Accelerating Baltic Innovation: FIRSTPICK Secures €50K to Propel Tech Startups Forward

We're excited to announce that FIRSTPICK, the high-speed VC fund and accelerator for tech startups in the Baltics, has successfully raised €50,000 in its latest funding round. This new capital injection reinforces our commitment to fueling innovation in the tech ecosystem, particularly across sectors such as Fintech, SaaS, Deeptech, and Consumer marketplaces. Our robust investment model isn’t confined to these areas alone—we’re always on the lookout for groundbreaking ideas with potential. With initial ticket investments ranging from €50K to €250K, and the ability to invest up to €1M in follow-on rounds, we tailor our support to match the evolving needs of early stage startups. Moreover, our equity free grants for idea stage entrepreneurs underscore our dedication to nurturing nascent talent without adding financial pressures from the outset. At FIRSTPICK, our approach goes beyond capital. Our pre-acceleration and acceleration programs have been meticulously designed to equip founders with the practical know-how needed to navigate the challenging startup marathon. Whether it’s early market access, impactful partnerships, or deep industry expertise, our portfolio startups benefit from a true partnership model where we act as coaches running by their side from concept through growth. This funding milestone, bolstered by contributions from private investors, our founding team, and a strategic investment from the Lithuanian state-financed ILTE fund—an integral part of the Accelerator 2 program funded by the Innovation Promotion Fund—underscores our mission to drive sustainable success for tech startups in the Baltics and beyond. We look forward to continued growth, innovation, and the vibrant future that lies ahead for our founders and partners alike.