DEALFLOW FROM LITHUANIA: THESE #LTSTARTUPS ARE RAISING OVER $100M
Lithuania is one of the smallest countries in Europe with a population of 3 million. However, our startup ecosystem has been growing constantly with record activity in 2014 and more than $100M in investments over the past few years. In 2015 Lithuanian startups plan to raise more money than ever before. Here is just a portion of startups who are going to take the lion share of it. We have confirmed the numbers with all startups except for the first biggest three.
Elephants in the room
GameInsight is a global game development giant, which moved its headquarters to Vilnius, Lithuania in 2014. In 2013 GameInsight closed a $25M series A from IMI.VC fund and is nowfundraising a new investment in the hundreds of millions. Connect:twitter.com/game_insight, angel.co/game-insight, linkedin.com/company/1266268
YPlan, the "Tonight's going out app" has been on a fundraising spree for quite some time now and has raised $37.7 Million in 3 Rounds from 16 Investors. Seems like right now Yplan is very well funded and focused on execution, however the word is out that by the beginning of 2016 YPlan will raise a round significantly larger than their previous $24m in 2014. Connect: twitter.com/YPlan, linkedin.com/company/2666272