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Top 25 Manufacturing Startup Investors in Lithuania (October 2026)

The most active venture capital funds and angel investors investing in Lithuania Manufacturing startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Lithuania Manufacturing startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Coinvest Capital
VC Fund
8 Lithuania, United Kingdom, The Netherlands Seed, Pre-Seed Software, Artificial Intelligence, Manufacturing $320k–$3.2M
Iron Wolf Capital
VC Fund
5 Lithuania, Estonia, United Kingdom Seed, Series A, Pre-Seed Software, Information Technology, SaaS $120k–$7.3M
Open Circle Capital
VC Fund
4 Lithuania, United States, Canada Seed, Pre-Seed, Series A Software, E-Commerce, Information Technology $202k–$7.2M
Delta Investment
VC Fund
3 South Korea, Lithuania Series A, Seed, Venture - Series Unknown B2B, Beauty, FinTech $53k–$9.6M
BSV Ventures
VC Fund
2 Lithuania, Estonia, Finland Pre-Seed, Seed, Grant Software, Biotechnology, Manufacturing $64k–$2.3M
Vladas Lašas
Angel
2 Lithuania, Luxembourg, United Kingdom Seed, Pre-Seed, Angel SaaS, Retail, Software $295k–$3.5M
LitCapital
VC Fund
2 Lithuania, United Kingdom, The Netherlands Seed, Series A, Private Equity Electronics, Manufacturing, SaaS $1.1M–$18M
Rita Sakus
Angel
2 Lithuania, The Netherlands Seed, Angel, Convertible Note Aerospace, Software, Artificial Intelligence $912k–$3.5M
Practica Capital
VC Fund
2 Lithuania, United Kingdom, United States Seed, Pre-Seed, Series A Software, B2B, Information Technology $219k–$30M
Accession Capital Partners
VC Fund
2 Poland, Bulgaria, Hungary Debt Financing, Venture - Series Unknown Manufacturing, Health Care, Telecommunications $7.9M–$33M
SEB Pension Fund
VC Fund
1 Norway, Sweden, Lithuania Debt Financing, Venture - Series Unknown Retail, Printing, Logistics $20M–$240M
Mita Ventures
VC Fund
1 Lithuania, United States Seed, Pre-Seed E-Commerce, Home Decor, Health Care
Gytenis Galkis
Angel
1 Lithuania, Denmark, United States Seed, Pre-Seed Software, SaaS, FinTech $22k–$3.5M
European Investment Bank
VC Fund
1 France, Germany, Italy Debt Financing, Post-IPO Debt, Venture - Series Unknown Energy, Biotechnology, Health Care $8.7M–$587M
EstBAN
VC Fund
1 Estonia, Latvia, Lithuania Seed, Pre-Seed, Angel Software, CleanTech, Manufacturing $95k–$1.5M
Taiwania Capital Management Corporation
VC Fund
1 United States, Taiwan, China Series A, Series B, Seed Software, Health Care, Artificial Intelligence $3M–$64M
Giedrimas Jeglinskas
Angel
1 Lithuania Seed Military, Aerospace
Karma Ventures
VC Fund
1 Estonia, United States, Finland Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $549k–$30M
Linas Sargautis
Angel
1 Lithuania, Latvia, Luxembourg Seed, Pre-Seed Military, Aerospace, Space Travel $417k–$3.5M
Export-Import Bank of the Republic of China
VC Fund
1 Lithuania Debt Financing Solar, Battery, Manufacturing
bmp Ventures
VC Fund
1 Germany, United States, Austria Seed, Venture - Series Unknown, Series A Software, Information Technology, Manufacturing $162k–$12M
Martynas Kandzeras
Angel
1 Lithuania Seed, Angel Military, Aerospace, Biotechnology
Zabolis Partners
VC Fund
1 Lithuania Series A, Venture - Series Unknown Sensor, E-Commerce, Agriculture
Paulius Vilemas
Angel
1 Lithuania Seed, Pre-Seed AgTech, Farming, Internet $526k–$3.5M
Sarunas Rackauskas
Angel
1 Lithuania Seed Aerospace, Military, Air Transportation $1.6M–$3.5M
Access all 40 investors in Lithuania Manufacturing startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Coinvest Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 8 investments in Lithuania Manufacturing startups, 7 in the past 12 months

Coinvest Capital invests in start-ups and companies undergoing business development and growth with groups of business angels.

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Investment focus

  • Industry: Software, Artificial Intelligence, Manufacturing
  • Stage:Seed, Pre-Seed
  • Geography: Lithuania, United Kingdom, The Netherlands

Investor stats

  • Total investments: 67
  • Round size: Seed $320k–$3.2M; Pre-Seed $323k–$1.3M
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • Tingit — Tiings is a zero-effort fashion repairs marketplace for busy people & brands.
  • Monopulse — Monopulse is producing secure UAVs in Europe exclusively tailored for Government, Military, and Law Enforcement use
  • PDKinematics — PDKINEMATICS builds precision guidance systems for the UAV era.
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Iron Wolf Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 5 investments in Lithuania Manufacturing startups, 8 in the past 12 months

We are here to make you succeed! Iron Wolf Capital is an international venture capital firm with an experienced team of professionals with global outlook and strong roots in the Baltics. and a mandate for helping entrepreneurs realise their ideas into successful businesses.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Lithuania, Estonia, United Kingdom

Investor stats

  • Total investments: 47
  • Round size: Seed $336k–$2.6M; Pre-Seed $120k–$1M; Series A $3.2M–$7.3M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely still investing — raised $77M in 2023

Portfolio highlights

  • Vegvisir — Revolutionising battlefield capabilities with XR technologies. Situational awareness & enchanced decision making for manned vehicles, remote platforms and command stations.
  • Blackswan Space — for satellite integrators and operators to enable the next step in in-orbit capabilities
  • Buntar Aerospace — Buntar Aerospace is an aerospace manufacturing company. It provides navigation systems with artificial intelligence modules,drones, and custom software.
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Open Circle Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 4 investments in Lithuania Manufacturing startups

Our Investment FocusWe are interested in technology companies in the fields of ICT, robotics and high-tech. We favor teams of professionals comprised or led by serial entrepreneurs with past growth, fundraising and/or exiting experience. We are looking for product building companies that would be high-potential, fast-growth, and ready toconquer foreign markets. Best time to talk us is just after first revenues in the company.Our investment approach1. It all starts with a conversation where we learn about you and your ambition. 2. In the space of few meetings we are targeting to decide whether to look further. 3. We'll discuss particular terms, ask for more information, and analyse further. 4. The legal part - we know everyone loves it, and, finally, we join your venture.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Lithuania, United States, Canada

Investor stats

  • Total investments: 39
  • Round size: Seed $202k–$2.2M; Pre-Seed $219k–$1M; Series A $5M–$7.2M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • PIXEVIA — PIXEVIA - AI for retail. Our flagship product - fully autonomous stores, powered by AI, cameras, and sensors. You simply walk in, take what you want, and go.
  • Monimoto — Monimoto develops and manufactures world's easiest to install and use GPS tracker. It's autonomous, powered by battery and controlled by smart phone.
  • Perfection42 — Perfection42 empowers creators to reach Unlimited Quality with custom Artificial intelligence tools without a single line of code.
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Delta Investment
VC Fund · 3 investments in Lithuania Manufacturing startups

Delta Investment

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Investment focus

  • Industry: B2B, Beauty, FinTech
  • Stage:Series A, Seed, Venture - Series Unknown
  • Geography: South Korea, Lithuania

Investor stats

  • Total investments: 7
  • Round size: Seed $53k–$9.6M; Series A $1.7M–$5M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Monimoto — Monimoto develops and manufactures world's easiest to install and use GPS tracker. It's autonomous, powered by battery and controlled by smart phone.
  • Interior Teacher — Interior Teacher is solidifying its position as a premium home styling service.
  • Smart House — Smart House is an online portal that provides real estate management services.
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BSV Ventures
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Lithuania Manufacturing startups

Baltic Sandbox Ventures is an early-stage VC dedicated to developing the Deep Tech and Life Science ecosystem in the Baltic region. Our focus is on early-stage individuals and teams that are engaged in research and development and are seeking to address complex technical challenges with significant potential for commercial applications.

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Investment focus

  • Industry: Software, Biotechnology, Manufacturing
  • Stage:Pre-Seed, Seed, Grant
  • Geography: Lithuania, Estonia, Finland

Investor stats

  • Total investments: 31
  • Round size: Seed $207k–$2.3M; Grant $64k–$134k; Pre-Seed $328k–$1.4M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $16M in 2022

Portfolio highlights

  • FirstQFM — FirstQFM is a Stockholm-based quantum technology company building proprietary foundation models for quantum computing.
  • Emulsi Biotech — Emulsi Biotech is a biotechnology company that develops lipid technology to deliver biologic drugs orally.
  • Intu Diagnostics — Intu Diagnostics specializes in developing innovative power-free , low-resource setting at-home molecular diagnostic platforms for infectious disease detection. Our solutions enable accurate diagnostic testing anywhere, eliminating the need for laboratory infrastructure.
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Vladas Lašas
Angel · 2 investments in Lithuania Manufacturing startups

Vladas Lašas

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Investment focus

  • Industry: SaaS, Retail, Software
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Lithuania, Luxembourg, United Kingdom

Investor stats

  • Total investments: 13
  • Round size: Seed $295k–$3.5M; Pre-Seed $308k–$1.4M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Sigvi — Sigvi is a managed car rental marketplace that turns thousands of fragmented small fleet operators into one AI managed rental network. The platform aggregates vehicle supply from independent rental companies and private owners, handles all operations — from booking and keyless pickup to maintenance, insurance, and fines — and delivers a fullydigital rental experience to travellers and businesses across Europe.Based in Vilnius, Lithuania, Sigvi operates an asset-light model where car owners list vehicles for a minimum of one year while Sigvi manages the entire customer lifecycle. Guests book through the platform and access cars 24/7 via keyless phone unlock at Sigvi-managed parking lots, eliminating the counter queues and trust issues that plague traditional rental.The company serves both B2C travellers (tourists, long-term renters, car replacement) and B2B clients (corporate fleets, insurance replacement vehicles, OTA partners). Sigvi is live in Lithuania and Poland, targeting the ~35% of the €72B European car rental market still served by independent operators with no technology infrastructure.
  • Ver.iD — Streamline your user onboarding, verify user credentials, and enjoy seamless Single Sign-On with all identity apps.
  • PIXEVIA — PIXEVIA - AI for retail. Our flagship product - fully autonomous stores, powered by AI, cameras, and sensors. You simply walk in, take what you want, and go.
Show all investments...

LitCapital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Lithuania Manufacturing startups

Helping ambitious businesses in their growth journey

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Investment focus

  • Industry: Electronics, Manufacturing, SaaS
  • Stage:Seed, Series A, Private Equity
  • Geography: Lithuania, United Kingdom, The Netherlands

Investor stats

  • Total investments: 8
  • Round size: Seed $1.1M–$4.2M; Series A $3.1M–$7.2M; Private Equity $3.3M–$18M
  • Lead/follow: 88% lead, 12% follow

Portfolio highlights

  • Cargo Stream — Cargo Stream is a management platform for the whole logistics chain of land transportation. The company's system provides capability as a Self-service portal for logistic companies (forwarders/carriers). It provides advanced support and recommendation on how to drive their business forward. Cargo Stream was founded in 2019 and based inLithuania.
  • Elinta Charge — Transform your charging experience with our industry-leading EV charger, built for businesses, public spaces, and municipalities.
  • Elinta Motors — The company Elinta Motors from Lithuania develops electric and plug-in hybrid drives for commercial vehicles up to 7.2 tons. All drive components including electric motors, battery modules and electronics have been developed in-house.
Show all investments...

Rita Sakus
Angel · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Lithuania Manufacturing startups

Rita Sakus is a Board Member at European Business Angel Network EBAN

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Investment focus

  • Industry: Aerospace, Software, Artificial Intelligence
  • Stage:Seed, Angel, Convertible Note
  • Geography: Lithuania, The Netherlands

Investor stats

  • Total investments: 7
  • Round size: Seed $912k–$3.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Ver.iD — Streamline your user onboarding, verify user credentials, and enjoy seamless Single Sign-On with all identity apps.
  • PIXEVIA — PIXEVIA - AI for retail. Our flagship product - fully autonomous stores, powered by AI, cameras, and sensors. You simply walk in, take what you want, and go.
  • Astrolight — Laser communication terminals for space-to-earth, ship-to-ship, space-to-space, and earth-to-USV links. Low-SWaP, cost-effective, unjammable and radio-silent.
Show all investments...

Practica Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Lithuania Manufacturing startups

Practica Capital

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Investment focus

  • Industry: Software, B2B, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Lithuania, United Kingdom, United States

Investor stats

  • Total investments: 148
  • Round size: Seed $219k–$3.3M; Pre-Seed $555k–$2.4M; Series A $2.4M–$30M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — raised $85M in 2022

Portfolio highlights

  • Creem — Creem is the money platform for the AI era. Sell software and digital products globally.
  • kopa.ai — Kopa is the AI Google Ads media buyer and ecommerce marketing platform for stores doing 7 figures and up. Replace slow agencies, freelancers, and manual PPC rule tools with store-connected campaigns, AI static and video creatives, 8-area audits, offer pages, and reporting.
  • Outcraft AI — Outcraft AI develops autonomous revenue agents that convert, retain and grow customers across voice, SMS, email and messaging.
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Accession Capital Partners
VC Fund · Vienna, Wien, Austria · 2 investments in Lithuania Manufacturing startups

Central Europe's leading provider of financing solutions for middle market businesses.

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Investment focus

  • Industry: Manufacturing, Health Care, Telecommunications
  • Stage:Debt Financing, Venture - Series Unknown
  • Geography: Poland, Bulgaria, Hungary

Investor stats

  • Total investments: 60
  • Round size: Debt Financing $9.9M–$33M; Venture - Series Unknown $7.9M–$24M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $361M in 2024

Portfolio highlights

  • Polmed — Polmed provides laboratory tests, medical care packages, and diagnostic tests. They offer companies medical packages that vary in scope and cost, and comprehensive occupational medicine management, vaccinations, and preventive measures. An online inquiry form is available on the company's website.
  • Vetti Group — Veterina koja zna. I razumije.
  • Agrova International — AGROVA International is a European agri-foods group specialising in egg production and processing, egg proteins, and functional nutrition ingredients.
Show all investments...

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
SEB Pension Fund
VC Fund · 1 investments in Lithuania Manufacturing startups

SEB Pension Fund

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Investment focus

  • Industry: Retail, Printing, Logistics
  • Stage:Debt Financing, Venture - Series Unknown
  • Geography: Norway, Sweden, Lithuania

Investor stats

  • Total investments: 4
  • Round size: Venture - Series Unknown $20M–$240M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Gelato — Create and sell custom products online. With local production in 32 countries, easy integration, and 24/7 customer support, Gelato is an all-in-one platform.
  • Kauno Grudai — Kauno Grudai is a food product manufacturing company that specializes in crop production, flour products, and fast-food businesses.
  • SmartCella — SmartCella is an innovative biotechnology and medtech company. Sweden. SmartCella’s therapeutic mission is to develop treatments for patients running out of options. The company has three main business units, Procella Therapeutics, Smartwise and SvedMed Solutions.
Show all investments...

Mita Ventures
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 1 investments in Lithuania Manufacturing startups

Venture fund focused on cross-border tech innovation in Mexico/LatAm. Organizer, MITA TechTalks. Now, focused on Bitcoin-protocol startups. Posts by @lynnerae

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Investment focus

  • Industry: E-Commerce, Home Decor, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Lithuania, United States

Investor stats

  • Total investments: 2
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • NeuroEna — NeuroEna is a medical equipment manufacturing firm that produces solutions for neurological conditions.
  • ENNAIA — We believe in the power of art to incite conversation, emotion & wonder. Explore our collection of modern art sculptures & curate a space that transcends time. Shop ENNAIA sculptures today!
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Gytenis Galkis
Angel · 1 investments in Lithuania Manufacturing startups

Has knowledge of the Baltic start-up environment. Co-founder of ThinkToolkit, Enhand, InSidy, and OziPay. Previously, graduated Copenhagen Business School – BSc International Business and Politics (grad. yr. 2012) and MSc Applied Economics and Finance (grad. yr. 2014) while working full-time in Lithuania at Large Corporates department, SEB Bank.

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Investment focus

  • Industry: Software, SaaS, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: Lithuania, Denmark, United States

Investor stats

  • Total investments: 13
  • Round size: Seed $22k–$3.5M; Pre-Seed $183k–$1.4M
  • Lead/follow: 69% lead, 31% follow

Portfolio highlights

  • Sigvi — Sigvi is a managed car rental marketplace that turns thousands of fragmented small fleet operators into one AI managed rental network. The platform aggregates vehicle supply from independent rental companies and private owners, handles all operations — from booking and keyless pickup to maintenance, insurance, and fines — and delivers a fullydigital rental experience to travellers and businesses across Europe.Based in Vilnius, Lithuania, Sigvi operates an asset-light model where car owners list vehicles for a minimum of one year while Sigvi manages the entire customer lifecycle. Guests book through the platform and access cars 24/7 via keyless phone unlock at Sigvi-managed parking lots, eliminating the counter queues and trust issues that plague traditional rental.The company serves both B2C travellers (tourists, long-term renters, car replacement) and B2B clients (corporate fleets, insurance replacement vehicles, OTA partners). Sigvi is live in Lithuania and Poland, targeting the ~35% of the €72B European car rental market still served by independent operators with no technology infrastructure.
  • Supernaut AI — Describe the company you want. Supernaut builds the product, puts it live, finds customers, and takes payments - on its own. For founders, not engineers.
  • Unmanned Defense Systems — Unmanned Defense Systems develops and manufactures tactical military UAVs. Based on an advanced modular system, our drones provide the cost-effectiveness and real-world durability for modern conflict management, which ensures superiority and enhanced safety on the battlefield.
Show all investments...

European Investment Bank
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Lithuania Manufacturing startups

European Investment Bank operates as the lending institution of the European Union, offering loans, guarantees, and technical expertise to governments, businesses, and financial institutions. The organization focuses on areas such as climate action, digital transformation, housing development, and security-related initiatives. Its activities include funding large-scale infrastructure, supporting technology development, and facilitating access to capital for emerging and established enterprises. The bank also delivers advisory support to structure projects, improve investment readiness, and align initiatives with policy objectives.

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Investment focus

  • Industry: Energy, Biotechnology, Health Care
  • Stage:Debt Financing, Post-IPO Debt, Venture - Series Unknown
  • Geography: France, Germany, Italy

Investor stats

  • Total investments: 600
  • Round size: Post-IPO Debt $16M–$587M; Debt Financing $16M–$370M; Venture - Series Unknown $8.7M–$110M
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • RougeTx — RougeTx is a Netherlands-based biotech developing first-in-class small-molecule therapies for vascular diseases caused by pericyte dysfunction. Its lead candidate, RTX-001, targets hereditary haemorrhagic telangiectasia (HHT), an inherited disorder involving fragile blood vessels and recurrent bleeding.
  • MedinCell — Join Medincell on a journey to transform global health with innovative therapies.
  • Santander Brasil — Banco Santander in Brazil, its largest division in Latin America and one of the world's most important, accounting for 50%.
Show all investments...

EstBAN
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Lithuania Manufacturing startups

More than just a business angel network Building synergy between startups and angel investors EstBAN is member led organisation committed to finding, funding and mentoring ambitious young companies from pitch through to a successful exit. About estban Latest news Created with Fabric.js 3.5.0 All news For investors Get access to quality pre-selected internationaldeal-flow, and be

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Investment focus

  • Industry: Software, CleanTech, Manufacturing
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Estonia, Latvia, Lithuania

Investor stats

  • Total investments: 25
  • Round size: Seed $215k–$1.5M; Angel $95k–$1M; Pre-Seed $198k–$1.2M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • BrachyDOSE — BrachyDOSE - is a med-tech startup dedicated to solve radiation injuries that occur during the brachytherapy procedure. Our team consists of engineers and physicists experience in scientific research.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
  • Granarium Technologies — Granarium - The worlds first 100% renewable power storage for grid stabilization
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Taiwania Capital Management Corporation
VC Fund · Taipei, T'ai-pei, Taiwan · 1 investments in Lithuania Manufacturing startups, 8 in the past 12 months

NEWS Nurturing Stalwarts of Future Industries Taiwan us [...]

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Series A, Series B, Seed
  • Geography: United States, Taiwan, China

Investor stats

  • Total investments: 132
  • Round size: Seed $3M–$11M; Series A $3M–$64M; Series B $11M–$55M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $194M in 2022

Portfolio highlights

  • Luxonis — Build production-ready computer vision with OAK: AI depth cameras, stereo vision, and on-device inference for robotics, automation, and industrial applications.
  • ARINCARE — ARINCARE.COM - Free and Easy to use Healthcare and drugstores software, with 7000 products SKU, Open unlimited invoice, POS, start your free package today
  • Shape Memory Medical — Smart polymer. Smart embolization. Smart choice. Reshaping your view of clinical success through the science of smart polymer.
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Giedrimas Jeglinskas
Angel · 1 investments in Lithuania Manufacturing startups

Giedrimas Jeglinskas

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Investment focus

  • Industry: Military, Aerospace
  • Stage:Seed
  • Geography: Lithuania

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Unmanned Defense Systems — Unmanned Defense Systems develops and manufactures tactical military UAVs. Based on an advanced modular system, our drones provide the cost-effectiveness and real-world durability for modern conflict management, which ensures superiority and enhanced safety on the battlefield.
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Karma Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Lithuania Manufacturing startups

karma.vc is an early stage venture capital fund focusing on seed and early stage technology companies in Europe.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Estonia, United States, Finland

Investor stats

  • Total investments: 54
  • Round size: Seed $549k–$4.8M; Series A $3.9M–$17M; Series B $3.1M–$30M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely still investing — raised $113M in 2021

Portfolio highlights

  • Mindgard — Mindgard is the leading provider of AI Red Teaming solutions.
  • Leil Storage — ON-PREMISES DISTRIBUTED FILE STORAGE WITH CLOUD-SCALE DENSITY+23% extra FREE capacity and density NOW +23% extra FREE capacity and density NOW +20% lower CO₂ emissions and power costs NOW up to +70% saved energy in the futureFirst distributed filesystem that supports the biggest HDDs on the planet, enabling enterprises with HM-SMR basedstorage.
  • Starship Technologies — The future of delivery - today!
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Linas Sargautis
Angel · Vilnius, Vilniaus Apskritis, Lithuania · 1 investments in Lithuania Manufacturing startups

Linas Sargautis is the CCO and co-founder of NanoAvionics – a small satellite bus manufacturer and mission integrator based in Columbia, IL (US), Oxfordshire (UK) and Vilnius (Lithuania). He has extensive experience in sales and international business development, fundraising, EU grants, and finance management. Linas has been leading the business development activities at NanoAvionics.

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Investment focus

  • Industry: Military, Aerospace, Space Travel
  • Stage:Seed, Pre-Seed
  • Geography: Lithuania, Latvia, Luxembourg

Investor stats

  • Total investments: 5
  • Round size: Seed $1.6M–$3.5M; Pre-Seed $417k–$962k
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • AISPECO — AISPECO systems for aerial inspection, surveying, mapping. Tailored for airplanes, helicopters and drones. Multiple camera and LiDAR options.
  • Blackswan Space — for satellite integrators and operators to enable the next step in in-orbit capabilities
  • Deep Space Energy — Deep Space Energy is to become a commercial provider of radioisotope electricity for deep space science missions, the commercial lunar market, and scientific surface missions on the Moon and Mars.
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Export-Import Bank of the Republic of China
VC Fund · Taipei, T'ai-pei, Taiwan · 1 investments in Lithuania Manufacturing startups

Export-Import Bank of the Republic of China is a state-owned enterprise of the Ministry of Finance of the Republic of China. It facilitates export and import trade of Taiwan through offering Export Credit Insurance, Relending Facility and other various kinds of financing facilities.

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Investment focus

  • Industry: Solar, Battery, Manufacturing
  • Stage:Debt Financing
  • Geography: Lithuania

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • SoliTek — Discover sustainable European manufacturer SoliTek. We offer a wide range of durable and sustainably made solar modules and integrated solar solutions
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bmp Ventures
VC Fund · Berlin, Berlin, Germany · 1 investments in Lithuania Manufacturing startups, 7 in the past 12 months

bmp Ventures is an innovative Venture Capital Company from Berlin. Since 1997 we’ve been investing Smart Money in Early Stage and Growth Startups. We finance ingenious business models with outstanding teams, who build fast-growing and sustainably profitable enterprises.

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Investment focus

  • Industry: Software, Information Technology, Manufacturing
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Germany, United States, Austria

Investor stats

  • Total investments: 122
  • Round size: Seed $162k–$3.6M; Series A $912k–$5.9M; Venture - Series Unknown $172k–$12M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $70M in 2024

Portfolio highlights

  • Lab Thunder — LabThunder provides a cloud-based laboratory management software platform designed to digitize operational workflows. The system centers on centralizing equipment management, automated maintenance scheduling, digital logbooks, and AI-supported knowledge management to ensure audit-ready compliance.
  • Sedivention — Fight obesity within 20 minutes - fast, effective, long-term. A new weight-loss therapy for the treatment of obesity. Just a view minutes will change your life.
  • Solar Materials — Solar Materials primarily engages in the development of technologies for the sustainable and economical recycling of solar modules.
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Martynas Kandzeras
Angel · Vilnius, Vilniaus Apskritis, Lithuania · 1 investments in Lithuania Manufacturing startups

Martynas Kandzeras is the Founding and Board Member of the Lithuanian Business Angel Network (LitBAN).

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Investment focus

  • Industry: Military, Aerospace, Biotechnology
  • Stage:Seed, Angel
  • Geography: Lithuania

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Biohifas — Biohifas employs the power of mycelium and valorizes industrial side streams into the food.We are developing technology in 3 areas: - Side stream processing into food grade substrates. - Mycelium cultivation in solid state fermentation. - Raw material conservation.We are looking for curious minds, who are amazed by the great kingdom of fungi.Let's employ the power of mycelium and solve the problems that our world faces!
  • Unmanned Defense Systems — Unmanned Defense Systems develops and manufactures tactical military UAVs. Based on an advanced modular system, our drones provide the cost-effectiveness and real-world durability for modern conflict management, which ensures superiority and enhanced safety on the battlefield.
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Zabolis Partners
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 1 investments in Lithuania Manufacturing startups

Zabolis Partners is an investment group driven by the goal to enrich local economies through investments into digital transformation, cleantech, and urban development.

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Investment focus

  • Industry: Sensor, E-Commerce, Agriculture
  • Stage:Series A, Venture - Series Unknown
  • Geography: Lithuania

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Smart Brands Lab — Smart Brands Lab develops an algorithm-driven platform that launches niche brands through online marketplaces. The Smart Brands Lab algorithm sifts through massive data sets to identify products/niches with a high potential for product-market fit. The algorithm ranks products and niches based on factors such as customer demand, marketperformance, geography, and sales channels.
  • Brolis Sensor Technology — Focus on the herd data you need!
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Paulius Vilemas
Angel · 1 investments in Lithuania Manufacturing startups

Paulius Vilemas is Founder and CEO of Energenas .He holds MALD in inational Business Law from The Fletcher School at Tufts University.

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Investment focus

  • Industry: AgTech, Farming, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Lithuania

Investor stats

  • Total investments: 3
  • Round size: Seed $526k–$3.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Sort A Brick — Sort A Brick
  • Freya Cultivation Systems — We are a developer of agricultural technologies in pursuit of Controlled Environment Agriculture profitability improvement. Our core pillars are engineering complex technologies into simple packages, conducting plant science to advance our technologies, and working with partners globally to improve the industry's profitability.
  • Unmanned Defense Systems — Unmanned Defense Systems develops and manufactures tactical military UAVs. Based on an advanced modular system, our drones provide the cost-effectiveness and real-world durability for modern conflict management, which ensures superiority and enhanced safety on the battlefield.
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Sarunas Rackauskas
Angel · Pompano Beach, Florida, United States · 1 investments in Lithuania Manufacturing startups

Sarunas Rackauskas is a owner/CFO at Atlantic Jet Support.

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Investment focus

  • Industry: Aerospace, Military, Air Transportation
  • Stage:Seed
  • Geography: Lithuania

Investor stats

  • Total investments: 3
  • Round size: Seed $1.6M–$3.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • WeSky — WeSky develops In-Seat power systems that allow airlines to provide enhanced In-flight experiences and operating efficiency.
  • AISPECO — AISPECO systems for aerial inspection, surveying, mapping. Tailored for airplanes, helicopters and drones. Multiple camera and LiDAR options.
  • Unmanned Defense Systems — Unmanned Defense Systems develops and manufactures tactical military UAVs. Based on an advanced modular system, our drones provide the cost-effectiveness and real-world durability for modern conflict management, which ensures superiority and enhanced safety on the battlefield.
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Manufacturing Investor funding in Lithuania at a glance

Stats across 51 deals from 40 investors.

40
investors
in Lithuania Manufacturing startups
51
deals
in Lithuania Manufacturing startups
$912k
median round
in Lithuania Manufacturing startups
58%
lead investors
lead at least one round
27%
Grant
most common funding stage
78/23
VC / Angel
share of investor count

Access all 40 investors in Lithuania Manufacturing startups.

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