FIRSTPICK Fund II

About FIRSTPICK Fund II

Baltic pre-seed fund. €25M Fund II (25% larger than debut). €100K-€500K initial checks with up to €1M follow-on. Targets AI-first software, fintech, SaaS, and deep tech across Estonia, Latvia, and Lithuania. Backed by Lithuanian Ministry of Economy and ILTE fund.

Investment Focus

Location / RegionLithuania

Funding StagePre Seed

Industry Focus

Ai Ml

Deep Tech

Fintech

Saas

Investor Signals Profile

active

Sweet Spot

Baltic AI-first founder at inception or pre-seed

AI-first software

Baltic founders

pre-seed/inception

generalist early-stage

follow-on capacity

Bullish Signals

43 portfolio cos since 2022external

100+ operators, 250+ founder networkexternal

Portfolio cos raising Series A ($5-6M)external

48h response, no gatekeepingexternal

Copla €6M Series A — portfolio exit momentumwebsite

Co-invests alongside Practica, Inovo, Outlastwebsite

Covers Baltic HQ'd abroad — flexible geowebsite

Handwave $4.2M seed — Practica-led, FIRSTPICK backedwebsite

Samphire $5M seed — neurotech portfolio tractionwebsite

Network access lifetime — operators + founderswebsite

Contrarian Signals

Baltic-only — tight geographic filterexternal

Max €1M follow-on — limited upsideexternal

Founder Do's

Be Baltic (LT, LV, EE) or Baltic-rooted

Apply early — inception welcome

Show bold idea + right team

Open to lead or co-invest rounds

Fill 4-min form, fast 48h response

Founder Don'ts

Non-Baltic founders — not covered

Expect large checks at seed+

Avoid slow/complex raise processes

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Fund Overview

Fund Size€25M

Saves0

Website

Key People

Dmitrij Sosunov, Jonė Vaitulevičiūtė, Andra Bagdonaitė