Ranking 16th in the world and 2nd in Eastern Europe, Lithuania's startup ecosystem is emerging as a formidable player in the European landscape. The combined valuation of Lithuanian startups surpassed €16 billion, marking an impressive 39-fold increase over the past decade. This growth positions Lithuania as the second-fastest-growing startup ecosystem in Central and Eastern Europe region. Despite a global investment slowdown, Lithuanian startups demonstrated resilience, attracting €128 million in investments, with early-stage activity remaining particularly robust. This thriving ecosystem is supported by a robust network of local and international investors, government initiatives, and a growing pool of talent. In this article, we have compiled a comprehensive list of top VC Funds and Angel Investors in Lithuania that can provide you with the capital and support to help you succeed!
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Venture Capitalist Funds in Lithuania
The venture capital firms below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.
Year of Inception: 2017
Stage: Pre Seed, Seed, Series A
Focus: Climate Tech
Notable Portfolio: PVcase, Inbalance Grid, Thrust, Lastmile, IniOn Software
Year of Inception: 2011
Stage: Pre Seed, Seed, Series A
Focus: Technology
Notable Portfolio: Adduplex, Biomatter, Edurio, Interactio, Neematic, OME Health
Year of Inception: 2020
Stage: Seed
Focus: Software
Notable Portfolio: Payflow, Hassle, Max.ng
Year of Inception: 2018
Stage: Seed, Series A
Focus: AI, IoT, SaaS, Deeptech, Fintech, Marketplaces
Notable Portfolio: Speiz, Deepfin, Traxlo, Squad Robotics, Foros, Eyevi
Year of Inception: 2018
Stage: Seed, Series A
Focus: B2B Software
Notable Portfolio: Robo Labs, Paysolut, Neurisium, Calqulate, Onepass
Year of Inception: 2014
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Widerfi, Feedpresso, BZN Start, Ovao
Year of Inception: 2017
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: Pixevia, Whatagraph, Frontu, Glasses Club, Monimoto
Year of Inception: 2011
Stage: Seed, Series A
Focus: Technology
Notable Portfolio: PVcase, Funderful, Devtodev, Planner 5D, Re:Lead
Year of Inception: 2017
Stage: Seed, Series A, Series B, Series C
Focus: Sector Agnostic
Notable Portfolio: Amlyze, WeSky, Walk15, Pixevia, Amberlo, Vilimed
Angel Investors in Lithuania
Angel investors may act as an individual or as a syndicate to fund projects of their preference, so these networks are the best opportunity for you to find a potential Angel with an aligned vision and interests.
Stage: Pre Seed, Seed
Focus: Sector Agnostic
Notable Portfolio: -
Stage: Pre Seed, Seed
Focus: Sector Agnostic
Notable Portfolio: Sign on tab, Walk 15, Spenfi, Amio, Paystrax
Closing Thoughts on VCs and Angel Investors in Lithuania
For those seeking funding in Lithuania, the landscape offers a mix of opportunities and challenges. While early-stage funding remains strong, with €108 million invested, there's a noticeable gap in late-seed and Series A stages. This often necessitates looking beyond local markets for larger rounds. However, this challenge is viewed as an opportunity for startups to gain international exposure and validation. As Lithuania prepares for more later-stage funding and the potential emergence of new unicorns in the coming years, entrepreneurs should focus on high-growth sectors and leverage the country's supportive startup infrastructure, including accelerators and incubators, to maximize their chances of securing investment and scaling their ventures.
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Frequently Asked Questions on VCs and Angel Investors in Lithuania
What is the current state of the startup ecosystem in Lithuania?
Lithuania's startup ecosystem has shown remarkable growth and resilience, reaching a valuation of €16 billion, representing a 39x increase over the past decade. Vilnius, the capital, leads with over 1,050 startups and €123 million in VC investment, excelling in fintech, transportation, and security sectors. The government actively supports startups through initiatives like the Startup Lithuania Accelerator Program, powered by Plug and Play, which is launching its fourth batch in 2025. Despite a slight decline in overall funding due to slower late-stage investments, early-stage activity remains robust, and the country is poised to produce several new unicorns in the coming years, driven by rapid AI adoption and a supportive ecosystem.
How does Lithuania's startup ecosystem compare to others in the region?
Lithuania's startup ecosystem has emerged as a standout performer in Central and Eastern Europe (CEE). As of 2025, it ranks as the second-fastest-growing startup ecosystem in the region, trailing only Estonia. Lithuania outperforms many of its regional peers, ranking second in CEE for venture capital investment raised.
How much funding do VC funds and angel investors typically invest in Lithuanian startups?
Venture capital funds in Lithuania typically invest between €200,000 and €2 million or more in startups. The exact amount can vary based on the startup's stage, potential, and the fund's focus. Meanwhile, angel investors in Lithuania usually invest between €25,000 and €100,000 in early-stage startups.
What sectors are attracting the most investment in Lithuania?
As of 2025, the sectors attracting the most venture capital in Lithuania are:
Fintech (€48.8 million)
AI solutions (€38.8 million)
Trade and e-Commerce (€29.7 million)
Transport (€23.2 million)
Circular economy (€20 million)
Payments (€15.6 million)
Are there any standout success stories in the Lithuanian startup ecosystem?
Yes, here are some standout success stories in the Lithuanian startup ecosystem:
Vinted: Lithuania's first unicorn reached a €5B valuation in October 2024, marking its halfway point to decacorn status.
Nord Security: Along with Vinted, it's one of Lithuania's two largest unicorns, contributing significantly to the country's tech ecosystem value.
PVcase: The leading developer of solar farm design software raised $100M in capital in 2023 and acquired Anderson Optimization, enhancing its market position.
TransferGo: The international money transfer startup is on track to potentially reach unicorn status in the next few years, with 5M+ registered users in 160 markets.
CAST AI: This AI infrastructure development company raised €55M in 2023, with its engineering center in Vilnius employing 50+ talents.
Torus: Ranked 8th among the fastest-growing tech startups in Eastern Europe and the Baltics by Sifted, this fintech SaaS startup is enhancing profitability for banks and fintech companies on card transactions.
Ovoko (RRR.lt): Secured the largest investment in Lithuania in 2024, raising €20M for its e-commerce solutions in used car parts.
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