FlyCap

Established in 2013, FlyCap is a private equity fund that offers growth capital to small and medium-sized enterprises (SMEs) in the Baltic States. The fund primarily focuses on sectors such as healthcare, business-to-business (B2B) services, information technology (IT) and technology, and export-oriented manufacturing. FlyCap manages assets totaling €80 million and has invested in 37 Baltic companies to date.

FlyCap's investment strategy involves providing both equity and mezzanine financing to support the expansion and development of its portfolio companies. The fund's geographical focus includes Latvia (75%) and other European Union countries (25%). FlyCap's typical investment size ranges from €100,000 to €1.5 million, targeting companies with annual revenues exceeding €1 million and a minimum annual revenue growth rate of 10%.

The fund's portfolio includes notable investments in companies such as Mintos, Supliful, Visual Media, Priedes AG, HansaMatrix, and Event Center. FlyCap's commitment to supporting innovative and high-growth potential businesses has contributed to the economic development and competitiveness of the Baltic region.