Where is Tesonet's headquarters located?

Tesonet's headquarters is located in Vilnius (Lithuania).

How many companies has Tesonet invested in?

Tesonet has invested in 10 companies, including Cast AI & Bank of Siauliai.

Which companies has Tesonet invested in lately?

BirdyChat & Finbee.com are the latest investments by Tesonet.

How many exits has Tesonet been involved in?

Tesonet's portfolio has seen 1 IPO.

How many unicorns are there in Tesonet's portfolio?

There is 1 unicorn in Tesonet's portfolio.

Tesonet - 2026 Investor Profile, Portfolio & Investment Trends

Tesonet, an accelerator and incubator program founded in 2008, is based in Vilnius, Lithuania. With a presence in 3 countries, it has supported around 10 startups in sectors like High Tech, Retail. As of Oct 2026, Tesonet has 1 unicorn under its belt and has witnessed 1 portfolio exit. Most notable companies in its portfolio include Cast AI, Bank of Siauliai and Finbee.com. The program primarily supports Seed startups based in Lithuania. Its latest investment was a $1.99M Seed round in BirdyChat on May 05, 2026, which also saw participation from Dig Ventures and Change Ventures.

Key Metrics

Founded Year

2008

Location

Vilnius, Lithuania

Portfolio Companies

Cast AI, Bank of Siauliai & 8 more

Sectors of Investment

High Tech, Retail & 11 more

Stages of Investment

Seed & Series C

Locations of Investment

Lithuania, United Kingdom & 1 more

Unicorn in Portfolio

Cast AI

View Tesonet's full profile

Tesonet has a portfolio of 10 companies, one of which is a Unicorn. Their most notable investments are in Pjaunu Gryba and Yours.Their portfolio spans across Lithuania, United Kingdom and United States. They have invested in High Tech, Retail, Enterprise Applications and 10 other sectors, across stages such as Seed, Series C stages. Here is the list of top investments by Tesonet:

1. Cast AI

Provider of a platform for Kubernetes automation and cost optimisation. The platform offers application performance automation, infrastructure optimisation, and workload rightsizing. It provides real-time visibility into resource utilisation and application performance. The platform also includes self-healing operations and automates spot instance management across cloud environments.

Key facts about Cast AI

Founded Year: 2019
Location: Miami (United States)
Valuation: $*****
Stage: Series C
Total Funding till date: $196M
Employee Count: 357 as on Sep 30, 2026
Investors: Vintage Investment Partners, SoftBank Vision Fund and 15 Others
Latest Funding Round: Series C, Jan 02, 2026, $*****
Highlight: Editors' Pick

2. Bank of Siauliai

Key facts about Bank of Siauliai

Founded Year: 1992
Location: Siauliai (Lithuania)
Stage: Public
Employee Count: 702 as on Mar 31, 2026
Investors: EBRD, Invalda INVL and 1 Other
Latest Funding Round: Conventional Debt, 2006, $*****
Highlight: Public

3. Finbee.com

FinBee is a peer-to-peer (P2P) lending and investment platform that connects those who want to borrow with those who are looking for diverse investment opportunities. Individuals who want to borrow money submit an application where they indicate desirable amount of money and credit term. FinBee team verifies credit rating of every individual applying for a loan. The interest rates are set by lenders who compete for lowest rate on the reverse auction model. Finbee itself invests 10% into each loan. After the application is fully funded, borrowers repay the loan on an annuity monthly basis. Lenders can withdraw the money or to reinvest in new applications.It provides a rating of A*, A, B, C, D to the loans on which lenders can bid with the minimum amount of EUR300 and the maximum amount being EUR,10,000.

Key facts about Finbee.com

Founded Year: 2015
Location: Vilnius (Lithuania)
Stage: Series C
Total Funding till date: $43.9M
Investors: Pollen Street Group, Tesonet and 2 Others
Latest Funding Round: Series C, Mar 10, 2026, $*****
Highlight: Editors' Pick

4. PIXEVIA

Developer of an AI platform for autonomous retail store operations. The platform integrates artificial intelligence to enhance customer experience and streamline operations. It supports autonomous, twenty-four seven store operation with theft prevention. The platform provides real-time stock information, out-of-stock alerts, customer analytics data, and demand forecasting. The technology includes cameras, sensors, and servers.

Key facts about PIXEVIA

Founded Year: 2013
Location: Vilnius (Lithuania)
Stage: Seed
Total Funding till date: $3.29M
Employee Count: 4 as on Sep 30, 2026
Investors: MassChallenge, Commerce Ventures and 10 Others
Latest Funding Round: Seed, Jan 02, 2025, $*****
Highlight: Editors' Pick

5. Turing College

Online platform providing data science-related learning courses. It provides income-shared agreement-based learning courses and job assistance solutions for students. It also provides full-time and part-time data science learning certification programs.

Key facts about Turing College

Founded Year: 2020
Location: Vilnius (Lithuania)
Stage: Seed
Total Funding till date: $2.58M
Employee Count: 50 - 199 as on Mar 01, 2026
Investors: Y Combinator, Spring Capital and 11 Others
Latest Funding Round: Grant (prize money), Nov 06, 2024, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

Tesonet has invested in 12 companies over the last 6 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 1 investment, while as of May 2026, it has made 2 investments in this year. Its most recent first time investment was in BirdyChat.

Here are Tesonet's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	2	0	2
2025	1	0	1
2024	0	0	0
2023	2	0	2
2022	0	0	0
2021	1	0	1
2020	2	0	2

View all investments by Tesonet

Tesonet has made 7 investments in Seed stage with an average round size of $1.75M and 1 investment in Series C stage with an average round size of $5.78M.

Here are Tesonet's investments by stage:

Stage of entry	No. of Investments
Seed	7
Series C	1

Note: We have considered here, only first round of investments

View all investments by Tesonet

Tesonet has a diverse portfolio, with companies operating in the Consumer, FinTech, Life Sciences, Aerospace, Maritime and Defense Tech and Artificial Intelligence - Industry Applications. Notably, it has invested in 7 Tech companies, 5 Consumer (B2C) companies, 5 Software companies and at least 3 companies focusing on Enterprise (B2B).

Here are Tesonet's investments by sector:

Sector	No. of Investments
Consumer	2
FinTech	2
Life Sciences	2
Aerospace, Maritime and Defense Tech	1
Artificial Intelligence - Industry Applications	1
Others	8

Note: We have considered here, only first round of investments

View all investments by Tesonet

Tesonet has made most investments in Lithuania (6), followed by United Kingdom where it has made 1 investment.

Here are Tesonet's investments by geography:

Country	No. of Investments
Lithuania	6
United Kingdom	1

Note: We have considered here, only first round of investments

View all investments by Tesonet

Tesonet has made 2 investments in 2026 so far - BirdyChat and Finbee.com.

Here are the most recent investments by Tesonet:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
May 05, 2026	BirdyChat	-	Seed	5219	Dig Ventures [+6]
Mar 10, 2026	Finbee.com	Lithuania	Series C	1053	UAB ZSC Techteam [+1]
Jun 03, 2025	FPRO	Lithuania	Seed	5420	-
Jul 13, 2023	Pjaunu Gryba	Lithuania	Seed	1104	-
Jan 09, 2023	Biotecus	Lithuania	Seed	9728	-

See more recent investments made by Tesonet

Tesonet has 1 unicorn in its portfolio - Cast AI. The most recent unicorn in their portfolio is Cast AI which became a unicorn in 2026.

Here is a list of unicorns in Tesonet's portfolio:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
67	Cast AI	Provider of a platform for Kubernetes automation and cost optimisation	2019	Enterprise Infrastructure [+2]	Miami	Series C	auwtkeh

View more details about unicorns in Tesonet's portfolio

1 of Tesonet's portfolio company became public - Bank of Siauliai. It got listed on the Nordic and Baltic regions (NASDAQ OMX), in Nov 1994.

Here are Tesonet's portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Bank of Siauliai	Nov 29, 1994	-	-	8751

View more details about public companies in Tesonet's portfolio

Over the past 6 years, 31 investors have co-invested in Tesonet's portfolio companies. This includes funds and angels.

Invested before Tesonet: Pollen Street Group and MassChallenge have invested in rounds before Tesonet. There is 1 company where Pollen Street Group has invested before Tesonet and 1 company where MassChallenge has invested before Tesonet.
Top Co-investors of Tesonet: 20 investors entered a company along with Tesonet. These include investors like UAB ZSC Techteam (1 company).
Invested after Tesonet: A total of 9 investors have invested in Tesonet's portfolio after their investments. Top Investors include CoInvest Capital (1 company) and Commerce Ventures (1 company).