Lithuania: Europe’s secret tech powerhouse?

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12 March 2015

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Lithuania is a small. Yet it seems to have one of the most innovative and tech-savvy populations in Europe whose startup ecosystem has been growing constantly with record activity in 2014 and more than $100 million in investments over the past few years.

For most of us, the only names heralding from the tiny Baltic state are Pixelmator, a powerful image editor, which in 2014 was announced as the best iPad app of the year, and GetJar, the biggest independent cross-platform mobile app store.

However, as Lithuania’s startup ecosystem gained momentum in the past few years, new promising startups started springing up. Some of them have already got huge traction, received record-big investments and got noticed on a world scale. For the others, everything is still ahead.

We decided to take a look at some of the companies punching way above their weight in the tech space, and those looking to make a big impact in 2015.

Note: we have confirmed the numbers with all startups except for Vinted, GameInsight and Yplan.

SaaS

Among Lithuanian SaaS startups that are raising money this year the most remarkable, and already funded, are Eylean Board, TrackDuck, Planner 5D, Dragdis.

startups 520x200 Lithuania: Europes secret tech powerhouse?

Planner 5D (on angel.co) is a cross-platform service that allows users to create floor plans and interior designs without any special skills. Currently, it has over 3M users worldwide and is raising a Series A of $2M.

Read the original story at thenextweb.com