Lithuanian fintech Axiology has raised a €2 million funding co-led by Coinvest Capital and Baltic Sandbox Ventures, as Vestbee was informed.
- Axiology is a platform for tokenized securities that facilitates the trading of stocks or bonds using Distributed Ledger Technology (DLT). Founded in 2023, the startup is led by, Marius Jurgilas, a former board member of the Bank of Lithuania. The founding team also includes Andrius Bartminas, Andrius Mamontovas, and Andrius Kašuba.
- The recent investment was co-led by Coinvest Capital, a Lithuanian early-stage venture capital fund that typically co-invests up to €1.6 million per startup. To date, Coinvest Capital has 32 portfolio companies, including two exits, and manages €25.5 million in assets under management (AUM).
“The ambition of Axiology’s founders to enable safe, efficient, and affordable access to the capital markets, matching companies and investors, aligns perfectly with the Fund’s mandate to foster the development of the financing ecosystem and fill market gaps,” comments Viktorija Trimbel, Managing Director at Coinvest Capital.
- Another co-leading backer is Baltic Sandbox Ventures, an early-stage VC dedicated to developing the deeptech and life science ecosystem in the Baltic region.
- The list of investors also includes seasoned Lithuanian and international business angels, two private angel syndicates, and a private early-stage VC fund, Lemonade Stand, which invests in pre-seed startups across the Baltics and Eastern Europe.
- The investment will be spent by Axiology for the development of a fully functional, regulatory-compliant alternative capital market infrastructure.
