NETWORKING AND BUILDING CONNECTIONS

Lithuania Network engagement

Network engagement in Lithuania: investment networks and their impact

Lithuania has developed a robust ecosystem of local investment networks that play a pivotal role in supporting startups, especially in the tech and innovation sectors. These networks are vital for startups seeking funding, mentorship, and strategic partnerships. Below is an overview of the active investment networks in Lithuania and their average member size.

Number of active local investment networks

Lithuania’s investment landscape boasts several key networks that actively support early-stage and high-growth ventures. These networks are particularly prominent in sectors such as SaaS, marketplaces, climate tech, and deep tech. Key investment networks include:

  • Practica Capital: a leading Baltic VC firm, Practica Capital has been at the forefront of early-stage funding with over 60 investments. The firm focuses on diverse sectors including SaaS, marketplaces, and deep tech.
  • 70V: this network is known for its focus on high-growth B2B SaaS companies. 70V has developed a strong reputation for supporting transformative technologies like AI, blockchain, and cybersecurity.
  • Contrarian Ventures: specialising in climate tech and sustainability, Contrarian Ventures focuses on seed and early-stage investments, particularly in clean tech solutions with a focus on environmental impact.

These networks are shaping Lithuania’s growing innovation ecosystem, attracting both local and international investors.

Average number of members per network

The local investment networks in Lithuania typically host a range of 50-100+ active members, each network offering a variety of resources, connections, and funding opportunities to startups. Key figures include:

  • Practica Capital: the firm is supported by a network of investors, including institutional and individual LPs (Limited Partners), who have helped fund over 60 startups across multiple sectors. The network is particularly focused on supporting Baltic entrepreneurs.
  • 70V: With over 50 companies in their portfolio, 70V has a sizable network of investors actively supporting early-stage ventures. This network focuses on fostering B2B SaaS innovations and transformative technologies.

These networks are not just platforms for funding but also for mentorship, strategic partnerships, and growth acceleration, offering significant value to startups and entrepreneurs across Lithuania.

Further resources:

Lithuanian Startup & VC Ecosystem Report. Vestbee.