Lithuania’s tech ecosystem: Founders and executives discuss its evolution
Lithuania's tech ecosystem is experiencing rapid growth, fueled by innovation and government support, particularly in Vilnius and emerging hubs such as Kaunas. The country boasts a dynamic startup scene with significant investment and valuations, showcasing its potential as a regional leader in Central and Eastern Europe. This growth is attracting global attention and investment, reinforcing its position in the European tech landscape. Lithuanian tech companies raised nearly €600 million in 2024, with overall ecosystem valuation exceeding €16 billion, a remarkable 39x growth in a decade. Vilnius has been recognized as the fastest-growing tech city in the European Union in 2025 and the 13th fastest globally. The country is home to over 1,100 startups, employing around 20,000 people, and a thriving fintech sector. This expansion has significant implications for both local and international businesses. Successful startups like Nord Security and Vinted are attracting talent and investment, fostering a positive environment for growth. The focus on digital innovation, including fintech and AI, positions Lithuania as a key player in Europe's digital transformation. Moreover, Lithuania's success offers a potential model for other European countries seeking to boost their own tech sectors. Looking ahead, continued investment and support will be crucial for sustaining Lithuania's tech momentum. The presence of established companies and a growing talent pool suggests a promising future for Lithuania's digital economy. As the ecosystem matures, it will likely see further specialization and diversification across various tech sectors.
To provide multilingual access, this article summary was automatically generated.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.