FIRSTPICK is a Vilnius-based venture capital investor backing Baltic technology founders from inception and pre-seed. It is a generalist investor with a strong focus on AI-enabled software, offering initial investments of EUR100,000–500,000 and follow-on capacity up to EUR1 million. Its funds combine financing with acceleration, practical operating support and a community of founders and experienced operators, helping young companies validate their products, find customers and prepare for later funding.
The regulated legal manager is UAB FIRSTPICK Management, Lithuanian company code305005965, authorised by the Bank of Lithuania since May25,2020; the FIRSTPICK brand launched in November2022. The current public team comprises seven named staff. Earlier team member Jokūbas Vaičiulis has left, confirmed by the manager’s own farewell announcement; his existing affiliation is retained as historical. The regulator identifies four FIRSTPICK limited-partnership vehicles (ACCEL FUND/SEED FUND and their second vintages) and two managed predecessor Wise Guys vehicles, without establishing identical ownership of other Startup Wise Guys funds. The first EUR20M and second EUR25M programmes are published launch sizes, not independently verified final cash closes or amounts attributable in full to each legal vehicle. ILTE’s Lithuanian March2026 announcement specifies EUR9.3M contracted public allocation (rounded to9M in the English/manager announcements); the August2026 report confirms nearly4M deployed across seven companies, not new LP fundraising. Neuroscience portfolio relationships include Samphire Neuroscience and Psylink. Current software and deeptech holdings span AI agents, biometrics, cybersecurity and robotic sorting. Investment-policy ranges and portfolio-company aggregate revenues do not establish actual investor tickets, realised returns or regulatory clearance of medical products.
Founded
2022
Type
Venture capital
Funds7
FIRSTPICK second early-stage programme (launch aggregate)—
Second early-stage fund, announced as a EUR25 million launch on March4,2026, backing Baltic founders at inception and pre-seed with a strong focus on AI-enabled software. ILTE announced a EUR9 million commitment; private backers include founders, angels and entrepreneurs. Announcement describes a launch rather than a separately verified final close.
Source qualification: the original record titled FIRSTPICK second early-stage fund is retained as a programme-level March4,2026 launch announcement, not a separately established legal fund or closed EUR25M cash raise. The regulator separately identifies ACCEL FUND II and SEED FUND II. ILTE’s Lithuanian March5 notice specifies a signed EUR9.3M allocation (rounded9M in English), while private investors will help form the25M programme. The exact amount sold/paid and final closing day are not established, so structured amount is NULL and the preserved March4 date means launch announcement, not cash closing. Programme size is not repeated on the individual legal vehicles.
KŪB FIRSTPICK ACCEL FUND——
Lithuanian limited-partnership collective investment undertaking for informed investors, regulator code I178, managed by UAB FIRSTPICK Management, company code305005965. The Bank of Lithuania directly names this legal vehicle and records first regulatory approval 2023-03-30. This is a permission date, not an inferred cash-raising announcement or fund close. FIRSTPICK’s published20M first and25M second programme sizes are not allocated in full to each accelerator/seed legal vehicle. No exact cash subscriptions sold, commitments allocated to this particular vehicle, individual portfolio allocations or final-close date have been established; structured amount/date remain NULL.
KŪB FIRSTPICK ACCEL FUND II——
Lithuanian limited-partnership collective investment undertaking for informed investors, regulator code I266, managed by UAB FIRSTPICK Management, company code305005965. The Bank of Lithuania directly names this legal vehicle and records first regulatory approval 2026-02-18. This is a permission date, not an inferred cash-raising announcement or fund close. FIRSTPICK’s published20M first and25M second programme sizes are not allocated in full to each accelerator/seed legal vehicle. No exact cash subscriptions sold, commitments allocated to this particular vehicle, individual portfolio allocations or final-close date have been established; structured amount/date remain NULL.
KŪB FIRSTPICK SEED FUND——
Lithuanian limited-partnership collective investment undertaking for informed investors, regulator code I179, managed by UAB FIRSTPICK Management, company code305005965. The Bank of Lithuania directly names this legal vehicle and records first regulatory approval 2023-03-30. This is a permission date, not an inferred cash-raising announcement or fund close. FIRSTPICK’s published20M first and25M second programme sizes are not allocated in full to each accelerator/seed legal vehicle. No exact cash subscriptions sold, commitments allocated to this particular vehicle, individual portfolio allocations or final-close date have been established; structured amount/date remain NULL.
KŪB FIRSTPICK SEED FUND II——
Lithuanian limited-partnership collective investment undertaking for informed investors, regulator code I267, managed by UAB FIRSTPICK Management, company code305005965. The Bank of Lithuania directly names this legal vehicle and records first regulatory approval 2026-02-18. This is a permission date, not an inferred cash-raising announcement or fund close. FIRSTPICK’s published20M first and25M second programme sizes are not allocated in full to each accelerator/seed legal vehicle. No exact cash subscriptions sold, commitments allocated to this particular vehicle, individual portfolio allocations or final-close date have been established; structured amount/date remain NULL.
Wise Guys Pre-Seed Fund I——
Lithuanian limited-partnership collective investment undertaking for informed investors, regulator code I113, managed by UAB FIRSTPICK Management, company code305005965. The Bank of Lithuania directly names this legal vehicle and records first regulatory approval 2020-06-15. This is a permission date, not an inferred cash-raising announcement or fund close. This is a predecessor-branded vehicle managed by the same regulated company; no other Startup Wise Guys entities are merged or their portfolio attributed to FIRSTPICK. No exact cash subscriptions sold, commitments allocated to this particular vehicle, individual portfolio allocations or final-close date have been established; structured amount/date remain NULL.
Wise Guys Seed Fund I——
Lithuanian limited-partnership collective investment undertaking for informed investors, regulator code I112, managed by UAB FIRSTPICK Management, company code305005965. The Bank of Lithuania directly names this legal vehicle and records first regulatory approval 2020-06-15. This is a permission date, not an inferred cash-raising announcement or fund close. This is a predecessor-branded vehicle managed by the same regulated company; no other Startup Wise Guys entities are merged or their portfolio attributed to FIRSTPICK. No exact cash subscriptions sold, commitments allocated to this particular vehicle, individual portfolio allocations or final-close date have been established; structured amount/date remain NULL.