FlyCap Overview
FlyCap, established in 2013, is a private debt fund manager based in Latvia, managing €80 million in assets. The firm focuses on providing private debt investments to small and medium-sized enterprises (SMEs) in Latvia and other European Union countries. FlyCap's current fund, Private Debt Fund III, offers loans ranging from €1 million to €4 million for up to five years, with an annual interest rate starting at 12%. The fund targets sectors such as healthcare, B2B, IT & technology, and export-oriented manufacturing, with a preference for environmentally friendly companies and projects that reduce CO₂ emissions.
Is FlyCap the right investor for your startup? Browse their investment focus, stage preferences, and geographic scope to see how well they align with your fundraising goals. Your full match score with FlyCap, along with a list of other relevant VCs, is available on Hopohopo.io.
FlyCap
Investment focus
Invest in
- Baltics
Customer types
- B2B
Industries / verticals
- Developer Tools & Platforms
- Digital & Consumer health
- Engineering / Manufacturing
- Health Data, Healthcare Systems & Infrastructure
- IT Infrastructure & Cloud
- MedTech & Devices
Investment role
Lead and follow
Stages
Series A, Series B or later
First ticket size
€1,000,000 - €4,000,000
Contact information
Partner
Janis Liepins
Partner
Girts Milgravis
Partner
Janis Skutelis
Investment Manager
Laima Staune
How to approach funds like FlyCap
When approaching FlyCap, founders should clearly articulate how their business model supports stable cash flows and demonstrates strong debt serviceability, as FlyCap prioritizes risk-adjusted returns and capital preservation. Highlighting a proven track record in revenue generation, robust collateral, and a transparent use of funds will resonate, especially for companies operating in sectors with tangible assets or recurring income. Emphasize any measurable environmental impact or CO₂ reduction, as FlyCap values sustainability alongside financial performance.
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