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From ‘literally zero’ experience to $100M, this VC is raising his second climate tech seed fund

TechCrunch

The five-year-old firm is targeting $100 million for its second seed-stage fund, and it’s doing so smack in the middle of a climate-tech dealmaking boom. Climate tech is cool now, but Peciulaitis’s Lithuania-based venture firm is sticking with its name anyways. So, if anything, it’s trendy. billion in value.

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Railsbank, the Banking-as-a-Service, raises $37M in growth funding

TechCrunch

Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. Singapore, Vilnius (Lithuania), Munich (Germany), Newcastle (U.K.), Leading the round is MiddleGame Ventures and Ventura Capital, which are both existing investors in Railsbank.

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Nord Security, the startup behind NordVPN, raises its first-ever funding, $100M at a $1.6B valuation

TechCrunch

Now Nord Security , the startup behind one of the bigger paid VPN providers, NordVPN , is announcing significant funding at a “unicorn” valuation to build out both its consumer and enterprise business lines to capitalize on that growth. This round values the startup at $1.6 So why raise now?

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Revolut confirms cyberattack exposed personal data of tens of thousands of users

TechCrunch

Revolut, which has a banking license in Lithuania, wouldn’t say exactly how many customers were affected. Revolut also declined to say what types of data were accessed but told TechCrunch that no funds were accessed or stolen in the incident. “Customers who have not received an email have not been impacted.”.

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After lockdowns boost gaming marketplace Eneba, it raises $8M from Practica and InReach

TechCrunch

Eneba , a marketplace for gamers that sells games and other products, has raised an $8 million round of funding from Practica Capital and InReach Ventures. The funding is described as a “combination” of a seed and Series A round. traffic.

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Montonio is building the payment and checkout solution to rule them all

TechCrunch

The company just raised a $12 million Series A funding round (€11 million) led by Index Ventures. Montonio currently supports all major banks in Estonia, Latvia, Lithuania and a few major banks in Finland. Previous investors Tera Ventures, ffVC and Superangel also participated in today’s funding round.

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Chronosphere nabs $43M Series B to expand cloud native monitoring tool

TechCrunch

The company has been spread out from the beginning, even before COVID, with offices in Seattle, New York and Lithuania, and that has helped in terms of having a broader base to recruit from. IBM is acquiring APM startup Instana as it continues to expand hybrid cloud vision.

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