Open Circle Capital

Open Circle Capital is a prominent early-stage venture capital firm based in Vilnius, Lithuania, playing a crucial role in fostering the growth of innovative technology startups across the Baltic region and beyond. Established with a clear vision to support ambitious founders, the firm primarily focuses on companies developing disruptive technologies with global market potential. Their strategic location in Vilnius allows them to tap into a vibrant and rapidly developing tech ecosystem, providing capital and strategic guidance to promising ventures.

The firm's investment strategy is highly sector-specific, targeting a diverse range of cutting-edge technological domains. Open Circle Capital actively seeks out opportunities in areas such as Deep Tech, Software-as-a-Service (SaaS), Artificial Intelligence (AI), Fintech, Internet of Things (IoT), Big Data, Cyber Security, Health Tech, Mobility, and Robotics. This broad yet focused approach enables them to build a diversified portfolio of companies that are poised to redefine their respective industries. They look for strong founding teams, scalable business models, and significant market opportunities.

Open Circle Capital manages multiple funds, demonstrating a growing commitment to the startup ecosystem. Their first fund, launched in 2017, had a capital commitment of €20 million, which was instrumental in backing their initial cohort of portfolio companies. Building on this success, they launched a second fund in 2023 with a significantly larger capital pool of €40 million, expanding their capacity to support more startups and provide substantial follow-on funding. The firm typically deploys initial cheques ranging from €200,000 to €1 million, with the potential for follow-on investments reaching up to €3 million as companies achieve key milestones. As of early 2024, their portfolio includes over 28 investments, reflecting their active participation in the early-stage funding landscape.