Investment Details
Investor Type
Venture Capital
Asset Class Focus
Venture Capital
Stage Focus
Pre-Seed, Seed, Early Stage
Geographical Focus
Estonia, Latvia, Lithuania
Industries Focus
- FinTech
- SaaS
- DeepTech
- Consumer Marketplaces
Investment Size:
50,000 to 250,000 USD
Investor Details Founded: 2022
FIRSTPICK is a high-speed venture capital fund and accelerator based in Vilnius, Lithuania, dedicated to supporting early-stage tech startups across the Baltic region. The firm primarily invests in sectors such as Fintech, SaaS, Deeptech, and Consumer Marketplaces, offering initial investments ranging from €50,000 to €250,000, with the potential for follow-on investments up to €1 million. In addition to funding, FIRSTPICK provides equity-free grants to idea-stage startups, facilitating their initial development and market entry.
The firm's investment strategy is centered on a comprehensive support system for founders, encompassing pre-acceleration and acceleration programs. These initiatives are designed to equip startups with essential resources, mentorship, and market access, thereby enhancing their growth prospects. FIRSTPICK's approach emphasizes rapid response times, honest feedback, and hands-on support, fostering strong partnerships with the founders in their portfolio. The firm has a track record of backing over 100 founders, reflecting its commitment to nurturing and scaling innovative startups.
In March 2025, FIRSTPICK launched the Baltics' first dedicated AI accelerator, aiming to support early-stage AI, SaaS, and Fintech startups. This program offers participants up to €250,000 in funding, mentorship from industry experts, and access to a network of over 100 investors and potential partners. The accelerator is structured as a 12-week program, providing startups with the necessary tools and connections to scale their AI-driven solutions in global markets.
Requirements
- Idea Stage Startups
- Equity and Convertible Investment Conditions
Contact
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Portfolio Companies
- Handwave
- Samphire Neuroscience
- Cyber Upgrade
Mentioned In
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