work in progress

Exits. Spike Technologies have been acquired by Raintree, leading US platform for rehabilitation and physical therapy providers. Spike initially launched with API focus and quickly expanded into agentic AI voice technology for healthcare - which accelerated the company, bringing successful acquisition. Congrats founders, team, and investors!

2025 was pretty eventful for exits — we've seen Prometheus (Bezos AI venture) acquiring General Agents, Netflix buying Ready Player Me. Also, Apple completed Pixelmator acquisition. We may see (not anywhere confirmed and this may not be full picture) the outcome in LT entity financials here. Congratulations to this amazing team, too.

Baltic startup scene exits, announced in 2026

Vespia (EE) - acquired by Veriff
Envoice (EE) - acquired by Scoro
Messente (EE) - acquired by RingCentral
SensusQ (EE) - acquired by Quantum Systems
HEVI Optronics (EE) - acquired by Quantum Systems
Blue EMI (LT) - acquired by Checkout.com
Brolis Defence (LT) - acquired by ETNA Capital
PassCamp (LT) - acquired by Hucency
Oxipit (LT) - acquired by Sectra
Emmi AI (LV-founder) - acquired by Mistral AI
Spike Technologies (LT) - acquired by Raintree Systems

Passion. It's hard to stop founders pursuing something they love. Business may or may not work, but they tend to do an extra effort - and have fun with it. In this bucket, Iida Kaisa with Artopia, Vejas with Rhino Racing, Andrius with AmeraLabs.

Fintech. What's not to like about Paystrax story: founders of Iceland choose LT to get going 7 years ago, secured the license, and ramped up from EUR 4M to 40M in revenue (2021 to 25); part of that is targeting higher-risk verticals. Keep an eye on VIALET - B2B focused, they keep growing and hiring.

Sports. Given Oxylabs is now an official unicorn, we should list out their "founder factory” - ex Oxy talent that launched their own products and startups. But this brings us to sport, first. After 4 years, Povilas is leaving as Co-Founder & CEO at Hezzy — building educational basketball ecosystem (courses, AI coach and more) - lovely concept. Fun to see what Estonian Skillcard is building - combining hardware with insights. Mediatech is proud (and should be) to support LTU Aquatics as the main sponsor.

Bootstrapping into smth very serious. Kaching Appz is absolutely astonishing: now at 20M ARR! Livity app slowly yet suddenly is 13k users, VCs calling too late. Axiometa is just casually doing a Hackathon with Anthropic, this weekend.

Likely overlooked. Some companies are so impressive, but now talked about (yet) everyday. Eneba's P&L for 25’ shines, so lots of talent needed. Furniture1 is massive company (rumored 100M+), hiring a lot, too. Cloudvisor has been growing and growing, large team in impressive performance, bootstrapped firm.

People moves. Eldorado welcomes new CMO - Aiste Juknaite. Out of a sudden, Ivan launches a recruitment agency. Tomas joins ScaleWolf to bolster regional efforts. Dainius leaving Hostinger for smth new. Contrarian Ventures welcomes Henry Cerbone as a PhD Fellow. Laurynas, ex Pulsetto, Mechanical Design Engineer, looking for new gig. condense.chat started hiring pirates.

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rounds and capital

• Spike Technologies get acquired by Raintree Systems for undisclosed amount - their investors include Practica Capital, TheVentureCity, Geek Ventures Fund, CEAS Investments, Plug and Play, and APX.
• Display.dev raises €470,000 to build Google Drive for AI agents - pre-seed funding from Outlast Fund, FIRSTPICK, Curiosity VC, and Wise’s first product manager Henrik Bohman.

brand + design

Would you put your name on this? Contra Labs (co-founded by Lithuanian Gajus Kuizinas) is producing actionable research on AI creativity for companies. Latest study put AI models (Sol, Fable and others…) on ten identical landing page briefs. Nine designers were asked the question: would you put your name on this?

Only one page out of forty cleared that bar with all nine designers. It was built by Fable from super tight brief: section order, typography, grid, palette, motion, negative constraints, all decided by a human first.

Hand Fable that exact spec, and its client-readiness jumps from 31% → 72%. Prompt just with a “mood” and that's how you end up in the other 39.

…and all of them apparently still produce the same output for everybody.  

founder's guide

With AI, the founder age suddenly dropped to — we've all seen super young teams getting first products out into the market, moving way faster than anyone else. But now AI capabilities are more clear, and domain expertise + taste + judgement is critical - YC is seeing the return of experienced builders.

Tadas shares setup he ran when at GitHub - Your first PM can’t read your mind. Build them a shared brain.

On building a personal brand - be helpful to others.

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