Vinted, an online clothing retailer, brought in 128 million euros in 2019. With this, the value of the company exceeded one billion euros, making it the first unicorn in Lithuania. Vinted’s success story is proof that the abundance of specialists, state support measures and favorable conditions for starting a business have made Lithuania a breeding ground for viable and fast-growing global ambitions.
With a fast-growing start-up sector, the Lithuanian capital Vilnius is leaving one of the biggest footprints on the European start-up landscape. The future is promising for Lithuania as well as for ten start-up companies operating there with an innovative approach, mediates EU Startups.
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