The Second annual report on the state of the Lithuanian startup and venture capital ecosystem, in partnership with Startup Lithuania, Practica Capital, Triniti Jurex and Vilnius TechFusion.
In brief:
• In 2023, Lithuania maintains its position as the fastest-growing startup ecosystem in the Baltic region.
• The combined enterprise value of Lithuanian startups has grew 7.1x between 2018 and 2023, double the average in the wider Baltic and CEE regions.
• Lithuania ranked 2nd in CEE by VC investment in 2023, ahead of Poland – Enterprise Software, Security and Energy are Lithuania’s most funded industries.
• Vilnius is responsible for 91% of all Lithuanian startup enterprise value, and 96% of 2023 Lithuanian startup funding raised.
Download full report for more.