Lithuanian interpretation startup Interactio has raised $30 million in a Series A round led by Eight Roads Ventures and Storm Ventures. Practica Capital, Notion Capital, Change Ventures, and Angel Investors Jaan Tallinn and Young Sohn also participated. The startup is reporting that the funding will be used to further support the exponential growth that was […]
Lithuanian consumer-to-consumer second-hand fashion platform Vinted has raised €250 million in a Series F round led by EQT Growth. The round also saw participation from previous investors Accel, Burda Principal Investments, Insight Partners, Lightspeed Venture Partners, and Sprints Capital, and provides the company a pre-money valuation of €3.5 billion. As part of the deal, EQT’s […]
(Editor’s note: this a guest post from Adam Niewinski, co-founder and managing partner at OTB Ventures, a VC fund focused on early-stage tech companies in Central and Eastern Europe.) Central and Eastern European countries have been tech laggards for many years, but the tide is turning, and the CEE region is rebranding to become the […]
Vilnius, Lithuania-based lender SME Finance has received €80 million in backing from the European Investment Bank to support small and medium-sized businesses across the Baltic region. SME Finance, which provides a fintech platform for non-banking financing in the Baltic states, says it will use the investment to meet the working capital financing needs of enterprises […]
Vinted, a Lithuanian online used-clothing retailer, has raised €128 million euros (roughly $140 million) in a funding round that valued it at more than €1 billion, making it the small Baltic nation’s first tech unicorn. The round was led by Lightspeed Venture Partners and joined by prior backers such as Sprints Capital, Insight Venture Partners, […]
Earlier this summer, I had the opportunity to spend a few days in Lithuania to check out the startup scene there. I’d never been to Lithuania before, but the country has long been on my radar. Part of the reason for this is the many initiatives the country is putting forward to help develop their […]
This week, Natalie Novick and Andrii Degeler talk about the rush for financial licences in Lithuania, Revolut’s standoff with Lithuanian authorities, the future of work, and more. Also, check out an interview with MEP Julia Reda on the Copyright Directive.