img(height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=123828831609081&ev=PageView&noscript=1")
Startups in Lithuania – 31 Game Changers to Look Out For

Startups in Lithuania – 31 Game Changers to Look Out For

Lithuania is committed to become a startup hub and it is taking all the right steps for it. They have one of the shortest turnaround times in the world for company registration and start ups. Lithuania has followed Estonia’s lead and offers extensive e-government services such as access to public info, filing taxes and many other business services. This is why startups in Lithuania are booming.

Thanks to the fast processing of banking licenses Lithuania has also taken the lead in FinTech.

Vilnius Tech Park is the biggest startup hub in the Baltics and Nordics. Lithuania is taking off and they have numbers to back it up – in 2018 Lithuania received 178 applications from companies through their Startup Visa program according to a press release from Startup Lithuania.

Let’s take a look at some of the coolest startups in Lithuania on MeetFrank.

 

Whatagraph

Whatagraph is a powerful reporting platform that makes it easy to track how digital marketing channels are performing over time. In marketing data is everything and Whatagraph integrates your analytics into a ready-made report template to simplify your daily tasks.

Whatagraph has offices in Vilnius and Klaipeda and have just under 50 people in their team. Whatagraph is all about flexible work, they do plenty of team events and as a standard… there will be coffee.

 

Satalia Lithuania

Satalia Lithuania build bespoke, AI-based applications that revolutionize resource planning, supply chain, sales and customer service operations. Many talk about AI but Satalia is actually doing it. They work with brands like PwC, Tesco, BBC, Three and many more.

Satalia, like many startups in Lithuania, work in distributed teams – half of the company is located in Kaunas and others working from London, Berlin and elsewhere. There’s plenty of perks to balance your stress at work like table tennis, puzzles, playstation. On top of this they provide food you can enjoy on their terrace in good weather. 

Sounds like a dream, right? Check out if you match on MeetFrank.

startups

 

Telesoftas

TeleSoftas is a consulting and software development service company, started in 2004 to provide high-end bespoke solutions in mobile, big data, FinTech, communications and other sectors. They’ve worked with many well known brands such as Smithsonian, BBC, Ferrari, Tele2, Viavi.

Their office is filled with open spaces with chill zones, meeting rooms, spaces for gaming exhibitionists #noshame (table tennis, table football, VR games, PlayStation and etc.), and their small guilty pleasure – massage chairs. Why not check out the perks of one of the cool startups in Lithuania on MeetFrank.

 

Searchnode

SearchNode builds flagship search solutions for biggest ecommerce companies around Europe. You know the search bar in an online shop? They do that. Sounds simple? Maybe it is because they’ve built it 🙂

They use Natural-Language-Processing and MachineLearning algorithms to niche eCommerce search features. SearchNode has the right technology to build a perfect search experience. With clients like Euronics, Phone House, Decathlon, Senukai and Membershop, you can bet they know their field.

Keeping the culture fun like in many startups in Lithuania, they ain’t keen on corporate policies. Rather creating a work environment, where you want to come back every morning. Sometimes they all stay late in the office and watch football together.

 

Deeper

Deeper is a tech company that develops smart devices for outdoor activities. Specifically fishing. If you love tech and love fishing – Deeper will hit the spot for you. Deeper’s turnover grew by over 7,000%, leading it to be named one of the fastest growing tech companies in Europe by Deloitte. 

They are located in the aforementioned Vilnius Tech Park. The team has quickly grown to over 50 people and they believe in talent and sharing ideas whilst supporting one another.

 

DappRadar

Dappradar does what it says on the box – provides information and insights about all the existing dapps at the tap of your finger. It tracks over 2,500 dapps across seven blockchains, including Ethereum, EOS, ONT and TRON – just like a FTSE index but for Dapps.

So if you are totally into blockchain and want to help spread the info, this might be the one for you. Their office is in Kaunas and they’ve grown to nearly 50 team members. If you want to check out if this startup in Lithuania is a match for you, have a look in MeetFrank.

 

CGTrader

CGTrader is a leading 3D content provider globally and a trusted partner of e-commerce businesses. What does that mean exactly? It’s a 3D model marketplace for computer graphics, virtual/augmented reality/ and gaming, backed by a strong professional designer community.

Their office too is located in the bustling Vilnius Tech Park. If you are into AR and VR, check them out!

 

Kilo.Health

Kilo.Health is a digital health company which was founded more than 5 years ago. Their goal is to prove that being healthy can be joyful – entertaining rather than suffering. Their digital products consist of diet planners, customizable meal recipe generators, personalized exercising schedules & other exciting ideas that are still in the making. 

The great thing about them is they truly practice what they preach – they make sure they give their team the tools to stay happy and healthy. You can expect things like workation in Bali, gym membership, free food, hot tub & a games zone in the office. Check them out on MeetFrank.

Web Robots

Web Robots do web crawling better. They offer data collection services. It’s unique SaaS platform allows ultra efficient targeted web crawler creation. The platform is cloud based, therefore it is highly scalable on leading cloud providers.

They’re already making revenue of over €1M annually and operate from Vilnius with a small team. Like common for startups in Lithuania, they too offer flexible hours and team events. But also company retreats to relax and bond with your team.

 

Debitum Network

Debitum Network is a lending ecosystem that connects small businesses, investors and service providers. The platform is decentralised as information and services are provided by independent and professional 3rd parties.

Their operational HQ is located in Vilnius city centre, Lithuania. In addition to this they already have operations in Estonia, Latvia, Lithuania, Poland, and the Czech Republic. Into Blockchain? Check out who they seek on MeetFrank.

 

Cujo AI

CUJO AI is the leading provider of AI-powered digital life protection solutions for telecommunications operators market. Network, mobile and public Wi-Fi operators around the world utilize the CUJO AI portfolio of products to provide their customers with a seamlessly integrated suite of value-added services.

They have offices in Vilnius, Espoo and San Francisco and already employ over 50 people. AI is no longer the future but reality. If machine learning and AI floats your boat, check them out on MeetFrank.

cujo - startups in lithuania

 

Omnisend

Omnisend provide messaging solutions for e-commerce clients. I must add that it is not just an email solution – they create a user experience that makes a difference. Choose between email, SMS messages, web push notifications, Facebook messenger, Viber & Whatsapp or combine them into the workflow. All conveniently packed inside one platform. 

They know what companies need to market to their online store shoppers. And they have the creds to back it up – used by giants like Unilever, Fred Segal, Modkat, LifeVantage. Thei integrate with Shopify, Woocommerce, Magento and many more.

They’ve been running for a decade, have a team of just under 50 people and are based in Vilnius and London. With big clients like these Omnisend is definitely one of the startups in Lithuania to watch.

 

AirGuru

AirGuru thrives to be an honest flight search booking engine. Whether you are after deal for a holiday or a business trip, they’ve got you covered. To make sure that all their customers are satisfied they use innovative tools to analyse and research the global tourism market.

They are still an SME with a team under 50 people but have managed to grow their annual revenue to over 5M. Work perks wise they walk the talk offering extra holidays, team events and company retreats in addition to free coffee in the office.

 

PVcase

PVcase is an advanced engineering software based on the AutoCAD platform for topography based detailed PV plant designs. They’ve developed a unique tool that automates 3D terrain based solar engineering, so you not only save time, but also get much better precision. You’ve got to see this in action to appreciate it really, take a look.

They are based in Kaunas and have a brand new modern office with table football, table tennis and much more. Running since 2017 they are a small team of expert. Right time to jump in on something new. Check out if you are their perfect match on MeetFrank.

 

Mistertango

Mistertango is a fintech company offering dedicated IBAN accounts with more than 40 000 private and 2 000 business clients. Despite the novelty in the market of innovations, Mistertango’s services are very secure as company adheres to the same stringent requirements for service security as traditional banks.

Based in Vilnius with a team just under 50 people and revenues between 1-3M annually, there’s plenty there to do for personal growth. They are also one of the most actively recruiting companies on MeetFrank.

startups in lithuania

 

Interactio

Interactio is the leading mobile system that fully replaces translation equipment for live events. Forget about hardware. Get Interactio app for simultaneous interpretation, overflow audiences, poster sessions, silent conferences & more. You simply need a laptop and a smartphone (or a tablet).

Based in Vilnius, they work with companies from 38 countries and have provided solutions for the greatness of TedX for example.

 

Structus

STRUCTUS provides building design services to companies and public authorities in various sectors. Their mission is to perform structural design work responsibly and professionally whilst implementing unique design solutions.

 

Vinted

Vinted is the world’s largest second-hand style marketplace, used by more than 25 million people. Their mission is to make second-hand the first choice worldwide. 1 simple idea now unites a community of tens of tens of millions.

They operate in 9 markets: USA, France, Germany, UK, Poland, Czech Republic, Lithuania, Spain and the Netherlands and have set base in Vilnius, Berlin, Warsaw and Prague. Join the team if you too are passionate about cutting down consumption in the fashion industry.

great startups in lithuania - vinted

 

 

Mio Technologies

Mio Technologies is a fast-growing tech company. They develop autonomous robots for marketing and product distribution. Mio is a perfect helper at all kinds of events: conferences, expos, concerts and festivals.

They’ve been running since 2016 and have offices in Vilnius, London and Berlin. If robots is something that sparks joy for you, check then out on MeetFrank.

 

Oxipit

Oxipt’s mission is to improve radiologist productivity and accuracy by applying AI to medical imaging. Building on the core expertise of the cofounders as data science professionals, they use deep learning to identify pathologies and generate reports as if written by a radiologist.

With offices located in Saulėtekio avenue, Vilnius, Lithuania. Surrounded by forested areas and university campuses, you’ll find a knowledge-hungry, but also laid-back atmosphere not only inside the office, but outside as well.

 

Ailana

Ailana uses high tech methods to produce, standardize, stabilize and provide new enzymes for the Food industry. Their main objective is developing classic enzymes production and offering non-GMO products to our valuable customers. 

If you want to make an impact on what the world eats, they may be the one. 

 

Monetha

At Monetha, they are believers in technology and its potential to improve millions of lives around the globe. With the help of blockchain technology, they’re building a reputation platform that will make the Internet a safer place for everyone.

Monetha is one of the success stories of the blockchain boom. They have offices in Vilnius and Zug. They raised 37M in 2017 and have built up a team just under 50 people to execute their vision.

monetha

 

TOKIA

TOKIA is a crypto platform where you can store, buy and sell cryptocurrencies. They offer a large amount of different payment options and a debit card to spend your crypto fast and hassle-free in the real world.

Yup, that’s right. The crypto hype isn’t going anywhere. So if you are a believer in cryptocurrencies, check them out on MeetFrank.

 

Oberlo

Oberlo lets you find products, add them to your Shopify store, and ship them directly to your customers. No inventory, no risk. Dropshipping is a huge industry and Oberlo just makes it easier.

Oberlo started as a small team in Vilnius almost 5 years ago and has grown to employing over 100 people. They have over 125k merchants and hundreds of millions of products have been sold.

 

Uber

This one does not need that much introduction, I’m sure. Uber opened its technical office in Vilnius in 2015, before even launching Uber as a service in the country. Uber is taking care of 50% of their core infrastructure by providing IT development services at their Vilnius office.

Want to make your mark at a giant like Uber? Check them out on MeetFrank!

startups in lithuania - uber

 

Novum Commercium

Novocum Commercium sells and creates beautiful wooden cases for laptops under the brand WoodWe. Specifically focusing on Apple users. Love modern tech and woodwork? Then you’ve for sure got something in common with them.

They are still a small team based in Vilnius, making nearly 500 000€ per year.

 

Trustpilot

Trustpilot’s purpose is to make the Internet economy more trusted and transparent by helping consumers make better purchasing choices and businesses showcase and improve their service.

Established in 2017, Trustpilot’s Vilnius office has teams from two of the company’s departments: Technology and Compliance.

 

June by Danske Bank

June is an online investment platform which makes it easier to invest your savings. Their ambition is that investment should be for everyone. They have offices in Copenhagen and Vilnius and have grown their team to over 50 people since 2018.

 

Worapay

WoraPay, is the payments without the queues platform founded in 2012 and specialising in helping retailers to increase sales and profit by allowing their customers to avoid the need to queue to pay.

They are an SME with a team just under 50 people. Established in 2012, they are based in London and Vilnius.

 

Anything here take your fancy? Check out if you are a match on MeetFrank.

Want to be part of this list? Set up your company profile and let us know 🙂

Jobs in Lithuania – What are employers looking for in 2019?

Jobs in Lithuania – What are employers looking for in 2019?

Jobs in Lithuania, what is the current market like? What are employers seeking? And probably most importantly, how much are they willing to pay? 

Let us first have a quick look at what this wonderful country is about.

Did you know that Lithuanian is one of the oldest languages in the world today? Spoken by 3 million people globally, Lithuanian is one of the oldest Indo-European languages, that has retained archaic features otherwise found only in ancient languages such as Sanskrit.

jobs in lithuania

Lithuanians love basketball

Lithuania was the last country in Europe to be converted to Christianity and they have the oldest tree in Europe – dated to before the crusades. Furthermore, Lithuania was the first Soviet Republic to declare independence from USSR.

Easter eggs in Lithuania are not brought by the Easter bunny but Granny Velyku Bobute.

Lithuania is the largest economy among the Baltic states with a GDP growth of 3.4% in 2018.

As one of the leading talent acquisition platforms in the Baltic’s, MeetFrank is uniquely placed to share some insights on the job market in this part of the world. 

So, here’s some interesting findings about jobs in Lithuania.

 

Top 5 talent employers seek in Lithuania

Jobs in Lithuania

The highest demand on MeetFrank in Lithuania is for software engineers with currently the highest average salary offers.This is a common trend all over the world, but specifically in Lithuania as they are strongly establishing themselves as a hub for FinTech

salaries in lithuania

The highest salaries also correlate according to the demand. Following software engineers are marketing specialists, sales & business developers, customer support and product managers. Most employers seek for senior and mid-level roles in all these fields apart from customer service.

Highest ever offer in Lithuania in 2019 however was 9000€ for a business development role.

 

Economy overview

 

Lithuania was the first country to declare independence from Soviet Union in 1990. Lithuania rapidly moved to a market economy leaving the shackles of the soviet ways behind. They’ve implemented numerous liberal reforms and have enjoyed high growth rates after joining the European Union along with the other Baltic states, leading to the notion of a Baltic Tiger

 

Lithuania’s economy (GDP) grew more than 500 percent since regaining independence in 1990.

 

Following solid growth of 3.5% in 2018, Lithuania’s economy maintained its strong momentum in the first quarter of 2019, with real GDP growing 1.0% quarter-on-quarter and outperforming expectations.  The future sure seems bright!

vilnius

Lithuania has set a rather ambitious goal to become an innovation hub by 2020. To reach this, it is putting its efforts into attracting FDI to added-value sectors, especially IT services, software development, consulting, finance, and logistics. Well-known international companies such as Microsoft, IBM, Barclays, Siemens, SEB, Telia, and many more have already established a presence in Lithuania.

 

Currently the unemployment rate in Lithuania stands at 5.6%. During the previous economic bubble unemployment in Lithuania fell to 2.7% in 2007, this however as the world rather quickly saw was unsustainable. 

 

Projected highest demand for jobs in Lithuania

 

ICT professionals belong to high shortage occupations for Lithuania.

 

According to Eurostat there are 18600 qualified and employed ICT professionals in Lithuania. Research and Higher Education Monitoring and Analysis Centre, quoted this number at 31500 in 2018. According to Statistics Lithuania 2016, there are 14500 developers.

 

Currently there are shortages in many jobs in Lithuania. Here are some of the most in demand professions:

 

ICT professionals are in high demand in Lithuania as there has been a significant increase of foreign investment into ICT, financial services and FinTech. Many big brands have set base in Lithuania due to the favourable regulations and low tax.

fintech

Some of the more aspiring Lithuanian fintech startups are Monetha, Wiopay, Profitus, Bankera, Cardinity. Many larger fintech and finance companies have also set base in Lithuania such as Revolut, Barclays

 

The demand is specifically for specialists, and although there is a higher number of students in the relevant courses it will take several years before they enter the job market. So if you are skilled in this area and looking for jobs in Lithuania, employers will be fighting over you.

 

On top of the IT sector employers in Lithuania are also looking for engineers, management execs, legal and social professionals. And as in many other countries, there is a shortage of talent in healthcare.

 

Startup ecosystem in Lithuania

 

Lithuania has done a lot to grow their startup scene in the last few years. Favourable government reforms and a competitive tax system is luring in companies and investors from all over. And Lithuania is pretty attractive indeed. Furthermore many companies has totally or semi-remote working structures.

 

Lithuania has been ranked:

 

  • 7th least expensive cities in the EU  (Mercer Cost of Living Index, 2018)
  • 3rd lowest corporate tax rate in EU
  • 2nd lowest income tax rate in EU (State Tax Inspectorate)

facts about lithuania

Lithuanian capital Vilnius is home to the biggest tech start-up hub Vilnius Tech Park. The government recently also approved the e-residency scheme for foreigners. This has been a huge success in Estonia. Setting up a business in just 1 day with a digital signature and startup visas for foreign talent are already in place.

It also ranks high at ease of doing business. Lithuania is a prime example of how you can boost your finance and startup sector with the help of the government in a very short amount of time. Lithuania we are rooting for you, well done!

People in Lithuania are positive and warm and the tech scene is booming. Why not take a look at what job offers are there in Lithuania?

 

What is MeetFrank Anyways?

 

MeetFrank is a recruitment app. Built for you, the talent first. We match you with the companies that are looking for someone with your skillset, rather than becoming just a CV in a pile of thousands.

Check what companies are out there, learn more about them and find out how much they are willing to pay you. Whether you’re looking for remote work in Estonia, relocation or a steady 9-5 in the office, have a look what’s out there!

From the other side, for our awesome recruiters – find talent that meets your exact needs and salary expectations rather than spending time on candidates who are not right for you. Jobseekers can send direct job requests through the app without there even being a job offer listed. Find the talent you didn’t even know you were looking for!

We want everyone to love their job. And this is why we do this.