3 min read

Postindustrial revolution

Postindustrial revolution
Photo by Felix
Hi friends
Lithuania Tech Weekly #113, feels like it never ends!

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work in progress

  • Five. Big congrats 300+ wonderful LitBAN angelsmaking a difference - and celebrating a fifth birthday. We had Justinas answering a few important questions earlier. Great reminder from FiBAN's new CEO:
Angel investing in your homeland is a patriotic act.

sponsored by tech zity
In the summer of 2022, the previously closed-off industrial area was made accessible to the city, major musical events, the film industry, and contemporary artists found areas to express their talents…

…and in 2024 it will grow into the biggest technology hub in Europe which will be filled with startups and other creative businesses.

rounds and capital

  • Sound - CAST AI secured $20M round, led by Creandum (and includes $5m from existing investors). Since the platform launch, CAST AI has experienced staggering quarter-by-quarter revenue growth of over 220%. It's the first one for Creandum in LT - besides Mavenoid which has a Lithuanian co-founder/CTO.
  • Futurecraft Ventures is investing in fintech Monerchy, as the startup is aiming to close $2m in the seed round. Small team and perhaps newcomers to Vilnius?
  • Recognizing new LT founders need a bit more credibility, network (and confidence?), the government is bringing an internationally acclaimed accelerator to Vilnius - via EUR 13m tender. You can submit below your thoughts on this.
  • Business Angels Fund is still actively investing, and Daiva Rakauskaite takes the lead of managing it.


Oxylabs - CMO
Bob W. - Marketing Manager
Warranty Expert - Product Owner
Gurtam - VP Marketing (flespi)
Startup Lithuania - Project Manager
Lectrium - Social Media Manager
Omnisend - Engineering Director
RSI Europe - Firmware Developer

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founder's guide

further insights


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