AI-powered transformation of Baltic enterprises.
Curonia Capital is a growth equity fund partnering with founder-led and family-owned Baltic SMEs to accelerate expansion through AI-driven growth and selective consolidation. Part of AAA Enterprises.
Growth equity for the Baltic transformation.
A €50M growth equity fund partnering with founder-led and family-owned Baltic SMEs to accelerate expansion through AI-driven growth and selective consolidation.
Fund size
Investment per company, up to €8M with follow-on
Expected number of investments
Target IRR
Fund term
Geography — Lithuania, Latvia, Estonia
AI-led organic growth, reinforced by selective consolidation.
We target founder-led and family-owned SMEs with €2M–€20M revenue, proven models, and clear AI-enabled value creation potential. Unlike any other Baltic PE fund, we build and deploy AI ourselves.
AI playbook
Our in-house engineering team deploys AI to digitise workflows, automate operations and build proprietary data infrastructure at every portfolio company — no external consultants, faster execution.
Founder partnership
Baltic founders aged 55–65 have built strong businesses without institutional capital. They want to professionalise and grow, not exit outright. Growth equity with minority stake lets them retain control.
Selective consolidation
The Baltic mid-market is structurally fragmented — hundreds of €2–20M revenue businesses with no scaled regional competitor. We consolidate through bolt-on acquisitions on a unified technology platform.
Visible exit
For each platform we underwrite, we map the credible acquirer set — regional strategics, larger PE consolidators, international corporates — before committing capital.
Four sectors we can transform with AI.
Dental clinics, dermatology & aesthetics, facility-based healthcare and medtech — fragmented single-site practices ripe for platform consolidation.
K-12 and private schools, tutoring platforms, vocational training and digital learning — fragmented chains at sub-€10M scale.
Vertical SaaS, fintech, cybersecurity, data infrastructure, IoT and managed services — software and data plays with sticky workflows.
Professional services, engineering, staffing, testing & inspection — fragmented service verticals we can transform with AI.
Built on a platform with €3B+ in group assets.
Curonia Capital is part of AAA Enterprises, an international group of licensed financial companies operating since 1993. Our team has direct operating experience from 1 Asset Management's €750M+ AUM portfolio — including the Pet Care Growth Fund and the Education Infrastructure Fund.
See the full track record→Total group assets managed and administered
AUM at 1 Asset Management across 12+ funds
Professionals across the AAA Enterprises group
Operating across Europe, regulated by Bank of Lithuania
Partners with PE, VC, investment banking, AI engineering, and operational transformation experience.
Market intelligence.
A rolling mix of private equity, financial markets and Baltic economy news from public PE and financial feeds. Refreshed hourly.
Borgman invests in concrete production equipment distributor CMW
Granite Creek promotes Pete Pacelli to managing director
Dentons advises Invenio Partners on the sale of a majority stake in Haelan healthcare to Provectus Capital Partners - Dentons
Latham & Watkins Advises Inflexion on the Acquisition of Primed Group - Latham & Watkins LLP
German army looks to Ukraine for battlefield lessons
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MP: Minister's ISS visit an overstep of powers
Building a Baltic platform worth backing?
Curonia Capital partners with founder-led Baltic SMEs in healthcare, education, technology and services. €2–5M cheques. Tell us about your business.