Baltic Sandbox Ventures Raises €10M To Back to Early Stage Deeptech Startup in Europe

Baltic Sandbox Ventures, a Vilnius, Lithuania-based venture capital firm investing in early-stage deeptech startups from Central and Eastern Europe (CEE), has closed a €10m investment into its latest €13m deeptech fund and accelerator.

The cornerstone investor is INVEGA, a Lithuanian government agency, the program financed from its Innovation Promotion Fund, with the balance coming from private investors, including Vytautas Kašėta, (SUPER HOW?) and Pijus Makarevičius (Furniture1).

The fund will be split into two equal parts of €6.5 million each, aimed at pre-seed and seed investments into up to 80 emerging Baltic deeptech startups, building grassroots deeptech and life sciences ecosystems. 

Founded in by Sandra Golbreich, Andrius Milinavičius and Erik Bhullar, Baltic Sandbox Ventures Erik Bhullar, Baltic Sandbox will initially focus on the Baltics before launching additional funds through 2023 and 2024 for deeptech investments across Europe.

FinSMEs

19/12/2022