FIRSTPICK launches its 3rd acceleration program for Baltic startups

Lithuanian VC firm, FIRSTPICK has announced the launch of its 3rd acceleration program. The firm offers up to €100,000 of investment into each team and focuses on startups with increasing traction, that are preparing for pre-seed, and hiring new employees. 

• FIRSTPICK was launched in November 2022 by the Lithuanian team of the Estonian accelerator Startup Wise Guys. Among its recent participation was a $1 million round of Indonesian fintech Finfra. 
• The VC firm usually offers €5,000 per team member for practically validating its MVP via the pre-acceleration 7-week program. For the startups that already have a team, working product, and first traction, FIRSTPICK offers up to €100,000 investment and a 16-week program that helps to increase traction & revenue by working on B2B/B2C sales and marketing, preparing to raise pre-seed round.

The applications are open here.

• For startups that have growing traction, the VC firm provides an investment of €200,000-500,000 and optional accelerator with 16-week program. 
• The preliminary timeline of FIRSTPICK pre-accelerators:
  • April – May 2023
  • September – October 2023
  • April – May 2024