Practica Capital backs Lithuanian AI startup in record USD 17 million seed round

Practica Capital, together with Earlybird Venture Capital, Inovo.vc, and a group of angels, has provided a record-breaking USD 17 million seed round in the Baltics for sintra.ai.

sintra.ai is a fast-growing platform already helping over 40 thousand small businesses in more than 100 countries. The platform offers advanced AI assistants designed to analyze data, automate workflows, and deliver better customer support.

Launched in May 2024, the Lithuanian startup has hit USD 12 million in annual revenue within its first year. From sales follow-ups to HR and data entry, their AI handles the repetitive stuff – fewer mistakes, faster workflows.

In this deal, Practica Capital was advised by the COBALT team, led by Partner Akvilė Bosaitė.