Launch · 01 Nov · —
International Fintech Business (IFB) is preparing to launch a mobile marketplace for financial companies available for acquisition, scheduled for 1 November 2026.
Launch · 08 Sep · —
Kongsberg NanoAvionics presented the largest and heaviest microsatellite system they have developed.
Funding · 07 Sep · EUR 543K
Novaturas increased its share capital by issuing new shares, raising 543 thousand euros to strengthen its capital base and support business development.
Exit · 07 Sep · —
Surfshark Holding BV has acquired a controlling stake in the U.S. personal data removal company Optery.
Launch · 07 Sep · —
Teltonika is expanding its 'High-Tech Hill' park in Vilnius with a new plot of land for research and development activities, including a planned office complex and research laboratory center.
Exit · 07 Sep · —
Surfshark has acquired the U.S. technology company Optery for an undisclosed amount.
Launch · 07 Sep · EUR 5.0M
InRento entered the Finnish market with its first project, Noa Villas, which attracted 5 million euros, marking a significant expansion for the platform.
Launch · 03 Sep · —
Wargaming Vilnius launched a new game called 'World of Tanks: Heat' this spring.
Launch · 03 Sep · EUR 61.0M
The first cell therapy and personalized medicine center 'Bio City III' has opened in Vilnius, with an investment of 61 million euros, aiming to develop innovative medical solutions.
Exit · 03 Sep · —
Aros Marine has acquired its supplier, Fika LT, a commercial furniture manufacturer based in Kaunas.
Launch · 03 Sep · EUR 6.0M
Litilit plans to complete the setup of a new factory in Vilnius by mid-October, investing about 6 million euros to expand its production capacity.
Funding · 03 Sep · EUR 8.0M
UAB "Litilit" received an 8 million EUR loan from ILTE to support the development of its modular femtosecond laser system "Femoda".
Launch · 03 Sep · EUR 61.0M
Northway Biotech has opened a 61 million Euro Innovative Cell Therapy and Personalized Medicine Center in Vilnius, which will create about 100 high-skilled jobs.
Launch · 03 Sep · —
Inventi has become the first Swift Business Connect provider in the Baltics, allowing it to embed Swift connectivity into its Payments Platform for financial institutions.
Launch · 03 Sep · EUR 61.0M
The first innovative cell therapy and personalized medicine center in the Baltic States was opened in Vilnius, with an investment of €61 million from the Northway group.
Launch · 02 Sep · EUR 2.5M
Venipak is investing more than 2.5 million euros into infrastructure development and modernization in Lithuania and other Baltic States, including the opening of a new terminal in Klaipėda and enhancements to its logistics capabilities in Kaunas and other locations.
Exit · 02 Sep · —
Novaturas' stock rose over 21 percent after the confirmation of a mandatory takeover bid from its major shareholder.
Hire · 02 Sep · —
Antanas Aleksiejūnas has replaced Tadas Dapšys as the CEO of BankingLab Technologies.
Launch · 02 Sep · —
Marytė retail announced its launch, aiming to compete in the low-price retail segment.
Funding · 02 Sep · —
Emulsi Biotech has completed its first funding round.
Hire · 02 Sep · —
Arvydas Grušeckas joins HubLegal to lead its Corporate Acquisitions and Mergers and corporate law practice.
Hire · 01 Sep · —
Ilona Lekavičiūtė replaces Mantas Katinas as the General Director of Wargaming Vilnius, effective September 1.
Launch · 01 Sep · —
ICONIC21 is expanding its operations in Vilnius by opening a new office and studio complex, planning to create over 350 jobs.
Launch · 31 Aug · EUR 5.0M
Marytė retail is launching a new retail chain in Lithuania, planning to invest up to 5 million euros in expansion and create over 200 jobs.
Launch · 27 Aug · —
Aspora has chosen Lithuania as the base for its EU business, establishing its leadership and operations in Vilnius.
Launch · 25 Aug · —
The new 'Judu' app has been launched in Vilnius, replacing the 'm.Ticket' and 'm.Parking' apps.
Hire · 25 Aug · —
Antanas Aleksiejūnas has replaced Tadas Dapšys as CEO of BankingLab Technologies.
Funding · 24 Aug · EUR 60K
Strato Create has received a €60,000 grant through the EPIC-X programme for women-led deeptech startups.
Funding · 24 Aug · EUR 8.0M
LITILIT has secured an €8 million loan to develop FEMODA.
Funding · 24 Aug · EUR 2.0M
PDKinematics secured 2 million euros in funding in the first half of 2026.
Funding · 24 Aug · EUR 2.3M
Embedd has secured €2.31M in pre-seed funding to develop software infrastructure for physical AI, enabling faster integration of chips for intelligent machines.
Funding · 24 Aug · EUR 2.0M
Outcraft AI attracted 2 million euros in funding in the first half of 2026.
Funding · 24 Aug · EUR 5.0M
Axiology secured 5 million euros in funding in the first half of 2026.
Hire · 24 Aug · —
Mantas Katinas has been appointed as the CEO of Kurianti karta, a company focused on private education in Lithuania.
Launch · 24 Aug · EUR 2.0M
Atsinaujinančios energetikos investicijos is launching a new bond issue worth 2 million Euros with a 9% yield, available to investors in Lithuania, Latvia, and Estonia.
Launch · 21 Aug · —
Launch of the SOS Trust SMS app to warn relatives about suspicious SMS messages.
Launch · 21 Aug · —
MEPCO has joined the international Ethos group, opening up a wider range of project opportunities and prospects for professional growth.
Exit · 21 Aug · EUR 76K
Koka Zirgs, associated with SAF Tehnika's board chairman Normunds Bergs, acquired 5,174 shares of SAF Tehnika for 76,135.41 Euros on August 21.
Funding · 20 Aug · EUR 1.0M
Guideless has raised €1 million in pre-seed funding to further develop its technology and expand internationally.
Launch · 20 Aug · —
FinoMark has expanded its service provider license to manage an advertisement board for clients to post intentions related to loan claims.
Funding · 19 Aug · EUR 409K
Broswarm attracted an investment of 409 thousand euros from a group of business angels.
Launch · 19 Aug · —
Revolut is planning to open a branch in Finland to offer FI-prefixed account numbers and strengthen its local presence.
Launch · 18 Aug · —
Altic IT launched an AI-based IT insights analytics platform called 'ALT Insights' that combines data from various sources to provide structured IT analytics for managers.
Launch · 17 Aug · —
Tesonet will develop a 40,000 sq. m multifunctional quarter in Kaunas.
Exit · 14 Aug · —
The Lithuanian fintech startup 'Super How' is being liquidated.
Launch · 12 Aug · —
Nord Security is moving to a new office in the 'Hermanas' business center, expanding its operations in Kaunas.
Launch · 12 Aug · —
Atedaktare.lt launched as an e-commerce brand during the pandemic, focusing on dietary supplements and aiming to help doctors and patients.
Launch · 11 Aug · —
Bankera is changing its name to BankingLab Technologies.
Launch · 10 Aug · —
Revolut Bank S.A. has obtained a full banking license from the European Central Bank, allowing it to serve customers in Western Europe and expand its operations.
Launch · 10 Aug · —
3P Defence's laser anti-drone system 'OVR-Guard S1' has been selected for the European Union Defence Innovation Scheme (EUDIS) business accelerator, moving closer to product development and production launch.
Launch · 10 Aug · —
Revolut is set to begin serving customers across Europe, starting with France, as part of its expansion strategy following the acquisition of a banking license.
Launch · 08 Aug · —
Paysera launched Checkout Modern, a new payment platform for merchants in Lithuania, Latvia, and Estonia, which allows free bank transfers.
Hire · 06 Aug · —
Aspora plans to hire up to 100 people in Vilnius over the next three years.
Launch · 06 Aug · —
Inventi has joined the Swift Business Connect programme, becoming the first provider of its kind in the Baltic region, enabling banks and licensed financial institutions to access Swift connectivity through its Payments Platform.
Funding · 06 Aug · EUR 8.0M
Mūsa Motors Group received 8 million euros in financing from OP Corporate Bank plc to support the entry of OMODA and JAECOO into the Baltic market.
Launch · 06 Aug · —
Aspora is establishing its European Union operations center in Vilnius and will soon obtain an electronic money institution license in Lithuania.
Funding · 06 Aug · EUR 5.2M
Inevitable AI Group raised €5.2 million in pre-seed funding from Aleph to launch AI-native SaaS companies.
Launch · 05 Aug · —
Unmanned Defense Systems launched significant updates to its FORECASTER ISTAR reconnaissance drone, including an RF detection system and remote mission control capabilities.
Launch · 04 Aug · —
Rimti launched 'Pirkimai.app', a system that automates public procurement selection, filtering relevant offers and delivering them directly to users' inboxes.
Launch · 04 Aug · —
Perlas Finance is expanding its payment solutions, particularly the 'Perlas Pay' platform, across the Baltic States and Poland, with significant growth in transaction volumes and user adoption.
Launch · 04 Aug · EUR 5.0M
BeMyBond launched a bond program for the Gilesta Group housing project 'Miško Rivjera' in Vilnius, with a total issuance of 5 million euros.
Launch · 03 Aug · —
Pdkinematics is developing precision targeting systems that help drones hit targets more accurately even when GPS signals are blocked.
Exit · 03 Aug · —
SIRIN Development sold a 16,000 square meter logistics center in the Kaunas Free Economic Zone to the furniture trading company Araneta.
Launch · 01 Aug · —
Launch of 'Space Snacks', protein-enriched snacks inspired by the European Space Agency, set to reach consumers in August.
Launch · 31 Jul · —
Eldrive launched a new electric vehicle charging location in Palanga, featuring two 200 kW charging stations near a Rimi store, expanding their network in Lithuania.
Exit · 30 Jul · —
UAB "Diab" is shutting down after failing to compete with Chinese companies, laying off all employees and ceasing operations.
Hire · 29 Jul · —
Žanas Neimantas joined the board of Detonas.
Funding · 29 Jul · EUR 1.2M
Sigvi raised €1.2 million in pre-seed funding to accelerate product development and international expansion.
Hire · 29 Jul · —
Mindaugas Savickas is joining Hostinger as the Brand and Communications Manager after leaving his position at SEB.
Launch · 29 Jul · —
Vinted is conducting early-stage tests in the U.S. with encouraging initial results.
Launch · 28 Jul · —
Kidstoys.lt offers a range of toys for children, focusing on quick delivery and a unique business model that keeps stock on hand.
Launch · 27 Jul · EUR 2.2M
Lemon Gym will invest 2.2 million euros in renovations and the setup of a new gym in Kaunas, continuing its expansion efforts.
Launch · 27 Jul · —
Myreader launched an AI-based reading assistant that allows users to upload any book and link it to AI.
Exit · 24 Jul · —
The U.S. company Vance has acquired control of the Lithuanian electronic money institution Hokodo.
Launch · 23 Jul · —
Būsto stilius is launching operations at the Peace Business Park, focusing on selling construction and finishing materials with a new physical space for product exhibition and customer consultation.
Launch · 23 Jul · —
Basa pėda has launched a new physical store and warehouse at the Peace Business Park, enhancing their online store operations with a convenient location for customer service and logistics.
Launch · 21 Jul · —
PDKINEMATICS is preparing to launch a new technology addressing critical radio communication issues on the battlefield, aimed for testing and application in Lithuania and Ukraine later this year.
Launch · 21 Jul · —
Testing of a new AI technology for self-service checkouts in Rimi stores in Lithuania, aimed at improving product recognition and shopping efficiency.
Launch · 17 Jul · —
UAB „Hautica“ officially opened its new factory and administrative premises in the Kaunas Free Economic Zone on July 17.
Launch · 17 Jul · —
SIRIN Development plans to expand with five additional modern buildings in Kaunas LEZ, increasing their total area to over 175,000 square meters.
Exit · 16 Jul · —
Lithuanian startup Spike has been acquired by US healthcare platform Raintree.
Launch · 16 Jul · —
Eldrive has launched a new Trip Planning Tool in its app to help users plan longer trips with electric vehicles, available from July 16, 2026.
Launch · 15 Jul · —
Blue Bridge launches a new Security Incident Management service to assist organizations in managing cyber incidents effectively.
Hire · 13 Jul · —
Evelina Milė resigned from her CEO position at a transport company to become the Head of Products and Innovations at NFQ Technologies.
Hire · 13 Jul · —
Daiva Budrikė joins the management team as Marketing Director.
Funding · 13 Jul · EUR 113.6M
Oxylabs ends bootstrapped streak after securing €113.6M at €3.1B valuation.
Launch · 02 Jul · EUR 2.4M
Letsinvest launched its first project in Luxembourg, raising 2.4 million euros for the 'Heritage Residences' project.
Funding · 18 Jun · EUR 5.0M
Pioneera Biosciences raised over €5 million in its latest funding round.
Funding · 17 Jun · EUR 2.0M
PDKINEMATICS received funding through the 'Defense Innovation Vouchers' to develop advanced precision targeting systems for military use.
Launch · 01 Jun · —
Energy Balancing began providing balancing services using its own virtual power plant, allowing it to purchase electricity from producers and trade it on the exchange while participating in balancing markets.
Hire · 08 May · —
Mantas Kuncaitis has resigned from his position as the CEO of SBA Urban after 7 months of service. L. Šepetys resumes his role as head of the company.
Funding · 28 Apr · EUR 8.0M
LITILIT has received an €8 million loan to develop its FEMODA platform for femtosecond lasers.
Funding · 15 Apr · EUR 2.0M
Outcraft AI raised EUR 2.0M in pre-seed, led by Practica Capital.
Funding · 31 Mar · EUR 22.0M
Exercise Investment, operator of the Lemon Gym club chain, issued a EUR 22 million bond at the end of March 2026 to finance expansion across the Baltic states. The bonds were acquired by funds managed by Polish private debt investor CVI.
Hire · 25 Mar · —
Oxylabs announced a leadership transition in which founder Julius Cerniauskas moves to Chairman of the Board and Vytautas Savickas becomes CEO of the Oxylabs group starting the following quarter.
Funding · 04 Feb · EUR 5.0M
Axiology raised EUR 5.0M in seed.
Funding · 12 Jan · —
Cast AI raised an undisclosed amount in strategic, led by Pacific Alliance Ventures.
Exit · 28 Nov · —
Investment firm Aggressive Capital, through its newly formed Longevity Fund vehicle, filed for approval to acquire an 88.1 percent stake in Exercise Investment, the holding company operating the Impuls and Lemon Gym fitness club chains in Lithuania. The filing was reported on November 28, 2025 and required clearance from Lithuania's Competition Council.
Funding · 01 Nov · EUR 540K
CBRX raised EUR 540k in pre-seed.
Funding · 31 Oct · EUR 1.1M
Luna Robotics raised €1.08 million from Coinvest Capital, Plug & Play EMEA Ventures GmbH, and international business angels to advance its defense tech innovation.
Funding · 20 Oct · EUR 30.0M
nexos.ai raised EUR 30.0M in Series A.
Funding · 20 Oct · EUR 30.0M
Vilnius based nexos.ai (Nexus AI), founded by Nord Security co-founders Tomas Okmanas and Eimantas Sabaliauskas, raised a EUR 30M Series A led by Index Ventures and Evantic Capital, with seed backers Creandum and Dig Ventures also participating. The round valued the company at roughly EUR 300M, six months after its seed round.
Funding · 01 Sep · —
Veli raised an undisclosed amount in seed, led by Omorika Ventures.
Funding · 26 Aug · —
Creem raised an undisclosed amount in pre-seed, led by Practica Capital.
Funding · 11 Aug · —
GREÏ raised an undisclosed amount in pre-seed.
Funding · 10 Jun · EUR 1.6M
Traxlo raised EUR 1.6M in seed, led by Coinvest Capital.
Funding · 10 Jun · EUR 14.9M
sintra.ai raised EUR 14.9M in seed, led by Earlybird VC.
Funding · 01 Jun · EUR 2.0M
Repsense raised EUR 2.0M in seed.
Funding · 30 Apr · EUR 95.0M
Cast AI closed an oversubscribed $108 million Series C co-led by G2 Venture Partners and SoftBank Vision Fund 2, with Aglaé Ventures and existing investors participating, to scale application-performance automation.
Funding · 27 Jan · EUR 22.7M
Atrandi Biosciences secured €22.7 million in funding, placing third in investment size in Lithuania.
Funding · 22 Jan · EUR 7.7M
nexos.ai raised USD 8M led by Index Ventures, with participation from Creandum, Dig Ventures, and technology-industry angel investors.
Funding · 15 Jan · EUR 7.8M
Nexus AI raised €30 million in funding, ranking second by investment size in Lithuania.
Exit · 24 Oct · EUR 340.0M
Vinted completed a €340 million secondary share sale led by TPG, providing liquidity to existing holders and valuing the company at €5 billion.
Funding · 03 Sep · EUR 315K
Lithuanian EdTech startup Alfa erdvė raised EUR 315,000 from business angels in its first external early-stage round to accelerate its AI-based mathematics learning platform.
Funding · 26 Jun · EUR 90K
UAB EditAI received EUR 90,374.84 in RRF grant funding for an AI-based integrated education-content platform; the project contract became effective on 26 June 2024.
Funding · 24 May · EUR 3.2M
Lithuanian drone maker Unmanned Defense Systems raised EUR 3.2 million from private investors to accelerate its swarm drone technology and AI-based battlefield management system integration. Coinvest Capital led the round alongside business angels and the NGL angel syndicate.
Funding · 08 Feb · EUR 2.0M
Axiology secured a EUR 2 million investment round co-led by Baltic Sandbox Ventures and Coinvest Capital to develop regulatory-compliant tokenised-securities infrastructure.
Funding · 28 Nov · EUR 30.0M
The European Bank for Reconstruction and Development committed a EUR 30 million equity investment for a 40 percent stake in Urban Hub Holding, the SBA Urban joint venture developing small business unit and last mile logistics projects in the Baltics. TABA Invest contributed an additional EUR 11 million in equity to the same projects.
Funding · 07 Nov · EUR 32.8M
Cast AI closed a $35 million Series B from Vintage Investment Partners and existing investors Creandum and Uncorrelated Ventures to expand its Kubernetes cost-optimization platform.
Funding · 01 Nov · EUR 800K
Repsense raised a further EUR 800,000 pre-seed round from Iron Wolf Capital, Coinvest Capital, Baltic Sandbox Ventures and private angels for its public-information analytics platform.
Hire · 01 Sep · —
Ilona Lekavičiūtė has been appointed as the General Director of Wargaming Vilnius, replacing Mantas Katinas.
Hire · 03 Jul · —
Belinda Tabe has been appointed as the new head of Spectro Finance, replacing Tadas Dapšys.
Funding · 31 May · EUR 600K
Traxlo raised EUR 600K in fresh pre-seed capital from existing investors Iron Wolf Capital, Antler and Red Pill VC, joined by Black Pearls VC and a US angel, bringing pre-seed funding to EUR 1.1M.
Funding · 16 Mar · EUR 18.9M
Cast AI closed a $20 million investment round led by Creandum, which invested $15 million, while unnamed existing investors contributed another $5 million.
Funding · 21 Feb · EUR 500K
Repsense secured EUR 500,000 in a round led by Iron Wolf Capital and Coinvest Capital to grow its data-driven digital-reputation platform.
Funding · 10 Mar · EUR 378K
Traxlo raised EUR 378K in a pre-seed round led by Iron Wolf Capital, with Antler, Marius Jakulis Jason Foundation, Red Pill VC and angels participating.
Funding · 12 Oct · EUR 8.7M
Cast AI completed a $10 million Series A led by Cota Capital, with Samsung Next participating, to accelerate development of its autonomous Kubernetes cloud-management platform.
Exit · 01 Jun · —
Livonia Partners agreed to sell its Santa Monica Networks divisions in Lithuania and Latvia to Latvian mobile operator LMT, pending regulatory approval. SMN's Lithuanian operations had sales of EUR 12.4 million in the prior year.
Funding · 14 May · EUR 500K
Mindletic raised EUR 500,000: CoInvest Capital invested EUR 240,000 and Startup Wise Guys, the Vilnius University endowment fund, and seven named business angels supplied the remaining EUR 260,000.
Funding · 12 May · EUR 250.0M
Vinted raised €250 million in Series F funding led by EQT Growth, at a €3.5 billion pre-money valuation, to expand geographically and invest in trust, safety, and product development.
Funding · 18 Nov · EUR 6.5M
Cast AI closed a $7.7 million seed round, with TA Ventures, DNX Ventures, Florida Funders and unnamed angels participating, to continue building its multi-cloud management platform; the round closed in June and was first reported on November 18.
Funding · 28 Nov · EUR 128.0M
Vinted raised €128 million in a Series E led by Lightspeed Venture Partners, with Hubert Burda Media participating, at a valuation above €1 billion.
Exit · 03 Sep · —
US travel search company Kayak acquired a roughly 40 person engineering team and office equipment from NFQ Technologies in Lithuania, deepening an eight year partnership that began with Kayak acquiring the Swoodoo flight search engine NFQ had built. Deal terms were not disclosed.
Funding · 29 Aug · EUR 50.0M
Vinted closed a €50 million financing round led by Sprints Capital, with existing investors Hubert Burda Media and Insight Venture Partners participating during a period of rapid marketplace growth.
Exit · 01 Mar · —
Livonia Partners acquired a controlling stake in Santa Monica Networks' Lithuanian and Latvian operations in March 2017, with company management retaining a significant minority stake. The Baltic division generated EUR 23.4 million revenue in 2016 and employed 52 people in network and IT security solutions.
Funding · 09 Dec · EUR 24.7M
Vinted raised $27 million in Series C funding led by Hubert Burda Media, with Accel Partners and Insight Venture Partners participating, to support expansion beyond Europe and the United States.
Funding · 31 Jan · USD 27.0M
Vinted raised $27 million in its second institutional financing from Accel Partners and Insight Venture Partners to grow its US business and team.