About

Practica Capital is one of the most active and leading VC firms in Lithuania and the Baltics. We invest in early stage ventures and high growth SMEs, which have an ambition to become regional, international, global players or target leading position in their national markets. 

We make initial and follow-on investments from seed to series A to growth stage across various industries and verticals focusing on the Lithuanian and Baltic innovation- & technology-driven early stage ventures and SMEs with growth/scale-up potential. We also invest in early stage teams from the rest of Europe, including Eastern neighbours (Belarus, Ukraine, etc.). 

We are active investors, who roll up their sleeves and work closely with entrepreneurs and management teams delivering on a regional/international/global or local opportunity.

Practica Capital is a lead investor with strong co-investment philosophy and successful track record of co-investments with other VCs and angels, including BaltCapEBRD Venture CapitalIntel Capital, Karma VenturesKima VenturesOctopus Ventures, Vostok Emerging Finance and others. We actively facilitate, lead or participate in syndicated and follow-on investments. 

Practica Capital was founded in 2011 and is run by an independent team of investment professionals with previous pan-Baltic VC&PE and investment banking experience in BaltCap, CA IBEvli BankHanseatic Capital, MP Investment BankSEB Enskilda as well as entrepreneurs who exited their businesses like the medical device producer Aitecs (Viltechmeda UAB) sold to a NYSE-listed Moog Inc. (USA) and other. Our team is further supported by a network of external advisors.

Currently, Practica Capital manages €8M seed and €16M venture capital funds launched in 2012 under the JEREMIE initiative in Lithuania, which is administered by the European Investment Fund (EIF), Ministry of Economy, Ministry of Finance and funded from the EU Structural Funds under 2007-2013 Economic Growth Operational Programme of Lithuania. The funds are financed by the EIF-managed JEREMIE fund-of-funds, our team and a number of other private sector investors.

As part of the seed fund, we run Startup.lt accelerator, which helps startups build a product, gain initial traction and grow fast.

To date, Practica Capital has made over 40 investments, currently actively manages 28 portfolio companies. Earlier, the founders of the firm individually participated in 13 VC&PE and other investments totaling €34M, 11 of which exited for €98M. 

Rising Star: Best CEE & Russia Private Equity Fund

Private Equity Exchange & Awards (2016, 2017) 

We are your reliable Baltic VC partner who has accumulated know-how. Know-how coming from practical experience. Our team has diverse backgrounds, an extensive track-record in a range of stages, verticals and types of financing with significant experience, both in success and failure, full cycle, leading and/or syndicating investments, including entrepreneurial experience. We bring value-added advice on strategic, financial and operational level. We can identify gaps and connect to our relevant network for specific expertise, advice and additional capital.

We know what it takes to build a success story from the Baltics.

Strategy

Investment
Seed
Series A
Growth
Company
Early startup
Startup
Late startup, SME
Milestone
Launch, MVP, early PMF
PMF, early growth
Scale-up, expansion

Focus

Industry focus
Generalist Technology-driven
Geographic focus
Baltics
Main approach
Active investor Entrepreneurial

Investment size range

Minimum
€100K
Maximum €2M+

Our team

Donatas Keras

Co-Founder & Partner
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Silvestras Tamutis

Co-Founder & Partner
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Tomas Andriuškevičius

Partner
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Petras Mičiūnas

Co-Founder & Partner
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Dr. Anatolijus Faktorovičius

Co-Founder & Partner Senior advisor
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Arvydas Bložė

CEO of Startup.lt
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Jean-Baptiste Daguené

CCO of Startup.lt Advisor
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Gintas Daniusevičius

CFO
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Dovilė Venclovaitė

Office Administrator
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