About BaltCap
BaltCap is a private equity firm founded in 1995. It is primarily based in Tallinn, Estonia. As of Oct 2026, BaltCap has a portfolio of 88 companies, comprising 88 funding rounds and 30 acquisitions. The firm primarily invests in companies based in Estonia and Lithuania. Its portfolio is spread across a wide range of sectors from Enterprise Applications to Consumer. Most recently it acquired stakes in Fitek on Jul 24, 2024.
Overall BaltCap portfolio has seen 4 unicorns, 3 IPOs and 24 acquisitions including key companies like Bolt, Einride and Veriff. A lot of funds co-invest with BaltCap, with names like Imprimatur Capital sharing a substantial percentage of its portfolio.
BaltCap has a team of 12 people, including 8 partners.
BaltCap's Portfolio
BaltCap has a portfolio of 88 companies. They have invested in a total of 88 companies. Their most recent investment was in Nord Security (Series C round) on Apr 07, 2022. Here are the most recent investments by BaltCap:Date | Company | Round | Amount | Co-Investors |
|---|---|---|---|---|
Apr 07, 2022 | Series C | 1495 | ||
Feb 13, 2020 | Seed | 8190 | ||
Apr 17, 2019 | Series A | 6442 | - | |
Nov 08, 2018 | Seed | 1535 | - |
BaltCap has acquired 30 companies. Their most recent acquisition was of Fitek on Jul 24, 2024. Here are the most recent acquisitions by BaltCap:
Acquisition Date | Company | Short Description | Total Funding | Founded Year |
|---|---|---|---|---|
Jul 24, 2024 | Cloud-based accounting and invoicing solutions for businesses | - | 1995 | |
Jul 24, 2024 | Limited information available | - | - | |
Oct 23, 2023 | VKG Elektrivõrgud OÜ is an energy company providing power distribution services in Estonia. | - | 2011 | |
Aug 03, 2023 | Manufacturer specializing in polyethylene foam and air bubble film | - | 1998 |
Here is the portfolio snapshot of BaltCap:
Investments by Year
The maximum number of investments were made in 2019
Acquisitions by Year
The maximum number of acquisitions were made in 2023
Portfolio by Location
Companies are primarily in Estonia and Lithuania
Portfolio by Sector
Companies are primarily in Enterprise Applications
Team profile of BaltCap
BaltCap has a team of 12 members including 8 Partners and 3 Principals located in Estonia, Lithuania and 1 more location. BaltCap's team does not sit on the board of any company as of now.Here is a list of top team members in BaltCap:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Lithuania | - | ||
Partner | Lithuania | - | ||
Partner | Tallinn | - | ||
Partner | Tallinn | - | ||
Partner | Lithuania | - | ||
Partner | Estonia | - | ||
Partner | Vilnius | - | ||
Partner | Tallinn | - | - | |
Principal | Latvia | - | ||
Principal | Estonia | - | - | |
Principal | Estonia | - |
Co-investors of BaltCap
Over the past 31 years, 11 investors have co-invested in BaltCap's portfolio companies.
- Top Co-investors of BaltCap: 11 investors entered a company along with BaltCap. These include investors like Imprimatur Capital (2 companies).
BaltCap News
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BaltCap Expands Pan-Baltic Books Platform with Acquisition from Egmont InternationalGlobal Legal Chronicle•Oct 20, 2025•BaltCap, Egmont
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BaltCap’s Investment in FitekIN and ONEA Software PlatformsGlobal Legal Chronicle•Jul 22, 2024•Onea, BaltCap, Unifiedpost Group, Fitek
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Baltcap lost: sale of Stebby led to legal proceedingsDelovõje Vedomosti•Apr 05, 2024•Stebby, BaltCap
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Conres LT demands 0.2 million from BaltCap. Euro debts for construction in the Kaunas districtLrt•Feb 08, 2024•Conres, BaltCap
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BaltCap fired a senior manager due to violationsNov 23, 2023•BaltCap
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Backed by Japanese investors, Finland-based VC NordicNinja launches €200M fundSilicon Canals•Sep 12, 2023•NordicNinja, Japan Bank for International Cooperation, BaltCap, Swedbank and 2 others
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BaltCap and Draugiem Capital’s Acquisition Part of the Shares of a Majority Stake in Pepi RerGlobal Legal Chronicle•Aug 28, 2023•BaltCap, Draugiem Group
