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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. But what are the locals excited about on the ground? However, one said: “The ecosystem still lacks local funding for the late Series A and beyond rounds.”. Moreover, the local investor community is quite dynamic.

Lithuania 103
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Two undersea cables in the Baltic Sea damaged in suspected sabotage

TechSpot

According to a spokesperson from telecommunications company Telia Lithuania who spoke to CNN, a communications cable between Lithuania and Sweden was cut on Sunday morning around 10:00 a.m. local time. Read Entire Article

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

TechCrunch

The investment highlights once again the strength of the Baltics region as a tech ecosystem, after Lithuania produced its first Unicorn in the shape of Vinted , and Estonia added Pipedrive to its unicorns list. The site also optimizes its localized gaming experiences to show locally trending gaming products.

Lithuania 103
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Richard Branson backs Lightyear as UK stock trading platform launches into Europe

TechCrunch

last year , Lightyear has entered a space that includes local incumbents such as the well-funded Freetrade , not to mention long-established players on the other side of the Atlantic such as Robinhood , which canned its U.K. Launching out of stealth initially in the U.K. launch plans back in 2020.

Europe 86
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Freelancing is the new normal: oDesk and the future of the workforce marketplace

The Next Web

Among other fastest-growing client countries one can also find Latvia, Pakistan, Romania, Lithuania, and Malaysia. People typically come in and start bidding on jobs at around what they’d typically make locally, and in many cases that is well below what the client would be paying locally, so they end up finding great talent and great value.

Russia 151
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Strava acquires Fatmap, a 3D mapping platform for the great outdoors

TechCrunch

“We will enable Fatmap technology in all of Strava’s services, empowering anyone to discover and plan an outdoor experience with curated local guides, points of interest and safety information.” and has part of its workforce based there, the bulk of its 50 employees are spread across offices in France, Germany and Lithuania.

Map 102
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Despite remote work and the economic downturn, some companies look to London for expansion

TechCrunch

Proton , the Swiss company behind encrypted email service ProtonMail , already has hubs across its native Switzerland, Lithuania, North Macedonia, and Taiwan. Another emerging theme here is how companies’ relationships with local communities and society in general are evolving, with remote and hybrid working playing a pivotal part.