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BaltCap

Europe, Harjumaa, Estonia, Tallinn

Description

BaltCap stands as the largest and most experienced private equity investor operating across the Baltic States, including Estonia, Latvia, and Lithuania. With a history spanning over 30 years, the firm has established itself as a cornerstone of regional financial development, focusing on small and mid-market companies. Their investment strategy primarily revolves around providing buyout and expansion capital, aiming to support the growth and transformation of promising enterprises within the region. This deep-rooted presence and extensive track record underscore their significant influence in the Baltic private equity landscape.

The firm's investment approach is characterized by a flexible mandate, targeting various sectors such as healthcare, IT, business services, industrials, and retail. BaltCap is particularly active in providing growth capital, where their typical first cheque ranges from €5 million to €20 million, translating to approximately $5.4 million to $21.6 million USD based on current exchange rates. This focus on expansion capital helps companies scale their operations, enter new markets, or develop new products. For larger transactions, their buyout investments can range from €10 million to €50 million, demonstrating their capacity to engage in significant control-oriented deals.

BaltCap's impressive portfolio includes over 100 investments made throughout its operational history, showcasing a consistent commitment to fostering economic growth in the Baltics. The firm manages several funds with a combined total capital exceeding €700 million, or roughly $756 million USD, solidifying its position as a major capital provider in the region. Their long-term perspective and hands-on approach aim to create sustainable value for their portfolio companies, contributing to job creation and innovation across the Baltic economies.

Investor Profile

BaltCap has backed more than 42 startups, with 0 new investments in the last 12 months alone. The firm has led 26 rounds, about 62% of its total and boasts 5 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Private Equity, Seed, Series Unknown rounds (top funding stages).
  • Majority of deals are located in Latvia, Lithuania, United Kingdom.
  • Strong thematic focus on Information Technology, Health Care, Software.
  • Typical check size: $5.4M – $21.6M.

Stage Focus

  • Private Equity (60%)
  • Seed (19%)
  • Series Unknown (12%)
  • Series A (5%)
  • Series B (2%)
  • Debt Financing (2%)

Country Focus

  • Latvia (48%)
  • Lithuania (24%)
  • United Kingdom (12%)
  • United States (10%)
  • Estonia (5%)
  • Sweden (2%)

Industry Focus

  • Information Technology
  • Health Care
  • Software
  • Mobile
  • Manufacturing
  • E-commerce
  • Industrial
  • Ticketing
  • Customer Service
  • 3d Technology
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does BaltCap frequently co-invest with?

Wellington Partners
Europe, Bayern, Germany, Munich
Co-Investments: 3
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 3
A-Grade Investments
North America, California, United States, West Hollywood
Co-Investments: 1
American Express Ventures
North America, New York, United States, New York
Co-Investments: 1
ACF Investors
Europe, Sheffield, United Kingdom, Sheffield
Co-Investments: 1
Octopus Ventures
Europe, England, United Kingdom, London
Co-Investments: 4
HansaMatrix
Europe, Rigas, Latvia, Marupe
Co-Investments: 2
Audrey Capital
North America, California, United States, San Francisco
Co-Investments: 1
Imprimatur Capital Fund Management
Europe, Riga, Latvia, Riga
Co-Investments: 4
Slow Ventures
North America, California, United States, San Francisco
Co-Investments: 1

Which angels does BaltCap often collaborate with?

MM
North America, Texas, United States, Houston
Shared Deals: 1
MB
North America, California, United States, San Francisco
Shared Deals: 1
MK
Europe, Southern Finland, Finland, Helsinki
Shared Deals: 1
IP
Europe, Southern Finland, Finland, Helsinki
Shared Deals: 1
LG
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1
AE
North America, California, United States, San Francisco
Shared Deals: 1
JY
North America, California, United States, San Francisco
Shared Deals: 1
SM
North America, California, United States, Los Angeles
Shared Deals: 1
AR
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1
EB
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1

What are some of recent deals done by BaltCap?

Nord Security

Vilnius, Vilniaus Apskritis, Lithuania

Nord Security operates as an internet privacy and security provider for individuals and businesses.

Cyber SecurityNetwork SecurityPrivacy
Private EquityApr 6, 2022
Amount Raised: $108,976,979
Verkter

Vilnius, Vilniaus Apskritis, Lithuania

Verkter is a commercial group offering DIY tools and accessories.

DIYE-CommerceMachinery Manufacturing
Private EquityNov 26, 2020
KOOL Latvija

Riga, Riga, Latvia

"KOOL Latvija" is a new concept gas station created in Latvia, which at the same time is also a convenient fast shopping place.

Food and BeverageRetail
Private EquityNov 1, 2018
Mavenoid

Stockholm, Stockholms Lan, Sweden

Mavenoid develops an AI-driven product support and troubleshooting platform for hardware companies.

Artificial Intelligence (AI)Customer ServiceHardwareIndustrial AutomationTechnical Support
SeedOct 12, 2018
Amount Raised: $1,900,000
Lightspace Labs

Marupe, Rigas, Latvia

LightSpace Labs have developed the first multi focal AR headset that meets Operating Surgeon requirements. Enables Medical AI Cloud.

3D TechnologyAugmented RealityElectronicsInformation Technology
Series UnknownApr 20, 2018
Amount Raised: $3,382,077
TrueCare24

San Francisco, California, United States

In-Home Senior Care Automation Platform

Developer APIsElder CareElderlyHealth CareHome Health CareInformation TechnologymHealth
SeedAug 31, 2017
Amount Raised: $1,000,000
UPRENT

Riga, Riga, Latvia

UPRENT is a pumping system rental provider which are accompanied with trench shoring systems and power generators.

ConstructionIndustrialMachinery ManufacturingManufacturingRental
Debt FinancingFeb 10, 2016
Amount Raised: $225,619
Lightspace Labs

Marupe, Rigas, Latvia

LightSpace Labs have developed the first multi focal AR headset that meets Operating Surgeon requirements. Enables Medical AI Cloud.

3D TechnologyAugmented RealityElectronicsInformation Technology
SeedAug 31, 2015
Amount Raised: $378,000
Pure Chocolate

Riga, Riga, Latvia

Pure Chocolate is specialists have collected knowledge with care and attention to detail for ten years.

Confectionery
Private EquityJul 14, 2015
Trafi

Vilnius, Vilniaus Apskritis, Lithuania

Trafi is a mobility-as-a-service platform for shared transportation solutions, helping cities and corporates to reach their goals.

AppsCar SharingInformation TechnologyMobilePublic TransportationRide SharingSoftwareTransportationTravel
Series AMay 19, 2015
Amount Raised: $6,500,000