Lithuanian And Latvian Business Angels Have Invested in Walking Startup “Walk15”, Whose Value Increased 5 Times
Summary
Over the past year, we have established international cooperation, gained strong strategic partners, started expansion in Denmark, and with this investment, we will seek to strengthen our product and sales teams. “The startup’s motto “Worth a walk” is very simple, but it reflects our challenges today: living in the midst of technology means less and less movement because almost everything can be solved remotely. I was fascinated by the startup’s phenomenal ability to invite and motivate thousands of people of all ages and attitudes to take time for walks, playfully combining participants’ personal initiative with organizational goals, giving them a technology platform to create routes, overcome challenges and win prizes,” said V. Lašas, an entrepreneur and chairman of the board of the Lithuanian Business Angel network LitBAN. The potential of the startup, the determined and motivated team that administrates it, and the value created by the product – solution to significant health and sustainability problems – helped to decide. The app developed by UAB “Walk15”, which counts steps collected by users on a daily basis, has been supplemented with several exclusive features, thanks to which the platform created by the startup in 2021 was recognized as the best innovative health solution in the country, winning the opportunity to represent Lithuania in the international “World Summit Awards”.