Lithuanian Firstpick and CoInvest invest in Spanish Algori

Lithuanian Firstpick and CoInvest have invested in Spanish company Algori. Red Bull Ventures, Tech Transfer Agrifood (Clave Capital), and AttaPoll, as well as existing investors, also participated in the €3.6M funding round. Algori's investors also include industry veteran Jared Schreiber (InfoScout).

Algori is a Spanish company that develops a platform for analyzing consumer data in the fast-moving consumer goods (FMCG) industry. Algori collects purchase data directly from consumer receipts (physical and digital) submitted through the company's apps. The goal is to help improve distribution, sales, and marketing for FMCG brands and retail chains. In Spain, the platform works with a panel of about 45,000 weekly shoppers. Algori was founded in 2019. Co-founder and CEO: Andrius Juozapaitis.

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.

CoInvest Capital is a venture capital fund founded in 2018. Its goal is to strengthen the business angel ecosystem in Lithuania and improve access to venture capital for early-stage startups.

Red Bull Ventures is the investment arm of Red Bull, launched in April 2025. The fund's goal is to make early-stage investments in startups in the fields of sports and sustainable development.

Tech Transfer Agrifood (Clave Capital) is a venture capital firm founded in 2019 and based in Valencia, Spain. The company invests in the food and agriculture sectors.

AttaPoll is a platform that allows users to earn money through various online activities, such as surveys and inviting friends. It was founded in 2015 in the United Kingdom.