BalticVC

Lithuanian high-tech startup GREÏ has raised €650K in pre-seed round from investment company FIRSTPICK .

Salaries in Lithuanian startups increased significantly in the second quarter of 2025, exceeding €4.6К per month, according to data from the association Unicorns Lithuania . 

Lithuanian biotech startup Psylink has raised €501,521 in pre-seed round from Coinvest Capital with participation from Firstpick , BSV Ventures and a group of business angels.

The Ministry of Economy and Innovation together with the Ministry of National Defense of the Republic of Lithuania is allocating €40M to the defense investment fund MILInvest .

The Lithuanian venture capital fund Coinvest Capital participated in the preliminary round of financing of the startup Starflight Dynamics . In total, the Munich-based company raised almost €2M: €750K from Coinvest Capital, the rest of the funds came from business angels, including founding members of the newly created Committee on Space and Defense within the European Business Angel Network (EBAN).

Igor Matsanyuk, founder of Lithuanian Game Insight, accuses bankruptcy trustee Denis Kachura and the Russian judge handling the company's bankruptcy proceedings of being part of a group that engaged in illegal activities. This he claims in a letter to the Federal Tax Service of the Russian Federation.

BrachyDOSE , a Lithuanian medical technology startup, has raised €554K. The funding round was led by Coinvest Capital with participation from BSV Ventures and business angels from the LitBAN and EstBAN networks. BrachyDOSE will use the raised funds to test its radiation measurement technology in clinical settings.

In the first half of this year, Lithuanian startups attracted €167.7M in investments - 5 times more than in the same period last year. While the amount of investment has increased significantly compared to the first half of last year, when a total of €32M was raised, the number of startups that received it has dropped by 12% to 15 companies, according to data tracked by Unicorns Lithuania , a Lithuanian startup association.

Lithuania's Firstpick has led a $600K Pre-Seed round for US AI startup Skarbe . Other investors in the company were Somersault Ventures and business angels Andreas Michalowitz and Jeroen Van Ermena.

Lithuanian  Oxylab has bought French company ScrapingBee . The acquisition involved an undisclosed eight-figure sum.

Lithuanian technology startup Traxlo has raised €1.6M from Coinvest Capital , Bad Ideas Fund, Plug and Play , NGL , DEPO Ventures , and existing investors. The funds will be used to expand the startup's infrastructure in Central and Eastern Europe.

Paynt , a payment technology company, has bought Canadian company E-xact Transactions . The acquisition of E-xact, which processes more than CAD 3.5B in more than 50M transactions annually, will create a new operations center in Vancouver, Canada.

Climate finance company InSoil has signed a €100M partnership agreement with Canadian investment firm Key Carbon . With the new investment, InSoil plans to expand its international carbon farming program to 1M hectares by the end of 2026.

Lithuanian artificial intelligence startup Sintra has raised €14.9M in a Seed round. The round was organized by Earlybird VC with participation of Inovo , Practica Capital and renowned business angels Mantas Mikuckas from Vinted and Einaras von Gravrock from Cast AI. Sintra will use the raised funds to further develop its products and expand its development and engineering team.

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.

FPRO , a startup specializing in sports technology, has raised €2M from Lithuanian venture fund Tesonet . The raised funds will help the startup to expand the use of its smart technology solutions in youth soccer around the world.

Lithuanian company Genomika has joined the DiDAX project, an international research consortium developing practical DNA-based data storage systems, with €600K for a total project budget of €5.2M.

Latvian construction technology startup Adventum Tech , will receive an investment of €250K from the Latvian Business Angels Network ( LatBAN ) and angel investors. Lithuanian defense technology company Luna Robotics will receive up to €250K from the Lithuanian Business Angel Network ( LitBAN ), Estonian developer of green energy solutions MarkeDroid will receive €175K from the Estonian Business Angel Network ( EstBAN ).

Lithuanian startup Astrolight has closed a seed round at €2.8M led by tech investor Balnord . Other key investors were EIFO , Coinvest Capital , NGL Ventures and a member of Lithuanian Business Angel Network LitBAN Rita Sakus.

According the annual survey of Baltic Private Equity and Venture Capital Market Overview 2024 from KPMG , fundraising activity decreased to €265M (down 67% year-on-year). This is after two outstanding fundraising years in 2022 and 2023, when Baltic fund managers raised more than €1.5B.