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Edmundas ‘Eddy’ Balcikonis is a co-founder & CEO of TrackDuck startup, which makes simple to use beheld acknowledgment tool, ideal for architecture and web action commenting.
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VELUX roof windows, flat roof windows, sun tunnels and blinds | velux online shopLithuania is small. Yet it seems to accept one of the best avant-garde and tech-savvy populations in Europe whose startup ecosystem has been growing consistently with almanac action in 2014 and added than $100 actor in investments over the accomplished few years.
For best of us, the abandoned names heralding from the tiny Baltic accompaniment are Pixelmator, a able angel editor, which in 2014 was appear as the best iPad app of the year, and GetJar, the better absolute cross-platform adaptable app store.
However, as Lithuania’s startup ecosystem acquired drive in the accomplished few years, new able startups started arising up. Some of them accept already got huge traction, accustomed record-big investments and got noticed on a apple scale. For the others, aggregate is still ahead.
We absitively to booty a attending at some of the companies punching way aloft their weight in the tech space, and those attractive to accomplish a big appulse in 2015.
Note: we accept accepted the numbers with all startups except for Vinted, GameInsight and Yplan.
Among Lithuanian SaaS startups that are adopting money this year the best remarkable, and already funded, are Eylean Board, TrackDuck, Planner 5D, Dragdis.
Eylean Board (on angel.co) is an alive action administration software for teams application Kanban, Scrum or any added agnate methodology. A 4-person aggregation now generates $200K anniversary assets and already has big players, such as Tesla, British Petroleum, Sandvik, Velux and abounding others, amid their clients. This year Eylean Board is adopting a Alternation A of $1 million.
TrackDuck (on angel.co) is a B2B SaaS startup, which covers all your agenda action acknowledgment needs – from the aboriginal mockups to a alive website. Launched in January 2014, TrackDuck now has added than 12,000 users in 129 countries. This year they are adopting a Alternation A of $500,000
Planner 5D (on angel.co) is a cross-platform account that allows users to actualize attic affairs and autogenous designs after any appropriate skills. Currently, it has over 3M users common and is adopting a Alternation A of $2M.
Dragdis (on angel.com) is a beheld bookmarking apparatus for designers with added than 63,000 creatives onboard. This year Dragdis is adopting a backward berry annular of $500,000.
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Buy VELUX Blinds from Huws Gray Online | velux online shopMobile Worker, Soundest, MobiFOR haven’t been adjourned yet. Though they are attractive advanced to accession berry circuit this year.
Mobile Worker is a B2B SaaS startup accouterment belvedere for acreage account and adaptable workforce management. In 2014 alone, Adaptable Worker accomplished 15,000 Android App downloads in 160 countries.
Soundest (on angel.co) is an email business belvedere specialized for e-commerce. It helps online retailers admission their acquirement through newsletters. Launched in February 2014, Soundest now serves added than 6000 online food from 115 countries and is the No.1 email business account in the Shopify app store. This year Soundest is adopting a berry annular of $500,000.
MobiFOR (on angel.co) is a SaaS belvedere that lets users actualize an online abundance after a charge for programming skills. MobiFOR is attractive advanced to accession a berry annular of $450,000.
Among Lithuanian exchange startups, you can acquisition one of the arch all-around marketplaces for buzz clothes, Vinted. In 2014, Vinted bankrupt a $27 actor annular from Accel Partners and Insight Ventures. It has been one of the better circuit anytime in the Baltic States.
It’s additionally account advertence GameInsight (on angel.co), a all-around amateur development and publishing behemothic that confused its address to Lithuania in 2014. GameInsight bankrupt a $25 actor alternation A from IMI.VC and is now attractive for a new advance of hundreds of millions.
Other exchange startups from Lithuania that are worth-looking at are MoboFree, Copictures, CGTrader, ReHobby, JobRely, TutoTOONS, OppSites and Aciety.
MoboFree (on angel.co) is #the 1 amusing e-commerce exchange in Nigeria with able casting in Uganda, Zimbabwe and Ghana with about four actor registered members. This year they are adopting $2.5 actor to aggrandize added in Africa.
Copictures (on angel.co) is a one-stop-shop for selling, trading and press banal images or photos after accepting to affliction about the acknowledged details. Currently, Copictures is adopting $2 million.
CGTrader (on angel.co) is the arch 3D archetypal exchange for 3D press and computer graphics. In 2014 CGTrader grew four times faster than the antecedent year and now unites 150,000 able 3D designers globally, alms 100,000 different 3D models for sale. This year they are adopting a Alternation A of $3 million.
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VELUX roof windows, flat roof windows, sun tunnels and blinds | velux online shopReHobby (on angel.co) is a p2p exchange for acclimated amusement equipment. In aloof 13 weeks, they accept managed to hit 2,000-users. This year ReHobby is adopting a backward berry annular of EUR 100,000 to authorize their casting in Germany.
JobRely (on angel.co) is a crowd-sourced application belvedere startup with predictive HR analytics. In the aboriginal 9 months, over $120k bonuses were handed out to referrers by 100 companies in Lithuania. This year JobRely is adopting a berry annular of $400,000.
TutoTOONS (on angel.co) is a able belvedere for creating your own adaptable amateur after any coding skills. Launched in 2014, TutoTOONS has already appear added than 80 amateur and eight actor downloads. They are adopting a Alternation A of $1,5 million.
OppSites (on angel.co) is an bread-and-butter development belvedere abutting cities and municipalities with the advance association in a distinct $250 billion dollar anniversary market.
Aciety (on angel.co), a B2B chase agent for high-end IT services. This year they are attractive advanced to adopting a berry annular of $300,000.
In the ball field, one of the best arresting Lithuanian startups is Yplan, a going-out app that lets you to ascertain and book the best contest about you. They accept already aloft $37.7 actor in three Circuit from 16 investors. Yet by the alpha of 2016 YPlan is planning to accession a annular decidedly beyond than the antecedent ones.
Among others that are almost adolescent yet worth-looking at are Tinggly, Playgong, EveBUZZ and PlateCulture.
Tinggly (on angel.co) is a all-around acquaintance ability company, which is on a mission to change the allowance giving culture. Currently, they are adopting a berry annular of $500,000.
Playgong (on angel.co) is an app based about a association of sports players and congenital for absolute matchmaking, aftereffect administration and bounded leaderboards. This year Playgong is attractive advanced to adopting a berry annular of $550,000.
EveBUZZ (on angel.co) is a amusing arrangement that helps you to align meet-ups with accompany or agreeing bodies nearby.
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Talking of Lithuanian fintech startups one should analysis two capital players here: TransferGo and WoraPay.
TransferGo (on angel.co) is a London-based fintech startup founded by Lithuanian founders that is currently adopting a Alternation A of $6M. From 2012 till 2014 they grew their alive user abject by 24 percent month-on-month and become the arch all-embracing money alteration account for the CEE migrants.
WoraPay (on angel.co) has aloof been recognised by The FinTech50 2015 as one of the hottest FinTech businesses in Europe. They advice banks and added adaptable wallets accredit alien adaptable acquittal methods as able-bodied as accumulate admission to new markets and merchants. WoraPay is now adopting $2.5 million.
Among Lithuanian startups that accommodate some affectionate of account you should casting an eye on on PlaceILive, Bliu Bliu, Widerfi and Adtarget.me.
Place I Alive (on angel.co) is a area based belvedere that provides ‘smart’ neighbourhood advice to advice you acquisition the best abode to live. They accept 150K account alive users and is adopting a berry annular of 700K EUR.
Bliu Bliu (on angel.co) is a B2C apprenticeship startup authoritative the acquirements of languages added absorbing and fun. With an absorbing advance in 2014 Bliu Bliu is attractive advanced to adopting a Alternation A of $1.2 actor this year.
Widerfi (on angel.co) is a different APN EU Internet provider in the apple with absolute activity accomplishing in a bartering MNO infrastructure. Currently, they are adopting $2.4 actor to advance added growth.
For a country with a citizenry beneath than bisected of what you’d acquisition in a burghal like London, this tiny Baltic accompaniment punches way aloft its weight.
Read Next: Eastern Europe: February tech account roundup
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