Fundraising Fox
FlyCap
Venture debtRiga · Growth · 6 people tracked
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Investment thesis
FlyCap provides private debt financing to growing, profitable companies, mainly in Latvia (about 75%) and other EU countries (about 25%). Through its Private Debt Fund III it offers loans of EUR 1-4 million for up to five years at annual interest rates of 12%+, which can be subordinated to bank loans, with bullet or scheduled repayment and a 2.5-year lock-in period. Target borrowers have positive cash flow, annual revenue above EUR 1 million, yearly revenue growth over 10%, and leverage up to 5x EBITDA. Preferred sectors include healthcare, B2B, IT & tech, and export-oriented manufacturing, with a preference for environmentally friendly companies and CO2-reducing projects.
Source: firm website, verified Aug 3, 2026.
Team · 6 people
from the firm's website
Investments · 4 tracked
founders shown can be your intro pathOther
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
FlyCap Investment Fund I AIFFlyCap Mezzanine Fund II AIF KSFlyCap Private Debt Fund III AIF KSGrantiņi Mežs
Frequently asked questions
- What stage does FlyCap invest at?
- FlyCap invests at the Growth stage.
- What sectors does FlyCap focus on?
- FlyCap focuses on Advanced Manufacturing, AI & Machine Learning, B2B Marketplaces, Climate Tech, Enterprise Software, Healthtech.
- Where is FlyCap located?
- FlyCap is headquartered in Riga, LV.
- Does FlyCap lead rounds?
- FlyCap typically participates in rounds rather than leading them.
Media · Podcasts & interviews
featuring the teamĢirts Milgrāvis, FlyCap AIFP | Vebinārs "Atbalsts biznesa transformācijai"
Dienas Bizness · Ģirts Milgrāvis
Images
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