The total value of Lithuania’s startup ecosystem reached €16.4 billion in 2025, according to the latest Dealroom report initiated by Startup Lithuania, a division of the Innovation Agency. In just one year, Lithuanian startups attracted €220 million in venture capital investments from 77 unique investors. The ecosystem’s growing maturity was further confirmed earlier this year with the addition of a new unicorn to Lithuania’s startup map — Cast AI. “Over the past five years, Lithuania’s startup ecosystem has grown 5.9 times — nearly four times faster than the Central and Eastern Europe average of 1.6 times. Lithuania is no longer jus... More

Checkout.com, a leading global digital payments provider, has announced the establishment of a technology centre in Vilnius. The expansion follows the acquisition of Blue EMI, a Lithuanian electronic money institution, and will see Checkout.com build capabilities in compliance and technology, to serve its operations. Since its establishment in 2012, Checkout.com has evolved from a fast-growing fintech into a payments infrastructure provider serving some of the world’s largest enterprises, with an expanding geographic presence and global operations. The company enables businesses to accept, process, and optimise digital payments worldwide, with services spanning online card acquiring... More

Lithuania could become one of Europe’s strongest tech centres within just five years, according to the latest study by the association Unicorns Lithuania. The analysis shows that by 2030, the number of startups in the country could triple, the number of specialists employed could double, and the state budget could receive an additional €5 billion in tax revenue. However, according to the association, such a breakthrough is only possible if the country actively fosters the creation of artificial intelligence (AI) startups. The study estimates that this would require €270 million in state investment by 2030. Association Chair Mantas Katinas says that Lithuania’s startup... More

Proton, a Swiss privacy-focused technology company, is expanding its software engineering operations in Lithuania as part of its broader global development strategy. The Vilnius office, established in 2019, currently employs around 20 specialists and acts as a regional R&D hub integrated into Proton’s global product teams.  Proton was founded in 2014 by a team of scientists who met at CERN. Guided by the belief that privacy is a fundamental human right, the company has grown into a global provider of secure, open-source services with more than 100 million accounts across 180+ countries. Its products include Proton Mail, Proton VPN, Proton Drive, Proton Calendar, Proton Pass... More

In the annual IMD World Competitiveness Ranking, Lithuania has made a historic leap, climbing nine positions to reach its highest spot ever — 21st place. According to analysts at the Innovation Agency, this achievement was influenced by a business sector that adapts flexibly to change and a rapid pace of digital transformation. This year, Lithuania joined the ranks of European Union leaders, ranking 9th in the region. According to Minister of the Economy and Innovation, Lukas Savickas, these results demonstrate international investors’ trust in Lithuania and that the country’s potential is recognized not only in words but also in action. “Lithuania is rapidl... More