Practica Capital is a Vilnius, Lithuania-based venture capital firm that funds Baltic technology founders from seed to growth stages. Established in 2011, it concentrates on tech-enabled companies in the Baltic States and the Nordic region, and supports founders as company builders through early-stage investments and selective growth rounds. The firm is described as an active Baltic syndicate partner, co-investing with local, regional and international venture capital firms, accelerators, incubators, angels, corporates and public institutions. Practica Capital focuses on software and information technology sectors and aims to take minority stakes while providing strategic guidance and governance support to portfolio companies.

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.

Open Circle Capital is a venture capital firm founded in 2017 and based in Vilnius, Lithuania. It concentrates on early-stage technology companies in information and communications technology, robotics, and high-tech sectors across Northern Europe. The firm prefers teams led by serial entrepreneurs with past growth, fundraising, or exits, and targets product-building startups that demonstrate high potential, rapid growth, and the ability to expand into foreign markets. Its investment approach centers on an initial conversation to understand ambition, a short series of meetings to assess fit, discussion of terms, and due diligence before committing to a venture partnership. Open Circle Capital aims to support startups through meaningful technical and market development as they scale.

European Investment Fund (EIF) is a public institution established in 1994 to improve access to finance for Europe's small and medium-sized businesses. It designs and develops venture capital and guarantee instruments to support SMEs and to catalyse private investment, aiming to build a robust European equity ecosystem. EIF engages in venture capital, growth capital, and guarantee operations, backing innovative entrepreneurs primarily in technology and life sciences, as well as across other sectors. Through cornerstone investments and fund participation, EIF seeks to crowd in private investors and stimulate venture activity across Europe. Its equity portfolio has grown substantially, with assets under management exceeding EUR 14 billion, reflecting its broad role in strengthening SME finance and supporting entrepreneurship and growth.

70Ventures is an investment firm that backs B2B entrepreneurs and helps them build data-driven sales teams that deliver predictable revenue, providing funding from pre-seed to Series A based on revenue milestones.

Iron Wolf Capital is a venture capital firm headquartered in Vilnius, Lithuania, founded in 2018. It is an EU-based seed and early-stage investor with a global outlook, focusing on information technology, fintech, marketplaces, IoT, SaaS, artificial intelligence, machine learning and other deep-tech sectors, particularly in the Baltic region while maintaining international reach. The firm blends entrepreneurial and financial experience to support building international businesses, leveraging networks in the Baltics and London. It seeks ESG-aligned investments.

Contrarian Ventures is an early-stage venture capital firm focusing on climate tech and the energy transition. It invests in pre-seed to growth-stage companies across Europe and Israel, with emphasis on smart grids, energy storage, energy efficiency, distributed generation, e-mobility, and related digital and infrastructure technologies such as big data analytics, virtual power plants, and smart homes. Founded in 2017, the company is headquartered in Vilnius, Lithuania, with additional offices in London and Amsterdam. Contrarian Ventures operates a hands-on, founder-first approach backed by a platform-based model to mobilize resources and support startups building the infrastructure for decarbonization.

Superhero Capital is a Helsinki-based venture capital firm focused on seed-stage investments in technology-enabled companies in Finland and the Baltics. It concentrates on software and related sectors such as B2B software, health tech, fintech, IoT and SaaS, supporting insight-driven startups. Founded in 2015, the firm operates across Finland and the Baltic states.

Koinvesticinis Fondas is a Lithuanian venture capital firm focusing on seed and growth capital investments across industries. It targets equity investments ranging from 0.1 million to 1.6 million euros and pursues co-investments. The firm operates with personal capital and is based in Lithuania, with a preference for opportunities in the Lithuanian region.

Change Ventures is a Tallinn-based venture capital firm founded in 2016 that focuses on technology companies, with a preference for B2B and SaaS businesses in Eastern Europe. It backs early-stage companies in Estonia, Latvia, Lithuania, and Baltic diaspora entrepreneurs building elsewhere, with typical checks ranging from around €100,000 to €750,000. The firm supports portfolio companies to reach product-market fit, raise subsequent rounds, and scale, leveraging a network of follow-on investors and partners.

Specialist VC is a Tallinn-based venture capital firm founded in 2017 that backs early-stage startups, typically from pre-seed to Series A rounds. The firm focuses on companies operating in business-to-business software, software as a service, fintech, platforms, software-enabled hardware, and deep technologies. Its active geographic focus includes Estonia, Latvia, Lithuania, Finland, Ukraine, and Belarus, with a stated aim of supporting founders across these markets.

The EBRD is an international financial institution founded in 1990 and headquartered in London that provides project financing and advisory services to support private sector development and transformation in emerging markets. It finances banks, industries, and businesses, supports new ventures and investments in existing companies, and helps privatize and restructure municipal services in publicly owned entities. Through its banking and treasury activities, it offers loans, equity and quasi-equity investments, guarantees, and equity funds for smaller enterprises, along with trade finance and loan syndication. It works with commercial partners to invest in private enterprises across sectors including energy, manufacturing, ICT, infrastructure, agribusiness, and real estate, across Europe, the Middle East and beyond, including a significant footprint in Central and Eastern Europe, the Baltics, and the Caucasus. It provides policy reform dialogue and advisory services to support market modernization, governance, and reform. It has invested over €130 billion in more than 5,000 projects.

Spring Capital is a Tallinn-based venture capital firm that backs technology companies in the Baltic and Nordic regions. Founded in 2008, it pursues seed and growth investments, focusing on scalable technology-driven startups and growth companies that are EBITDA-positive or approaching profitability. In seed rounds it typically writes checks of about €75,000–€200,000 to participate in larger rounds with runway, while in growth rounds it seeks minority stakes in rounds of €300,000–€700,000. The firm concentrates on the information technology sector and prefers opportunities in Denmark, Estonia, Latvia, Lithuania, Norway, Sweden, and the broader Baltics and Nordics. Management invests its own capital to support portfolio companies.

NordicNinja VC is a London-based venture capital firm, founded in 2019, that backs early-stage technology startups in the Nordic and Baltic regions, with emphasis on robotics, automation, health tech, artificial intelligence, and mobility. The firm targets sectors including information technology, AI/ML, Internet of Things, virtual reality, cybersecurity, digital health, robotics and drones, and other deep-tech areas, supporting founders to scale across Northern Europe.

Cats.VC is a venture capital firm founded in 2020 and based in Vilnius, Lithuania. It invests in European technology companies, helping them scale across the region.

Ambient Sound Investments is a Tallinn, Estonia-based family office and private investment vehicle founded in 2003 by four engineers from Skype. It provides investment management and holds minority stakes in ventures through direct investments and fund-of-funds, focusing on private equity and venture capital across incubation, seed, early-stage, growth, and PIPEs, as well as selective investments in real assets. The firm typically pursues minority positions around 25 percent, with larger stakes in incubators, and pursues co-investments and occasional entries into public equity. Its portfolio concentrates on information technology, software, web, social media, and research and development companies, with a geographic focus on the United States, Europe and Asia, including Eastern Europe and countries such as Russia, Lithuania, Denmark, Finland, France, Iceland, Norway, Sweden and the United Kingdom. Investment sizes range roughly from half a million to two million euros, and capital is deployed from personal capital and balance sheet sources. The organization originated to hold a minority Skype stake and now operates as a private investment vehicle.

IMI.VC is a venture capital firm based in Vilnius, Lithuania, established in 2011. It invests in internet-based and technology startups, with a focus on mobile applications, gaming, e-commerce, and information technology sectors, and provides capital along with advisory services. The firm also runs a startup academy program that offers funding, mentorship, and workspace to help startups develop their ideas and connect with venture and strategic investors.

Presto Ventures is a Prague-based venture capital firm founded in 2016 by Přemysl Rubeš. It invests in early-stage technology startups across NATO and allied nations, focusing on seed and Series A rounds. Based in the Czech Republic, the company provides portfolio founders with resources and guidance to accelerate development and achieve local and global success, prioritizing impactful, fast-growing tech companies in the Central and Eastern Europe region.

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.

Gorilla Capital is a Helsinki-based venture capital firm that invests in early-stage technology companies across Finland, Sweden, Denmark, and the Baltic states. It operates through multiple early-stage funds, including Gorilla Capital Fund 2017 and Gorilla Capital Fund III, and engages in technology sectors such as information technology and software.

ZAKA Ventures is a Prague- and Bratislava-based venture capital firm that invests in pre-seed and seed software startups across Europe, with a particular focus on Central and Eastern Europe and the DACH region. It backs early-stage companies across sectors such as AI, analytics, B2B SaaS, consumer apps, gaming, crypto, retail, financial services, ad tech, e-commerce, marketing tech, real estate, and utilities. The firm pursues a pan-European strategy supported by scouts in Berlin, the United Kingdom, the Baltic states, the Balkan region and Turkey, and operates from Prague and Bratislava. Founded in 2019, ZAKA Ventures seeks to partner with founders at the earliest stages to accelerate product development and market entry.

Integer.pl Group is a leading private postal group in Europe that has rapidly expanded its InPost parcel locker network across numerous countries worldwide. Within three years, the company deployed its locker technology in 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. The service has earned high customer satisfaction, reflected in a Net Promoter Score of 89% as of February 2019, and has received several industry awards, including the World Mail Awards 2013, Retail Innovation of the Year 2013, and Delivery Innovation Excellence UK 2014. Integer.pl Group continues to build a strong global footprint in the logistics sector through its innovative locker solutions.

Baltic Technology Ventures is a venture capital firm that invests in start-up projects and technologies in the Baltic region, with a focus on seed and early-stage companies. Startups in its portfolio are fully vetted, and the firm provides capital and guidance to support growth. It maintains an angel investor group focused on Baltic seed and early-stage opportunities, enabling direct involvement in portfolio companies.

Wave Ventures is a venture capital firm founded in 2016 and headquartered in Helsinki, Finland, with an additional office in Sweden. It operates as a student-run organization and is noted as the largest student-run venture capital firm in Europe. The firm focuses on pre-seed investments across the Nordic and Baltic regions, backing Gen Z entrepreneurs at the earliest stages. Its investors and supporters include unicorn founders from the Nordic ecosystem. The team comprises five members drawn from top regional universities, enabling it to pair early-stage founders with hands-on insight. Wave Ventures targets opportunities across Denmark, Finland, Iceland, Norway, Sweden, Estonia, Latvia, and Lithuania.

Bulba Ventures is a venture capital firm that specializes in startup and early-stage investments with a focus on machine learning companies. It targets Belarusian startups and teams ready to relocate to Minsk, seeking technical excellence and a strong competitive edge, and pursues opportunities at the intersection of real economy IT and health and life sciences. The firm was founded in 2018 by Yuri Melnichek and Andrei Avsievich and conducts investments across Belarus and neighboring countries, including Latvia, Lithuania, Ukraine, Russia and Poland.

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.

Superangel is a Tallinn-based venture capital firm that backs early-stage technology companies. Founded in 2018, it focuses on information technology sectors such as fintech, mobile, SaaS, sharing economy, blockchain, and AR/VR, and invests globally with a preference for European and North American opportunities. The firm is led by tech entrepreneurs and has supported early-stage companies across Baltics and Nordics, aiming to back builders of world-changing technology.

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.

Trind Ventures is a Tallinn-based venture capital firm that backs early-stage European startups. It invests across Northern and Central Europe in marketplaces, consumer solutions, and PLG-driven B2B products, as well as software and information and communications technology, supporting both business-to-business and business-to-consumer models.

Katapult Group is an Oslo-based accelerator and venture firm founded in 2016 that invests in early-stage technology startups, with a focus on climate and ocean-related initiatives. The company operates Katapult Accelerator, a program that supports startups in environmental, societal, and exponential technologies, and Katapult Ocean, an ocean-focused venture initiative. Together, these platforms aim to steward capital and innovation toward sustainable development, aligning impact with technology and fostering multi-stakeholder collaboration.

Crosspring is a venture capital firm based in Zoetermeer, Netherlands, focused on early-stage investments in B2B and SaaS startups. It pursues pre-seed opportunities and supports companies across Eastern Europe and North America, investing in venture funds and, when suitable, making direct investments. The firm leverages decades of business knowledge and a wide partner network to assist entrepreneurs from early traction to international growth.

HBM Healthcare Investments is a Switzerland-based investment firm founded in 2001 and based in Zug. It concentrates on the healthcare sector, spanning human medicine, biotechnology, medical technology and diagnostics. The firm maintains a diversified portfolio that includes private companies, public companies, funds, cash and other assets, reflecting exposure across different stages and sectors within healthcare.

Inven Capital is a Prague-based venture capital firm that invests in climate tech and sustainable startups across Europe and Israel. It targets late-stage growth opportunities in areas such as clean energy, energy efficiency, distributed generation, storage, flexibility, IoT, green transportation, smart home and software models that decarbonize households and agriculture. The firm supports portfolio companies with strategic guidance and active involvement, including piloting on customer and asset bases and access to an energy trading desk. Founded in 2014, Inven Capital seeks long-term value through close collaboration with founders to scale innovations in the energy transition. It is backed by ČEZ, a major European energy utility, and the European Investment Bank, with substantial capital at its disposal.

Lemonade Stand is a venture capital firm based in Tallinn, Estonia, that concentrates on early-stage B2B technology investments. The firm targets founders from the Baltic and Eastern European regions and provides capital typically in the €25,000–€300,000 range to support teams, technology development, or early traction.

Simpact Ventures is an impact-focused venture capital firm based in Poland that backs tech-driven startups with strong business potential and positive social or environmental impact. It seeks to combine profit with purpose by supporting founders building technology companies that aim to create meaningful change, including opportunities across Central and Eastern Europe.

SOSV is a global venture capital firm based in Princeton, New Jersey, founded in 1995, that focuses on seed to growth investments in deep technology across health, environmental tech, hardware, robotics, and cross border software, with a particular emphasis on Asia. The company runs accelerator style startup development programs, including HAX and IndieBio, which provide facilities, engineering resources, and lab equipment to help founders accelerate product development, acquire customers, and attract later stage funding. SOSV pursues a limited number of high potential startups, offering extensive hands on support to speed commercialization and scale, and aims to back innovations that improve human and planetary health.

Innovestor is a Helsinki-based Nordic venture capital investor and financial services company that provides growth funding and strategic insight to technology, life science and health startups. Founded in 2014, the firm operates through affiliated investment entities and maintains offices in Helsinki. It supports early and growth-stage companies by offering capital and access to industry expertise through a team of professionals and specialists. Innovestor targets sectors including software, information technology, healthcare, life sciences, cleantech, and industrial technologies, and maintains regulatory oversight by the Finnish Financial Supervisory Authority.

Copenhagen Infrastructure Partners is a multinational fund management company specializing in investments in energy, renewables, and water infrastructure across Europe, Asia and North America. The firm manages a family of infrastructure funds, including CIP II, CIP III, CIP IV and CIP V, all aimed at long-term, core infrastructure exposures with a focus on renewable energy and related assets. Its team brings extensive experience in regulated infrastructure, project development, and energy projects, with leaders who have held senior roles at DONG Energy. CIP pursues durable, long-horizon investments in assets such as offshore and onshore wind, solar, electricity transmission and energy storage, as well as other clean infrastructure opportunities.

Metaplanet Holdings is a venture capital firm founded in 2011 and based in Tallinn, Estonia. It backs early-stage companies across a broad range of sectors, including artificial intelligence and robotics, life sciences, enterprise and consumer technology, biotech, cryptocurrency, healthcare, transportation, and other technology-driven fields. The firm supports novel, evidence-based innovations with the potential for outsized returns and aims to create meaningful impact.

Elephant Partners is a Boston-based venture capital firm that concentrates on early-stage investments in enterprise software and consumer internet companies, with additional focus on mobile technologies. The firm operates across the United States, targeting opportunities in technology, media, and telecommunications sectors and seeking to support growth-oriented startups through its early-stage capital and strategic guidance.

Hummingbird Ventures is a venture capital firm that partners with extraordinary founders building fast-growth technology companies. Founded in 2010 and with a presence in London, Ghent and Istanbul, the firm backs early-stage to growth-stage startups across sectors including blockchain, healthcare, deep tech, fintech, marketplaces, gaming, hardware, software as a service and biotech. It provides capital alongside hands-on operational support to help portfolio companies accelerate growth, leveraging an international network and operational know-how. Notable investments include Deliveroo, Showpad, Kraken, Peak Games and Gram Games, among others. The firm focuses on late seed to Series A opportunities and emphasizes helping fast-growing digital businesses scale through strategic guidance and access to resources.

Karma Ventures is a Tallinn-based venture capital firm that backs early-stage technology companies across Europe, with a focus on late-seed and Series A rounds. It invests in software, deep-tech, and ICT startups that demonstrate strong technology, customer traction, and international ambition. The firm targets European teams and supports them through multiple rounds, typically committing up to a few million euros per company and pursuing follow-on investments as needed. Karma Ventures operates from Estonia with additional offices in Luxembourg, and it partners with entrepreneurs to define paths to growth across commercial, strategic, and technical dimensions.

SEED Capital Denmark is a Copenhagen-based venture capital firm focused on seed- and early-stage technology investments in Denmark and the Nordic region. Founded in 2004, it backs technology-driven companies across software, information technology, and TMT sectors and supports Danish startups with global ambitions. The firm has managed multiple funds including SEED Capital Denmark II, III and IV, and makes investments across Denmark and other Nordic markets such as Finland, Iceland, Norway and Sweden depending on the fund. Typical ticket sizes vary by fund, with documented ranges from about 5 million to 75 million Danish kroner, and late-seed rounds sometimes reported in the low single-digit millions of euros. Through its funds, SEED Capital Denmark aims to build early-stage portfolios of Danish tech companies and guide them toward international growth.

Prosus is the international internet assets division of Naspers and a global consumer internet group and technology investor. It blends venture capital and operating capabilities to fund, acquire, build and scale technology businesses across multiple platforms and geographies. The company operates across the Americas, Asia, Europe, the Middle East and Africa, pursuing investments and active management in internet services, e-commerce, fintech, and related sectors. It maintains meaningful holdings in large technology platforms and online services, including Tencent, Mail.ru, Ctrip and Delivery Hero. Through its operating model, Prosus aims to identify high-potential companies and provide them with strategic support to scale globally, contributing to growth in the communities where they operate.

Impellent Ventures is a venture capital firm based in Rochester, New York, founded in 2018. It makes early-stage investments, focusing on pre-seed and seed rounds in the United States and Canada.

Northzone is a venture capital firm founded in 1996 and headquartered in London, with offices in New York, Oslo and Stockholm. The firm backs technology-focused companies across stages, prioritizing software, hardware, and AI-enabled businesses, along with sectors such as healthcare, semiconductors, blockchain, gaming, fintech, and marketplaces. Northzone seeks to help founders scale internationally by connecting portfolio companies with customers, partners and talent through its global network. The firm has built a track record of partnering with category-defining founders and has a Nordic to European footprint complemented by a U.S. presence to support cross-border growth. Northzone emphasizes technology-driven models with potential for rapid expansion and tends to invest in companies at early to growth stages, leveraging its multi-region reach to support portfolio companies in scaling globally.

Molten Ventures is a venture capital firm based in London, United Kingdom; it invests in deeptech, consumer tech, healthtech, SaaS and enterprise software, and other technology sectors including software, telecoms, electronics, the internet, MedTech and cleantech, and it supports visionary entrepreneurs to develop and scale technologies that could shape the future.

Index Ventures is a venture capital firm founded in 1996 and based in London with additional offices in San Francisco and Geneva, supporting entrepreneurs shaping technology-driven global businesses by investing across early and growth stages in software, TMT, and related sectors including artificial intelligence, data, fintech, healthcare, and mobility, and partnering with founders to scale companies globally.

Goldfish Fund is a venture capital firm established in 2001 and based in Vilnius, Lithuania. The firm specializes in investing in early-stage startups within Frontier Markets, seeking opportunities that demonstrate strong potential for growth. Goldfish Fund focuses on a diverse array of sectors, including e-commerce, security, retail, food, restaurant chains, beauty, entertainment, robotics, travel technology, mobile applications, marketplaces, and internet technology. The firm aims to support companies with exceptional products and talented teams that aspire to develop into world-class enterprises.

Lead Ventures is a Budapest-based venture capital firm that backs growth-oriented technology companies in Central Europe. Founded in 2017, it focuses on late Seed through Series B and scale-ups, typically investing €2-10 million. The firm backs teams with strong growth potential across sectors including software as a service, AI, cybersecurity, enterprise automation, fintech, adtech, telecom, mobility, energy and sustainability, and B2B services, with a preference for founders from Central Eastern Europe. Lead Ventures leverages its regional network and industry experience to help portfolio companies scale, expand within Hungary and the broader Central and Eastern Europe region. The firm is backed by corporate and financial institutional investors, including MOL and the Hungarian Development Bank and Eximbank, and manages around €200 million in funds.