New Lithuanian unicorn: Oxylabs raises €113.6 million at €3.1 billion valuation
Oxylabs, a Vilnius-based data infrastructure platform, has secured €113.6 million from Warburg Pincus, becoming the second bootstrapped unicorn from the Tesonet accelerator.
Oxylabs, a data infrastructure platform headquartered in Vilnius, Lithuania, has raised €113.6 million ($130 million) in its first external funding round from investment firm Warburg Pincus. The investment values the company at €3.1 billion ($3.6 billion), granting it unicorn status.
Founded in 2015, Oxylabs had previously been bootstrapped, relying solely on its own revenue. This funding marks a significant milestone as the company becomes the second bootstrapped unicorn to emerge from the Tesonet accelerator, a Lithuanian venture builder. The capital will be used to fuel further growth and technological advancements.
