Lithuanian healthtech startup Walk15 secures another €200k in a seed round

The Vilnius-based startup Walk15 which focuses on health and sustainability has secured another €200,000 after raising €400,000 back in November. The fresh investment came from EIT Urban Mobility, and it is the first foreign capital got by Walk15.

• Walk15 develops a sustainable walking platform that offers a smart steps challenge solution for companies. Since launching the company in 2019, more than a thousand companies in Lithuania, Latvia, Denmark, Germany, and other European countries have used the solution.
• In November 2022, Walk15 raised €400,000 investment to develop its walking platform. Business Angels Fund II and several existing investors led the round. In January 2022, Walk15 completed an investment round at €270,000 set for foreign expansion. 
• The fresh round was led by one of Europe’s largest urban mobility funds in Lithuania — EIT Urban Mobility, a mobility-dedicated subsidiary of the European Institute of Innovation and Technology, and also joined by the existing investor Lithuanian 70V fund.

“Walk15’s solution addresses active mobility and, thus, supports (or even nudges) people in the introduction of positive mobility patterns into their daily activities. The startup has clear unique selling points framed in a defensible business model, both towards the public and private sector, making the company not only an advocate of a healthy lifestyle but also a self-sustainable business. Finally, one of the most important things, is a strong and competent team with sector expertise, demonstrating strong engagement and dedication to the project since our very first interaction,”

says Mateusz Kałuża, Investment Analyst at “EIT Urban Mobility Impact Fund”.

• Walk15 will spend the costs for creating step challenges and establishing in German market. In 2023, the company also plans to attract €1 million in investment.