Iron Wolf Capital Launches €100 M Seed Fund
Vilnius-based deep tech venture capital firm Iron Wolf Capital has launched its newest EUR 100M early-stage Baltic deep tech and AI fund. Targeting 25 early-stage companies across Estonia, Latvia, Lithuania, and the Baltic diaspora, the fund will back deep tech startups in sectors such as AI, robotics, photonics, and space innovation.
LPs in the new fund include Lithuanian state bank ILTE, as well as more than 40 family offices and high-net-worth individuals in Europe. 90% of the firm’s LPs from its €21m first fund re-upped.
The fund has also consciously worked on building a world-class team of the most international and diverse venture talent in the Baltics. The team currently spans London, Warsaw, Vilnius, and Tallinn, is equally split by gender, and is uniquely operator-led at a time when just 8% of European VCs have former founders at the helm.
Iron Wolf Capital will continue to lead and co-lead investments, maintaining a high-bar, low-volume approach, backing only 6 to 8 startups annually. For the new fund, the team aims to shake things up, focusing more on areas such as biotech, energy, space tech, and AI. It typically invests between €500K-€2M for initial cheques and plans to invest in 25 startups.
For more information, visit: https://sifted.eu/articles/baltic-deeptech-vc-fund-100m