Share This

• 
• 
• 
• 
• 
• 
• 
• 

The sculpture is located in the Lithuanian town of Kaunas, and is called “Star Sower”. “Startup sower” however is based in Vilnus, the country’ capital.

Lithuanian startup accelerator Startup Highway is currently accepting applications for its 3rd class. Located in the capital Vilnius, the accelerator intends to accept up to 10 teams and will be taking applications until March 31st. The teams selected will each receive up to 14,000 euro in seed funding in exchange for 10% equity in the startup. Each team receives 2,000 euro for the idea and then 3,000 euro for each founder. 

I spoke with Agne Adomaityte, a “communications geek” with the accelerator and she told me that past success stories include Sellfy, Relead, and Llamas Valley from the first crop of startups, and  Place I Live and Dragdis from the most recent run. 3 out of 4 startups from the original group went on to receive follow-on funding within 12 months of graduation. 

Sellfy, from the first batch, is probably one of the most prominent success stories. A service which enables users to sell their own digital content, such as books, movies, and music, Sellfy has increased its business 10-fold since its founding and attracted angel funding in summer 2012 from such major investors as Skype co-founder Toivo Annus and Skype Estonia head Sten Tamkivi. Currently, the startup is working to raise an A round of investment. 

Relead, is a startup which offers analytics software that enables companies to identify the companies that are visiting their website. In other words, when a company receives a visit to its site from a different company, the site owner will have access to a full report on key statistics about the site visitor. This service aims to improve connections between businesses and potential partners or clients. Relead, which is also preparing for an A round of investment, released its public beta in March of last year. 

Llamas Valley is a iPad magazine which has managed to achieve a nice degree of success since it first came out. I’m told that the company’s English version had 68,000 readers in April. On a monthly basis, the company’s app averages 40,000 readers. Last year, the company received an investment. 

Called Kurgyvenu.lt in Lithuanian and “Place to live” in English, this startup’s site averages 10,000 visitors per month. This service provides unbiased information about the quality of real estate in a particular country. In 6 months last year, the company developed its public beta. The startup has versions of its site in Russian, English, and Lithuanian, so it seems like they’re targeting a few different markets. This startup is from a more recent class than the previous 3 listed, so it has not yet had as much time to develop. 

Also from the most recent class, Dragdis is a startup which offers interested users the opportunity to sign-up to hear about its public beta, which is scheduled to be released in the near future. There’s little information about this startup available now on their site, but I gather from their presentation at Startup Highway that they are attempting to provide a new way to easily collect images from the web and make them available in one central location. Android and iOS apps are on the horizon.

Tweet

Follow @Brendan_Maynard