Launchpad Capital to invest $35 million in Lithuanian fintechs
The firm plans to make five early-stage investments in 2021 ranging in size from $100,000 to $2 million and has appointed former Invest Lithuania fintech advisor Dominykas Stankevičius as its lead investment associate in the Baltic region, based in Vilnius.
Currently, only 15% of Lithuanian-based fintech startups consider the US market as a viable target according to Invest Lithuania’s Fintech Landscape in Lithuania 2020-2021 report, despite the US’s large addressable market.
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