Lithuania's seed scene hit a record in 2025. Local funds lead many rounds. Baltic and EU funds join in. Here are 13 seed investors backing Vilnius startups in 2026.
Lithuania raised record venture capital in 2025, and seed funding climbed to new highs alongside it. Local funds now lead most of the first rounds, while Baltic and EU investors follow close behind.
Deeptech and climate companies are running strong through the pipeline, and AI and fintech keep drawing fresh cash. As a founder here, you will pitch both local and EU money, and Ellty puts your data behind a single link so every fund sees the same story.
| Type | Check size | Sector focus | Website | |
|---|---|---|---|---|
| Practica Capital | Lithuanian seed VC (flagship) | Up to ~EUR3M | AI, SaaS, fintech, deeptech | practica.vc |
| FIRSTPICK | Lithuanian pre-seed VC | ~EUR100K-EUR500K | AI-enabled software, B2B | firstpick.vc |
| Coinvest Capital | State co-investment fund | ~EUR100K-EUR1M | Deeptech, fintech, space | coinvest.lt |
| BSV Ventures | Lithuanian deeptech VC | ~EUR125K-EUR400K | Deeptech, life science, dual-use | bsv.ventures |
| ScaleWolf | Dual-use accelerator-VC | ~EUR500K-EUR2M | Dual-use, defence, deeptech | scalewolf.vc |
| Iron Wolf Capital | Deeptech / defence VC | ~EUR500K-EUR2M | Deeptech, photonics, space, AI | ironwolfcapital.com |
| Contrarian Ventures | Climate-tech VC | ~EUR1M-EUR4M | Climate, energy, decarbonization | contrarian.vc |
| Simpact Ventures | Polish impact VC | ~EUR1M-EUR3M | Impact, medtech, social tech | simpact.vc |
| Lemonade Stand | Estonian micro-VC | ~EUR25K-EUR300K | B2B SaaS, fintech, sustainability | lemonadestand.ee |
| Earlybird | German venture fund | Seed to Series A | AI, software, deeptech | earlybird.com |
| Specialist VC | Pan-Baltic seed VC | Pre-seed, seed | B2B, SaaS, fintech, deeptech | specialist.vc |
| ILTE | State development bank | LP and venture debt | Agnostic, deeptech, defence | ilte.lt |
| Plug and Play | Global accelerator-VC | Accelerator tickets | Fintech, broad tech | plugandplaytechcenter.com |
Run your seed raise from one data room
Seed funds read fast and pass faster. Ellty shows who opened your deck so you chase the keen ones first.
Start free 14-day trialWhat a seed investor backs
Seed investors back a strong team and early signs of pull, and revenue counts as a bonus rather than a hard requirement. They either lead or join small rounds, and they always want a real stake for the risk they take.
A clear plan speeds up the yes, and a sharp pitch deck makes that plan easy to follow. Ellty gives each fund one link to your materials, so you can see exactly who reads your deck and how far they get.
We're here to solve the capital gap that has held back world-class deep-tech founders in the Baltics.
13 Vilnius seed investors
1. Practica Capital
Practica is Lithuania's flagship seed VC.
Recent Activity: Backed Sintra's US$17M 2025 seed
LinkedIn: Practica Capital LinkedIn
Sector Focus: AI, SaaS, fintech, deeptech
Stage Focus: Seed to Series A
Check Size: Up to ~EUR3M
Location: Vilnius, Lithuania
Website: practica.vc
2. FIRSTPICK
FIRSTPICK writes the first Baltic cheques.
Recent Activity: Led WhiteBridge AI's 2024 pre-seed
LinkedIn: FIRSTPICK LinkedIn
Sector Focus: AI-enabled software, B2B
Stage Focus: Inception, pre-seed
Check Size: ~EUR100K-EUR500K
Location: Vilnius, Lithuania
Website: firstpick.vc
3. Coinvest Capital
Coinvest co-invests alongside lead funds.
Recent Activity: Co-led Axiology's EUR5M 2026 seed
LinkedIn: Coinvest Capital LinkedIn
Sector Focus: Deeptech, fintech, space
Stage Focus: Pre-seed, seed
Check Size: ~EUR100K-EUR1M
Location: Vilnius, Lithuania
Website: coinvest.lt
4. BSV Ventures
BSV backs Baltic deep tech and dual-use.
Recent Activity: Co-led Axiology's 2024 pre-seed
Sector Focus: Deeptech, life science, dual-use
Stage Focus: Pre-seed, seed
Check Size: ~EUR125K-EUR400K
Location: Vilnius, Lithuania
Website: bsv.ventures
5. ScaleWolf
ScaleWolf backs dual-use and defence tech.
Recent Activity: Invested EUR2M in Pulsetto in 2025
Sector Focus: Dual-use, defence, deeptech
Stage Focus: Seed
Check Size: ~EUR500K-EUR2M
Location: Vilnius, Lithuania
Website: scalewolf.vc
6. Iron Wolf Capital
Iron Wolf backs Baltic deep tech and defence.
Recent Activity: Raised a EUR100M deeptech fund in 2025
Sector Focus: Deeptech, photonics, space, AI
Stage Focus: Seed to Series A
Check Size: ~EUR500K-EUR2M
Location: Vilnius and London
Website: ironwolfcapital.com
Send each seed fund one trackable link
Ellty logs when a fund opens your numbers. Follow up at the right moment, not a week too late.
Start free 14-day trial7. Contrarian Ventures
Contrarian backs European climate startups.
Recent Activity: Runs a EUR100M climate fund
Sector Focus: Climate, energy, decarbonization
Stage Focus: Seed
Check Size: ~EUR1M-EUR4M
Location: Vilnius, with EU offices
Website: contrarian.vc
8. Simpact Ventures
Simpact backs impact and medtech startups.
Recent Activity: Led medtech Ligence's 2024 seed
Sector Focus: Impact, medtech, social tech
Stage Focus: Seed
Check Size: ~EUR1M-EUR3M
Location: Poland
Website: simpact.vc
9. Lemonade Stand
Lemonade Stand backs early Baltic B2B.
Recent Activity: Backed medtech Ligence in 2024
Sector Focus: B2B SaaS, fintech, sustainability
Stage Focus: Pre-seed, seed
Check Size: ~EUR25K-EUR300K
Location: Tallinn, Estonia
Website: lemonadestand.ee
10. Earlybird
Earlybird is a major European venture fund.
Recent Activity: Led Sintra's US$17M 2025 seed
Sector Focus: AI, software, deeptech
Stage Focus: Seed to Series A
Check Size: Seed to Series A
Location: Berlin and Munich, Germany
Website: earlybird.com
11. Specialist VC
Specialist VC backs pre-seed across the Baltics.
Recent Activity: A pan-Baltic pre-seed backer
Sector Focus: B2B, SaaS, fintech, deeptech
Stage Focus: Pre-seed, seed
Check Size: Pre-seed, seed
Location: Tallinn, Estonia
Website: specialist.vc
12. ILTE
ILTE is Lithuania's development bank.
Recent Activity: Lent EUR4.2M to Aktyvus Photonics
Sector Focus: Agnostic, deeptech, defence
Stage Focus: LP and venture debt
Check Size: LP and venture debt
Location: Vilnius, Lithuania
Website: ilte.lt
13. Plug and Play
Plug and Play runs global startup programs.
Recent Activity: Joined Axiology's 2026 round
Sector Focus: Fintech, broad tech
Stage Focus: Pre-seed, seed
Check Size: Accelerator tickets
Location: Sunnyvale, USA
Website: plugandplaytechcenter.com
Why local funds lead here
Lithuania has built a real venture base, and local funds now lead most seed rounds in Vilnius. Baltic and EU investors co-invest beside them, and state money often matches the private cheque.
Court both kinds of capital early, since each opens different doors as you grow. Our angel investors guide covers the earliest backers, while Ellty shares your data across every fund and tracks who opens it first.
What sectors win seed cash
Deeptech and defence are running hot right now, with photonics and space leading the local pack. Climate and AI keep drawing real money, and fintech stays a steady favourite among seed funds.
Match your pitch to each fund's thesis so the fit is obvious from the first slide. Keep your investor relations warm between calls, and let Ellty show who digs in deep by logging every read live.
Raising seed money in Vilnius
Run a tight process with a real deadline, and do clean due diligence prep before the calls begin. Keep every document in one virtual data room so you can share the full set in a single click.
Track reads with document analytics to see which funds are genuinely keen. Ellty locks your files with granular permissions and shows you every read as it happens.
How to pitch a seed investor
Show a sharp team and early pull.
- 1.Show a sharp team and early pull.Lead with the people and why they can win this market. Make the vision land in the first two minutes.
- 2.Prove a little real traction.Bring early numbers that show users or revenue moving. Concrete proof beats promises every time.
- 3.Name your round size and plan.State exactly how much you are raising and what it buys. Keep the ask tight and tied to clear milestones.
- 4.Send one Ellty link to your data.Share a single trackable link to your full data room. Then watch who digs in and follow up at the right moment.
How Ellty helps you land a seed investor in Vilnius
You have your Vilnius seed list ready. Set up a data room before the first call.
- 1.Upload your deck, metrics, and model.Set access per fund.
- 2.Share one trackable link per fund.Each fund gets a unique link.
- 3.Watch opens and reply on time.Use analytics to time each nudge.
Vilnius seed investor questions
- Local Lithuanian funds. Baltic and EU funds too.
- Yes, 2025 set records. Local VC runs deep.
- Often EUR1M to EUR3M. Some go higher.
- Deeptech, defence, climate. AI and fintech too.
- Yes, plus state co-investors. They match local funds.
- Before your first seed call. Track who opens your numbers.
