Aneli Capital, founded in 2025 in Vilnius, Lithuania, is an early-stage venture capital firm led by Daiva Rakauskaitė, CFA, with partners Nerijus Baliūnas, Jacek Blonski, and Sabina Sinicienė, supporting startups across the Baltics, Poland, and broader Central and Eastern Europe.
With its new €35 million fund, the firm plans to make approximately 20 investments over five years, allocating more than half of the capital to Lithuanian companies. It targets high-growth sectors such as ICT, robotics, energy, space, photonics, smart manufacturing, and AI solutions with proven performance.
“Many investors lean in when a sector becomes fashionable and step back once the hype fades. We don’t work that way. We are going to look beyond hype cycles and focus on companies that build real products, attract paying customers early, and prove their economics. Our goal is to be the partner that stays for the full journey, not just the exciting part at the beginning,” said Daiva Rakauskaitė.
The fund will provide average investments of approximately €1.5 million per company, typically distributed in multiple tranches. In its first year, it plans to support eight startups while managing exits from previous funds.
The new fund saw support from the National Lithuanian Development Bank (ILTE) and a fund of Warsaw-listed Magna Polonia.
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