Practica Capital
Practica Capital UAB is a venture capital firm based in Vilnius, Lithuania, specializing in investments across various stages, including incubation, seed, early venture, and growth capital. Founded in 2011, the firm focuses on micro, small, and medium-sized businesses primarily in the Baltic region, including Estonia, Latvia, and Lithuania, as well as select opportunities in neighboring countries such as Finland, Sweden, Poland, Germany, and Denmark. Practica Capital typically invests between €0.2 million and €3 million, favoring equity stakes and convertible debt instruments. The firm aims to work collaboratively with portfolio companies, often taking board seats or advisory roles, and seeks to exit its investments within two to five years through methods such as trade sales, IPOs, or refinancing. With a management portfolio of approximately €50 million across multiple funds, Practica Capital is recognized as one of the most active venture capital syndicate partners in the region.
Montonio Finance OÜ, founded in 2018 and based in Tallinn, Estonia, operates as a point-of-sale financing aggregator that leverages open banking to enhance credit efficiency and transparency. The company's platform simplifies the application process for hire purchase both online and in physical stores, helping merchants reduce lost sales and save time on service. Montonio's software integrates various payment methods and offers tools for refunds and shipping, allowing online merchants to streamline their operations and increase revenue through a unified dashboard. By focusing on creating a seamless experience for both merchants and customers, Montonio aims to improve the overall efficiency of credit intermediation services.
UAB Mobassurance is a technology-driven financial products distributor based in Vilnius, Lithuania, with an additional location in Riga, Latvia. The company focuses on developing and implementing mobassurance business models in collaboration with mobile network operators both locally and internationally. These models encompass various insurance products, including on-demand travel insurance, bill protection, and device insurance. By leveraging mobile operators' existing infrastructure, such as SMS gateways and billing systems, Mobassurance facilitates the distribution of insurance products and integrates insurance risk carriers into the process. The company offers its technology platform as a Software as a Service solution, allowing mobile operators to enhance their value-added services while providing new sales channels for the insurance industry. With a team experienced in finance and technology, Mobassurance aims to innovate the way insurance is sold and accessed, ultimately benefiting all parties involved.