2021-12-08-dealroom.co-The_Lithuanian_startup_ecosystem_8211_2021_30页_9mb

报告摘要

Lithuania Startup Ecosystem Analysis (December 2021)

Overall Ecosystem Growth: Lithuania's tech ecosystem experienced significant expansion in 2021, with record venture capital investment and increased startup valuations. The combined enterprise value of Lithuanian startups reached €7.1 billion, up 17x since 2016, driven largely by the emergence of unicorns like Vinted.
Venture Capital Investment: Total VC funding in 2021 totaled €428 million, a 2.2x increase from the previous peak in 2018. Early-stage funding grew 2.4x to €118 million, with 14% of funds coming from Baltic investors, 45% from Rest of Europe, and 37% from the US.
Startup Resilience and Expansion: Lithuanian startups showed strong performance during the pandemic, with a 15% increase in employees, 192% rise in revenues, and corresponding export growth. There were five recorded exits in 2021, including acquisitions by international companies.
Sector Focus: Key sectors attracting VC investment include Marketplace & e-commerce (€482 million), Fintech (€146 million), and Transportation (€136 million). Lithuanian Fintech raised 3.9x more in 2021 alone.
Key Players: Organizations such as Startup Lithuania, an ecosystem facilitator backed by government investment, and VC fund Practica Capital played pivotal roles. Practica Capital managed over €55 million in investments in 200+ companies, while Beltwide networks supported startup growth.
International and Legal Support: The ecosystem benefited from increased foreign investment, with foreign sources accounting for a growing share. Lithuania's favorable legal and tax regime for startups, including improved stock option regulations, enhances attractivity for global VC firms.
Future Outlook: Experts predict continued growth, with new unicorns and exits expected. Lithuania's export-driven mentality, low startup costs, and diaspora community position it for further expansion in sectors like Fintech and Marketplace.