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Open Circle Capital is a venture capital firm based in Vilnius, Lithuania, founded in 2017. The firm specializes in investing in early-stage technology companies, particularly in sectors such as information and communication technology (ICT), robotics, and high-tech industries. With a strong commitment to fostering innovation, Open Circle Capital partners with startups that exhibit significant growth potential and readiness to expand into international markets. The firm has successfully raised two funds, with Fund I focusing on Lithuanian tech startups and Fund II (OCC II) expanding its reach to the Nordics and Baltics. Although the specific sizes of these funds are undisclosed, Open Circle Capital is known for its flexible investment strategy, allowing it to lead or follow investment rounds as needed. The firm is partially funded by INVEGA, the Lithuanian government investment agency, which supports early-stage ventures. Open Circle Capital has built a reputation for its strategic guidance and expertise in technology sectors, making it a valuable partner for startups aiming for global success.
The investment strategy of Open Circle Capital is centered around early-stage technology companies with high growth potential. The firm typically makes initial investments ranging from €100,000 to €500,000, with the possibility of follow-on investments totaling up to €3 million over several years. Open Circle Capital is open to a diverse range of technology sectors, including SaaS, marketplaces, apps, logistics, med-tech, life sciences, AI, IoT, fintech, and energy. The firm particularly values experienced entrepreneurial teams that demonstrate a strong vision and capability to scale their businesses. By focusing on sectors such as ICT and robotics, Open Circle Capital aims to support Baltic-origin startups with global ambitions, ensuring they have the resources and guidance necessary to thrive in competitive markets.
Open Circle Capital has built a diverse portfolio of 15 companies across various technology sectors. Notable investments include Monimoto, which specializes in hardware and IoT solutions, and Eddy Travels, an AI-driven travel assistant. Other significant portfolio companies are PIXEVIA, engaged in AI applications; Billo, operating in the ICT sector; and Solarbank, which focuses on energy solutions. The firm has also backed fintech company Paysolut and e-commerce platform ROCKETO. Open Circle Capital has achieved notable exits with companies like Frontu and Vieta.app, showcasing its ability to identify and nurture high-potential startups. The firm’s portfolio reflects its commitment to supporting innovative technology solutions that address real-world challenges.
To pitch Open Circle Capital, founders should visit their pitch URL at opencirclecapital.lt or email hello@opencirclecapital.lt. They accept both warm introductions and cold applications, and pitches should clearly outline the business model, market potential, and team experience.
Open Circle Capital invests in various stages, including Pre-seed, Seed, Seed+ (Extension), Series A, and Series A+ (Extension). This broad range allows them to support startups at different points in their growth journey.
Founders can pitch Open Circle Capital by visiting their pitch URL at opencirclecapital.lt or by emailing them directly at hello@opencirclecapital.lt. They welcome both warm introductions and cold applications.
The firm focuses on a variety of technology sectors, including AI, IoT, SaaS, healthcare, fintech, logistics, robotics, commerce, biotech, and energy. This diverse focus allows them to invest in innovative solutions across multiple industries.
Open Circle Capital typically invests between €100,000 and €500,000 in initial funding rounds. They also have the capacity for follow-on investments that can total up to €3 million over time.
Open Circle Capital primarily invests in Europe and the Nordics, with a particular emphasis on supporting Baltic-origin startups that have global ambitions.
To apply for funding, founders should submit their pitch through the firm’s website or via email. They are open to both warm introductions and cold pitches, making it accessible for various founders.
Open Circle Capital adds value to its portfolio companies by leveraging its expertise in technology sectors and providing strategic guidance. They are flexible in leading or following investment rounds, ensuring effective support as companies grow.
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