FIRSTPICK, a Lithuanian early-stage VC fund and accelerator, is kicking off 2025 with its fifth accelerator batch, continuing to back ambitious founders across the Baltics.
Starting on January 13 and running until April 25, 2025, Batch 5 brings together seven startups building tools across SaaS, fintech, and cybersecurity.
Based in Vilnius, Lithuania, the program supports early-stage founders with capital, mentorship, and access to a network of European investors, operators, and corporate partners.
Each team was selected for their strong founder-market fit, early traction, and readiness to move faster with strategic guidance and VC funding.
Meet the Selected Startups 👋
1️⃣ Handwave (Fintech) – Biometrics and fintech company improving how people authenticate and make payments.
2️⃣ Buck4Bug (SaaS) – Cybersecurity platform offering penetration testing, bug bounty programs, and IT auditing in one environment.
3️⃣ Skarbe (SaaS) – AI-powered sales platform for small B2B teams, delivering enterprise-grade insights, automation, and deal visibility.
4️⃣ Codigy (SaaS) – Team collaboration portal for data aggregation, self-improvement, and work planning
5️⃣ THEO Growth (SaaS) – Context-powered AI assistant built to help startup founders make faster and more informed business decisions.
6️⃣ Hopted (SaaS) – Intelligent data syncing tool for connecting and updating information across spreadsheets and business app
7️⃣ Commody (Fintech) – Collectible car marketplace enabling co-ownership and investments for automotive enthusiasts across Europe.
About the FIRSTPICK Accelerator in Lithuania
The FIRSTPICK Accelerator invests between €50K and €250K in each selected startup and provides hands-on support through mentoring, networking, and tailored workshops.
Over the 16-week program, founders gain access to:
- Expert mentorship from experienced founders, operators, and industry leaders
- 1-on-1 support for refining product, pricing, and go-to-market strategies
- Help with hiring and team building
- Introductions to investors, clients, and potential partners across the Baltics and Europe
- Follow-on investment opportunities of up to €1M
The program is designed to help Baltic and CEE founders grow their businesses faster and prepare for global scale.
Mentors Joining FIRSTPICK Accelerator Batch 5
Batch 5 is supported by a diverse network of mentors from SaaS, fintech, analytics, and startup growth, combining experience from the Baltic venture ecosystem and beyond.
- Alex Galkin, Founder & CEO at Competera
- Andrej Vistorskij, Co-Founder & CTO at Ondato
- Andrius Bagdonavičius, Co-Founder & CEO at CTO2B
- Apolinaras Sinkevičius, Principal at Scalability Ventures
- Artūras Baravykas, ex-Head of Strategy and Analytics at Vinted
- Audrius Griškevičius, Co-Founder & CEO at Softloans
- Dmitriy Shchehrykovich, Head of Analytics at Wargaming.net
- Lukas Petrikas, Founder at Mokafund
- Tomas Martūnas, Co-Founder & COO at Whitebridge.ai
- Regimantas Urbanas, CMO at Surfshark
- Andrius Olechnovičius, Startup Sales Coach at Valuemakers
- Domas Urniežius, Co-Founder & CEO at GrowTech
- Vainius Glinskis, Senior FP&A Manager at Savvy
These mentors represent top Baltic and European tech talent, guiding startups on sales strategy, product-market fit, and data-driven scaling.
Join the Baltic Accelerator for Early-Stage Founders
FIRSTPICK invests year-round, not just during accelerator cycles. If you’re building an early-stage startup in the Baltics or Central & Eastern Europe, we’d love to hear from you.
👉 Apply via our application form. We reply to every founder within 48 hours.
You can also meet the FIRSTPICK team at TechChill (Riga), Latitude59 (Tallinn), and Startup Fair (Vilnius), or follow us on LinkedIn for batch updates, events, and founder stories.