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 BaltCap, EBRD Venture Capital, Intel Capital, Inventure, Karma Ventures, Kima Ventures, Octopus 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 IB, Evli Bank, Hanseatic Capital, MP Investment Bank, SEB Enskilda, Summa Advisers 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, 12 of which exited, incl. exits to AST&Science, InVision, Würth Group, and currently actively manages 27 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, incl. exits to Moog Inc. and public on Nasdaq Baltic.
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.