Lithuania’s startup scene has been evolving with increasing combined enterprise value from 2017
to 2023, showing strong growth and resilience in venture capital and entrepreneurship.
Prominen startups that gained the attention of many investors continue to be born and grow in this country.
The Baltic country maintained its position as the fastest-growing startup ecosystem within the
Baltic region in Europe in 2023. In 2024, Lithuanian startups showed a promising future, as many
received funding in the year’s first quarter (Q1): Argyle Funding: $30M (€27.7M), Axiology Funding:
€2M, Evergrowth Funding: €2M, Leya AI Funding: €1M, Cyber Upgrade Funding: €650K, MELP
Funding: €635K, LupaSearch Funding: €200K, Broswarm Funding: $100K (€92K).
https://siliconcanals.com/news/startups/8-startups-secured-largest-lithuanian-funding-rounds-in-q1-2024/
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