AS BaltCap is a private equity and venture capital firm specializing in investments in early venture, startups, mid venture, late venture, later stage expansion, lower-mid market, expansion capital, development stages, add-on investments, pre- IPO stages, buyouts and buy-ins, growth capital, industry consolidations, and restructurings. It does not participate in hostile takeovers nor provide debt financing and loans. The firm does not invest in gambling, manufacture of tobacco, arms manufacturing, hard liquor manufacturing (breweries acceptable), financial services, real estate, insurance, human cloning and genetically modified organisms, or any environmentally hazardous business. It has a generalist sector approach and focuses its investments in business-to-business services, manufacturing, healthcare, information and communication technology, energy and specialty retail, transportation infrastructure, distribution and logistics sectors. It seeks to invest in small and medium sized enterprises (SMEs) and businesses that want to launch new products and services. It prefers to invest in Baltic States with a focus on Estonia, Latvia, and Lithuania. The firm typically invests between EUR0.5 million ($0.57 million) and €3 million ($3.95 million) for buy-outs investments. The private equity strategy funds invest in transactions with enterprise value typically between €5 million ($5.65 million) and €40 million ($45.16 million) and maximum assets of €27 million ($23.92 million). The Jeremie funds focus on providing financing between €0.3 million ($0.42 million) and €3 million ($4.22 million). The firm invests between €0.3 million ($0.26 million) and €10 million ($13.45 million) in companies with maximum revenue of €40 million ($35.44 million). It primarily invests in equity or equity related instruments like convertibles, preferred shares, bonds with warrants and becomes a shareholder in its portfolio companies. The firm prefers to hold a seat in a council or a supervisory board of the portfolio company, shareholders’ agreement, and acquires majority or blocking significant minority positions with controlling rights. It also seeks to co-invest. It exits its investments between three years and five years through strategic trade sale, sale to a strategic buyer, financial investor, sale to other co-owners, or IPO. AS BaltCap was founded in 1995 and is based in Tallinn, Estonia with additional offices at Rigas, Latvia and Vilnius, Lithuania.