Lithuania, a nation with a rich history of innovation and entrepreneurship, has witnessed an incredible surge in the number of unicorns – privately held start-up companies valued at over $1 billion – in recent years. With the rapid growth of the Lithuania economy and the rise of disruptive technologies, these 2 unicorn companies have become the driving force behind the nation’s rise as a global powerhouse.
So without any delay, let’s get started and discover the world of Lithuania’s unicorn companies!
List of 2 Unicorns in Lithuania
1. Vinted
A Lithuanian online marketplace that provides a platform for buying and selling second-hand fashion items.
Company Details:
- Valuation: $4.53B
- Investors Name: Accel, Insight Partners, Burda Principal Investments
- City: Vilnius
- Industry: E-commerce & direct-to-consumer
- Total Funding Raised: $562.23M
- Founded Year: 2008
- Joined Unicorn Club: 11/27/2019
- Total Investors:
- Total Deal Terms: 5
- Website: https://www.vinted.com/
2. Nord Security
Nord Security is a cybersecurity company that develops software products for online privacy and security, including virtual private networks (VPNs) and password managers.
Company Details:
- Valuation: $1.60 B
- Investors Name: General Catalyst, BaltCap, Novator Partners
- City: Vilnius
- Industry: Cybersecurity
- Total Funding Raised: –
- Founded Year: –
- Joined Unicorn Club: 4/7/2022
- Total Investors:
- Total Deal Terms: –
- Website: https://nordsecurity.com/
Conclusion
In conclusion, Lithuania’s top 2 unicorns showcase the nation’s innovative power and economic growth. These companies are making a global impact and reshaping industries. Keep an eye on these trailblazers, as they continue to redefine success in the ever-evolving world of innovation.