Open Circle Capital

Open Circle Capital is a venture capital investment firm established in 2017 and based in Vilnius, Lithuania. The firm focuses on investing in technology companies within the fields of information and communications technology, robotics, and high-tech, primarily targeting firms in Northern Europe. Open Circle Capital prefers to partner with teams led by serial entrepreneurs who possess experience in growth, fundraising, or successful exits. The firm is particularly interested in companies that have achieved initial revenue and demonstrate high growth potential, as well as the capability to expand into international markets. Open Circle Capital's investment process begins with an initial conversation to understand the founders' ambitions, followed by a series of meetings to evaluate the opportunity, discuss terms, and conduct due diligence before formalizing the investment.

Klaudija BudreikaitÄ—

Principal

Audrius Milukas

Partner and CEO

Kasparas Navickas

Senior Analyst

20 past transactions

Perfection42

Seed Round in 2023
Perfection42 is an AI-based technology for game developers, 3d animators or video creators changing the way content is created by: - enabling the creation of Personalized Game Experiences for players by using quantifiable data - Saving Time by boosting development velocity. Create a level in 2 minutes rather than 2 days - Speeding up the iteration cycle: daily updates rather than monthly - changing the game developers focus from technical micro-level decisions to emotional High-Level Decisions

Whatagraph

Series A in 2021
Whatagraph is a marketing analytics visualization and automation platform designed to streamline the collection, visualization, and delivery of marketing data for agencies and teams. The platform allows users to blend data from various channels, accounts, and campaigns, providing a comprehensive overview of performance. Its features include automated report delivery, integration with Google Sheets and public APIs for custom data imports, and white-label options that enable personalized report branding with custom colors, logos, and domains. Whatagraph also offers ready-to-use templates for quick report creation and facilitates real-time collaboration among team members. By simplifying the process of transforming complex analytics into visually appealing infographic reports, Whatagraph helps marketing professionals save time and enhance their reporting capabilities.

Frontu (formerly Tasker)

Seed Round in 2021
TASKER is a flexible and effective tool for managing tasks, processes and employees. Made for businesses with a mobile workforce, it connects your office employees with your field service representatives in real time: your field service representative uses a personalized app on his Android device your office employee manages the process through the web portal.

Monimoto

Equity Crowdfunding in 2021
Monimoto, UAB is a company based in Vilnius, Lithuania that specializes in developing and manufacturing battery-powered GPS devices designed to prevent motorcycle theft. Founded in 2016, the company's innovative tracker autonomously alerts users if their motorcycle is moved or stolen by calling their phone. It activates when the motorcycle is in motion and not in proximity to its key, sending notifications to the user about any suspicious activity. Monimoto's device is marketed as easy to install and use, catering to motorcycle owners who seek to enhance the security of their vehicles. The company sells its products directly through its website, making it accessible to a wide range of customers.

Attention Insight

Seed Round in 2021
Attention Insight is a company that specializes in artificial intelligence-based visual engagement monitoring. Founded in 2019 and headquartered in Vilnius, Lithuania, with an office in Hamburg, Germany, the company provides a software as a service (SaaS) platform. This platform utilizes deep learning and eye movement tracking research data to generate predictive heatmaps, allowing users to analyze design and content effectively. Attention Insight's solutions cater primarily to marketing agencies, web development firms, and design agencies, enabling professionals such as marketers, product managers, and web/UX designers to make user-centric, data-driven decisions regarding design elements without the burdensome process of extensive data collection.

Billo

Seed Round in 2020
Billo.app UAB develops the marketing management platform. Its application offers content sharing and content creation for brands to connect with the fans. Billo.app UAB is based in Kaunas, Lithuania.

Eddy Travels

Pre Seed Round in 2020
Eddy Travels Inc. is an AI-enabled digital travel assistant that simplifies the trip planning process for users by providing personalized recommendations for flights, accommodations, car rentals, and other travel services. Founded in 2018 and based in Vilnius, Lithuania, the platform operates through popular messaging applications such as Facebook Messenger, WhatsApp, Slack, Viber, and Telegram. Targeting primarily millennial travelers in Canada and the United States, Eddy Travels employs advanced natural language processing technology to deliver tailored travel suggestions. By integrating offers from various leading travel companies, the platform allows users to find the best deals more efficiently and with voice support, enhancing the overall travel planning experience.

Whatagraph

Seed Round in 2020
Whatagraph is a marketing analytics visualization and automation platform designed to streamline the collection, visualization, and delivery of marketing data for agencies and teams. The platform allows users to blend data from various channels, accounts, and campaigns, providing a comprehensive overview of performance. Its features include automated report delivery, integration with Google Sheets and public APIs for custom data imports, and white-label options that enable personalized report branding with custom colors, logos, and domains. Whatagraph also offers ready-to-use templates for quick report creation and facilitates real-time collaboration among team members. By simplifying the process of transforming complex analytics into visually appealing infographic reports, Whatagraph helps marketing professionals save time and enhance their reporting capabilities.

Frontu (formerly Tasker)

Seed Round in 2020
TASKER is a flexible and effective tool for managing tasks, processes and employees. Made for businesses with a mobile workforce, it connects your office employees with your field service representatives in real time: your field service representative uses a personalized app on his Android device your office employee manages the process through the web portal.

Perfection42

Pre Seed Round in 2020
Perfection42 is an AI-based technology for game developers, 3d animators or video creators changing the way content is created by: - enabling the creation of Personalized Game Experiences for players by using quantifiable data - Saving Time by boosting development velocity. Create a level in 2 minutes rather than 2 days - Speeding up the iteration cycle: daily updates rather than monthly - changing the game developers focus from technical micro-level decisions to emotional High-Level Decisions

Eddy Travels

Pre Seed Round in 2019
Eddy Travels Inc. is an AI-enabled digital travel assistant that simplifies the trip planning process for users by providing personalized recommendations for flights, accommodations, car rentals, and other travel services. Founded in 2018 and based in Vilnius, Lithuania, the platform operates through popular messaging applications such as Facebook Messenger, WhatsApp, Slack, Viber, and Telegram. Targeting primarily millennial travelers in Canada and the United States, Eddy Travels employs advanced natural language processing technology to deliver tailored travel suggestions. By integrating offers from various leading travel companies, the platform allows users to find the best deals more efficiently and with voice support, enhancing the overall travel planning experience.

Attention Insight

Seed Round in 2019
Attention Insight is a company that specializes in artificial intelligence-based visual engagement monitoring. Founded in 2019 and headquartered in Vilnius, Lithuania, with an office in Hamburg, Germany, the company provides a software as a service (SaaS) platform. This platform utilizes deep learning and eye movement tracking research data to generate predictive heatmaps, allowing users to analyze design and content effectively. Attention Insight's solutions cater primarily to marketing agencies, web development firms, and design agencies, enabling professionals such as marketers, product managers, and web/UX designers to make user-centric, data-driven decisions regarding design elements without the burdensome process of extensive data collection.

Pixevia

Non Equity Assistance in 2019
Pixevia, founded in 2015 and based in Vilnius, Lithuania, specializes in creating automated retail environments through artificial intelligence. The company offers a smart store automation platform that enables fully autonomous convenience stores, eliminating the need for cashiers and long waiting lines. Utilizing advanced technologies such as cameras and sensors, Pixevia's system allows customers to enter the store, select items, and exit without traditional checkout processes. The platform includes features for layout management, inventory oversight, assortment management, and advanced analytics, which help businesses manage their operations efficiently. Additionally, it provides out-of-shelf alerts and forecasting capabilities, ultimately reducing operating expenses for retailers while enhancing the shopping experience.

Teamgate

Seed Round in 2019
TEAMGATE LTD designs, develops, and offers sales CRM software. The company's software offers solutions such as sales dashboard lead management, contact management, sales pipeline management, time management, analytics and reports, and sales velocity. It also provides mobile application for tracking sales activity. The company was founded in 2012 and is headquartered in London, United Kingdom.

Whatagraph

Seed Round in 2019
Whatagraph is a marketing analytics visualization and automation platform designed to streamline the collection, visualization, and delivery of marketing data for agencies and teams. The platform allows users to blend data from various channels, accounts, and campaigns, providing a comprehensive overview of performance. Its features include automated report delivery, integration with Google Sheets and public APIs for custom data imports, and white-label options that enable personalized report branding with custom colors, logos, and domains. Whatagraph also offers ready-to-use templates for quick report creation and facilitates real-time collaboration among team members. By simplifying the process of transforming complex analytics into visually appealing infographic reports, Whatagraph helps marketing professionals save time and enhance their reporting capabilities.

sixads

Seed Round in 2019
Sixads, UAB is a company based in Vilnius, Lithuania, founded in 2018, that specializes in developing a marketing platform designed for small and medium e-commerce businesses. The platform facilitates an ad exchange system where online stores can swap product advertisements, thereby increasing traffic by displaying partner products. This service provides features such as category targeting, performance analytics, customizable appearances, and seamless integration, allowing web stores to enhance their customer attraction efforts and effectively promote their offerings.

Frontu (formerly Tasker)

Seed Round in 2018
TASKER is a flexible and effective tool for managing tasks, processes and employees. Made for businesses with a mobile workforce, it connects your office employees with your field service representatives in real time: your field service representative uses a personalized app on his Android device your office employee manages the process through the web portal.

Teamgate

Seed Round in 2018
TEAMGATE LTD designs, develops, and offers sales CRM software. The company's software offers solutions such as sales dashboard lead management, contact management, sales pipeline management, time management, analytics and reports, and sales velocity. It also provides mobile application for tracking sales activity. The company was founded in 2012 and is headquartered in London, United Kingdom.

Perfection42

Angel Round in 2018
Perfection42 is an AI-based technology for game developers, 3d animators or video creators changing the way content is created by: - enabling the creation of Personalized Game Experiences for players by using quantifiable data - Saving Time by boosting development velocity. Create a level in 2 minutes rather than 2 days - Speeding up the iteration cycle: daily updates rather than monthly - changing the game developers focus from technical micro-level decisions to emotional High-Level Decisions

Tipi

Seed Round in 2018
Tipi is a communication tool designed to enhance collaboration within rapidly evolving organizations. It promotes inclusiveness by helping teams organize and share ideas, files, and learnings effectively. The platform focuses on improving information management and communication, fostering a healthy team environment. By bridging gaps between employees and facilitating positive office relationships, Tipi enables businesses to streamline knowledge sharing and increase productivity.
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