Vilnius-based VC firm Aneli Capital has launched a €35 million fund to back technology startups across the Baltic states, Poland, and other Central and Eastern European markets, as Vestbee was informed.
- Aneli Capital, founded in 2025 in Vilnius, Lithuania, is an early-stage venture capital firm led by Daiva Rakauskaitė, CFA, with partners Nerijus Baliūnas, Jacek Blonski, and Sabina Sinicienė, supporting startups across the Baltics, Poland, and broader Central and Eastern Europe.
- With its new €35 million fund, the firm plans to make approximately 20 investments over five years, allocating more than half of the capital to Lithuanian companies. It targets high-growth sectors such as ICT, robotics, energy, space, photonics, smart manufacturing, and AI solutions with proven performance.
“Many investors lean in when a sector becomes fashionable and step back once the hype fades. We don’t work that way. We are going to look beyond hype cycles and focus on companies that build real products, attract paying customers early, and prove their economics. Our goal is to be the partner that stays for the full journey, not just the exciting part at the beginning," claims Daiva Rakauskaitė, CFA, partner and fund manager.
- The fund will provide hands-on guidance, fast decision-making, and founder-friendly terms, with average investments of approximately €1.5 million per company, typically distributed in multiple tranches. In its first year, it plans to support eight startups while managing exits from previous funds.
- The new fund saw support from the National Lithuanian Development Bank (ILTE) and a fund of Warsaw-listed Magna Polonia.
“We are excited to invest in Aneli Capital, as the fund has extensive experience in managing startups, and will soon be strengthened by highly qualified advisors. With this investment, we are aiming for two goals: to earn a solid return for our investors by investing in companies operating in progressive sectors, while at the same time supporting young tech companies from the CEE region,” says Miroslaw Janisiewicz, the chairman of the management board.
