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Motieka Investment Fund (MIF) is Lithuania's first employee investment fund, established on June 2, 2020. The fund was created for the employees of the law firm 'Motieka ir Audzevičius,' allowing them to invest in their clients' businesses. This model fosters a unique partnership where lawyers become co-investors alongside their clients, emphasizing shared success and responsibility.
Based in Vilnius, Lithuania, MIF operates as a closed-end limited partnership (KŪB), with 'Motieka Fund Management' serving as the general partner. The fund has a total portfolio size of €1,295,355 and has invested in 17 companies since its inception. The fund's innovative approach has positioned it as a pioneer in the Lithuanian investment landscape.
Motieka Investment Fund has achieved a portfolio return of 11.09%, reflecting its commitment to aligning the interests of its limited partners—employees of the law firm—with the success of the startups they invest in. This unique structure not only benefits the fund but also enhances the legal services provided by Motieka & Audzevičius.
MIF focuses on investments in sectors where the team can provide legal services and create added value. These sectors include fintech, gaming, energy, legaltech, digital health, and consumer products. The fund invests across various stages, including pre-seed, seed, seed+ (extension), Series A, Series B, and growth equity. This broad stage focus allows MIF to engage with startups at different points in their development.
The check size for investments typically starts at $1 million, enabling MIF to support early-stage ventures while also participating in later-stage funding rounds. The fund primarily targets European startups, particularly those based in Lithuania, where it can leverage its legal expertise in M&A transactions, board participation, dispute resolution, and special projects. MIF seeks founders who share a vision of mutual responsibility and success.
Motieka Investment Fund has built a diverse portfolio of 17 companies across various sectors. Notable investments include:
This portfolio reflects MIF's strategy of investing in sectors where it can provide legal value-add, enhancing the potential for success.
Giedrius Kolesnikovas: Chairman of the Board, brings extensive experience in legal and investment sectors, having worked with various startups and established firms.
Ramūnas Audzevičius: Board Member, co-founder of Motieka & Audzevičius, specializes in corporate law and has a strong background in M&A transactions.
Jovitas Elzbergas: Board Member, has a wealth of experience in legal advisory and investment strategies, focusing on technology and innovation sectors.
Viktorija Kodis: Director, oversees fund operations and investment strategies, with a background in finance and law.
Agnė Lukošienė: Chief Financial Officer, responsible for financial management and reporting, with expertise in fund administration and compliance.
To pitch to Motieka Investment Fund, founders should send an email to info@mifund.lt. The pitch deck should include an overview of the business model, market analysis, and how the startup aligns with MIF's investment focus. A clear articulation of the legal needs and how MIF can add value is also recommended.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions through mutual connections are preferred but not mandatory.
On June 2, 2023, Motieka Investment Fund celebrated its third anniversary, marking significant milestones in its investment journey. The fund has successfully invested in 17 companies, achieving a portfolio return of 11.09%.
In March 2023, MIF announced its latest investment in **InBalanceGrid**, focusing on expanding EV charging infrastructure in Lithuania. This investment aligns with the fund's commitment to supporting sustainable energy solutions.
Additionally, MIF has been actively involved in discussions around legaltech innovations, showcasing its portfolio company **Amberlo** at various industry conferences throughout 2023.
What are the investment criteria for Motieka Investment Fund?
MIF invests in early-stage to growth equity companies primarily in Europe, focusing on sectors where legal expertise can add value, such as fintech, gaming, energy, legaltech, digital health, and consumer products.
How can I pitch my startup to MIF?
Founders can reach out via email at info@mifund.lt. It is advisable to include a detailed pitch deck outlining the business model, market opportunity, and how the startup aligns with MIF's investment focus.
What makes Motieka Investment Fund different from other VCs?
MIF is unique as it allows employees of a law firm to invest in their clients' businesses, creating a partnership model that emphasizes shared success and responsibility. This structure enables MIF to provide significant legal support to its portfolio companies.
What is the typical check size for investments?
The fund typically invests around $1 million, but this can vary based on the specific needs of the startup and the stage of investment.
What is the geographic focus of MIF?
MIF primarily focuses on Lithuanian startups but is open to European ventures that align with its investment thesis.
What kind of post-investment support does MIF provide?
MIF adds value through legal expertise in transactions, board participation, and dispute resolution, leveraging the knowledge of the Motieka & Audzevičius team to support portfolio companies.
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