February's newsletter is here: prepare to be amazed! 😉

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February, 2024

In this month's newsletter, we're thrilled to share some of the latest news and updates from Vilnius TechFusion.

February in Vilnius' Tech Scene: Unveiling the Top Highlights

February kicked off with a burst of excitement, as once again, Vilnius came into the spotlight in fDi Intelligence's European Cities & Regions of the Future 2024! Impressively, our vibrant city claimed third spot in the Mid-Sized European Cities of the Future category, showcasing its undeniable potential.

But wait, there's more – Vilnius dazzled in the Economic Potential category, too, securing yet another third place ranking, and nearly clinched top spot in Human Capital and Lifestyle, placing second. Not to mention our city's stellar performance in Business Friendliness and Foreign Direct Investment categories, placing sixth a remarkable fifth, respectively.

Now, let's dive into the month's highlights and get ready for an epic lineup of upcoming events that promise an unforgettable experience!

Main Headlines

Axiology's groundbreaking venture secures €2M investment

Vilnius-based Axiology, a cutting-edge platform for tokenized securities, is revolutionizing investment trading with Distributed Ledger Technology (DLT). In a major stride forward, they've just secured a €2M investment round from angel investors and two top-tier venture capital funds.

Get the details

Vilnius' Walk15 scores €1M boost in second investment surge

The sustainable mobility app Walk15 secured a €1M investment, fueled by venture capital firm Coinvest Capital and backed by 32 angel investors led by Justinas Pašys, CEO of future unicorn PVcase Deividas Trainavičius and others. This marks their second windfall in a three-month sprint.

Learn more

Lithuania's tech pioneers take a bold leap to Silicon Valley

With the unveiling of InnoHub Lithuania, we're forging a lightning-fast link between US industry titans and the dynamic Lithuanian innovation scene. This is the first Lithuanian space of its kind, serving as a hub for top-notch local tech brilliance, both in person and online.

Get the full scoop

Lithuania calls on Proptech startups for unique decarbonization challenge

On 20-22 March, Vilnius will ignite with innovation at the Built Environment Decarbonisation Bootcamp, a collaboration between the Baltics' biggest real estate players and global Proptech startups hungry to make their mark on Europe. It's the first event of its kind in the region.

Check this out

Lithuania's FemtoLux 30 clinches victory at SPIE Prism Awards

On 31 January, EKSPLA took home the coveted SPIE Prism Award for their groundbreaking FemtoLux 30. This triumph marks the second time the Lithuanian laser community has clinched this prestigious accolade. EKSPLA continues to shine as a beacon of excellence in laser technology.

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TransferGo boosts global growth with strategic executive team

TransferGo is kicking things into high gear with the recent announcement of three additions to their executive squad! With a laser focus on turbocharging global expansion, these top-notch leaders bring a wealth of experience to fuel TransferGo's ambitious journey into new territories.

Get the insights

Teltonika seeks top talent to fuel Lithuania's Chip Industry

Teltonika is ramping up its semiconductor project team. With big plans on the horizon, they’re gearing up to onboard about 20 top-notch specialists. They will dive into one of the country’s most ambitious endeavours yet – building the semiconductor chip industry from the ground up.

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Inion Software soars across Europe in Cleantech breakthrough

In 2023, Inion Software, the Vilnius-based startup sensation, achieved unprecedented success. With their innovative and modern solutions for monitoring and managing solar power plants, they skyrocketed past the €1M mark, doubling their sales from 2022 and setting new standards.

Get a glimpse