Practica Capital

Practica Capital is a venture capital firm based in Vilnius, Lithuania, established in 2011. It focuses on early-stage investments, particularly in seed and selected pre-seed and A-stage technology companies in the Baltic States. Over the past decade, Practica Capital has invested in more than 60 companies, supporting ambitious founders and contributing to their growth as company builders. The firm is recognized as a leading partner in the Baltic region, actively co-investing with various stakeholders, including local and international venture capital firms, accelerators, and public agencies. With a commitment to the technology sector, Practica Capital aims to foster innovation and entrepreneurship in the Baltic region.

Andriuškevicius CFA, Tomas

Partner and CEO

Donatas Keras

Partner

Miciunas, Petras

Partner

Tamutis, Silvestras

Partner

Past deals in Baltics

Evergrowth

Pre Seed Round in 2024
Evergrowth is a B2B account-based sales platform that utilizes AI-driven insights to enhance customer engagement and drive sustainable revenue growth for businesses. Founded in November 2023 by a team of experienced entrepreneurs, the company focuses on helping B2B sales teams acquire high-value clients through effective account-based strategies. Evergrowth offers services that include dedicated lead research, data-driven sales consulting, and expertise in sales development representative playbooks. Its AI-powered tools facilitate efficient management of the Total Addressable Market (TAM) by enabling sales teams to personalize interactions and improve overall sales outcomes. With offices in Vilnius, Lithuania, and New York City, USA, Evergrowth aims to transform how companies engage with their customers and achieve success.

Watalook

Seed Round in 2022
Watalook is a beauty booking platform that connects clients with beauty professionals, facilitating an efficient appointment scheduling process. The platform allows beauty experts to manage bookings through custom calendars, automate reminders, and maintain a client history dashboard. Additionally, beauty professionals can create personal web pages to showcase their services and work, enhancing their visibility and appeal to potential clients. Watalook primarily operates in Lithuania, the UK, the US, and Norway, making it easier for customers to discover and book beauty services in these markets.

Billo

Seed Round in 2021
Billo.app UAB is a company based in Kaunas, Lithuania, that has developed a marketing management platform designed to enhance brand engagement. The platform enables users to create and share a variety of video content, including eCommerce videos, advertisements, product showcases, and commercials. By providing tools for bespoke content creation, Billo aims to help brands effectively connect with their audience and enhance their marketing efforts.

Eddy Travels

Pre Seed Round in 2020
Eddy Travels Inc. is an AI-based digital travel assistant founded in 2018 and based in Vilnius, Lithuania. The company operates an online platform that enables users to search for flights, accommodations, car rentals, and hotel deals directly within popular chat applications such as Facebook Messenger, WhatsApp, Slack, Rakuten Viber, and Telegram. By leveraging artificial intelligence, Eddy Travels provides personalized travel recommendations and helps users find the most cost-effective options in less time. The platform also includes features like voice support, enhancing the overall travel planning experience by offering efficient and user-friendly assistance.

Eddy Travels

Pre Seed Round in 2019
Eddy Travels Inc. is an AI-based digital travel assistant founded in 2018 and based in Vilnius, Lithuania. The company operates an online platform that enables users to search for flights, accommodations, car rentals, and hotel deals directly within popular chat applications such as Facebook Messenger, WhatsApp, Slack, Rakuten Viber, and Telegram. By leveraging artificial intelligence, Eddy Travels provides personalized travel recommendations and helps users find the most cost-effective options in less time. The platform also includes features like voice support, enhancing the overall travel planning experience by offering efficient and user-friendly assistance.

Sonarworks

Series A in 2019
Sonarworks Ltd. is an audio technology company based in Riga, Latvia, founded in 2012. It specializes in software that calibrates sound across various headphones and speakers, enhancing audio experiences for both consumers and professionals. The company's key offerings include Reference 4, which is tailored for studio environments, and True-Fi, designed for everyday listeners. Sonarworks' SoundID technology customizes sound devices to align with individual hearing preferences, improving sound quality and eliminating noise shortcomings. This software is widely used in professional recording studios and is available online as well as through international dealers, bridging the gap between sound creators and listeners.

Rubedo Sistemos

Seed Round in 2016
Rubedo Sistemos (a.k.a. Rubedos®), a Lithuania-based pioneer company of mobile robotics solutions, develops 3D visual perception and navigation technology for free ranging vision guided robotics applications in various industries, including manufacturing, material handling, and healthcare. The company is well regarded for its FDA-compliant robotic precise tumor targeting solution designed exclusively for an image guided radiation therapy product of Elekta, a medical device manufacturer listed on NASDAQ OMX NORDIC.

Softneta

Venture Round in 2016
Softneta is an award winning Lithuanian IT company providing software-based specialized health care solutions to improve the quality of patient care. Since the establishment in 2007, Softneta has a great success not even national wise but also worldwide while exporting the products to North and South America, Continental Europe, Middle East Countries Australia etc.

Baltu Lanku Vadoveliai

Seed Round in 2015
UAB Baltu Lanku Vadoveliai is a publishing house located in Vilnius, Lithuania, specializing in educational literature and digital educational tools. The company develops modern educational resources and manages bookstores that offer a wide range of retail books, including fiction, children's literature, arts, humanities, social sciences, computer science, and economics. By providing these resources, Baltu Lanku Vadoveliai aims to support students and enhance their learning experiences.

East West Agro

Venture Round in 2015
AB East West Agro is a prominent company in Lithuania specializing in the wholesale and retail of agricultural machinery and equipment. Founded in 2006 and headquartered in Kaunas, the company offers a diverse range of products, including tractors, combine harvesters, mowers, compaction rollers, and various implements and spare parts. In addition to its extensive product line, East West Agro provides engineering and aftersales services, ensuring comprehensive support for its customers in the agricultural sector. The company's commitment to quality and innovation has positioned it as a key player in the agricultural machinery market in Lithuania.

Robert Kalinkin

Seed Round in 2015
Robert Kalinkin is a Lithuanian fashion brand that specializes in designing, manufacturing, and retailing apparel for both men and women. The company offers a diverse range of products, including ready-to-wear clothing, made-to-order pieces, couture items, accessories, and footwear. Known for its unique aesthetic that combines expressively raw elegance with a militaristic edge, the brand emphasizes precision tailoring and bold design elements. Robert Kalinkin operates retail locations in Riga, Latvia; Vilnius and Kaunas, Lithuania; Schaumburg, Illinois; and Chester, United Kingdom, while also providing an online shopping platform. The designer's background in couture and experience in art direction and styling contribute to a distinctive collection that allows clients to customize their looks for various occasions. Based in Vilnius, Lithuania, the brand reflects a rigorous creative direction characterized by complex cutting and thoughtful asymmetry.

JetCat Games

Seed Round in 2015
JetCat Games is a young indie studio, based in Vilnius, Lithuania. At the moment working on their first independent project - Heliborne. Heliborne is a multiplayer king of the hill arcade in which you can fly not only iconic helicopters from you favorite movies but also a lot of not so well known model on various battlefields – Korea, Vietnam, Iraq, Iran, Balkans, Somali, Afghanistan in different timelines and scenarios.

NanoAvionics

Seed Round in 2015
NanoAvionics is a manufacturer and integrator of small satellite bus systems, with operations in the US, UK, and Lithuania. The company specializes in providing end-to-end small satellite solutions tailored for both single missions and larger constellations. Its offerings include a commercial-grade satellite platform that integrates essential components such as flight computers, attitude determination and control systems (ADCS), communication subsystems, and propulsion systems based on non-toxic mono-propellants. This modular approach not only enhances the functionality of small satellites but also optimizes hardware, launch, and operational costs. With a core engineering team that boasts over 85 successful satellite missions and projects, NanoAvionics aims to deliver economic viability for a diverse range of satellite missions across various sectors globally.

Gifty

Seed Round in 2015
Gifty is a micro-gifting service established in 2012 and headquartered in Vilnius, Lithuania. The company offers a unique gifting platform that allows individuals and businesses to send various gift products from multiple brands. Gifty's service includes sending redeemable codes that recipients can use to exchange for gifts at various merchant venues, such as coffee shops, pizzerias, and ice cream shops. This approach enables companies to reward their clients with tangible rewards, enhancing customer loyalty and engagement. Through its innovative platform, Gifty simplifies the gifting process while providing a diverse selection of options for both personal and corporate gifting needs.

TVC

Venture Round in 2014
TVC Solutions, UAB is a prominent systems integrator and equipment supplier specializing in television and radio broadcasting, as well as IT and communication technologies across Europe, the Middle East, and Asia. Founded in 1996 and headquartered in Šiauliai, Lithuania, the company is the largest of its kind in the Baltics. TVC provides a wide range of services, including the design and installation of outside broadcasting (OB) vans for various events, as well as upgrades and custom-built solutions. Its offerings encompass system integration for live studios, newsrooms, and video editing facilities, along with the supply of broadcast video and audio equipment. The company also focuses on customized equipment and studio furniture, ensuring ergonomic and aesthetically pleasing designs. With subsidiaries in Latvia, Belarus, Ukraine, Georgia, and Kazakhstan, TVC Solutions supports clients with consultancy, project management, and on-site training, solidifying its position as a key player in the broadcasting and media industry.

Rewalon

Seed Round in 2014
Réwalon is corporate rewarding service which enables companies to send their clients small items like cup of coffee, chocolate, pizza, cinema tickets and many more from largest merchants in the market. Companies use Réwalon service to reward clients for their behavior, as an incentive or maintaining relations. Réwalon technology and infrastructure let companies pay for used rewards only therefore ROI of rewarding with desirable goods increases significantly. Company has started operations in the Baltic States and Russia and rolling out business to Poland. Clients of Réwalon: Альфа-банк, Открытие, Amex, Swedbank, SEB, Nordea, Bite, Omnitel, Tele2, Lietuvos draudimas, PZU, etc. Among partners of Rewalon there are Starbucks, Papa John's, The Body Shop, Statoil, Cili, Coffee Inn, Vero cafe, Формула кино, Forum Cinemas and others. Company's investors are Practica Capital fund, Online Venture and others. Réwalon owns the Gifty mobile application which enables people to treat each other.

Manodaktaras.lt

Seed Round in 2014
Manodaktaras.lt is an online healthcare portal based in Vilnius, Lithuania, that facilitates the booking of appointments with doctors and dentists. Launched in 2013 by Robertas Sadovskis, the platform addresses the challenges patients face in finding healthcare professionals in their area. Users can conveniently search for doctors or dentists and schedule appointments through the portal, streamlining the process of accessing necessary medical services. By connecting patients with healthcare providers, Manodaktaras.lt enhances the patient experience and helps doctors attract new clients.

Rewalon

Seed Round in 2013
Réwalon is corporate rewarding service which enables companies to send their clients small items like cup of coffee, chocolate, pizza, cinema tickets and many more from largest merchants in the market. Companies use Réwalon service to reward clients for their behavior, as an incentive or maintaining relations. Réwalon technology and infrastructure let companies pay for used rewards only therefore ROI of rewarding with desirable goods increases significantly. Company has started operations in the Baltic States and Russia and rolling out business to Poland. Clients of Réwalon: Альфа-банк, Открытие, Amex, Swedbank, SEB, Nordea, Bite, Omnitel, Tele2, Lietuvos draudimas, PZU, etc. Among partners of Rewalon there are Starbucks, Papa John's, The Body Shop, Statoil, Cili, Coffee Inn, Vero cafe, Формула кино, Forum Cinemas and others. Company's investors are Practica Capital fund, Online Venture and others. Réwalon owns the Gifty mobile application which enables people to treat each other.

Gifty

Seed Round in 2013
Gifty is a micro-gifting service established in 2012 and headquartered in Vilnius, Lithuania. The company offers a unique gifting platform that allows individuals and businesses to send various gift products from multiple brands. Gifty's service includes sending redeemable codes that recipients can use to exchange for gifts at various merchant venues, such as coffee shops, pizzerias, and ice cream shops. This approach enables companies to reward their clients with tangible rewards, enhancing customer loyalty and engagement. Through its innovative platform, Gifty simplifies the gifting process while providing a diverse selection of options for both personal and corporate gifting needs.

Benjamin River Productions

Seed Round in 2012
Benjamin River Productions UAB is a motion picture and television production company based in Vilnius, Lithuania. It specializes in audiovisual production and technology development, focusing on high-definition cinematic-quality video and audio content for fulldome theatres and immersive environments. The company offers a range of services, including corporate video production, marketing videos, educational content, and videos for conferences and events. Benjamin River Productions is supported by investors such as Practica Capital and the Audiovisual Arts Industry Incubator, both of which benefit from European Structural Funds.

Celi APS

Seed Round in 2012
Celi APS Ltd., founded in 1999 and based in Vilnius, Lithuania, specializes in developing computer-aided design (CAD) software tailored for the furniture industry. The company offers a range of 3D design and engineering software solutions that facilitate automated design and production processes for furniture manufacturers. Celi APS integrates its software into clients' information systems, providing essential programming, installation, and training services to enhance operational efficiency. By automating routine design tasks, the company's solutions help furniture manufacturers improve productivity while allowing designers to save time and reduce costly errors. Additionally, Celi APS represents Autodesk Inc. in Lithuania for mechanical applications and has the rights to market Trimble's SketchUp Pro, a widely used 3D modeling tool.
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