TLDR:
- Lithuania’s startup scene is showing strong growth and resilience in venture capital and entrepreneurship.
- Top funding rounds of Q1 2024 in Lithuania showcase promising startups receiving funding.
Lithuania’s startup ecosystem is thriving, with several startups securing significant funding rounds in the first quarter of 2024. Argyle, a fintech firm, received $30M in funding to enhance its income and employment verification services. Axiology, a platform for trading securities using Distributed Ledger Technology, secured €2M in funding. Evergrowth, a sales strategy transformation startup, raised €2M to empower sales professionals with AI technology. Leya AI, an edtech startup democratizing access to personalized coaching, received €1M in funding. Cyber Upgrade, an AI-powered cybersecurity platform for SMEs, raised €650K to enhance cybersecurity solutions. MELP, an HR tech company developing a benefits management platform, secured €635K for international expansion. LupaSearch, an AI-enhanced search engine for e-commerce platforms, received €200K in funding. Broswarm, a military technology startup specializing in mine detection, raised $100K to advance its detection technology and conduct field tests in Ukraine. These funding rounds highlight the diverse and innovative startup landscape in Lithuania.
