Top 5 Agriculture (AgTech) VC Funds &amp; Investors in Latvia (October 2026)

ZGI Capital is the fund management company that manages "ZGI fund”, that was founded to support entrepreneurs lacking start-up capital for their business. The total amount of assets available for venture capital investments is of EUR 7.4M. Combined with bank financing, this will allow to finance investment projects with total assets of up toEUR 30M. The fund acts on behalf of various investors including the State.

Investment focus

Industry: Manufacturing, Machinery Manufacturing, Consulting
Stage:Seed, Venture - Series Unknown
Geography: Latvia, Estonia, United Kingdom

Investor stats

Total investments: 30
Round size: Seed $55k–$896k; Venture - Series Unknown $306k–$1.6M
Lead/follow: 90% lead, 10% follow
Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

HansaMatrix — Electronics manufacturing in Eastern Europe including industries like transportation, IoT, technology sectors, medicine & more.
RoyaltyRange — RoyaltyRange is a data provider with 4 professional databases covering Royalty rates, Service fees, Loan rates, Companies' financials.
Electrify — Electrify manufactures electric buses and minibusses offers charging solutions, and bus infrastructure maintenance.

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Luminor is the third-biggest provider of financial services in the Baltic States and the top independent bank. Our objectives are to promote change, engage with society, influence the economy with an eye toward the future, and benefit the area.

Investment focus

Industry: Baby, Retail, Children
Stage:Debt Financing
Geography: Latvia

Investor stats

Total investments: 6
Round size: Debt Financing $1.1M–$155M
Lead/follow: 100% lead, 0% follow

Portfolio highlights

hoppekids — Hoppekids designs and sells furniture and accessories for children’s rooms, focusing on beds, storage, and complementary décor. The company offers a wide range of children’s beds including junior beds, mid sleeper beds, loft beds, bunk beds, house beds, and four poster beds along with matching bed accessories. Hoppekids also provides desks, chairs,shelving systems, wardrobes, toy chests, and other storage furniture for children’s spaces. Its assortment includes mattresses, baby furniture such as cots, cradles, changing tables, and playpens, as well as bedding, cushions, play tunnels, and themed bed textiles. Many products are made from solid pine wood and some bed series are TÜV-certified and Nordic Swan Ecolabelled. Hoppekids sells its products through its online shop and selected retailers.
Timbro — Timbro is a forestry technology company that offers forest management, property acquisition, and consultation services.
Mūsa Mežciems — Mūsa Mežciems is a automotive dealership & mobility-solutions company, It sells new & used passenger vehicles, provides servicing.

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NNV is a seed stage VC fund. We invest in B2B startups from CEE and CIS region and help them to expand internationally

Investment focus

Industry: Information Technology, Software, Analytics
Stage:Pre-Seed, Seed
Geography: Latvia, Estonia, United States

Investor stats

Total investments: 11
Round size: Seed $217k–$1.1M; Pre-Seed $158k–$600k
Lead/follow: 64% lead, 36% follow

Portfolio highlights

OHMYSYNT — AI-powered tool for businesses and creators, that alters videos in seconds using text prompts.
DrugCards — DrugCard - AI-powered pharmacovigilance tools & services for automated literature monitoring, regulatory intelligence and adverse events management.
Rapid Delivery Analytics — Digital shelf analytics for mobile-first grocery and convenience deliveries. Track pricing, visibility, availability, promotions, and competitor performance across rapid delivery platforms.

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EIT Food is a European Knowledge and Innovation Community (KIC), which was set up to transform our food ecosystem. By connecting consumers with businesses, start-ups, researchers and students from around Europe, EIT Food supports innovative and economically sustainable initiatives which improve our health, our access to quality food, and our environment

Investment focus

Industry: Biotechnology, Food and Beverage, Food Processing
Stage:Grant, Non-Equity Assistance, Seed
Geography: United Kingdom, Israel, Germany

Investor stats

Total investments: 129
Round size: Seed $252k–$9.7M; Grant $23k–$594k; Non-Equity Assistance $1.2k–$32k
Lead/follow: 68% lead, 32% follow

Portfolio highlights

Kokomodo — Kokomodo is a produce cocoa via plant cell culture. Kokomodo cellular agriculture technology produce real, controlled, climate-resilient cacao, everywhere, year-round.
Hooked Foods — Hooked Foods is working on a plant-based tuna substitute. By serving delicious plant-based seafood for everyone to enjoy, the company is leading the transition to a healthier seafood ecosystem. The company was established in 2019 and is headquartered in Sweden.
ProSeed Ingredients — ProSeed Ingredients SA develops plant-based ingredients from seed side streams for food and nutrition brands. The portfolio includes protein concentrates, fibers, and functional flours processed from oilseed press cakes and other by-products. These ingredients support applications in bakery, snacks, beverages, dairy alternatives, and meat analogsthrough water binding, emulsification, and texture control. The company offers application trials, prototyping, and co-development to adapt functional performance to specific recipes. Quality and regulatory services include specification sheets, traceability, allergen management, and consistent lot-to-lot performance. Sampling, pilot runs, and scale-up guidance help R&D and procurement teams evaluate and integrate the ingredients into existing production.

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