Evergrowth Secures $2 Million in Pre-Seed Round

by Kay Aloha Villamor in February 23rd, 2024

Evergrowth, a Vilnius, Lithuania-based AI-powered B2B account-based sales platform, has secured $2.2 million in pre-seed funding, marking one of the largest rounds in Baltic history.   

SaaS Investors  

The funding round was led by Impellent Ventures and Practica Capital.  

Founded in 2018, Impellent Ventures is a venture capital and venture builder firm that focuses on investments in early-stage and start-up companies. Based in Rochester, New York, the firm seeks to invest in the technology sector companies in the United States.  

Practica Capital is a dedicated Baltic VC focusing on investments in the Baltic and Baltic-origin ventures in Europe. Founded in 2011, the firm prefers to invest in seed-stage and selected pre-seed and A-stage technology companies.  

Evergrowth Use of Funds  

With the funding, the company plans to scale the platform and expand operations.  

About Evergrowth  

Founded in November 2023 by JB Daguené, Mantas Urnieza, Tadas Cekavicius, Aivaras Rastenis, and Algimantas Padegimas, Evergrowth is a B2B account-based sales platform, leveraging AI-driven insights to craft customer-centric sales frameworks and transform how companies engage and succeed. Its services are designed to build sustainable revenue growth machines for B2B companies, focusing on acquiring high-value clients through proven account-based strategies. Evergrowth’s AI-powered customer-centric sales workflows and data analysis tools help sales teams efficiently capture, recycle, and expand their Total Addressable Market (TAM). The company has offices in Vilnius, Lithuania, and New York City, USA.  

Funding Details                    

Company: Evergrowth, UAB  

Raised: $2.2M  

Round: Pre-Seed   

Funding Month: February 2024               

Lead Investors: Impellent Ventures and Practica Capital     

Additional Investors:      

Company Website: https://evergrowth.com/   

Software Category: B2B Sales  

Source: https://www.businesswire.com/news/home/20240222547944/en/  

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