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.
Hire · 29 Jul · —
Mindaugas Savickas is joining Hostinger as the Brand and Communications Manager after leaving his position at SEB.
Funding · 29 Jul · EUR 1.2M
Sigvi raised €1.2 million in pre-seed funding to accelerate product development and international expansion.
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 · —
Myreader launched an AI-based reading assistant that allows users to upload any book and link it to AI.
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 · —
Sinai.ai launched a platform that allows users to interact with books through an AI chatbot.
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.
Funding · 21 Jul · EUR 5.0M
ORiS has secured €5M in funding to advance its laser-based wireless power transmission technology.
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 · 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 · 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 · —
Nerijus Kalinauskas has taken on the role of director at INK agency as of July 13.
Funding · 13 Jul · EUR 113.6M
Oxylabs ends bootstrapped streak after securing €113.6M at €3.1B valuation.
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.
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 · 15 Apr · EUR 2.0M
Outcraft AI raised EUR 2.0M in pre-seed, led by Practica Capital.
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.
Funding · 19 Dec · EUR 1.0M
GameTech has delivered over €1 million in grants to participating studios to support production, talent, and market validation.
Funding · 01 Nov · EUR 540K
CBRX raised EUR 540k in pre-seed.
Funding · 31 Oct · EUR 1
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
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 · 20 Oct · EUR 30.0M
nexos.ai raised EUR 30.0M in Series A.
Launch · 06 Oct · —
GameTech Accelerator launches its 3rd edition with 11 studios.
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 · 31 Jul · —
Handwave raised an undisclosed amount in seed, led by Practica Capital.
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 30.0M
Nexus AI raised €30 million in funding, ranking second by investment size in Lithuania.
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.
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 · 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 · 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.
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.
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.
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.