Lithuanian venture fund Iron Wolf Capital launches €100M fund

Lithuanian Iron Wolf Capital has announced the launch of its second €100M seed stage investment fund. The fund will support high-tech startups in industries such as artificial intelligence, robotics, photonics and space innovation in 25 early-stage companies in Estonia, Latvia, Lithuania and the Baltic States.

Participants in the new fund include Lithuanian state-owned bank ILTE, as well as more than 40 family offices and high net worth individuals in Europe. 90% of participants in the first €21 million fund have rejoined the company.

Founded in 2018, Iron Wolf Capital is a Vilnius-based early-stage VC, that focuses on investment in AI, IoT, SaaS, Deeptech, Fintech startups, and marketplaces. The initial ticket ranges from €250K to €2M. The founding partners are Kasparas Jurgelionis, Viktoras Jucikas and Zygimantas Susnys.

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