FIRSTPICK, a Lithuanian early-stage VC fund and accelerator, continues to grow the Baltic startup ecosystem with its second accelerator batch. Based in Vilnius, Lithuania, FIRSTPICK focuses on pre-seed and seed-stage startups building in SaaS, fintech, deeptech, and consumer marketplaces across the Baltics.
After reviewing hundreds of applications, we selected eight high-potential startups from Lithuania and Latvia to join our accelerator program, which officially runs from March 27 to June 29, 2023.
These founders are already solving meaningful problems and creating measurable impact in their respective markets, from neuroscience-driven healthtech to AI-enabled logistics.
Meet the Selected Startups
1️⃣ Samphire Neuroscience (Deeptech) – The world’s first drug-free solution for PMS, PMDD, and period pain, backed by neuroscience and designed for home use. The world’s first drug-free solution for PMS, PMDD, and period pain, backed by neuroscience and designed for home use.
2️⃣ Tractor Parts (Consumer marketplaces) – A fast-growing agritech marketplace connecting farmers and mechanics with verified tractor parts suppliers across Europe.
3️⃣ Finfra (Fintech) – API-powered infrastructure that enables embedded lending for fintechs across Southeast Asia, starting with Indonesia.
4️⃣ Swotzy (SaaS) – A last-mile delivery optimisation platform helping e-commerce businesses manage logistics, costs, and courier performance in one dashboard.
5️⃣ Psylink (Deeptech) – Developing scalable psychedelic-assisted therapy solutions and clinical applications through neuroscience and data science.
6️⃣ Furnisystems (SaaS) – A B2B e-commerce solution for furniture dealers and manufacturers, streamlining operations from production to delivery.
7️⃣ doohoo (Consumer marketplaces) – A premium pet products marketplace for modern pet parents focused on quality, design, and sustainability.
8️⃣ MBito (Deeptech) – An OBD scanner and mobile diagnostics app built specifically for Mercedes drivers and independent workshops.
About the FIRSTPICK Accelerator in Lithuania
Each startup in the FIRSTPICK Accelerator receives an investment between €50K and €250K, plus hands-on support designed to help them grow faster.
Over 16 weeks, founders:
- Work closely with Baltic and European mentors
- Connect with over 50 potential partners, clients, and investors
- Improve their product through testing, feedback, and validation
- Hire key team members for scale
- Get ready for follow-on funding of up to €1M
The accelerator serves as a launchpad for early-stage startups across Lithuania, Latvia, and Estonia, helping them prepare for global expansion.
Meet the Mentors Driving Baltic Innovation
To guide these founders, FIRSTPICK assembled a network of experienced operators, investors, and growth leaders from across Europe and the Baltics. Mentors in Batch 2 include:
- Akim Arhipov, Co-founder at fff.club
- Alex Galkin, Founder & CEO at Competera
- Andrej Vistorskij, Co-founder & CTO at Ondato
- Andrius Olechnovičius, Startup Sales Coach at Valuemakers
- Apolinaras Sinkevičius, Principal at Scalability Ventures
- Artūras Asakavičius, Co-Founder & CEO at Breezit
- Bobby Begg, ex-Executive Head-Hunter at kevin.
- Danielius Stasiulis, Co-Founder at Bitdegree
- Dmitriy Shchehrykovich, Head of Analytics at Wargaming.net
- Domas Urniežius, Co-Founder & CEO at GrowTech
- Gabrielė Poteliūnaitė, ex-Investment Manager at Heartfelt VC
- Ginny Radmall, Director at The Ivy Way
- Gytenis Galkis, Partner at Superhero Capital
- JB Daguene, Co-Founder & CEO at Evergrowth
- Julija Jegorova, Founder at Black Unicorn
- Justas Burba, ex-Head of Sales at Meet Frank
- Kate Vasylenko, Managing Partner at 42DM
- Laimonas Noreika, Founder at InSoil
- Natan Avidan, Co-Founder at Kernolab
- Nick Lahoika, Co-Founder & CEO at Vocal Image
- Regimantas Urbanas, CMO at Surfshark
- Tomas Dirvonskas, Tech Entrepreneur
- Tomas Martūnas, Co-Founder & COO at Whitebridge.ai
Apply Anytime: Join the Leading Baltic Accelerator
FIRSTPICK invests year-round in Baltic startups working in SaaS, fintech, deeptech, and marketplaces. If you’re building something ambitious, you don’t have to wait for the next batch.
Apply directly via our application form, we reply within 48 hours. Or reach out at hello@firstpick.vc.
You can also meet us at TechChill Riga, Latitude59 Tallinn, or Startup Fair Vilnius, the biggest startup events in the Baltics.
Follow FIRSTPICK on LinkedIn for updates on new investments, open calls, and ecosystem news.