Founded in 2017 and based in Vilnius, Lithuania, Open Circle Capital is a venture capital firm focusing on early-stage technology companies operating in the fields of information and communications technology, robotics, and high-tech sectors across Northern Europe. The firm favors teams led by serial entrepreneurs with past growth experience.

Founded in 2017, Coinvest Capital is a venture capital firm based in Vilnius, Lithuania. It invests in startups and companies across various stages and sectors, with a current focus on DefenceTech, DeepTech, BigData, SaaS, ClimateTech, Life Sciences, Biotech, MedTech, Impact Investing, and supporting women founders.

Practica Capital is a Vilnius-based venture capital firm focused on backing Baltic technology founders at early stages. For more than ten years, it has invested in tech startups across the Baltic States and the Nordic region, supporting seed and selected pre-seed and Series A rounds. The firm collaborates with a broad network of co-investors, including local and international VCs, accelerators and incubators, angels, corporates, public agencies, and banks, to help portfolio companies grow and scale. It prioritizes hands-on involvement to help founders build sustainable businesses and strengthen the Baltic startup ecosystem.

Startup Wise Guys is an accelerator and early-stage program based in Tallinn, Estonia, founded in 2012. It runs intensive up to five-month programs that validate and develop products and prepare founders to sell to business customers, culminating in demo days before venture capitalists and angel investors. The company focuses on B2B software as a service, fintech, cybersecurity, sustainability, and related tech sectors across Europe, and has accelerated more than 300 startups with a startup survival rate above 80%. It operates with a network of over 200 mentors who guide startups through product validation, market entry, and fundraising, and maintains a 300+ startup alumni community spanning more than 40 countries, with ongoing alumni events for business development and fundraising.

The Lithuanian Business Angel Network (LitBAN), established in 2018 and based in Vilnius, Lithuania, aims to promote and enhance business angel activity in the region. It focuses on educating potential investors, facilitating connections, and organizing events to encourage collaboration and deal syndication. LitBAN seeks to create a supportive environment for angel investing, not only within Lithuania but also across Nordic countries, thereby fostering a vibrant ecosystem for startups and investors alike.

Practica Capital UAB is a venture capital firm that provides early-stage and growth capital to micro, small and medium-sized companies across industries, with a focus on the Baltic region and Northern Europe including Estonia, Latvia, Lithuania, Finland, Sweden, Poland, Germany and Denmark, as well as Baltic-origin ventures in Europe. It participates in seed and startup rounds ranging from about €3,000 to €200,000 and in later rounds from about €50,000 to €3,000,000, preferring minority ownership and board involvement. Investments are made primarily in equity via common or preferred stock, and quasi-equity via convertible debt. The firm aims to act as a strategic adviser and seeks to exit investments within two to five years through trade sales, management buyouts, IPOs or refinancing of quasi-equity instruments. Practica Capital UAB was founded in 2011 and is based in Vilnius, Lithuania.

Founded in 2010, LitCapital is a professional private equity fund manager based in Vilnius, Lithuania. It manages the EUR 25M Litcapital I KŪB fund, established under the JEREMIE initiative with the European Investment Fund. The firm focuses on minority growth investments in high-value added and export-driven B2B companies across sectors such as information technology, electronics, industrial products, services, and cleantech.

Contrarian Ventures, established in 2017, is a global early-stage venture capital firm headquartered in Vilnius, Lithuania, with additional offices in London and Amsterdam. The firm specializes in pre-seed, seed, and series A & B investments, focusing on the energy sector and e-mobility. Their portfolio spans smart grid, energy efficiency, big data, energy storage, e-car infrastructure, smart homes, and renewable energy solutions. Contrarian Ventures invests globally, with a particular focus on European and Israeli companies. They are known for their collaborative, hands-on approach, supporting founders and mobilizing resources for climate action through initiatives like Energy Tech Summit and Climate50.

Founded in Estonia in 2016, Change Ventures is a venture capital firm focusing on pre-seed stage investments. They support ambitious founders from the Baltics and Baltic diaspora building businesses globally, with investments ranging from €100k to €500k. Their streamlined investment process aims to provide fast decisions, while their network of follow-on investors helps portfolio companies raise additional funds.

European Investment Bank is the EU's long-term lending institution owned by its member states. It finances public and private sector projects across transportation, energy, telecommunications, health, education, water, housing, and other sectors in the European Union and beyond. The bank provides a range of financing tools including project loans, guarantees, debt and equity investments, and risk-sharing arrangements, as well as microfinance and venture capital funds. It also offers advisory services, infrastructure funding, and support for urban development, PPPs, and sustainable energy projects. Through infrastructure and environmental funds and partnerships with banks and intermediaries, it supports SMEs, innovation, and the transition to a low-carbon economy.

Founded in 1991, Invalda INVL is a Baltic asset management group managing pension funds, mutual funds, alternative investments, private equity, and other financial instruments. With over 200 thousand clients across Lithuania, Latvia, and international investors, the company manages assets worth over 850 million euros.

Founded in 2013, Livonia Partners is a private equity firm headquartered in Riga, Latvia with offices in Tallinn, Estonia and Vilnius, Lithuania. The firm specializes in buyout and growth capital investments, focusing on small to mid-sized companies across various sectors including manufacturing, services, consumer goods, financial services, technology, media, and telecommunications. Livonia Partners primarily invests in the Baltic region, with a focus on Estonia, Latvia, and Lithuania. The firm seeks to invest between €3 million and €15 million per company, targeting enterprises valued at €10 million to €100 million.

INVL Asset Management, part of the Invalda INVL group, is a Lithuanian-based asset management company that serves over 190,000 clients in Lithuania, Latvia, and internationally. It manages a diverse range of financial instruments, including pension and mutual funds, alternative investments, private equity, and individual portfolios, with a total of 650 million euros in assets under management.

Founded in 1856, Skandinaviska Enskilda Banken is a leading financial institution offering a wide range of banking services. It provides corporate and investment banking to large clients, retail banking to individuals and small businesses, and life insurance solutions across the Nordic and Baltic regions. The company also offers asset management services through various funds and portfolio mandates.

Baltic Sandbox is an accelerator and incubator based in Vilnius, Lithuania, focused on growing FinTech, insurtech, SaaS, and deep-tech startups. It supports pre-seed and seed-stage founders by helping them develop their product, business model, and market strategy for EU and US markets through a network of global mentors, industry experts, and investor access. The program emphasizes tailored mentorship, market readiness, and professional networking, enabling startups to secure funding and partnerships. Located in Lithuania's growing fintech ecosystem, Baltic Sandbox connects founders with corporate partners and a broad Baltic-Nordic-UK network to build traction and scalable go-to-market strategies.

Presto Ventures is a Prague-based venture capital firm founded in 2016 by Přemysl Rubeš. It backs early-stage technology startups, with a focus on fast-growing companies in NATO and allied countries, spanning defense tech, resilience tech, deeptech, and dual-use technologies. The firm provides portfolio companies with resources and guidance to help them scale and reach both local and global markets, supporting Central and Eastern European founders as they bring innovative products and services to market.

INVl Asset Management is a principal investment firm headquartered in Vilnius, Lithuania. The firm was previously known as Finasta Asset Management and operates as a subsidiary of Invalda INVL.

Koinvesticinis Fondas is a venture capital firm based in Lithuania that specializes in seed and growth capital investments across various industries. The firm focuses on the Lithuanian region and typically invests between EUR 0.1 million and EUR 1.6 million in startups and emerging businesses. Koinvesticinis Fondas emphasizes co-investments, collaborating with business angel groups and private venture capital funds to support innovative ventures. The firm is committed to fostering the development of the local entrepreneurial ecosystem by providing essential funding to early-stage companies.

70 Ventures is a venture capital firm established in 2018 and located in Vilnius, Lithuania. The firm specializes in supporting promising B2B entrepreneurs by assisting them in building effective, data-driven sales teams that can generate predictable revenue. It focuses on investment opportunities within the B2B, software, and commercial products and services sectors. 70 Ventures provides funding across various stages of development, from pre-seed to Series A, contingent upon achieving specific revenue milestones.

Established in 2020 and headquartered in Vilnius, Lithuania, Cats.vc is a venture capital firm focused on investing in promising European tech companies with high growth potential.

Established in 2020, the European Innovation Council supports innovative startups and researchers with promising ideas, focusing on early-stage companies with positive environmental, social, or governance impacts. It co-invests alongside private investors.

Founded in 2011 by Igor Matsanyuk, IMI.VC is a venture capital firm based in Vilnius, Lithuania. It invests in internet-based and technology startups, with a focus on mobile applications, gaming companies, e-commerce, and information technology sectors.

Technopolis Plc is a Finnish company founded in 1982, specializing in the development and operation of business premises. Based in Oulu, Finland, it manages a network of 20 smart business parks across the Nordic-Baltic region, including Finland, Norway, Estonia, Russia, and Lithuania. Technopolis focuses on providing modern and flexible office spaces combined with a range of services to support businesses. The company serves approximately 1,700 clients and caters to around 40,000 employees, emphasizing its commitment to exceeding customer expectations through innovative solutions. As of October 2018, Technopolis operates as a subsidiary of Kildare Nordic Acquisitions SA RL.

Olympic Entertainment Group AS is a prominent provider of gaming services, operating casinos primarily in the Baltic States, including Estonia, Latvia, and Lithuania, as well as in Slovakia, Italy, and Malta. The company manages a substantial network of gaming establishments, with a total of 115 casinos and 27 betting points, which together offer a diverse range of entertainment options. Founded in 1993 and headquartered in Tallinn, Estonia, Olympic Entertainment Group emphasizes customer service and innovative design to enhance the gaming experience. Additionally, the company provides software services, internet solutions, and also operates hotels and bars, contributing to a comprehensive leisure and entertainment portfolio. As of 2018, it functions as a subsidiary of Odyssey Europe AS, which oversees its strategic management and financing.

Earlybird Venture Capital GmbH & Co. KG is a venture capital firm specializing in early stage, startups, growth and development stage, late, and expansion investments in private companies in seed, series A and B with a potential for later follow on investments. The firm typically invests in disruptive global consumer and enterprise internet and technology businesses, mobility and logistics, internet of things, marketplaces, communities, social networks, blockchain, mobile services, insurance, enterprise productivity, vertical integration, data, analytics and artificial intelligence, cloud computing, software/information technology, communications, healthcare, diagnostics, convergent technologies, and technology enabled services companies. It also invests in internet services, financial technology, cleantech, health technologies, web servers, B2B commerce, e-commerce software, digital media technologies, hardware, diversified financial services, media, medical technology, medical devices and biotech platform technologies. The firm typically invests in globally focusing on companies based in Europe, with an emphasis on German-speaking countries and Central Eastern Europe. The firm also invests in United States of America, Ukraine, GSA, Nordics, United Kingdom, Benelux, France, Southern Europe, Slovenia, Slovakia, Serbia, Romania, Western Europe, Poland, Montenegro, Moldova, Macedonia, Lithuania, Latvia, Kosovo, Hungary, Estonia, Czech Republic, Croatia, Bulgaria, Bosnia and Herzegovina, Albania, Germany, Turkey, and Jordan. It initially invests between €200,000 million ($0.22 million) and €5 million ($7.18 million) and can participate in subsequent rounds up to a total investment of €10 million ($14.37 million) to €15 million ($21.56 million) per Portfolio Company. The firm prefers to be the lead investor, take a minority stake, and a board membership in the portfolio companies. Earlybird Venture Capital GmbH & Co. KG was founded in 1997 and is based in Berlin, Germany with additional offices in Munich, Germany; Istanbul, Turkey; and the United States.

Swedbank is a Nordic-Baltic bank with deep roots in Swedish savings-bank history. It originated from the merger of savings and union banks in the early 1990s and operates in Sweden and the Baltic states, Estonia, Latvia and Lithuania. The bank holds a leading position in Baltic retail banking and offers a broad range of financial services, including retail banking and asset management.

Established in 2017, Specialist VC is a venture capital firm headquartered in Tallinn, Estonia. It focuses on investing in early-stage (pre-seed to series A) companies operating within the B2B, SaaS, FinTech, platforms, software-enabled hardware, and deep tech sectors across Estonia, Latvia, Lithuania, Finland, Ukraine, and Belarus.

Maspex is a prominent food product manufacturer based in Wadowice, Poland, and holds a leading position in Central and Eastern Europe. The company specializes in a diverse range of products, including juices, nectars, soft drinks, water, pasta, jams, sauces, ketchup, ready meals, vegetable preserves, and instant products such as cappuccino and cocoa. Maspex is recognized as the market leader in juices and soft drinks in Poland, the Czech Republic, and Slovakia, while also being a top producer in Hungary, Romania, Bulgaria, and Lithuania. Additionally, the company leads the pasta market in Poland and Romania and excels in the production of jams, sauces, and ready meals in Poland. Maspex's extensive portfolio also includes vodka and foreign spirits, catering to a wide array of consumer preferences.

Established in 2011, payabl. is a leading payments institution with regional offices in Cyprus, Germany Netherlands, Italy, Poland, Lithuania, and the UK. Through its holistic payments offering payabl. can facilitate transactions from 300+ payment methods. Through its extensive expertise, payabl. enables businesses to grow, positively transforming the communities they engage in. payabl. offers its customers a high tech, high touch approach, providing future-ready payment solutions for merchants from a wide range of sectors around the world. With unrivalled experience in helping clients navigate the complexity of an evolving payments environment - payabl. is the trusted partner for the world’s largest merchants to unlock growth.

Established in 1918, Orkla is a leading supplier of branded consumer goods and concept solutions to the grocery sector, out-of-home sector, and bakeries. Its primary markets are the Nordics and Baltics, with strong positions in selected product categories across Central Europe and India.

GrayBella Capital is a European venture capital firm founded in 2019 and headquartered in London, focused on technology and healthcare investments across Europe. It backs companies from seed through growth stages, with a strategic emphasis on Health Tech and Deep Tech. In Health Tech, it targets diagnostics, biomarker discovery, MedTech, remote patient monitoring, and platform technologies for drug development. In Deep Tech, it backs material science, robotics, and SaaS platforms, as well as related scalable technologies. The firm's geographic reach includes major European markets and pan-European opportunities, and it aims to support portfolio companies with strategic guidance and governance.

Integer.pl Group is one of the most successful private postal groups in Europe. In only 3 years, the InPost parcel lockers technology can be found in the following countries: Australia, Chile, Great Britain, Italy, Ireland, Iceland, Lithuania, Latvia, Ukraine, Estonia, Poland, Russia, Saudi Arabia, Cyprus, Slovakia, Czech Republic, Colombia, Costa Rica, El Salvador and Guatemala. By offering a unique customer experience to its users, as illustrated by an NPS (NET PROMOTER SCORE, as for February 19th) of 89%, Integer.pl Group aims to build a strong global footprint in the global logistics sector. The innovative nature of the InPost parcel locker solution was confirmed by a number of awards that the Group has won, including World Mail Awards 2013, Retail Innovation of the year (2013), Delivery Innovation Excellence UK (2014).

Blue Ocean Robotics ApS, headquartered in Odense, Denmark, specializes in designing, developing, and commercializing professional service robots. Its portfolio includes the UVD Robot for hospital disinfection, the Multi Tower Robot for patient handling and rehabilitation, and other robots catering to logistics, cleaning, healthcare, education, and more. The company also provides robotic automation solutions, strategic automation roadmaps, and events for the robotic industry. Blue Ocean Robotics serves various sectors, offering its products through sales partners and joint ventures in multiple countries. It operates through subsidiaries in Denmark, Lithuania, Hong Kong, the United States, Sweden, and Germany. Additionally, the company invests in and incubates robotic projects, leading their development and commercialization before potentially selling, licensing, or spinning them out to new subsidiaries or existing companies.

Inwido AB is a prominent European supplier of windows and doors, headquartered in Malmö, Sweden, and founded in 1811. The company develops, manufactures, and sells a diverse range of products, including wood, aluminum, glass, and PVC windows, as well as doors and associated accessories. Inwido operates primarily through direct sales, retailers, and construction companies, and it also utilizes e-commerce channels to reach consumers. The company has a strong presence in Scandinavia and several other European countries, including Denmark, Finland, Norway, Estonia, Germany, Lithuania, Ireland, Poland, the UK, and Austria. Inwido markets a portfolio of approximately 20 local brands, such as Elitfönster and Tiivi, and offers innovative products like smart windows equipped with antibacterial glass and mobile app-controlled locks. A significant portion of Inwido's revenue is generated from the Swedish market.

Scalewolf, established in 2023, is a Lithuania-based accelerator firm specializing in dual-use technologies, primarily targeting the defense industry.

HeadHunter is an online recruitment platform that connects job seekers with employers across Russia and several countries in the Commonwealth of Independent States, including Ukraine, Belarus, Kazakhstan, Azerbaijan, Lithuania, Latvia, and Estonia. Launched in 2000 and headquartered in Moscow, the platform offers a range of services to both employers and job seekers. Employers can access a CV database and post job openings for a fee, while job seekers can find suitable job opportunities through the platform's desktop and mobile applications. The company's focus is on facilitating the recruitment process, making it easier for companies to find qualified candidates and for individuals to secure employment.

Devexperts develops software for capital markets, founded in 2002, focusing on trading platforms for equities, derivatives, forex and CFDs, and cryptocurrencies. Its DXtrade XT provides trading for listed securities and derivatives, DXtrade CFD covers OTC asset classes, and DXtrade Crypto supports cryptocurrency trading; the portfolio also includes DXmatch for exchange solutions and dxFeed for market data. The company emphasizes customized software and technical excellence to help financial institutions grow and adapt. It employs more than 700 engineers and maintains offices across the United States, Germany, Bulgaria, Singapore, Japan, Portugal, Turkey, Georgia, Ireland, and Lithuania. Devexperts is recognized as a reliable software vendor in the financial industry and has earned multiple fintech awards.

Founded in 2022, FIRSTPICK is a venture capital firm based in Vilnius, Lithuania. It invests in early-stage tech startups across the Baltics, focusing on sectors such as fintech, SaaS, deeptech, and consumer marketplaces.

Nordic Investment Bank is an international financial institution headquartered in Helsinki, Finland. It provides sustainable, long-term financing to public and private sector clients on market terms, offering loans and guarantees for energy, environment, transport, infrastructure, telecom, and related projects. Owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden, the bank funds its lending through international capital markets. It serves governments, municipalities, large and mid-cap companies, financial institutions, and small and medium enterprises in member and non-member countries, and may support on-lending through financial intermediaries. Its projects emphasize competitiveness and sustainability in the Nordic-Baltic region.

Established in 2018, Bulba Ventures is a venture capital firm specializing in early-stage investments, focusing on machine learning startups with strong technical expertise. Based in Limassol, Cyprus, the firm concentrates its investments in Belarusian and relocatable startups operating at the intersection of real economy and IT, particularly in health and life sciences.

Polski Koncern Naftowy Orlen is a prominent energy conglomerate operating primarily in the oil and gas sector. The company refines and distributes oil in Poland, the Czech Republic, Germany, and Lithuania, processing crude oil into various products such as gasoline, diesel, fuel oil, and aviation fuel through its network of refineries. In addition to refining, Orlen produces petrochemicals and chemical feedstock. The company is also involved in exploration and production activities in Poland and Canada. Orlen's extensive logistics infrastructure supports its operations, featuring both surface and underground storage depots, as well as a long-distance pipeline network, which facilitates the distribution of oil products through a widespread network of service stations.

InRento is the first licensed buy-to-let investment platform in the European Union, enabling investors to earn rental income and capital gains starting from €500. The platform specializes in real estate crowdfunding, allowing investors to participate in a diverse range of rental properties primarily in the Lithuanian and Spanish markets. InRento differentiates itself by providing a secondary market where investors can sell their investments before the maturity date, offering flexibility and liquidity. Additionally, the platform allows for investments in properties that can be used as Airbnb rentals, giving investors the option to benefit financially and enjoy time-share rights. InRento's approach simplifies property ownership by relieving investors of the responsibilities associated with day-to-day property management while promoting portfolio diversification.

Fitek Group is a financial process automation solutions provider based in Tallinn, Estonia, with operations in Latvia, Lithuania, and Slovakia. Established in 1995, the company specializes in optimizing and automating a wide range of financial processes, including purchase invoice management, document workflow, and complex sales invoice solutions. Fitek serves over 1,000 clients across the Baltic states, Nordic countries, and Central Europe, including leading banks, telecoms, public sector institutions, and various other industries. The company employs more than 130 qualified professionals dedicated to delivering efficient financial solutions that can significantly reduce resource allocation by up to five times. Through its innovative services, Fitek aims to enhance operational efficiency for its customers while lowering their costs.

Founded in 2015, Superhero Capital is a venture capital firm based in Helsinki, Finland. It specializes in seed-stage investments, focusing on B2B software and services across various sectors including health tech, fintech, IoT, SaaS, and others. The firm primarily invests in startups from Finland and the Baltics, with typical investment sizes ranging between €100K to €500K.

Iron Wolf Capital is an EU-based seed-stage venture capital firm headquartered in Vilnius, Lithuania, with strong roots in the Baltic region and London. It backs artificial intelligence and deep-tech startups and emphasizes a global outlook, supporting founders with hands-on guidance, operational know-how, and access to international networks to help build scalable, internationally oriented businesses.

NGL, established in 2023 in Vilnius, Lithuania, is an angel investment group focusing on early-stage startups. It offers extensive business angel education, facilitates syndicate investments, and provides advisory board members to support its portfolio companies.

The European Union is a distinctive economic and political union comprising 28 member countries, which collectively span a significant portion of Europe. The EU aims to promote economic cooperation, ensure peace and stability, and facilitate the movement of goods, services, and people among its members. It serves as a framework for policy-making and governance, addressing various issues such as trade, environmental protection, and human rights. The official website, Europa.eu, provides essential information and services related to the EU, helping individuals navigate the complex landscape of European governance and initiatives. Through its collaborative structure, the European Union seeks to enhance the welfare of its citizens and foster a unified approach to regional challenges.

European Bank for Reconstruction and Development finances projects and provides advisory services to the public and private sectors. It supports new ventures and expansion in existing companies through project financing, loans, and equity or quasi-equity investments, including equity funds and guarantees, and it partners with private entities to invest across sectors such as banking, energy, manufacturing, infrastructure, information technology, and services. The bank also helps publicly owned entities privatize and restructure municipal services and engages in policy reform dialogue and advisory services, along with trade finance and loan syndication. Founded in 1990 and headquartered in London, it operates across regions including Southeastern and Central Europe, the Baltic States, Eastern Europe and the Caucasus, Central Asia, and parts of the Middle East and Africa, aiming to foster market-oriented change and private sector development by mobilizing capital for sustainable investments. It has invested more than €130 billion in over 5,200 projects.

BaltCap is an independent private equity firm focused on small and midmarket buyout and expansion capital investments across the Baltic States. Based in Tallinn, Estonia, it maintains offices in all three Baltic countries and employs a team of 16 professionals who support growth across diverse sectors, including business and financial services, healthcare, industrials, technology, media, telecom, consumer, education, renewable energy, mobility, logistics, cybersecurity and mixed reality. Since its founding in 1995, BaltCap has managed private equity and venture capital funds with total committed capital of over EUR 260 million and has completed more than 60 investments. It is a member of regional private equity associations and has been a signatory to the United Nations Principles for Responsible Investment since 2008, reflecting its commitment to responsible investment practices.

Katapult is an accelerator and venture capital firm based in Oslo, Norway, founded in 2016. It specializes in early-stage technology startups that aim to address environmental and societal challenges through exponential technologies. The firm focuses on areas such as clean energy, resource efficiency, food and water, education, health, and diversity, among others. Katapult offers a structured program lasting three months, with the possibility of a one-month follow-up, providing up to $100,000 in funding while taking an 8% equity stake in each startup. The firm actively invests in various regions, seeking to support innovative solutions that foster sustainability and societal progress.