# Lithuania

After a decade of turning down VCs, Oxylabs hits $3.6bn valuation: 'Right timing, right partner'

The Lithuanian data infrastructure company took its first outside money from Warburg Pincus at a $3.6bn valuation. CEO Vytautas Savickas and CFO Jurgis Rudgalvis explain why

Vinted hits €8bn valuation following big secondaries sale

The scaleup has become one of the hottest commodities on the secondaries market, insiders have told Sifted

Why Vinted moved into venture, with Milda Jasaitė

Plus: How to get more women into top startup roles

Exclusive: Secondhand marketplace app Vinted launches VC unit 'Vinted Ventures'

Lithuania's first unicorn pledges up to €10m for other 're-commerce' players

Revolut slapped with €3.5m fine after failing to tackle money laundering, regulator says

Officials say there were 'violations and shortcomings' in Revolut's operations

In eastern Europe, success keeps breeding success

Skype set in motion a flywheel that has kept spinning in the region

Cybersecurity unicorn Nord Security on its journey from bootstrapping to IPO readiness

The Lithuanian unicorn is on a mission to become “the largest cybersecurity company in the world”

Lithuanian fintech kevin blocked from serving new clients by national bank

The fintech is late with its financial reporting 

The Baltics’ fastest-growing startup teams

Startups and scaleups across Estonia, Lithuania and Latvia have grown in employee headcount despite the economic odds — here's how

Accel-backed fintech kevin failed to pay staff for two months, say sources

Current and former employees tell Sifted they are disheartened about how the situation has been mishandled

Latin America is a huge market for startups, but there’s one big catch

Eastern European founders are jumping the Atlantic, joining Iberian startups in the adventure

See the pitch deck solar SaaS startup PVcase used to raise a $100m Series B

'The G-spot of Europe': how Vilnius is trying to attract international tech talent

Vilnius city hall officials are on a charm offensive to try to encourage the best talent across European tech to relocate to Lithuania

Brunch with Vinted’s CEO: 'We're technically IPO-ready'

The Lithuanian secondhand clothing marketplace is the country's biggest tech success, and a public listing is the classic next step. But its CEO envisions a different type of growth

Spinouts and biotech: Vilnius’s startup ecosystem in numbers

From university spinouts to childcare policy, a variety of factors contribute to Vilnius’ startup boom

Inside Europe’s largest vertical farm, growing a tenth of Lithuania's salad

At its Vilnius facility, Leafood is hoping to succeed where other vertical farming startups have failed

Why Lithuania could be set to be Europe’s next deeptech hotspot

Lithuania’s rich life sciences sector, favourable tax regime and resilient economic growth all contribute to deeptech’s growth

Lithuania’s Practica Capital has raised €32m of its third fund to support Baltic startups

The VC has backing from Vinted cofounders and regional asset managers 

CEE bucked the trend and kept growing in 2022 — despite the war in Ukraine

For central and eastern Europe, 2022 was all about more funding, more fundraising — and the terrible effects of the war in Ukraine

Baltic Sandbox targets €13m fund to develop deeptech ecosystem in the region

The new VC plans to develop the deeptech ecosystem across the Baltics

Startup Wise Guys’ Lithuanian team forms its own VC, FIRSTPICK

The new fund has €15m of its €20m target already committed to support early-stage startups in the Baltics

Top early-stage investors in CEE

Sifted and Dealroom have ranked central and eastern Europe's top investors, and highlighted some of their most notable deals to date

Baltic startups to watch in 2022

Sifted ranked the tech startups in Latvia, Lithuania and Estonia that are the ones to watch this year.

Most ‘startup-friendly’ and unicorns galore: The Baltics in data

6m inhabitants, over 5,000 startups and 12 unicorns: “That’s the story of the Baltics”