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Fundraising in Lithuania:

Lithuania has emerged as a hub for startups in recent years, attracting both domestic and foreign investment. The country's proactive approach towards innovation and technology has helped to foster a thriving startup ecosystem, with a focus on industries such as fintech, e-commerce, and software development. In 2019, the total amount of venture capital invested in Lithuanian startups was €44 million, and the trend has continued to grow even during the pandemic.

Active Investors:

  • Practical Investments
  • Baltic Innovation Fund
  • Soros Fund Management
  • Smartcap
  • Inventure

Growing Industries:

  • Fintech: Moneta International, Paysera
  • E-commerce: Pigu Group
  • Software Development: Telesoftas, Devbridge Group

Popular Startups:

  • Moneta International: A fintech company offering digital banking services
  • Paysera: A fintech company providing a range of financial services through a mobile app
  • Pigu Group: An e-commerce platform offering a wide range of products
  • Telesoftas: A software development company specializing in mobile and web application development
  • Devbridge Group: A software development company offering custom software development services

Government Initiatives:

The Lithuanian government has been proactive in supporting the country's startup ecosystem. The Ministry of Economy has established a number of initiatives aimed at promoting innovation and supporting startups, including funding programs, incubation and acceleration services, and networking opportunities. The government also collaborates with local universities and research institutions to foster innovation and support the development of new technologies.

Compared to the rest of the region, Lithuania's startup ecosystem is well-developed, with a strong focus on technology and innovation. The country has a highly skilled workforce and a supportive government, which has helped to attract investment and drive the growth of its startup scene. Additionally, the country's location at the crossroads of Europe and the Baltic States makes it a convenient hub for regional and international trade and investment.