Get our rare newsletters
Contact GoalEuropeIf you have questions or need a consultation, get in touch.
Lithuanian ImpressPages, an open-source CMS with a drag-and-drop interface, announces that they have raised 200,000 Euro from Practica Capital. The company says that the funding raised will be directed towards financing company and product improvement as well as ImpressPages Marketplace, a store where creators of plug-ins for the service will be able to sell their products. Another part of the funding will be used for a significant expansion in system functions. The startup won the “Most Promising Open-Source Project” in the 2011 Open Source Awards.
ImpressPages allows web builders use website as a visitor, and change the layout and add content with a simple drag-and-drop interface (something similar we saw offered by Latvian Berta.me, favoured by the creative people). is a CMS service built on PHP5.3 and MySQL and is free to use. It offers interfaces in 32 languages and a number of themes and plug-ins to provide some customization options. Those interested can check out this video for a better idea of what these guys are doing.
We’re quite familiar with Practica Capital, having previously covered them when they invested in 3-D model marketplace CGTrader, invested in money-transfer service TransferGo, invested in Windows 8 cross-promotion network AdDuplex, and when they announced a partnership with Vilnius-based accelerator StartupHighway. Practica was founded in 2011 and manages the 6 million Euro Practica Seed Capital Fund and the 15,7 million Euro Practica Venture Capital Fund. Almost 100% of the Seed Fund and 70% of the VC Fund are supported by funds from the EU-backed JEREMIE program, with the rest coming from private investors. I think that it’s safe to say that Practica Capital has become one of the most active, if not the most active, investor in Lithuania over the past few months.
+44 (020) 3290 3544
vita at goaleurope dot com