Investors in Baltics

Showing 1-50 out of 658 matches

Startup Wise Guys

Startup Wise Guys is a prominent early-stage investor based in Tallinn, Estonia, recognized as one of the leading venture capital funds in the Central and Eastern European (CEE) region and the Nordics. Since its inception in 2012, it has operated a renowned startup accelerator that has supported over 165 startups, primarily in sectors such as B2B SaaS, Fintech, and Cybersecurity. The intensive three-month program aims to validate, develop, and market products to business clients, benefiting from the guidance of more than 200 mentors. The accelerator culminates in Demo Days and attendance at major tech events, providing startups the opportunity to pitch to investors. With a startup survival and success rate exceeding 77%, the program has facilitated two major exits and fosters a robust alumni network of over 145 startups across more than 40 countries. Additionally, Startup Wise Guys manages specific funds targeting investments in various sectors, including technology and clean tech, with a focus on early-stage ventures.
Made 200 investments in Baltics

Superangel

Superangel OÜ is a venture capital firm established in 2018, headquartered in Tallinn, Estonia, with an additional office in Palo Alto, California. The firm specializes in early-stage investments, focusing on pre-seed and seed funding for startups. It adopts a sector-agnostic approach, primarily investing in information technology sectors such as fintech, mobile applications, software-as-a-service, the sharing economy, blockchain, and augmented/virtual reality. Superangel typically invests between €0.05 million and €2 million, including follow-on investments. The firm targets companies based in Europe that are looking to enter global markets, as well as U.S.-based firms aiming to penetrate European and emerging markets. In addition to financial backing, Superangel provides portfolio companies with expertise in areas like customer and business development, team-building, sales and marketing, and product development, along with mentorship sessions and thematic workshops tailored to help startups achieve their next milestones.
Made 29 investments in Baltics

Trind VC

Trind Ventures is an early stage VC fund based in Tallinn, Estonia. Investing in start-ups across Europe, from seed rounds all the way to sustainability, with a focus on ICT. Trind Ventures partners are Joel Aasmäe, Ivar Siimar, Kimmo Irpola and Taavi Lepmets.
Made 9 investments in Baltics

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.
Made 58 investments in Baltics

Tera Ventures

Tera Ventures OÜ is a venture capital firm founded in 2016 and based in Tallinn, Estonia, with additional offices in Burbank, California, and Helsinki, Finland. The firm specializes in seed and startup stage investments, primarily focusing on the digital sector. Tera Ventures targets exceptional founders in the Baltic, Scandinavian, and Central and Eastern European regions, including countries such as Estonia, Denmark, Sweden, Finland, Latvia, Lithuania, Poland, and the Czech Republic. The firm invests between €0.2 million and €1.5 million per company, with the potential for significant follow-on funding for select investments. Tera Ventures emphasizes providing hands-on support and access to a global advisory network, aiding portfolio companies in scaling and achieving successful exits, while ensuring that management retains a motivating shareholding in their firms.
Made 22 investments in Baltics

Specialist VC

United Angels VC is a 16mEUR venture capital fund with with the primary focus on B2B, SaaS and marketplace segments in the Baltics and Nordic countries.
Made 19 investments in Baltics

Lemonade Stand

Lemonade Stand is a venture capital firm based in Estonia that specializes in early-stage investments, primarily focusing on the technology sector. The firm seeks to identify and support innovative startups, providing them with the necessary resources and guidance to grow and succeed in a competitive market. Through its strategic investments, Lemonade Stand aims to foster technological advancements and contribute to the development of emerging companies.
Made 18 investments in Baltics

SmartCap

SmartCap is an investment arm of the Estonian Development Fund based in Tallinn, Estonia, focusing on early-stage venture capital and fund-of-funds investments. Established in 2011, it primarily invests in private fund management teams and startups, with a preference for companies registered in Estonia. SmartCap manages assets totaling approximately EUR 40 million and collaborates with independent co-investors, typically investing on a 50-50 basis while often assuming the lead investor role. The firm is committed to ethical investing, avoiding enterprises involved in tobacco, alcohol, weapons, gambling, or environmentally harmful activities. SmartCap emphasizes building partnerships with top venture capital fund managers in the region to support and finance promising companies across various industries.
Made 1 investments in Baltics

Icebreaker

Icebreaker is a venture capital firm based in Helsinki, Finland, specializing in early-stage investments in unique software-driven companies across Finland, Sweden, and Estonia. The firm manages the Icebreaker Opportunity Fund I, established in 2021, which focuses on providing funding at the idea, angel, and seed stages, typically investing between €150,000 and €800,000. In addition to financial support, Icebreaker fosters a robust community of hundreds of members, creating a valuable network for potential team members, clients, and advisors to help startups grow and succeed.
Made 14 investments in Baltics

Open Circle Capital

Our Investment Focus We are interested in technology companies in the fields of ICT, robotics and high-tech. We favor teams of professionals comprised or led by serial entrepreneurs with past growth, fundraising and/or exiting experience. We are looking for product building companies that would be high-potential, fast-growth, and ready to conquer foreign markets. Best time to talk us is just after first revenues in the company. Our investment approach 1. It all starts with a conversation where we learn about you and your ambition. 2. In the space of few meetings we are targeting to decide whether to look further. 3. We'll discuss particular terms, ask for more information, and analyse further. 4. The legal part - we know everyone loves it, and, finally, we join your venture.
Made 8 investments in Baltics

Buildit.ee

Buildit is the first accelerator in the Baltic States and Nordic countries with the focus on physical devices & IoT. Apply at www.buildit.lv At Buildit you don't just get a product accelerator. You get a partner in development that's invested in seeing you succeed raising the Seed investment. Buildit offers a 4-month program of intensive mentoring, product and business development and a follow-on individual mentoring program (up to 2 years): - 20-50 K EUR Pre-Seed cash investment per start-up and possible follow on Seed investment of up to 250k EUR; - free open office space in the centre of Riga, Latvia during the acceleration program (4 months); - free and discounted services from partners – incl. server space, licenses, development tools, design services, testing facilities, marketing services, legal, accounting and banking services, interns, etc. Buildit is supported by Altum Accelerator program, which is financed from the European Regional Fund.
Made 27 investments in Baltics

Pontos

Pontos is a family-owned private equity and real estate investment company based in Helsinki, Finland. Established in 2001, it operates in Finland, the Baltic States, and Portugal. The firm focuses on a diverse range of investments, including commercial real estate, property development projects, and real estate development companies. Additionally, Pontos invests in property technology, listed shares, fixed-income investments, and private equity funds, reflecting a broad investment strategy aimed at various sectors within the real estate and financial markets.
Made 1 investments in Baltics

BaltCap

BaltCap is a prominent independent private equity firm specializing in small and midmarket buyout and expansion capital investments across the Baltic States. Established in 1995, the firm manages various private equity and venture capital funds, totaling over EUR 260 million in capital and having made more than 60 investments. With a strong presence in Estonia, Latvia, and Lithuania, BaltCap operates local offices staffed by an experienced team of professionals. The firm is committed to responsible investment practices, having been a signatory of the United Nations Principles for Responsible Investment since 2008. Additionally, BaltCap manages the BaltCap Infrastructure Fund, which focuses on greenfield projects in sectors such as energy and clean technology, and aims to invest in multiple projects within the Baltic region. The firm is also engaged in providing financing for established companies with growth potential, seeking to build a diverse portfolio of investments.
Made 64 investments in Baltics

Techstars

Techstars Central LLC, founded in 2006 and based in Boulder, Colorado, operates as a startup accelerator and venture capital firm focused on supporting early-stage technology-oriented companies. It specializes in a mentorship-driven accelerator program, selecting ten startups each summer to participate in a three-month incubation period, offering funding of $120,000 in exchange for equity. Techstars invests primarily in sectors such as fintech, artificial intelligence, blockchain, augmented reality, and IoT, while avoiding investments in medical devices, healthcare technology, and local service-oriented businesses. In addition to its primary accelerator, Techstars has various specialized programs, including those focused on music, retail, mobility, and social impact, with global reach extending to regions such as Africa, Asia, and Latin America. The firm prefers taking minority stakes, typically between six and ten percent, without seeking board representation or investor rights. Techstars has built a robust network of entrepreneurs, mentors, and corporate partners to foster innovation and growth within its portfolio, which includes over 1,000 companies with a significant collective market capitalization.
Made 20 investments in Baltics

Expansion Capital

Expansion Capital is a Latvian investment firm based in Riga, established in 2013. It manages a mezzanine fund that focuses on financing promising ideas, projects, and companies primarily in Latvia. The fund targets various sectors, including wood products, information technology, metals, minerals and mining, commercial transportation, healthcare, containers and packaging, and manufacturing. Investments typically range from EUR 150,000 to EUR 2,730,000. Expansion Capital aims to participate in initiatives organized by the Latvian state-owned development finance institution ALTUM, furthering its commitment to support the growth of innovative local enterprises.
Made 33 investments in Baltics

Contrarian Ventures

Contrarian Ventures is an early-stage venture capital firm founded in 2017 and based in Vilnius, Lithuania, with additional offices in London and Amsterdam. The firm specializes in pre-seed, seed, and growth capital investments, primarily targeting the energy sector and e-mobility. Its investment focus includes smart grid technologies, energy efficiency, big data analytics, energy storage solutions, e-car infrastructure, smart home innovations, customer support e-services, distributed generation, renewable energy solutions, and virtual power plants. While Contrarian Ventures prefers to invest globally, it places a particular emphasis on European-based companies.
Made 14 investments in Baltics

Overkill Ventures

Overkill Ventures is a Nordic-based angel fund. We invest as early as angel investors do, however, have the resources, know-how and network to help startups get to product-market fit and scale from there.
Made 17 investments in Baltics

FlyCap

FlyCap is a venture capital firm based in Riga, Latvia, founded in 2013. It specializes in providing growth capital to small and medium-sized enterprises (SMEs) through equity and mezzanine investments. The firm focuses on sectors such as manufacturing, healthcare, information technology, and B2B services, with a preference for environmentally friendly companies and projects that reduce CO2 emissions. FlyCap avoids investments in industries considered immoral, such as alcohol, tobacco, and weapons, as well as sectors like fisheries and financial intermediation. It typically invests in companies with a minimum sales value of 1 million euros and limits its investment to a maximum of 1.5 million euros per entity. For startups, initial investments range from 50,000 to 200,000 euros, with the potential for follow-on funding. The firm prioritizes taking advisory roles and aims to exit its investments within four to six years through various means, including sales to management or strategic investors.
Made 27 investments in Baltics

Livonia Partners

Livonia Partners is a private equity firm established in 2013, focused on buyout and growth capital investments in small to mid-sized companies within the Baltic region, particularly Estonia, Lithuania, and Latvia. The firm specializes in various sectors, including manufacturing, services, consumer goods, technology, energy, healthcare, and financial services. Livonia Partners typically invests between €3 million and €15 million per company, targeting firms with an enterprise value of €10 million to €100 million, and often seeks majority ownership, although minority stakes are also considered. The firm prefers to engage with companies that have fewer than 500 employees and is open to co-investing in transactions up to €70 million. With a strong operational team experienced in business development across Europe and the United States, Livonia Partners aims to foster growth and enhance the potential of its portfolio companies. The firm maintains offices in Rīga, Tallinn, and Vilnius.
Made 7 investments in Baltics

Swedbank

Swedbank AB is a Nordic-Baltic banking group headquartered in Sundbyberg, Sweden, with a history dating back to 1820. It offers a wide array of banking products and services to private individuals, corporate entities, and organizations. The bank operates through several segments, including Swedish Banking, Baltic Banking, and Large Corporates & Institutions. Its services encompass savings and current accounts, various types of lending, leasing, and financing solutions. Additionally, Swedbank provides investment and trading services, asset management, life insurance, and pension services. Customers can access transaction banking services, including cash management and trade finance, as well as payment products and card services. With a branch network that includes locations in Sweden, Estonia, Latvia, and Lithuania, Swedbank also has a presence in several other countries, including Norway, Finland, and the United States. The institution is known for its commitment to modern banking while remaining rooted in its Swedish savings bank heritage.
Made 2 investments in Baltics

LitCapital

LitCapital Asset Management is a private equity and venture capital firm based in Vilnius, Lithuania, founded in 2010. The firm specializes in investments in mid to late-stage ventures, expansion capital, buyouts, and growth capital, primarily targeting small and medium enterprises. LitCapital focuses on sectors such as information technology, business services, consumer goods, medicine, and bioenergy, while avoiding investments in agriculture and socially irresponsible industries. The firm typically invests between EUR 1 million and EUR 30 million and seeks a board seat in its portfolio companies. With a hands-on investment approach, LitCapital emphasizes its commitment by investing a significant portion of its own financial resources and aims for exits within three to six years. Currently, the firm manages a growth capital fund under the JEREMIE initiative, collaborating with the European Investment Fund to support the expansion of high value-added and export-driven B2B companies in the Baltic States.
Made 7 investments in Baltics

Spring Capital

Spring Capital is a venture capital firm established in 2008 and located in Tallinn, Estonia. Specializing in seed-stage investments, the firm focuses primarily on technology companies within the Baltics and Scandinavia. It typically invests between EUR 50,000 and EUR 200,000 in equity per transaction, aiming for a minority stake in the companies. In addition to technology startups, Spring Capital also seeks opportunities in traditional sectors, targeting small to medium-sized enterprises with a proven track record and clear growth plans. For these investments, the firm may provide funding ranging from EUR 300,000 to EUR 700,000. The firm utilizes personal capital from its management team to support its investment activities.
Made 10 investments in Baltics

NordicNinja VC

NordicNinja VC is a new venture capital fund supporting scale-up goals in the New Nordics. They are a venture capital firm with over 100 million euros to supporting scale-up goals in the Nordic and Baltic region.
Made 6 investments in Baltics

ZGI Capital

ZGI Capital is a private equity and venture capital firm based in Riga, Latvia, established in 2005. The firm specializes in investments across various stages, including seed/startup, early venture, and growth capital, with a particular focus on the Fintech sector. It primarily targets opportunities within the Baltics and CIS countries, investing amounts ranging from €0.5 million to €1 million, and potentially up to €5.7 million with additional financing. ZGI Capital typically takes minority stakes, holding up to 49% equity, and may also provide loans under certain circumstances. The firm's investment horizon spans three to six years, with exits achieved through the sale of stakes to other investors. ZGI Capital manages the "ZGI fund," which supports entrepreneurs in need of start-up capital and has a total asset pool of €7.4 million, allowing it to finance projects up to €30 million when combined with bank financing. The firm does not engage in sectors such as synthetic fiber manufacturing, transportation, agriculture, or retail trade.
Made 25 investments in Baltics

J12

J12 Ventures AB is a venture capital firm established in 2019 and headquartered in Stockholm, Sweden, with additional offices in the United Kingdom and Finland. The firm specializes in pre-seed and early-stage investments, primarily focusing on innovative technology and software companies across the Nordics, including Sweden, Finland, and the Baltics. J12 Ventures typically invests between €0.1 million and €2 million in equity, making it an active player in supporting the growth of emerging businesses in the region.
Made 1 investments in Baltics

AS LHV Group

AS LHV Group is a banking and financial services company based in Tallinn, Estonia, founded in 1999. The organization operates through three main segments: Retail Banking, Financial Intermediates, and Corporate Banking. It offers a wide range of services including demand and fixed-term deposits, various types of loans (such as consumer, car, and working capital loans), financing for business acquisitions, and leasing options. Additionally, LHV Group provides securities brokerage, financial advisory, payment services, and investment management for private individuals, small and medium-sized enterprises, and institutional clients. The company is committed to fostering the development of the Estonian economy and enhancing social sustainability.
Made 4 investments in Baltics

Karma Ventures

Karma Ventures is an early-stage venture capital firm based in Tallinn, established in 2016. The firm specializes in late seed and series A investments, primarily targeting Europe's most promising technology startups. Karma Ventures seeks to support companies that demonstrate strong ideas, innovative technology, customer traction, and global ambitions. The firm offers guidance to entrepreneurs in navigating growth strategies across commercial, strategic, and technical dimensions, helping them to realize their potential in the competitive tech landscape.
Made 14 investments in Baltics

Speedinvest

Speedinvest GmbH is a venture capital firm founded in 2011 and based in Vienna, Austria, specializing in early-stage investments in technology-related startups across Europe. The firm focuses on sectors such as deep tech, fintech, health, industrial tech, consumer marketplaces, software as a service, and climate tech. Speedinvest typically invests between €0.25 million and €3 million in pre-seed to Series A stages, aiming to take minority stakes of up to 20% in its portfolio companies. The firm emphasizes operational support, often taking on active roles within the companies it invests in for periods ranging from six months to a year. With additional offices in cities including San Francisco, Berlin, Paris, London, and Munich, Speedinvest seeks to leverage a global network to enhance its contributions to Europe’s startup ecosystem.
Made 4 investments in Baltics

Passion Capital

Passion Capital Investments LLP is a London-based venture capital firm founded in 2011, focusing on early-stage investments in technology companies, particularly within digital media, mobile, and internet sectors. The firm primarily invests in European markets, with a strong emphasis on the United Kingdom, and typically commits between $0.025 million and $0.38 million. Passion Capital is led by a team of experienced entrepreneurs and operators, including Stefan Glaenzer, Eileen Burbidge, and Robert Dighero, who have been involved in significant European technology exits. They emphasize the importance of passionate and capable founders as critical to a business's success. Passion Capital also fosters a collaborative ecosystem through initiatives like White Bear Yard, a hub designed to support technology activities and ambitions.
Made 6 investments in Baltics

Superhero Capital

Superhero Capital is a venture capital firm based in Helsinki, Finland, established in 2015. It specializes in seed-stage investments, targeting startups and early-stage companies primarily in the business-to-business software sector. The firm focuses on technology-enabled companies in areas such as healthcare, financial services, and various business services. Superhero Capital aims to make investments ranging from €100,000 to €500,000, concentrating on opportunities within Finland and the Baltic region. The firm is committed to supporting insight-driven startups that demonstrate potential for growth and innovation.
Made 4 investments in Baltics

Plural Platform

Plural Platform is an early-stage venture capital firm founded in 2021, with offices in London and Tallinn. The firm focuses on pan-European investments, targeting ambitious founders who are dedicated to leveraging technology to drive meaningful change. Operated by a team of former industry professionals, Plural Platform seeks to support startups that aspire to innovate and transform their respective sectors.
Made 1 investments in Baltics

Presto Ventures

Presto Ventures is a venture capital fund empowering talented CEE start-up founders. They invest in promising technology start-ups, supporting them via the provision of invaluable resources and guidance, enabling them to achieve local and global success. Presto Ventures was founded by Přemysl Rubeš in 2016 and is headquartered in Prague.
Made 5 investments in Baltics

UP Invest OÜ

UP Invest OÜ is a private equity and venture capital firm specializing in investments in healthcare, media, cleantech and real estate sectors. It seeks to invest in the Baltic states which includes Estonia, Latvia, and Lithuania and Finland. UP Invest OÜ was founded in 2012 and is based in Tallinn, Estonia with an additional office in Lithuania.

UNIQA Ventures

UNIQA Ventures GmbH is the Venture Capital arm of UNIQA Insurance Group AG, a leading insurance carrier in Central & Eastern Europe and a pioneer in Corporate-backed Venture Capital in Austria and CEE. Based in Vienna, Austria, the firm is investing in outstanding business models driven by strong teams and a clear vision to shape the future of key industries. Investment areas are the future of Health, Mobility, Intelligent Home and FinTech/InsurTech as well as enabling technologies such as IoT, Blockchain, ML/AI.
Made 4 investments in Baltics

INVL Asset Management

INVL Asset Management, based in Vilnius, Lithuania, is a principal investment firm and a subsidiary of Invalda INVL. The firm specializes in managing a diverse range of financial instruments, including pension and mutual funds, alternative investments, and private equity assets, as well as individual portfolios. Serving over 190,000 clients in Lithuania and Latvia, along with international investors, INVL Asset Management oversees total assets amounting to 650 million euros. The firm is committed to providing effective asset management solutions tailored to the needs of its clients.
Made 1 investments in Baltics

StartupHighway

StartupHighway is a Baltic startup accelerator and an early seed stage fund based in Vilnius, Lithuania. Since it’s establishment in 2011 it has developed a proven investment programme focusing all of its efforts on value maximization for innovative technology startups. It has been purely designed to provide individually tailored support for the most perspective participating entrepreneurs. StartupHighway acceleration program’s duration is very flexible and, though it usually lasts 3 months, it can be easily redefined for each participant separately. It is strongly focused on individual business needs of each selected startup. Aside from funding and other perks, we sit together with the teams, study the weak points, analyze growth and scalability perspectives and make tailored plans accordingly for success stories to happen. We don’t rely on entirely general mentorship sessions which bring limited value when it comes to individually applied startup development. However, we do organize meetings with our elite mentors with respect to a genuine relevancy for your startup to open endless networking opportunities.
Made 12 investments in Baltics

Decacorn Capital

Decacorn is a Singapore domiciled cross-border venture capital fund which curates high impact, globally relevant businesses that have rapid adoption curve and use technology as a defensible moat; businesses that have crossed an inflection point and are led by resourceful founders with a mission to disrupt large market opportunities, either existing or newly enabled, with the aim to make our planet shades better than what we inherited from our parents. We invest in tech-led disruptive innovations from key startup destinations, Singapore, Israel, USA, Estonia, etc., enabling us to benchmark best-in-class mix of technologies and proven business models for high-quality curation that generates superior alpha. Decacorn believes that technology investing involves curating companies that harness key technologies of our time, namely: Robotics & Automation, Genomics, Energy & Storage, AI & Deep Learning, Blockchain, and Cloud & Edge Computing. We Invest across the spectrum from bootstrapped to growth stage by executing a carefully crafted bar-belled strategy in order to balance the risk with rewards while generating exit opportunities at frequent intervals. In just over 3 years, Decacorn has made two dozen investments and has clocked 5 exits. Some of Decacorn’s early investments have become unicorns while a few others currently in the mid-stage are expected to join the unicorn club in their next financing round.
Made 4 investments in Baltics

Tmt Investments

TMT Investments PLC invests in high-growth technology companies across a number of core specialist sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has invested in over 45 companies to date and has latest announced net assets of US$82million. The Company’s objective is to generate an attractive rate of return for shareholders, predominantly through capital appreciation. The Company is traded on the AIM market of the London Stock Exchange. www.tmtinvestments.com.
Made 7 investments in Baltics

Creandum

Creandum is a prominent European venture capital firm, established in 2003 and headquartered in Stockholm, with additional offices in California and Berlin. The firm specializes in early-stage and growth-stage investments, primarily targeting innovative technology companies within the consumer, software, and hardware sectors. Over the past decade, Creandum has invested in more than 80 companies, including notable names such as Spotify, iZettle, Small Giant Games, Kry, and Depop. Its focus extends across Western Europe and North America, emphasizing its commitment to fostering fast-growing enterprises in the technology landscape.
Made 3 investments in Baltics

Black Pearls VC

Black Pearls VC is an early-stage venture capital firm based in Gdańsk, Poland, specializing in deep technology and enterprise software. The firm is dedicated to supporting ambitious entrepreneurs in creating scalable companies with global potential. Since its inception, Black Pearls VC has invested in over 30 startups primarily in Poland and the Baltic Sea Region. The firm manages multiple funds, including the Black Pearls Seed Fund, which focuses on investing in the information technology and TMT sectors across several countries, including Poland, Russia, and the Nordic nations. As a member of Invest Europe and a participant in the Kauffman Fellows Program, Black Pearls VC is committed to fostering innovation and growth in the tech landscape.
Made 7 investments in Baltics

Horizon Capital

Horizon Capital is a private equity firm established in 2006 and headquartered in Kyiv, Ukraine, with an additional office in Chicago, Illinois. It specializes in buyouts, growth capital, and expansion investments, primarily focusing on later-stage opportunities in small and mid-cap companies. The firm invests in various sectors, including light manufacturing, information technology, financial services, fast-moving consumer goods, and e-commerce, with a particular emphasis on industry leaders and companies with consolidation potential. Horizon Capital manages four funds with assets exceeding $850 million and is backed by over 40 institutional investors. The firm actively seeks to partner with visionary entrepreneurs and aims to generate value through governance and operational improvements. Investments typically range from $5 million to $20 million, with a preference for acquiring control stakes, though minority interests are also considered. Horizon Capital generally seeks to exit its investments within three to five years via trade sales or initial public offerings. With a team that boasts over 75 years of regional investment experience, the firm is committed to integrity, transparency, and successful value creation.

BPM Capital

BPM Capital OÜ is a private equity and venture capital firm based in Tallinn, Estonia, with an additional office in Warsaw, Poland. The firm specializes in providing equity and mezzanine financing to small and medium-sized enterprises and lower midcap companies in the Baltic region and Poland. BPM Capital focuses on investments in buyouts, growth capital, and expansion projects within sectors such as consumer goods, healthcare, manufacturing, and technology. The firm avoids investments in real estate, tobacco, alcoholic beverages, firearms, gambling, and any activities on the EBRD Environmental and Social Exclusion List. It typically invests between €2 million and €10.5 million per transaction, targeting experienced management teams and facilitating growth opportunities while adhering to EBRD procedures for Category A investments. BPM Capital does not engage in start-ups or turnaround situations and also offers advisory services for larger transactions, often participating in syndications.
Made 7 investments in Baltics

bValue Fund

bValue Fund is a venture capital firm based in Warsaw, Poland, focused on investing in pre-seed, seed, and early-stage companies across various sectors. Established in 2016, the firm primarily targets enterprises within the CEE region, particularly in Poland and Ukraine. Its investment strategy emphasizes industries undergoing digital transformation, including hi-tech, engineering, fintech, logistics, healthcare, and e-commerce. bValue Fund typically invests between €0.25 million and €1 million in companies that demonstrate potential for growth, preferably those with recurring revenues or a minimum viable product. The firm seeks minority stakes in its portfolio companies and leverages the extensive experience and networks of its management team and investors to help businesses scale and navigate challenges. With a diversified portfolio, bValue Fund aims to support innovative solutions that have the potential to become global leaders.
Made 2 investments in Baltics

Ambient Sound Investments

Ambient Sound Investments OÜ is a private investment firm based in Tallinn, Estonia, established in 2003 by four founding engineers of Skype. Initially created to hold a minority stake in Skype, the firm has since evolved into a family office specializing in direct and fund of fund investments. It focuses on private equity and venture capital across various stages, including incubation, seed/startup, and growth capital, while also investing in private equity and real estate funds. Ambient Sound Investments targets technology-driven companies in sectors such as information technology, software, and social media, primarily in the United States, Europe, and Asia, with a particular interest in Eastern European markets like Russia and the Nordic countries. The firm typically invests between €0.5 million and €2 million, preferring to maintain a minority stake of around 25 percent in its portfolio companies, although it may pursue a majority stake in incubators. Additionally, Ambient Sound Investments engages in co-investments and has begun investing in public equity.
Made 10 investments in Baltics

FJ Labs

FJ Labs is a U.S.-based investment firm established in 2015 by Fabrice Grinda. The firm operates with a stage-agnostic approach, primarily targeting marketplaces and consumer-facing startups. FJ Labs focuses its investments on seed and Series A rounds, with a financial commitment ranging from $50,000 to $5,000,000. The firm has invested in a variety of notable companies, including Alibaba Group, beepi, BrightRoll, Betterment, and ADORE ME.
Made 2 investments in Baltics

Invalda INVL

Invalda INVL is an asset management company based in the Baltics, established in 1991. The company manages a diverse range of financial instruments, including pension and mutual funds, alternative investments such as private equity and private debt, and individual portfolios. With over 200,000 clients in Lithuania and Latvia, as well as international investors, Invalda INVL oversees assets exceeding 850 million euros. Its operations are divided into two main segments: investment management and investment activities. The investment management segment focuses on managing various funds and providing services like financial brokerage and land administration. The investment activity segment encompasses the group's investments in unconsolidated subsidiaries, associates, and financial assets, covering sectors such as agriculture, life insurance, facility management, real estate, and banking.
Made 1 investments in Baltics

Brinc

Brinc is an accelerator and venture capital firm based in Central Hong Kong, with additional offices in Poland, China, Spain, Australia, India, and Bahrain. The firm focuses on investing in a diverse range of sectors, including blockchain, alternative protein, health technology, agritech, smart cities, medtech, clean technology, food technology, and more. Brinc aims to support and mentor entrepreneurs, referred to as "game changers," who are working to address some of the world's significant challenges. By providing investment and resources, Brinc seeks to foster innovation in technology-focused startups that have the potential to transform various aspects of daily life. Furthermore, Brinc operates a training program for incubators and accelerators in China, enhancing the quality of startups and expanding opportunities for follow-on investment within the rapidly growing Chinese venture capital ecosystem.
Made 1 investments in Baltics

Mid Europa Partners

Mid Europa Partners is a buyout investor specializing in growth markets within Central and Eastern Europe and Turkey. Founded in 1999, the firm has raised and managed approximately €4 billion in funds and has established offices in Budapest, Istanbul, London, and Warsaw. Mid Europa is notable for pioneering private equity in this region and has been independent since 2005, with ownership held entirely by its partners. The team, primarily composed of local professionals, combines regional expertise with best practices from Western Europe in due diligence, deal structuring, and value creation. Mid Europa adopts a pan-regional investment strategy, focusing on acquiring leading companies in domestic growth industries, particularly in the mid-market segment. To date, the firm has completed 30 investments across 18 countries, achieving significant transactions and financings in the region.
Made 4 investments in Baltics

3TS Capital Partners

3TS Capital Partners is a private equity and venture capital firm headquartered in Helsinki, Finland, founded in 1999. The firm specializes in providing growth capital and buyout funding to small and medium-sized businesses, with a strong emphasis on technology and related sectors, including media, communications, and technology-enabled services. It primarily focuses on investment opportunities in Central and Eastern Europe, particularly in European Union accession countries, but may also consider exceptional cases in Ukraine and Turkey. The firm typically invests between €1 million and €30 million in companies with enterprise values ranging from €1.5 million to €300 million, often seeking significant minority or majority stakes. 3TS aims to enhance the value of its portfolio companies through active partnership and strategic support, while planning to exit investments within three to five years through sales or initial public offerings. The firm has garnered over €300 million from various investors, including prominent financial institutions and corporations.
Made 5 investments in Baltics

Play Ventures

Play Ventures is a new games VC Firm.
Made 2 investments in Baltics