How The Startup Scene Evolved In Lithuania
NOVEMBER 2, 2015
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
FEBRUARY 11, 2015
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.
Dealflow from Lithuania: These #LTstartups are raising over $100M
MARCH 6, 2015
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
OCTOBER 14, 2014
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
NOVEMBER 1, 2015
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
FEBRUARY 23, 2015
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
JANUARY 21, 2014
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!
APRIL 11, 2014
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
MARCH 13, 2013
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
FEBRUARY 12, 2014
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
FEBRUARY 4, 2014
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.
Global Innovation 2011
Gregg Fraley, Author of Jack's Notebook
JULY 2, 2011
Creativity and Self-Expression Innovation Politics & Government Trends, Futurism, and Research Alcatel-Lucent Booz and Company Chile China Confederation of Indian Industry Creativity Demark economics Finland Global Innovation Index Greece Gregg Fraley INSEAD Lithuania Moldova Sweden Switzerland UK United Nations USA World Intellectual Property Organization
Lwallet Charms Lithuania With Loyalty Card Storage
JANUARY 10, 2014
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
APRIL 20, 2011
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
SEPTEMBER 14, 2015
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.
Lithuania's Vinted Becomes Highest Valued Baltic Startup with new €20m B-Round
FEBRUARY 1, 2014
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
NOVEMBER 26, 2013
Eskimi , the Lithuanian-founded mobile social network that''s been booming in parts of Africa, has been making a few important partnerships lately.
Alien Technology Transfer plans to open office in Lithuania
FEBRUARY 1, 2016
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
NOVEMBER 6, 2013
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
APRIL 25, 2014
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
APRIL 13, 2016
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
NOVEMBER 13, 2015
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
JULY 3, 2010
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.
Here are The Missing Positives of This Election
Both Sides of the Table
NOVEMBER 6, 2016
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.
A list of things large companies could do without
Start Up Blog
JUNE 14, 2014
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.
Latvia – A Rising Star for International Entrepreneurs
Blogtrepreneur | Entrepreneur Blog
JULY 22, 2015
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.
Complete Baltic Investment & VC Market Overview
APRIL 19, 2013
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.
Estonian Taxify first in the world to launch mobile billing for cabs
MAY 5, 2015
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?
FEBRUARY 3, 2015
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
MARCH 15, 2016
Investors included Imprimatur Capital , Coffee Ventures and Zbigniew Gulbinowicz (Blue Bridge Baltic Lithuania).
Should You Start A Fintech Startup In The Baltics?
FEBRUARY 9, 2016
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
FEBRUARY 23, 2016
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
DECEMBER 10, 2013
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 Capital one of the first European VC investors in the space industry with NanoAvionics
MAY 13, 2015
Practica invests into marketplace for beauty professionals
JULY 31, 2014
Tokia has so far seen 13,000 users in their native Lithuania, where members can select from 300 registered professionals.
Do Mobile Wallets need to band together?
JULY 23, 2014
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.
TRAFI founder Martynas Gudonavicius: ‘The more chaotic the city, the better for us’
OCTOBER 29, 2014
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.
Join a conference simulcast near you
Startup Lessons Learned
DECEMBER 1, 2012
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.
Highlights From the 1st Web Design Hackathon in the Baltics
JANUARY 12, 2015
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.
Key facts and figures from #LOGIN2015
MAY 18, 2015
Here are some key facts and figures from Lithuania's biggest startup conference : We had a great time at #LOGIN2015 and met many exciting #LTstartups there. Big supermarkets count money, LOGIN 2015 team counts impact.