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.

Miciunas, Petras

Partner

Marija Rucevska

Venture Partner

Past deals in Latvia

Edurio

Seed Round in 2020
Edurio Ltd., established in 2014 and headquartered in Riga, Latvia, specializes in developing web-based educational toolkits for schools and educational organizations. Its primary offering, Edurio Feedback, enables schools to collect and analyze student feedback efficiently and effectively, minimizing biases. This toolkit facilitates self-assessment, classroom observations, and best practice sharing among teachers, ultimately enhancing school improvement activities.

Sonarworks

Series A in 2019
Founded in 2012, Sonarworks develops software that calibrates sound for headphones and speakers. Its products include Reference 4 (for studios), True-Fi (for listeners), and SoundID technology, which personalizes audio experiences based on individual hearing preferences. Used by professionals and consumers alike, the company's software improves sound quality across various devices.

Robert Kalinkin

Seed Round in 2015
Robert Kalinkin is a Lithuanian fashion brand based in Vilnius 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 collections, made-to-order items, couture pieces, accessories, and footwear. Known for its expressively raw elegance and militaristic edge, the brand emphasizes precision tailoring and bold details, allowing customers to customize their looks for various occasions. Robert Kalinkin's products are available through physical stores located in Riga, Vilnius, Kaunas, Schaumburg, and Chester, as well as through an online marketplace that broadens its reach. The designer's background in couture and experience in styling for international media influences the brand’s distinctive aesthetic, which combines complexity with thoughtful asymmetry.

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.
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