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Iron Wolf Capital is a venture capital firm founded in 2019, located in the Baltic region. The firm focuses on investing in AI and deep tech startups, primarily targeting exceptional founders within the Baltics and its diaspora. Since its inception, Iron Wolf Capital has actively supported innovative and science-driven ventures, aiming to enhance the technology landscape of the region.
The firm currently manages a fund size of €33 million and has invested in over 20 startups. Iron Wolf Capital is in the process of deploying its second fund, which has achieved a first close of €30 million and targets a final close of €100 million. The firm has a strong commitment to supporting early-stage companies, particularly in sectors such as AI, robotics, and biotech.
Iron Wolf Capital's notable milestones include the acquisition of its portfolio company Amberlo by stp.one in April 2025. The firm emphasizes a collaborative approach, working closely with founders to navigate challenges and seize growth opportunities.
Iron Wolf Capital invests in early-stage startups, with initial investments ranging from €500,000 to €2 million. The firm leads or co-leads funding rounds and has a particular interest in sectors such as AI, robotics, biotech, healthcare, energy, agtech, edtech, and frontier technologies. Their investment strategy emphasizes science-driven ventures that require patient capital, aligning with their mission to support transformative technologies.
The firm is actively deploying its second fund, targeting approximately 25 startups with initial checks between €500,000 and €2 million. Iron Wolf Capital's investment thesis highlights a commitment to exceptional founders and innovative solutions, particularly within the Baltic region and its diaspora. The firm seeks to partner with startups that demonstrate strong potential for growth and scalability.
Iron Wolf Capital has invested in over 20 startups since its inception. Notable portfolio companies include:
Kasparas Jurgelionis: Founding Partner with over 20 years of experience in investment banking, previously at Deutsche Bank and Dresdner Kleinwort. He serves as the Chairman of the Lithuanian Private Equity and Venture Capital Association since April 2024.
Zygimantas Susnys: Co-Managing Partner with a background in investment banking and strategic consulting, bringing valuable expertise to the firm.
Viktoras Jucikas: Co-founder of Iron Wolf Capital, contributing to the firm's strategic direction and investment decisions.
Kadi-Ingrid Lilles: Partner who has been promoted from head of platform and investor, recognized as Estonia's newest female VC partner.
Juste Damulyte-Brookes: Head of Finance, overseeing financial operations and fund management.
Vanda Alwast: Associate, supporting the investment team in sourcing and evaluating potential deals.
Startups interested in pitching to Iron Wolf Capital should visit their website at ironwolfcapital.com. They prefer detailed decks that outline the business model, market opportunity, and team qualifications. Founders should expect a response time of approximately 2-4 weeks after submission. Warm introductions are encouraged but not mandatory.
In April 2025, Iron Wolf Capital's portfolio company Amberlo, a legaltech firm, was acquired by stp.one, marking a significant exit for the firm. This acquisition highlights Iron Wolf Capital's active portfolio management and commitment to supporting innovative solutions.
The firm is currently deploying its second fund, which has achieved a first close of €30 million and targets a final close of €100 million. This fund aims to invest in approximately 25 startups, continuing Iron Wolf Capital's focus on early-stage, science-driven ventures.
What are Iron Wolf Capital's investment criteria?
Iron Wolf Capital focuses on early-stage startups in sectors such as AI, robotics, biotech, healthcare, energy, agtech, edtech, and frontier technologies. They seek exceptional founders who demonstrate strong potential for growth and scalability.
How can startups apply or pitch to Iron Wolf Capital?
Startups can pitch to Iron Wolf Capital through their website at ironwolfcapital.com. They encourage founders to provide detailed information about their business model, market potential, and team.
What makes Iron Wolf Capital different from other venture capital firms?
Iron Wolf Capital emphasizes a collaborative approach, working closely with founders to navigate challenges and seize growth opportunities. Their focus on science-driven ventures requiring patient capital sets them apart in the Baltic region.
What is the geographic scope of Iron Wolf Capital's investments?
The firm primarily invests in the Baltic region and its diaspora, targeting exceptional founders and innovative solutions within this geography.
What is the typical fund size and check size for Iron Wolf Capital?
Iron Wolf Capital's current fund size is €33 million, with initial investments ranging from €500,000 to €2 million. They lead or co-lead funding rounds to support their portfolio companies.
What kind of post-investment involvement does Iron Wolf Capital have?
Iron Wolf Capital adds value to its portfolio companies through strategic guidance, access to a network of industry experts, and support in scaling operations. They emphasize a hands-on approach to help startups navigate their growth journey.
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