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We came across a post on the recent explosion in activity on the Lithuanian startup scene. I contacted the author of the post, Edmundas (Eddy) Balcikonis, about doing a story for GoalEurope and he has very graciously allowed to provide a summary here. You have various events, bits of funding news, and calls for applications, so let’s get started!
Perhaps most active in the Lithuanian startup community has been Hub Vilnius. It’s been around since 2010, but recently they’ve hosted the inaugural Vilnius Launch48 Weekend, HUB Camp 11, HUB Camp 12, Global Game Jam, and LT Game Jam, all since the beginning of this year.
We wrote about StartupHighway a few weeks ago, but it’s worth providing a reminder that they are seeking applicants for the 3rd run of their acceleration program. The application window doesn’t close until March 31st, so there’s definitely still time to apply.
When we first wrote about StartupHighway last month, we mentioned that one of the more successful startups from their second run was Dragdis, an image-collection service. Well, Eddy wrote in the update to his original post that they’ve launched their private beta since we last wrote. Thus, those interested can now go and learn more about their service.
As Eddy write the original post, it’s worth mentioning his own project, Start Karma, which he presented at HUB Camp 11. Begun in 2012, Start Karma is a non-profit organization which provides an open-source database of all the information needed for creating a startup.
In terms of investment news, the original piece highlights Practica Capital’s recent decision to invest in Gifty, a gift app for iOS, Android, and Windows Phone. The terms for the investment in Gifty were not disclosed, but we’ve recently had the opportunity to write about a couple of other investments from Practica, the 153,000 euro that they decided to invest in money-transfer service TransferGo and the 185,000 euro that they decided to invest in 3D-model marketplace CGTrader.
Easily the biggest investment news, though, was when YPlan obtained $1.7 million (1.3 million euro) from British firms Wellington Partners and Octopus Investments. This iPhone, and soon-to-be Android, app offers users a portal for making last-minute bookings in London and was created by Rytis Vitkauskas and Viktoras Jucikas.
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