Practica Capital leads €1m investment in Softneta

Practica's growth capital injection will allow the company to focus on long-term development and improving its software products. The funding will also finance the hiring of new employees in Softneta's sales team.

The Lithuanian GP manages a seed fund and a venture fund, both financed predominantly through the EIF's Jeremie initiative. Its most recent investment was a €1.5m deal for a minority stake in agriculture machinery vendor East West Agro.

Company
Founded in 2007, Softneta is a developer of healthcare focused software. The company's core product is a platform allowing medical professionals to search, view and analyse medical images.

People
Practica Capital – Petras Mičiūnas (partner).
Softneta – Vytautas Baublys (CEO).

Advisers
Equity – Sorainen (legal).
Company – Cobalt (legal).

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• Topics
• Early-stage
• CEE
• Technology
• Lithuania
• CEE healthcare