Building business champions

BaltCap focuses on building businesses that increase the quality of life in our societies. We are the largest private equity fund manager in the Baltic states.

BaltCap is the largest and most experienced private equity investor in the Baltic states

25+ years

track record


investment strategies


investment professionals


platform investments


capital raised to date



Buy&Build strategy


revenue growth


EBITDA growth



Our buyout fund invests in local market leaders with a buy-and-build objective to create internationally recognised business champions.


Our growth fund invests in fast growing companies with proven and profitable business models.


We target investments contributing to mitigating climate risks. Our primary focus is providing development capital for transport, energy and education infrastructure projects in the Baltics and Poland.


NordicNinja – a joint-venture between BaltCap and Japanese partners focusing on deeptech venture investments in the New Nordics.

DappRadar is the world’s leading portal for decentralized applications (dapps) discovery, analysis and distribution.
Piletilevi Group is the largest ticketing services provider in Estonia, Latvia, Lithuania and Belarus
Tradehouse is the leading beauty products wholesale and retail company in Estonia
Verkter Group operates online shops selling wide assortment of tools, accessories, machinery, and aftermarket parts in Europe.
Ridango is a solution provider for public transport, with a focus on automated fare collection (AFC) and real-time passenger information (RTPI) systems
Realeyes is a leader in computer vision and emotion AI that empowers companies to create remarkable customer experiences.

BaltCap has an open-minded approach combined with a deep knowledge of what practical actions look like. They are experts in the Baltic market with a clear vision and strong ethics.

By teaming up with BaltCap on Magnetic MRO project we gained like-minded business partners who think big, execute creatively, and have zero compromises on business ethics.

BaltCap is well informed about the business and always acts fast and professionally. Communication with BaltCap team is fun both during and outside office hours.

I have been cooperating with BaltCap for over ten years managing three portfolio companies together. They have undeniably one of the best and result-oriented teams in the region.

We were incredibly lucky to have a professional owner like BaltCap. Their experienced team led Unimed to a remarkable growth journey. The strategic backing of BaltCap enabled us to invest in new and existing clinics, and was critical when coping with the Covid-19 crisis.


BaltCap Infrastructure Fund (BInF) is providing a loan of EUR 6 million via its subsidiary Forest Investment to construct…
NordicNinja announced they participated as co-leads with Taavet Hinrikus and Sten Tamkivi in the Series A round of $13 million…
BaltCap portfolio company Ridango acquired a 100% stake in LIT Transit, a Slovenian based firm providing IT solutions for…
BaltCap Infrastructure Fund (BInF) will finance EUR 6 million development of a private school in Vilnius. The school will…
BaltCap Growth Fund (BGF) continues investing in leading specialty retail verticals by providing growth capital to Weekend,…
To actively contribute to decarbonizing the economy and meeting the EU's 2050 climate-neutrality agenda, BaltCap announced…