Record start-up year: 420 million attracted EUR investment Business

Impressive sales and investment

“This year is definitely exceptional for the whole Lithuanian start-up ecosystem. It seems that we are barely able to record the investment transactions of start-ups – we currently have more than 50 of them, and in total this year the start-ups have managed to attract more than 420 million. Eur investment. This is an absolute record compared to the previous year, when the previously record-breaking 2019 attracted about 170 million. Eur.

It is important to mention that only publicly announced transactions are counted, some of them are not published due to confidentiality agreements, so they are not included in the statistics. Another important achievement of the ecosystem is the sale of start-ups. If in previous years there were only one or two sales a year, this year the number is also record – the so-called “exits” were made by starters Paysolut, Marguard, Deeper, Dokobit and Aggredium Finance, and The year is not over yet, ”says Roberta Rudokienė, Head of Startup Lithuania, the start-up ecosystem development unit of Versli Lietuva.

According to her, Lithuanian start-ups were able to quickly solve the challenges that arose during the pandemic and discover and take advantage of new opportunities. With many activities and communication moving to the digital space, technology developed by start-ups has become even more in demand, and remote meetings have made it easier to reach foreign investors and agree on investments.

The head of Startup Lithuania says that this year’s start-up results show a record growth in sales, exports and the number of employees: in the first half of this year, Lithuanian start-up sales and exports were almost 3 times higher than last year, and the number of employees grew by 15%. and currently stands at 12.4 thousand. talents.

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According to the data of Versli Lietuva, during 2021. In the first half of the year, the total sales of Lithuanian start-ups amounted to LTL 1.33 billion. Eur and compared to 2020 over the same period, an increase of 162 percent, or 2.6 times. And the export of high value-added goods and services created by Lithuanian start-ups in the first half of this year showed even better results and reached 966.8 million. which is 192%, ie 2.9 times higher than in 2020. in the first half.

The start-up ecosystem has reached a gratifying stage of growth and is likely to grow even more in the near future, and we will hear about new investment deals later this year, with new records, new start-up sales and new unicorns ahead.

Startup Lithuania, together with its partner Go Vilnius, invites you to celebrate the exceptional achievements of this year’s entire start-up ecosystem at the Wrap Up of 2021 & Startup Awards event. The event will present an overview of the achievements of Lithuanian start-ups, discuss the start-ups’ achievements and work done, start-up ecosystem initiatives, as well as award Vilnius start-ups nominated in 6 categories.