Coinvest Capital
- Company typePrivate
- Founded2018
- HeadquartersVilnius, Lithuania
- Headcount1–10
- GTM typeB2B
- OfferingServices
Coinvest Capital firmographics
Firmographics- Name
- Coinvest Capital
- Legal name
- Kofinansavimas, UAB
- Website
- https://coinvest.lt
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Coinvest Capital industry classification
Industry- Product category
- Venture Capital
- NAICS
- Other Financial Investment Activities (5239), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Venture Capital Fund-of-Funds (FSANAGAC)
- akta.pro secondary industry
- Sovereign Wealth Funds (SWFs) (FSAAAGAD)
Keywords
Where Coinvest Capital is headquartered
LocationHeadquarters
- HQ city
- Vilnius
- HQ country
- Lithuania
- HQ region
- Europe
Offices1 record
Markets served
Coinvest Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Portfolio Returns: Coinvest Capital generates returns through successful exits from portfolio companies. As an evergreen VC fund, they have patient capital and typically exit investments after 5-7 years on average.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Standard Co-investment Model |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Coinvest Capital product offering
Product offeringCore offering
Coinvest Capital is a sector and stage-agnostic sovereign evergreen venture capital fund that invests in startups alongside business angels and other VC funds, with EUR 44.3 million in committed capital. The fund operates two distinct co-investment structures: a globally unique profit-sharing model that caps fund annual returns at 4-6% compound interest with excess returns transferred to accredited private co-investors, and a pari-passu model for equal-term co-investment with other investors in later-stage rounds.
Product overview
Coinvest Capital operates as a sovereign evergreen venture capital fund with EUR 44.3 million committed capital, offering two distinct investment structures: a profit-sharing model uniquely capping fund returns at 4-6% annually with excess returns transferred to accredited co-investors, and a pari-passu model for equal-term co-investment. The fund has invested in 50 portfolio companies across strategic sectors including GreenTech/ClimateTech, Life Sciences/MedTech, DeepTech/AI/Big Data, Space/Aviation, and Defence/Dual-Use technologies, deploying EUR 57 million in combined investments alongside business angels and other VCs.
Differentiator
Problem solved
Functional benefit
Products and services
- Coinvest Capital VC Fund A sector and stage-agnostic evergreen VC fund with EUR 44.3 million committed capital that co-invests in startups alongside business angels and other venture capital funds. The fund targets early-stage Lithuanian startups (and since 2024, EU-based startups creating value for Lithuania) across strategic sectors including GreenTech/ClimateTech, Life Sciences/MedTech, DeepTech/AI/Big Data, Space/Aviation, and Defence/Dual-Use technologies.
- Profit-Sharing Co-Investment Model A unique incentive structure where the fund caps its annual return at 4-6% compound interest for state-aid-qualifying companies (SME, unlisted, less than 5 years old) or 6-8% IRR for non-qualifying companies, with any excess returns above this cap allocated to accredited private co-investors. Designed to encourage business angel co-investment in early-stage startups and to share exit premiums.
- Pari-Passu Co-Investment Model Equal-term co-investment alongside other investors and venture capital funds, targeting later-stage startups and scaleups, operating at terms identical to other participating investors. EUR 19.2 million has been deployed under this model across multiple portfolio companies.
- Portfolio Companies (Investment Portfolio)
Quantifiable outcome
- Invested in 10% of companies applying to the fund
- +1 more outcomes
Companies that use Coinvest Capital
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Coinvest Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Coinvest Capital partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered major and minor.
- Baltic Sandbox VenturesmajorPartnership in organizing Lithuanian defense & dual-use ecosystem events, including NATO summit activities. Co-hosting defence innovation hackathons and startup showcases.
- ScaleWolf VCminorPartner in Lithuanian defence/dual-use ecosystem events and initiatives.
- Tech Park KaunasminorPartner in organizing annual defence innovation hackathons 'Flaming Shield' together with Lithuanian Riflemen's Union.
- Lithuanian Riflemen's UnionminorPartner in defence innovation hackathons and ecosystem events. Many defence startup founders are members of this voluntary organization.
Scale indicators11 records
Recent moves6 records
Expansion highlights5 records
Coinvest Capital competitors and assessment
Company assessmentDirect peers
- LitBAN (Lithuanian Business Angels Network): Lithuania's primary business angel network and Coinvest's most important co-investment syndication partner. LitBAN provides the accredited angel base that Coinvest requires for every deal, making it the most structurally comparable peer — both feed into and rely on the same Lithuanian early-stage deal pipeline.
- Iron Wolf Capital: Lithuanian- and Baltic-focused VC that co-led with Coinvest in PDKINEMATICS and operates a similar early-stage strategy emphasizing defence and dual-use — a directly overlapping mandate, geography, and stage focus.
- Firstpick: Lithuanian early-stage VC that co-invests with Coinvest (e.g., Algori lead, Commody). Competes for the same Lithuanian startup deal flow at similar check sizes; useful comparator for portfolio construction and exit outcomes in the Baltic.
- Baltic Sandbox Ventures: Strategic partner of Coinvest in defence/dual-use ecosystem events (Flaming Shield hackathons, NATO summit showcase). Operates as a Baltic accelerator/VC targeting defence; direct peer in the niche dual-use investment category.
- Practica Capital: One of the most established Baltic VC/PE managers (Estonia/Lithuania), investing across stages — comparable in mandate geography and fund structure to Coinvest's sovereign VC vehicle. Public LP-backed with patient capital.
- Superhero Capital: Finnish early-stage VC that has co-invested with Coinvest (VUGENE EUR 1M round led by Superhero Capital). Comparable seed-stage check sizes, target sectors (DeepTech/AI), and Nordic-Baltic cross-border mandate.
- SmartCap (Estonian state VC fund): Estonia's sovereign VC fund of funds — the most structurally analogous peer to Coinvest as a state-backed VC platform operating at regional level with mandate-driven capital. Highly relevant comparator for sovereign VC economics.
- ScaleWolf VC: Lithuania-focused defence/dual-use VC and direct ecosystem partner of Coinvest (joint events, NATO Vilnius summit programming). Operates in the same defence-tech vertical and Lithuanian geography.
Broad incumbents
- BaltCap: The largest dedicated private equity and venture capital fund manager in the Baltic states; broader mandate (PE + VC across stages), but directly competes for Baltic LP-backed capital and deal-flow quality against Coinvest's sovereign vehicle.
Regional players
- Karma Ventures: Estonia-based VC focused on later-stage Baltic/Nordic startups. Adjacent regional peer competing for Baltic Series A/B capital that Coinvest's pari-passu book also targets, providing a useful comparison for follow-on dynamics in the region.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Coinvest Capital social profiles
Digital presenceCoinvest Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coinvest Capital leadership team
Management profileNumber of profiles
Profiles4 records
Coinvest Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coinvest Capital M&A and investment
M&A and investmentM&A
Investments55 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coinvest Capital
What does Coinvest Capital do?
Coinvest Capital is a sector and stage-agnostic sovereign evergreen venture capital fund that invests in startups alongside business angels and other VC funds, with EUR 44.3 million in committed capital. The fund operates two distinct co-investment structures: a globally unique profit-sharing model that caps fund annual returns at 4-6% compound interest with excess returns transferred to accredited private co-investors, and a pari-passu model for equal-term co-investment with other investors in later-stage rounds.
Is Coinvest Capital a public or private company?
Coinvest Capital is a private company. It is classified as state government owned and is currently operating.
When was Coinvest Capital founded?
Coinvest Capital was founded in 2018. It employs 1 to 10 people.
Where is Coinvest Capital based?
Coinvest Capital is headquartered in Vilnius, Lithuania, in the Europe region.
How does Coinvest Capital make money?
One revenue line is on record: portfolio Returns.
Who are Coinvest Capital's main competitors?
Direct peers on record are LitBAN (Lithuanian Business Angels Network), Iron Wolf Capital, Firstpick, Baltic Sandbox Ventures, Practica Capital, Superhero Capital, SmartCap (Estonian state VC fund) and ScaleWolf VC. BaltCap is listed as a broad incumbent. Karma Ventures is listed as a regional player.
Does Coinvest Capital have an API?
No public API is recorded for Coinvest Capital.
What industry is Coinvest Capital in?
Coinvest Capital's product category is Venture Capital. Its primary akta.pro industry code is FSANAGAC, Venture Capital Fund-of-Funds, with a secondary code of FSAAAGAD, Sovereign Wealth Funds (SWFs). Its NAICS code is 5239 and its SIC code is 6199.