Startup scene in Lithuania - weekly newsletter

Keeping sanity is part of the battle

Keeping sanity is part of the battle
Photo by Augustas Didžgalvis
Hello all, hope all well
Lithuania Tech Weekly #62
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(top tech mountaineers in LT)

Trying to keep up, despite all? You are not alone. The same goes for the founders fundraising, uncertainty tends to slow down decisions.

work in progress

rounds and capital

  • Orion is investing in MoreMins (numbers not disclosed), which aims to become virtual telco.
  • Openface has raised EUR 305K from Belgian VC fund Pitchdrive and Cyprus D2 Ventures. The company will use these funds to ML-development, marketing and the platform. Openface became cash positive since December 2021. Relocated to LT in 2019 - what is not to like?
  • FittyAI selected for EIE Investor Readiness Programme, delivered by the Bayes Centre at the University of Edinburgh

blog posts

2022 Lithuania tech predictions
Finding Angel Investors in Lithuania
5 Questions With the Editor of Tech Philomaths 

founder guide

roleplay

Hire Ukrainians in Vilnius - Eddy's post
Tourastio - Co-founder (CTO, CMO)
Planet Positive - Co-founder
Oxylabs - Head of Product
AAG Ventures - Product Designer
Chronosphere - Engineering Manager

insights

ecosystem

  • 70V and 500Leaders have partnered to launch B2B Sales Academy. It is free, scalable, and the method has proven success across multiple Lithuanian startups.

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Jamie Larson
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