With Startup Lithuania, Practica Capital, Triniti Jurex and Vilnius TechFusion, we’ve checked in with how the Lithuanian startup and venture capital ecosystem is doing, in numbers.
- The combined enterprise value of startups HQd & founded in Lithuania grew 16.8x between 2017 and 2022, against a CEE growth average of 4.2x. This makes Lithuania one of the fastest-growing startup ecosystems in Central and Eastern Europe.
- Lithuanian startups raised €295M in 2022, their second best year on record.
- Lithuania ranks 6th among Central and Eastern European countries for 2022 Venture Capital investment, and 3rd for VC investment per capita.
- Security and Fintech are Lithuania’s most funded industries.
- Vilnius HQd companies raised 95% of all funding raised by Lithuania HQd startups.
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- With 740+ startups & €8B in combined ecosystem value, Vilnius alone accounts for 92% of the combined enterprise value of startups HQd in Lithuania. Key sectors are Fintech, ICT, Laser tech & Biotech.