Practica Capital

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.

Tomas Andriuškevičius

Partner and CEO

Donatas Keras

Partner

Past deals in Estonia

Qminder

Seed Round in 2024
Qminder OÜ, founded in 2011 and based in Tartu, Estonia, specializes in queue management solutions through its cloud-based platform, Qminder Connect. This smartphone application allows businesses to manage queues remotely using iPads, Macs, or other external screen devices. Qminder offers a range of services, including visitor management systems, automated patient queuing, click-and-collect systems, and service intelligence, catering to various industries such as retail, telecommunications, healthcare, education, and government. The platform is designed to enhance the customer experience by reducing wait times, enabling customers to shop rather than stand in line, ultimately aiming to boost sales and customer satisfaction. Qminder has gained the trust of numerous high-profile clients, including major telecom retailers and customer service locations for companies like Uber, Lyft, and eBay.

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.

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.
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