Lithuanian wellness tech startup Walk15 secures €1M from Coinvest and NGL

Vilnius-based wellness tech startup Walk15 has secured a €1 million round. It is the second investment in three months. The investment came from the venture capital fund Coinvest Capital, and the NGL syndicate out of 32 angel investors led by Justinas Pašys.

  • Walk15 was founded in 2019 by Vlada Musvydaitė-Vilciauske. Walk15 develops a sustainable walking platform and the #walk15 app that offers smart steps challenges and rewards solutions for companies. Currently, the app unites over 640,000 users, and more than 1,300 businesses and organizations.
  • The startup’s partners and clients include Euroleague, ERGO, PENNY, Vinted, Nord Security, and others. Walk15 claims that over 10,000 step challenges have been created over the past four years.
At the end of 2023, Walk15 reached a €15 million valuation, having attracted a €500,000 investment – among the investors was Mantas Mikuckas, co-founder of the Lithuanian unicorn Vinted.

We are growing very fast – this is evidenced by our client geography, the attention of international investors, and our portfolio of competencies. Today, we can be proud not only of a fully formed international team of experienced professionals but also of collaboration with scientists. On a global scale, we address the problem of decreasing physical activity in society and the resulting personal health and healthcare system issues at the national level,

Vlada Musvydaite, founder and CEO of Walk15, comments.
  • Coinvest Capital, a Lithuanian VC fund investing in companies with business angels, invested in the company together with the NGL syndicate out of 32 angels led by Justinas Pašys, who is also CEO of PVcase.

Walk15 will allocate this investment for expansion into the German market. Already in February the company plans to open the doors of a new office in Berlin.