BSV Ventures secures €15M to accelerate deeptech startups in the Baltics and EU

BSV Ventures has secured €15 million to invest in pre-seed and seed-stage deeptech startups across the Baltics and the EU. Backed by partners like the NATO Innovation Fund and Lithuania’s ILTE fund, the firm focuses on helping researchers turn advanced scientific developments into scalable commercial solutions. With offices in Lithuania, Estonia, and Finland, BSV Ventures targets industries such as biotech, space technology, and artificial intelligence. The fund aims to address the unique challenges of early-stage deeptech by providing capital and expertise, supporting innovation in a region recognized for its strong education systems and geopolitical urgency.

BSV Ventures is a pre-seed and seed-stage venture capital firm dedicated to advancing deeptech innovation across the Baltics and the European Union. Operating out of Lithuania, Estonia, and Finland, the firm specializes in supporting startups at the critical juncture where scientific research transitions into scalable, market-ready solutions. Its investment focus spans a wide array of high-impact sectors, including artificial intelligence, biotech, mechatronics, functional genomics, space technologies, and resilient communications.

By leveraging the region’s strong educational foundation and its unique geopolitical context, BSV Ventures fosters innovation designed to address pressing global challenges. 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. “We take NIF’s trust as recognition of our thesis that European, specifically Baltic, Nordic, and CEE DeepTech has massive potential.”

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. The capital will support entrepreneurs in high-impact sectors such as artificial intelligence, biotech, functional genomics, space technology, and resilient communication systems. 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. 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.

Chris O’Connor, Partner at NATO Innovation Fund, says, “Our investment in BSV Ventures reflects confidence in their strong leadership, complementary expertise, and proven commitment to transforming the Baltics into a global hub for DeepTech and dual-use innovation – essential for advancing European sovereignty.”

Click here to read more VC news.