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Exiting options

Exiting options
Photo by Arvydas Venckus on Unsplash
Lithuania Tech Weekly #196
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work in progress

  • Secondaries, ecosystem firstondaries. Vinted news broke – TPG leading EUR 340m round, confirming EUR 5B valuation. It is called secondaries as existing shares are being sold (allowing investors and employees liquidity), not new securities being issued. So secondaries, in financial terms, but these deals are ecosystem firstondaries in terms of impact: success will be invested again by employees starting new ventures (captured below), capital (angel tickets, LPs), mentoring – and inspiration for new founders.
Konga photo

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rounds and capital

  • Latvian Origin Robotics raised EUR 2.4m led by Change Ventures, along with Silicon Roundabout Ventures participating. The has additionally secured EUR 1.6m in EU grants and support from the Latvian Ministry of Defence, taking its total funding to EUR 4m. Their first product - BEAK - is man-portable drone-launched precision-guided weapon system.
  • Finfra announces EUR 2.5m funding round and partnership with Tyme. The round was led by Cento Ventures with strong participation from Accion Venture Lab, Z Venture Capital, Matiss Ansviesulis and existing shareholders - Hustle Fund, FIRSTPICK.
  • 15min secured EUR 16m in bond raise, successfully moving ahead with M1 acquisition and other projects. More than 700 investors took part, exciting media venture to watch (with Teso Mediatech taking part)
  • Arunas (Frontu) sharing a few other insights on the exit, and will talk in couple events in November.

sponsors

Cloudvisor [AWS partner dedicated to startups]
PayPal [Global integrated payments solution]
Notion [Connected Workspace - try 6 months for free]
Vinted [largest C2C European marketplace, always hiring]
Tech Zity [tech hubs and campuses across Lithuania]
Presto Ventures [investing in startups – security, defense, aerospace]
Wargaming [award-winning game developer, careers]
15MIN Group [all the news you need to know]


founder's guide

1. Have a Personal Connection to the Problem
2. Trust Your Vision, Even If Others Don’t
3. Experience Teaches, but Entrepreneurship Remains Challenging
  • Very true about fundraising

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