Rytis Vitkauskas

Early in his career Vitkauskas invested at Summit Partners; he recalled that his first transaction there was a $100 million investment in Avast in 2010.⁠[1][2]

In 2012, Vitkauskas co-founded YPlan in London with Viktoras Jucikas and served as its CEO. The mobile app offered users a curated selection of shows, concerts, and other events happening in their city that night or very soon, bookable in a couple of clicks within the app; by late 2012 it had raised $1.7 million from Wellington Partners and Octopus Investments, and its angel backers included lastminute.com co-founder Brent Hoberman and Sherry Coutu.⁠[3][4][4][5][6][4][4]

In June 2013, YPlan closed a $12 million Series A led by General Catalyst Partners, with Wellington Partners and Octopus Investments participating, and announced its expansion to New York. Vitkauskas said its core users were time-starved city dwellers between 20 and their late 30s, and that the company was investing in its personalization and recommendation engines.⁠[6][6][6]

YPlan launched in New York in September 2013, having just passed 300,000 activated downloads and raised $13.7 million in total. Vitkauskas said the company was focused on answering the question “What am I going to do tonight?”⁠[5][5][5]

In November 2014, YPlan raised a $24 million Series B led by Octopus Investments, Wellington Partners, and General Catalyst, with Nokia Growth Partners joining as a new investor, bringing its total funding to just under $38 million. At the same time it cut its direct sales team responsible for signing event deals and rebuilt the product as a self-service platform where event organizers could add and manage their own listings; it then covered San Francisco, New York, Las Vegas, and London and had about 70 employees worldwide, 50 of them in London. Vitkauskas said YPlan had grown 300% over the previous year and had more than 1 million downloads.⁠[3][3][3][3][3][3]

In October 2016, publicly listed media company Time Out Group acquired YPlan in an all-stock deal for an initial price of £1.6 million, far less than the approximately £31 million YPlan had raised; YPlan had a pre-tax loss of £6.2 million in its last financial year filed.⁠[7][7]

In April 2019, Berlin-headquartered venture firm Target Global opened its first UK office, with Vitkauskas supporting its two London-based partners as a venture partner.⁠[8][8]

According to his LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry profile, Vitkauskas joined U.S. venture firm Lightspeed Venture Partners in September 2019 as its first partner in London.⁠[9][2]

On September 12, 2022, Vitkauskas became a director of DIG Ventures Advisors Limited, remaining in office as of October 2026; he is a Lithuanian national residing in England. When DIG closed its $100 million first institutional fund in April 2025, he was one of its four partners.⁠[10][10][11]

On October 1, 2026, DIG announced the close of its $120 million third fund; Vitkauskas leads the firm with Ross MasonRoss MasonRoss Mason is a British software entrepreneur and venture capitalist, the creator of the open-source integration framework Mule and founder of the enterprise integration software company MuleSoft. MuleSoft listed on the New York Stock Exchange in 2017 and was acquired by Salesforce in 2018 for an enterprise value of approximately $6.5 billion; that same year he founded the London early-stage venture firm DIG Ventures, where he is founding partner.Open the full entry and Melissa KlingerMelissa KlingerMelissa Klinger is a British venture capitalist and a general partner at DIG Ventures, a London early-stage venture firm. She was formerly UK sales lead at the enterprise integration software company MuleSoft; after Salesforce acquired MuleSoft, she co-founded DIG Ventures with Ross Mason, and she specializes in helping technical founders build their go-to-market capabilities.Open the full entry. He said the fund targets enterprise infrastructure and technical software in and around AI enablement, and that while a great deal of LP capital is flowing into very large multi-stage funds, this fund aims to address a gap in Europe.⁠[12][12][2][2][2]

He said DIG has invested in 13 countries, that he is not worried about sovereignty debates, and that historically the major winners have taken a global rather than a local approach.⁠[2][2][2]

As of October 2026, Vitkauskas is a general partner at DIG Ventures. According to DIG, he has backed eight unicorns and one decacorn, including Dash0, Personio, Matillion, and Nord Security, and focused on early- and growth-stage companies at Lightspeed, Target Global, and Summit Partners.⁠[1][1][1]

DIG Ventures: Official website: https://dig.ventures/ (opens in a new window).⁠[1]

LinkedIn: Public profile: https://www.linkedin.com/in/rvitkauskas/ (opens in a new window)⁠[1]