Tesonet | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

Tesonet is a rapidly growing business accelerator and investor based in Vilnius, specializing in various sectors including cybersecurity,...


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Tesonet is a rapidly growing business accelerator and investor based in Vilnius, specializing in various sectors including cybersecurity, HealthTech, EdTech, and Growth Tech. The company has a proven track record of helping startups scale globally, having kickstarted notable companies such as Nord Security and Surfshark. With a team of over 3,200 experts, Tesonet focuses on providing support to ambitious founders with working products or MVPs.

Website
Headquarters
Vilnius, Vilniaus
Size
1001-5000 employees
Industry
Technology, Information and Internet
Specialities
Accelerator, Venture Capital, Startups, Marketing

🛍️ Tesonet Product and Pricing News →

👔 Tesonet CEO, Management and Leadership Team →

⚔️ Tesonet Alternatives and Competitors →

💼 Tesonet Hiring and Layoffs →

🤖 Tesonet Developer, Integration and Automation News →

📈 Tesonet Financials, Fundraising and Valuation News →

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🛍️ Tesonet Product and Pricing News

  • Tesonet added a new 'Code Search' feature on their GitHub page to enhance code discovery.
  • Tesonet has reduced its GitHub repositories from 9 to 1, now focusing solely on the 'windows-party' project.
  • Tesonet has over 3,000 employees in its business accelerator in Vilnius, with plans for further expansion after constructing a fourth building.
  • Tesonet concluded Q3 2024 with significant projects and milestones, featuring Nord Security and Oxylabs in their Community Pulse recap.
  • UAB Tesonet Global founders Tomas Okmanas and Eimantas Sabaliauskas received the National Patron title for supporting the public institution 'Mėlyna ir geltona'.

  • Tesonet's Nord Security team launched an identity recovery service in the US to enhance digital security.
  • MRU students received awards from Tesonet co-founder Tom Okman for their outstanding academic performance.
  • Tesonet launched Saily Business, a new product aimed at providing global internet data for business travelers.

👔 Tesonet CEO, Management and Leadership Team


⚔️ Tesonet Alternatives and Competitors

  • UST
  • |
  • Persistent
  • |
  • QuantiTech
  • |
  • Fleetio
  • |
  • ChipRewards
  • |
  • Metaplanet
  • |
  • Norrsken VC
  • |
  • Slingshot Ventures
  • |
  • Breed Reply
  • |
  • Globant

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💼 Tesonet Hiring and Layoffs

  • Šarūnas Urbonas is the Customer Experience Manager at CyberCare, part of the Tesonet group.
  • Vilius Grigaliūnas has left Tesonet as a Communication Project Manager in Lithuania to join Open Initiative Lithuania as an Account Manager.
  • Tesonet is hiring a Junior-Mid PPC specialist for their Accelerator product in Vilnius.
  • Roberta Prelgauskienė has left Tesonet as a Mentor at the TesoXchange Mentorship Program in Lithuania to join Hostinger in a role focused on Helping Find Top Talents.


🤖 Tesonet Developer, Integration and Automation News


📈 Tesonet Financials, Fundraising and Valuation News

  • Tesonet co-owns Žalgiris Group, which acquired the London Lions basketball club this summer.
  • Tesonet, holding 45% ownership in UAB Žalgiris group, has taken full control of the Žalgiris basketball club by removing the previous owners, 777 Partners group.
  • Tesonet has invested in the 15min group and plans to further invest through its Mediatech Investment Fund, becoming a minor shareholder in the parent company 4 Bees.
  • Lithuania's "15min grupė" is launching a €15 million bond issuance to refinance the acquisition of "M-1 grupė," supported by temporary financing from Tesonet’s "Mediatech Investment Fund," which will also become a minority shareholder in "15min grupė’s" parent company, "4 Bees."
  • Lithuanian unicorn Surfshark, a Tesonet brand, acquired California-based online privacy protection company Ironwall.

  • Tesonet's CEO Tomas Okmanas announced that the Mediatech Investment Fund, part of Tesonet's portfolio, provided interim financing for the acquisition of the M-1 group, which will be refinanced through a current bond issuance.
  • Lithuanian real estate tech platform Flanco has raised investment from Trafi co-founder Martynas Gudonavičius, who joined as a significant shareholder, following previous investment from Tesonet
  • Tech giant Tesonet takes over London Lions, expanding its sports portfolio globally.

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