Dealroom+立陶宛创业生态系统2022

February 2023The Lithuanian startup ecosystem2022 reviewBy building bridges between different ecosystem players, Startup Lithuania aims to help current and potential Lithuanian startup founders to start, grow and scale their businesses. We organize workshops and acceleration programs, give consultations, offer different support schemes for startups, present our ecosystem abroad and organize the main international startups event in Lithuania – Startup FairStartup Lithuania is a part of official public agency – Innovation Agency Lithuania – Lithuaniaʼs business competitiveness partner in a global world.Practica Capital is an early-stage VC firm with the sole purpose of backing Baltic entrepreneurs. We have invested exclusively in tech potential in the Baltic States for the last 10 years. We back great founders in their ambition in seed, selected pre-seed and Series A stages, and partnering with them as company builders. With more than €80m in AUM and over 50 investments to date, we have been lucky to partner with some of the global success stories from the region, such as PVcase, TransferGo, Interactio, Eneba, Ovoko, Montonio, CGtrader and others.Future-thinking and internationally recognized pan-Baltic legal advisory team with more than90 professionals ready to drive their clients to success by crafting the future on their terms.TRINITIʼs cross-border practice groups consist of experienced law professionals and leadersin their field serving clients in 8 working languages as a one-stop agency in Estonia, Latvia and Lithuania.Go Vilnius – the official development agency of the City of Vilnius – provides visitors, investors, relocating talent, entrepreneurs and businesses with everything they need to know about our city.Go Vilnius is behind initiative Vilnius TechFusion - a new brand representing the Lithuanian capitalʼs business ecosystem, which is largely tech-oriented and driven by innovation and fusion of world conquering ideaDealroom.co is the foremost data provider on startup, early-stage and growth company ecosystems in Europe and around the globe. Founded in Amsterdam in 2013, we now work with many of the world's most prominent investors, entrepreneurs and government organizations to provide transparency, analysis and insights on venture capital activity.National startup ecosystem facilitatorEarly-stage VC fund focusing on Baltic foundersPan-Baltic legal advisory firmOfficial development agency of the City of VilniusGlobal startup & venture capital intelligence platformPage / 2 Page / 3 UkraineLithuania is one of the fastest-growing startup ecosystems in Central and Eastern Europe since 2017.The combined enterprise value of startups HQd & founded in Lithuania has grown 16.8x between 2017 and 2022, against a CEE growth average of 4.2x. Progressive legal changes are being made to further support this rapid growth.Key takeaways.Lithuanian startups raised €295M in 2022, their second best year on record.Lithuania ranks 6th among Central and Eastern Eu