1、LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONTILES WITH SHADOWALIGN HERE TEXT BOXESUSE THESE FOR ANY TEXT BOXBUTTONSALIGN HEREPALETTESALIGN HERE TILES/POINTERSALIGN HERE The Lithuanianstartup ecosystem2023

2、February 2024FINTECHIMPACTMRKTPLCSFOODTECHDEALROOMSIGNALTitle H1SubtitleParagraphValuesCaptionCall to actionCall to actionTitle AdsCover TtlQuoteWit titleNNNNGRAPH/MAIN CONTENTFOOTEREXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONBIG LOGOS SPACINGPage/2 For yet another year,Vilnius maintain

3、ed its status as the most dynamically developing city in Central and Eastern Europe.“In 2023,Lithuanias startup ecosystem continued to grow steadily,establishing itself as one of the most promising and dynamic startup hubs in the region.Between 2018 and 2023,the ecosystems value grew by an impressiv

4、e 7.1 times,surpassing both the Baltics and the wider Central and Eastern Europe regions.Moreover,it climbed to the second position in CEE by VC investment.These achievements underscore the ecosystems ability to attract and mobilize talent,competencies,infrastructure,and resources,which in turn gene

5、rate high-value opportunities and stable investments.Going forward,Lithuanias startup ecosystem is poised to offer a wealth of prospects for tech industry insiders and investors looking to capitalize on its growth potential.”Gintar NarakienHead of Startup LithuaniaPage/3 LOGOS SPACINGYEAR/EXTRA LABE

6、LTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONDESIGN CONTENTBy building bridges between different ecosystem players,Startup Lithuania aims to help current and potential Lithuanian startup founders to start,grow and scale their busines

7、ses.We organize workshops and acceleration programs,give consultations,offer different support schemes for startups,present our ecosystem abroad and collaborate with major international startup events in Lithuania.Startup Lithuania is a part of official public agency Innovation Agency Lithuania Lith

8、uanias business competitiveness partner in a global world.Practica Capital is an early-stage VC firm with the sole purpose of backing Baltic entrepreneurs.The firm has been invested exclusively in tech potential in the Baltic States for over 10 years.Practica Capital back great founders in their amb

9、ition in seed,selected pre-seed and Series A stages and partnering with them as company builders.Practica Capital manages four funds with more than 130m in AUM.To date the firm has made over 60 investments,including great companies like PVcase,TransferGo,Interactio,Eneba,Ovoko,Cgtrader,Atrandi Biosc

10、iences,Heavy Finance and others.TRINITI is a leading pan-Baltic legal advisory firm with extensive experience in startups,M&A,and private equity.Our forward-thinking team,consisting of 100 professionals,is internationally recognized for achieving success on clients terms.Specialized cross-border pra

11、ctice groups,fluent in 8 languages,TRINITI serves as a one-stop agency in Lithuania,Latvia,and Estonia.Vilnius TechFusion a brand representing the Lithuanian capitals leading technology sectors:ICT,Fintech,GameDev,Life Sciences and Lasers.It stands for the city itself,which is driven by innovation,k

12、nowledge sharing and open-mindedness.Vilnius Techfusion was developed by Go Vilnius,the capitals official development agency.Go Vilnius provides visitors,investors,relocating talent,entrepreneurs and businesses with everything they need to know about the city.Dealroom.co is the foremost data provide

13、r 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 worlds most prominent investors,entrepreneurs and government organizations to provide transparency,analysis and insights on venture capital activity.Nationa

14、l 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/4 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2

15、EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONKey TakeawaysIn 2023,Lithuania maintains its position as the fastest-growing startup ecosystem in the Baltic region.Lithuanian startups raised 292M in 2023The combined enterprise value of Lithuanian startups has grown 7.1x between 2018 and 202

16、3,against a CEE growth average of 3.6x and a Baltics growth average of 2.7x.DESIGN CONTENTEcosystem Value Growth M414M474M20222023202120202019VC Investment raised by Lithuanian startupsLithuania ranks 2nd among CEE for 2023 VC investment,and 2nd for VC investment per capita.Enterprise So

17、ftware,Security and Energy are Lithuanias most funded industries.With 890+startups&12.4B in combined ecosystem value,Vilnius alone accounts for 91%of the combined enterprise value of Lithuanian startups.Key sectors are Fintech,ICT,GameDev,Biotech&Laser tech.Vilnius companies raised 96%of all funding

18、 raised by Lithuanian startups.Selected Vilnius HQ startupsPage/5 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONPlaceholder textTable of contentsDealroom.coDESIGN CONTENT1.Ecosystem Review in 20232.2

19、023 Investment Update3.Vilnius HighlightAliaksei VinchoInnovation Analystat Dealroom.coCo-authors:Nina ChaloumInnovation Analystat Dealroom.coSyifa Riona AmaniAccount Managerat Dealroom.coGreta Miliauskien Communication Project Leaderat Startup LithuaniaGiedr iuladienPartnerat Triniti JurexVilma Dau

20、barien Head of Tourismat GoVilniusMilda BariauskaitProject Manager at Startup LithuaniaLukas BorisovasChief Marketing Officerat Practica CapitalGintar NarakienHeadof Startup LithuaniaWith contributions from:Dovil AleksandraviienCEO at Go VilniusMonika VaicekauskBusiness Project Managerat GoVilniusPa

21、ge/6 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION1.Chapter nameEcosystem Review in 2023Page/7 Source:LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN H

22、ERE EXTRA CONTENT/SOURCES/INSPIRATIONDealroom.co.Sum of the valuations of all startups in the ecosystem.Using estimated valuations based on most recent VC rounds,public markets and publicly disclosed valuations.13.8B16.1B62.1B1.4T1.9B472.2M27.6B44.1B225.6B4.1T13.7B2.8B Baltics EV 44.1BLithuania31%CE

23、E EV225.6BLithuania6%In 2023,Lithuania maintains its position as the fastest-growing startup ecosystem in the Baltic region.Country or RegionEnterprise value 2018GrowthEnterprise value 2023Europe1.4T2.9x4.1TCEE62.1B3.6x225.6BBaltics16.1B2.7x44.1B Estonia13.8B2x27.6B Lithuania1.9B7.1x13.7B Latvia472.

24、2M5.9x2.8BEcosystem value growth of selected ecosystemsGrowth .6B CEE EVLithuania6%44.1B Baltics EVLithuania31%Over the past year,Lithuanian ecosystem increased its share of the total enterprise value in the Baltics from 27%to 31%and from 5.5%to 6%in the CEE region.Page/8 LOGOS SPACINGYE

25、AR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONSource:14%The graduation rate of Lithuanian startups maintains a level consistent with the regions performance at early stage.At breakout and late stage,it surpasses the rates

26、 of Baltic countries,the Baltic and CEE regions.Graduation rates of startups Founded between 2013 and 2023Dealroom.co.Only includes VC-Backed companies with disclosed investment amounts.Seed startups are included in the pre-seed todal,Series A in the Seed total,etc.Stage is based on last round raise

27、d.Page/9 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2Lithuanias breakout startups and rising stars.NEWDealroom.co.The logo shown are not exhaustive but a discretionary selection of the companies of

28、 the category.*Includes companies which might have raised very little capital over the years compared to their scale.Exited under 1BUnicorns and 1B+exitsFuture unicorns200M-1BRising Stars 50 people),grownups(500 people)and result in big companies.Only companies founded since 1990 are included in thi

29、s report.What is a unicorn?Unicorns are(former)startups that reached$1B valuation or exit at one point in time.What is a startup?What is a Unicorn?Underlying DataDealrooms proprietary database and software aggregate data from multiple sources:harvesting public information,user-submitted data verifie

30、d by Dealroom,data engineering.All data is verified and curated with an extensive manual process.The data on which this report builds is available via app.dealroom.co.For more info please visit dealroom.co or contact supportdealroom.co.Data for this report was taken as of January 2023.Venture Capita

31、l,InvestorsEuropean investors includes the entire European continent,the UK and Russia,but excludes Turkey and Lithuania.Investment are referred to by their round labels such as Seed,Series A,B,C,late stage,and growth equity.VC investments exclude debt,non-equity funding,lending capital and grants.R

32、egional BreakdownWhile many startups founded in Lithuania relocate beyond their borders,most maintain business-critical ties to their homelands.In order to take this reality into account,this report includes both Lithuania-based startups,which maintain their main center of business(HQ)in their country of origin,and Lithuania-founded startups,which relocated their HQ outside of Lithuania.Discover the most promising Basque Country companies on:Powered byDiscover the most promising companies in Lithuania on:map.startuplithuania.lt.dealroom.co