Comprehensive Analysis of CoInWest Capital and its Competitive Landscape
Overview of CoInWest Capital
CoInWest Capital is a venture capital fund established in 2017 in Vilnius, Lithuania. It focuses on co-investing with business angels and private funds, aimed at boosting startups that contribute to the Lithuanian economy. The fund, operating under ILTE's corporate venture capital arm (formerly INVEGA), is sector and stage agnostic, emphasizing strategic sectors such as GreenTech, ClimateTech, EnergyTech, Life Sciences & MedTech, DeepTech, Big Data & AI, Space & Aviation, Defense, Deterrence, and Dual-Use technologies.
Investment Thesis and Strategy
CoInWest Capital administers an evergreen fund with committed capital of EUR 44.3 million and EUR 21.6 million in dry powder for future investments. The fund collaborates with accredited business angels and private investors, sharing exit premiums. Being fully financed by the Republic of Lithuania and the European Union, CoInWest Capital benefits from having no immediate time constraints, making it ideal for investing in R&D-intensive startups requiring extended development periods.
Portfolio and Co-Investment Activities
- Investment in 37 Portfolio Companies, totaling EUR 35.5 million.
- Mobilized EUR 19.0 million in private co-investments with 176 Accredited Co-Investors involved in deal participations.
Management and Advisory Team
The leadership at CoInWest Capital consists of experienced professionals tasked with investment sourcing, structuring deals, and managing exits. They are assisted by an independent, non-executive investment committee responsible for transaction approvals and investor accreditation. Key figures include:
- Viktorija Trimbel - Managing Director, with a board position at the Lithuanian Business Angels Association.
- Matas Ramanauskas - Investment Manager, noted for his role in structuring and participating in tech events.
- Emilija Kuleša - Investment Analyst, focusing on risk capital and insights.
- Austėja Lazaravičiūtė - Analyst fostering innovation with a people-centric approach.
- Matas Petronis - Investment Analyst, leveraging insights from New York's private equity sphere.
Strategic Collaborations and Event Participation
CoInWest Capital engages in industry collaborations and events to enhance its strategic footprint, such as:
- Partnering with Baltic Sandbox Ventures and ScaleWolf for enhancing Lithuanian defense innovation.
- Hosting interdisciplinary events aligned with NATO summit discussions to enrich defense ecosystem dialogues.
These strategic moves reflect CoInWest Capital's commitment to expanding investment avenues and fostering sector-wide collaborations aligned with national economic strategies.
Contact Information
- Email: info@coinvest.lt
- Phone: +370 686 71 777
- Office Address (by appointment): Vilnius str. 33 (Talent Garden Vilnius), Vilnius, LT-01402, Lithuania.
- Registered Address: Konstitucijos pr. 7, Vilnius, LT-09308, Lithuania.
CoInWest Capital continues to be an integral part of the Lithuanian VC ecosystem, leveraging partnerships between public and private sectors to drive innovation and growth.
Competitive Landscape
Key Market Competitors
1. Flutterwave
Flutterwave revolutionizes global payment infrastructure with an extensive digital financial platform, operating in over 150 currencies across 33 African countries. Headquartered in San Francisco and Nigeria, the company is guided by CEO Olugbenga Agboola.
2. Yoco
South Africa-based Yoco is a fintech leader providing card machines and online payment solutions to small businesses. Notably supported by prominent tech investors, Yoco processes over $2 billion annually, serving 200,000+ business owners.
3. First Data (Fiserv)
First Data, integrated into Fiserv, is a global leader in electronic payment technologies, active in 100+ countries. Based in Brookfield, Wisconsin, Fiserv embodies a significant industry presence with over 10,001 employees.
4. Network International
A notable payment solutions provider, Network International supports digital commerce for 130,000+ merchants across the Middle East and Africa, with a workforce of 1,001 to 5,000 employees.
5. dLocal
Uruguay-based dLocal connects global merchants with emerging markets, offering 900+ payment methods. The company focuses on local transaction processing, led by CEO Pedro Arnt and co-founder Sergio Fogel, with a global expansion strategy.
The competitive landscape consists of robust payment solutions providers with a significant market presence. CoInWest Capital can explore technological advancements and service enhancements to strengthen its competitive stance in the financial sector.
