During its annual general meeting held on 17 March, the Lithuanian Private Equity and Venture Capital Association (LT VCA) recognized and awarded members, investors and developers of the Baltic venture capital ecosystem.

SORAINEN associate Karina Kuizinaitë and specialist counsel Mantas Petkevièius were awarded as the ‘Bees of the Year’ for active assistance in developing and improving the Lithuanian venture capital ecosystem.

The LT VCA unites private equity and venture capital market participants in Lithuania. Apart from its services on behalf of members (eg, monitoring legal, regulatory and tax issues, research studies and statistics, training, development and communication), the LT VCA serves as a central platform for representing and promoting the venture capital business to institutional investors, opinion leaders, and public policy makers. The association helps to improve the financing of the economy, for small businesses in particular, as well as promoting economic growth and an entrepreneurial spirit.