Lithuanian GREÏ raises €650K from FIRSTPICK

Lithuanian high-tech startup GREÏ has raised €650K in pre-seed round from investment company FIRSTPICK.

GREÏ is a startup founded in 2024 in Lithuania by Saulius Tvarijonas and Giedrė Rajuncė. The company has developed an AI-based operational analytics platform designed for companies with large physical assets, such as warehouses, factories, and retail chains. The GREÏ platform helps companies eliminate blind spots and false alarms in their operations, allowing them to respond more quickly to potential failures. 

GREÏ will use the funds raised to develop its product, expand its team, and further enter European markets.

Firstpick is a venture capital firm and accelerator founded by the former team of the Estonian accelerator StartupWiseGuys, which operated in Lithuania. The company invests in Lithuanian-based startups in a wide range of sectors, from enterprise applications to consumer and retail. The partners of Firstpick are Jone Vaituleviciute, Marijus Andrijauskas, Andra Bagdonaite.