Jonas Karosas | Managing Partner

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Jonas Karosas has +10 years of experience in venture capital, e-commerce, apps, e-marketing and startups.
Managing Partner at Blockchain Open Fund, which exclusively concentrates on incubating, founding or funding ICOs.
Investment Commitee member at Open Circle Fund.
Previously co-founded Foodout Group ( and is now spearheading growth hacking and lean marketing at Goldfish Fund portfolio companies as the companies leaps towards its hyper growth journeys and builds the next big things.

Tadas Karosas | Partner

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During his 25 year career as serial entrepreneur, every project Tadas Karosas developed was making changes both in business and social life in more than a dozen different countries.

When creating a new business or developing established companies, Tadas Karosas always pushes them to become leaders in the field and create new trends by bringing unseen, innovative things or solutions.

In 2012 Tadas Karosas discovered South Africa for himself. He aspires to bring and share the experience gathered during the successful business years in Europe, providing the benefits of modern technology in e-commerce and solar energy sectors for African citizens.

Highlights of Tadas Karosas


The culture for savour of alcohol beverages is being created. Company Mineraliniai Vandenys, established in 1991, brought top alcohol brands to Lithuanian market. It provided opportunity to Lithuanians enjoy the premium brands which were not available during Soviet occupation and “Iron curtain” policy, which resulted in decades of shortage in the country.


Time for changes in cosmetics market. Cosmetics retail chain Sarma was established in all three Baltic countries bringing fresh trends in consumer habits. Sarma gave an opportunity for medium class customers to relish and enjoy top cosmetics brands that previously were treated as luxury products for privileged class. Self–service cosmetics retail chain created new model for shopping in Baltics that didn’t change since. In 2004 Sarma was acquired by the Europe’s largest perfume and cosmetics retail chain Douglas.


New eating habits arise – Northern European citizens are accustomed to relish Italian pizza. Later other exotic cuisines enter the food culture as well. Čili Pica pizzeria and other four top restaurant brands, owned by Čili Holding, is the largest restaurant chain in Baltics. Compared to Čili Pica, McDonalds and other popular restaurant brands were left far behind in the region.


Security standards have been changed. Security company Gelvora developed new services for business and private individuals that met international standards and requirements. Few years later Gelvora was acquired by the largest security company in the world G4S. Separate Gelvora branch, specializing in debt administration, was acquired by Swedish Inkaso AB Marginalen.


E-commerce era arises: the myths about Internet shopping were demolished. People get acquainted with e-commerce, making it a habit that is an essential part of shopping routine nowadays. E-shop was established and the yearly growth reached more that 1000 percent. Soon expanded to all Baltic countries, becoming “Eastern European”. was acquired by the largest investment fund MCI Management in Europe. Further expanse in Europe is planned, with the yearly income of more than 300 million Euros in upcoming years.

Tomas Martunas | Partner

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Dylan Sharkey | Venture Partner

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Saulius Zlabys | Head of Business Development

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Rasa Jakiunaite | ICO Marketing

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Emile Valiukaite | Executive Assistant | TokenDesk

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