FIRSTPICK has announced the closing of its second fund, with a budget of €25 million, intended to support startup founders in the Baltic countries. This new fund will focus on pre-seed investments, filling a gap in early-stage funding for innovative businesses in the region.

Previous Investments

An example of FIRSTPICK's approach is the investment in Samphire Neuroscience in 2021. At the time, the company was still developing its first product, a neurotechnology wearable for menstrual pain treatment. Despite the perceived high risk, FIRSTPICK believed in the potential of the company and its founder.

Market Context

The venture capital market is constantly evolving, with increasing attention towards startups developing innovative solutions in various sectors. Funds like FIRSTPICK play a crucial role in providing the initial capital needed to turn ideas into reality and support the growth of emerging companies.