Community Pulse | Q3'24

Q3 wrapped up with big projects, key milestones, and some hard truths—check out the Community Pulse recap.

🎒 Portfolio highlight

• Nord Security ,  Oxylabs.io ,  Surfshark  and  Hostinger  were recognized as top employers in Lithuania.
• Martynas Gudonavičius, the co-founder of  Trafi , joined  Flanco .
• Acquired BC London Lions Basketball Club while BC Zalgiris Kaunas agreed to share their invaluable experience.

• Had our 1st ever exit with  CloudFest as a move from our tech accelerator’s playbook.

• Tripled our investment in  Mishkay Biotech  to help expand their research lab and enhance B2B product lines.

• 15min Group has launched a €15 million bond issue, and we’re investing to power it up.

🪩 Community

• Hard Truths of Investing from Egle Eidimtaite at the Startup Fair: check out what we’ve learned over the years.

• Our internal mentorship program TesoXchange is in full motion with 59 new mentors &  Hostinger joining the crew for the first time ever.
• Nord Security making Fortune Media headlines: How Nord spent ‘hundreds of millions’ getting customers to use controversial VPNs, and became Lithuania’s tech darling.

🏟️ Getting busy at Cyber City and beyond

The first ever AI-only. Hackathon took place. Check out the TOP 3 teams:

• 1st place: Nida AGI House Domas Bitvinskas, Vaida Bitvinskė, Linas Lekavičius → AI-guided instant demos that capture missed opportunities and convert visitors into leads.

• 2nd place & People’s Choice Award:  WhiteBridge.ai Paulius Taraškevičius, Irmantas Motiejūnas, Jaunius Kadunas, Lukas S → Digital identity and social profile verification by cross-referencing user photos with publicly available images.

• 3rd place: Alianse.ai Eimutis Mikaila, Vytautas Jokubas Mikaila, Daniel Ehrens → A daily guided voice journal with clinical reporting features for standardized, effective communication with your epileptologist.

• August was filled with facts about our products—Open Product Days were followed with mini guided tours by brand ambassadors.

• The most colorful Kids Day at CYBER CITY yet: inflatable trampolines, ice cream, and a watermelon rolling race.

👟 On the go

…A lot went down last quarter and we can’t wait to see what’s next. So, bring on, Q4.