5 min read

Colts roaming

Colts roaming
Photo by Marius Karotkis on Unsplash
Lithuania Tech Weekly #178
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Job board - early-stage Baltic startups - here

Many invites for subscribers and sponsors

work in progress

  • The headline comes from Bloomberg, but behind new labels is Saul Klein (LocalGlobe). The idea is super simple – let's focus on revenue instead of valuations, which are way too volatile. (We need Saul to spend more time in the Baltics, where this has been the founder mindset for a long time). Tech firms, bringing in at least $100m in revenue annually, are suggested to be called "thoroughbreds", while startups with a minimum of $25m revenue – “colts.” Here's a quick look at LT:
Thoroughbreds (EUR 100m+)Colts (EUR 25m - EUR 100m)
Nord SecurityNordcurrent
Kilo HealthCarVertical
Orbio WorldTransferGo
Bored Panda

(marked with *where they are very close to the number, or data is not publicly available). Anything missing?

However, this is merely the beginning. Our product roadmap is filled with exciting innovations that are yet to come, and we’re on track for unicorn status by 2025.

rounds and capital

AKO trike tilting system


Privileged to receive support from a group of core sponsors, who decided to get onboard. They have some newsletter invites, too!

Cloudvisor [AWS partner dedicated to startups]
PayPal [Global integrated payments solution]
Vinted [largest C2C European marketplace, always hiring]
Tech Zity [tech hubs and campuses across Lithuania]
Presto Ventures [investing in early-stage B2B startups and marketplaces],
15MIN Group [all the news you need to know]
Wargaming [award-winning game developer, careers]

resources for supporters

founder breakfast - join us

  • Excited to be hosting a founder breakfast in Vilnius - we have Magnus Hambleton from byFounders, early-stage New Nordics investor. Register here - limited spots, it will be fun to meet in person.

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