#lithuania-startups

Lithuanian GoRamp, a SaaS solution designed to address the challenges faced by manufacturers at every level of the supply chain, has successfully raised a €2.7 million late seed round. The round was led by Lead Ventures with participation of existing investors Willgrow, Startup Wise guys & Presto ventures.  The funds from this round will be… This content is for members only. Visit the site and…

Between 2017-2022, Lithuania has grown its digital economy by 16.8x annually, with the ecosystem now valued at over €9.5 billion. At the same time, Lithuania showcased resilience in tech funding in 2022, which was a turbulent year for the global technology sector, recording its second-best year ever in terms of VC funding. A host of… This content is for members only. Visit the site and log…

AMLYZE, a Lithuanian regtech firm specializing in anti-financial crime solutions for fintech, neobanks and crypto businesses, has successfully concluded a €924k pre-seed investment round led by Practica Capital, with participation from the Firstpick accelerator and venture capital fund.  The funding will be used to scale AMLYZE’s SaaS business, facilitate international expansion, and introduce…

SME Finance has secured a new €100 million credit facility to fuel its mission of reinventing financing for Europe’s SMEs. The Vilnius-based team now takes one step closer to its 2023 goal of establishing an EU-wide fintech marketplace.  Small and Medium-sized enterprises (SMEs) are the backbone of Europe’s economy, accounting for approximately 99% of all… This content is for members only. Visit…

Lithuanian startup Eddy Travels gets acquired by global travel marketplace TripAdd

Eddy Travels, a Lithuania-based AI travel assistant, has been acquired by New York-based ancillary travel product marketplace, TripAdd. The strategic deal reflects a move in the travel industry towards hyper-consumer-centric practices and collaboration between companies to achieve it.  The travel industry has had an interesting few years to say the least. The industry, which is… This content is…

Vilnius-based Okredo scores €650k for its open data platform

Lithuanian startup Okredo has announced a raise of €650k in a follow-up funding round. The SaaS startup is enabling small European businesses to access enhanced business opportunities. Data – and more importantly access to it – is one of the forces that is keeping European society and economy ticking. We live in a data-driven world,… This content is for members only. Visit the site and log…

The rise of GovTech: Why startups should work with governments (Sponsored)

There’s another market that B2B startups with innovative digital solutions can target – the public sector. While working with the government might not be the obvious choice for startups, it’s a unique opportunity. Now, there are various GovTech initiatives creating new opportunities for tech creators to collaborate with local and global public sector institutions. It’s… This content is for…

Salto X picks up €5.2 million to build tokenized stock options for remote companies

With roots in Kyiv, Tallinn and Riga, Salto X is a pan-European startup reimagining stock options in Europe by connecting the Web2 and Web3 worlds. The startup just picked up €5.2 million to introduce its Incentive Tokens Plans to companies wanting to retain and recruit quality talent.  Salto X, founded in 2021, is on a… This content is for members only. Visit the site and log in/register to…