allows users to track energy consumption and generation, data analytics, API and integration, and software development kit. Eliq AB provides its products through retailers. Eliq AB was founded in 2008 and is based in Gothenburg, Sweden with an additional office in London, United Kingdom.

PVcase UAB

Pre Seed Round in 2018
The unique tool that automates 3D terrain based solar engineering, so you not only save time, but also get much better precision

Switchee

Series A in 2018
Switchee Limited develops and supplies connected devices and analytics for landlords and their residents. The company develops an Internet connected smart thermostat as an enterprise solution for housing. Its thermostat is used to manage heating and hot water in homes. The company serves landlords, residents, and installers. Switchee Limited was founded in 2014 and is based in London, United Kingdom with an additional office in Hyde.