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34 New Lithuanian unicorn: Oxylabs ends bootstrapped streak after securing €113.6 million at €3.1 billion valuation

EU-Startups
Rahul Raj @ EU-Startups 2 place · today 02:28 EDT

New Lithuanian unicorn: Oxylabs ends bootstrapped streak after securing €113.6 million at €3.1 billion valuation

Oxylabs, a Vilnius-based data infrastructure platform, has secured €113.6 million ($130 million) in funding from Warburg Pincus, valuing the company at €3.1 billion ($3.6 billion). This marks Oxylabs’ first external investment since its founding in 2015 and makes it the second bootstrapped unicorn to emerge from the Tesonet accelerator, a Lithuanian venture builder led by ...

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