UŽDAROJI AKCINĖ BENDROVĖ „INVESTICIJŲ IR VERSLO GARANTIJOS“ (INVEGA)

Uždaroji akcinė bendrovė „Investicijų ir verslo garantijos“, commonly branded as INVEGA, is Lithuania’s national promotional institution (development finance institution) established by the Government of the Republic of Lithuania to improve access to finance for micro, small and medium-sized enterprises (SMEs) and strategically important business segments. INVEGA designs, implements and administers state and EU-funded financial instruments, including guarantees, soft loans, co-investment and venture capital instruments, interest compensation and other targeted support measures.

Company Overview

Legal name: Uždaroji akcinė bendrovė „Investicijų ir verslo garantijos“
Brand: INVEGA
Founded: 2001 (by decision of the Government of the Republic of Lithuania)
Headquarters: Vilnius, Lithuania
Industry sector: Development finance; financial services (state/EU-funded financial instruments for business)

Legal Information

Įmonės kodas (company code): 110069451 (public directories)
PVM kodas (VAT code): LT100694515 (public directories)
Official website: https://www.invega.lt
General email: info@invega.lt
Registered office address (buveinė): Konstitucijos pr. 7, LT-09308, Vilnius, Lietuva (as listed in public business registers/directories)
Main phone: +370 5 210 7510 (public directories)

Note: Legal codes, address and phone are compiled from official/public Lithuanian registers and business directories. For the most current details, verify on INVEGA’s official website and the Register of Legal Entities.

Business Operations

Core mandate and model:
INVEGA operates as a state-owned national promotional institution. It designs and administers financial instruments funded by the state budget, EU Structural and Investment Funds, Recovery and Resilience Facility (RRF) and other sources. The business model centers on indirect and direct financing tools that reduce risk for private financiers and crowd-in private capital to Lithuanian businesses.

Main products and services:
- Loan guarantees for banks and leasing companies to expand SME access to working capital and investment finance.
- Soft loans and quasi-equity instruments (e.g., start-up and microloans; targeted lending programs for entrepreneurship and regional development).
- Interest rate and security cost compensation schemes to lower the cost of borrowing for enterprises.
- Co-investment and venture capital instruments (with private funds, business angels and accelerators) to support start-ups and innovative, high-growth companies.
- Thematic instruments responding to market gaps and crises (e.g., measures for COVID-19 recovery, energy-efficiency, sustainability/green transition, innovation and export development).
- Advisory and information services related to financial instruments for businesses and financial intermediaries.

Market position:
INVEGA is Lithuania’s leading state-backed provider/administrator of SME risk-sharing instruments. It works closely with commercial banks, leasing companies, credit unions, venture capital and private equity managers, and angel networks to deliver financing at scale across the country.

History

2001: INVEGA is established by the Government of Lithuania to address financing gaps for SMEs.
2004–2013: Post-EU accession expansion of guarantee and interest compensation schemes through EU Structural Funds; growing network of partner financial intermediaries.
2014–2020: Diversification into soft loans, co-investment and venture capital instruments; broader thematic measures (innovation, regional development).
2020–2021: Rapid deployment of COVID-19 business support measures (including liquidity instruments and subsidy-style aid via financial tools).
2021–2027: Rollout of next-generation instruments under EU funds and RRF, including programs targeting green transition, digitalization, productivity and access to private risk capital.

Financial Information

Ownership: 100% owned by the State (Republic of Lithuania), with shareholder rights exercised by the Ministry of the Economy and Innovation of the Republic of Lithuania.

Capital/funds under management: INVEGA administers multi-annual envelopes sourced from the state budget, EU Structural and Investment Funds and RRF. Across 2014–2023 programming periods, INVEGA-managed instruments collectively amounted to several billion euros in available or committed financing capacity (combining public resources and private co-financing). Exact year-on-year AUM and committed amounts are detailed in INVEGA’s annual and consolidated reports.

Revenue and profitability: As a national promotional institution, INVEGA’s income largely derives from the administration/management fees of financial instruments and financial income on revolving resources. Detailed audited financial statements, including revenues, operating costs and balance sheet amounts, are disclosed in annual reports. Specific year-by-year revenue figures are not reproduced here and should be taken from the official financial statements.

Funding rounds: Not applicable in the venture/startup sense; capitalization and instrument envelopes are provided through state/EU budgetary decisions and mandates.

Leadership and Management

Governance model:
INVEGA is overseen by a Board appointed according to the Lithuanian state-owned enterprise governance framework, with representation and independent members as defined by applicable legal acts. Day-to-day operations are led by the General Manager (Generalinis direktorius) and the executive team (vadovybė). Board composition and executive appointments are subject to periodic updates.

Key executives (vadovai):
- General Manager (Generalinis direktorius): current incumbent not confirmed in this profile. Historically, the role has been held by several appointees during 2019–2024 as the institution expanded and restructured instrument portfolios.
- Other executive roles (e.g., finance, risk, legal, programs/instruments, HR/operations) exist per internal structure; please refer to the latest official disclosures for full names and current positions.

Note: Names and positions of executives and Board members change; for the most accurate, dated roster (pilni vardai ir pareigos), consult INVEGA’s official website and the most recent annual report.

Office Locations

Head office (Vilnius):
Konstitucijos pr. 7, LT-09308 Vilnius, Lietuva
Tel.: +370 5 210 7510

Note: INVEGA primarily operates from its headquarters in Vilnius and through partner financial intermediaries nationwide. No separate regional branch addresses are publicly listed in the sources reviewed; for any temporary client service points or updated locations, see the official contact page.

Market Position and Competitors

Role in the ecosystem:
As a state national promotional institution, INVEGA is complementary to the market rather than a traditional competitor. It partners with commercial banks, leasing companies, credit unions and private fund managers to de-risk and mobilize financing to Lithuanian businesses.

Indicative counterparties and “competitors”:
- Commercial banks and leasing companies (as delivery partners for guarantees and subsidized lending).
- Alternative finance providers and credit unions (for micro/small lending).
- Private VC/PE funds and angel groups (for co-investment and risk capital).
- Other state financial institutions (in specific niches), though typically these have complementary rather than competing mandates.

Competitive advantages:
- State backing and policy mandate to address market failures.
- Ability to deploy EU and state resources efficiently via standardized instruments.
- Strong partnering network with financial intermediaries and investors.
- Experience in crisis response (e.g., COVID-19) and in thematic programs (innovation, green/digital transformation).

Recent Developments

- 2020–2022: Deployment of COVID-19 liquidity and recovery instruments for SMEs (guarantees, soft loans, interest compensation) to stabilize employment and investment.
- 2021–2024: Introduction and scaling of instruments aligned with EU 2021–2027 funds and RRF priorities (e.g., energy efficiency, sustainability, innovation, digitalization).
- Ongoing: Expansion of co-investment and venture capital initiatives with private funds and business angels to strengthen the start-up/scale-up ecosystem in Lithuania.

Note: For specific instrument launches, budget envelopes, tenders for financial intermediaries and the most recent press releases, see the INVEGA news and announcements section.

Contact Information

Company: UAB „Investicijų ir verslo garantijos“ (INVEGA)
Address: Konstitucijos pr. 7, LT-09308 Vilnius, Lietuva
Phone: +370 5 210 7510
Email: info@invega.lt
Website: https://www.invega.lt

For inquiries about specific instruments (guarantees, loans, co-investment, interest compensation), use the contact forms and dedicated e-mail addresses listed on the official website.

Sources and References

- INVEGA official website (About, Instruments, Contacts, News): https://www.invega.lt
- INVEGA annual and activity reports: https://www.invega.lt/lt/apie-invega/veiklos-ataskaitos
- Register of Legal Entities (VĮ Registrų centras) – legal data lookup: https://www.registrucentras.lt/jar/
- Public Lithuanian business directory (Rekvizitai.lt) – company profile: https://rekvizitai.lt/imone/investiciju_ir_verslo_garantijos/
- Ministry of the Economy and Innovation of the Republic of Lithuania – state-owned enterprises and policy materials: https://eimin.lrv.lt

Disclaimer: Some entries (e.g., current executives and any regional offices) may change over time. Always verify the latest information on the official website and in the most recent annual reports and public registers.