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BSV Ventures, formerly known as Baltic Sandbox Ventures, is an early-stage venture capital firm established in 2018 and headquartered in Vilnius, Lithuania. The firm specializes in investing in research and development (R&D) teams and individuals who are addressing complex technical challenges with substantial commercial potential. BSV Ventures aims to bridge the gap between academic research and commercial ventures, emphasizing scientific rigor over traditional startup metrics.
As of now, BSV Ventures manages a fund size of €11 million and has invested in 64 companies. The firm operates not only in Lithuania but also extends its reach across the Baltic region and Europe. BSV Ventures has a strong commitment to supporting innovative solutions in deep tech, life sciences, and dual-use technology, with a goal of fostering over 80 startups from 2022 to 2025.
BSV Ventures primarily invests in sectors such as artificial intelligence, biotechnology, healthcare, robotics, Internet of Things (IoT), nanotechnology, and space technology. The firm targets early-stage investments, specifically in pre-seed and seed stages, with check sizes ranging from €0 to €400,000. BSV Ventures emphasizes R&D-driven solutions that have high societal and commercial impact potential.
The investment strategy includes supporting teams at various stages, including incubation and acceleration, with a focus on deep tech and life sciences. BSV Ventures seeks individuals and teams that are solving complex technical challenges and have a clear commercial application for their technology. The firm does not require pitch decks or proven traction, allowing researchers and scientists to secure funding at the earliest stages of commercialization.
BSV Ventures has built a diverse portfolio of 64 companies, showcasing its commitment to deep tech and life sciences. Notable portfolio companies include:
These companies reflect BSV Ventures' focus on R&D-driven innovations that address significant challenges in their respective fields.
Sandra Golbreich - General Partner. Sandra has a background in venture capital and has co-founded multiple startups. She focuses on supporting R&D-driven teams and has extensive experience in the deep tech sector.
Andrius Milinavičius - General Partner. Andrius has a strong background in technology commercialization and has led several successful investments in the life sciences sector.
Erik Bhullar - General Partner. Erik specializes in deep tech investments and has a track record of supporting innovative startups in various technology fields.
Walid El Cheikh - Venture Partner. Walid brings expertise in business development and has worked with numerous startups to enhance their market strategies.
Janiina Lammi - Venture Partner. Janiina has a background in research and development, focusing on bridging the gap between scientific innovation and commercial viability.
Jokūbas Karnauskas - Associate. Jokūbas supports the investment team with research and analysis of potential portfolio companies.
Eglė Jašinskaitė - Technologies Analyst. Eglė evaluates the technological aspects of potential investments, ensuring alignment with BSV Ventures' focus areas.
Kristina Kaceviciute - Project Manager. Kristina manages various projects within the firm, facilitating communication between portfolio companies and the investment team.
Dominykas Milašius - Venture Scout. Dominykas identifies promising startups and technologies that align with BSV Ventures' investment strategy.
To pitch to BSV Ventures, founders should visit their website at balticsandbox.ventures for application details. The firm prefers direct communication via email at info@bsv.ventures. Founders are encouraged to include information about their research background, the problem they are addressing, and the potential market for their solution in their pitch.
BSV Ventures does not require a formal pitch deck, which allows for a more flexible approach to presenting ideas. Response times may vary, but the firm is committed to engaging with potential applicants.
BSV Ventures runs several programs designed to support early-stage startups:
In 2023, BSV Ventures has actively promoted its incubation and acceleration programs, aiming to support over 80 startups from 2022 to 2025. The firm has also announced its commitment to investing in R&D-driven teams in deep tech and life sciences.
Additionally, BSV Ventures has successfully deployed €6.4 million across its portfolio, demonstrating its active engagement in the startup ecosystem.
What are the investment criteria for BSV Ventures?
BSV Ventures invests in early-stage R&D-focused individuals and teams, particularly in deep tech and life sciences. The firm looks for solutions that tackle complex technical challenges with substantial commercial potential.
How can startups apply or pitch to BSV Ventures?
Startups can apply through the BSV Ventures website at balticsandbox.ventures. The firm encourages direct communication via email at info@bsv.ventures.
What makes BSV Ventures different from other investors?
BSV Ventures does not require pitch decks or proven traction, allowing researchers and scientists to secure funding at the earliest stages of commercialization. The firm prioritizes scientific rigor and supports teams through structured incubation and acceleration programs.
What is the geographic scope of BSV Ventures?
BSV Ventures primarily focuses on the Baltic region and Europe, investing in startups that are addressing challenges in these areas.
What is the typical check size for investments?
BSV Ventures typically invests between €0 and €400,000, with a focus on seed stage investments.
What kind of post-investment involvement does BSV Ventures have?
BSV Ventures provides mentorship and business development support to its portfolio companies, helping them transition from research to commercial viability.
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