Practica Capital

Practica Capital is a prominent early-stage venture capital firm based in Vilnius, Lithuania, dedicated to fostering the growth of Baltic and Baltic-origin technology companies with global ambitions. The firm strategically invests in promising startups across pre-seed, seed, and early Series A stages, providing not only crucial capital but also invaluable strategic guidance and access to their extensive network. Their deep understanding of the regional ecosystem and hands-on approach position them as a key enabler for innovative ventures looking to scale internationally from the Baltics.

With a robust track record, Practica Capital manages over €100 million in capital across multiple funds, underscoring its significant presence and commitment to the region's startup landscape. Their latest vehicle, Practica Capital Venture Capital Fund III, successfully reached a final close of €40 million in 2023, demonstrating strong investor confidence. This fund is specifically designed to target initial investments ranging from €0.3 million to €3 million, with a substantial capacity for follow-on investments up to €5 million per company, ensuring sustained support for portfolio companies through various growth phases.

The firm's portfolio boasts over 60 investments, reflecting its broad impact on the Baltic tech scene. Notable companies that have benefited from Practica Capital's backing include TransferGo, a global money transfer service, PVcase, a leading solar design software provider, and Eneba, a rapidly expanding online marketplace for gamers. Through these strategic investments, Practica Capital continues to play a pivotal role in transforming innovative ideas into market-leading businesses, solidifying the Baltics' reputation as a vibrant hub for technological advancement.