Countries. Lithuania - page 3

Lithuanian startups raise €295M and are worth €9.5B, up 16.8 times since 2017 — Dealroom report

The rate of investments in Lithuania actually accelerated in 2022 despite a global softening in tech investments that began in 2021. Excluding megarounds, funding in Lithuania reached €295 million in 2022 and showed 16.8 times growth between 2017 and 2022.

Startup of the Day: Lithuanian fintech SME Finance

Established in 2016, SME Finance is building an AI-driven financial technology platform which takes quick lending decisions that allow to bring the best financing solutions for small and medium enterprises in the Baltics and larger EU region. The startup has

Startup of the Day: Lithuanian suspension testing technology LABA7

LABA7 is a Vilnius-based startup providing high-quality suspension tuning, servicing, and diagnostics equipment. The solution is already used and recommended by such worldwide leaders as KTM/WP, ZF Sachs, KW Suspension, EXT, and others. So far, the startup has raised a

Lithuanian VC Practica Capital launches new €70M fund

The Vilnius-based venture capital firm Practica Capital has announced the opening of its third fund to invest in startups with Baltic founders from pre-seed to Series A round. The fund has already completed the first closing of €32 million, and

Lithuanian firm Baltic Sandbox Ventures raises €10M for its first fund

Freshly founded Lithuanian firm Baltic Sandbox Ventures has raised €10 million for its first deeptech fund. For its closure, the firm targets to raise a total of €13 million. The fund is the first in the Baltics focusing on early-stage

Lithuanian-founded FIRSTPICK launches a €20M fund for early-stage startup in the Baltics

The Lithuanian team of the Estonian accelerator Startup Wise Guys has launched the new VC firm, FIRSTPICK. The firm plans to raise of €20 million for the fund, with €15 million already committed, Sifted.eu informs.  “We as a fund really

Startup of the Day: Lithuanian platform that streamlines digital verification processes Ondato

Launched in 2019 by Liudas Kanapienis and Andrej Vistorskij, Lithuanian startup Ondato streamlines KYC, KYB and AML-related processes. It provides solutions for digital identity verification, business customer onboarding, data validation, fraud detection, and more. To date, it has offices in

Lithuanian company Solvo launches a new app to help invest in crypto

The Vilnius-based fintech company Solvo launches a new app to provide access to quality crypto investments in a seamless and transparent way. Early in 2022, it raised $3.5 million in a seed funding round from Index Ventures to fund this

Lithuanian startup Eddy Travels is acquired by TripAdd, a travel markeplace

Eddy Travels, a Lithuanian AI-based travel assistant, has been acquired by a global travel product marketplace TripAdd. The companies do not disclose the amount of the strategic deal, that will facilitate hyper-consumer-centric practices in the industry, EU-Startups reports. Founded in 2019