# Investors based in the Baltics (2026 list) > 363 investors based in the Baltics, 6% active in the last 12 months. Led by Startup Wise Guys, Change Ventures, Practica Capital. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-based-in-baltics (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in the Baltics Updated 7 November 2026 Firms headquartered in the Baltics, ordered by what we have observed them do. [See all 363 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-baltics)The top 25 **363** investors on the list No change this week **102** cheques in 12 months *-25%* against the market **$2.5M** median round they joined *-69%* against the market median **6%** wrote a cheque in 12 months **5%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (15) - 1 [Startup Wise Guys](https://millionrounds.com/fund/startup-wise-guys) *Deploying now* Accelerator · Estonia **237** **$551K** median round **Sept 2026** last seen - 2 [Change Ventures](https://millionrounds.com/fund/change-ventures) *Deploying now* VC firm · Estonia **89** **$4.4M** median round **Sept 2026** last seen - 3 [Practica Capital](https://millionrounds.com/fund/practica-capital) *Deploying now* VC firm · Lithuania **70** **$3M** median round **Nov 2026** last seen - 4 [Superangel](https://millionrounds.com/fund/superangel) *Deploying now* VC firm · Estonia **65** **$2.6M** median round **Oct 2026** last seen - 5 [Metaplanet](https://millionrounds.com/fund/metaplanet) *Deploying now* VC firm · Estonia **49** **$9.7M** median round **Jun 2026** last seen - 6 [Coinvest Capital](https://millionrounds.com/fund/coinvest-capital) *Deploying now* VC firm · Lithuania **44** **$1.3M** median round **Oct 2026** last seen - 7 [Specialist VC](https://millionrounds.com/fund/specialist-vc) *Deploying now* VC firm · Estonia **40** **$2.3M** median round **Jun 2026** last seen - 8 [70V](https://millionrounds.com/fund/70v) quiet VC firm · Lithuania **34** **$1M** median round **Sept 2025** last seen - 9 [FIRSTPICK](https://millionrounds.com/fund/firstpick) *Deploying now* VC firm · Lithuania **33** **$625K** median round **Sept 2026** last seen - 10 [GameFounders](https://millionrounds.com/fund/gamefounders) quiet Accelerator · Estonia **28** **$19K** median round **Feb 2014** last seen - 11 [Toivo Annus](https://millionrounds.com/fund/toivo-annus) dormant Angel · Estonia **24** **$29M** median round **Sept 2019** last seen - 12 [Jaan Tallinn](https://millionrounds.com/fund/jaan-tallinn) *Deploying now* VC firm · Estonia **23** **$4.8M** median round **Feb 2026** last seen - 13 [Ambient Sound Investments](https://millionrounds.com/fund/ambient-sound-investments) quiet Family office · Estonia **21** **$1.7M** median round **Apr 2014** last seen - 14 [StartupHighway](https://millionrounds.com/fund/startuphighway) quiet Accelerator · Lithuania **12** **$171K** median round **Sept 2015** last seen - 15 [iTech Capital](https://millionrounds.com/fund/itech-capital) quiet Private equity · Latvia **12** **$80M** median round **Nov 2018** last seen - 16 [Tera Ventures](https://millionrounds.com/fund/tera-ventures) *Deploying now* VC firm · Estonia **9** **$2.6M** median round **Oct 2026** last seen - 17 [Trind Ventures](https://millionrounds.com/fund/trind-ventures) *Deploying now* VC firm · Estonia **8** **$1.8M** median round **Jul 2026** last seen - 18 [BaltCap](https://millionrounds.com/fund/baltcap) quiet Private equity · Estonia **7** **$4.1M** median round **May 2015** last seen - 19 [NGL Ventures](https://millionrounds.com/fund/ngl-ventures) *Deploying now* Angel network · Lithuania **7** **$2.2M** median round **Oct 2026** last seen - 20 [SmartCap](https://millionrounds.com/fund/smartcap) *Deploying now* VC firm · Estonia **7** **$105M** median round **Aug 2026** last seen - 21 [Estonian Development Fund](https://millionrounds.com/fund/estonian-development-fund) quiet VC firm · Estonia **6** **$935K** median round **May 2015** last seen - 22 [Karma Ventures](https://millionrounds.com/fund/karma-ventures) quiet VC firm · Estonia **6** **$8.9M** median round **Sept 2025** last seen - 23 [Nextury Ventures](https://millionrounds.com/fund/nextury-ventures) quiet Accelerator · Lithuania **5** **-** median round **Sept 2014** last seen - 24 [Contrarian Ventures](https://millionrounds.com/fund/contrarian-ventures) *Deploying now* VC firm · Lithuania **4** **$7.8M** median round **Oct 2026** last seen - 25 [LitBAN (Lithuanian Business Angels Network)](https://millionrounds.com/fund/litban-lithuanian-business-angels-network) *Deploying now* VC firm · Lithuania **4** **$2M** median round **Oct 2026** last seen **338 more on this list** All 363 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-baltics) ## The Newest Cheques Rounds this list's investors joined most recently - **3** Nov **[Unitoq](https://millionrounds.com/company/unitoq)** Pre-seed · $173K *With* [Latvian Business Angel Network](https://millionrounds.com/fund/latvian-business-angel-network) - **2** Nov **[Roleo](https://millionrounds.com/company/roleo)** Seed · $3.3M *Led by* [Practica Capital](https://millionrounds.com/fund/practica-capital) - **29** Oct **[Bleu Robotics](https://millionrounds.com/company/bleu-robotics)** Pre-seed *Led by* [Contrarian Ventures](https://millionrounds.com/fund/contrarian-ventures) - **29** Oct **[MuRay](https://millionrounds.com/company/muray)** Other · $7.9M *With* [Superangel](https://millionrounds.com/fund/superangel) - **29** Oct **[KineDB](https://millionrounds.com/company/kinedb)** Pre-seed · $946K *With* [NGL Ventures](https://millionrounds.com/fund/ngl-ventures) - **23** Oct **[Indurex](https://millionrounds.com/company/indurex)** Other · $7.8M *Led by* [Contrarian Ventures](https://millionrounds.com/fund/contrarian-ventures) ## Stages This Year 80 rounds - Seed **36%** - Pre-seed **16%** - Venture **14%** - Series A **14%** - Other **8%** - Other **13%** ## What They Backed Sectors, last 12 months - AI **29** - Big Data & Analytics **6** - Software **5** - Logistics **5** - Manufacturing **5** - Web3 & Crypto **5** ## Cheques by Quarter Led Joined 32 Q1 25 30 Q2 25 48 Q3 25 34 Q4 25 24 Q1 26 30 Q2 26 17 Q3 26 15 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors based in North America 78,049](https://millionrounds.com/lists/investors-based-in-north-america) - [Investors based in Europe 28,058](https://millionrounds.com/lists/investors-based-in-europe) - [Investors based in Asia 14,754](https://millionrounds.com/lists/investors-based-in-asia) - [Investors based in the Middle East 5,562](https://millionrounds.com/lists/investors-based-in-middle-east) - [Investors based in MENA 5,379](https://millionrounds.com/lists/investors-based-in-mena) - [Investors based in Latin America 3,985](https://millionrounds.com/lists/investors-based-in-latam) - [Investors based in Southeast Asia 3,496](https://millionrounds.com/lists/investors-based-in-southeast-asia) - [Investors based in Africa 3,447](https://millionrounds.com/lists/investors-based-in-africa) - [Investors based in Benelux 3,080](https://millionrounds.com/lists/investors-based-in-benelux) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors based in the Baltics ### Who are the most active investors based in the Baltics? By cheques observed, the most active are Startup Wise Guys, Change Ventures, Practica Capital, Superangel and Metaplanet. ### How many investors based in the Baltics are there? 363 are on record. 6% made an investment in the last 12 months and 5% have led a round. ### Which stages do investors based in the Baltics back? Of the rounds with a named stage in the last 12 months, mostly Seed (47%) and Pre-seed (21%). ### How big are the rounds investors based in the Baltics join? The typical (median) round among the leading investors here is $2.6M. ### Which sectors do investors based in the Baltics back most? In the last 12 months, mostly AI, Big Data & Analytics and Software. ### Which investors based in the Baltics lead the most rounds? Practica Capital (5 led), Coinvest Capital (5 led) and Tera Ventures (4 led). ### What have investors based in the Baltics invested in recently? Recent rounds include Unitoq (Pre-seed, Nov 2026, with Latvian Business Angel Network), Roleo (Seed, Nov 2026, with Practica Capital) and Bleu Robotics (Pre-seed, Oct 2026, with Contrarian Ventures). ### How is this list of investors based in the Baltics ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)