Aneli Capital Fund I

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.

Investment Focus

Location / RegionLithuania

Funding StageSeed

Industry Focus

Deep Tech

Energy Tech

Manufacturing

Robotics Automation

Space

Investor Signals Profile

active

Sweet Spot

Seed/early-growth EU startup, €100K–€5M ticket

seed

early growth

EU/Baltic VC

ERDF co-funded

visionary startups

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

Innovation Promotion Fund + ERDF dual backingwebsite

VC Fund III: EU + private co-fundedwebsite

Permit No.16 — BOL regulated since Sep 2018website

ILTE-administered ERDF — institutional oversightwebsite

Contrarian Signals

Lithuania-based — niche geographic focusexternal

Closed-end structure limits flexibilityexternal

No GPs publicly listedexternal

Business Angels Fund II fully investedexternal

Minimal website info — low transparencywebsite

Website shows no portfolio detailwebsite

No team names anywhere on sitewebsite

Founder Do's

Target seed or early growth stage

Min ticket €100K, max €5M

Based or expanding in EU/Baltic region

Show transformative industry potential

Co-invest pari-passu with private investors

Founder Don'ts

Don't expect late-stage check

Don't skip EU regulatory readiness

Don't ignore Lithuanian base advantage

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Fund Overview

Fund Size€35M

Saves0

Website

Key People

Aneli Capital