FIRSTPICK

FIRSTPICK is a prominent Vilnius, Lithuania-based venture capital fund and accelerator dedicated to fostering the growth of early-stage technology startups across the Baltics and Nordic regions. Established with a mission to provide high-speed capital and hands-on support, the firm targets pre-seed and seed-stage companies. Their investment thesis spans a wide array of sectors, including SaaS, FinTech, DeepTech, AI, Web3, HealthTech, Gaming, E-commerce, and Marketplaces, reflecting a broad interest in innovative and disruptive technologies.

The firm operates with a dual approach, combining direct venture investments with a structured accelerator program. Through their accelerator, FIRSTPICK typically provides an initial investment of up to €50,000 (approximately $54,000) to participating startups, coupled with mentorship and resources designed to accelerate their development. For direct investments, FIRSTPICK is prepared to deploy up to €100,000 (approximately $108,000) for pre-seed companies and can extend up to €300,000 (approximately $324,000) for more mature seed-stage ventures, demonstrating flexibility in their funding approach based on a startup's development stage.

FIRSTPICK launched its inaugural fund with a total capital commitment of €10 million (approximately $10.8 million), backed by significant institutional investors such as the European Investment Fund (EIF) and INVEGA. This substantial fund size enables them to make a meaningful impact on the regional startup ecosystem. As of early 2024, the firm has made over 30 investments, actively building a diverse portfolio of promising companies. Their commitment to rapid decision-making and comprehensive support positions FIRSTPICK as a key player in the early-stage funding landscape of Northern Europe, aiming to identify and scale the next generation of tech leaders.