# Lithuanian-American Innovation Award

> Lithuanian-American Innovation Award is a VC fund backing Music, Medical and Software. See 3 investments, check sizes, portfolio. Updated Sep 2026.

- Type: VC Fund
- Total investments: 3
- Last investment: Mar 2024
- Lead investor: 33%
- Last updated: Sep 2026
- Website: https://www.balticamericanfreedomfoundation.org/programs/lithuanianamerican-innovation-award

Lithuanian-American Innovation Award is a VC fund focused on Music and Medical. Lithuanian-American Innovation established by the Baltic American Freedom Foundation the Innovation Agency - Lithuania and the U.S. Embassy.

## Round sizes

| Stage | Round size |
| --- | --- |
| Grant | $5.4k–$12k |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Music | 1 | 33% |
| Medical | 1 | 33% |
| Software | 1 | 33% |
| Analytics | 1 | 33% |
| Health Care | 1 | 33% |

14 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 2 | 67% |
| Pre-Seed | 1 | 33% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Latvia | 2 | 67% |
| Lithuania | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Ligence | We are Deep Tech startup company located in Lithuania. We are a team of medical doctors who also happen to know AI and thus we build exciting solutions for healthcare. Our latest project is the automation of heart ultrasound image analysis using Deep Learning algorithms. The product we call Ligence Heart is able to automatically recognise heartimage view and perform all the necessary measurements. Physicians can now skip doing those manual measurements themselves. | $5.4K | Grant | Mar 04, 2024 |  |
| Solfeg.io | Solfeg.io is a B2B2C music education platform that simplifies music teaching in schools and inspires students to learn music also at home. We use top-hit songs to drive engagement, AI-tailored content to fill in the knowledge gaps and research-based methodology to simplify the learning process. | $5.8K | Pre-Seed | May 29, 2018 |  |
| Aerones Nordic | Aerones offers robotic inspections, cleaning, coating, and repair services for wind turbine blades. They provide conductivity measurements and troubleshooting, drainage hole cleaning, external inspection of the wind turbine blades, and internal inspection of the blades. | $11.5K | Grant | May 29, 2018 |  |

3 of 3 investments shown.

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## FAQ

### What does Lithuanian-American Innovation Award invest in?

Lithuanian-American Innovation Award invests primarily in Music, Medical and Software startups, most often at Grant and Pre-Seed stage. Most of the 3 investments tracked by Shizune back companies in Latvia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Lithuanian-American Innovation Award's check size?

Lithuanian-American Innovation Award typically joins rounds of $5.4k–$12k at Grant. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Lithuanian-American Innovation Award participates in.

### When did Lithuanian-American Innovation Award last invest?

The most recent investment recorded for Lithuanian-American Innovation Award closed in Mar 2024. Shizune tracks 3 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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