Draft:Firstpick

Submission declined on 17 April 2026 by ChrysGalley (talk). This draft's references do not show that the subject meets Wikipedia's criteria for inclusion for organizations and companies. The draft requires multiple published secondary sources that: provide significant coverage: discuss the subject in detail, excluding routine coverage like product launches, staff appointments, or financial reports and listings in databases or listicles; are reliable: from reputable outlets with editorial oversight; are independent: not connected to the subject, such as press releases, the subject's own website, or sponsored content. Please add references that meet all three of these criteria. If none exist, the subject is not yet suitable for Wikipedia. If you would like to continue working on the submission, click on the "Edit" tab at the top of the window. If you have not resolved the issues listed above, your draft will be declined again and potentially deleted. If you need extra help, please ask us a question at the AfC Help Desk or get live help from experienced editors. Please do not remove reviewer comments or this notice until the submission is accepted. Where to get help If you need help editing or submitting your draft, please ask us a question at the AfC Help Desk or get live help from experienced editors. These venues are only for help with editing and the submission process, not to get reviews. If you need feedback on your draft, or if the review is taking a lot of time, you can try asking for help on the talk page of a relevant WikiProject. Some WikiProjects are more active than others so a speedy reply is not guaranteed. How to improve a draft Wikipedia:Contributing to Wikipedia – a basic overview on how to edit Wikipedia. Help:Wikitext – how to use the markup Help:Referencing for beginners – how to include references Wikipedia:Article development – how to develop your article Wikipedia:Writing better articles – how to improve your article Wikipedia:Verifiability – make sure your article includes reliable third-party sources You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Add tags to your draft Editor resources Easy tools: Citation bot (help) | Advanced: Fix bare URLs Declined by ChrysGalley 3 months ago. Last edited by OpalYosutebito 2 months ago. Reviewer: Inform author. Resubmit Please note that if the issues are not fixed, the draft will be declined again.

• Comment: Most companies do not get articles in Wikipedia since the requirement for corporate depth in independent sources is too difficult. For relatively new venture capital companies it is nearly impossible, since funding related publicity is regarded as corporate trivia. See WP:SIRS then corporate depth then corporate trivia, which is all in the same article. Since funding is all a VC company does, you can hopefully see the problem here. ChrysGalley (talk) 08:30, 17 April 2026 (UTC)

FIRSTPICK is a European venture capital fund based in Vilnius, Lithuania that invests in early-stage startups in the Baltic states. The firm was founded in 2022. Its founders are Jonė Vaitulevičiūtė, Dmitrij Sosunov, Andra Bagdonaitė, and Marijus Andrijauskas. FIRSTPICK primarily invests at the inception and pre-seed stages and focuses on technology startups, particularly companies developing AI-enabled software. The firm launched its first venture capital fund in November 2022 with a size of €20 million to support early-stage startups in Lithuania, Latvia, and Estonia.^[1] In 2026, FIRSTPICK launched a second venture capital fund, Fund II, with €25 million in committed capital to continue investing in early-stage companies across the Baltic region.^[2][3] The fund is backed by private investors, entrepreneurs, and founders of companies such as Tesonet, Oberlo, and Kilo™, as well as Lithuania's Ministry of Economy and Innovation through the state-backed investment vehicle ILTE.^[4]

Prior to establishing FIRSTPICK, Jonė Vaitulevičiūtė, Dmitrij Sosunov, and Andra Bagdonaitė were involved in the establishment and management of a €7.7 million venture capital fund under the Startup Wise Guys brand in Lithuania.^[5][6] Through these activities, they invested in early-stage startups across the Baltic region. Members of the founding team had previously invested in more than 50 startups, including Ondato, GoRamp, VocalImage, Jeff, InSoil, and Turing College.^[5] These investments resulted in five exits, including Realtify, Nobe, and a partial exit in Kevin.^[7] In 2022, FIRSTPICK was established by Jonė Vaitulevičiūtė, Dmitrij Sosunov, Andra Bagdonaitė, and Marijus Andrijauskas as an independent venture capital fund.^[5] The fund was launched with €20 million to invest in early-stage technology startups in Lithuania, Latvia, and Estonia.^[1] In 2026, FIRSTPICK launched Fund II, a €25 million venture capital fund focused on early-stage startups in the Baltic region, with an emphasis on AI-enabled software.^[2][3][8]

FIRSTPICK focuses on startups founded by Baltic entrepreneurs, regardless of company headquarters, particularly at the idea, inception, and pre-seed stage of development.^[2][3] The firm typically makes initial investments ranging from €100,000 to €500,000 and may provide follow-on capital of up to €1 million in later funding rounds.^[9] FIRSTPICK leads investment rounds or co-invests alongside other venture capital funds and angel investors. The fund primarily invests in technology sectors including artificial intelligence (AI), software as a service (SaaS), financial technology, computer security, and digital marketplaces.

FIRSTPICK is a generalist fund and has invested in startups operating across sectors such as fintech, artificial intelligence, health technology, and cybersecurity. Notable investments have included:

• Copla^[10]
• Samphire^[11]
• Holo^[12]
• WhiteBridge AI^[13]
• Handwave^[14]
• Algori^[15]
• Finfra^[16]
• Amlyze^[17]

FIRSTPICK is led by its four founding partners: Dmitrij Sosunov (Managing Partner), Jonė Vaitulevičiūtė, Andra Bagdonaitė, and Marijus Andrijauskas (General Partners). Sosunov has a background in entrepreneurship, consulting, and venture capital, and previously worked at the management consulting firm Civitta. He was also involved with Startup Wise Guys, where he served as a managing partner.^[5] Vaitulevičiūtė has been active in the Lithuanian startup ecosystem since 2011.^[18] She previously held roles at IBM and Invest Lithuania, led innovation projects at Civitta, and later became a general partner at Startup Wise Guys.^[5] Bagdonaitė has worked with early-stage startups through entrepreneurship and coding education initiatives and consulting roles, including at Civitta.^[19] She also served as an investment manager at Startup Wise Guys and is a board member of the Lithuanian Private Equity and Venture Capital Association.^[5] Andrijauskas is a former founder of the customer relationship management startup Teamgate,^[20] which was acquired by Xenon Partners,^[21] and has experience in venture capital through his work at Startup Wise Guys, where he managed a portfolio of startups.^[5]

• Official website

Category:Venture capital firms Category:Companies based in Vilnius Category:Financial services companies established in 2022