Evergrowth, a Lithuanian startup specializing in AI-driven B2B sales, has secured €2 million in one of the Baltics’ largest pre-seed investments, led by Impellent Ventures and Practica Capital. This funding highlights the region’s emerging SaaS sector and the demand for AI-enhanced sales strategies.
Evergrowth’s platform uses AI to offer personalized sales insights and strategies, aiming to streamline the sales process and improve engagement with potential high-value clients. With the introduction of its platform, Evergrowth has quickly aimed for €500K in Annual Recurring Revenue (ARR) by eliminating inefficient, manual research in sales prospecting.
Transitioning from consultancy to a SaaS model in November 2023, Evergrowth is pioneering a customizable, AI-powered workflow for sales teams, focusing on efficiency and meaningful customer interactions. The company, with offices in Vilnius and New York City, plans to use its funding to grow its platform, expand its team, and enter new markets in the US and Europe.
Tomas Andriuškevičius, Partner at Practica Capital, voiced strong belief in Evergrowth’s future prospects:
“The assembled team is full of rock stars with a proven track record of building successful startups and understanding the mindset of B2B sales optimization. While many solutions can offer generic sales strategies, Evergrowth provides specialised, data-backed frameworks to enable sales and revenue teams, and their unique approach to adapting LLM into their platform has shown us a revolutionary way to achieve sustainable, long-term business growth. We feel confident that Evergrowth will pave the way forward regarding AI-driven sales strategies and will only add to the high-calibre class of early-stage startups currently emerging from Lithuania.”
Evergrowth’s success and the substantial funding round reflect the burgeoning tech ecosystem in the Baltics, underscoring the region’s reputation as a hub for innovative tech startups.
Featured image: Evergrowth team. Credit: Evergrowth
