First Lithuanian company that got selected by Silicon Valley’s Y Combinator
A data science and AI edtech startup that enables students to learn at their own pace on a peer-driven remote learning platform, Turing College, has been selected for the Silicon Valley accelerator programme W21 batch of the Y Combinator, a fund accelerator that invests a small amount of money into a large number of startups. The W21 Y Combinator batch has 350 startups from across 41 countries. Turing College is the first Lithuanian company that got selected by Y Combinator.
This Lithuanian company has the aim of solving recruitment issues by co-creating its curricula with Hiring Partners such as Biomapas and Neurotechnology to ensure students learn the necessary skills to get hired.
Turing College has now received a total of €900,000 funding. The support from Y Combinator will enable the company to scale its operations into new European markets.
Mayor of Vilnius, Remigijus Šimašius, said: “Vilnius has been buzzing with startups which make it one of the leading startup hubs in Europe. The global recognition of companies based in the capital is a great achievement for the young entrepreneurs and the city. It shows that our startup support system lays the groundwork for even more outstanding recognitions.”
CEO of Turing College, Lukas Kaminskis, said: “We have put in a lot of work in preparation for the Y Combinator selection phase, working hand in hand with customers and growing revenue weekly, so it is an immense honour to be selected, and Vilnius has made it a lot easier for us.” Photo credit: Turing College