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Baltic Sandbox Ventures

Vašingtono a. 1-11, Vilnius, LT-01108, Lithuania

Overview

Venture capital firm investing in early-stage deep tech and life sciences.

Deals · 12mo

5

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Estonia
Finland
Lithuania
Spain
...

Sector focus

—

Investment portfolio

18rounds
NAMEDATESIZE
Emulsi Biotech
Jun 2026Led
$0.73 MSeed
Intu Diagnostics
Jun 2026Led
$1 MOther Equity
Granarium Technologies
Jun 2026Led
$1 MSeed
Axiology
Feb 2026Participated
$6 MSeed
Repsense
Dec 2025Participated
$2 MSeed
FirstQFM
Oct 2025Led
$1 MSeed
Reveni
Sep 2025Participated
$9 MSeries A
Psylink
Jul 2025Participated
$0.58 MSeed
BrachyDOSE
Jul 2025Participated
$0.64 MOther Equity
QurieGen
Apr 2025Participated
$3 MSeed
Solid IO
Feb 2025Participated
$0.93 MOther Equity
Freya Cultivation Systems
Dec 2024Participated
$0.58 MSeed
Emulsi Biotech
Jun 2026Led
$0.73 MSeed
Intu Diagnostics
Jun 2026Led
$1 MOther Equity
Granarium Technologies
Jun 2026Led
$1 MSeed
Axiology
Feb 2026Participated
$6 MSeed
Repsense
Dec 2025Participated
$2 MSeed
FirstQFM
Oct 2025Led
$1 MSeed
Reveni
Sep 2025Participated
$9 MSeries A
Psylink
Jul 2025Participated
$0.58 MSeed
BrachyDOSE
Jul 2025Participated
$0.64 MOther Equity
QurieGen
Apr 2025Participated
$3 MSeed
Solid IO
Feb 2025Participated
$0.93 MOther Equity
Freya Cultivation Systems
Dec 2024Participated
$0.58 MSeed
18
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Insights

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Deal Distribution

Baltic Sandbox Ventures: 18 funding rounds are recorded in the selected participation categories.All available history.
Baltic Sandbox Ventures: 18 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed57
Series A01
Other Equity23

Monthly Deal Activity

Baltic Sandbox Ventures: 18 deals are recorded across 41 months.All available history.
Baltic Sandbox Ventures: 18 deals are recorded across 41 months. All available history
MonthDeals
Jun '231
Jul '230
Aug '230
Sep '231
Oct '231
Nov '230
Dec '231
Jan '240
Feb '241
Mar '240
Apr '241
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '241
Jan '250
Feb '251
Mar '250
Apr '251
May '250
Jun '250
Jul '252
Aug '250
Sep '251
Oct '251
Nov '250
Dec '251
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '263
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Baltic Sandbox Ventures: Health & Life Sciences is the largest displayed sector by deal count (6 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Baltic Sandbox Ventures: Health & Life Sciences is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
Health & Life Sciences6
Space & Frontier Tech5
Crypto & Blockchain3
Data, Analytics & IT3
Networks, Cloud & Communication2
Fintech2
Manufacturing2
E-Commerce & Retail2
Transportation & Logistics2
Hardware & Robotics1
AI & Machine Learning1
Food & Agriculture1
Clean Energy & Sustainability1

Deal Size Distribution

Baltic Sandbox Ventures: 18 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Baltic Sandbox Ventures: 18 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M16
$5M-$10M2
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Baltic Sandbox Ventures: Europe has the largest recorded deal count among the displayed regions (17 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Baltic Sandbox Ventures: Europe has the largest recorded deal count among the displayed regions (17 deals). All available history
RegionDeals
Europe17
United Arab Emirates1
Baltic Sandbox Ventures: 20 co-investors are shown, with Coinvest Capital sharing 8 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Baltic Sandbox Ventures: 20 co-investors are shown, with Coinvest Capital sharing 8 recorded deals. All available history
Co-investorShared deals
Coinvest Capital8
Almi Invest2
EstBAN2
Tensor Ventures2
13books Capital1
22 Hor Invest1
Beamline Fund1
Bynd1
Destiny Energy1
e2vc1
Exponential Science Foundation1
FiBAN1
Firstpick1
Free State of Saxony1
Further than Capital1
Iron Wolf Capital1
JME Ventures1
Latvian Business Angels network1
Lemonade Stand1
Lighthouse Ventures1

Investment Strategy

Baltic Sandbox Ventures: Led accounts for 39% and participating for 61% of round participation.All available history.
Baltic Sandbox Ventures: Led accounts for 39% and participating for 61% of round participation. All available history
CategoryDeals (count)Share (%)
Led739%
Participating1161%
Baltic Sandbox Ventures: Single-lead accounts for 43% and co-led for 57% of lead dynamics.All available history.
Baltic Sandbox Ventures: Single-lead accounts for 43% and co-led for 57% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead343%
Co-led457%

Team

Andrius Milinavičius

General Partner

Dominykas Milasius

Venture Partner

Erik Bhullar

General Partner

Jana Budkovskaja
Sandra Golbreich

General Partner