# Series A investors in the Baltics (2026 list)

> 25 series A investors in the Baltics, 80% active in the last 12 months. Led by Index Ventures, FJ Labs, Lux Capital. Ranked by what they funded.

Source: https://millionrounds.com/lists/series-a-investors-in-baltics (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Series A investors in the Baltics

Updated 7 November 2026

Firms we have watched take part in a Series A round raised by a company in the Baltics in the last two years, wherever the firm is based.

[See all 25 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fseries-a-investors-in-baltics)The top 25

**25** investors on the list No change this week

**536** cheques in 12 months *-8%* against the market

**$17M** median round they joined *+114%* against the market median

**80%** wrote a cheque in 12 months

**48%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (20)

- 1 [Index Ventures](https://millionrounds.com/fund/index-ventures) *Deploying now* VC firm · United Kingdom **1,027** **$31M** median round **Nov 2026** last seen
- 2 [FJ Labs](https://millionrounds.com/fund/fj-labs) *Deploying now* VC firm · United States **849** **$11M** median round **Oct 2026** last seen
- 3 [Lux Capital](https://millionrounds.com/fund/lux-capital) *Deploying now* VC firm · United States **445** **$30M** median round **Nov 2026** last seen
- 4 [ff Venture Capital](https://millionrounds.com/fund/ff-venture-capital) *Deploying now* VC firm · United States **337** **$3.1M** median round **Nov 2026** last seen
- 5 [Warburg Pincus](https://millionrounds.com/fund/warburg-pincus) *Deploying now* Private equity · United States **260** **$124M** median round **Oct 2026** last seen
- 6 [Startup Wise Guys](https://millionrounds.com/fund/startup-wise-guys) *Deploying now* Accelerator · Estonia **237** **$551K** median round **Sept 2026** last seen
- 7 [Creandum](https://millionrounds.com/fund/creandum) *Deploying now* VC firm · Sweden **224** **$20M** median round **Oct 2026** last seen
- 8 [Ring Capital](https://millionrounds.com/fund/ring) *Deploying now* VC firm · France **193** **$5.9M** median round **Oct 2026** last seen
- 9 [Charlie Songhurst](https://millionrounds.com/fund/charlie-songhurst) *Deploying now* VC firm · United States **155** **$3.8M** median round **Oct 2026** last seen
- 10 [Practica Capital](https://millionrounds.com/fund/practica-capital) *Deploying now* VC firm · Lithuania **70** **$3M** median round **Nov 2026** last seen
- 11 [Superangel](https://millionrounds.com/fund/superangel) *Deploying now* VC firm · Estonia **65** **$2.6M** median round **Oct 2026** last seen
- 12 [Superhero Capital](https://millionrounds.com/fund/superhero-capital) *Deploying now* VC firm · Finland **54** **$1.4M** median round **Oct 2026** last seen
- 13 [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures) *Deploying now* VC firm · Germany **53** **$17M** median round **Nov 2026** last seen
- 14 [Metaplanet](https://millionrounds.com/fund/metaplanet) *Deploying now* VC firm · Estonia **49** **$9.7M** median round **Jun 2026** last seen
- 15 [Specialist VC](https://millionrounds.com/fund/specialist-vc) *Deploying now* VC firm · Estonia **40** **$2.3M** median round **Jun 2026** last seen
- 16 [FIRSTPICK](https://millionrounds.com/fund/firstpick) *Deploying now* VC firm · Lithuania **33** **$625K** median round **Sept 2026** last seen
- 17 [Dig Ventures](https://millionrounds.com/fund/dig-ventures) *Deploying now* VC firm · United Kingdom **29** **$7.5M** median round **Oct 2026** last seen
- 18 [Plural](https://millionrounds.com/fund/plural) *Deploying now* VC firm · United Kingdom **27** **$43M** median round **Nov 2026** last seen
- 19 [Evantic Capital](https://millionrounds.com/fund/evantic-capital) *Deploying now* VC firm · United Kingdom **8** **$175M** 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 [CEO of Datadog](https://millionrounds.com/fund/ceo-of-datadog) quiet VC firm **1** **$35M** median round **Oct 2025** last seen
- 22 [CEO of Klarna](https://millionrounds.com/fund/ceo-of-klarna) quiet VC firm **1** **$35M** median round **Oct 2025** last seen
- 23 [CEO of Supercell](https://millionrounds.com/fund/ceo-of-supercell) quiet VC firm **1** **$35M** median round **Oct 2025** last seen
- 24 [CEO of Wix](https://millionrounds.com/fund/ceo-of-wix) quiet VC firm **1** **$35M** median round **Oct 2025** last seen
- 25 [CEOs of Datadog, Klarna, Supercell, and Wix](https://millionrounds.com/fund/ceos-of-datadog-klarna-supercell-and-wix) quiet VC firm **1** **$35M** median round **Oct 2025** last seen

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[Quint Computing](https://millionrounds.com/company/quint-computing)** Series A · $10M *Led by* [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures)
- **5** Nov **[VÆRIDION](https://millionrounds.com/company/v-ridion)** Series A · $34M *With* [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures)
- **4** Nov **[Aformic](https://millionrounds.com/company/aformic)** Seed · $7M *With* [ff Venture Capital](https://millionrounds.com/fund/ff-venture-capital)
- **4** Nov **[Phaze Inc.](https://millionrounds.com/company/phaze-inc)** Seed · $8.8M *With* [Index Ventures](https://millionrounds.com/fund/index-ventures)
- **3** Nov **[Quint](https://millionrounds.com/company/quint)** Seed · $10M *Led by* [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures)
- **3** Nov **[Applied Compute](https://millionrounds.com/company/applied-compute)** Other · $350M *With* [Lux Capital](https://millionrounds.com/fund/lux-capital)

## Stages This Year

500 rounds

- Series A **19%**
- Seed **19%**
- Venture **16%**
- Series B **11%**
- Growth **6%**
- Other **28%**

## What They Backed

Sectors, last 12 months

- AI **236**
- Fintech **41**
- Healthcare **26**
- Big Data & Analytics **26**
- Energy **23**
- Aerospace & Space **23**

## Cheques by Quarter

Led Joined

147 Q1 25

159 Q2 25

153 Q3 25

178 Q4 25

152 Q1 26

153 Q2 26

122 Q3 26

43 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Series A investors in North America 2,451](https://millionrounds.com/lists/series-a-investors-in-north-america)
- [Seed investors in North America 2,422](https://millionrounds.com/lists/seed-investors-in-north-america)
- [Seed investors in Europe 1,730](https://millionrounds.com/lists/seed-investors-in-europe)
- [Series B investors in North America 1,704](https://millionrounds.com/lists/series-b-investors-in-north-america)
- [Series A investors in Europe 1,419](https://millionrounds.com/lists/series-a-investors-in-europe)
- [Growth investors in North America 1,382](https://millionrounds.com/lists/growth-investors-in-north-america)
- [Series C investors in North America 1,011](https://millionrounds.com/lists/series-c-investors-in-north-america)
- [Pre-seed investors in North America 877](https://millionrounds.com/lists/pre-seed-investors-in-north-america)
- [Series B investors in Europe 871](https://millionrounds.com/lists/series-b-investors-in-europe)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders at Series A

- Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies Reid Hoffman · 2018 3.95 from 7,118 ratings on Goodreads Scaling and operations Leading and managing Moats and competition About the book Foreword by Bill Gates LinkedIn cofounder, legendary investor, and host of the award-winning Masters of Scale podcast reveals the secret to starting and scaling massively valuable companies. What entrepreneur or founder doesn’t aspire to build the next Amazon, Facebook, or… On AmazonListen on Audible
- One Page Talent Management: Eliminating Complexity, Adding Value Marc Effron · 2010 4.00 from 311 ratings on Goodreads Leading and managing Hiring and culture Scaling and operations About the book A Revolutionary Approach to Talent Management You know that winning in today’s marketplace requires top quality talent. You also know what it takes to build that talent, and you spend significant financial and human resources to make it happen. Yet somehow, your company’s… On AmazonListen on Audible
- The Sales Development Playbook: Build Repeatable Pipeline and Accelerate Growth with Inside Sales Trish Bertuzzi · 2016 4.18 from 696 ratings on Goodreads First sales Hiring and culture About the book Raise your hand if your company needs more new customers. I suspect your hand is (figuratively) up. This book is about not just growth, but high-growth, explosive-growth, the kind of growth that weather satellites can see from space. The success of any business-to-business… On AmazonListen on Audible
- The Culture Code: The Secrets of Highly Successful Groups Daniel Coyle · 2017 4.24 from 37,412 ratings on Goodreads Hiring and culture Leading and managing About the book What do Pixar, Google and the San Antonio Spurs basketball team have in common?The answer is that they all owe their extraordinary success to their team-building skills. In The Culture Code, Daniel Coyle goes inside some of the most effective organisations in the world and… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&stage=series_a).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about series A investors in the Baltics

### Who are the most active series A investors in the Baltics?

By cheques observed, the most active are Index Ventures, FJ Labs, Lux Capital, ff Venture Capital and Warburg Pincus.

### How many series A investors in the Baltics are there?

25 are on record. 80% made an investment in the last 12 months and 48% have led a round.

### Which stages do series A investors in the Baltics back?

Of the rounds with a named stage in the last 12 months, mostly Series A (25%) and Seed (25%).

### How big are the rounds series A investors in the Baltics join?

The typical (median) round among the leading investors here is $17M.

### Which sectors do series A investors in the Baltics back most?

In the last 12 months, mostly AI, Fintech and Healthcare.

### Which series A investors in the Baltics lead the most rounds?

Index Ventures (62 led), Lux Capital (20 led) and Plural (16 led).

### Where are series A investors in the Baltics based?

Among the most active, most are based in the United States (5), Estonia (5) and the United Kingdom (4).

### What have series A investors in the Baltics invested in recently?

Recent rounds include Quint Computing (Series A, Nov 2026, with Vsquared Ventures), VÆRIDION (Series A, Nov 2026, with Vsquared Ventures) and Aformic (Seed, Nov 2026, with ff Venture Capital).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)