Practica Capital
Venture capitalVilnius · Pre-Seed–Series A · 9 people tracked
Find your way into Practica Capital
1,240 people in our graph share verified history with the Practica Capital team — schools, employers, funds. One of them is your warm intro.
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 directoriesFounder mafia
2 people who came through Practica Capital went on to found or lead other companies.
What they invest in
from 44 of 61 portfolio companiesSaaS ×20AI & Machine Learning ×16Enterprise Software ×11Deep Tech ×8Fintech ×8Hardware ×7Climate Tech ×4Data & Infrastructure ×4
HQs:Lithuania×14Denmark×2Estonia×2Finland×2United Kingdom×2Sweden×2
Investments · 61 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 42024 · 22023 · 22022 · 12021 · 12020 · 112 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 CapitalLux CapitalMetaplanetVsquared Ventures
Billo is a platform that enables brands to create high-performing video ads by pairing creator content with performance data insights.
AdTechCreator EconomyDirect to ConsumerMarketing Tech
Donatas Smailys(CEO)
Co-investorsOpen Circle Capital
Debt collection solution optimizing recovery rates and legal compliance.
AI & Machine Learning
Lukas Kairevicius(Founder)in
Co-investorsFirstpick
Handwave develops hand palm biometric identification technology for secure personal identification.
AI & Machine LearningCybersecurityDeep TechFintechHardwareRetail TechRiga, LT
Co-investorsInovo VCFirstpickOutlast Fund
TableAir develops integrated smart workplace solutions including desk, meeting room, and parking booking applications, along with workspace sensors and displays designed for companies managing hybrid offices.
Enterprise SoftwareFuture of WorkPropTechSaaS
Lukas(Co-founder)Justinas(Co-founder)Giedrius Gervickas(CEO)
AdTarget offers a retention platform designed to help businesses improve customer retention and engagement through targeted advertising and retention strategies.
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 BilkštysinAlexandre PinotinJekaterina GovinainMindaugas Petrauskasin
Co-investorsFirstpickCoinvest 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)in
Co-investorsInventureMetaplanetUVC Partners
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
Droplet is a software platform that enables organizations to digitize and automate manual processes through online forms, workflow automation, electronic signatures, and document storage capabilities.
EdTechEnterprise SoftwareGovTechSaaS
Mike Rowland(Founder)in
Co-investorsFairhaven Capital PartnersBigfoot CapitalPelion Venture Partners
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
Mindaugas Apanavičius(Founder)in
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)inPranas Kiziela(Co-Founder & CTO)inAdomas Baltagalvis(Co-Founder & CMO)in
Co-investorsTechstars
Edurio provides survey platforms that collect stakeholder feedback from pupils, parents, and school staff to help education leaders assess school climate, culture, engagement, and learning outcomes.
Data & InfrastructureEdTechEnterprise SoftwareSaaSUK, GB
Iona Kelliher(Managing Director)
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
ZygisVytis 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 collaboration and work management platform designed for teams to coordinate work across planning, communication, and task management.
Developer ToolsEnterprise SoftwareFuture of WorkSaaSSweden, SE
Hans DahlströmErik OlofssonPatric Palm
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
Handwave builds palm-based biometric payment technology for retailers, enabling identity verification, age checks, loyalty program enrollment, and payment through a single hand scan.
FintechHardwareRetail Tech
Co-investorsFirstpickInovo VCOutlast Fund
HeavyFinance operates a crowdfunding platform where investors fund agricultural loans to farmers, starting from €100 per loan, and earn returns as farmers repay.
AgTechClimate TechFintech
Co-investorsBalnord Sp. z o.o.bValue Venture CapitalEuropean Investment Fund
HEI Schools develops and licenses a play-based, research-backed early childhood education model rooted in Finnish pedagogical principles to kindergartens and preschools globally.
EdTechHelsinki, FI
Lasse Lipponen(Co-Founder)Pilvi Torsti(Founder)Milla Kokko(Co-Founder)Anne Rusanen(Co-Founder)Inkeri Aimonen(CEO)in
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 CapitalFirstpickEuropean Investment Fund
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 SoftwareFuture of WorkSaaS
Henrikas Urbonas(Co-founder)inSimona Andrijauskaite(Co-founder)inDomas Labokas(Co-founder)in
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+1 more
Oxipit develops AI software for medical imaging that helps radiologists analyze chest X-rays, CT scans, and musculoskeletal exams.
AI & Machine LearningDigital HealthMedical Devices
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 AgnosticVilnius, LT
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
Rubedo Sistemos develops AI-powered robotic solutions for logistics and material handling, including intelligent traffic management, autonomous guided vehicles, and disinfection systems.
AI & Machine LearningDeep TechDeveloper ToolsEnterprise SoftwareLogistics & Supply ChainMedical DevicesRoboticsKaunas, LT
Henrikas Simonavičius(Co-Founder and CEO)Dainius Karkauskas(Co-Founder and CFO)
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 Popelis(Founder)inHelmuts Bems(Founder)inInguna 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 EuropeRevo CapitalSmart Partnership CapitalTaiwania 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 SEOVNI CapitalRobin CapitalVsquared Ventures
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
Justas Vitenas(Founder)in
Co-investorsbyFoundersCrosspringLaunchpad CapitalStartup Wise Guys
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
555 Bryant StreetAdduplexAuris HealthBreezitManodaktarasMobassuranceNeematicOvokoPlaceilivePlatecultureTvcWiderfiXyloZiticity
Exits · 2
2 acquisitions · showing 1Trafiacq. by Enghouse Systems
Portfolio news
latest coverage across their companies
Vsquared Ventures · lapaasvoice.com · Sep 9, 2026
Metaplanet · theblock.co · Sep 8, 2026
Handwave · arcticstartup.com · Sep 3, 2026
InSoil · arcticstartup.com · Aug 25, 2026
Handwave · dakota.com · Aug 3, 2026
Kopa · pulse2.com · Jun 1, 2026
Chaseit · ffnews.com · Mar 13, 2026
PVcase · en.ain.ua · Sep 15, 2025
Frequently asked questions
- How many investments has Practica Capital made?
- Practica Capital has 61 tracked investments, 2 of which have exited, including 5 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 Lux Capital, Contrarian Ventures, Highland Europe, among 14 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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