Practica Capital
Venture capitalVilnius · Pre-Seed–Series A · 9 people tracked
Investment thesis
Practica Capital is an early-stage VC dedicated to backing founders in the Baltic States, having invested exclusively in Baltic tech for over 12 years. It focuses on seed and selected pre-seed and Series A stages, partnering closely with founders as a company builder. The firm manages four funds totaling over €130M in AUM and has made more than 70 investments. It positions itself as the most active Baltic syndicate partner, co-investing alongside local, regional, and international VCs, accelerators, incubators, angels, corporates, and public agencies, and emphasizes accumulated local and international know-how derived from practical experience.
Source: firm website, verified Aug 3, 2026.
Team · 9 people
from curated & public directoriesWhat they invest in
from 40 of 58 portfolio companiesSaaS ×19AI & Machine Learning ×14Deep Tech ×8Fintech ×6Hardware ×6Enterprise Software ×5Climate Tech ×3Creator Economy ×3
HQs:Lithuania×9Estonia×2United Kingdom×2United States×2Brazil×1Canada×1
Investments · 58 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 32024 · 26 dated
Atrandi makes Flux, a device that isolates thousands to hundreds of thousands of individual cells simultaneously into semi-permeable capsules for downstream genomic and microbial analysis.
AI & Machine LearningBiotechDeep TechHardwareVilnius, LT
Co-investorsGRIDS CapitalMetaplanetLux CapitalVsquared Ventures
Handwave develops hand palm biometric identification technology for secure personal identification.
AI & Machine LearningCybersecurityDeep TechFintechHardwareRetail TechRiga, LT
Co-investorsInovo VCFirstpickOutlast Fund
Co-investorsAccess Venture PartnersAdit Ventures Management, LlcAgilitas Private EquityAlba Infra PartnersALIVE Israel HealthTech FundAlkemi Growth Capital+73 more
Adtarget provides a suite of marketing and advertising technology tools, including a marketing management platform, affiliate marketing software, ad server, self-service ad platform, SSP, DSP, and ad tracker.
AdTechMarketing TechSaaS
AMLYZE provides automated transaction monitoring software that detects suspicious activity and financial crimes in real-time for banks, fintechs, and payment providers.
AI & Machine LearningCybersecurityEnterprise SoftwareFintechSaaSVilnius, LT
Gabrielius Erikas BilkštysAlexandre PinotJekaterina GovinaMindaugas Petrauskas
Co-investorsFirstpick
Co-investorsBeast VenturesLux CapitalMithril Capital ManagementSonder Capital
Aurora develops plug-and-play propulsion and end-of-life deorbiting systems, including ARM thrusters and Plasma Brake tethers, for CubeSats and SmallSats up to 300kg.
Deep TechHardwareSpace Tech
Co-investorsKluz Ventures
Creating proteins for health and manufacturing
Vilnius, LT
Donatas Repečka(Founder)
Co-investorsInventureMetaplanet
Co-investorsBADideas.fund
CGTrader is a global marketplace where 3D designers sell digital models to creators and enterprises in film, gaming, architecture, and 3D printing industries.
Creator EconomyGamingMarketplacesVilnius, LT
Marius Kalytis(Founder)in
Co-investorsEvli Growth PartnersKarma VenturesIntel Capital
Eany is a B2B wholesale sourcing platform that connects retailers and e-commerce sellers with verified EU suppliers, offering product discovery, direct purchasing at wholesale prices, and logistics coordination.
B2B MarketplacesE-commerceLogistics & Supply ChainSaaSVilnius, LT
Co-investorsMarket One Capital
Eddy Travels is an AI-powered chatbot that helps users find flight and accommodation offers across multiple travel platforms using natural language processing.
AI & Machine LearningTravel & HospitalityToronto, CA
Edmundas Balcikonis(Co-Founder & CEO)Pranas Kiziela(Co-Founder & CTO)Adomas Baltagalvis(Co-Founder & CMO)
Co-investorsTechstars
Eneba is a digital entertainment marketplace offering games, DLCs, in-game currencies, gift cards, and top-ups at discounted prices from verified sellers.
E-commerceGamingMarketplacesNot specified
VytisZygisVytis Uogintas(Founder)inŽygimantas Mikšta(Founder)in
Co-investorsInreach VenturesFJ Labs
Evergrowth provides AI agents for B2B research, lead qualification, and copy generation, built with enterprise-grade security and compliance controls for sales and marketing teams.
AI & Machine LearningSaaSSales Tech
Co-investorsChange VenturesFirstpickImpellent Ventures
Favro is a collaborative planning and project management tool where teams organize work across multiple boards, sheets, roadmaps, and dashboards in one place, with real-time document editing and workflow automation.
Developer ToolsFuture of WorkSaaS
Grids Capital is a venture capital firm that invests in deep tech companies across sectors such as artificial intelligence, robotics, aerospace, energy, life sciences, and advanced materials.
Deep TechSão Paulo, BR
InSoil provides mid-term debt capital and lending to agricultural SMEs across Europe, with a focus on sustainable agriculture financing.
AgTechClimate TechFintechVilnius, LT
Co-investorsPollen Street CapitalFirstpick
Interactio provides remote simultaneous interpretation software for meetings and conferences, enabling real-time multilingual communication across on-site, hybrid, and remote setups.
AI & Machine LearningEnterprise SoftwareSaaS
Henrikas Urbonas(Co-founder)Simona Andrijauskaite(Co-founder)Domas Labokas(Co-founder)
Co-investorsChange VenturesCoinvest CapitalKima VenturesLitBANMetaplanetNotion Capital+1 more
A platform where users can search for furnished short-term rentals, match with compatible roommates, and complete bookings and payments online for stays of 1 to 12 months.
MarketplacesPropTechSan Francisco, US
Zach Waterfield(Founder)in
Co-investorsY CombinatorInovia Capital
Metaplanet is a venture capital and grant-making firm that invests in and funds deep technology projects expected to deliver long-term positive impact on humanity, including work addressing existential risks from advanced technologies and AI.
AI & Machine LearningClimate TechDeep TechImpact & Social Good
Jaan Tallinn(Founder)
Montonio provides a unified platform for online merchants to manage checkout, payments, shipping, refunds, and post-purchase operations in one system.
E-commerceFintechSaaSTallinn, EE
Kristofer Turmen(Founder)inRasmus Õisma(Founder)inKarel Nappus(Founder)inMarkus Lember(Founder)in
Co-investorsIndex VenturesSuperAngelFf Venture CapitalGorilla CapitalSpecialist VCTera Ventures
Co-investorsMarket One Capital
Co-investorsCoinvest Capital
Pipeline Pharma provides a database and intelligence platform for pharmaceutical companies to analyze competitive landscapes, regulatory pipelines, and sourcing opportunities across drug molecules and therapeutic areas.
B2B MarketplacesBiotechData & InfrastructureEnterprise SoftwareFintechHealthtech
Co-investorsRockstartIron Wolf Capital
PVcase provides cloud-based and AutoCAD-based software for solar energy project development, including tools for site selection, utility-scale ground-mount and rooftop solar design, and energy yield modeling.
CleantechEnergySaaSSector Agnostic
David Trainavicius(Co-founder & CEO)inDoug Geist(Co-founder & Chief Commercial Officer)inMelissa Nussbaum(CFO & COO)in
Co-investorsContrarian VenturesEnergize CapitalHighland Europe
Qminder is a B2B SaaS company that provides queue management software, letting customers sign into queues via on-site tablets or remotely and enabling staff to call visitors by name while tracking customer service metrics.
AI & Machine LearningEnterprise SoftwareRetail TechSaaS
Co-investorsBADideas.fundMetaplanet
RoyaltyRange provides curated comparables databases and benchmarking tools for transfer pricing, IP valuation and related tax analyses.
Co-investorsPresto VenturesZGI-4Trind Ventures
Sintra is a platform offering role-based AI "employees" — chatbot-style digital workers that handle tasks like social media, customer support, email, content creation, and business operations.
AI & Machine LearningFuture of WorkSaaS
Chris Sidlauskas(Founder)in
Co-investorsEarlybird Venture CapitalInovo VCInsiders Ventures
Sonarworks develops audio personalization technology and sound correction software for music creators, recording studios, and consumer listeners.
AI & Machine LearningConsumerCreator EconomyHardwareSaaSRiga, LV
Martins PopelisHelmuts BemsInguna Kronberga(Executive Officer)
BoardGeoffrey Baehr(Director)Kristjan Laanemaa(Director)in
Co-investorsKarma VenturesPerot JainSpecialist VCAlmaz CapitalSuperAngelTrind Ventures
Spike offers a single API that connects to 500+ wearables, IoT medical devices, EMR/EHR systems, and lab reports, delivering normalized health data for developers building AI-powered health applications.
AI & Machine LearningData & InfrastructureDigital HealthSan Francisco, US
Stepan K(Founder)
Co-investorsGeek VenturesHeartfelt CapitalTheVentureCity
Trafi develops a Mobility-as-a-Service (MaaS) platform that provides multi-modal journey planning and ticketing for cities across Europe.
Climate TechGovTechMobility & TransportationSaaS
AlgimantasJurgisMantasMartynas
Co-investorsBaltCapEBRD Venture Capital Investment ProgrammePresidio Venturesoctopus investments
TransferGo is a financial platform that enables money transfers and financial services for people and businesses across borders, serving expatriates, freelancers, and international users in over 160 countries.
ConsumerEnterprise SoftwareFintechSaaSLondon, GB
Co-investorsBootstrap EuropeSmart Partnership CapitalTaiwania CapitalRevo Capital
Vsquared Ventures is a venture capital firm that invests in deeptech startups, backing companies tackling significant technological risks.
Deep TechMunich, DE
Co-investorsBLN CapitalKfW CapitalPRIMEPULSE SE
Watalook provides a virtual client card system that stores customer information such as visit history, frequency, turnover, cancellations, favorite products, photos, and birthdays.
Marketing TechSaaSSales Tech
Web Robots offers B2B web crawling and scraping services, including a fully managed service that builds and maintains scrapers to deliver data to a customer's database or API, and a JavaScript-based SaaS scraping IDE for writing custom robots.
Data & InfrastructureDeveloper ToolsSaaS
Exits · 1
IPOs and acquisitions across the tracked portfolioTrafiacq. by Enghouse Systems
Portfolio news
latest coverage across their companiesHandwave · dakota.com · Aug 3, 2026
Kopa · pulse2.com · Jun 1, 2026
Sintra · piraiee.com · Jun 10, 2025
Frequently asked questions
- How many investments has Practica Capital made?
- Practica Capital has 8 tracked investments, including 1 dated in the last 24 months.
- What stage does Practica Capital invest at?
- Practica Capital invests at the Pre-Seed, Seed, Series A stages.
- What is Practica Capital's typical check size?
- Practica Capital typically writes checks of $324K – $3.2M.
- What sectors does Practica Capital focus on?
- Practica Capital focuses on Advanced Manufacturing, AI & Machine Learning, Biotech, Cleantech, Climate Tech, Consumer, Crypto & Web3, Cybersecurity, Data & Infrastructure, Defense Tech, E-commerce, EdTech, Enterprise Software, Fintech, Gaming, Healthtech, Marketplaces, Media & Entertainment, Retail Tech, SaaS, Sector Agnostic, Space Tech.
- Where is Practica Capital located?
- Practica Capital is headquartered in Vilnius, LT.
- Does Practica Capital lead rounds?
- Practica Capital typically participates in rounds rather than leading them.
- Who does Practica Capital co-invest with?
- Practica Capital most often shares deals with Contrarian Ventures, Energize Capital, Highland Europe, among 12 tracked co-investors.
Media · Podcasts & interviews
featuring the teamInvestor Connect - 521 - Donatas Keras of Practica Capital
Hall Martin · Donatas Keras
Images
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