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Photo by shark ovski / Unsplash
Hello Friday!
Lithuania Tech Weekly #84
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work in progress

Local gamedev school startup got too much applications from Ukraine and is looking for businesses who want to fund their studies - go for it. A twitter thread

rounds and capital

  • Okredo open data platform raises EUR 650K to expand across Europe. Round was led by Lithuanian Business Angels Fund, Presto Ventures, and Lighthouse Ventures.
  • Inspired by Vinted? LitCapital made an investment into Sena LT UAB (Horizontal Media), which develops a peer-to-peer (P2P) and business-to-customer (B2C) platform for used books in Lithuania. Terms not disclosed. This follows the initial investment from Per Moller. HM plans to both grow organically as well as acquire other players. Platform used by 130k user.


founder / operator guide

  • Tech Kinship talked burnout, and Titas came with a concept of work as a river - indeed helpful. Early stage founders - it's more like building a dam before the tide arrives.
  • How to get the most out of your angel investors
  • Tomasz Tunguz has interesting takes on the venture market. Founders anticipate 30% ARR reduction. And hope - "some startups may escape a harsh repricing by virtue of their runway leaping from peak to ascent, avoiding the trough."