BSV Ventures has secured €15 million for its fund to invest in pre-seed and seed-stage deeptech startups across the Baltics and EU. The fund is backed by partners like the NATO Innovation Fund and Lithuania’s ILTE fund under the Accelerator 2 program, as well as private investors from across Europe, ArcticStartup reports.

  • BSV Ventures, formerly known as Baltic Sandbox Ventures, was founded by Sandra Golbreich, Andrius Milinavičius, and Erik Bhullar and has offices in Lithuania, Estonia, and Finland.

  • The fund invests in early-stage R&D-focused individuals and teams solving complex technical challenges with large potential for commercial application. BSV Ventures targets industries such as biotech, space technology, and artificial intelligence. 

  • The fund aims to bridge the gap between scientific innovation and market viability by providing not just financial resources but also tailored expertise to navigate the unique challenges of deeptech development.

The firm also works closely with strategic partners such as the NATO Innovation Fund and private European investors, ensuring that the startups it supports not only receive funding but also gain access to a network of expertise and resources tailored for long-term growth.

“Over the past two years, we’ve scouted and supported founders contributing to the next wave of global innovation — ranging from hydrogen and hardware to AI-driven medical devices and resilient connectivity solutions that enable comms even in the most challenging environments,” said Andrius Milinavičius, Managing Partner at BSV Ventures.

  • BSV Ventures will utilize the €15 million fund to invest in pre-seed and seed-stage startups, focusing on those transitioning from advanced research to scalable commercial solutions.

With a focus on the Baltics and EU, the firm seeks to foster internationally scalable businesses that address global challenges while leveraging the region’s strong educational systems and strategic importance.

Previously, AIN informed that Baltic Sandbox Ventures and Coinvest Capital provided the early-stage funding to Lithuanian deeptech startup Airvolve.