Aneli Capital launches a €35M new fund to invest in the Baltics and CEE

The Baltics are getting a new €35 million venture capital fund. Namely, a team of experts with over 15 years of experience in funding businesses has launched Aneli Capital, a fund to support early-stage startups in the Baltics, Poland, and other Central and Eastern European (CEE) countries. 

The fund will focus on Information and Communication Technology (ICT) as well as robotics, space, photonics, and energy startups, with the goal of helping them grow and become ready for follow-on investors, as the fund told AIN.

Daiva Rakauskaitė, CFA, partner and fund manager, says:

“Many investors lean in when a sector becomes fashionable and step back once the hype fades. We don’t work that way. We are going to look beyond hype cycles and focus on companies that build real products, attract paying customers early, and prove their economics. Our goal is to be the partner that stays for the full journey, not just the exciting part at the beginning.”

Other Fund Partners include Nerijus Baliūnas, who leads business development and strategy; Jacek Blonski, who leads deep tech, networking, and negotiations; and Sabina Sinicienė, Fund’s Investment Director.

Aneli Capital members have long been active in the investment space. They manage Business Angel Fund II and co-founded Lithuanian Venture Capital Association as well as the Lithuanian Business Angel Network (LitBAN).

Aneli Capital’s investment plans

• Next year, Aneli Capital is planning to fund eight startups and exit several companies from previous funds.
• In total, during the first five years, the fund is planning to make around 20 investments.
• The average investment will be roughly €1.5 million, typically distributed across several tranches.

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