About Practica Capital
Practica Capital is a venture capital firm founded in 2011. It is primarily based out of Vilnius, Lithuania. As of Aug 2025, Practica Capital is an active investor, having invested in 71 companies, with 3 new investments in the last 12 months. 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 Consumer. Most recently it participated in the $***** Seed round of CREEM Overall, Practica Capital portfolio has seen 1 IPO and 7 acquisitions including key companies like Oxipit, Trafi and Eddy Travels. A lot of funds co-invest with Practica Capital, with names like Mantas Mikuckas sharing a substantial percentage of its portfolio. Practica Capital has team of 17 people including 6 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Soonicorns
Practica Capital's List of Top Investments
Practica Capital has a portfolio of 71 companies. Their most notable investments are in CGTrader and HEI Schools.Their portfolio spans across Lithuania, United Kingdom, United States and 7 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 28 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Practica Capital:1. TransferGo
Cross-border remittance solution for consumers and businesses. It allows consumers and businesses to transfer money and funds across borders. Users can transfer funds using cash deposits, bank transfers, and ATMs. Features APIs to manage transactions, access current pricing, and market trends and insights.
Key facts about TransferGo
- Founded Year: 2012
- Location: London (United Kingdom)
- Annual Revenue: £32.5M as on Dec 31, 2021
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $110M
- Employee Count: 369 as on Mar 31, 2026
- Investors: Black River Ventures, VEF and 45 Others
- Latest Funding Round: Series C, Apr 22, 2025, $*****
- Highlight: Editors' Pick
2. Oxipit
Artificial intelligence-based medical image analysis for doctors. Solutions offered include ChestGlass, ChestEye, and QEye. ChestGlass is a solution that offers radiographs for comparison, to analyze anomalies. ChestEye is a computer-aided diagnosis (CAD) solution that analyses chest X-ray radiographs and provides information about enlarged heart, edema, pleural effusion, pulmonary emphysema, subcutaneous emphysema, and more.
Key facts about Oxipit
- Founded Year: 2017
- Location: Vilnius (Lithuania)
- Stage: Acquired
- Total Funding till date: $6.69M
- Employee Count: 23 as on Mar 31, 2026
- Investors: Taiwania Capital, Practica Capital and 4 Others
- Latest Funding Round: Series A, Jan 20, 2023, $*****
- Highlight: Acquired
3. Trafi
Trafi provides MaaS solutions to transit agencies & offers a consumer transit app. The custom-branded consumer-facing mobile application enables passengers to plan & book multi-modal transit tickets by combining various mobility options like taxis, rentals, or public transit. Offers a back-end management platform to operators covering aspects such as operations management, route planning, passenger management, and payments management.
Key facts about Trafi
- Founded Year: 2013
- Location: Vilnius (Lithuania)
- Stage: Acquired
- Total Funding till date: $15M
- Employee Count: 2 as on Dec 31, 2024
- Investors: EBRD, Octopus Investments and 6 Others
- Latest Funding Round: Series B, Jul 2020, $*****
- Highlight: Acquired
4. Eneba
Eneba is an online retailer of digital games. The product catalog includes action-adventure games, animal & army games, Blizzard games, call of duty series, and more. The company offers games of multiple genres, types, operating systems, platforms, and more.
Key facts about Eneba
- Founded Year: 2017
- Location: Kaunas (Lithuania)
- Stage: Series A
- Total Funding till date: $10.8M
- Investors: FJ Labs, Practica Capital and 3 Others
- Latest Funding Round: Conventional Debt, Dec 08, 2025, $*****
- Highlight: Editors' Pick
Atrandi Biosciences, is a pioneering life sciences tool company transforming single-cell analysis with its patented Semi-Permeable Capsule (SPC) technology. This next-generation technology isolates tens of thousands of single cells within discrete, permeable compartments, allowing bulk reactions to proceed as usual while preserving single-cell resolution. SPCs have already unlocked previously inaccessible applications, such as high-throughput microbial and eukaryotic genomics, and are poised to enable true single-cell multiomics. Lithuania, Atrandi’s name, meaning “you discover” in Lithuanian, embodies the company’s mission to empower scientists to uncover the unknown and make groundbreaking discoveries.
Key facts about Atrandi Biosciences
- Founded Year: 2016
- Location: Vilnius (Lithuania)
- Stage: Series A
- Total Funding till date: $31M
- Investors: Lux Capital, Metaplanet and 4 Others
- Latest Funding Round: Series A, Feb 19, 2025, $*****
- Highlight: Editors' Pick
Practica Capital's Year-on-Year Investment Trends
Practica Capital has invested in 71 companies over the last 14 years, with an average of 4 new investments annually in the last 10 years. In 2025, it made 4 investments. Its most recent first time investment was in CREEM and most recent follow-on round was in Atrandi Biosciences.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 3 | 1 | 4 |
2024 | 5 | 1 | 6 |
2023 | 4 | 2 | 6 |
2022 | 2 | 2 | 4 |
2021 | 6 | 1 | 7 |
2020 | 5 | 2 | 7 |
2019 | 5 | 0 | 5 |
2018 | 1 | 2 | 3 |
2017 | 0 | 1 | 1 |
Practica Capital's Investments by Stage
Practica Capital has made 55 investments in Seed stage with an average round size of $1.66M, 8 investments in Series A stage with an average round size of $7.2M, 1 investment in PE stage and 1 investment in Unattributed stage.Stage of entry | No. of Investments |
|---|---|
Seed | 55 |
Series A | 8 |
PE | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Practica Capital's Investments by Sector
Practica Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, HealthTech and Retail. Notably, it has invested in 58 Tech companies, 41 Enterprise (B2B) companies, 33 Software companies and at least 32 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 26 |
Consumer | 19 |
High Tech | 12 |
HealthTech | 8 |
Retail | 8 |
Others | 76 |
Note: We have considered here, only first round of investments
Practica Capital's Investments by Geography
Practica Capital has made most investments in Lithuania (47), followed by United Kingdom where it has made 7 investments.Country | No. of Investments |
|---|---|
Lithuania | 47 |
United Kingdom | 7 |
United States | 4 |
Latvia | 3 |
Estonia | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
Practica Capital's recent investments
Practica Capital has not made any investment in 2026 so far.Here are the most recent investments by Practica Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 25, 2025 | United States | Seed | 2952 | [+2] | |
Aug 01, 2025 | Latvia | Seed | 8470 | ||
Jun 10, 2025 | Lithuania | Seed | 2473 | [+3] | |
Feb 19, 2025 | Lithuania | Series A | 7283 | [+3] | |
Nov 12, 2024 | United Kingdom | Seed | 9114 | [+1] |
IPOs and Publicly Listed companies in Practica Capital's Portfolio
1 of Practica Capital's portfolio company became public - JetCat Games.Here are Practica Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | Aug 12, 2015 | Seed | 9103 |
Acquired companies in Practica Capital's Portfolio
7 companies from Practica Capital's portfolio have been acquired. The most recent acquisition was Oxipit in Mar 2026 by Sectra for $*****.Here are Practica Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 05, 2026 | Jul 16, 2019 | Seed | 7255 | |
Apr 14, 2025 | Oct 14, 2013 | Seed | 7916 | |
Mar 27, 2024 | 2015 | Series A | 8366 | |
Sep 08, 2022 | Dec 23, 2019 | Seed | 9059 | |
May 02, 2017 | Mar 05, 2014 | Seed | 5590 |
Team profile of Practica Capital
Practica Capital has a team of 17 members including 6 Partners, 1 Venture Partner and 2 Principals located in Lithuania. Practica Capital's team does not sit on the board of any company as of now.Here is a list of top team members in Practica Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Vilnius | - | ||
Partner | Vilnius | - | - | |
Partner | Vilnius | - | ||
Partner | Lithuania | - | ||
Partner | Lithuania | - | ||
Partner | - | - | ||
Venture Partner | Lithuania | - | - | |
Principal | - | - | ||
Principal | Lithuania | - |
Co-investors of Practica Capital
Over the past 14 years, 162 investors have co-invested in Practica Capital's portfolio companies. This includes funds and angels.
- Invested before Practica Capital: Europa, Imprimatur Capital Fund Management and 30 others have invested in rounds before Practica Capital. There are 2 companies where Europa has invested before Practica Capital and 2 companies where Imprimatur Capital Fund Management has invested before Practica Capital.
- Top Co-investors of Practica Capital: 52 investors entered a company along with Practica Capital. These include investors like Mantas Mikuckas (5 companies).
- Invested after Practica Capital: A total of 78 investors have invested in Practica Capital's portfolio after their investments. Top Investors include Taiwania Capital (2 companies), Trind VC (2 companies) and CoInvest Capital (2 companies).
Recent News related to Practica Capital
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Outcraft AI Raises €2M Pre-seed To Build Autonomous Aales And Revenue AgentsStartup Rise EU•Apr 16, 2026•Practica Capital, Lost Astronaut, Outcraft
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Creem secures €1.8M pre-seed for AI-focused fintech solutionsBebeez•Aug 25, 2025•Antler, Practica Capital, CREEM, CREEM
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Contactless biometric payments startups draw funding,integration partnersBiometricUpdate.com•Aug 04, 2025•Practica Capital,
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Handwave Secures $4.2M Seed Funding Led by Practica Capital for Palm-Based Payment PlatformRetail Technology Innovation Hub•Aug 01, 2025•Outlast Fund, FIRSTPICK, Practica Capital, Inovo Venture Partners and 1 other
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Latvian startup Handwave raises €3.6 million for payment and identification platformEU-Startups•Aug 01, 2025•Practica Capital, Inovo Venture Partners, Covergirl, First Watch and 2 others
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Atrandi Biosciences secures $25M to advance single-cell multiomics using capsule technology.Drug Development & Delivery•Feb 19, 2025•Atrandi Biosciences, Lux Capital, VSquared Ventures, Practica Capital and 3 others
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Qminder Secures €3M Seed Funding to Revolutionize Service Flow ManagementSalesTech Star•Nov 20, 2024•Qminder, Practica Capital, Metaplanet, BADideas.fund
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Estonian Qminder secures €3M Seed for service delivery SaaSTech.eu•Nov 12, 2024•Qminder, BADideas.fund, Toggl, Veriff and 5 others
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AMLYZE Raises €2.35M in Seed Funding to Fuel Next Growth phaseFinancial IT•Oct 02, 2024•AMLYZE, Practica Capital, FIRSTPICK, CoInvest Capital and 1 other
