Countries. Lithuania

Lithuanian Vinted Go acquires Homerr, a Dutch delivery scaleup

Vilnius-based company Vinted Go, which is part of Lithuania’s unicorn Vinted Group, has announced the acquisition of Homerr, a Dutch delivery scaleup. The companies do not disclose the amount of the deal, but it will enable both organizations to deepen

Lithuanian Startup & VC Ecosystem — Vestbee’s report

The Lithuanian startup ecosystem is one of the fastest growing in the CEE region and has been continuously characterized by good availability of funding, according to Vestbee’s report. Currently, in Lithuanian there are over 800 startups, with a total of €8

OAG acquires Infare, the leading provider of competitor air travel data in Lithuania

World’s leading data platform for the travel industry OAG has acquired Infare, a provider of competitor air travel data. Through the acquisition, the British company is set to increase its footprint in Lithuania, where both businesses operated for years. “We are

Business Angels Fund exits Energia Futura, a Lithuanian solar energy company

Lithuanian Business Angels Fund has announced the exit from Energia Futura, the Kaunas-based provider of professional solar energy solutions. According to the fund, the investment has fully fulfilled its mission. “We very much appreciate the Business angel, who joined us in

FIRSTPICK launches its 3rd acceleration program for Baltic startups

Lithuanian VC firm, FIRSTPICK has announced the launch of its 3rd acceleration program. The firm offers up to €100,000 of investment into each team and focuses on startups with increasing traction, that are preparing for pre-seed, and hiring new employees. 

Lithuanian solar project design software developer PVcase acquires Anderson Optimization 

PVcase, Vilnius- and Kaunas-based solar project design software provider, has acquired the US Anderson Optimization, a developer of power system modeling and optimization software, for an undisclosed amount. The deal will enable PVcase to support Anderson Optimization’s expansion in Europe.

Startup of the Day: Lithuanian ColibrisODM, an online manufacturing platform for metal parts

ColibrisODM was founded by Justinas Bielskis and Karolis Gaidys, and offers an online on-demand manufacturing platform for automatic quoting and ordering of custom-made & serial metal parts in quantities required.

Ukrainian Nova Post launches new office in Kaunas, the second one in Lithuania 

Nova Post has launched its second post office in Lithuania, Kaunas, as the company informed AIN.Capital. The first one appeared in March in Vilnius.

Startup of the Day: Lithuanian automated retail store Pixevia

The Vilnius-based Pixevia provides an AI platform for retail, which eliminates tills, provides easier customer experience, and optimizes operations for store managers. All is done by combining information from different security cameras.