Vilnius-based Practica Capital has today announced the final close of its latest fund at €80 million.
The firm’s third fund is more than twice the size of its predecessor and lays claim to the title of
largest seed fund in the Baltics.
Operating as lead investor, the firm intends to continue to support early-stage startups hailing from
Lithuania, Latvia, and Estonia, operating in the SaaS, marketplace, or Deep/Industrial tech sectors.
Ticket sizes are expected to range anywhere from €1 million to €3 million with follow-on allotments
of up to €8 million.
The fund has already deployed more than €10 million via the new vehicle, backing 6 companies
including Heavy Finance, Sentante, Amlyze, and Breezit.
https://tech.eu/2024/02/01/practica-capital-closes-largest-seed-fund-in-baltics-at-eur80m/
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