Baltic Sandbox Ventures

2018

Founded

18

Investments

Lithuania

Offices

Venture Fund

Investor Type

About

BSV Ventures, formerly known as Baltic Sandbox Ventures, is a venture capital firm dedicated to fostering the deep tech and life science ecosystem in the Baltic region and Europe. Founded in 2018 by Sandra Golbreich, Andrius Milinavičius, and Erik Bhullar, the firm focuses on early-stage R&D teams addressing complex technical challenges with significant commercial potential. BSV Ventures has offices in Lithuania, Estonia, and Finland, and has invested in over 27 startups, committing more than €3 million in funding.

The firm offers various programs, including a 7-week equity-free incubation program with grants up to €15,000 per team and a 6-month acceleration program providing up to €125,000 in investment. Their investment areas encompass Software++, Life Science, and Hardware sectors, targeting innovations in AI, biotech, robotics, and more. Notable portfolio companies include Skycorp Technologies, Blackswan Space, and Axiology.

Portfolio Companies

Skycorp Technologies, Blackswan Space, Axiology, Biohifas, Freya Cultivation Systems, BrachyDose, Repsense, WeSky, Axiology, Black Swan

Gepgraphic Focus

Baltic Region, Europe

Key Differentiators

Focus on early-stage R&D teams, Equity-free incubation program, Acceleration program with significant investment, Offices in Lithuania, Estonia, and Finland

Thypical Investment Size

€100,000–€400,000

Total Funds Raised

€15 million

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Software

SaaS

Big Data & Analytics

Artificial Intelligence & Machine Learning (AI/ML)

CloudTech

BioTech

Vilnius

Pre-Seed

Seed

Lithuania