Lithuanian startup Walk15 raises €400k to develop its walking platform
29 November, 2022, 15:42
Lithuania-based fitness startup Walk15 has raised another €400,000 funding after the January round and gaining recognition abroad. Business Angels Fund II and several existing investors supported the round to develop the platform for creating step challenges for companies.
- The company was co-founded in July 2019 by Edgaras Žukauskas, Vlada Musvydaitė-Vilčiauskė, Oleg Zheleznyi, and Vytautas Višinski. Walk15 is on the mission is to encourage people to take care of their health.
- In addition to a common step counter, Walk15 app offers the opportunity to exchange the steps for discounts on healthy and sustainable choices. The list ranges from discounts on train tickets or car-sharing services to discounts on healthy products at the supermarket.
- At this stage, existing shareholders and other well-known business angels in Lithuania and Europe, including Rita Sakus and Gediminas Tamošaitis, as well as Business Angels Fund II operating in Lithuania, invested in Walk15.
“Our fund, together with private investors, invests in rapidly growing startups in various business segments. We believe that the Walk15 team, which sets high goals for itself and thinks about added value for the user, will cope with the challenges ahead and achieve the expected results,” Daiva Rakauskaitė, Head of Business Angels Fund Management, comments.
- In January 2022, Walk15 completed an investment round at €270,000 set for foreign expansion. Now, the company unites more than 1,000 international companies and 420,000 users worldwide.
- The fresh investment will help with the development of the platform and further expansion abroad, especially in Germany and Denmark.