Ziticity, a Vilnius, Lithuania-based last-mile delivery service, raised €2.2m in seed funding round.
Lithuania-based asset management firm INVL Asset Management closed a private equity investment fund for the Baltic region, at €165m.
Vinted, a Vilnius, Lithuania-based second-hand fashion marketplace, raised €128m in funding.
INVL Baltic Sea Growth Fund , a large private equity investment fund in the Baltic States, acquired an 86% majority stake of Lithuanian metal processing and industrial construction company Montuotojas AB.
Invl Asset Management, a Lithuania-based asset management firm, completed the first closing of the INVL Baltic Sea Growth Fund, at €106m.
Fatmap, a platform for outdoor adventure lovers and mountain professionals with global 3D mapping technology, received an undisclosed funding round.
WePower, a Vilnius, Lithuania-based blockchain-based green energy trading platform, raised $40m during its ICO.
Lithuania’s Parliament has approved amendments to the law which enables the creation of “start-up visas.”
Vinted, a San Francisco, CA-based second hand fashion marketplace, secured $27m in Series C funding.
Trafi, a Vilnius, Lithuania-based journey planning app for commuters and travelers, raised $6.5m in Series A funding. The round was led by Octopus Investments, with participation from EBRD Venture Capital Investment Programme, BaltCap and Practica Capital. The company intends to use the funds to launch in additional markets, scale the team, including the planned hire […]
CGTrader, a Vilnius, Lithuania-based marketplace for 3-D models and content, received an investment from Intel Capital. No financial terms were disclosed. Intel Capital’s investment was led by Klaus Konrad and existing backer Practica Capital participated in the round. The company intends to use the funds to accelerate the growth of itd digital library, distribution channels […]
Vinted, a Vilnius, Lithuania- and San Francisco, CA-based secondhand marketplace, raised $27m in Series B funding. The round was led by Accel Partners with participation from Insight Venture Partners. The company intends to use the capital to expand in the United States and continue product development. It launched in the United States in the summer of 2013 and […]
Trafi, a Lithuanian startup that provides a journey planner, raised $500k in seed funding. Practica Capital made the investment. In addition to the funding, former Nokia Maps chief Sylvain Grande is joining the board. The company will use the funds to expand in key markets not well covered by leading players like Google. Expansion will […]
The European Investment Fund (EIF) has injected €6m into Practica Seed Capital Fund, a seed capital fund focusing on new idea development opportunities in Lithuania. The fund aims to develop new businesses by financing and incubating the prospective ideas and help them to develop at the pre-seed and seed stages. A business accelerator – called […]
Labochema, a Vilnius, Riga and Tartu-based pan-Baltic laboratory supply provider, has received a growth capital investment of undisclosed amount from Lithuania SME Fund managed by BaltCap. Along with the equity investment, Siauliu bankas will provide a new loan facility to Labochema. These capital is expected to support the company’s continued growth in Lithuania and other […]