Led · Equity · Aug 2023

Cargo Stream provides a cloud-based platform that allows all supply-chain participants to manage logistics processes in a single online workspace. The system streamlines logistics by offering control-tower visibility, cost optimization, and tools to improve operational efficiency for freight forwarders and shippers. Founded in 2019 and based in Vilnius, Lithuania, the company focuses on improving coordination across supply-chain stakeholders. In August 2023 Cargo Stream raised €1M in funding in a round led by LitCapital. The company intends to use the funds to accelerate international expansion.

Led · Equity · Jul 2022

Elinta Charge, a spinoff from Elinta Group founded in 2018, develops and assembles EV charging stations for residential and commercial use and offers cloud-based intelligent software for fleet managers and operators of public spaces, offices and hospitality. Its products combine refined design, high-end engineering and smart functionalities, and the company reports installations in more than 30 countries across four continents. The startup recently secured fresh funding to accelerate growth and product development. Proceeds will be used to explore production opportunities in Poland, build new products and services, develop next-generation software, and recruit engineers and programmers. Leadership frames the market as rapidly expanding under supportive regulation and growing demand from individuals, businesses and cities. The company positions itself to serve demanding corporate clients and municipal customers while preserving urban aesthetics and functionality.

Participated · Seed · Oct 2021

Ondato provides a multi-functional compliance management suite offered as a single SaaS platform, covering identity verification, data monitoring, screening, due diligence, risk scoring, and case management. The company is led by co-founder and CEO Liudas Kanapienis and was founded in 2016, operating from London and Vilnius. Ondato serves over 200 clients across more than 30 countries in fintech, banking, insurance, telecommunications, and related sectors. It closed a €3.6M seed extension that brings its total seed funding to €5.6M. The company intends to use the funds for product development and customer acquisition in Europe and the US ahead of a planned Series A in early 2022, and to expand the team to support new market expansion, product development, and operations. As part of the extension, LitCapital’s Šarūnas Šiugžda is joining Ondato’s board. Ondato provides remote customer identification and KYC services, combining security and compliance into a single platform. The company developed its technology at an R&D centre in Vilnius and has relocated its headquarters to London’s Canary Wharf. Founded in 2016, Ondato says it serves over 150 clients across 24 countries, from gig-economy startups to major corporate banks. Its annualised revenue has tripled since the start of 2020. After raising $2 million in seed funding, the startup plans to expand into Germany, France and Spain in the next year. Investors in the round—Startup Wise Guys and OTB Ventures—focus on Central and Eastern Europe. Ondato develops remote know-your-customer (KYC) and compliance technology that identifies private individuals and legal entities, reviews data registers, and fully authenticates clients to high security standards. The company has built a client authentication compliance management platform that maps to more than 15 regulatory requirements, manages client information, performs periodic checks, and generates required reports. Ondato serves traditional financial institutions and fintechs, and its services are used by large banks including Luminor, SEB and Swedbank, as well as insurance companies, attorney firms and state institutions. During the COVID-19 pandemic the startup adapted its technology to help nonbank sectors continue providing services remotely. Founded in 2016 and recognised in 2019 as fintech company of the year at the German-Lithuanian Business Awards (and a Top 10 Scale Up in Eastern Europe), Ondato is prioritising anti-money laundering (AML) capabilities and further development of its compliance platform. The company says recent funding will support technological development and geographic expansion into Poland and Germany.

Participated · Series A · Sep 2021

Whatagraph develops an automated tool for monitoring and reporting online marketing performance. The service collects data from social media, e-commerce, and ad-rating platforms and enables marketers with little to no technical knowledge to monitor up to 50 sources and generate automated reports. The product aims to give marketing professionals clear answers on campaign performance without requiring technical expertise. Whatagraph raised $7.2 million in a Series A to accelerate product development and plans to nearly double headcount to just under 200. The company also intends to scale operations in the US and EU. Whatagraph is a SaaS marketing analytics and reporting platform that automatically collects and visualizes data from channels such as Google Analytics, Google Ads, and Facebook Ads to produce shareable client and team reports. Founded in 2015 in Lithuania and scaled out of Amsterdam, the company serves more than 500 international clients including Fila, Colgate, Ogilvy, and Dentsu Aegis. In 2019 it achieved 3.5x revenue growth and doubled headcount, and the team says stability now allows focus on expansion. The product roadmap emphasizes dynamic reporting, data modeling and forecasting, and easier sharing between teams to close the gap between data, insights, and action. With the new funding Whatagraph plans to accelerate product development, penetrate new markets, double its user base, and pursue a Series A. Whatagraph automatically creates presentation-ready infographic reports that visualize Google Analytics and social media data. The platform removes the manual effort of creating analytics reports by producing visual, presentation-ready outputs. The company was founded in 2015 by siblings from Lithuania and is headquartered in Amsterdam after joining the Rockstart accelerator. Clients include well-known brands worldwide such as Heineken, The New York Times, Ogilvy and Berkshire Hathaway. Whatagraph reports average year-over-year growth of up to 250%. The recent €600k investment is intended to prepare the company for a Series A and to fund expansion, including plans to double headcount and grow development and sales/marketing hubs in Klaipeda, Vilnius and Amsterdam, with an expected 300% revenue increase.