# Lithuanian Business Angel Network

> Lithuanian Business Angel Network is a VC fund backing Software. See 31 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Vilnius, Lithuania
- Total investments: 31
- Last investment: Feb 2026
- Lead investor: 32%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/lithuanian-business-angel-network/
- Website: https://www.litban.lt/en/
- Facebook: https://www.facebook.com/LitBAN.lt/

Lithuanian Business Angel Network is a VC fund in Vilnius focused on Software and Information Technology. Lithuanian Business Angel Network (LitBAN) fosters business angel activity through communication, events, networking, syndication of deals. Our aim is to educate, connect, and promote angel investing in Lithuania and cross-borders.

## Contacts

5 contacts available for Lithuanian Business Angel Network. Shizune tracks 3 team members at Lithuanian Business Angel Network. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/lithuanian-business-angel-network?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 8 | 26% |
| Information Technology | 5 | 16% |
| Artificial Intelligence | 5 | 16% |
| Analytics | 3 | 10% |
| Customer Service | 3 | 10% |

67 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 12 | 39% |
| Pre-Seed | 8 | 26% |
| Angel | 4 | 13% |
| Venture - Series Unknown | 2 | 6% |
| Funding Round | 1 | 3% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Lithuania | 22 | 71% |
| Estonia | 1 | 3% |
| United Kingdom | 1 | 3% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Gytenis Galkis | Founder & Member of the Board | 13 | https://shizune.co/investors/profile/gytenis-galkis |
| Martynas Kandzeras | Member of The Board \| Co-Founder | 2 | https://shizune.co/investors/profile/martyna-kandzeras |
| Paulius Lastas | Member | 0 | https://shizune.co/investors/profile/paulius-lastas |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Tingit | Tiings is a zero-effort fashion repairs marketplace for busy people & brands. | $1.8M | Seed | Feb 08, 2026 |  |
| BrachyDOSE | BrachyDOSE is a cancer treatment quality control tool to help oncologists to reach best possible treatment results. For the oncologist the main problem performing radiotherapy procedure is lack of accurate and measurements based proof if tumor got the appropriate radiation dose, if healthy organs were damaged or stayed safe. The uncertainty leadsto radiation burning and secondary illnesses. Solution is suited specially for high dose rate brachytherapy procedure. We suggest the systems made of tool for radiation dose measurement (dosimeter) and its reader. Unlike other solutions in the market, which is dose simulation apps, our system shows the accurate science based data, is easy to use and it is highly compatible with standards devices. Our team is made of materials engineer, applied physicist, medical device engineer and a few medical doctors working in oncology field. We are focused on radiation sensitive materials research and device engineering +7 years. We have +10 years of experience in project leadership and scientific research. Team members has experience in development of successful projects with Lithuanian Health Science University Kaunas Clinics, National Cancer Institute (Lithuania). | $648.3K | Seed | Jul 10, 2025 |  |
| Luna Robotics | Luna Robotics producing affordable night vision for FPV kamikaze drones. | $284.2K | Pre-Seed | May 23, 2025 |  |
| AMLYZE | Achieving compliance can be complicated and challenging, but it does not have to. AMLYZE offer fully integrated Transaction Monitoring, Risk Assessment & Case Management solutions making theses processes much easier and smoother for you. | $2.6M | Seed | Oct 02, 2024 |  |
| WeSky | WeSky creates in-seat power systems that enable airlines to give better in-flight experiences while also improving operational efficiency by cutting fuel use. | $1.2M | Venture - Series Unknown | Sep 07, 2023 |  |
| Okredo | Okredo is open data platform providing data and insights for sales increase and credit risk mitigation. Okredo offers services - in freemium and premium levels (freemium - free of charge, Premium - paid services). Currently we are operating in Lithuania, but we are scaling to Latvia, Poland, UK and other European countries. | $262.3K | Seed | Jun 07, 2023 |  |
| ColibrisODM | ColibrisODM is a metal processing manufacturing platform for automatic quoting and ordering of custom-made and serial metal parts. | $329K |  | May 18, 2023 |  |
| ColibrisODM | ColibrisODM is a metal processing manufacturing platform for automatic quoting and ordering of custom-made and serial metal parts. | $323.3K | Pre-Seed | May 18, 2023 |  |
| Perfection42 | Perfection42 is an AI-based technology for game developers, 3d animators or video creators changing the way content is created by: - enabling the creation of Personalized Game Experiences for players by using quantifiable data - Saving Time by boosting development velocity. Create a level in 2 minutes rather than 2 days - Speeding up the iterationcycle: daily updates rather than monthly - changing the game developers focus from technical micro-level decisions to emotional High-Level Decisions | $1.2M | Seed | Apr 06, 2023 |  |
| Viezo | Vibration Energy Harvesting |  | Venture - Series Unknown | Mar 20, 2023 |  |

10 of 31 investments shown.

## Co-investors
- [Coinvest Capital](https://shizune.co/investors/profile/coinvest-capital) — VC Fund, 15 deals together
- [Startup Wise Guys](https://shizune.co/investors/profile/startup-wise-guys) — VC Fund, 6 deals together
- [Open Circle Capital](https://shizune.co/investors/profile/open-circle-capital) — VC Fund, 5 deals together
- [Business Angels Fund](https://shizune.co/investors/profile/business-angels-fund) — VC Fund, 4 deals together
- [Koinvesticinis Fondas](https://shizune.co/investors/profile/koinvesticinis-fondas) — VC Fund, 4 deals together
- [70Ventures](https://shizune.co/investors/profile/70ventures) — VC Fund, 3 deals together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does Lithuanian Business Angel Network invest in?

Lithuanian Business Angel Network invests primarily in Software, Information Technology and Artificial Intelligence startups, most often at Seed and Pre-Seed stage. Most of the 31 investments tracked by Shizune back companies in Lithuania. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Lithuanian Business Angel Network?

Public channels for Lithuanian Business Angel Network include LinkedIn, the website linked on this profile and Facebook. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Lithuanian Business Angel Network?

The team at Lithuanian Business Angel Network includes Gytenis Galkis (Founder & Member of the Board), Martynas Kandzeras (Member of The Board | Co-Founder) and Paulius Lastas (Member). The Team section lists each member with their title, investment count and links.

### 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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