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 Lithuania

Evergrowth

Pre Seed Round in 2024
Founded in 2023 by serial entrepreneurs, Evergrowth is a B2B account-based sales platform that uses AI-driven insights to enhance customer engagement and drive sustainable revenue growth. Its services focus on acquiring high-value clients through proven strategies, with offices in Vilnius, Lithuania, and New York City.

Watalook

Seed Round in 2022
Watalook is a platform that facilitates beauty appointments. It connects beauty professionals with clients, offering features such as custom calendars for scheduling, client history dashboards, and personal web pages to display services. Watalook simplifies booking processes, billing, and sends automated reminders. It primarily operates in Lithuania, the UK, the US, and Norway.

Billo

Seed Round in 2021
Billo.app UAB is a marketing management platform based in Kaunas, Lithuania. The company specializes in providing tools for content creation and sharing, enabling brands to connect effectively with their audiences. Billo offers an all-in-one solution for producing custom eCommerce videos, video advertisements, product videos, and commercials, streamlining the video marketing process for businesses.

RRR.LT

Venture Round in 2020
RRR.LT - auto parts online. Every car owner wants to ensure proper and long operation of the car. However, as the car ages, it becomes more and more necessary to visit the mechanic, repair parts and purchase new ones. Replacing parts is a headache for many car owners. New spare parts empty your pockets, and searching the classifieds for used auto parts can take days. When buying from private individuals, you run the risk of purchasing non-original or unsuitable parts without the possibility of a refund. From now on, you can no longer worry about fruitless searches for parts in ads or buying expensive new parts directly from manufacturers. RRR.LT offers original used car parts at affordable prices. We unite a wide network of auto parts sellers and scrap yards

Eddy Travels

Pre Seed Round in 2020
Founded in 2018, Eddy Travels is a digital travel assistant that operates an online platform helping users find flight, accommodation, car rental, and hotel deals through popular chat applications like Facebook Messenger, WhatsApp, Slack, Telegram, among others.

Eddy Travels

Pre Seed Round in 2019
Founded in 2018, Eddy Travels is a digital travel assistant that operates an online platform helping users find flight, accommodation, car rental, and hotel deals through popular chat applications like Facebook Messenger, WhatsApp, Slack, Telegram, among others.

Pixevia

Non Equity Assistance in 2019
Pixevia is a technology company based in Vilnius, Lithuania, founded in 2015. It specializes in developing automated retail solutions powered by artificial intelligence. The company's flagship product is a fully autonomous store that utilizes AI, cameras, and sensors to create a seamless shopping experience without cashiers or waiting lines. Pixevia's platform includes features such as layout management, inventory management, assortment management, and out-of-shelf alerts, enabling businesses to efficiently manage their operations. The system automatically detects items taken from the shelves, creating a virtual shopping cart and allowing clients to reduce operating expenses while enhancing customer convenience through advanced analytics and task management.

Rubedo Sistemos

Seed Round in 2016
Rubedo Sistemos, based in Kaunas, Lithuania, specializes in the design and manufacture of self-driving robots and process control solutions for various industrial applications. Founded in 2009, the company develops 3D visual perception and navigation technologies tailored for free-ranging, vision-guided robotics, serving sectors such as manufacturing, material handling, and healthcare. Among its notable offerings is the VIPERTM system, which enhances visual perception for robots and industrial vehicles. Rubedo Sistemos is recognized for its innovative solutions, including a FDA-compliant robotic system specifically designed for precise tumor targeting in image-guided radiation therapy, collaborating with leading medical device manufacturers.

Softneta

Venture Round in 2016
medDream, a division of Softneta, is a Lithuanian IT company specializing in software solutions for healthcare, aimed at enhancing patient care quality. Established in 2007, medDream has achieved significant success both nationally and internationally, exporting its products to regions such as North and South America, Europe, the Middle East, and Australia. The company develops advanced image processing systems that enable medical professionals to efficiently diagnose, view, archive, and transmit medical images. These systems facilitate the capture of detailed images of the human body and provide a reliable platform for searching, viewing, analyzing, and diagnosing medical data from various devices. By integrating medical information into a cohesive network, medDream supports healthcare professionals in making informed decisions and improving diagnostic accuracy.

East West Agro

Venture Round in 2015
AB East West Agro is a prominent agricultural machinery manufacturer and trader based in Kaunas, Lithuania. Founded in 2006, the company specializes in the wholesale and retail of a wide range of agricultural equipment, including tractors, combine harvesters, mowers, cultivators, and compaction rollers. In addition to its machinery offerings, East West Agro supplies spare parts and grain storage solutions, catering to various needs within the agricultural sector. The company also emphasizes customer support through engineering services and aftersales assistance, ensuring that clients receive comprehensive solutions for their agricultural operations.

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.

NanoAvionics

Seed Round in 2015
NanoAvionics is a manufacturer of small satellite bus systems and a mission integrator with operations in the US, UK, and Lithuania. The company specializes in providing comprehensive small satellite solutions, catering to both single missions and larger constellations. Its small satellite platform integrates flight computers, attitude determination and control systems (ADCS), and communication subsystems on a single printed circuit board, along with non-toxic propulsion systems. This design approach allows for the optimization of hardware, launch, and operational costs, making it economically viable for various businesses and organizations to deploy small satellite missions. With a proven track record of over 85 successful satellite missions and commercial projects, NanoAvionics emphasizes modularity in its systems architecture, ensuring adaptability for diverse applications in the commercial space market.

Gifty

Seed Round in 2015
Founded in 2012 and headquartered in Vilnius, Lithuania, Gifty is a company that facilitates micro-gifting services for both individuals and businesses. Its platform enables users to send gifts as redeemable codes, allowing recipients to exchange them for products or experiences at various merchant venues.

LaSpell

Seed Round in 2014
LaSpell operates a localized marketplace for beauty services that connects women with beauty specialists and resources. The platform focuses on community-driven content, allowing users to explore various beauty looks and trends. Through the Tokia.lt website, LaSpell facilitates discussions on makeup, nail art, and hairstyles, addressing common questions and sharing tips on beauty products and techniques. The marketplace serves as a comprehensive resource, featuring a database of beauty specialists, product reviews, and insights into current beauty trends. By fostering a collaborative environment, LaSpell empowers users to make informed decisions about their beauty choices.

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.

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.

Manodaktaras.lt

Seed Round in 2014
Manodaktaras.lt is an online healthcare portal based in Vilnius, Lithuania, that facilitates appointment scheduling for patients seeking medical or dental services. Launched in 2013 by Robertas Sadovskis, the platform addresses the challenge of locating healthcare professionals in a user's vicinity, allowing patients to efficiently find and book appointments with doctors and dentists. The service enhances accessibility to healthcare by enabling users to schedule required services from the comfort of their own homes, thereby attracting new patients to participating healthcare providers.

Trustribe

Seed Round in 2013
Trustribe is a company that specializes in e-reputation management platforms designed for sharing economy and peer-to-peer businesses. Founded in 2013 and based in Vilnius, Lithuania, Trustribe's platforms enable these businesses to attract and engage users by collecting and analyzing reputation data. The system facilitates the gathering of user feedback after transactions, tracking both positive and negative experiences, and providing detailed insights into user behavior and reputation metrics. Trustribe's solution is easily integrated into existing platforms, allowing service providers to customize and embed the system swiftly. Additionally, the reputation capital accumulated by users within Trustribe can be transferred across various services connected to the platform, enhancing the overall user experience and fostering trust within the community.

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.

Gifty

Seed Round in 2013
Founded in 2012 and headquartered in Vilnius, Lithuania, Gifty is a company that facilitates micro-gifting services for both individuals and businesses. Its platform enables users to send gifts as redeemable codes, allowing recipients to exchange them for products or experiences at various merchant venues.

Celi APS

Seed Round in 2012
Celi APS is a Vilnius‑based software developer founded in 1999 that creates computer‑aided design solutions for the furniture industry. Its products include 3D design, engineering, and production information tools that integrate with existing IT systems, automate routine design tasks, and reduce costly errors. The company offers installation, customization, and staff training services to help manufacturers improve productivity and designers save time. Celi APS also represents Autodesk in Lithuania, enabling local firms to access advanced mechanical design software.

Benjamin River Productions

Seed Round in 2012
Benjamin River Productions UAB is a motion picture and television production company based in Vilnius, Lithuania. The company specializes in audiovisual production services, offering high-definition cinematic-quality video and audio content tailored for various applications, including corporate marketing, educational initiatives, and events. It also focuses on developing immersive experiences for fulldome theaters, enhancing audience engagement through innovative technology. Through its comprehensive filmmaking services, Benjamin River Productions aims to deliver exceptional audiovisual content that meets the diverse needs of its clients.
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