Šarūnas Šiugžda

LitCapital, Founder & Managing Partner

📍 Lithuania, Lithuania🔄 Updated September 2026💼 11 investments📅 21 years investing🗓 Last invested Mar 2016𝕏 @upgrade_to_unlock
VC🌍 Lithuania
11
Total investments
1
Early stage
1
Mid stage
1
Late stage
21y
Years active

Portfolio

4 investments · sorted by recency
All investments
Early stage
Mid stage
Late stage
Board Member
Apr 2014
Home security and remote control solutions developed and produced in Lithuania, northern Europe. From 2005, ELDES brand is valued by professionals for product quality, customization and flexibility.
Board Member
Oct 2013
LT VCA unites all the main private equity and venture capital market participants in Lithuania by having 64 members covering different types of private equity and venture capital business activities. During 2023 our PE&VC market players invested EUR 111 M into Lithuanian companies. Those investments boost financing of the economy, for small and medium businesses in particular. The LT VCA monitors and helps to improve the regulatory and business environment which is necessary for the healthy functioning of the private capital market in Lithuania. The association also serves as a central platform for representation and promotion of the Lithuanian private equity and venture capital market to institutional investors, policymakers, and the general public on local and global levels. The LT VCA is also the main research and statistics provider on the Lithuanian PE&VC market.
Board Member
Nov 2012
NNL is Group of logistic companies. NORDNET is a temperature-controlled logistics company that has been successfully operating for over a decade and has steadily built a roster of clients including frozen and chilled food suppliers and producers. Nordnet provides transportation, warehousing, picking, labelling, and an array of other logistics services. We are the only company in Lithuania to offer the transportation of fresh fish on ice. Our expert operations are powered by cutting-edge technology and values that each of our team members can relate to. LITCARGO offers professional partial truckload freight and international logistics services throughout Europe. The core of the company's business is to ensure effective transport chain management by delivering our clients and partners the first-class quality service at a competitive price. Litcargo specialises in international temperature-controlled (0–+6°C, –18°C) freight services. The quality of our services is guaranteed by a system based on the cutting-edge technologies, streamlined logistics procedures, and qualified specialists.
Board Member, co-founder
Oct 2012
Lithuanian Financial Markets Institute (LFMI) aims to promote the development of financial markets in Lithuania. LFMI activities are focused on specific Lithuanian financial market problems analysis and solutions based on analysis of good-practice examples and scientific research and active participation in policy debate.
Experience · 14 entries
All (14)
Investments (10)
Founder (3)
Board (10)
2016
Board Member
Mar 2016
Swedish Chamber of Commerce in Lithuania unites Swedish and Swedish capital companies operating in Lithuania and Lithuanian companies with a business interest in Sweden. Mission To promote social and cultural exchange, to facilitate and enhance business relations between Lithuania and Sweden. Vision To become the leading and sustainable network for business development between Lithuanian and Swedish enterprises. Values Commitment | Collaboration | Trust | Respect
2014
Board Member
Apr 2014
Home security and remote control solutions developed and produced in Lithuania, northern Europe. From 2005, ELDES brand is valued by professionals for product quality, customization and flexibility.
2013
Board Member
Oct 2013
LT VCA unites all the main private equity and venture capital market participants in Lithuania by having 64 members covering different types of private equity and venture capital business activities. During 2023 our PE&VC market players invested EUR 111 M into Lithuanian companies. Those investments boost financing of the economy, for small and medium businesses in particular. The LT VCA monitors and helps to improve the regulatory and business environment which is necessary for the healthy functioning of the private capital market in Lithuania. The association also serves as a central platform for representation and promotion of the Lithuanian private equity and venture capital market to institutional investors, policymakers, and the general public on local and global levels. The LT VCA is also the main research and statistics provider on the Lithuanian PE&VC market.
Board Member
Mar 2013
BALTIK VAIRAS – the largest bicycle and e-bikes manufacturer in the North Europe. Operating since 1948, the company exports top-quality bicycles all over Europe. Having manufacturing capacity of 7 lines, produces 1700 different models for more than 50 European private label brands and is able to deliver up to 550 000 bicycles per year. BALTIK VAIRAS production: • Urban bikes (city, folding, cruisers, design, cargo, family), • Cross bikes (ATB, trekking, traveller), • Special-purpose bikes (recumbent, trishaws, rickshaws, velomobiles, tandems, trikes), • Kids and junior bikes, • E-bikes, pedelecs. BALTIK VAIRAS bicycles are exported to 14 different countries: mostly to Germany, Netherlands, Denmark, Switzerland, Austria, Finland, and Sweden. Every bike is designed following the very specific needs of the customer. We use the newest quality-standards, parts and components. And offer a possibility to develop exclusive components. Design & Development is important and recognized competence within BALTIK VAIRAS. Experienced, English and German speaking designers and developers in Lithuania and also in Germany (BV-Cycles GmbH) adjust customers’ needs and orders for the efficient manufacturing. High quality and productivity are achieved by using the most advanced technologies. Each bicycle, e-bike or bicycle part is tested according to the valid EN standards (14764-66, 72:2006, A1:2008, EN 15194). Additional tests are carefully performed at the independent labs. Sourcing and purchasing experts in BALTIK VAIRAS manage a global network of suppliers. Willing to deliver the best service, in 2013 we established a local customer care centre for our German customers – BALTIK VAIRAS CYCLES (BVC) GmbH in Bielefeld. BALTIK VAIRAS is among the founders of EBMA (European Bicycle Manufacturing Association), a member of the German-Baltic Chamber of Commerce.
Board Member
Mar 2013
Welcome to Altechna - a Lithuania-based custom laser optics company with customers in multiple markets across the globe. We develop and provide complex technological solutions and custom designs for laser optics and optomechanical assemblies for serial production of the most powerful lasers in the industry. Our focus is on listening to and understanding your requirements, selecting the best methods for producing quality laser optics, and shipping them in a timely manner. We are happy to be able to serve some of the biggest names in the laser industry while employing more than 120 highly competent professionals. We have accumulated all the necessary know-how to evaluate and complete every order with attention to the finest details. Our in-depth knowledge on dielectric coatings and optical designs allows our industrial customers to reconsider their laser geometries and achieve even higher peak levels of power, or reduce the weight of their commercial products. From development to mass production, the quality and repeatability of each product are assured at our metrology laboratory. So, if your challenge involves anything from femtosecond to continuous-wave technology (CW), we are here to support you with our innovative solutions!
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Investment activity
2005–2016 · 11 investments
20052200612011120122201332014120161
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