Eany.io, a Lithuanian startup, has received a €2 million seed investment. The company is developing a B2B marketplace for the sale of electronics, home items, and DIY projects.
Polish fund Market One Capital, one of Europe's top ten venture capital funds dealing in trading platforms, contributed a portion of the €2 million investment. It was also joined by Lithuanian Practica Capital.
About Eany.io
-
Eany.io is a B2B commerce platform developed by Lithuanian startup 1ean, UAB, aiming to simplify transactions and provide wider access to products for businesses across Europe. Co-founders include Mindaugas Apanavičius, Artūras Petkauskas, Kęstutis Ramoskevičius, Antanas Kaselis, and long-time employees of UAB Sominis Technology and DistIT AB.
-
The platform also offers an Employee Stock Ownership Plan (ESOP) for employees.
-
Right now, the platform is utilised by over 200 suppliers for the transmission of their data. The co-founder of the start-up claims that this enables suppliers to realise old stocks, boost warehouse turnover, and earn more money.
“We believe that Eany’s founding team’s domain expertise and technical prowess form a winning combination to build a differentiated B2B marketplace to capture immense value,” says Arvydas Bložė, Partner at Practica Capital.
Marcin Kurek, Managing Partner of Market One Capital Fund, predicts a future where every business sector has its dedicated marketplace. He believes the B2B industry is ripe for disruption and that Eany.io is well-positioned to lead this transformation by digitising the currently offline and fragmented market.
These kinds of platforms are extremely rare in Europe, and none have ever existed in the DIY, home, and electronics industries. As a result, the investment will enable Eany to streamline and expedite their company procedures in order to get ready for the anticipated expansion.
