Iron Wolf Capital
Lithuania-based venture capital firm investing in European deep-tech and defense startups; participated in Uforce's $50M seed round.
Iron Wolf Capital is a Vilnius, Lithuania-based venture capital firm founded in 2019, backing founders building deep-tech, AI, and defense/dual-use startups from the Baltic Sea region and its diaspora. It typically leads or co-leads seed-stage rounds with EUR 0.5-2M initial checks, backing 6-8 startups a year. In June 2025 it launched its second fund, targeting EUR100M (EUR30M+ in its first close), backed by Lithuanian state bank ILTE and 40+ European family offices/HNWIs, to back roughly 25 early-stage Baltic deep-tech companies; its EUR21M first fund preceded it. Founding partners are Kasparas Jurgelionis, Viktoras Jucikas, and Zygimantas Susnys. Iron Wolf participated in Onodrim's 2026 EUR40M seed round.
Overview
- Firm
- Iron Wolf Capital
- Headquarters
- Vilnius, Lithuania
- Founded
- 2019
- AUM
- EUR100M target Fund II (EUR30M+ first close, June 2025); EUR21M Fund I
- Stages
- Seed
- Thesis
- Backs founders building deep-tech, AI, and defense/dual-use startups from the Baltic Sea region and its diaspora; leads or co-leads seed-stage rounds with EUR0.5-2M initial checks, roughly 6-8 startups per year.
Portfolio companies3
- CompanyUforceUkraine's first defense-tech unicorn — combat-proven unmanned systems and battlefield C2 software.
- CompanyVegvisirEstonian mixed-reality situational-awareness and command-and-control systems for armored vehicles and unmanned assets.
- CompanyOnodrimAmsterdam-based defense industrial platform helping established European defense/industrial producers scale manufacturing capacity, multi-domain sensing, and networked systems.
Partners0
No linked records yet.
Frequently asked
- What is Iron Wolf Capital?
- Backs founders building deep-tech, AI, and defense/dual-use startups from the Baltic Sea region and its diaspora; leads or co-leads seed-stage rounds with EUR0.5-2M initial checks, roughly 6-8 startups per year.
- How much does Iron Wolf Capital manage?
- Iron Wolf Capital manages EUR100M target Fund II (EUR30M+ first close, June 2025); EUR21M Fund I in assets, and was founded in 2019.
- What stages does Iron Wolf Capital invest at?
- Iron Wolf Capital invests at Seed.
Sources & citations3
Each claim links to its underlying source. Confidence reflects how directly the source supports the claim.
- 1
Iron Wolf Capital is a Vilnius/Baltic-region venture firm backing deep-tech, AI, and defense founders from the Baltic Sea region and diaspora, leading/co-leading seed rounds with EUR0.5-2M checks.
Iron Wolf Capital: European Deep Tech & Defence FundVerified2026-08-05 - 2
Iron Wolf Capital participated in Onodrim's EUR40M seed funding round
EstVCA (relaying Iron Wolf Capital's own statement): Iron Wolf Capital participates in Onodrim's EU40M seed funding roundReported2026-02-13 - 3
Lithuanian VC fund Iron Wolf Capital launched a EUR100M target second fund (EUR30M+ first close) in June 2025 to back ~25 early-stage deep-tech startups across the Baltics
EU-Startups: Lithuanian VC fund Iron Wolf Capital launches EUR100 million fund to target 25 early-stage companies across the BalticsVerified2025-06-03