Status
ACTIVE
Global HQ
Luxembourg
Countries of investment
- Estonia
- Latvia
- Lithuania
Investment stages
- Growth
Industries
- Innovation
- Manufacturing
- Deep Tech
- Clean Tech
- B2B Software
About
Baltic Innovation Fund is a "fund-of-funds" initiative managed by the European Investment Fund (EIF) in collaboration with the governments of the Baltic States. It functions as a critical driver of the regional startup ecosystem by backing local investment vehicles rather than investing directly in startups. The fund is instrumental in bridging the funding gap for growing Baltic enterprises seeking international expansion.
Baltic Innovation Fund is a "fund-of-funds" initiative managed by the European Investment Fund (EIF) in collaboration with the governments of the Baltic States. It functions as a critical driver of the regional startup ecosystem by backing local investment vehicles rather than investing directly in startups. The fund is instrumental in bridging the funding gap for growing Baltic enterprises seeking international expansion.
Investment Thesis
Baltic Innovation Fund invests as a cornerstone investor in private equity and venture funds to accelerate SME growth and innovation across Estonia, Latvia, and Lithuania.
Manager's Experience
Managed by Marjut Falkstedt (EIF) and Sille Pettai (SmartCap). The team excels in public-private fund selection and cross-border regional scaling, recently launching a €225M initiative to anchor growth-stage Baltic businesses.
Team
Sille Pettai - CEO (SmartCap)
Reinis Bērziņš - Board Chairman (Altum)
Marjut Falkstedt - Chief Executive (EIF)
Portfolio
Starship Technologies
Axiology
ImpactPCB
LifeGlue
Bolt
TransferWise (Wise)