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Friday, July 1, 2022

Lithuanian gig marketplace startups gets fresh funds

Lithuanian the gig marketplace startup Discontract has caught the attention of CoInvest Capital and other private investors who decided to invest in the startup during the “bridge round” of fundraising. 160k EUR was raised for the development of Discontract Business Central in Lithuania and Poland. This is the second relatively large-scale investment into the startup. Throughout the first year of Discontract operations, the company has successfully raised 300k EUR.

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A new product-oriented towards companies and their clients

CoInvest capital (“Koinvesticinis fondas II “, financed by the European Regional Development Fund‘s budget) as a „silent“ investor and private investors: Šarūnas Birutis, Benediktas Gylys, and Gvidas Drobužas invested into the startup during the “Bridge round” stage. The new product Discontract Business Central is designed for physical stores, e-commerce stores, Real Estate owners and administrators, insurance providers, and apartment communities.

“The new product for companies and their clients provides the opportunity to order electricity, plumbing, device installation, cleaning, malfunction diagnostic and resolution, guarantee return, and other services conveniently. Our business model is unique not only in Europe but also outside of it”, – says Gediminas Jankus, co-founder and CEO of Discontract.

Innovation allows us to be unique

The product, developed by Discontract provides the opportunity for physical store managers, Real Estate owners and administrators, insurance providers, and apartment community representatives to login into their corporate account on the company‘s webpage and create orders for themselves or their clients.

E-commerce stores also have the opportunity to integrate API – Application Programming Interface – including the service ordering option. This allows clients to bundle purchase the product with the installation service included (which would be provided via Discontract).

The user only needs to click a single button and choose the appropriate time and date. The system immediately automatically assigns the service provider.

Business clients can order various services from the top-rated service providers. The system for business allows the users to observe orders in real-time, while the Discontract customer support division is providing answers to client questions 24/7. 

The service for companies is already being used by a lot of business clients, some of which include Topo Centras, Compensa Vienna Insurance Group, Ekoliumenas, Prenta, Valdantis, Naujininkų Ūkis, and others.

Source: Startup Lithuania

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Jan Ameri
Jan Ameri
Entrepreneur-by-heart – and by actions since 1998. Being an expert in spotting new opportunities and creating new concepts, Jan has been a partner or co-founder in seven different companies in various industries. In the early 2000’s he was pioneering some of the very first WAP, SMS, and interactive TV based wireless games and fantasy sports games in the Nordic countries. Jan loves to watch Shark Tank and The Profit in his free time. And he is an FC Barcelona fan.

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