The Lithuanian Investigative Journalism Fund currently possesses a capital of EUR 4.1 million, bolstered by contributions from 105 individuals and 12 organizations. According to a recent press release, the support underscores the critical role of investigative journalism in maintaining the accountability of governmental and institutional bodies, thereby strengthening open societies. Henrik Persson, managing partner at Sprints, stated that the Foundation supports journalists undertaking this demanding work, which necessitates substantial time and resources.
Persson noted, “We are pleased to contribute to an initiative that strengthens transparency, trust, and democratic values.”
Sprints, which is reportedly recognized as one of Europe’s leading technology growth funds, maintains offices across London, Stockholm, Milan, and Luxembourg, with its investments focused on fast-growing technologies. The participation of such a prominent entity highlights the growing commitment to robust journalism practices. This financial backing from Sprints signals a significant institutional endorsement of the foundation’s mission.
By providing resources to support in-depth reporting, the fund aims to bolster journalistic integrity and uphold democratic standards. The funds are intended to support journalists who conduct complex, resource-intensive investigations, ensuring that public scrutiny remains a vital component of governance.
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This funding is vital for maintaining press freedom and accountability in Lithuania.