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 […]

Impuls LTU, a Lithuanian health club chain, has received an investment of undisclosed amount from BaltCap. The company intends to use the proceeds to expand the chain, both organically and through add-on acquisitions. Impuls operates the leading Lithuanian health and fitness club chain with 8 gyms in the country’s main towns. The company operates only […]

Ygle, a Vilnius, Lithuania-based provider of building systems solutions, has received a majority investment of undisclosed amount. The equity financing was provided by Lithuania SME Fund, a growth capital fund managed by BaltCap in 2010 as part of the JEREMIE initiative in Lithuania. With the transaction, BaltCap has acquired 60% of the company. Along with a new […]