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Lost Astronaut is a venture capital firm based in Vilnius, Lithuania, founded by Tadas Burgaila, who is also a co-founder of Kilo Health, a prominent healthtech company in Europe. The firm operates with a unique model that combines venture capital investment, in-house venture building, and a talent scholarship program aimed at supporting early-stage founders. Established to empower 'astronauts'—bold thinkers and doers—Lost Astronaut seeks to provide them with the necessary resources to launch and scale their ventures.
Currently, Lost Astronaut manages a portfolio that includes notable investments and operates primarily within Europe. The firm has gained recognition for its innovative approach to startup support, which includes not only financial backing but also strategic partnerships and mentorship. Their commitment to fostering talent is evident in their investment strategy, which prioritizes passion and determination among founders.
As of now, Lost Astronaut has been actively investing in multiple startups each week, showcasing its dynamic presence in the startup ecosystem. The firm has established itself as a key player in the Lithuanian startup scene, particularly through its connections and involvement in local initiatives.
Lost Astronaut employs a multifaceted investment strategy that encompasses three primary pathways: venture building, venture capital, and talent scholarships. The venture builder aspect focuses on developing groundbreaking concepts in-house, where the firm actively seeks exceptional co-founders to bring these ideas to fruition. This approach allows Lost Astronaut to maintain a hands-on role in the creation of new ventures.
In its venture capital capacity, Lost Astronaut invests in revolutionary startups that align with its vision, providing both funding and strategic partnerships. The firm typically invests between $100,000 and $200,000 per startup, with exceptions made for particularly promising opportunities. Their investment thesis emphasizes a people-first approach, prioritizing passion and determination, especially among first-time founders. Lost Astronaut believes that raw talent, when matched with the right opportunity, can lead to extraordinary ventures.
Additionally, the talent scholarship program identifies and supports individuals in the top 0.1% of aspiring founders, offering mentorship and resources to help them succeed. This comprehensive strategy positions Lost Astronaut as a unique player in the venture capital landscape, particularly in sectors such as healthcare, AI, fintech, and consumer markets.
Lost Astronaut's portfolio includes notable companies that exemplify its investment strategy. One standout is Cannumo, a Lithuanian wellness startup that recently secured a record €1M investment on Lithuanian Shark Tank. This achievement highlights the firm's strong connections within the startup ecosystem and its ability to identify promising ventures.
While Cannumo is a key example, Lost Astronaut is actively involved in multiple investments across various sectors, including healthcare, AI, fintech, and consumer markets. The firm’s focus on supporting innovative startups aligns with its mission to empower bold thinkers and doers, ensuring that its portfolio reflects a diverse range of impactful companies.
Tadas Burgaila — Founder; co-founder of Kilo Health, Tadas has extensive experience in the healthtech sector and leads Lost Astronaut's vision and strategy.
Dobilė Minkutė — Principal; Dobilė brings a wealth of knowledge in venture capital and startup development, playing a key role in sourcing and evaluating investment opportunities.
Marius Burgaila — Partner; Marius has a strong background in entrepreneurship and investment, contributing to the firm's strategic direction and portfolio management.
Ilona Bernotaitė — Partner; Ilona specializes in supporting early-stage companies, leveraging her expertise to guide founders through the startup journey.
Rūta Pukenė — Manager; Rūta focuses on operational support for portfolio companies, ensuring they have the resources needed to succeed.
To pitch to Lost Astronaut, founders should submit their proposals through the official website at lostastronaut.space. The pitch deck should include key information such as the business model, market analysis, team background, and financial projections. Founders are encouraged to highlight their passion and determination, as these qualities are highly valued by the firm.
Response times can vary, but Lost Astronaut is known for its quick deal closure, with some deals being finalized in as little as 1 hour and 25 minutes. Founders may benefit from warm introductions, but direct applications are also accepted.
Lost Astronaut runs the Base Jump Arena, a three-month intensive challenge designed for aspiring and early-stage founders under the age of 25. Participants in this program live together in Vilnius and receive monthly €1,000 scholarships, operational budgets, and mentorship from experienced entrepreneurs.
The program culminates in the opportunity for top talents and teams to secure up to €500,000 in investment, providing a significant boost to their ventures. This initiative reflects Lost Astronaut's commitment to nurturing the next generation of entrepreneurs.
Lost Astronaut has been actively investing in multiple startups each week, showcasing its dynamic presence in the startup ecosystem. Recently, the firm celebrated the success of its portfolio company, Cannumo, which secured a record €1M investment on Lithuanian Shark Tank. This achievement underscores Lost Astronaut's strong connections within the startup community and its ability to identify promising ventures.
The firm continues to expand its influence in the Lithuanian startup scene, actively seeking new investment opportunities and supporting bold thinkers and doers.
What are Lost Astronaut's investment criteria?
Lost Astronaut invests in startups that demonstrate passion and determination, particularly focusing on first-time founders. The firm seeks innovative concepts in sectors such as healthcare, AI, fintech, and consumer markets.
How can startups apply or pitch to Lost Astronaut?
Startups can apply through the official website at lostastronaut.space. The application process typically involves submitting a pitch deck that outlines the business model, market opportunity, and team background.
What makes Lost Astronaut different from other venture capital firms?
Lost Astronaut distinguishes itself through its three pathways: venture builder, venture capital, and talent scholarship. This multifaceted approach allows the firm to provide comprehensive support to founders beyond just financial investment.
What is the geographic scope of Lost Astronaut's investments?
The firm primarily operates in Europe, focusing on startups based in Lithuania and surrounding regions. However, it remains open to opportunities that align with its investment thesis.
What is the average check size for investments?
Lost Astronaut typically invests between $100,000 and $200,000 in each startup, although exceptions may be made for particularly promising ventures.
What kind of post-investment support does Lost Astronaut provide?
Lost Astronaut offers strategic partnerships, mentorship, and resources to its portfolio companies, helping them navigate the early stages of their ventures and scale effectively.
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