Europe’s Quiet Tech Concentrator: Vilnius Hits €15.5bn as Startups Raise €215m in VC

Vilnius has reached a new phase of development as a European technology and business centre, according to the Lithuanian Startup Ecosystem 2025, a new report by Dealroom, the global data and intelligence platform tracking startups, venture capital, and technology ecosystems worldwide. In 2025, startups based in Vilnius raised €212 million in venture capital, a 60% year-on-year increase, while the total value of the city’s startup ecosystem reached €15.5 billion. 

Taken together, the figures cement Vilnius as one of Europe’s fastest-growing technology markets and a rare example of a single-core ecosystem, concentrating innovation, capital, and company growth in one city. 

“Vilnius is a mature technology hub,” – says Mangirdas Šapranauskas, Head of Business Department at Go Vilnius, the city’s official business and tourism development agency. “In the 2025 reporting year, the city ranked among the top three mid-sized European Cities of the Future and led its peer group in business friendliness and economic potential. GDP growth reached 5%, well above the EU average, while aggregate enterprise value increased sevenfold since 2020 to €15.5 billion, positioning Vilnius as the fourth largest and fastest-growing technology hub in the CEE region.” 

The city’s startup ecosystem thrives alongside the presence of global companies, which use Vilnius as a strategic base. Firms such as Revolut, Unity, NIUM, Eurowag, Mambu, and Visma are drawn by EU market access, competitive costs, and a robust digital and physical infrastructure. “The majority of Vilnius-based startups and unicorns continue to scale internationally from the city, while retaining their headquarters here,” – adds Šapranauskas. For many companies, Vilnius offers the ability to operate at European scale without the operational constraints found in larger, more saturated capitals. 

The ecosystem maturity is evident in talent and research. By 2026, Vilnius anticipates 19,000 new technology and natural science professionals, complementing around 35,000 current students. University research output is increasingly translating into commercial activity, particularly in artificial intelligence, data-analytics-driven solutions, and advanced technology sectors, fueling a robust startup pipeline. 

Capital flows validate the momentum, but Vilnius also stands out for retaining companies as startups scale globally. Only around 5% of Vilnius-founded startups relocate their offices to global hubs such as Berlin, London, New York, or Miami, compared to a 26% average across the CEE region, underscoring the city’s ability to support global growth without HQ relocation.  

Vilnius ranks third in the CEE region for venture capital raised since 2020, captured 25% of Baltic FDI in 2025, and is backed by over 350 international investors from the US, UK, and beyond. Leading sectors by investment include enterprise software (€156.3m), HealthTech (€32.1m), and FinTech (€16m), while a growing number of AI startups reflects the city's ability to adapt to global technological trends. Nationally, Lithuania’s tech ecosystem reached €16.2 billion, a sixfold rise since 2020.  

The Lithuanian Startup Ecosystem 2025 report, produced by Dealroom in collaboration with Invest Lithuania,  Innovation Agency, Go Vilnius, and other partners, covers both Lithuania-founded startups and Lithuanian-led ventures abroad. Dealroom provides a reliable view of corporate growth, investment flows, and ecosystem trends, trusted by investors, business associations, and institutions worldwide.  

Vilnius’s achievements in 2025 lay a firm foundation for ambitious 2026 goals, reinforcing the city’s position as a dynamic, investor-friendly hub and a centre of technological leadership in Europe.