In (some) town

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work in progress

• Celebrate. Tesonet community received the Order of the Lithuanian Grand Duke Gediminas by the President of the Republic of Lithuania
• Hardware scales - says Inventure, explaining Swappie €108m Series C round. Likewise, Rubbee just scaled inventory for summer sales. Deals on Wheels - not your typical car dealer - scaled revenue x30 times. Cars might be a thing, thus MyBee (Citybee) expands to Estonia. Sprana signs a technology development agreement with Stamicarbon. Wool is no hardware, so now with Novastar shipments, replacing plastic. Finally - how to scale tiny house (on wheels)?
• Media. Laimonas (CEO, Ziticity) interview (in LT), explains the pivot to late-evening delivery. Podcast with Okredo. Interview with Turing College (in LT) - a creative bunch of founders. How Practica Capital invest and select startups (in LT). Also - Martynas will make a video podcast for your startup.
• New. Pre-accelerator for early-stage startups by Startup Lithuania - register here. New batch of TechHub startups (in LT)

rounds & capital

• TransferGo welcomes Nordic Secondary Fund (N2F) and Siena Secondary Fund for a EUR 6m secondary share round (follows $50m Series C fundraise in September 2021)
• EyeVi’s seed-round funding was led by ff Venture Capital, with Iron Wolf Capital participating - they seem to be more active in Estonia these days!
• Fund Fellow Founders (FFF) has been launched to source, challenge and invest smart in founders from the Nordics and the Baltics.

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blog posts

insights

• How Lightspeed wants to win Europe (with Rytis Vitkauskas)
• European VC salary survey (preliminary)
• Recovering from covid might be challenging for some, too. Hopin cuts 12% of staff.

founder's guide

• Hiring increasing tough - innovate on how your startup competes
• Startup playbook for expanding internationally (podcast) - high-quality conversation around expansion framework - creating a scorecard, selecting markets, aligning the team and focused execution.
• Lessons from many acquisitions - what to look at from startup perspective
• Sample seed startup handbook - make more policies explicit

roleplay (thanks for all submissions - encouraging early-stage startups to email)

Enjoy the weekend! Thanks all for sharing and sending in ideas & suggestions. And thanks sponsors for supporting our work.