Empowering Lithuanian innovators: ScaleWolf VC funds’ closing signals promising growth in defense and security sector

The first close of ScaleWolf Accelerator and ScaleWolf VC funds is here, with a dedicated focus on empowering Lithuanian companies and startups that develop defense and security technologies with global export potential.

Investicijų ir verslo garantijos “Invega” has committed €13.5m of public funds with the rest (approx. €1m) committed by ScaleWolf Management team and a number of other independent private investors. The new funds will invest in small to medium-sized enterprises in the defense and security sector, encompassing both military and civil applications crucial in international markets.

A huge shout-out to our WALLESS team professionals, Managing Partner in Lithuania, Dovilė Burgienė, Partner Laurynas Narvydas, Associate Partner Artūras Grimaila and Senior Associate Viktorija Dusajeva, whose efforts contributed to the success of the first close of the funds!

Together, we celebrate a significant milestone in the success of the first close of ScaleWolf Accelerator and ScaleWolf VC funds, fostering innovation and growth in the defense and security industry.