Lietuvos startuoliai
Lithuania’s startup ecosystem continues to attract international investment and strengthen its position in the European technology sector. According to the 2025 Dealroom report published by Startup Lithuania in January 2026, Lithuanian startups attracted EUR 220 million in venture capital investment from 77 unique investors during 2025. The total enterprise value of Lithuania’s startup ecosystem reached EUR 16.4 billion, reflecting its development into a competitive technology and innovation hub.
Lithuania has experienced substantial growth in startup investment and technology company valuations over recent years. In 2025, Lithuanian startups raised EUR 220 million in venture capital, compared with EUR 131 million in 2024, representing approximately 68% year-on-year growth. According to the Innovation Agency’s Startup Lithuania division, the total value of the country’s startup ecosystem reached EUR 16.4 billion in 2025. Over the preceding five years, the ecosystem’s value increased approximately 5.9 times, significantly outperforming the average growth rate in Central and Eastern Europe. It is important to note that only publicly announced deals are taken into account, some of them are not published due to confidentiality agreements, and, therefore, are not included in the reports. Another important development in Lithuania’s startup ecosystem is the increasing availability of venture capital, private equity investment and acquisition opportunities. Startups may raise capital through private investment rounds, venture capital funds, strategic partnerships and other financing arrangements. However, private fundraising and acquisitions should not be confused with initial public offerings (IPOs), which involve the public offering of securities and are subject to additional regulatory requirements. The growth of Lithuania’s startup ecosystem has primarily been supported by private investment, venture capital financing and successful technology company expansion.
Lithuanian start-ups were able to quickly cope with the challenges appeared during the pandemic, as well as discover and take advantage of new opportunities. As many activities and communications migrated into the digital space, the technologies developed by startups became even more popular, e.g., remote meetings that facilitated access to foreign investors.
Lithuania’s startup ecosystem has demonstrated substantial growth in company valuations, international investment and technological development. According to the Innovation Agency’s 2025 ecosystem assessment, Lithuanian startups attracted EUR 220 million in venture capital during 2025, with business software companies receiving EUR 160 million, health technology companies EUR 34.7 million and financial technology companies EUR 16 million. These figures demonstrate the increasing diversification of Lithuania’s technology sector and its ability to attract international investors.
According to Versli Lietuva, the total sales of Lithuanian start-ups amounted to EUR 1.33 billion in the first half of 2021. Compared to the same period in 2020, it increased by 162%, i.e. 2.6 times. Meanwhile, exports of goods and services created by Lithuanian start-ups in the first half of 2021 demonstrated the best results and reached EUR 966.8 million limit, which is 192%, i.e. 2.9 times more than in the first half of 2020.
By 2026, Lithuania has established itself as one of the fastest-growing startup ecosystems in Central and Eastern Europe. According to the Innovation Agency’s latest annual assessment, the ecosystem reached a total enterprise value of EUR 16.4 billion in 2025. Venture capital investment increased to EUR 220 million during the year, supported by investments in artificial intelligence, enterprise software, biotechnology and financial technology. However, future investment growth remains dependent on global financing conditions, economic developments and investor confidence.
Lithuania—Land of start-ups
Have you ever wondered why the number of startups operating in Lithuania (both local and foreign capital) has already exceeded a thousand? There are several reasons for this. In particular, Lithuania has favourable environment for business financing and has bodies responsible for supervising the startup ecosystem. Lithuania provides various public funding and business development opportunities for startups through national institutions, EU-funded programmes and innovation support initiatives. The Innovation Agency, Startup Lithuania and other relevant organisations offer access to entrepreneurship programmes, acceleration initiatives, innovation funding and business development assistance. The availability of financial support depends on the company’s eligibility, project characteristics, applicable funding calls and programme-specific requirements. Support for start-ups on relocation, business development and legal issues is provided by such institutions as the Innovation Agency, Go Vilnius and the Bank of Lithuania.
Unicorns Lithuania is an industry association representing the interests of Lithuanian technology companies and the broader startup ecosystem. Its activities focus on improving the business environment, supporting innovation, attracting international talent and promoting cooperation between technology companies, investors and public institutions. The association also contributes to discussions on taxation, education, immigration and regulatory policies affecting high-growth companies. Historical ecosystem targets should not be presented as current achievements without verified data.
Lithuania’s startup ecosystem has produced several internationally recognised technology companies valued at more than USD 1 billion. Vinted became Lithuania’s first unicorn in 2019, followed by Nord Security in 2022. In early 2026, Cast AI, a company specialising in artificial intelligence solutions for cloud infrastructure optimisation, was also recognised as a Lithuanian unicorn. These companies demonstrate Lithuania’s growing capacity to develop and scale internationally competitive technology businesses. (https://nordsecurity.com/)
Anyway, Vinted and Nord Security are not the only attractions of the Lithuanian startup ecosystem. Many other pioneering companies, works and developed solutions, of which make Lithuania known abroad, deserve to be mentioned.
- Trafi is the startup founded in 2007, developing mobile solutions in more than 10 countries and with branches in Paris and Berlin (further plans lead to South America and Asia). The company’s technology already serves more than 50 million people in cities around the world who commute daily by public transit. Trafi mobile app promotes the public transport sharing economy and helps both locals and visitors to get on the best route.
- Vinted is the first Lithuanian unicorn, which is currently worth more than 3.5 billion euros. Aim of the company is promoting fashion and selling products worldwide. The platform is used by users from 15 European countries. The startup also introduced a parcel delivery service in 2022.
- Tesonet is one of the largest Lithuanian startups with the largest number of employees in Lithuania (almost 2 thousand). Tesonet has launched into the world not only a whole series of IT products, but also several equally successful companies such as Nord Security. The newest member of the family is CyberCare, the company that grew out of Customer Service in 2021 and provides services for cybersecurity products.
- Nord Security has more than 15 million users worldwide. The best known products of the company are virtual private network Nord VPN, password driver Nord Pass, document encryption software Nord Locker. The company has offices in Vilnius, Kaunas, and Berlin.
- Kilo Health is a Lithuania-founded digital health and wellness technology company known for developing and supporting consumer health products and digital wellness solutions. The company has received recognition in technology industry rankings, including Deloitte’s Technology Fast 50 programme. Its business portfolio, workforce and international operations have evolved over time, and historical employee numbers or product counts should not be presented as current without verification.
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