BalticVC

  Lithuanian RegTech startup Copla has raised €6M in Series A. The round was led by Iron Wolf Capital, with participation from Operator Stack Fund and existing investors Specialist VC, Superhero Capital, NGL Ventures, Loggerhead Partners, and FIRSTPICK.

In 2025, startups in Estonia, Latvia, and Lithuania raised €607M in venture capital — an all-time record for the region and a 20% increase compared to 2024 (€505M). This is a turning point after two years of decline: the ecosystem has matured, rounds are less frequent but significantly larger, and foreign investors are actively returning.

  The European Investment Fund (EIF), together with the national development institutions of Estonia, Latvia, and Lithuania, is launching the Baltic Innovation Fund 3 (BIF 3) with a total value of €225M. The EIF will contribute €75M, and each of the Baltic countries will contribute €50M. 

Lithuanian startup Tingit , which develops a platform for repairing fashion items and everyday electronics, has raised €1.5M. The startup's investors include Coinvest Capital , FIRSTPICK , NGL Ventures , and existing investors.

Lithuanian capital markets infrastructure company Axiology has raised €5M in funding to modernize securities issuance and trading in Europe. The round was led by Exponential Science , e2vc , and Coinvest Capital , with participation from TIBAS Ventures , Plug and Play Tech Center , BSV Ventures , and NGL Ventures.

Latvian FinTech company Eleving Group has begun collaborating with Lithuanian startup Chaseit with the aim of introducing artificial intelligence (AI) voice agents in call centers.

  Inbalance grid , a Lithuanian developer of electric vehicle charging solutions, has closed an investment round worth €1.8M with the participation of Coinvest Capital , EIT Urban Mobility and business angels. The company will use the raised capital to develop technologies, improve products, accelerate sales and strengthen internal processes, as well as further increase market share.

The Lithuanian company Cast AI , which develops a product to optimize cloud costs for businesses, has announced the attraction of strategic investments from Pacific Alliance Ventures . Although the exact amount was not disclosed, after this round of financing, the cost of Cast AI exceeded $1B, thanks to which the company was able to obtain the status of a unicorn. 

London-based consumer payment platform Zilch acquires a 100% stake in Lithuanian Fjord Bank and makes Vilnius its European headquarters. The deal is expected to close in the second half of 2026.

Lithuanian BSV Ventures has led a seed round for Finnish energy startup Halide Energy . Another investor is LAB7 , the venture capital arm of Aramco.

Lithuanian AI-startup Repsense has closed a €2M seed round. The round was led by Tensor Ventures, joined by Seed Starter, CVC Česká spořitelna, and existing investors BSV Ventures and Coinvest Capital .

Lithuanian Firstpick and CoInvest have invested in Spanish company Algori . Red Bull Ventures, Tech Transfer Agrifood (Clave Capital), and AttaPoll, as well as existing investors, also participated in the €3.6M funding round. Algori's investors also include industry veteran Jared Schreiber (InfoScout).

Aneli Venture Capital Fund has launched in Lithuania. The €35M fund will primarily focus on startups in the fields of information and communication technologies (ICT), as well as robotics, space, photonics, and energy, to help them grow and prepare to attract follow-on investors. 

Jeff Bezos' AI startup Project Prometheus has acquired General Agents , a startup founded by Lithuanian Jurgis Pašukonis.

Objective and methodology of the survey The BalticVC media team conducted its second study of the Baltic startup ecosystem, the Baltic Startup Survey. The partner of the survey became Yellow Rocks! The study was conducted in the form of a survey of startup founders from Lithuania, Latvia, and Estonia.

The Lithuanian company Vinted is considering the possibility of a secondary sale of shares. The deal is currently at an early stage and could be completed in early 2026.  Although the final estimate has not been confirmed, there is information that Vinted plans to raise about €8B to provide liquidity for early investors and long-time employees.

Lithuanian digital healthcare startup Self.co has raised €2.56M: €1.2M – from Iron Wolf Capital with the participation of Coinvest , NGL Ventures , and several business angels, and €1.36M – a state grant from the Lithuanian Innovation Agency to enter new European markets and improve testing technology.

Yellow Rocks! , a venture fund based in San Francisco and Lisbon, is exploring the Baltic market and looking to invest in promising early-stage startups. The fund is ready to invest in Baltic companies at early stages (pre-seed, seed, as well as follow-on investments at the Series A stage) with a transparent global scaling strategy. 

Lithuanian company Eneba (also known as Helis Play) has received a €10M loan from ILTE Lietuva . 

Vilnius-based Nexos.ai , which develops a multifunctional artificial intelligence platform, has raised €30M in a Series A. The startup received investment from the British fund Evantic Capital, the Swiss Index Ventures, the Swedish Creandum, the American Dig Ventures and business angels.