BaltCap Invests in Two Lithuanian Companies (CEE and CIS)
BaltCap, a private equity and venture capital firm focused on the Baltic States, has invested in two Lithuanian companies through its Lithuania SME Fund. The Lithuania SME Fund is part of the European Investment Fund’s JEREMIE initiative, which aims to provide funding to small- and medium-size enterprises in Europe. BaltCap acquired stakes in YP MobileWorks, a mobile commerce platform, and Seimos Medicinos Klinika, an operator of primary care and family doctor clinics. Financial details of both investments were not disclosed.