1、The Lithuanian Startup Ecosystem 2024January 2025Page/2 1 The Rise Of Lithuania Tech2 Ecosystem Today3 Outlook4 Regional AnalysesPage/2 Page/3 2024 has been a significant year for Lithuanias startup ecosystem.With a valuation exceeding 16Ba remarkable 39x growth in just a decadewe have established o

2、urselves as a regional leader.Lithuania continues to be the fastest-growing startup ecosystem in CEE and ranks second-highest in EV per capita,driven by thriving startups,substantial foreign investments,and some of the regions largest seed round sizes.Vilnius has emerged as the EUs leading city for

3、cybersecurity,while both Vilnius and Kaunas are recognized as top medtech hubs,underscoring our strength in high-impact sectors.Despite global market challenges,Lithuanian startups have demonstrated resilience and adaptability,showing greater stability and growth than many regional counterparts.Nota

4、bly,foreign unicorns and 1B+exit companies have also chosen Lithuania as a key base of operations,further enhancing its reputation on the global stage.These achievements show just how ambitious and determined our startups are,and whats possible when we all work together as an ecosystem.Through progr

5、ams such as the Startup Lithuania accelerator powered by Plug and Play,as well as GameTech in collaboration with GameBCN,EdTech in collaboration with xEdu,and ICT accelerators,were creating real opportunities for Lithuanian startups to thrive,push boundaries,and make their mark on the global stage.K

6、arolina UrbonaitHead of Startup Lithuania at Innovation Agency LithuaniaPage/4 Lithuanian startups are worth more than 16BThe combined value of the ecosystem has grown 39x in the last ten years.Source:Dealroom.coSum of the valuations of all Lithuanian HQ or founded startups.Using public market data,