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BSV Ventures is an early-stage venture capital firm based in Vilnius, Lithuania, that invests in deep tech and life science startups with strong academic ties. The firm operates on a standard 10-plus-one-year fund cycle and sources approximately 80 to 90 percent of its early-stage investment opportunities directly from academic institutions. Its investment thesis focuses heavily on technological sovereignty across the Baltic and Nordic regions, targeting complex sectors such as aerospace, medical technology, artificial intelligence diagnostics, and environmental sustainability. The firm's active portfolio includes emerging technology companies such as Skycorp Technologies, Wayren, Glassity, VitalSigns, and Axiology. BSV Ventures is currently deploying capital from its first fund while actively raising its second investment vehicle to support regional founders from their inception. The venture capital firm was originally founded in 2018 by Sandra Golbreich and Andrius Milinavičius.
Key people at BSV Ventures.
BSV Ventures was formerly known as Baltic Sandbox Ventures, indicating its historical connection and evolution within the Baltic venture ecosystem.
BSV Ventures was formerly known as Baltic Sandbox Ventures, indicating its historical connection and evolution within the Baltic venture ecosystem.
BSV Ventures has 1 tracked investment across 1 company. The latest tracked deal is $5.9M Seed in Axiology in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 4, 2026 | Axiology | $5.9M Seed | Exponential Science | Coinvest Capital, E2vc, NGL, Plug And Play, TIBAS Ventures |
Key people at BSV Ventures.
BSV Ventures is an early-stage venture capital firm that focuses its investments on deep technology and life science solutions. The firm targets R&D-focused individuals and teams engaged in solving complex technical challenges, with a particular emphasis on projects demonstrating significant potential for commercial application.
The investment strategy of BSV Ventures is centered on fostering innovation within the Baltic region, supporting startups that are developing groundbreaking technologies. The firm seeks out ventures that are not only scientifically robust but also have a clear path to market, aiming to bridge the gap between advanced research and successful commercialization.
Operating from its headquarters in Vilnius, Lithuania, BSV Ventures plays a role in the local and regional venture ecosystem. The firm also offers an incubation program, which includes both online and on-site workshops, providing support and guidance to its portfolio companies.
Prior to its current designation, the firm was known as Baltic Sandbox Ventures. This rebranding reflects its continued commitment to identifying and nurturing early-stage companies that are at the forefront of technological and scientific advancement, particularly those with strong academic ties and a focus on technological sovereignty.
