Tomas Karpavicius

CEO | Board member | Investor | Economist (PhD)

📍 Lithuania🔄 Updated September 2026💼 9 investments📅 5 years investing🗓 Last invested Oct 2024
VC🌍 Lithuania
9
Total investments
5
Early stage
2
Mid stage
1
Late stage
5y
Years active

Portfolio

9 investments · sorted by recency
All investments
Early stage
Mid stage
Late stage
Investor
Oct 2024
Since 2017, Oxipit has been building radiology AI you can trust—tools that analyze chest X-rays, support faster diagnoses, and ease the workload for clinical teams. As imaging volumes rise and pressure on radiology departments grows, our mission is clear: reduce the burden, support precision, and help radiologists focus on what matters most. Oxipits CXR Suite is a certified, powerful portfolio of radiology AI tools designed to streamline chest X-ray diagnostics from start to finish. Trusted by healthcare institutions globally, the CXR Suite brings together three advanced solutions: • ChestLink – the world’s first autonomous AI for normal chest X-rays, safely removing up to 40% of studies from radiologists’ workloads with 99.9% sensitivity. • ChestEye – an on-screen assistant that detects 75 findings, supporting diagnostic quality and day-to-day decision-making. • ChestQuality – a second set of eyes—continuously reviewing reports to support accuracy and catch overlooked findings. No matter where you are in your AI journey, the Oxipit CXR Suite meets you there. Start with the tools that fit your needs today—and scale as your workflow evolves. The future of radiology AI is flexible—and autonomous.
Investor
Feb 2024
Walk15 is a sustainable initiative platform that motivates people to walk more and rewards them for it. We help companies and organizations connect with their employees and communities through walking challenges, making daily movement a driver of health, engagement, environmental, and social responsibility efforts. We design and manage custom walking challenges tailored to each organization’s goals – no setup required on your side. Participants track their steps and exchange them for rewards through the in-app Step Wallet. It’s a simple, scalable way to inspire movement with measurable impact. Whether youre looking to boost team well-being, strengthen your ESG story, or promote healthier habits at scale, Walk15 is your partner in purposeful movement.
Investor
Feb 2024
CyberUpgrade offers an advanced cybersecurity compliance platform for financial institutions, focusing on DORA while also supporting a range of other industry frameworks. Our platform simplifies compliance with predefined and customizable workflows that eliminate manual tasks. Employees are engaged in real-time compliance checks and evidence gathering via our chatbot on Slack or Teams, reducing bottlenecks and streamlining the process. Compliance evidence is automatically stored in a central location, making audits faster and always regulator-ready. Features like data extraction, risk assessment, vulnerability scanning, penetration testing, and continuous monitoring ensure businesses stay secure and compliant. We also provide business continuity planning and awareness training to strengthen security posture. CyberUpgrade includes fractional CISO services, offering expert guidance and strategic leadership to help organizations navigate complex compliance and risk management challenges. With fully guided DORA implementation, compliance analysis, and robust risk management workflows, our platform empowers financial institutions to reduce compliance workloads by up to 80% and save over 60K EUR, ensuring efficient and secure operations.
Investor
Feb 2024
Axiology is a provider of capital market infrastructure. We develop solutions for the issuance, custody, settlement, and trading of tokenised fixed-income instruments. Our systems are designed to meet the demands of a rapidly evolving financial ecosystem while ensuring regulatory compliance under the EU DLT Pilot Regime. Our solutions include: Axiology Custody & Settlement Secure custody and real-time settlement of digital securities – on-chain and fully compliant. Our DLT-native infrastructure eliminates post-trade delays, unlocks instant settlement, and bridges legacy and digital systems seamlessly. Axiology Mini-Bonds for Crowdfunding A fixed-income issuance tool for crowdfunding platforms and SMEs. Register tokenised mini-bonds, manage them efficiently, and deliver digital securities accounts for each investor from day one. Axiology Broker A neobrokerage solution for EMIs and other market participants. Enable tokenised investment services through your own interface — with integrated onboarding and regulatory compliance, no investment firm licence required. Axiology Exchange A regulated secondary market for tokenised fixed-income instruments. Connect institutional participants and broker networks in a transparent, liquid trading environment tailored for digital assets.
early stageCapital Markets
Investor
Jan 2024
Gen Z’s favorite way to pay together. One virtual card that pays and splits at the same time, no one fronts the money, no awkward chases, just instant, real-time splits. Cino is pioneering shared payments, everywhere. Seamlessly pay together across different banks and countries—the first truly pan-European solution. Built for the way we live, travel, and socialize today. #1 solution for couples, friend groups and roommates.
Investor
Oct 2023
Helping you design better products, 10x faster.
Board Member
Dec 2021
The goal of the organization is to build economic, financial, investment and cultural bridges between, at first sight, such distant and different, but at the same time such similar countries as the Asian tiger Singapore and the Baltic tiger Lithuania. We provide investment, legal and tax consultations, market analysis, business evaluation, sales organization, search and establishment of business and cultural contacts, establishment of legal entities, organization of business delegations.
Board Member
Nov 2021
We are venture capital fund. We have 25M Eur fund. We are interested in tech and AI. We have just started the fund (2021), so we are hungry. Our team consists of academics and entrepreneurs scattered around the world. We believe that with the help of AI, we can overcome the problems that plague humanity. We mainly work within the EU. We are a privately funded fund. We are most interested in startups in the pre - seed and seed stages.
Experience · 11 entries
All (11)
Investments (9)
Founder (2)
Board (3)
2024
Investor
Oct 2024
Since 2017, Oxipit has been building radiology AI you can trust—tools that analyze chest X-rays, support faster diagnoses, and ease the workload for clinical teams. As imaging volumes rise and pressure on radiology departments grows, our mission is clear: reduce the burden, support precision, and help radiologists focus on what matters most. Oxipits CXR Suite is a certified, powerful portfolio of radiology AI tools designed to streamline chest X-ray diagnostics from start to finish. Trusted by healthcare institutions globally, the CXR Suite brings together three advanced solutions: • ChestLink – the world’s first autonomous AI for normal chest X-rays, safely removing up to 40% of studies from radiologists’ workloads with 99.9% sensitivity. • ChestEye – an on-screen assistant that detects 75 findings, supporting diagnostic quality and day-to-day decision-making. • ChestQuality – a second set of eyes—continuously reviewing reports to support accuracy and catch overlooked findings. No matter where you are in your AI journey, the Oxipit CXR Suite meets you there. Start with the tools that fit your needs today—and scale as your workflow evolves. The future of radiology AI is flexible—and autonomous.
Investor
Feb 2024
Walk15 is a sustainable initiative platform that motivates people to walk more and rewards them for it. We help companies and organizations connect with their employees and communities through walking challenges, making daily movement a driver of health, engagement, environmental, and social responsibility efforts. We design and manage custom walking challenges tailored to each organization’s goals – no setup required on your side. Participants track their steps and exchange them for rewards through the in-app Step Wallet. It’s a simple, scalable way to inspire movement with measurable impact. Whether youre looking to boost team well-being, strengthen your ESG story, or promote healthier habits at scale, Walk15 is your partner in purposeful movement.
Investor
Feb 2024
CyberUpgrade offers an advanced cybersecurity compliance platform for financial institutions, focusing on DORA while also supporting a range of other industry frameworks. Our platform simplifies compliance with predefined and customizable workflows that eliminate manual tasks. Employees are engaged in real-time compliance checks and evidence gathering via our chatbot on Slack or Teams, reducing bottlenecks and streamlining the process. Compliance evidence is automatically stored in a central location, making audits faster and always regulator-ready. Features like data extraction, risk assessment, vulnerability scanning, penetration testing, and continuous monitoring ensure businesses stay secure and compliant. We also provide business continuity planning and awareness training to strengthen security posture. CyberUpgrade includes fractional CISO services, offering expert guidance and strategic leadership to help organizations navigate complex compliance and risk management challenges. With fully guided DORA implementation, compliance analysis, and robust risk management workflows, our platform empowers financial institutions to reduce compliance workloads by up to 80% and save over 60K EUR, ensuring efficient and secure operations.
Investor
Feb 2024
Axiology is a provider of capital market infrastructure. We develop solutions for the issuance, custody, settlement, and trading of tokenised fixed-income instruments. Our systems are designed to meet the demands of a rapidly evolving financial ecosystem while ensuring regulatory compliance under the EU DLT Pilot Regime. Our solutions include: Axiology Custody & Settlement Secure custody and real-time settlement of digital securities – on-chain and fully compliant. Our DLT-native infrastructure eliminates post-trade delays, unlocks instant settlement, and bridges legacy and digital systems seamlessly. Axiology Mini-Bonds for Crowdfunding A fixed-income issuance tool for crowdfunding platforms and SMEs. Register tokenised mini-bonds, manage them efficiently, and deliver digital securities accounts for each investor from day one. Axiology Broker A neobrokerage solution for EMIs and other market participants. Enable tokenised investment services through your own interface — with integrated onboarding and regulatory compliance, no investment firm licence required. Axiology Exchange A regulated secondary market for tokenised fixed-income instruments. Connect institutional participants and broker networks in a transparent, liquid trading environment tailored for digital assets.
early stageCapital Markets
Investor
Jan 2024
Gen Z’s favorite way to pay together. One virtual card that pays and splits at the same time, no one fronts the money, no awkward chases, just instant, real-time splits. Cino is pioneering shared payments, everywhere. Seamlessly pay together across different banks and countries—the first truly pan-European solution. Built for the way we live, travel, and socialize today. #1 solution for couples, friend groups and roommates.
Show all 11 entries ↓
Investment activity
2021–2024 · 9 investments
202122023220245
Recent (last 2 years)Earlier