About Open Circle Capital
Open Circle Capital is a venture capital firm founded in 2017. It is primarily based out of Vilnius, Lithuania. As of Apr 2023, Open Circle Capital has invested in 17 companies. It primarily invests in Seed round in Lithuania based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it participated in the $***** Seed round of Perfection42 Overall, Open Circle Capital portfolio has seen 3 acquisitions, namely Eddy Travels, Paysolut and Frontu. A lot of funds co-invest with Open Circle Capital, with names like Iron Wolf Capital sharing a substantial percentage of its portfolio. Open Circle Capital has team of 6 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Unattributed
Portfolio Acquisitions
Open Circle Capital's List of Top Investments
Open Circle Capital has a portfolio of 17 companies. Their most notable investments are in Tipi and SixAds.Their portfolio spans across Lithuania, United Kingdom, Germany and 1 more locations. They have invested in Enterprise Applications, High Tech, Retail and 12 other sectors, across stages such as Seed, Unattributed stages. Here is the list of top investments by Open Circle Capital:
1. Billo
Platform offering user generated content for brands. The platform helps brands to manage conversions with Facebook video ads made by brand users.The creators are rewarded for creating videos for the brands on the app based on details about the product, video type, quality, duration, and more. Its application is available to download on Google Play Store and App Store.
Key facts about Billo
- Founded Year: 1993
- Location: Kaunas (Lithuania)
- Stage: Series A
- Total Funding till date: $3.42M
- Employee Count: 109 as on Jul 01, 2024
- Investors: Practica Capital, SOSV and 10 Others
- Latest Funding Round: Series A, Oct 13, 2021, $*****
- Highlight: Editors' Pick
2. PIXEVIA
Platform offering store automation and analytics solutions for offline retailers. It offers AI-based store automation solutions, where systems automatically detect items taken from shelves and create virtual shopping carts. It also provides customer behavior analytics using video cameras.
Key facts about PIXEVIA
- Founded Year: 2013
- Location: Vilnius (Lithuania)
- Stage: Seed
- Total Funding till date: $3.29M
- Employee Count: 12 as on Jul 01, 2024
- Investors: Commerce Ventures, Practica Capital and 10 Others
- Latest Funding Round: Seed, Jan 02, 2025, $*****
- Highlight: Editors' Pick
3. Whatagraph
Whatagraph offers a dashboard which gives an infographic version of the web analytics for a website. Users need to log-in with their google analytics account and mention the website they wish to track. Clients include independent website owners and marketing agencies. It was a part of the Rockstart accelerator.
Key facts about Whatagraph
- Founded Year: 2015
- Location: Amsterdam (Netherlands)
- Stage: Series A
- Total Funding till date: $7.88M
- Employee Count: 120 as on Jul 01, 2024
- Investors: Rockstart, Inventure and 4 Others
- Latest Funding Round: Series A, Sep 29, 2021, $*****
- Highlight: Editors' Pick
4. Monimoto
Monimoto is a smart alarm device for motorcycles. The device remains dormant when while the key is nearby and becomes active when any type of motion or vibration is detected without the key. The device calls the owner and pushes app notification with details and the GPS location. The company claims that the device battery has a lifetime of up to two years.
Key facts about Monimoto
- Founded Year: 2013
- Location: Vilnius (Lithuania)
- Stage: Seed
- Total Funding till date: $486K
- Employee Count: 19 as on Jul 01, 2024
- Investors: Iron Wolf Capital and Open Circle Capital
- Latest Funding Round: Seed, Jan 22, 2021, $*****
5. Tipi
Tipi provides project planning and communication solutions for businesses. It enables users to manage project information in folders and organize project discussions. It allows businesses to manage chat, notifications, announcements, meeting notes, documents and marketing process. The application is available for Windows, Mac, iOS and Android. It offers a subscription-based pricing model. Clients include UBER, Toyota, VICE and Mary Kay.
Key facts about Tipi
- Founded Year: 2017
- Location: Vilnius (Lithuania)
- Stage: Seed
- Total Funding till date: $433K
- Employee Count: 1 - 10 as on Dec 31, 2024
- Investors: Sway Ventures and Open Circle Capital
- Latest Funding Round: Seed, Mar 14, 2018, $*****
Open Circle Capital's Year-on-Year Investment Trends
Open Circle Capital has invested in 17 companies over the last 8 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Perfection42 and most recent follow-on round was in Billo.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 0 | 0 | 0 |
2021 | 2 | 2 | 4 |
2020 | 2 | 1 | 3 |
2019 | 4 | 0 | 4 |
2018 | 2 | 0 | 2 |
Open Circle Capital's Investments by Stage
Open Circle Capital has made 10 investments in Seed stage with an average round size of $602K and 1 investment in Unattributed stage with an average round size of $1.11M.Stage of entry | No. of Investments |
|---|---|
Seed | 10 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Open Circle Capital's Investments by Sector
Open Circle Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Business Services, Aerospace, Maritime and Defense Tech and Artificial Intelligence - Industry Applications. Notably, it has invested in 11 Tech companies, 9 Enterprise (B2B) companies, 9 Software companies and at least 5 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 7 |
High Tech | 3 |
Business Services | 2 |
Aerospace, Maritime and Defense Tech | 1 |
Artificial Intelligence - Industry Applications | 1 |
Others | 11 |
Note: We have considered here, only first round of investments
Open Circle Capital's Investments by Geography
Open Circle Capital has made most investments in Lithuania (8), followed by Germany where it has made 1 investment.Country | No. of Investments |
|---|---|
Lithuania | 8 |
Germany | 1 |
Netherlands | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Open Circle Capital's recent investments
Open Circle Capital has not made any investment in 2026 so far.Here are the most recent investments by Open Circle Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 06, 2023 | Lithuania | Seed | 3913 | [+2] | |
Oct 13, 2021 | Lithuania | Series A | 5245 | [+4] | |
Sep 29, 2021 | Netherlands | Series A | 4277 | [+2] | |
Jan 22, 2021 | Lithuania | Seed | 8360 | ||
Jan 18, 2021 | Germany | Seed | 4209 |
Acquired companies in Open Circle Capital's Portfolio
3 companies from Open Circle Capital's portfolio have been acquired. The most recent acquisition were Frontu in Oct 2024 by Everfield.Here are Open Circle Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 16, 2024 | - | - | 1720 | |
Sep 08, 2022 | Dec 23, 2019 | Seed | 9846 | |
Feb 02, 2021 | - | - | 7865 |
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Team profile of Open Circle Capital
Open Circle Capital has a team of 6 members including 5 Partners located in Lithuania, Denmark and 1 more location. Open Circle Capital's team sits on the board of 1 company.Here is a list of all team members in Open Circle Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Copenhagen | Enabled Robotics, Nabto and 1 more | ||
Partner | Lithuania | - | ||
Partner | Helsinki | - | ||
Partner | Lithuania | - | ||
Partner | - | - | - |
Co-investors of Open Circle Capital
Over the past 8 years, 31 investors have co-invested in Open Circle Capital's portfolio companies. This includes funds and angels.
- Invested before Open Circle Capital: Alchemist Accelerator, MassChallenge and 1 other have invested in rounds before Open Circle Capital. There is 1 company where Alchemist Accelerator has invested before Open Circle Capital and 1 company where MassChallenge has invested before Open Circle Capital.
- Top Co-investors of Open Circle Capital: 16 investors entered a company along with Open Circle Capital. These include investors like Iron Wolf Capital (2 companies).
- Invested after Open Circle Capital: A total of 12 investors have invested in Open Circle Capital's portfolio after their investments. Top Investors include Practica Capital (1 company), Mantas Mikuckas (1 company) and Andrius Baranauskas (1 company).
Recent News related to Open Circle Capital
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Pixevia's €1.5M funding boosts expansion of AI-powered stores in US and EuropeTech.eu•May 20, 2024•PIXEVIA, CoInvest Capital, Iron Wolf Capital, Circle Capital and 2 others
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Development of the Lithuanian start-up Billo: attracted a new 2 mln. euro investment and calculates income that has increased tenfold15min•Aug 08, 2023•Open Circle Capital, Billo
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Lithuanian Perfection42 raises €1.1M in a seed roundAIN.Capital•Apr 06, 2023•Perfection42, Open Circle Capital, CoInvest Capital, LitBAN and 1 other
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Marketing reports automator Whatagraph charts $7.2 millionTech.eu•Sep 29, 2021•Whatagraph, Open Circle Capital, Inventure, LitCapital
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Lithuanian video adtech startup Billo raises nearly €1 million to expand in the USTech.eu•Feb 03, 2021•Billo, SOSV, Open Circle Capital, 70V and 1 other
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Cashierless store technology startup raises $1M+RetailCustomerExperience•Aug 12, 2020•PIXEVIA, Iron Wolf Capital, Open Circle Capital, Practica Capital
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AI travel assistant startup Eddy Travels closes €1.1 million pre-seed roundChina Travel News•Apr 13, 2020•Eddy Travels, Practica Capital, Open Circle Capital, Techstars
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AI-Powered Travel Bot Eddy Travels Raises $500K In Pre-Seed FundingPYMNTS.com•Dec 23, 2019•Eddy Travels, Techstars, Open Circle Capital, Practica Capital
