Our weekly selection of the TOP news about Lithuania (24-04-05)
We invite you to check out our weekly selection of the TOP news about Lithuania:
Solid autumn for Vilnius-based startups: 14 companies raised more than €147M (Vilnius TechFusion)
As the Vilnius TechFusion Startup Awards are approaching, let’s count how Vilnius-based startups and unicorns fared this fall. We compiled a list of 14 Vilnius-based startups that raised more than €147M in total in the months of September-November to develop their ideas and grow their businesses.
Vilnius makes world’s TOP 100 cities list for the first time (LRT)
For the first time, Vilnius has been named one of the top 100 cities in the world by Euromonitor International.
Why foreign workers are flocking to this 700-year-old European city (CNBC)
When Ricardo Schmitz’s brother was visiting him in Vilnius, Lithuania, the pair went for a wintertime walk at midnight — something he said they would never do back home in Brazil.
What was 2023 like for Lithuanian fintech companies and what to expect in 2024? (Vilnius TechFusion)
With the world becoming increasingly digital each year, the role of fintech companies providing nextgen financial services has been growing. Hardly anyone remembers the days when, for example, you had to go to a bank branch to solve your banking issues.
According to the data monitored by the Lithuanian Startups Association Unicorns Lithuania, the share of startups who raised investment in Lithuania in 2023 was 30 per cent smaller than during the previous year, yet the average investment in a startup was higher and reached EUR 10 million. The total amount of investment in startups in Lithuania in 2023 was EUR 272 million, which is 7 per cent less than in 2022.
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