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Locals share why Vilnius, Lithuania is becoming an international startup hub

TechCrunch

There are plenty of reasons why Vilnius, Lithuania’s capital city, has an increasingly visible startup sector. However, one said: “The ecosystem still lacks local funding for the late Series A and beyond rounds.”. Local and with small funds, mostly subsidized by government and EU. We surveyed: • Gerda Sakalauskait?

Lithuania 103
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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? firm Versprite.

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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. To better reflect our user numbers, we had to quickly expand our team to 130.”.

Lithuania 103
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As our populations age, this startup is turning live-in care into a gig-economy platform

TechCrunch

Ithaca, GMPVC, SumUp Impact Fund, Verve Ventures and angels also participated. The startup plans to now scale up in its European markets of Germany, Poland, Romania and Lithuania. We have been following marta for the past months and are impressed by the technology and traction the team has delivered. It’s now raised a €6.6

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Freelancing is the new normal: oDesk and the future of the workforce marketplace

The Next Web

For us, the opportunity is not about taking market share from other players, it’s really about expanding the awareness of online work and hiring these virtual global teams as an alternative to traditional way of recruiting or building a company,” he said. That’s where the Private Workplace comes in. Focus on the East.

Russia 151
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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. The team is best in class, very technical and very agile. That’s much cheaper than card payments.

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