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, particularly in Northern Europe. Open Circle Capital seeks to collaborate with teams led by experienced entrepreneurs who have a track record of growth, fundraising, and successful exits. The firm is interested in early-stage companies that have recently generated revenue and demonstrate potential for rapid growth and expansion into international markets. Its investment approach begins with discussions to understand the ambitions of the entrepreneurs, followed by a structured evaluation process that culminates in a legal agreement to support the venture.

Klaudija Budreikaitė

Principal

Kasparas Navickas

Senior Analyst

Rokas Tamošiūnas

Partner

34 past transactions

Pixevia

Venture Round in 2024
Pixevia is a technology company based in Vilnius, Lithuania, founded in 2015. It specializes in developing automated retail solutions powered by artificial intelligence. The company's flagship product is a fully autonomous store that utilizes AI, cameras, and sensors to create a seamless shopping experience without cashiers or waiting lines. Pixevia's platform includes features such as layout management, inventory management, assortment management, and out-of-shelf alerts, enabling businesses to efficiently manage their operations. The system automatically detects items taken from the shelves, creating a virtual shopping cart and allowing clients to reduce operating expenses while enhancing customer convenience through advanced analytics and task management.

Perfection42

Seed Round in 2023
Perfection42 is an AI technology platform tailored for visual media companies, specializing in the creation of high-quality content at scale. The platform integrates renowned AI models into custom workflows, streamlining operations to enhance efficiency and productivity while simultaneously reducing production costs. Perfection42 also focuses on AI-powered image generation, offering advanced techniques for 3D style transfer that transform images into artistic renditions. Additionally, the company provides AI solutions for level design in game development, enabling developers and studios to expedite their processes and deliver engaging video game experiences to enthusiasts. Through its innovative offerings, Perfection42 aims to elevate the standards of content creation within the visual media and gaming industries.

Billo

Seed Round in 2021
Billo.app UAB is a marketing management platform based in Kaunas, Lithuania. The company specializes in providing tools for content creation and sharing, enabling brands to connect effectively with their audiences. Billo offers an all-in-one solution for producing custom eCommerce videos, video advertisements, product videos, and commercials, streamlining the video marketing process for businesses.

Whatagraph

Series A in 2021
Whatagraph is a marketing analytics visualization and automation platform that simplifies the collection, visualization, and delivery of marketing data for agencies and teams. It allows users to blend data from multiple channels and campaigns, providing a clear overview of performance. Key features include automated report delivery, the ability to integrate custom data through Google Sheets and public APIs, and white-label options for personalized reporting. Users can create marketing performance reports quickly using ready-to-go templates, facilitating efficient collaboration among team members. Whatagraph's software transforms complex analytics from websites and social media into easily digestible visual reports, enabling marketing professionals to save time while gaining insights into their web and social performance.

Frontu

Seed Round in 2021
Frontu is a developer of a field service management platform tailored for businesses with mobile workforces. The platform facilitates real-time communication between office employees and field service representatives through a personalized app for Android devices and a web portal for management. It offers a comprehensive suite of features that includes task assessment, route planning and navigation, inventory monitoring, job alerts, task revisions, and analytical reporting. By streamlining processes and enhancing connectivity, Frontu enables businesses to optimize operations and boost productivity.

Smart Vision

Seed Round in 2021
Smart Vision is based in Riga, Latvia. It is an online e-commerce store that sells eye protection lenses, glasses, and sunglasses for men and women, as well as providing delivery services.

Monimoto

Equity Crowdfunding in 2021
Monimoto is a company that specializes in the development and manufacturing of a user-friendly GPS tracker designed to combat vehicle theft, particularly for motorcycles. Its innovative tracking system is autonomous and battery-powered, allowing for easy installation and operation via a smartphone application. The technology enables users to monitor their vehicle's location, even indoors, and provides alerts through a call alarm when unauthorized movement is detected. By offering a convenient solution for vehicle tracking, Monimoto aims to significantly reduce the risk of auto theft and enhance the security of its users' motorcycles.

Attention Insight

Seed Round in 2021
Attention Insight is a technology company based in Vilnius, Lithuania, with an additional office in Hamburg, Germany, founded in 2019. It specializes in developing an AI-based platform that leverages deep learning to enhance consumer visual engagement monitoring. The company offers a software as a service (SaaS) solution that utilizes predictive eye-tracking algorithms to analyze design and content effectiveness. By generating heatmaps that indicate where users are likely to focus their attention, Attention Insight enables businesses to make data-driven decisions regarding their design strategies. This approach allows organizations to improve advertising campaign results and design performance without the need for labor-intensive data collection, thereby streamlining the process of visual engagement assessment.

Attention Insight

Seed Round in 2021
Attention Insight is a technology company based in Vilnius, Lithuania, with an additional office in Hamburg, Germany, founded in 2019. It specializes in developing an AI-based platform that leverages deep learning to enhance consumer visual engagement monitoring. The company offers a software as a service (SaaS) solution that utilizes predictive eye-tracking algorithms to analyze design and content effectiveness. By generating heatmaps that indicate where users are likely to focus their attention, Attention Insight enables businesses to make data-driven decisions regarding their design strategies. This approach allows organizations to improve advertising campaign results and design performance without the need for labor-intensive data collection, thereby streamlining the process of visual engagement assessment.

Smart Vision

Seed Round in 2021
Smart Vision is based in Riga, Latvia. It is an online e-commerce store that sells eye protection lenses, glasses, and sunglasses for men and women, as well as providing delivery services.

Billo

Seed Round in 2020
Billo.app UAB is a marketing management platform based in Kaunas, Lithuania. The company specializes in providing tools for content creation and sharing, enabling brands to connect effectively with their audiences. Billo offers an all-in-one solution for producing custom eCommerce videos, video advertisements, product videos, and commercials, streamlining the video marketing process for businesses.

Ars Ingenii

Seed Round in 2020
Ars Ingenii is a pioneer in logistics and fulfillment solutions, specializing in e-commerce logistics through the development of advanced hardware and software technologies. The company offers innovative, patented robotized material handling systems, including Micro Distribution Centers and automated fulfillment center solutions, designed to enhance efficiency in the supply chain. By integrating its technologies, Ars Ingenii connects consumers directly with global brands, facilitating a streamlined and sustainable online shopping experience. The company emphasizes convenience and environmental responsibility, enabling clients to leverage a multitier software model that combines artificial intelligence with automated material handling for optimal performance. Through these efforts, Ars Ingenii aims to redefine the logistics landscape and improve delivery efficiency from origin to consumer.

Eddy Travels

Pre Seed Round in 2020
Eddy Travels Inc. is an AI-based digital travel assistant founded in 2018 and headquartered in Vilnius, Lithuania. The company operates an online platform that enables users to search for flight, accommodation, car rental, and hotel deals through popular chat applications such as Facebook Messenger, WhatsApp, Slack, Rakuten Viber, and Telegram. Eddy Travels leverages artificial intelligence to provide customized travel solutions, allowing users to find the best options efficiently. The platform also features voice support, enhancing the user experience by facilitating seamless online travel assistance.

Whatagraph

Seed Round in 2020
Whatagraph is a marketing analytics visualization and automation platform that simplifies the collection, visualization, and delivery of marketing data for agencies and teams. It allows users to blend data from multiple channels and campaigns, providing a clear overview of performance. Key features include automated report delivery, the ability to integrate custom data through Google Sheets and public APIs, and white-label options for personalized reporting. Users can create marketing performance reports quickly using ready-to-go templates, facilitating efficient collaboration among team members. Whatagraph's software transforms complex analytics from websites and social media into easily digestible visual reports, enabling marketing professionals to save time while gaining insights into their web and social performance.

Frontu

Seed Round in 2020
Frontu is a developer of a field service management platform tailored for businesses with mobile workforces. The platform facilitates real-time communication between office employees and field service representatives through a personalized app for Android devices and a web portal for management. It offers a comprehensive suite of features that includes task assessment, route planning and navigation, inventory monitoring, job alerts, task revisions, and analytical reporting. By streamlining processes and enhancing connectivity, Frontu enables businesses to optimize operations and boost productivity.

Perfection42

Pre Seed Round in 2020
Perfection42 is an AI technology platform tailored for visual media companies, specializing in the creation of high-quality content at scale. The platform integrates renowned AI models into custom workflows, streamlining operations to enhance efficiency and productivity while simultaneously reducing production costs. Perfection42 also focuses on AI-powered image generation, offering advanced techniques for 3D style transfer that transform images into artistic renditions. Additionally, the company provides AI solutions for level design in game development, enabling developers and studios to expedite their processes and deliver engaging video game experiences to enthusiasts. Through its innovative offerings, Perfection42 aims to elevate the standards of content creation within the visual media and gaming industries.

Eddy Travels

Pre Seed Round in 2019
Eddy Travels Inc. is an AI-based digital travel assistant founded in 2018 and headquartered in Vilnius, Lithuania. The company operates an online platform that enables users to search for flight, accommodation, car rental, and hotel deals through popular chat applications such as Facebook Messenger, WhatsApp, Slack, Rakuten Viber, and Telegram. Eddy Travels leverages artificial intelligence to provide customized travel solutions, allowing users to find the best options efficiently. The platform also features voice support, enhancing the user experience by facilitating seamless online travel assistance.

Solarbank

Seed Round in 2019
Solarbank is a company focused on promoting sustainable energy consumption through the development of innovative solar power solutions. It specializes in the construction of remote solar power plants that utilize advanced solid pro-double-sided solar modules. These modules are designed to capture solar energy from both sides and are mounted on specialized platforms that track the sun's movement throughout the day. This technology not only enhances energy efficiency but also helps residential and commercial customers reduce their energy costs and minimize their carbon footprints. By providing a smart renewable energy platform, Solarbank aims to contribute to the transition towards cleaner energy sources.

Perfection42

Angel Round in 2019
Perfection42 is an AI technology platform tailored for visual media companies, specializing in the creation of high-quality content at scale. The platform integrates renowned AI models into custom workflows, streamlining operations to enhance efficiency and productivity while simultaneously reducing production costs. Perfection42 also focuses on AI-powered image generation, offering advanced techniques for 3D style transfer that transform images into artistic renditions. Additionally, the company provides AI solutions for level design in game development, enabling developers and studios to expedite their processes and deliver engaging video game experiences to enthusiasts. Through its innovative offerings, Perfection42 aims to elevate the standards of content creation within the visual media and gaming industries.

Whatagraph

Seed Round in 2019
Whatagraph is a marketing analytics visualization and automation platform that simplifies the collection, visualization, and delivery of marketing data for agencies and teams. It allows users to blend data from multiple channels and campaigns, providing a clear overview of performance. Key features include automated report delivery, the ability to integrate custom data through Google Sheets and public APIs, and white-label options for personalized reporting. Users can create marketing performance reports quickly using ready-to-go templates, facilitating efficient collaboration among team members. Whatagraph's software transforms complex analytics from websites and social media into easily digestible visual reports, enabling marketing professionals to save time while gaining insights into their web and social performance.

Tipi

Venture Round in 2019
Tipi is a developer of a smart communication tool aimed at enhancing team collaboration and inclusiveness within organizations. The platform facilitates the organization and sharing of ideas, files, and learnings, promoting effective information management and communication. By bridging gaps between employees, Tipi helps establish positive office relationships and supports a healthy team environment. This tool enables businesses to streamline communication, ensuring that all team members are well-informed and can work together more efficiently without the need for constant interruptions. Through its thoughtful design, Tipi seeks to improve productivity and foster a more cohesive workplace culture.

Paysolut

Seed Round in 2019
Paysolut Ltd is a London-based company that specializes in developing mobile banking software for businesses. Founded in 2017, the company offers a comprehensive platform designed to facilitate various payment processes, including cross-border, peer-to-peer, and person-to-merchant transactions. Its product suite includes payment and remittance applications, a payments origination system, a system integrations module, and a SEPA payments gateway. By acting as a single vendor for software, expertise, and partnerships, Paysolut enables businesses to streamline their payment operations, reduce costs, and accelerate growth, ultimately helping them to achieve their financial goals more effectively.

Attention Insight

Seed Round in 2019
Attention Insight is a technology company based in Vilnius, Lithuania, with an additional office in Hamburg, Germany, founded in 2019. It specializes in developing an AI-based platform that leverages deep learning to enhance consumer visual engagement monitoring. The company offers a software as a service (SaaS) solution that utilizes predictive eye-tracking algorithms to analyze design and content effectiveness. By generating heatmaps that indicate where users are likely to focus their attention, Attention Insight enables businesses to make data-driven decisions regarding their design strategies. This approach allows organizations to improve advertising campaign results and design performance without the need for labor-intensive data collection, thereby streamlining the process of visual engagement assessment.

Smart Vision

Seed Round in 2019
Smart Vision is based in Riga, Latvia. It is an online e-commerce store that sells eye protection lenses, glasses, and sunglasses for men and women, as well as providing delivery services.

Vision Technologies

Seed Round in 2019
Five business units in pursuit of 100% customer satisfaction – expert audio-visual, professional services, security, wireless and structured cabling capabilities. An ITD™ Design-Build methodology like no other. Corporate certifications plus the support of everything IP uniquely qualify us among technology integrators. But that’s just the start. Our committed team, entrenched in a culture of support, works to ensure an unforgettable customer experience. We commit ourselves to the community, supporting veteran’s organizations, United Way, March of Dimes, and more. Plus, a healthy environment for our teammates – caring people focused on great outcomes.

Pixevia

Non Equity Assistance in 2019
Pixevia is a technology company based in Vilnius, Lithuania, founded in 2015. It specializes in developing automated retail solutions powered by artificial intelligence. The company's flagship product is a fully autonomous store that utilizes AI, cameras, and sensors to create a seamless shopping experience without cashiers or waiting lines. Pixevia's platform includes features such as layout management, inventory management, assortment management, and out-of-shelf alerts, enabling businesses to efficiently manage their operations. The system automatically detects items taken from the shelves, creating a virtual shopping cart and allowing clients to reduce operating expenses while enhancing customer convenience through advanced analytics and task management.

Teamgate

Seed Round in 2019
Teamgate Ltd is a company that specializes in the design and development of sales customer relationship management (CRM) software. Established in 2012 and headquartered in London, United Kingdom, Teamgate offers a comprehensive platform that includes features such as sales dashboard, lead management, contact management, sales pipeline management, and analytics. The software is designed to streamline the sales process for professionals in various sectors, including startups and enterprises. Its user-friendly interface and essential integrations facilitate effective targeting and performance tracking, allowing sales teams to enhance their efficiency throughout the sales cycle. Additionally, Teamgate provides a mobile application to help users monitor sales activities on the go, ensuring that businesses can manage their sales operations effectively and generate actionable insights.

Whatagraph

Seed Round in 2019
Whatagraph is a marketing analytics visualization and automation platform that simplifies the collection, visualization, and delivery of marketing data for agencies and teams. It allows users to blend data from multiple channels and campaigns, providing a clear overview of performance. Key features include automated report delivery, the ability to integrate custom data through Google Sheets and public APIs, and white-label options for personalized reporting. Users can create marketing performance reports quickly using ready-to-go templates, facilitating efficient collaboration among team members. Whatagraph's software transforms complex analytics from websites and social media into easily digestible visual reports, enabling marketing professionals to save time while gaining insights into their web and social performance.

sixads

Seed Round in 2019
Sixads, UAB is a company based in Vilnius, Lithuania, founded in 2018. It specializes in developing an ad exchange platform that enables web stores to exchange product advertisements, enhancing traffic generation through partnerships with other online stores. Additionally, Sixads offers a Shopify app that assists businesses in creating and managing effective advertising campaigns across platforms such as Facebook, Instagram, and Google. The app allows users to select products for promotion, design ad visuals, and define targeting and text, streamlining the process of setting up digital marketing efforts for e-commerce businesses.

Frontu

Seed Round in 2018
Frontu is a developer of a field service management platform tailored for businesses with mobile workforces. The platform facilitates real-time communication between office employees and field service representatives through a personalized app for Android devices and a web portal for management. It offers a comprehensive suite of features that includes task assessment, route planning and navigation, inventory monitoring, job alerts, task revisions, and analytical reporting. By streamlining processes and enhancing connectivity, Frontu enables businesses to optimize operations and boost productivity.

Teamgate

Seed Round in 2018
Teamgate Ltd is a company that specializes in the design and development of sales customer relationship management (CRM) software. Established in 2012 and headquartered in London, United Kingdom, Teamgate offers a comprehensive platform that includes features such as sales dashboard, lead management, contact management, sales pipeline management, and analytics. The software is designed to streamline the sales process for professionals in various sectors, including startups and enterprises. Its user-friendly interface and essential integrations facilitate effective targeting and performance tracking, allowing sales teams to enhance their efficiency throughout the sales cycle. Additionally, Teamgate provides a mobile application to help users monitor sales activities on the go, ensuring that businesses can manage their sales operations effectively and generate actionable insights.

Smart Vision

Seed Round in 2018
Smart Vision is based in Riga, Latvia. It is an online e-commerce store that sells eye protection lenses, glasses, and sunglasses for men and women, as well as providing delivery services.

Perfection42

Angel Round in 2018
Perfection42 is an AI technology platform tailored for visual media companies, specializing in the creation of high-quality content at scale. The platform integrates renowned AI models into custom workflows, streamlining operations to enhance efficiency and productivity while simultaneously reducing production costs. Perfection42 also focuses on AI-powered image generation, offering advanced techniques for 3D style transfer that transform images into artistic renditions. Additionally, the company provides AI solutions for level design in game development, enabling developers and studios to expedite their processes and deliver engaging video game experiences to enthusiasts. Through its innovative offerings, Perfection42 aims to elevate the standards of content creation within the visual media and gaming industries.

Tipi

Seed Round in 2018
Tipi is a developer of a smart communication tool aimed at enhancing team collaboration and inclusiveness within organizations. The platform facilitates the organization and sharing of ideas, files, and learnings, promoting effective information management and communication. By bridging gaps between employees, Tipi helps establish positive office relationships and supports a healthy team environment. This tool enables businesses to streamline communication, ensuring that all team members are well-informed and can work together more efficiently without the need for constant interruptions. Through its thoughtful design, Tipi seeks to improve productivity and foster a more cohesive workplace culture.
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