From 100 layoffs to €404M: How Lithuania’s Kilo rebuilt itself as a venture studio using AI

July 16, 2026

4 minute read

Image credits: Kilo

In 2023, one of Europe’s fastest-growing companies stopped expanding. After years of rapid growth, this Lithuanian health and wellness venture laid off more than 100 employees, brought in a new CEO, and faced the challenges of growing too quickly wit...

Want to read this article?
Subscribe to TFN Prime at super early discounted price

Go back to homepage

Monzo co-founder Tom Blomfield takes leave from Y Combinator to join Anthropic

Oana Jinga, Co-Founder of robotics and warehouse intelligence company, Dexory

From Google to warehouse robots: Dexory’s Oana Jinga on triple-digit growth and why humanoids won’t win

Reformed bags $22M Series A as functional coffee brand targets $100M ARR on 14-person team

From 100 layoffs to €404M: How Lithuania’s Kilo rebuilt itself as a venture studio using AI

Europe’s real founder factories are not Google or unicorns, but early-stage startups you have never heard of

Zeynep Koruturk, co-founder and managing partner of Firgun Ventures

She backed quantum’s largest Series C ever. Now Zeynep Koruturk reveals where she is putting her money next

3 minute read

Genow raises €1.65M to fix corporate knowledge fragmentation

Enterprise knowledge may be digital, but for most large organisations, it remains fragmented and challenging to navigate. The…

bySofia Chesnokova

August 17, 2025

2 minute read

Mondu gets €20M to simplify B2B payment transactions through BNPL

Mondu, a Berlin-based B2B payments company, has secured a €20M debt investment round from German bank Vereinigte Volksbank…

byVignesh R

October 14, 2022

2 minute read

Red Access grabs $17M to simplify secure browsing with SaaS platform

Tel-Aviv-headquartered Red Access, which develops a SaaS-based security platform for browsing, secured $17 million in a Series A…

bySofia Chesnokova

September 10, 2025

2 minute read

Footballer Hasan Salihamidžic backs €2.5M funding of Stockholm-based online pharmacy startup

Stockholm-based online pharmacy startup Apotekamo focusing on Southeast Europe has scored €2.5 million in funding. With this round,…

byEditorial Team

August 8, 2022

Gadgets

From 100 layoffs to €404M: How Lithuania’s Kilo rebuilt itself as a venture studio using AI

This female founder nearly lost her family home to probate. She just raised $5M from Emergence to fix it

What Uber’s $14.8B Delivery Hero deal says about the future of European tech

Tyred bags £2.5M to build the AI platform that predicts your bike will break down before it actually does

Swiss satellite maker SWISSto12 secures $70M Series C for multiorbit push

The Latest

From 100 layoffs to €404M: How Lithuania’s Kilo rebuilt itself as a venture studio using AI

This female founder nearly lost her family home to probate. She just raised $5M from Emergence to fix it

What Uber’s $14.8B Delivery Hero deal says about the future of European tech

Tyred bags £2.5M to build the AI platform that predicts your bike will break down before it actually does

From 100 layoffs to €404M: How Lithuania’s Kilo rebuilt itself as a venture studio using AI

Monzo co-founder Tom Blomfield takes leave from Y Combinator to join Anthropic

From Google to warehouse robots: Dexory’s Oana Jinga on triple-digit growth and why humanoids won’t win

Reformed bags $22M Series A as functional coffee brand targets $100M ARR on 14-person team

From 100 layoffs to €404M: How Lithuania’s Kilo rebuilt itself as a venture studio using AI

Europe’s real founder factories are not Google or unicorns, but early-stage startups you have never heard of

She backed quantum’s largest Series C ever. Now Zeynep Koruturk reveals where she is putting her money next

This is premium content.

Get full access for £9.99/month and join our insider community.

CONTINUE READING LATER – RETURN TO HOMEPAGE

Get daily funding news briefings in the tech world delivered right to your inbox.

Enter Your Email

join our newsletter. thank you

Gadgets

From 100 layoffs to €404M: How Lithuania’s Kilo rebuilt itself as a venture studio using AI

Monzo co-founder Tom Blomfield takes leave from Y Combinator to join Anthropic

From Google to warehouse robots: Dexory’s Oana Jinga on triple-digit growth and why humanoids won’t win

Reformed bags $22M Series A as functional coffee brand targets $100M ARR on 14-person team

From 100 layoffs to €404M: How Lithuania’s Kilo rebuilt itself as a venture studio using AI

Europe’s real founder factories are not Google or unicorns, but early-stage startups you have never heard of

She backed quantum’s largest Series C ever. Now Zeynep Koruturk reveals where she is putting her money next

Related Posts

This is premium content.

Get full access for £9.99/month and join our insider community.

Get daily funding news briefings in the tech world delivered right to your inbox.

Enter Your Email

join our newsletter. thank you