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Iron Wolf Capital Fund II

Lithuania
Pre Seed
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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.

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

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

Key GPs & Partners

KJ
Kasparas Jurgelionis
Founding Partner
Baltic-rootedglobally-mindedVilnius/London
VJ
Viktoras Jucikas
Founding Partner
Baltic-rootedentrepreneurialdeep tech
ZS
Zygimantas Susnys
Founding Partner
Baltic-rootedentrepreneurialVilnius
KL
Kadi-Ingrid Lilles
Partner
Baltic-rootedTallinn-basedimpact
JD
Juste Damulyte-Brookes
Head of Finance
financeVilnius-basedoperations
VA
Vanda Alwast
Associate
Warsaw-baseddiasporaearly-stage

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Fund Overview

Fund Size€30M
Saves0
Website
LinkedIn

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

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