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.
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 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.
UAB Robert Kalinkin designs, manufactures, and retails men and women apparel. It also offers ready-to-wear apparel; and made-to-order and couture items, accessories, and footwear. The company offers its products through its stores in Riga, Latvia; Vilnius and Kaunas, Lithuania; Schaumburg, Illinois; and Chester, United Kingdom. It also offers its products online, as well as through other retail locations. The company is based in Vilnius, Lithuania.
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.