Investor profile
FIRSTPICK
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FIRSTPICK is a first-check VC fund backing Baltic founders at inception and pre-seed. As a generalist early-stage investor with a strong focus on AI-first software, it writes initial checks of €100,000–€500,000 with follow-on capacity up to €1M, and can lead rounds or co-invest. The fund targets founders from Lithuania, Latvia, and Estonia — including those headquartered outside the Baltics — and prioritises talent over conventional VC criteria, backing overlooked founders before the broader market takes notice. Beyond capital, portfolio companies gain access to a platform of 100+ operators, a 250+ founder community, and practical early-stage know-how. FIRSTPICK's philosophy is to meet founders "while they're still hustling below the radar" and provide honest feedback, quick decisions, and steady support from day one through to follow-on rounds.
Notable quotes
“Everyone wants to back success once it's visible and on the biggest stage, but we prefer to meet founders while they're still hustling below the radar.”
“We see our investments as the start of a wider impact. When the Baltic tech sector grows, the entire economy becomes stronger.”
“We as a fund really are more willing to take risks, to make bigger bets, to support founders that maybe don't have very good traction yet.”
Team
Rūta Sičiūnaitė
Investment Analyst
Nikodemas Valiušaitis
Fund Operations
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| BirdyChat | Seed | $2m | 2026-05-06 |
| Handwave | Seed | $4m | 2025-08-01 |
| Psylink | Pre-seed | $551k | 2025-07-29 |
| Skarbe | Pre-seed | $600k | 2025-06-01 |
| Commody | Pre-seed | $540k | 2025-03-28 |
| CyberUpgrade | Seed | $3m | 2024-11-11 |
| WhiteBridge AI | Pre-seed | $500k | 2024-10-15 |
| AMLYZE | Seed | $3m | 2024-10-02 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| CoInvest Capital | 3 |
| Practica Capital | 2 |
| BADideas.fund | 2 |
| DIG Ventures | 1 |
| Change Ventures | 1 |
| Somersault Ventures | 1 |
| Superhero Capital | 1 |
| Inovo.vc | 1 |
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