Superhero Capital, a venture capital firm based in Helsinki, has launched its fourth fund with a target of €50 million, focusing on early-stage investments in startups across Finland and the Baltics. The firm is expanding its reach into Lithuania, with Gytenis Galkis and Audrius Milukas joining the team as partners, ArcticStartup reports.

About Superhero Capital

  • Superhero Capital is a Helsinki-based venture capital fund investing up to €1 million of initial capital in early-stage software startups across Finland and the Baltics. Primarily targeting early-stage companies that demonstrate innovative potential in the New Nordics region.

“Our goal with this fund is simple: empower visionary founders at the earliest stages who have what it takes to create meaningful change. With Gytenis and Audrius joining our team, we are better equipped to add value to the Baltic startup ecosystem and beyond,” said Jakob Storå, co-founder of Superhero Capital.

  • Superhero Capital backs startups that aim for long-term impact, helping founders who are looking to refine their ideas and scale effectively.

More on the fourth fund 

Superhero Capital plans to use the fund to support founders with innovative ideas, particularly in technology sectors, and help them scale their businesses internationally. 

  • Superhero Capital is expanding its reach into Lithuania, with Gytenis Galkis and Audrius Milukas joining the team as partners. 

  • The firm’s Limited Partners in the fund include Elo Mutual Pension Insurance Company and Tesi, a state-owned Finnish venture capital entity.

The first investments from the fund include CyberUpgrade, a cybersecurity startup from Lithuania, and Behavix, an AI company that analyzes online behavior.

Previously, AIN informed that Lithuania cybersecurity startup CyberUpgrade raised €2.5M to further develop its AI-driven “Copilot”.