Lithuanian Evergrowth secures $2.2M in one of the largest pre-Seed round in the Baltics

Evergrowth, a Vilnius-based AI-powered B2B sales platform, has secured a $2.2 million funding round, marking one of the largest pre-seed investments in the Baltic region. The round was led by Impellent Ventures and Practica Capital, Founders Today reports.

• The company was founded in 2014 by JB Daguené, Mantas Urnieza, Tadas Cekavicius, Aivaras Rastenis, and Algimantas Padegimas. Since the launch, Evergrowth reinvented itself from a consulting business into the leading account-based sales platform, merging its B2B sales consultancy expertise with advanced AI technology.

• The transition enables the company to provide sales teams with deeper, actionable insights into accounts and prospects, facilitating targeted and personalized engagements. The platform is leveraging AI-driven Account-Based Selling (ABS) platform and AI-assisted workflows to do granular research on each account and contact.
• The funding round was led by Impellent Ventures, a US-based VC fund provides startups in investment for pre-seed, seed, and series A, and Practica Capital, a Lithuanian early-stage VC dedicated to backing Baltic founders. The firm recently closed its third fund financing at €80 million.

• The funding will support Evergrowth’s transition from a consultancy to developing a scalable SaaS solution, with plans to expand its global presence by establishing its first US office in New York City. The company is also growing its platform sales and engineering teams to meet increasing demand.