Practica Capital is an early-stage venture capital firm based in Vilnius, Lithuania. See sector focus, stage focus and contact routes.
Practica Capital is an early-stage venture capital firm based in Vilnius, Lithuania, founded in 2011 by Donatas Keras and Silvestras Tamutis to back Baltic founders[2][5][7]. The firm invests exclusively in technology-driven ventures in the Baltic States (Lithuania, Latvia, Estonia) and Baltic-origin companies across Europe, targeting pre-seed, seed, and Series A stages[2][3][5]. Typical check sizes range from €300,000 to €3 million, with total support potentially reaching €8 million, and the firm operates in both lead and non-lead roles[6][8]. Notable portfolio companies include PVcase, TransferGo, Eneba, Ovoko, and Interactio, reflecting over 60 to 70 investments made since inception[2][6]. Practica distinguishes itself by positioning as “company builders” for founders, managing four funds with more than €130 million in assets under management[2][5]. The firm recently closed Practica Venture Capital III at €80 million, with €10 million invested by the European Bank for Reconstruction and Development to support early-stage tech in the Baltics[15].
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