Practica Capital

Practica Capital UAB is a venture capital firm based in Vilnius, Lithuania, founded in 2011. It specializes in investments across various stages, including incubation, seed, early venture, and growth capital, primarily targeting technology-driven micro, small, and medium-sized enterprises. The firm invests in companies located in the Baltic region—Lithuania, Latvia, and Estonia—as well as in Nordic countries and select European markets. Practica Capital typically invests between €0.003 million and €3 million, focusing on equity and quasi-equity instruments while aiming for a minority stake in its portfolio companies. The firm actively engages with its investments by offering guidance and often taking board seats. Practica Capital seeks to exit its investments within two to five years through various means, including trade sales, IPOs, or refinancing. Currently managing €50 million across multiple funds, it has made over 50 investments and continues to be a prominent player in the Baltic venture capital landscape.

Tomas Andriuskevicius

Partner and CEO

Arvydas Bloze

Partner

Vilius Kateiva

Associate

Donatas Keras

Partner

Petras Miciunas

Partner

Helery Pops

Investment Manager

Past deals in Latvia

Edurio

Seed Round in 2020
Edurio Ltd. is a start-up based in Riga, Latvia, that develops web-based educational toolkits designed for schools and educational organizations. Founded in 2014, Edurio's primary focus is on facilitating various ongoing improvement activities within educational institutions. The company offers tools that enable schools to collect student feedback, conduct self-assessments, manage classroom observations, and share best practices among educators. One of its key products, Edurio Feedback, allows students to evaluate their motivation to learn, their understanding of subjects, and the effectiveness of their teachers' approaches. By providing a platform for students to share observations about teaching practices, Edurio empowers educators and school leaders to gain valuable insights into the learning environment, ultimately aiming to enhance the quality of education.

Sonarworks

Series A in 2019
Sonarworks Ltd. is a software company based in Riga, Latvia, founded in 2012. It specializes in sound calibration technology that enhances audio quality on various headphones and speakers without any physical modifications. The company's flagship products include Reference 4, which is tailored for studio use and offers both studio and headphone editions, and True-Fi, designed for general listeners. Sonarworks' software is utilized by professional recording studios worldwide, with over 3,000 studios employing its technology to ensure accurate sound reproduction. The company emphasizes bridging the gap between sound creators and listeners by eliminating noise shortcomings and enabling users to experience music as intended by the artists. Sonarworks distributes its software online and through dealers, contributing to its international reach and influence in the audio industry.

Robert Kalinkin

Seed Round in 2015
Robert Kalinkin is a Lithuanian fashion brand that designs, manufactures, and retails apparel for both men and women. The brand specializes in ready-to-wear collections, as well as made-to-order and couture items, which include accessories and footwear. With a focus on expressively raw elegance and a militaristic edge, Robert Kalinkin's designs are characterized by precise tailoring and bold details, allowing clients to adapt their looks for various occasions. The company's products are available through physical stores located in Riga, Latvia; Vilnius and Kaunas, Lithuania; Schaumburg, Illinois; and Chester, United Kingdom, as well as through an online marketplace. The brand's creative direction reflects a commitment to innovative cutting and thoughtful asymmetry, catering to a rigorous clientele seeking distinctive fashion choices.

TVC

Venture Round in 2014
TVC Solutions, UAB operates as a television, radio, IT, and communications systems integrator, and equipment supplier in Europe, the Middle East, and Asia. It offers outside broadcasting (OB) vans design and installation services for TV shows, sports events, and entertainment and cultural events; OB upgrade services; and DSNG vans and flyaway systems. The company also provides system integration services for TV production and live studios, play out automations, MCR automations, newsrooms, video editing studios, video archives, NLE stations, DSNG stations, MSMS stations, OB vans, and flyaway units. In addition, it supplies broadcast video and audio equipment. Further, the company provides customized equipment and studio furniture, which include custom design and construction of equipment racks; custom design and construction of desks and consoles; and design and production of customized equipment, interface boxes, etc. Furthermore, it offers professional broadcast equipment services for TV production and live studios, play out automation, MCR automation, monitoring systems, newsrooms, video editing studios, video archives, NLE stations, DSNG, spectrum monitoring stations, OB vans, fly away units, cinema studios, and radio studios. TVC Solutions, UAB was founded in 1996 and is based in Šiauliai, Lithuania. The company has subsidiaries in Latvia, Belarus, Ukraine, Georgia, and Kazakhstan. As of October 22, 2020, TVC Solutions, UAB operates as a subsidiary of Broadcast Solutions GmbH.

Mobassurance

Seed Round in 2013
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.
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