International sustainable initiative startup Walk15, primarily based in Vilnius, right this moment introduced the opening of its Collection A funding spherical, persevering with its fast progress and reaching a valuation of €30 million – double the corporate’s market valuation from final 12 months.
Preliminary investments have already are available in from its current shareholders, together with the VC fund Coinvest Capital, led by Viktorija Trimbel, the Angel syndicate NGL, led by Justinas Pašys, amongst different traders.
“Our aim is to construct a robust group and replicate the success formulation we’ve carried out in different nations. I’m grateful that my household is with me on this journey and that ‘Walk15’ has a robust and dependable group in Lithuania that I belief utterly. I’m deeply grateful to our traders for enabling us to proceed rising and transferring ahead,” stated Founder and CEO, Vlada Musvydaitė-Vilčiauskė.
Based in 2019, Walk15 is quickly approaching 1 million app customers globally, with its most lively markets being the Baltic and Scandinavian nations, Germany, Romania, the UK, and the U.S.
At the moment, the Walk15 group is concentrated on introducing new functionalities for customers and monetising the B2C phase. Nonetheless, they keep that their core precept stay unchanged – the cell app will proceed to be free and accessible to everybody.
A 12 months in the past, Walk15 established an workplace in Berlin, the place its Founder and CEO, Musvydaitė-Vilčiauskė, now spends “almost half of her time“.
NGL chief Justinas Pašys highlights Germany’s potential for the additional enlargement of Walk15: “We’re reinvesting in Walk15 as a result of we imagine within the group and the corporate’s long-term potential within the wellness and sustainability sectors. The corporate has achieved sturdy worldwide enlargement outcomes and efficiently laid the groundwork for progress within the German market with strategic companions. This funding will additional strengthen ‘Walk15’s’ place in Germany, open new markets within the CEE area, improve the product, and start testing the U.S. market.”
Trimbel added: “The success of startups lies completely within the fingers of their groups – how shortly and effectively they will develop a product, evolve, handle enterprise operations, and mitigate dangers in a world of fixed change. If our first funding was pushed by three elements – sustainability, world attain, and feminine empowerment – this time, I’m including a fourth: reliability. Beneath the management of Vlada Musvydaitė-Vilčiauskė, ‘Walk15’ is steadily following its technique to make sustainability and wellness an on a regular basis behavior for folks worldwide. We’re proud to be a part of this journey towards change and success with our fellow traders.”
In keeping with Walk15 Musvydaitė-Vilčiauskė, one of many best validations of the product is when app customers and shoppers resolve to spend money on it.
“First, we examined Walk15 options ourselves – we’re common customers – and we see actual impression. It’s rather more than an app; it’s an initiative that unites colleagues right into a group, encourages sustainability and wellness actions, and fosters a shared aim. Seeing how deeply our group engaged and the optimistic impression on our organisation’s ambiance, we determined to speculate,” stated Paulius Gedminas, Head of the PVVG Holding household fund. “Furthermore, Walk15 has a transparent technique for increasing in each the enterprise and public sectors, demonstrating spectacular progress metrics and gaining worldwide recognition. Investing in Walk15 is a pure step if you see a product that not solely creates worth but in addition has a strong enterprise mannequin and a robust imaginative and prescient for enlargement.”
The Lithuanian startup collaborates with distinguished worldwide companions, together with EuroLeague, the REWE Group, Ergo, Gitex Europe, the GreenTech Competition, and the European Affiliation for Individuals Administration (EAPM).
Through the UEFA EURO 2024 in Berlin, Walk15 engaged soccer followers from all over the world in mobility and sustainability initiatives.
In keeping with Walk15 Co-founder Vytautas Višinskis, the primary aim of the corporate’s Collection A spherical is to lift as much as €5 million and safe participation from a global fund specialising in sustainability and public well being.
“Walk15 gives an answer that helps corporations have interaction their audience—whether or not shoppers or workers—in step or biking challenges. We see great potential not solely within the B2B phase but in addition amongst a broader client viewers,” Višinskis stated.
