Walk15 receives another 1 million euros for German expansion

With over 640,000 users and international partnerships, Walk15 is once again attracting investment. The funds are intended to drive the company's expansion on the German market.

Berlin / Vilnius - The start-up "Walk15", which focuses on sustainable mobility, has raised a second investment of 1 million euros within three months. With over 640,000 users and 1,300 international companies combined, the company plans to use these funds to expand into the German market. The recently opened office in Berlin marks a further step in this direction.

Company valuation increased to €15 million

The latest investment of €1 million comes from various sources, including the venture capital fund "Coinvest Capital" and the syndicate of 32 angels "8NGLS" led by Justinas Pašys. The decision to invest was influenced by three main factors: sustainability, global reach and the promotion of women's roles. The total valuation of "Walk15" rose to 15 million euros at the end of last year after it raised an investment of 500,000 euros. Among the investors was Mantas Mikuckas, co-founder of "Vinted", the first Lithuanian unicorn.

"Walk15" has achieved impressive results in recent years, which has led to strong investor confidence. Viktoria Trimbel, Managing Director of Coinvest Capital, emphasizes the team's shared vision and enthusiasm.

The startup, which focuses on promoting exercise and sustainable lifestyles, is active in several European countries, including Germany. International partners and clients, including "Euroleague" and "ERGO", testify to the global reach of "Walk15".

We are globally addressing the problem of declining physical activity in society and the resulting problems for personal health and the healthcare system

Vlada Musvydaitė-Vilčiauskė, founder and CEO of "Walk15"

"Walk15" has already received international recognition as one of the fastest growing startups in Lithuania and was included in the Deloitte Technology Fast 50 Central Europe 2023 rating. EIT Urban Mobility's investment in 2022 demonstrates the importance of the company in the field of sustainable mobility.

Peter Vest from EIT Urban Mobility underlines Walk15's success in promoting active mobility and describes it as a trailblazer in the entire Baltic Sea region. The selection of the start-up is based on its global potential to help people adopt healthier and more sustainable mobility habits.