Vilnius-based venture capital firm Iron Wolf Capital has announced the launch of its second early-stage fund, targeting €100 million to support deep tech and AI startups across the Baltics. With over €30 million already raised, the fund is set to become one of the largest of its kind in the region.
According to Sifted, Iron Wolf’s new fund will invest in 25 early-stage companies across Estonia, Latvia, Lithuania, and the Baltic diaspora, focusing on sectors such as artificial intelligence, robotics, photonics, and space innovation. If the fund reaches its target, it will stand alongside major regional vehicles like Plural’s €400 million fund and Estonia’s SmartCap €100 million initiative, both designed to bolster early-stage innovation.
The fund is backed by a mix of institutional and private investors. Limited partners include the Lithuanian state development bank INVEGA and more than 40 European family offices and high-net-worth individuals. Notably, 90% of investors from Iron Wolf’s €21 million first fund have returned, reflecting strong confidence in the firm’s strategy and track record, Sifted reports.
In parallel with fundraising, Iron Wolf Capital has built what it describes as one of the most international and diverse venture teams in the Baltics. Spanning London, Warsaw, Vilnius, and Tallinn, the team is evenly split by gender and composed largely of former founders—an approach that remains rare in Europe, where only 8% of VC firms are led by ex-operators.
Staying true to its high-conviction, low-volume model, Iron Wolf plans to make 6 to 8 investments annually, typically leading or co-leading rounds. With a strong operator-first ethos, the firm aims to offer more than capital by partnering closely with founders to scale transformative technologies from the region to the world.
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Read the orginal article: https://arcticstartup.com/iron-wolf-capital-e100m-fund/
