Iron Wolf Capital Closes €30M for Second Fund, Targets Baltic Deeptech Startups
In June 2025, Vilnius-based Iron Wolf Capital closed over €30 million for its second fund, with a target of €100 million, aiming to become one of the largest deeptech-focused funds in the Baltic region.
The fund is backed by Lithuanian state bank ILTEDealroom has a profile for this one. Try Dealroom → and more than 40 European family offices and high-net-worth individuals. 90% of the firm’s original investors from its €21 million first fund have recommitted.
Founded in 2017, Iron Wolf Capital is known for supporting early-stage Baltic deeptech and AI startups, including Turing CollegeDealroom has a profile for this one. Try Dealroom → and legaltech company AmberloDealroom has a profile for this one. Try Dealroom →. With Fund II, the firm plans to invest €500,000 to €2 million in up to 25 startups, with a broader focus on biotech, energy, spacetech, and AI, while maintaining its commitment to Baltic founders and diaspora entrepreneurs.
Iron Wolf Capital is also increasing its attention to areas such as photonics, medtech, and dual-use technologies. The firm is approaching defence and AI investments with caution, favouring enabling technologies over direct involvement in weapons systems.
Sources:
Sifted
Tech Funding News
Labs of Latvia
LinkedIn Post
J.V.
