Startup scene in Lithuania - weekly newsletter

7 (out of 10)

7 (out of 10)
Photo by Miglė Vasiliauskaitė / Unsplash
Good very late morning friends!
Lithuania Tech Weekly #73
Subscribe at philomaths.tech

work in progress

  • Re-ve-nu-e 2021. Our little startups growing up? Vinted EUR 245m, Kilo Health EUR 100m+, Nordcurrent, EUR 62m and expecting 110m this year. Also there is Nord Security, some more hundreds for sure.
  • Travel is back? At least it wanted to get back (right before we got a call from inflation). In the recent Adapt to Endure (aka survive the crisis), Sequoia refers to AirBnB - how they handled covid and came out much stronger. In this vertical we've got Ratepunk (#18 on App Store UK, #20 USA), Eddy AI B2B platform (growing with Visit Dubai, LT airports and other customers), GlobeTrott Travel, which has been selected to participate in the Madeira Startup Retreat, Tinggly has been giving stories (not stuff) since 2014, and Hoperfy is actively fundraising.
  • Events. Raimonds (with BADideas) compares Baltic startup events and we need your vote (if you have been to all three, ever?). Clearly no shortage of events in the region - but what if we had Baltijos Slušas instead?? Also, check these quick interviews at Startup Fair from Arunas+Martynas.

rounds and capital


sponsored by Google

roleplay

Nanoavionics - Head of Production
Contrarian Ventures - Chief of Staff
Speiz (new round?) - UX/UI Designer, Marketing Lead, BDs...
Genome - Head of Commercial
H Drop - Head of Marketing

founder guide

insights

  • Social movements, like #metoo create change - in reported crimes, even a rise in performance.
  • Zinc (in UK) is another talent accelerator, with tech-for-good focus ("those individuals are 10 to 20 years into their career but are frustrated that they are not having the social impact they want")
  • AWS for Industry, But Better: The Railroad Investment Case (the Diff)

how are we doing?

  • Readers open TP letters with remarkable consistency (see below). We are privileged to be connected to this amazing community - most venture investors and top startup executives in Lithuania. We recently ran a survey, and it is super interesting what people think about the content we do. Thank you all for contributing!

However, Tech Philomaths is free, ad-supported newsletter. We need your help to keep this going & growing:

  • Book sponsored post (50-70 words + photo) in an upcoming issue
  • Share your job opening - (free for early-stage startups) - email us for details
  • Share these letters with your team, friends, cousin in Australia, others...

Have a lovely weekend! DMs always open.

Subscribe to Tech Philomaths

Sign up now to get access to the library of members-only issues.
Jamie Larson
Subscribe