Practica Capital is a venture capital firm in Lithuania established in 2011 by a team of entrepreneurs who exited their businesses and financial professionals. The firm manages EUR 6 mln. Practica Seed Capital Fund (Seed Fund) and EUR 15.7 mln. Practica Venture Capital Fund (VC Fund) established under the JEREMIE initiative, which is administered by the European Investment Fund (EIF). The funds provide early and later-stage financing to Lithuanian SMEs.
Seed Fund is around 100% and VC Fund is 70% financed by JEREMIE Holding Fund, which is managed by EIF. Remaining amount in the VC Fund is invested by our team and other private sector investors.
Practica Capital also operates business accelerator Startup.lt.