Here is the list of Lithuanian startups that you should keep an eye on and they might be worth investing in.

SearchNode

Created by a 16 year old Anthony Baksys and other co-founders, SearchNode helps to engage eCommerce sites visitors and boost retention with smart Plug & Play Search. The company was 100% bootstrapped from the beginning and 4 years later it calculates 6-digit number annual revenue. At the moment, SearchNode has more than 100 clients from 13 countries.

Inside Warehouse

Inside Warehouse increases conversions and engagements by embedding user and expert-generated content into retailer’s product details page. Founded by Tadas Deksnys and Justin Taruška, Inside Warehouse, raised $700 000 from Alchemist Accelerator, Foley Ventures, BIP group, Sean Byrnes (founder of Flurry, acquired by Yahoo YHOO -0.58%) and other angels from US and Europe. Before that, they were selected to Alchemist Accelerator, top tier accelerator in US and number 1 B2B accelerator, in the USA. At the moment, their customers include Fortune 500 company like Petsmart , as well as top-tier brands like Royal Canin, Bayer , Hill’s.

inPeak

inPeak is a software platform dedicated to the athletes to provide a visual and contextual output for the doctor, coach and athlete to “hear” what the body is saying. By taking this information into account coaches and doctors can adjust training intensity, schedule, diet, supplements, rest, etc., in order to ensure that the athlete does not burn out or get injured. As the founder, Mindaugas Krisciunas states: “Our vision is to put our product to work with the best athletes in the world and together with their feedback and requirements adjust the tool to be most useful.”. inPeak already has partnerships with few Lithuanian and US national sports teams.

Copictures

Copictures is a worldwide photographers network uniting best photographers, media agencies and event organisers under a single platform. This also allows event organisers to have a single channel for their content, as photographers get a reliable uploading tool optimised for weak internet connections. Copictures is available as a hosted web service or can be integrated to other websites as a branded solution. With a $190 000 raised investment from Angel investors founders are planning to grow the business: “In the upcoming months we are scaling to other European markets like Sweden, UK and Finland.” – states CTO and co-founder, Dovydas Navickas.

Travel Ticker

Ivan Kuznetsov in Paris
Ivan Kuznetsov in Paris

Just last year established “Travel Ticker” offers a huge list of cheap hotels in the most attractive vacations and business destinations, as well as agencies such as twiddy rentals where you can rent places to stay during your vacation. Their goal is not only to help people to save money but also, they support travellers by financing their journeys. “We like to work in saturated markets because there is a lot of money to be made as long as you have unique and effective way to acquire customers.“- Eimantas Balciunas, CEO of “Travel Ticker” states. This year they spent $25,000 to help such explorers, as Ivan Kuznetsov (@beerkus) and many more.

SureTrip

SureTrip is an internet based insurance intermediary which will provide travel insurance in a simple, fast and flexible way to meet the demand of modern people. At the moment, the service is being developed by an IT guru Lukas Junokas and, one of the top tier law firm, lawyer Artūras Asakavičius and advisors from Lloyd’s Broker BDB Limited. ”SureTrip meets the e-insurance trends and it provides travel insurance on demand. It also helps to cut insurance cost for the underwriter acquiring relatively small premiums” – states Artūras Asakavičius. With the plans to launch desktop version and mobile app in September, it is still closed for the public eye.

At the moment project is bootstrapped, but SureTrip is planning to start raising seed investment after it starts acquiring first clients.

CGTrader

One of the 3D models from CG trader gallery (Credit: Victor Hugo Sousa)
One of the 3D models from CG trader gallery (Credit: Victor Hugo Sousa)

CGTrader is a 3D model marketplace for computer graphics, virtual reality and 3D printing, backed by a strong professional designer community. The company was started in 2011 by a 3D designer Marius Kalytis and 5 years later it is the biggest 3D model marketplace with 500,000 models and 500,000 users. Dalia Lašaitė, CEO of the company, says that this milestone is just a beginning – “As VR/AR, 3D sensing and 3D printing markets develop further, both demand and supply of 3D content will grow significantly – and our goal is to build the best platform for sourcing 3D designs as well as discovering and working with 3D designers from all over the world.”

Whatagraph

Founded by three brothers, Malinauskai, Whatagraph creates infographics to view Google analytics a simple way. For everyone, especially agencies, who work with Google analytics it takes a lot of time doing reports for bosses or clients, so having beautiful infographics without any work is a big plus. Soon Facebook, Instagram and Twitter analytics will be available. In just six months from the launch, they reached more than 2,000 clients including world ­known brands such like Swatch, ThomasCook and even Unilever . Whatagraph was selected to Rockstart accelerator program in Amsterdam, Netherlands.

 

by Laura K. Inamedinova

 

The Baltic Review
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