It’s not a storm — it’s the climate

It’s not a storm — it’s the climate

Coinvestment is the Strategy

24 February 2026

Summary:

In this episode of PEP, Viktorija Trimbel MD of Coinvest Lithuania, discusses the current hybrid warfare threats facing Lithuania, particularly in aviation, and the resilience of the Lithuanian people in the face of such challenges. She highlights the innovative defense solutions being developed through her venture capital fund, Coinvest, which aims to support startups and foster a thriving entrepreneurial ecosystem. The discussion also touches on the importance of patient capital and the unique investment strategies employed by Coinvest to drive growth and innovation in Lithuania.

TAKEAWAYS:

  • Lithuania is facing a large number of hybrid attacks from Belarus, impacting aviation.
  • Lithuania has the highest number of hot air balloon pilots per capita.
  • Maintaining humour is essential in challenging situations.
  • Hybrid warfare is a daily concern in Eastern Europe.
  • Lithuania’s history of resilience shapes its current defence strategies.
  • Coinvest operates as a unique sovereign venture capital fund.
  • The fund focuses on co-investment and profit-sharing models.
  • Patient capital allows for longer development periods for startups.
  • The Tough 10 report highlights defence innovations in Europe.
  • Celebrating founders and their contributions is vital for the ecosystem.