HomeFundingLithuanian gaming marketplace Eneba scored €6.55 million in funding to support its...

Lithuanian gaming marketplace Eneba scored €6.55 million in funding to support its rapid international expansion

Eneba, a Lithuanian marketplace startup which sells games and other gaming related products, just has raised €6.55 million in funding from InReach Ventures, Practica Capital FJ Labs and a group of business angels.

Founded in 2018 by Vytis Uogintas and Žygimantas Mikšta, Eneba stated it has already attracted 26 million unique users because of its ‘one-click to buy’ gamer experience, fingerprinting technology and its security features. Eneba also optimizes its localized gaming experiences to show locally trending gaming products. The gaming marketplace of th Kaunas-based company is designed to reduce risky transactions, simplifies the refunding process, and prevents fraud.

With the increased demand for digital entertainment during the pandemic, the Eneba was able skyrocket its US traffic. The fresh capital of this current funding round will help the young company to accelerate this growth even further.

Žygimantas Mikšta, the Co-founder and CMO of Eneba recently stated that their usage numbers was increasing up to tenfold during the pandemic and that it was a challenge to meet the demand. Within the past few months, the young company increased its team size to about 130 people.

The startup’s mission is to bring an outstanding selection of games to every single interested player, in the safest, most trustworthy, and cheapest way possible. The Eneba team is convinced that they found their competitive edge with their focus on security, which is becoming an increasingly important topic in online gaming (especially regarding virtual goods).

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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