Gytenis Galkis and Audrius Milukas join Finnish Superhero Capital

Gytenis Galkis, cofounder of Lithuanian venture capital fund and accelerator 70V, and Audrius Milukas, CEO of Lithuanian venture fund management company Open Circe Capital have joined Finnish Superhero Capital’s €50 million venture fund as new partners.

Superhero Capital plans to invest in early-stage startups, particularly in the technology sector, and help them scale internationally. The fund’s first investment includes the Lithuanian cybersecurity startup CyberUpgrade.

Founded in 2018 in Vilnius, 70V is a venture capital fund and accelerator. It manages two funds - 70Ventures Accel and Seed fund. 70V focuses on startups from the Nordic and Baltic regions. The fund provides milestone-based financing up to €400K. Partners in the fund are Per Moller, JB Daguené, and Gytenis Galkis.

Open Circe Capital is Lithuanian venture fund management company. It makes equity investments into early-stage startups with a focus on deep tech, robotics technologies, and ICT.