StartupHighway – Lithuania based startup accelerator – having successfully launched and developed two classes, this summer takes a giant step forward: continues accelerating its 3rd class and fulfilling its aspirations for being the best in CEE region. StartupHighway has grown since September 2011 when the first intake containing companies from all three Baltic nations was announced. Looking at the big picture accelerator was up scaling with every batch: now it takes only 7.5%, down from ten percent, of equity from startups that join the program for the same up to €14,000 investment. Also StartupHighway has announced a partnership with Practica Capital, a newly established but very active Vilnius based VC. All StartupHighway participants of 2013 spring program will have a further €30 000 convertible note available from Practica Capital.
Over two previous classes it has graduated ten startups, notably Sellfy – the one-click e-commerce platform for self-publishers – which has scored an angel investment from two Skype alumni in 2012 summer and tripled its customers since June last year. Relead – web-analytics and leads generator for customers in US and Canada – secured investment from UK angel investor James Welsh in the end of 2012. Llamas’ Valley – an interactive iPad magazine – has received Lithuanian angel investment in the beginning of 2012. More of its startups have existing investor relationships that should be announced soon.