Vilnius-based venture capital firm BSV Ventures has secured a €15 million fund to support pre-seed and Seed-stage startups across the Baltic region and the EU. The new fund received backing from the NATO Innovation Fund (NIF), Lithuania's ILTE fund through the Accelerator 2 programme, and private investors across Europe.
- Founded in 2022 by Sandra Golbreich, Andrius Milinavičius, and Erik Bhullar, BSV Ventures, formerly Baltic Sandbox Ventures, is a venture capital firm that invests in early-stage R&D teams focused on solving complex technical challenges with commercial potential.
- The firm has offices in Lithuania, Estonia, and Finland and has made 27 investments totaling over €3 million.
- The €15 million Fund aims to support early-stage startups in the Baltics and the EU, focusing on innovative solutions in areas such as mechatronics, biotech, functional genomics, AI, and space technologies.
- The fund aims to help these startups scale internationally and contribute to the growth of a thriving deep tech ecosystem in the region, with collaboration opportunities for investors, R&D teams, and academic institutions.
- The BSV Fund received support from LPs, including the NATO Innovation Fund (NIF), Lithuania’s ILTE fund under the Accelerator 2 program, which offers training, consulting, and initial venture capital to support micro and small enterprises and private investors from across Europe.
"We are grateful for the support of our investors and partners, who share our vision for supporting founders working on the most cutting-edge challenges in deep tech domains," BSV Venture's team, commented on LinkedIn.
