Fund profile / Lithuania

Aneli Capital Fund I

Geography: Lithuania
Stage: Seed
Fund size: €35M
Focus: Deep Tech, Energy Tech, Manufacturing and Robotics & Automation
Signals: Published

N°01 / About

About Aneli Capital Fund I

Vilnius-based first fund backing early-stage tech startups in the Baltic states, Poland, and CEE. Plans for ~20 investments over five years.

N°02 / Thesis

Investment Focus

Location / RegionLithuania

Funding StageSeed

Industry Focus

Deep Tech

Energy Tech

Manufacturing

Robotics & Automation

Space

Investor Signals Profile

active

Sweet Spot

B2B tech founder, seed/early-growth, Baltics/CEE region

seed

early growth

B2B tech

Baltics/CEE

ERDF co-funded

Bullish Signals

€60M AUM, 21+ investments madeexternal

Two active funds, Bank of Lithuania licensedexternal

ERDF co-funded — EU backing securedexternal

New VC Fund III launched Nov 2025external

Pari-passu structure aligns LP/founder interestsexternal

Licensed since 2018 — proven track recordexternal

20+ years experience in venture investingwebsite

B2B tech focus — ambitious builders targetedwebsite

Fund III: EU + private co-funded modelwebsite

Permit No.16 — BOL regulated Sep 2018website

Fund III permit issued Nov 5, 2025website

Innovation Promotion Fund + ERDF backingwebsite

Companies building what comes next — bold mandatewebsite

Contrarian Signals

Lithuania-based — niche geographic focusexternal

Closed-end structure limits flexibilityexternal

No individual GPs publicly namedwebsite

Business Angels Fund II fully investedwebsite

Minimal team transparency on sitewebsite

No portfolio company details disclosedwebsite

Founder Do's

Target seed or early growth stage

Min ticket €100K, max €5M

B2B technology focus

Based/expanding in Baltics or CEE

Co-invest pari-passu with private investors

Founder Don'ts

Don't expect late-stage capital

Don't skip EU regulatory compliance

Don't ignore closed-end fund constraints

27 signals on Aneli Capital Fund I

13 bullish · 6 contrarian · 5 pitch do's · 3 don'ts, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size€35M

Saves0

Website

People

Key People

Aneli Capital

N°04 / See also

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