10 Lithuanian startups that raised the country’s largest funding rounds in 2024; 6 of them are hiring right now

Lithuania is proving to be an attractive destination for both entrepreneurs and investors alike.

There are over 1,000 startups and tech companies in the country, providing jobs for more than 18,700 people.

By mid-December, Lithuanian startups had raised €86M this year through 38 deals, according to the report.

Although the number of deals increased by 40 per cent in 2024, the total investment dropped significantly from €268M to €86M compared to the same time last year, adds the report.

“The total amount of investments attracted this year will be smaller, but the rising share of taxes paid shows that the sector is growing and strengthening. The Lithuanian startup ecosystem stands out globally, as the majority of startups operate successfully without external investments and grow from profit. However, attracted investments are one of the important components of startup success. Without capital and investment incentives, ensuring financial stability and success stories, we will not achieve Lithuania’s economic breakthrough. For comparison, in Estonia, over 60 transactions took place this year, attracting over 345 million euros,” says Gintarė Verbickaitė, head of Unicorns Lithuania.

In 2024, the outlook for Lithuanian startups appears bright, with many securing funding. Let’s take a closer look at the top funding rounds from 2024 in Lithuania, and for those looking for job opportunities, several of these companies are actively hiring!

Ovoko

Founder/s: Justinas Baranovskis and Olegas Lopeta

Funding raised in 2024:  €20M 

Hiring status: Yes| Apply here

Ovoko is an online marketplace that makes it simple to find, purchase, and sell used automobile parts. The Lithuanian company provides a digital warehouse management system for efficient inventory control and logistics solutions, ensuring reliable and timely delivery of car parts across the EU.

Bourgeois Boheme

CEO: Hugo Gomez

Funding raised in 2024: €6.5M 

Hiring status: No

BoBo aims to transform family cash flow management for modern, wealthy entrepreneurs. It claims to be the first fintech company to digitise family cash flow management and enable secure, high-value transactions using its proprietary security systems, enhanced by AI database analysis.

The Lithuanian company streamlines unlimited wire transfers, and card transactions up to €1,000,000, and manages geographically dispersed assets for Ultra High-Net-Worth Individual (U)HNWI families. 

Biomatter

CEO: Laurynas Karpus

Funding raised in 2024: €6.5M 

Hiring status: Yes| Apply here

Biomatter (previously called Biomatter Designs) is a synthetic biology company that creates new proteins for health and sustainable manufacturing applications.

The Lithuanian company’s Intelligent Architecture platform enables the creation of new enzymes from scratch, overcoming the limitations of natural enzymes and broadening their potential applications. It can create tailored enzymes for various industries, reducing development time from years to weeks. 

Vixichain

CEO: Roy Mayer

Funding raised in 2024: €6.7M 

Hiring status: Yes| Apply here

Vixichain is a blockchain company focused on improving Traditional Finance (TradFi) through easy interaction with public blockchains. It offers a cost-effective Layer-1 platform that allows financial institutions to access decentralised finance (DeFi) applications.

The Lithuanian company provides smart contracts for faster, secure transactions and features the Vixi Wallet, a user-friendly tool for managing digital assets. To connect traditional finance and blockchain technology, Vixichain is leading the way in financial transformation.

Fideum

Founder/s: Anastasija Plotnikova, Darren Franceschini and Kelghe D’cruz

Funding raised in 2024: €5.7M 

Hiring status: No

Fideum is a fintech company dedicated to helping banks and small businesses adopt digital technology with a complete and compliant blockchain solution.

Unmanned Defense Systems

Founder/s:

Funding raised in 2024: €3.2M

Hiring status: Yes| Apply here

Unmanned Defense Systems specializes in advanced loitering munitions, battlefield situational awareness, and swarm tech solutions, focusing on integrating AI-based UAV swarms with modern BMS. The Lithuanian company’s drones are affordable, durable, and designed for essential tasks like reconnaissance and surveillance, emphasizing safety and effectiveness.

Saltz App

Founder/s: Tomas Šlimas and Andrius Šlimas

Funding raised in 2024: €3M

Hiring status: No

Saltz.app is a marketplace that links farms, fishing operators, and regional suppliers directly with customers in five European countries. Chefs can order through the mobile app. Suppliers send a single shipment to the Saltz warehouse, where the products are sorted and quickly shipped to customers.

Ligence

CEO: Arnas Karužas

Funding raised in 2024: €3M

Hiring status: Yes| Apply here

Ligence is a cardiac diagnostics startup that develops software for cardiac echocardiography using AI to automate image analysis, assisting cardiologists in making precise clinical decisions.

The Lithuanian company is built on advanced software that easily integrates with PACS and other hospital systems.

Unlike black-box solutions that only suggest conditions, it provides clear, guideline-based measurements aligned with ASE and ESC standards, giving clinicians full insight into each patient’s cardiac health.

Redtrack

CEO: Vladyslav Zhovtenko

Funding raised in 2024: €721K

Hiring status: yes| Apply here

RedTrack.io is a SaaS, privacy-first platform that provides marketers with real-time data, insights, alerts, and automation to maximise the return on ad spend, capture the customer journey, and evaluate marketing performance across all digital channels. 

Cyber Upgrade

Founder/s: Aurimas Bakas and Andrius Minkevičius

Funding raised in 2024: €2.5M

Hiring status: No

Cyber Upgrade is creating an AI-driven platform tailored for small and medium-sized enterprises (SMEs) that focuses on cybersecurity accessibility and inclusivity.

This gamified system features an AI chatbot as a virtual cybersecurity officer to help SMEs implement customized solutions. It also includes an interactive educational component to keep team members updated on the latest cybersecurity practices.