Fundraising Fox
FlyCap
Venture debtRiga · Seed–Late Stage · 6 people tracked
Find your way into FlyCap
Each arrow is one introduction. Sign up to fill in the first one.
Ask Davis Smith to introduce you to Arta Sprice
You →Davis · together at The Church of Jesus Christ of Latter-day Saints →Arta
Ask Jamie Chen to introduce you to Jānis Liepiņš
You →Jamie · together at SEB →Jānis
Ask Sam Okafor to introduce you to Jānis Skutelis
You →Sam · together at BaltCap →Jānis
- Mārtiņš Pumpurs36 people can intro you
- Kārlis Ziemelis22 people can intro you
- Ģirts Milgrāvis3 people can intro you
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We rank every route by how warm it is, so you raise on warm intros instead of cold emails.
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 websiteInvestments · 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 Seed, Growth, Late Stage stages.
- What is FlyCap's typical check size?
- FlyCap typically writes checks of $1.1M – $4.3M.
- 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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