LitCapital

LitCapital Asset Management is a private equity and venture capital firm founded in 2010 and based in Vilnius, Lithuania. The firm specializes in making equity investments in small and medium enterprises, primarily in the Baltic States, with a focus on sectors such as information technology, business services, consumer goods, medicine, and bioenergy. LitCapital typically invests between EUR 1 million and EUR 30 million, targeting minority growth investments in high-value, export-driven B2B companies. The firm adopts a hands-on investment approach and seeks to actively participate in its portfolio companies, often pursuing a board seat. LitCapital manages a growth capital fund established under the JEREMIE initiative in collaboration with the European Investment Fund, and it aims to exit its investments within three to six years. The firm does not invest in agriculture or socially irresponsible sectors.

Past deals in Baltics

Elinta Charge

Venture Round in 2022
Elinta Charge creates and puts together EV charging stations for both industrial and domestic use.

Ondato

Seed Round in 2021
Ondato specializes in providing remote customer identification and Know Your Customer (KYC) services that leverage artificial intelligence and machine learning technologies. The company offers a digital ID verification tool designed to help banks and fintech organizations comply with regulatory requirements across various industries, including banking, blockchain, and online trading. Ondato's solutions feature real-time video and photo identification, access to a comprehensive national and international document database, and a high level of security comparable to banking standards. Additionally, the platform allows for easy integration and offers significant process flexibility, making it adaptable to the specific needs of its clients while ensuring data protection and privacy.

Altechna

Acquisition in 2020
Altechna is a Lithuania-based manufacturer specializing in precision laser components and accessories. Founded in 1996, the company provides a wide range of products, including laser optics, crystals, and optomechanical assemblies, catering to industrial, semiconductor, security, and medical markets. Their offerings encompass various optical components such as dielectric coated optics, lenses, prisms, filters, and polarizing optics, alongside nonlinear crystals and motion control products. Altechna's expertise in optical coatings and designs allows clients to optimize laser geometries, enhancing performance and reducing product weight. The company ensures high quality and consistency through rigorous testing and metrology processes, supporting applications from femtosecond to continuous-wave laser technologies. Altechna exports its products to multiple countries, including those in the European Union, the United States, and Asia, and collaborates with distributors in several regions to broaden its market reach.

Audimas

Acquisition in 2018
Audimas is provides the development, design and manufacture of sports and active lifestyle clothing. Innovative technologies and thoroughly selected fabrics allow Audimas to create high quality products for an active life. Our clothing is made to be the companion during your lifetime travels, 365 days/year. The products are elegant, but at the same time functional, made of lightweight, comfortable, well-wearing, high-quality fabrics that will allow to feel comfortable and protected.

Altechna

Private Equity Round in 2013
Altechna is a Lithuania-based manufacturer specializing in precision laser components and accessories. Founded in 1996, the company provides a wide range of products, including laser optics, crystals, and optomechanical assemblies, catering to industrial, semiconductor, security, and medical markets. Their offerings encompass various optical components such as dielectric coated optics, lenses, prisms, filters, and polarizing optics, alongside nonlinear crystals and motion control products. Altechna's expertise in optical coatings and designs allows clients to optimize laser geometries, enhancing performance and reducing product weight. The company ensures high quality and consistency through rigorous testing and metrology processes, supporting applications from femtosecond to continuous-wave laser technologies. Altechna exports its products to multiple countries, including those in the European Union, the United States, and Asia, and collaborates with distributors in several regions to broaden its market reach.

Baltic Bicycle Trade

Private Equity Round in 2013
UAB Baltic Bicycle Trade develops, manufactures, sells, and distributes electric bicycles.

Brolis Semiconductors

Series A in 2012
Brolis Semiconductors Ltd., founded in 2011 by the Vizbaras brothers, specializes in the design and manufacturing of infrared laser diodes and electro-optic systems for defense, medical, research, and industrial applications. With its headquarters and semiconductor facility in Vilnius, Lithuania, the company also operates R&D offices in Ghent, Belgium, and a sales and assembly site in Larne, Northern Ireland. Brolis develops innovative non-invasive medical sensors that leverage proprietary light-source technology and photonic integrated circuits for real-time monitoring of blood constituents, such as glucose and lactates. This unique approach allows for direct interaction with target molecules, positioning Brolis at the forefront of wearable technology in digital health and sports markets. The company has established a strong intellectual property portfolio, holding 14 patents, and has experienced significant growth since its inception, expanding its workforce and product offerings.
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