What VC funds are investing in the Baltics?
We’ve got you covered!
Here is an updated list of 100+ VCs Investing in the Baltics.
Superangel is proud to present our open-source database of venture capital funds investing in the Baltics.
If you’re a startup founder looking for Pre-Seed to Growth funding or a fund looking to get to know the VC landscape in the Baltics, this database is meant for you.
For example, find information about ticket sizes, focus areas, as well as examples of Baltic startups that have secured funding through the aforementioned funds.
Baltic VC Investment Trends 2023
Recent years have witnessed a growing ecosystem activity in the three Baltic countries. Estonia takes the lead with the largest number of startups (1,400+) and the highest number of funded startups per capita in Europe, according to the State of European Tech 2023. Estonia is followed by Lithuania (1,100+) and Latvia (600+).
Estonia is also among the TOP 3 countries that have captured the biggest gains of their relative share of European funding (2018-2020 versus 2021-2023). That said, Lithuania is demonstrating leaps of progress, and reported a 7.1x growth in ecosystem value between 2018 and 2023, becoming one of the fastest growing region in the Baltics and CEE. Lithuania was also one of three countries in Europe to have recorded a year-on-year increase in total capital invested in 2023.
Over the last six months of 2023, 23 Lithuanian startups raised €262 million, 38 Estonian startups — €243.5 million, and 19 Latvian startups — €34.7 million. Importantly, growth investors are back after a year of hesitation and smaller rounds. Nine growth rounds delivered 5 times more capital in H2 2023 compared to H1 2023, rising to over half a billion. Source.
In the Baltic nations, the leading industries receiving the highest amounts of venture capital in 2023 were Energy, Enterprise Software and Transportation.
Want your fund to be added in the list?
Although there are already 100+ VCs in the list, it is not exhaustive.
Therefore, the database can be completed by the community members.
Here’s Google Sheets link where you can add information about VC Investors in the Baltics.
Fundraising Guide for startups in the baltics
Looking to start fundraising?
Check out Superangel’s Early-Stage Fundraising Guide to give yourself a head start! The guide contains everything you need from CRM tools to pitch deck examples.