Lift99
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Lift99 - overview
Established
2016
Location
Tallinn, Harjumaa, Estonia
Primary Industry
Software
About
Lift99 is a co-working space and community hub focused on supporting startup founders and tech entrepreneurs. The company provides collaborative environments that foster networking and business development through various resources and services. Founded in 2016 in Tallinn, Estonia, Lift99 specializes in providing co-working spaces and community-driven services. The company was established by founders Aleksandr Yevsyukov, Andrey Gavrilenko, Dariia Vasylieva, Elise Sass, and Preethi Mohan.
The CEO is Rannar Park, and Tetiana Chaikovska serves in a key role. In May 2018, Lift99 raised USD 2. 3 mn in a funding round led by GungHo Online Entertainment, with participation from other investors. Lift99 primarily offers co-working spaces and community-driven services aimed at nurturing startup founders and tech entrepreneurs.
Their flagship locations, the Tallinn Hub and Kyiv Hub, serve as collaborative environments designed to facilitate networking, mentorship, and business development. These hubs provide resources such as meeting rooms, event spaces, and access to a network of like-minded individuals and companies, primarily serving entrepreneurs and SMEs across the Baltic region and Central and Eastern Europe. In 2023, Lift99 reported a revenue of USD 433 mn and an EBITDA of USD -44,889. 1.
Lift99 plans to utilize the USD 2. 3 mn raised in May 2018 to expand its product offerings and enhance its services. The company aims to introduce new community-driven initiatives and develop advanced membership plans to cater to a growing clientele. Furthermore, Lift99 is considering expansion into additional markets across Europe, specifically targeting major tech hubs.
These initiatives are expected to roll out in the next few years as part of their strategy for sustained growth.
Current Investors
Passion Capital, GungHo Online Entertainment, Inc., Agrello
Primary Industry
Software
Sub Industries
Consulting Services, Conferencing Software
Website
http://www.lift99.co
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Lift99 - timeline of key events
Lift99 - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 25,119 | 211,723 | 29,060 | - | - | 3,610 | - | - | - |
| % Revenue Growth (YoY) | - | 742.9% | (86.3%) | (100.0%) | - | - | - | - | - |
| EBITDA (USD) | (135,766) | (126,825) | (77,543) | (49,620) | (39,728) | (70,160) | - | - | - |
| Operating Income (USD) | (136,135) | (131,735) | (79,623) | (51,253) | (41,360) | (71,792) | - | - | - |
| Operating Margin | (542.0%) | (62.2%) | (274.0%) | - | - | (1988.7%) | - | - | - |
| % EBITDA Margin | (540.5%) | (59.9%) | (266.8%) | - | - | (1943.5%) | - | - | - |
| NET Income (USD) | 465,683 | 114,805 | 271,191 | 752,790 | 11,856,277 | (737,428) | - | - | - |
| % Net Margin | 1853.9% | 54.2% | 933.2% | - | - | (20427.4%) | - | - | - |
Lift99 - employee data
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