BalticVC

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. 

According to the Lithuanian startup association Unicorns Lithuania, there are currently almost 1,1K startups operating in Lithuania. In the first quarter of this year, they paid €128.2M in taxes - 19% more than a year ago and 5% more than in the previous quarter, according to Unicorns Lithuania data.

Lithuanian startup Sort A Brick has raised €350k, closing a pre-seed round of €1.5M. The round was supported by NGL Ventures , FIRSTPICK and business angels. 

Lithuanian avionics startup WeSky has raised €1.36M from venture capital fund Coinvest Capital and a group of business angels. Coinvest Capital's share in this investment is €777K.

Lithuanian startup VUGENE announced the closing an investment round of €1M led by Finnish Superhero Capital backed by NGL Ventures , Coinvest Capital and a group of angel investors.

Lithuanian laser technology developer Aktyvus Photonics has received a €4.2M strategic loan from Lithuania's national agency ILTE Lietuva . The loan is part of ILTE's Billion for Business Facility, which was created to support projects in the closed-loop economy, digitalization, energy efficiency, high value-added product development and defense sectors.

Lithuanian company Vinted Group has launched a specialized investment arm Vinted Ventures . 

Lithuanian software manufacturer Amberlo has been acquired by European legaltech provider stp.one . It is an exit for Lithuanian venture capital firms Iron Wolf Capital and 70V и Polish Next Road Ventures , Corvus Ventures , which invested $1.2M in Amberlo in 2021. 

According to new data published by Invest Lithuania, the national investment attraction agency, the number of fintech companies operating in Lithuania in 2025 has reached 282. This is a 2% increase compared to the same period last year, when 276 fintech companies were operating in the country.

Lithuanian education company Bbright will participate in the Grow AI Accelerator program funded by Google.org.

Lithuanian company Dancer Group , which includes subsidiaries Vėjo projektai and Elektrinio transport sistemos, has declared bankruptcy.

Canadian software company Enghouse Systems has acquired Lithuanian mobility services platform Trafi . This is an exit for Lithuanian Practica Capital , Estonian BaltCap , British Octopus Investments and European Bank for Reconstruction and Development (EBRD).

Lithuanian technology education startup Turing College has acquired British company Boom Training , which provides training services in various fields, including data analysis, management, marketing, etc.

Baltic companies that have contributed to the development of financial technology in the region have been honored at the Baltic Fintech Awards 2025.