How The Startup Scene Evolved In Lithuania

ArcticStartup

But what about startups that are based in tiny countries, as Lithuania – a small country in Eastern Europe, where the population is hardly 3M people and the minimum salary less than $350/month? When did the entrepreneurial scene in Lithuania begin to flourish? Photo: Shutterstock.

Vilnius Tech Park: Massive new Startup Hub in Lithuania

ArcticStartup

All major venture capital funds in Lithuania including- IMI.VC , Practica Capital , BaltCap , and Nextury Ventures say they will be moving to the tech park along with some of their portfolio companies. Editor''s Note: This guest blog was written by Edmundas Balcikonis from Trackduck.

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Dealflow from Lithuania: These #LTstartups are raising over $100M

ArcticStartup

Lithuania is one of the smallest countries in Europe with a population of 3 million. GameInsight is a global game development giant, which moved its headquarters to Vilnius, Lithuania in 2014. 1 solution in Lithuania, Latvia and Nigeria in 5 months. A guest post by Edmundas Bal?ikonis

ArcticStartup's Guide To Lithuania: Top Startups, Events, Spaces

ArcticStartup

Infrastructure is accessible and connectivity is cheap, maybe this is one of the factors in Lithuania''s focus on mobile reported by TC Disrupt ''13. Startup Lithuania - the central one-stop-shop platform for all info for and about Lithuanian startup scene.

Berlin to Lithuania to New York: The Travels Of An Accidental Entrepreneur

Inc Startups

Two entrepreneurs from Berlin and Rome, meet in Portland, study in New York City then move to Bangkok to build a company - there is no punch line, as this is no joke.

Crowdfunding Lithuania - Takeaways From The Event

ArcticStartup

ou Can’t Escape Lithuania , ?W?e Editor''s note: this is a guest post by Toma Kondrat? from Startup Highway. On 17th February, 2015 S?tartupHighway tartupHighway ?

Lithuania's Mobile Worker looks to boost productivity

ArcticStartup

This might be the first such app we’ve covered that’s arrived out of Lithuania though, so let’s take a look at it. When it comes to time tracking and productivity apps Mobile Worker for Android aren’t the first we’ve covered here at ArcticStartup.

We're down in Vilnius, Lithuania for Login!

ArcticStartup

Half of our team has been at Login , the huge tech conference in Vilnius, Lithuania, picking up stories and feeling out the buzz between the demo booths.

Dragdis From Lithuania: The Ultimate Bookmarking Tool Is Finally Here

ArcticStartup

With so many great bookmarking startups such as Pocket or Finland's Kippt , you might think that the title is a huge overestimation. However, I assure you that my new favorite, Dragdis , has solved it. ?The

Lithuania-Founded GetJar Reportedly Acquired for Above $50 million

ArcticStartup

Big exit news in the Baltics: Lithuania-founded GetJar has reportedly been acquired by Sungy Mobile Limited , a Chinese company behind Go for Android and a top publisher of applications on the Google Play store.

Lithuania's Practica Capital announces €15.7 Million Final Close

ArcticStartup

The VC also runs Startup.lt, an accelerator close to the center of Lithuania''s startup scene. Our fingers are getting tired of typing this intro but it''s good news for this region''s entrepreneurs.

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Lwallet Charms Lithuania With Loyalty Card Storage

ArcticStartup

Most of us enjoy taking advantage of promotions offered by retailers but we find ourselves with a baffling problem; signing up on even half of the loyalty programs out there will make you hate plastic cards more than you thought possible. There’s simply too many of them.

Results From Startup Weekend Lithuania

ArcticStartup

The latest addition to the recently held events is Startup Weekend Lithuania. Mentorship is big part of any Startup Weekend so the event in Lithuania hosted ten leading local entrepreneurs, investors and developers. One of the event's top guest was US ambassador to Lithuania Mrs Anne E. Another Startup Weekend event in Lithuania is already being planned for early autumn.

Uber for bikes on the rise in Lithuania

ArcticStartup

Dropbyke is a stationless bike-sharing system working via a mobile app. It lets you hire a bike just like you would hire an Uber car - just open the app, search for a bike, get accesss and enjoy the ride. Dropbyke runs on existing bike infrastructure.

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Lithuania's Vinted Becomes Highest Valued Baltic Startup with new €20m B-Round

ArcticStartup

VC''s are betting there''s big money in those old clothes in your closet. Lithuanian news sites are reporting that Vinted has just signed a €20 million Series B with Insight Venture Partners at a roughly €100 million post valuation. Accel also participated pro rata - previously Vinted raised $6.5 million from Accel Partners. Alan Martinson at Baltic Startup Watch points out the 80m pre-money valuation makes Vinted the highest-valued startup in the Baltics.

Lithuania's Eskimi Positions itself in Africa with Partnerships with Nokia and Operators

ArcticStartup

Eskimi , the Lithuanian-founded mobile social network that''s been booming in parts of Africa, has been making a few important partnerships lately.

This year the internet arrives in Australia

Start Up Blog

Some of the countries with faster internet include Kenya, Lithuania, Slovenia, Moldova and many developing economies. We don’t really have the internet in Australia. I mean, sure we are connected to it, but we aren’t even in the top 50 countries for internet speeds.

Alien Technology Transfer plans to open office in Lithuania

ArcticStartup

The company has ambitious plans for its unit in Lithuania. “ This process revealed the clear competitive advantages Lithuania has to offer in terms of taxation, pricing, and labour costs.”

Tag of Joy: Games, Fun and Innovation in Lithuania

ArcticStartup

Editor’s note: This is a guest post by Conrad Rasmussen, concept designer and copywriter at Tenfour , a creative communications agency based in Töölö. I recently met Tag of Joy – the Lithuanian gaming startup –at AppCampus here in Finland.

Lithuanian Startup Community welcomes VKontakte founder looking for freer hub

ArcticStartup

The Facebook post got a huge number of replies, but Eddy Balcikonis, CEO of Lithuania-based Trackduck wrote an open letter on his blog as an invitation from the Lithuanian startup community. Also lots of support from government to startup community with initiatives like Startup Lithuania.

Uber Aims To Double Its Lithuanian Engineering Team During 2016

ArcticStartup

Uber is launching a recruitment drive to expand its global engineering centre in Lithuania. Lithuania has some of the most talented engineers in the world and I can’t wait to recruit more of such high calibre engineers,” says Thuan Pham, Chief Technology Officer of Uber.

Baltic startup scene in numbers

ArcticStartup

Data from Estonian Development Fund ( Startup Estonia ), Altum ( Labs of Latvia ) and Enterprise Lithuania ( Startup Lithuania ), as well as crowdsourced community sheets. in Lithuania. Latvia and Lithuania both have 3 exits, most undisclosed.

Lithuania Steps Up its Game

ArcticStartup

The folks from Barcamp Lithuania have been pretty active in the Baltic region, visiting Finland and Estonia to promote their startup scene. Finland and Estonia aren’t the only growing hotbeds for entrepreneurship in the Baltics.

A list of things large companies could do without

Start Up Blog

Global alignment: Ensuring the packaging for Australia is the same as the packaging in Lithuania when the product comes out of different factories and is served in different cultures. I’ve spent an equal amount of time in large corporates and startups. With the success that large companies have achieved comes an entirely new set of cultures which they could do without. So here is my top 10 list of behaviours large companies could do without: Public reading events.

Here are The Missing Positives of This Election

Both Sides of the Table

Liberia, Argentina, Bangladesh, Lithuania, Trinidad, Brazil, Kosovo, Slovenia, Denmark, Jamaica, South Korea, Norway, Poland & Croatia. It’s hard to feel any positives these days: We’re in the eye of the storm. We’re at peak anxiety. Maximum rancor.

Complete Baltic Investment & VC Market Overview

ArcticStartup

We can expect to see a lot more exits from the second wave in the next two to three years, which should also add a number of good exit stories for Latvia and Lithuania. Similarly in October of 2008 the same agreement was signed in Lithuania in the amount of 290 million EUR. LITHUANIA.

Latvia – A Rising Star for International Entrepreneurs

Blogtrepreneur | Entrepreneur Blog

To complement the country’s shipping ports, a high-speed route from the Polish border to central Lithuania has already started and phase two of the project will see it connect with Latvia’s Riga and Estonia’s capital Tallinn, encompassing 455 miles altogether. Latvia isn’t a country that immediately springs to mind when you think of economic heavyweights, but this small state, tucked quietly away by the Baltic sea, is actually one the world’s growing economies.

Estonian Taxify first in the world to launch mobile billing for cabs

ArcticStartup

Taxify team has also revealed their plans to expandit to Latvia and Lithuania in the near future Estonian Taxify offering taxis at the push of a button in 7 countries is now making sure payments are just as easy.

Does Rewalon have a shot at gamifying corporate B2C?

ArcticStartup

In its two years of operations Rewalon has secured major clients in Lithuania, Latvia and Russia. Despite doing well in Lithuania, Latvia and Russia, Rewalon could not expect hockeystick growth stats globally as its business model was tied to local rewards.

Latvia's BranchTrack Raises Seed Round

ArcticStartup

Investors included Imprimatur Capital , Coffee Ventures and Zbigniew Gulbinowicz (Blue Bridge Baltic Lithuania).

Should You Start A Fintech Startup In The Baltics?

ArcticStartup

Among top 10 disclosed investment deals in Estonia , Latvia and Lithuania , the funding invested in FinTech is considerably larger than in other industries. The exception is Lithuania where TransferGo (€ 2 936 550) investment constitutes a minority (2.26%) of top 10 deal volume.

Latvian Peer-To-Peer Lending Marketplace Closes €2 Million Seed Round

ArcticStartup

At the moment, seven non-bank lenders from Estonia, Georgia, Latvia, and Lithuania have joined the platform, and more than 4500 investors from over 40 countries across the world are currently using Mintos.

Estonia to Invest €60 Million Into Startups

ArcticStartup

This comes just a few months after the announcement of the Baltic Investment Fund, and is also a nice counter-balance to the JEREMIE funds that are available in Latvia and Lithuania. ?From

Practica invests into marketplace for beauty professionals

ArcticStartup

Tokia has so far seen 13,000 users in their native Lithuania, where members can select from 300 registered professionals.

Practica Capital one of the first European VC investors in the space industry with NanoAvionics

ArcticStartup

Do Mobile Wallets need to band together?

ArcticStartup

Mobile wallets have long been popping up, and now can be brought together under Lithuania''s WoraPay , if the company uses it''s fresh €400,000 raise by Israel''s Entrée Capital correctly.

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Startup Lessons Learned

Israel: Haifa Italy: Cesena Milan Rome Kuwait: Kuwait City Lithuania: Vilnius, Jasinskio 16C Vilnius, 6 Šermukšni? One of the most important things we do with The Lean Startup Conference is make a livestream of the plenary talks available for free to groups around the world, supporting entrepreneurship communities everywhere. The number of hosts has grown annually, and this year, we have 200+ groups joining us on Monday, December 3. They represent more than 10,000 people total.

TRAFI founder Martynas Gudonavicius: ‘The more chaotic the city, the better for us’

ArcticStartup

in Lithuania. TRAFI took off in Lithuania and has quickly expanded to Latvia and Estonia. Following the investment from Practica Capital they have returned to Lithuania and even hired some more Lithuanians to come back from Google.

Highlights From the 1st Web Design Hackathon in the Baltics

ArcticStartup

To make the event truly pan-Baltic, we supported event from Lithuania via Skype and gave all participants free TrackDuck design and development feedback tool subscriptions. Editor''s note: This is a guest post contributed by Trackduck.

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