Practica Capital is a venture capital (VC) firm investing in Baltic startups and high-growth businesses, which target national markets or have an ambition to become regional, international or global players. We offer a full range of VC financing from pre-seed to late seed/start-up, co-investments in round A and investments in SME’s expansion.
Our team is a mix of investment, technology and entrepreneurial backgrounds. Founded in 2011 and run by investment professionals with previous pan-Baltic private equity and investment banking experience in BaltCap, Hanseatic Capital, Evli, SEB Enskilda, MP Investment Bank and entrepreneurs who exited their businesses. One of the founders and senior adviser Anatolijus Faktorovičius is a founder and former CEO of Viltechmeda, medical device producer sold to a NYSE-listed Moog Inc. (USA).
Practica Capital is an active hands-on and value-adding local VC partner to entrepreneurs, attracting a network of high-level professionals as advisers. We focus on intimately understanding and resolving the entrepreneur’s business issues, which maximizes the business potential and probability of a mutually profitable exit.
The firm manages €8M Practica Seed Capital and €16M Practica Venture Capital funds, both launched in mid-2012 under the JEREMIE initiative in Lithuania, which is administered by the European Investment Fund (EIF), the Ministry of Economy and the Ministry of Finance and financed from the EU Structural Funds under 2007-2013 Economic Growth Operational Programme of Lithuania. The seed fund is around 100% and the VC fund is 70% financed by the JEREMIE Holding Fund, managed by the EIF. The remaining amounts are invested by the team and other private sector investors. We also run business accelerator Startup.lt.
To date, Practica Capital has made 38 investments, with no exits yet. Earlier, Practica’s founders participated in 13 investments totalling €33.5M, 11 of which exited for €98.4M.