Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
Practica Capital is an early-stage venture capital firm based in Vilnius, Lithuania, founded in 2011. The firm focuses on backing Baltic founders and has invested exclusively in technology potential within the Baltic States. Over the past 12 years, Practica Capital has established itself as a significant player in the Baltic venture capital landscape, managing four funds with over €132 million in assets under management (AUM) and making more than 70 investments across various sectors.
The firm operates with a strong commitment to supporting local entrepreneurs, emphasizing technology-driven businesses. Practica Capital's portfolio includes over 60 companies, showcasing its dedication to fostering innovation in the region. The firm collaborates with local, regional, and international stakeholders to enhance the growth of its portfolio companies, ensuring they have access to the necessary resources and networks to succeed.
Practica Capital invests primarily in early-stage technology-driven businesses, focusing on seed, pre-seed, and Series A stages. The firm typically writes checks ranging from €300,000 to €3 million, with total support for companies potentially reaching up to €8 million. Their investment strategy encompasses a wide array of sectors, including AI, fintech, healthcare, climate, biotech, SaaS, consumer, commerce, energy, and web3.
The firm emphasizes a cross-industrial approach, targeting Baltic-origin ventures while also considering opportunities in Europe and Latin America. Practica Capital seeks to partner with innovative founders who are developing digital and technology-enabled business models. Their investment thesis highlights the importance of technology potential across various industries, positioning them as a key player in the Baltic venture capital ecosystem.
Practica Capital's portfolio features over 60 companies, showcasing a diverse range of sectors and innovative solutions. Notable portfolio companies include:
These companies represent a mix of emerging leaders in their respective fields, reflecting Practica Capital's commitment to supporting innovative technology ventures in the Baltic region.
Donatas Keras: Partner and Founder at Practica Capital, Donatas has extensive experience in venture capital and entrepreneurship. He has led numerous investments in technology startups across the Baltic region.
Arvydas Bložė: Partner at Practica Capital, Arvydas brings a wealth of knowledge in finance and investment strategies, focusing on early-stage technology ventures.
Tomas Andriuškevičius: Partner at Practica Capital, Tomas has a strong background in technology and business development, contributing to the firm's investment decisions and portfolio management.
Gintas Daniusevičius: Partner at Practica Capital, Gintas specializes in operational support and strategic guidance for portfolio companies, helping them scale effectively.
Kotryna Blažaitytė: Finance Manager at Practica Capital, Kotryna oversees financial operations and reporting, ensuring the firm's funds are managed efficiently.
Tim Vaino: Investment Manager at Practica Capital, Tim is responsible for sourcing and evaluating new investment opportunities within the technology sector.
Kipras Vaičekauskas: Senior Analyst at Practica Capital, Kipras conducts market research and analysis to support investment decisions and portfolio management.
Guoda Taraškevičiūtė: Community & Marketing Manager at Practica Capital, Guoda focuses on building relationships within the startup ecosystem and promoting the firm's initiatives.
Aistė Obolevičiūtė: Analyst at Practica Capital, Aistė assists in due diligence and investment analysis, contributing to the firm's overall investment strategy.
Skirmantė Vaičiūtė: Office Administrator at Practica Capital, Skirmantė manages administrative tasks and supports the team in daily operations.
To pitch Practica Capital, startups should send an email to info@practica.vc with a detailed pitch deck. The deck should include information about the business model, market opportunity, competitive landscape, and team background. Practica Capital prefers concise and well-structured presentations that clearly outline the startup's vision and potential for growth.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial but not mandatory.
In December 2023, Practica Capital announced the final close of its Fund III at €80 million, with over €10 million already invested in six companies. This fund focuses on early-stage technology investments in the Baltic region.
Practica Capital has also received significant backing from institutional investors, including a €10 million investment from the European Bank for Reconstruction and Development (EBRD) and support from the European Investment Fund (EIF).
Recent portfolio highlights include investments in companies like PVcase, a leader in solar design software, and TransferGo, which provides financial services for international money transfers.
What are Practica Capital's investment criteria?
Practica Capital focuses on early-stage technology-driven businesses, primarily in the Baltic region. They invest in seed, pre-seed, and Series A stages, with check sizes ranging from €300,000 to €3 million.
How can startups apply or pitch to Practica Capital?
Startups can reach out to Practica Capital via email at info@practica.vc. It is advisable to include a detailed pitch deck outlining the business model, market opportunity, and team background.
What makes Practica Capital different from other VCs?
Practica Capital has a strong focus on the Baltic region and exclusively backs Baltic founders. Their extensive network of local and international stakeholders provides portfolio companies with valuable resources and support.
What is Practica Capital's geographic scope?
The firm primarily invests in the Baltic States (Lithuania, Latvia, Estonia) but also considers opportunities in Europe and Latin America.
What is Practica Capital's post-investment involvement?
Practica Capital provides strategic guidance, operational support, and access to resources that help startups scale and succeed in competitive markets. They actively engage with their portfolio companies to ensure growth and development.
What is the size of Practica Capital's funds?
Practica Capital manages four funds with a total of over €132 million in assets under management. They have made more than 70 investments across various sectors.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.