As the uncertainties of 2024 reshaped the global business landscape, Lithuanian startups emerged stronger, demonstrating adaptability, innovation, and a relentless drive toward profitability.
With over €1.55 billion in available venture capital in the Baltic region and significant achievements from local startups, 2025 promises to be a defining year for Lithuania’s burgeoning tech and innovation scene.
Gintarė Verbickaitė, head of Unicorns Lithuania, emphasizes that this year will see breakthroughs from both well-established players and new entrants, particularly those leveraging advancements in artificial intelligence (AI). Here’s a look at the Lithuanian startups poised to make waves in 2025:
1.Nexos.ai: Optimizing AI for Business
Founded by Tomas Okmanas and Eimantas Sabaliauskas, who are also the visionaries behind Tesonet and Nord Security, Nexos.ai is a new AI-focused startup aimed at helping businesses better manage and optimize AI models. Launched in late 2024, the startup has already raised $8 million from investors like Index Ventures, Creandum, and Dig Ventures. Their first product is set to launch in Q1 of 2025.
2. Ovoko: Accelerating E-commerce in Auto Parts
E-commerce platform Ovoko, specializing in car parts and logistics solutions, attracted €20 million in 2024 from Smash Capital. With 80% of sales occurring outside Lithuania, the company plans to scale further and is actively hiring across IT, data analysis, and customer support roles.
3.Cast AI: Driving Global Growth from Vilnius
In just five years, Cast AI has grown into a major player in cloud optimization, raising $55 million in 2023 and serving businesses worldwide. While operations are managed from North America, the engineering center in Vilnius continues to develop innovative AI infrastructure solutions.
4. Turing College: Redefining Global Education Tech
Named one of the world’s best data science programs by Course Report, Turing College has transformed into a global learning platform with students from 72 countries. A €2.5 million grant from the European Innovation Council will enable the integration of cutting-edge AI tools into its curriculum in 2025.
5. Walk15: A Rising Star in Wellness Tech
Valued at €15 million by the end of 2023, Walk15 continues to grow as a sustainable wellness startup. Recognized in Dealroom’s Rising Star category and Deloitte’s Technology Fast 50, it stands out for its impact on businesses, communities, and the environment.
6. Pulsetto: From Prototype to Global Sensation
Creators of a vagus nerve stimulator that promotes relaxation, Pulsetto raised $400,000 through crowdfunding within two days. Now with over 100,000 global users, the startup continues to assemble its devices in Lithuania and was recently featured in a Netflix documentary, endorsed by Cristiano Ronaldo.
7. Caszyme: Advancing Gene Editing
Specializing in gene editing technologies, Caszyme partnered with Spain’s Integra Therapeutics in 2024. Their Cas12l proteins promise safer and more effective gene therapies, potentially generating €40 million in revenue over the next decade.
8. CTO2B: Cutting Cloud Costs with AI
Aiming to reduce cloud infrastructure expenses, CTO2B secured €1 million in early 2024. Its solutions free engineering teams from managing IT infrastructure, allowing businesses to focus on their core products.
9. Gurtam: IoT Innovators Making an Impact
Known for their IoT and fleet management platforms like Wialon, Gurtam relocated to Lithuania after the 2020 Belarusian elections. In 2024 alone, the company contributed €7 million to Lithuania’s budget and aims to exceed $200,000 in average annual revenue per employee.
10. Biomatter: Pioneering Synthetic Biology
With €6.5 million in funding, Biomatter is advancing synthetic biology through its Intelligent Architecture™ platform, creating entirely new enzymes with applications in numerous industries worldwide.
Lithuanian startups are no longer just competing on a regional scale; they are setting standards globally. From pioneering AI applications to transforming education and wellness, these companies reflect the country’s innovative spirit and resilience. As 2025 unfolds, keep an eye on Lithuania—it’s rapidly becoming a hotspot for cutting-edge technology and sustainable business solutions.
