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In the first half of 2025, Lithuanian startups have raised a record-shattering €167.7 million in venture capital—five times more than during the same period in 2024. This dramatic growth reflects Lithuania’s rise as a serious player in Europe’s innovation landscape. With major deals led by cloud optimization unicorn Cast AI and a growing investor appetite across the region, Lithuania’s startup scene is stepping confidently into global territory.
A Year of Unprecedented Growth
According to the Unicorns Lithuania H1 2025 report, the investment boom marks the most successful half-year period in the country’s tech ecosystem to date. In total, 22 startups secured funding rounds.
Among the highlights:
- Cast AI raised a staggering €95 million, leading the pack with its cloud cost optimization platform.
- PVcase, a solar tech innovator, brought in €22 million.
- Fintech company Kevin secured €16 million, bolstering the payment infrastructure scene.
“This growth isn’t accidental,” says Ieva Žilionytė, director at Startup Lithuania. “We’re seeing the compounding result of strong policy support, international investor interest, and a generation of founders who think globally.”
Key Sectors Driving the Boom
The most funded sectors in H1 2025 include:
- Cloud Infrastructure and DevOps (Cast AI, Hostinger)
- GreenTech and Solar Energy (PVcase, SoliTek)
- Fintech and Payments (Kevin, Ondato)
- AI SaaS for SMEs (Sintra)
Lithuania’s capital, Vilnius, remains the hub of innovation, though Kaunas and Klaipėda are also seeing increased startup activity.
Global Recognition for Local Talent
The Lithuanian tech scene is no longer flying under the radar. In 2025, several startups were shortlisted for European innovation awards, and more founders are being tapped by global accelerators like Y Combinator and Techstars.
International funds from Germany, the UK, and even Southeast Asia participated in this year’s top rounds.
“Lithuania is small in size, but big in vision,” notes investor Jonas Petraitis. “Talent here is ambitious, lean, and ready to scale.”
Challenges Ahead: Talent and Scale
Despite the enthusiasm, challenges remain. The competition for tech talent is fierce, with many startups relying on remote teams or relocating talent. Also, scaling beyond the Baltic market will require more global partnerships and growth capital.
To address these, Lithuania’s government is expected to introduce new startup visas, tax incentives, and cross-border VC initiatives in Q4 2025.
What’s Next for Lithuania’s Startup Scene?
With momentum on their side, Lithuanian startups are expected to break the €300 million mark by the end of 2025. New verticals—especially biotech, quantum computing, and AI for logistics—are attracting early investor attention.
For founders and investors alike, now is the time to watch Lithuania closely.
Lithuania is not just catching up—it’s quietly building a future-forward startup nation. What’s your take on the Baltic tech boom? Share your insights in the comments or tag us with #BalticStartups on social media.
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