We are a sector and stage–agnostic evergreen VC fund with EUR 44.3 million committed capital and EUR 21.6 million dry powder available for investments.
We always co-invest with business angels and/or other investors or venture capital funds. Our typical deal structure involves co-investing with at least three accredited business angels, who enjoy profit-sharing scheme in case of a successful exit. We also co-invest on a pari-passu basis with other investors, i.e., at equal terms.
While we would look at startups from all sectors, our primary focus is on the sectors of strategic importance to Lithuania:
GreenTech, ClimateTech, EnergyTech
Life Sciences & MedTech
DeepTech, Big Data & Artificial Intelligence
Space, Aviation & Other Transport solutions
Defence, Deterrence & Dual-Use
Fully funded with public money from the Republic of Lithuania & European Union, we manage our funds according to the best VC industry practices within our mandate terms and aims.
Being an evergreen VC fund, we have patient capital and can make business-driven decisions without time pressure to invest or exit. This makes us well-positioned to invest in R&D-intensive startups with longer time horizons.