# Martynas Kandzeras

> Martynas Kandzeras is a seed investor at Lithuanian Business Angel Network backing Military. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Lithuanian Business Angel Network](https://shizune.co/investors/profile/lithuanian-business-angel-network)
- Location: Vilnius, Lithuania
- Total investments: 2
- Last investment: May 2024
- Lead investor: 50%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/martynas-kandzeras

Martynas Kandzeras is a seed investor at Lithuanian Business Angel Network in Vilnius focused on Military and Aerospace. Martynas Kandzeras is the Founding and Board Member of the Lithuanian Business Angel Network (LitBAN).

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Military | 1 | 50% |
| Aerospace | 1 | 50% |
| Biotechnology | 1 | 50% |
| Alternative Protein | 1 | 50% |

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 1 | 50% |
| Angel | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Unmanned Defense Systems | Unmanned Defense Systems (UDS) is defense and space manufacturing company which was founded by experienced UAS and Satellite experts working in global markets. The main focus of UDS is to deliver new-generation cost-efficient UAS systems capable of complying with a doctrine of modern warfare. The team has covered areas related to autonomoussystems, GNSS-denied environment navigation, AI, computer vision, and many others. | $3.5M | Seed | May 24, 2024 |  |
| 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! | $32.1K | Angel | May 29, 2023 |  |

2 of 2 investments shown.

## Co-investors
- [Coinvest Capital](https://shizune.co/investors/profile/coinvest-capital) — VC Fund, 2 deals together

## About Lithuanian Business Angel Network

VC Fund · Vilnius, Lithuania

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.

3 contacts available at Lithuanian Business Angel Network.

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

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### Similar industry
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### Similar stage
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## FAQ

### What does Martynas Kandzeras invest in?

Martynas Kandzeras invests primarily in Military, Aerospace and Biotechnology startups, most often at Seed and Angel stage. Most of the 2 investments tracked by Shizune back companies in Lithuania. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Martynas Kandzeras last invest?

The most recent investment recorded for Martynas Kandzeras closed in May 2024. Shizune tracks 2 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 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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