"Cannumo, the Lithuanian wellness start-up behind the live-bacteria drink Goodie, has secured a record-breaking €1 million investment on Shark Tank Lithuania - the largest deal ever reported on any European business reality show. The investment came from entrepreneur Tadas Burgaila, co-founder of the Kilo Group and founder of accelerator Lost Astronaut. Burgaila committed €600,000 for a 20% equity stake, alongside €400,000 in loan financing, marking a milestone for both Lithuania's start-up sector and the broader European TV format."
"Cannumo develops live-bacteria wellness products aimed at the fast-growing functional beverage market. On the programme, the founders showcased Goodie, a fermented drink containing 96 live bacterial cultures, produced in Lithuania and positioned as a healthier, alcohol-free alternative for long-term gut support. Co-founders Mykolas Karpičius and Dominykas Ježerys told investors they have already poured around €500,000 of their own capital into launching Goodie and scaling production."
Cannumo secured a €1 million investment on Shark Tank Lithuania, the largest deal reported on any European business reality show. Investor Tadas Burgaila provided €600,000 for a 20% equity stake plus €400,000 in loan financing. Cannumo produces Goodie, a fermented live-bacteria drink with 96 bacterial cultures positioned as a healthier, alcohol-free option for long-term gut support. Founders Mykolas Karpičius and Dominykas Ježerys invested about €500,000 of personal capital into launch and production scaling. After the deal, Cannumo plans a 90-day UK e-commerce expansion, wider European distribution, and development of a new US-targeted gut-health product.
Read at Business Matters
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