Open Circle Capital

VC Vilnius, Lithuania · Founded 2017

Open Circle Capital targets early-stage technology companies in ICT, robotics, and high-tech sectors, with a strong interest in med-tech, life sciences, and deep-tech innovations. They focus on product-building teams with global scalability, typically investing after first revenues.

About Open Circle Capital

Open Circle Capital is a Lithuania-based venture firm, signaled by its .lt website domain, with website, LinkedIn and Crunchbase presence but no disclosed healthcare thesis, sub-vertical focus, AI angle, stage preference or check size in the source data. The Baltic and broader CEE positioning is the most useful signal: Open Circle is most plausibly a regional early-stage investor backing Lithuanian, Latvian, Estonian and adjacent founders, often with EU or government-linked LP capital that brings regional deployment requirements. For healthcare founders, this firm is most relevant if you are based in or expanding into the Baltics or the broader CEE region, or if you are willing to anchor part of your operation locally. Plausible check sizes for a firm of this profile sit in the EUR 250K to EUR 2M range, with capacity to lead small seed rounds and follow on into Series A. Founders best suited are CEE-based digital health, healthcare IT, wellness and B2B SaaS teams targeting European healthcare buyers; therapeutics, regulated devices and diagnostics with global ambition will need complementary specialist capital. US-based founders without a clear European angle are unlikely fits. Entry is best attempted through warm introductions via regional accelerators, LP networks or portfolio founders; LinkedIn outreach to named partners is workable but should lead with a concrete European or Baltic angle. Confirm in a first call whether the fund has any geographic deployment constraints, the dominant LP base, and active healthcare positions in the current portfolio.

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Team

Audrius Milukas
Partner, CEO
LinkedIn
Jens Kristian Damsgaard
Partner
Rokas Tamou0161iu016bnas
Partner
William Cardwell
Partner

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Last updated 2026-05-06. Sourced from this fund's published materials.
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