INVESTOR / DATA TO 30 SEPTEMBER 2026
NGL
8 venture rounds in the first 9 months of 2026, at 8 companies in 1 country.
NGL is an investor headquartered in Lithuania.
The scope is Central and Eastern Europe: every venture round since January 2024 at startups from the ten CEE countries our funding reports cover, in which public sources name NGL as an investor. Rounds we have seen outside CEE are listed separately, under the table. It is built from the same record as our quarterly funding reports, and updated with them.
At a glance
SHOW DATA
| Row | Pre-seed | Seed | Series A | Growth | Total |
|---|---|---|---|---|---|
| 2024 | 2 | 4 | 0 | 0 | 6 |
| 2025 | 1 | 5 | 0 | 0 | 6 |
| 9M 2026 | 2 | 5 | 1 | 0 | 8 |
9M 2026 runs to 30 September 2026.
| Investor | Rounds together |
|---|---|
| Coinvest capital | 11 |
| FIRSTPICK | 6 |
| Iron Wolf Capital | 4 |
| Superhero Capital | 4 |
| Plug and Play | 3 |
| BADideas.fund | 2 |
| Lemonade Stand | 2 |
| ScaleWolf | 2 |
| Specialist VC | 2 |
Investors in two or more of the same rounds.
Countries and sectors
A company counts where it is headquartered, or where it started if it later moved abroad.
| Country | Rounds | Share |
|---|---|---|
| Lithuania | 20 | 100% |
SHOW DATA
| Row | 2024 | 2025 | 9M 2026 |
|---|---|---|---|
| Defence and security | 3 | 2 | 4 |
| AI | 1 | 1 | 5 |
| Hardware and robotics | 1 | 2 | 3 |
| Health and bio | 2 | 2 | 0 |
| Enterprise software | 1 | 1 | 1 |
| Energy and climate | 0 | 1 | 1 |
| Fintech | 0 | 0 | 1 |
| Mobility and logistics | 1 | 0 | 0 |
| Marketing and media | 0 | 0 | 1 |
| Other | 0 | 0 | 1 |
A company can sit in several sectors, so sector counts overlap. Other: no sector on record.
Every round on record
Newest first. NGL led 2 of them. Each company links to the announcement of the round.
| Company | Country | Month | Stage | Round size | Led | Co-investors |
|---|---|---|---|---|---|---|
| Blackswan Space | Lithuania | Sep 2026 | Seed | €2.6m | Iron Wolf Capital, Lemonade Stand | |
| Broswarm | Lithuania | Aug 2026 | Pre-seed | €0.4m | Yes | - |
| PD Kinematics | Lithuania | Jun 2026 | Seed | €2.0m | Iron Wolf Capital, Coinvest capital | |
| Buck4Bug | Lithuania | Mar 2026 | Pre-seed | €0.4m | Plug and Play, Obeliai Group | |
| WhiteBridge | Lithuania | Mar 2026 | Seed | €2.5m | Plug & Play, BADideas.fund, FIRSTPICK, ScaleWolf, First Degree, Vectolabs | |
| Axiology | Lithuania | Feb 2026 | Seed | €5.0m | Plug and Play, Coinvest capital, BSV Ventures, TIBAS Ventures, e2vc, Exponential Science | |
| Copla | Lithuania | Feb 2026 | Series A | €6.0m | Superhero Capital, Iron Wolf Capital, Specialist VC, Operator Stack Fund, FIRSTPICK, Loggerhead Ventures | |
| Tingit | Lithuania | Feb 2026 | Seed | €1.5m | Coinvest capital, BADideas.fund, FIRSTPICK, HEARTFELT_, PurposeTech | |
| Self.Co | Lithuania | Nov 2025 | Seed | €1.2m | Iron Wolf Capital, Coinvest capital | |
| Luna Robotics | Lithuania | Oct 2025 | Seed | €1.1m | Plug and Play, Latvian Business Angel Network, Coinvest capital, ScaleWolf | |
| Astrolight | Lithuania | May 2025 | Seed | €2.8m | Coinvest capital, Rita Sakus, Export and Investment Fund of Denmark, Balnord | |
| Sort A Brick | Lithuania | May 2025 | Pre-seed | €0.3m | Yes | FIRSTPICK |
| VUGENE | Lithuania | May 2025 | Seed | €1.0m | Superhero Capital, Coinvest capital | |
| Walk15 | Lithuania | Mar 2025 | Seed | Undisclosed | Coinvest capital | |
| Copla | Lithuania | Nov 2024 | Seed | €2.5m | Superhero Capital, Specialist VC, FIRSTPICK | |
| Ligence | Lithuania | Nov 2024 | Seed | €3.0m | Simpact VC, Coinvest capital, Lemonade Stand, EIC Fund | |
| AISPECO | Lithuania | Sep 2024 | Seed | €1.4m | Superhero Capital, Innovestor | |
| Copla | Lithuania | Feb 2024 | Pre-seed | €0.7m | FIRSTPICK | |
| Walk15 | Lithuania | Feb 2024 | Seed | €1.0m | Coinvest capital | |
| MELP | Lithuania | Jan 2024 | Pre-seed | €0.6m | Coinvest capital |
Exits
Companies NGL backed that were sold or listed, or where a new investor bought out the earlier ones. Each links to its announcement.
No exits on record.
How this list is made
- A round is listed when a company, investor or press announcement, or a startup database, names NGL among its investors. Each listed round links to its announcement where one is on record.
- Amounts are the size of the whole round, not the part NGL invested. Amounts are in euros, converted at about 1.10 US dollars to the euro.
- Stages follow the funding reports: the label the company announced, placed by size where the label clearly does not fit.
- Rounds that were never announced, or that do not name their investors, are not here, so the list is a floor.
The whole market: CEE startup funding report. Next update: January 2027.
Raising pre-seed or seed in CEE
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