We are pleased to announce the launch of our deep tech fund, focused on Europe 🇪🇺 - with a particular emphasis on Lithuania and the Baltics 🇪🇪 🇱🇻 🇱🇹 We are grateful for the support of our investors and partners, who share our vision for supporting founders working on the most cutting-edge challenges in deep tech domains. To those founders, we extend an invitation to reach out to us via our website: 👉 https://lnkd.in/dVDcHaQs Happy to discuss the potential for collaboration and investment for teams solving interesting, compelling challenges. We believe that by working together, we can create a thriving ecosystem of deep tech innovation in the region. As we continue to develop our fund and support the growth of the ecosystem, we encourage interested parties from investors and angels, to R&D teams and academic institutions, to reach out and learn more about how to participate in the development of deep tech. Together, we can drive progress and lead the way in some of the most exciting and transformative technologies of our time. To learn more about Baltic Sandbox Ventures, check out: https://lnkd.in/gpfF-CJc (h/t Zosia Wanat via Sifted)
BSV Ventures
Venture Capital and Private Equity Principals
Vilnius, Vilnius County 2,633 followers
Fostering the Baltic Deep Tech, Life Science, and Dual-use Technologies Ecosystem
About us
In BSV Ventures (formerly known as Baltic Sandbox Ventures), we invest in early-stage R&D-focused individuals and teams solving complex technical challenges with large potential for commercial application.
- Website
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https://bsv.ventures/
External link for BSV Ventures
- Industry
- Venture Capital and Private Equity Principals
- Company size
- 2-10 employees
- Headquarters
- Vilnius, Vilnius County
- Type
- Privately Held
- Specialties
- VC, Deep Tech, Life Science, and Early stage
Locations
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Primary
Gynėjų g 14
Vilnius, Vilnius County 01109, LT
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Saulėtekio al 15
Vilnius, Vilnius County, LT
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Rotermanni 6
Tallinn, Harju County 10151, EE
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Lapinlahdenkatu 16
Helsinki, Uusimaa 00180, FI
Employees at BSV Ventures
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Walid O. El Cheikh
Venture Partner at BSV Ventures. Startup Mentor. Pitching and Public Speaking Coach.
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Simonas Bielskis
CEO | Concretus Group | YPO | EMBA
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🧙♂️ Erik Bhullar
Investing in Deep Tech | GP at BSV Ventures (previously: Baltic Sandbox Ventures)
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Janiina Lammi
Venture Partner at BSV Ventures, Senior Advisor, Venture Capital at Helsinki Partners & Published Author
Updates
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It’s been a long year—366 days, to be exact—but one full of milestones worth celebrating! 🦄 As we reflect on 2024, we’re grateful for the extraordinary achievements made possible by our startups, co-investors, and partners. Together, we’ve built momentum in deep tech, dual-use, and life sciences, laying the groundwork for even greater things in 2025. Here are a few highlights from the year: 🔹 Closed our €15M fund with support from incredible LPs like NATO Innovation Fund (NIF) and ILTE Lietuva. 🔹 Facilitated 300+ hours of workshops, empowering innovators to take their ideas further. 🔹 Celebrated success with our co-investors: Coinvest Capital, Lithuanian Business Angel Network LitBAN, Finnish Business Angels Network (FiBAN), DEPO Ventures, Iron Wolf Capital, Lemonade Stand, Estonian Business Angels Network (EstBAN) and many, many more. But the real applause goes to the stars of this story—our portfolio companies. Their ingenuity, persistence, and vision have shaped the ecosystem we’re building together. We're consistently inspired by their mission to shift the world, in their own way, to a better future. These amazing teams include: Axiology BrachyDOSE SKYCORP Technologies Mapping Soil Blackswan Space mathos airvolve-aero Biohifas Repsense WeSky AKO Technical Trashify Tech CGenetix Freya Cultivation Systems KaiSense Glassity Rare Earth Europe SeqVision Wayren Yield Systems VitalSigns Oy ...and many more - some in stealth, some in closing; and for all of them we're excited to see what they'll achieve in 2025! Every milestone reflects progress in creating transformative technologies and solutions that will define the future. Let's take a moment to celebrate how these teams are (re)shaping industries and innovating at the bleeding edge of their domains. We couldn’t have done this without you—our partners, co-investors, and supporters. Thank you for being part of this journey in backing a thriving Deep Tech, Dual-Use and Life Science ecosystem. Here’s to another groundbreaking year ahead! 🥂 Stay tuned—we’ve got even more to share in 2025. Let’s keep building! 🚀
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We are happy and proud of BrachyDOSE, our portfolio gem!
Very proud to become "The Startup of the Year 2024" 🏆 🎉 🌟 For us it's a huge encouragement to move forward and next year to come back at category "startup generating significant revenue" 🤩 Especially grateful for Kaunas startup environment for accepting us in "Kaunas innovators galaxy" 6 years ago Community Tech-Park Kaunas Tech-Park Kaunas Kaunas IN knows the best how to make closing of the year special, musical and festive 🙌 #KaunoStartuoliai #Inovacijos #EkosistemosHerojai #StartuoliųApdovanojimai2024 #kaunas
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🚀 Unlocking the Full Potential of Life Sciences 🌱 The true power of Life Sciences goes beyond the lab. It’s about transforming groundbreaking research and discoveries into products, devices, and innovations that can improve lives around the world. While the work happening in labs is essential, it’s time to step out of the research space and focus on how we can bring these scientific breakthroughs to life in a way that benefits society. 🔬 Let’s brainstorm, innovate, and collaborate to turn knowledge into impactful solutions! Join us on December 2nd for an exciting event with International Conference The COINS and Vilnius University Faculty of Medicine. Together, we’ll explore how Life Sciences can be commercialized and drive real-world change. Stay tuned for more details! 🌍 More information 📲 https://lnkd.in/dGqiDHR7
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🌟 A Warm Welcome to Janiina Lammi at BSV Ventures! 🌟 We’re thrilled to announce that Janiina Lammi has joined BSV Ventures as a Venture Partner! Janiina’s exceptional journey, diverse expertise, and passion for innovation make her an extraordinary addition to our mission of empowering founders to transform the world. Janiina is a force of nature in the entrepreneurial ecosystem. A startup founder turned investor, she brings a wealth of experience in strategic marketing and communications, having held roles as a CMO, marketing lead, and most recently, as an Investment Director at Vendep Capital. From scaling startups to steering listed companies, Janiina has done it all. In addition to her role at BSV Ventures, Janiina serves as a Senior Advisor for Strategic Initiatives at Helsinki Partners, further strengthening her connections across the Nordic ecosystem. Her impact goes beyond business. An avid mountaineer and a published author, Janiina embodies resilience, creativity, and determination – all qualities that align perfectly with BSV Ventures’ spirit. Based in Helsinki, she will also play a critical role in expanding our presence in the Finnish and Nordic ecosystems. As Sandra Golbreich, General Partner at BSV Ventures put it: "Welcoming Janiina to BSV Ventures is a proud moment for us. Her incredible journey as an investor, mountaineer, and author showcases a rare combination of determination, creativity, and resilience. Whether scaling mountains or guiding founders, Janiina tackles every challenge with strength and vision. We couldn’t be happier to have her on our team." Janiina shared her excitement for this new chapter: "I am driven by passion and purpose. The founders in BSV Ventures' portfolio are making the world a better, more sustainable, and safer place for future generations. In my new role, I can support them in achieving these ambitious visions. Based in Helsinki, my role strengthens BSV Ventures' foothold in the Finnish and Nordic ecosystem. I am incredibly excited to join this journey with team BSV Ventures!" Janiina, welcome to the team! We’re excited to scale new heights with you—both figuratively and literally.
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Staying the same might feel safe, but it’s the risks you take that shape your future. Six years ago, when we launched Baltic Sandbox, we had a vision: to create a local “sandbox” by the Baltic Sea – a place for founders to play, experiment, and get their first footing in the startup world. Our logo, with its little grains of sand, represented those early steps, each grain symbolizing the building blocks of new ideas and fresh energy. We’ve loved every bit of that identity. Over time, Baltic Sandbox birthed a new organisation: Baltic Sandbox Ventures, following our growth from an accelerator to a fund that backs ambitious founders. As we’ve evolved, so has our mission. We realized it was time to step beyond the Sandbox and embrace a new name that reflects who we’ve become. Imagine chasing the impossible — not because it’s easy, but because it’s the only path worth taking. BSV Ventures, once Baltic Sandbox Ventures, has transformed its name and vision to reflect just that. Inspired by the ancient challenge of “squaring the circle,” an ancient math puzzle where people tried to make a perfect square with the same area as a given circle using only a ruler and compass — a problem proven to be impossible, yet it symbolizes the daring pursuit of what seems unachievable. BSV Ventures is here for the dreamers and doers who don’t wait for permission to redefine what's possible. One of the many things that the acronym "BSV" stands for is the moment when the fund invests in innovators pushing the edge of science and technology: *Beyond Scientific Validation*. BSV Ventures invests in innovations from bold scientific visionaries, building on scalable breakthroughs that reshape the future — and are here to support their journey. The Baltic Sandbox name will remain close to home, living on with the Lithuanian accelerator, where a dedicated team runs incubation and pre-acceleration programs for early-stage founders right here on our shores. As for our fund, from now on, we’re BSV Ventures. With this new name, we’re opening a new chapter. There’s much more to share – stay tuned for exciting announcements this week!
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🌟 We did it! Three days at the Deep Tech CEE Summit & Challenge CEE Summit 2024 in Warsaw, and what an experience! 🌟 Our team is just back from two inspiring days in Warsaw, where the energy around deep tech and innovation was off the charts! This year’s Summit wasn’t just an event; it felt like a glimpse into the future of Central and Eastern Europe, powered by some of the brightest minds in tech. When our General Partner, Sandra Golbreich, took the stage to talk “Dual-Use Potential,” the room was captivated. She shared our latest market insights, painting a picture of how technologies like AI, cybersecurity, and advanced materials aren’t just transforming industries, they’re fortifying national security too. The investment potential she highlighted left founders and investors buzzing. On day three, it was time for our Venture Partner, Walid O. El Cheikh, to dive into “The Entrepreneurial Mindset.” He brought a message that resonated with every deep tech founder in the room: innovation needs business instincts to thrive. Walid’s insights, drawn from his global coaching experience, left the crowd motivated and ready to build. Beyond the talks, our analysts, Eglė Jašinskaitė and Jokubas Karnauskas, were in full networking mode, meeting founders, investors, and tech enthusiasts from across the region. They came back energized, inspired by the potential collaborations ahead, and grateful for all the new connections made. Thank you to everyone who made this Summit unforgettable. Here’s to a future filled with groundbreaking deep tech ventures, bold partnerships, and collective progress! Until next time! 🚀 #deeptech #ceesummit #DeepTechCEESummit
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🚀 Proud to spotlight our portfolio company, Axiology! ✨ In today’s complex financial world, Axiology is on a mission to make capital markets straightforward and accessible to all. They’re building a regulated DLT-based trading and settlement system that’s set to transform financial markets. What sets Axiology apart? They’re rewriting the rules with Distributed Ledger Technology (DLT), making financial systems not only transparent but cost-effective — lowering admission and transaction fees to open doors for more participants. As one of the few teams fully licensed under the EU DLT Pilot Regime, they’re pushing boundaries to democratize access to markets and drive economic growth. Curious to see how they’re shaping the future of finance? 🎥 👇 Check out their video to learn more! #DLT #FinanceInnovation #PortfolioCompany #Axiology #CapitalMarkets #FinancialTransparency
🌟 Meet Axiology! 🌟 — as introduced by our CEO and co-founder Marius Jurgilas. We are a pioneering financial market infrastructure designed for regulated securities. The innovative approach is poised to disrupt the EU fixed-income market, creating new opportunities for efficiency and transparency. 🔗 Join us on this journey to reshape the capital markets landscape!
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Ever wondered what it takes to turn a big idea into technology that could save lives? Meet SKYCORP Technologies, a Baltic Sandbox Ventures portfolio startup that’s on a mission to revolutionize the skies — one hydrogen-powered drone at a time. SKYCORP Technologies is redefining what drones can do with hydrogen power for longer, greener, and more impactful missions. From emergency response to critical infrastructure, SKYCORP’s drones operate where others can’t, led by a team whose journey from battlebots to drones is as innovative as their tech. Check out this article to learn more about their mission and vision for a cleaner, safer future! 🌍🚁 #TechInnovation #HydrogenDrones #EmergencyResponse #SustainableAviation #DroneTech #ClimateAction #SKYCORP #BalticSandboxVentures
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In less than a week, our team will be heading to Warsaw for the Deep Tech CEE Summit & Challenge CEE Summit 2024, a gathering that promises to spark some of the most important conversations around innovation in Central and Eastern Europe. 🚀 On October 28th at 17:20, our General Partner, Sandra Golbreich, will share insights on "Dual-Use Potential: Insights and Opportunities from the Latest Market Report." What does that mean for our region? Think about technologies like AI, cybersecurity, and advanced materials — not just transforming industries but also reinforcing national security. Sandra will dive deep into the data from our latest report, highlighting the investment opportunities and how startups can navigate both the commercial and defense worlds. Then, on October 30th at 14:00, our Venture Partner, Walid O. El Cheikh, will take the stage for "The Entrepreneurial Mindset for Deep Tech Founders." It’s a must for anyone looking to turn groundbreaking research into thriving Deep Tech ventures. Walid will break down the core business instincts needed to succeed, with insights drawn from his global experience coaching startups. But we’re not just attending to speak. We’re here to connect. 🤝 Our analysts, Eglė Jašinskaitė and Jokubas Karnauskas, will be on the lookout for new collaborations and partnerships. Whether you’re a startup, investor, or deep tech enthusiast, we’d love to chat and explore how we can innovate together. If you’re attending, let’s meet and shape the future of deep tech! 👋 #deeptech #ceesummit #DeepTechCEESummit