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Fund profile / Lithuania

Iron Wolf Capital Fund II

Geography
Lithuania
Stage
Pre-Seed
Fund size
€30M
Focus
AI/ML, Climate & Sustainability, Deep Tech and SaaS
Signals
Published
Share
N°01 / About

About Iron Wolf Capital Fund II

Iron Wolf Capital Fund II is a venture capital firm based in Lithuania, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in AI/ML, Climate & Sustainability, Deep Tech, SaaS, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionLithuania
Funding StagePre-Seed
Industry Focus
AI/ML
Climate & Sustainability
Deep Tech
SaaS

Investor Signals Profile

active

Sweet Spot

Baltic deep tech, AI, or defence founder with global ambition

Baltic & diaspora
AI & deep tech
defence & dual-use
pre-seed/seed
global ambition

Bullish Signals

30+ portfolio companies since 2019website
Most active Baltic VC investorexternal
Most active defence tech investor in Europewebsite
State-backed cornerstone investor (ILTE/EU)external
Leads or co-leads roundsexternal
EUR 0.5–5M investment rangewebsite
Sectors: defence, photonics, robotics, AI, pharmawebsite
Annual Baltic Deep Tech Report 2025 publishedwebsite
Deep Tech Breakfast Series touring Balticswebsite
Members: LT VCA, EstVCA, LitBAN, EstBANexternal
Bimonthly newsletter, active networkwebsite
Team: finance, science, marketing, tech, impactwebsite
Global reach: London, Berlin, SV, HK, Warsawwebsite
Pitch submission open via websitewebsite
ESG-focused, Invest Europe compliantwebsite
Portfolio breadth: defence, photonics, robotics, AI, pharma, agritechwebsite
All GPs grew up Baltic, worked globallywebsite
Complementary team: finance, science, tech, impact, marketingwebsite
Portfolio includes UAV guidance, cybersecurity, spectroscopy, geospatialwebsite
Prefer to lead rounds, pre-seed to seedwebsite

Contrarian Signals

Baltic geography limits deal universeexternal
State LP may slow decision-makingexternal
Small team, broad sector coverageexternal

Founder Do's

Be Baltic-born or diaspora-connected
Building global from day one
Deep tech or AI core product
Show hard work + ambition signals
Defence/dual-use tech acceptable

Founder Don'ts

No Baltic link whatsoever
Consumer/non-tech focus
Seeking follower-only check

37 signals on Iron Wolf Capital Fund II

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

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Facts

Fund Overview

Fund Size€30M
Saves0
Website
LinkedIn
People

Key People

Zygimantas Susnys, Kasparas Jurgelionis

Kasparas JurgelionisFounding Partner
Viktoras JucikasFounding Partner
Zygimantas SusnysFounding Partner
Kadi-Ingrid LillesPartner
Juste Damulyte-BrookesHead of Finance
Vanda AlwastAssociate
N°04 / See also

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