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Top 50 Climate Startup Investors in Latvia (August 2026)

The most active venture capital funds and angel investors investing in Latvia Climate startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Latvia Climate startup companies. Find investors to raise a Pre-Seed, Seed or Convertible Note round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Expansion Capital
VC Fund
14 Latvia, United States, Norway Seed, Debt Financing Manufacturing, Software, Logistics $125k–$2.4M
Imprimatur Capital Fund Management
VC Fund
13 Latvia, United States, United Kingdom Seed, Debt Financing Software, Information Technology, Apps $63k–$549k
ZGI Capital
VC Fund
12 Latvia, Estonia, United Kingdom Seed, Debt Financing Manufacturing, Consulting, Construction $55k–$981k
The Untitled Venture Company
VC Fund
5 United States, Russian Federation, Latvia Seed, Pre-Seed, Convertible Note Software, SaaS, Information Technology $100k–$1.6M
Uldis Sipols
Angel
4 Latvia Seed, Angel, Pre-Seed CAD, Software, Simulation $50k–$393k
Sverre Bisgaard
Angel
3 Latvia Pre-Seed, Convertible Note CAD, Software, Simulation $50k–$393k
Nicolai Torgersen
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$393k
SEB Latvija
VC Fund
2 Latvia Grant, Debt Financing Sports, Handmade, Military $6.6k–$155M
FlyCap
VC Fund
2 Latvia, Estonia, The Netherlands Seed, Debt Financing Health Care, Rental, Medical $55k–$2.9M
Untitled Ventures
VC Fund
2 Australia, India, Latvia Pre-Seed, Seed, Venture - Series Unknown Artificial Intelligence, SaaS, Information Technology $462k–$2.5M
ASP Asset Management
VC Fund
2 Latvia Pre-Seed Information Technology, Industrial Manufacturing
Miko Malberg
Angel
2 Latvia Seed, Angel CAD, Software, Simulation
Radix Ventures
VC Fund
2 Poland, Latvia, Ukraine Seed, Venture - Series Unknown, Series B Manufacturing, Biotechnology, Nanotechnology $2.6M–$8.5M
Indrikis Liepa
Angel
2 Latvia Pre-Seed CAD, Software, Simulation
KENDRIS Capital
VC Fund
2 Latvia Seed, Venture - Series Unknown Nanotechnology, CleanTech, Manufacturing
Lauris Liepa
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$393k
Nikita Sergienko
Angel
2 Latvia Seed, Angel CAD, Software, Simulation
Impact Ventures Hungary
VC Fund
2 Hungary, Spain, Italy Seed, Pre-Seed Software, Agriculture, Health Care $878k–$4.6M
Lev Dolgatsjov
Angel
2 Latvia Seed, Angel CAD, Software, Simulation
Siena Capital
VC Fund
2 Estonia, Latvia Seed, Pre-Seed, Convertible Note Financial Services, CAD, Banking $50k–$4.2M
Angel Parn
Angel
2 Latvia Seed, Angel CAD, Software, Simulation
Povilas Urbonas
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$393k
SOSV
VC Fund
2 United States, India, United Kingdom Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software
ZAS Ventures
VC Fund
1 United States, Ukraine, Estonia Pre-Seed, Seed Software, Information Technology, Health Care $50k–$1.3M
BADideas.fund
VC Fund
1 Estonia, Latvia, Lithuania Seed, Pre-Seed, Grant Software, Information Technology, Artificial Intelligence $110k–$3.6M
BaltCap
VC Fund
1 Latvia, Lithuania, United States Seed, Series A, Series B Information Technology, Software, Mobile $127k–$1.3M
Envac Group
VC Fund
1 Latvia Pre-Seed Waste Management, Internet of Things
Lauri Isotamm
Angel
1 Latvia, Estonia, United States Pre-Seed, Seed Software, CAD, Music $50k–$300k
Oschadbank
VC Fund
1 Ukraine, Latvia Debt Financing, Post-IPO Debt Energy, Renewable Energy, Solar $10M–$77M
EIT RawMaterials
VC Fund
1 Finland, Germany, Italy Grant, Seed, Pre-Seed Mining, Manufacturing, Advanced Materials $85k–$5.4M
Kaspars Upmanis
Angel
1 Latvia Seed, Convertible Note CAD, Software, Simulation
Louis Paulsen
Angel
1 Latvia Angel CAD, Software, Simulation
Andris Bisnieks
Angel
1 Latvia Convertible Note CAD, Software, Simulation
EIT Urban Mobility
VC Fund
1 Spain, Sweden, France Seed, Pre-Seed, Series A Software, Transportation, Information Technology
Rein Raudjarv
Angel
1 Latvia Angel CAD, Software, Simulation
Tikura Ventures
VC Fund
1 Latvia, Finland Seed, Pre-Seed, Convertible Note CAD, FinTech, Software
Nauris Berzins
Angel
1 Latvia Seed, Convertible Note CAD, Software, Simulation
Maksim Zakurdaev
Angel
1 Latvia Angel CAD, Software, Simulation
Elar Nellis
Angel
1 Latvia, Estonia, United States Seed, Angel, Pre-Seed CAD, Battery, Consumer
Raimond Russak
Angel
1 Latvia Seed CAD, Software, Simulation
GT Technologies
VC Fund
1 Latvia Venture - Series Unknown Energy, Manufacturing, Nanotechnology
Mart Kasak
Angel
1 Latvia Seed CAD, Software, Simulation
SEB (Skandinaviska Enskilda Banken)
VC Fund
1 Sweden, United Kingdom, Latvia Post-IPO Debt, Debt Financing, Series B Energy, Oil and Gas, FinTech $7.6M–$1.6B
Andrejs Lielkalns
Angel
1 Latvia, Poland Seed, Convertible Note Software, CAD, SaaS
Maxim Zakurdaev
Angel
1 Latvia Seed, Convertible Note CAD, Software, Simulation
APX
VC Fund
1 Germany, United Kingdom, United States Pre-Seed, Seed, Series A Software, SaaS, Information Technology $55k–$15M
Nordic Investment Bank
VC Fund
1 Sweden, Finland, Norway Debt Financing, Post-IPO Debt Energy, Manufacturing, Real Estate $16M–$274M
Superhero Capital
VC Fund
1 Finland, Lithuania, Estonia Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $212k–$7.3M
Capitalia
VC Fund
1 Latvia, Sweden, Lithuania Seed, Debt Financing Software, CAD, Apps $149k–$9M
Loryn Higgins
Angel
1 Latvia Convertible Note CAD, Software, Simulation
Access all 89 investors in Latvia Climate startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Expansion Capital
VC Fund · Riga, Riga, Latvia · 14 investments in Latvia Climate startups

Expansion Capital AIFP plans to participate in Latvian state-owned development finance institution ALTUM organized next generation fund manager tender, in order to continue to invest and finance mainly perspective Latvian ideas, projects, and companies.

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Investment focus

  • Industry: Manufacturing, Software, Logistics
  • Stage:Seed, Debt Financing
  • Geography: Latvia, United States, Norway

Investor stats

  • Total investments: 42
  • Round size: Seed $200k–$2.4M; Debt Financing $125k–$246k
  • Lead/follow: 79% lead, 21% follow

Portfolio highlights

  • Flirtu — Flirtu is an app for dating on Telegram that helps users find their perfect match.
  • Willow Wealth — Willow Wealth is an alternative investment platform focused on generating income streams for investors. Get exclusive access to private market investments.
  • FIS.solutions — Loan Management System | Loan Servicing Software | Lending Software. Instalment loans, mortgages, car leasing & rentals, credit line, business loans, factoring
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Imprimatur Capital Fund Management
VC Fund · Riga, Riga, Latvia · 13 investments in Latvia Climate startups

Imprimatur Capital Fund Management is a venture capital firm focusing on high-technology at an early stage in its commercial development. We invest in start-up technology businesses which are based on innovative intellectual property, are led by strong teams and have high international growth potential.Imprimatur Capital Fund Management, based inLatvia, manages seed and start-up funds with investors including the Latvian Guarantee Agency, other institutional investors and some private investors. The company source investment opportunities primarily from the Baltic/Nordic/Russia region.Imprimatur Capital Fund Management is a partner firm of Imprimatur Capital Ltd, headquartered in London and with investment operations in Europe, Russia, Asia Pacific, Latin America and the US.

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Investment focus

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Debt Financing
  • Geography: Latvia, United States, United Kingdom

Investor stats

  • Total investments: 81
  • Round size: Seed $131k–$549k; Debt Financing $63k–$70k
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — last raise in 2010

Portfolio highlights

  • Axial3D — Leading the way with the latest 3D imaging, models, and devices
  • afriQloud — AfriQloud provides a white-labeled cloud computing solution to telecom operators, internet service providers, system integrators, and managed information technology service providers.
  • Sonarworks — SoundID Reference software calibrates your speakers and studio headphones, so you can trust that every mix will translate.
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ZGI Capital
VC Fund · Riga, Riga, Latvia · 12 investments in Latvia Climate startups

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.

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Investment focus

  • Industry: Manufacturing, Consulting, Construction
  • Stage:Seed, Debt Financing
  • Geography: Latvia, Estonia, United Kingdom

Investor stats

  • Total investments: 28
  • Round size: Seed $55k–$896k; Debt Financing $110k–$981k
  • Lead/follow: 89% lead, 11% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Echoo Group — Echoo Group provides Smart Home, Building automation system (BMS), Engineering network solutions from design to solution.
  • 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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The Untitled Venture Company
VC Fund · San Francisco, California, United States · 5 investments in Latvia Climate startups

the Untitled Ventures is an early growth stage fund specializing in deep tech from Eastern Europe. Find out how we develop innovative startups into international businesses.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: United States, Russian Federation, Latvia

Investor stats

  • Total investments: 25
  • Round size: Seed $125k–$1.6M; Pre-Seed $150k–$600k; Convertible Note $100k–$790k
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2021

Portfolio highlights

  • Naco — Our mission is development of top quality solutions based on new materials and exceptionally innovative coating technologies for climate neutrality and sustainable products.
  • VAMA — VAMA is a one-stop virtual platform that provides easy access to e-pujas, e-darshans, and astrology services, to devotees from across India and the world.
  • Wizart — Wizart Home Visualizer helps customers all over the world to choose and visualize finishing materials. Digital tools that boost your sales of finishing materials online and help your clients make decisions quickly
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Uldis Sipols
Angel · 4 investments in Latvia Climate startups

Uldis Sipols

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 5
  • Round size: Pre-Seed $50k–$393k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Sverre Bisgaard
Angel · Oslo, Oslo, Norway · 3 investments in Latvia Climate startups

Has built up and been the leader of Kongsberg Norspace in Horten, Norway and its predecessors over a period of more than 30 years, starting with AME space division in 1984. AME Space AS, a separate company created in 1986, became Alcatel Space Norway (ASN) in 1989 after an MBO in 1988. As MD lead ASN to an international leading position, developingand manufacturing satellite electronic products for satellite manufacturers world-wide, growing the company from 15 to 130 employees and sales exceeding 20 million Euros. Started Norspace, who took over the business of ASN when Alcatel closed ASN in 2003 following the satellite industry downturn in 2001-2002. After another successful build-up of Norspace over eight straight profitable years sold the company to Kongsberg in 2011. Retired from the position of CEO of Kongsberg Norspace end of March 2015.Kongsberg Norspace products are now (2015) found in over 200 satellites, mostly used for telecommunications.Presently engaged as board chairman, board member and investor in various companies.

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed, Convertible Note
  • Geography: Latvia

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $50k–$393k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Nicolai Torgersen
Angel · 2 investments in Latvia Climate startups

Nicolai Torgersen

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $50k–$393k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
Show all investments...

SEB Latvija
VC Fund · Kekava, Rigas, Latvia · 2 investments in Latvia Climate startups

SEB Latvia provides banking services.

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Investment focus

  • Industry: Sports, Handmade, Military
  • Stage:Grant, Debt Financing
  • Geography: Latvia

Investor stats

  • Total investments: 6
  • Round size: Grant $6.6k–$14k; Debt Financing $291k–$155M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Natrix — A military personnel support system developed in collaboration with armed forces, National Guard experts, and industrial designers
  • RedFrog — Indoor Navigation - Let visitors search, find, and get directions. Stride Navigation helps users find their way quickly - right from their smartphone.
  • JSC Eco Baltia — “Eco Baltia grupa” is the largest environment management group in the Baltics in terms of net sales, the company provides full cycle of waste management starting with collection and sorting up to logistics, wholesale and processing of recycled materials. “Eco Baltia grupa” environment management companies are successful household waste,construction waste and separated household waste, as well as other environment service providers to private individuals and companies. The Group includes environment management, collection of recycled materials and used packaging processing companies: “Latvijas Zaļais punkts”, “Eco Baltia vide”, “Eko Kurzeme”, “Jumis”, “Pet Baltija”, “Eko Pet”, “Nordic Plast”, “Eko Reverss” and “Tehhe”.The Group services more than 45,000 clients in Latvia and abroad. The Group companies are leading in their line of operations and large taxpayers in the cities and regions where they operate. “Eco Baltia grupa” is a responsible and stable employer that cares for the welfare, professional development and labour safety of its 600 employees.Vision: The most advanced waste regeneration company in Central and Eastern Europe.Mission: To find a value in each and every thing.Values: • Determination • Creativity / creative approach • Owner’s attitude / responsibility • Ability to see and use opportunities • Courage and initative
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FlyCap
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia Climate startups

FlyCap AIF is a Venture Capital Fund of total size of 15.75 MEUR. The Fund provides growth capital for Latvia based SME’s in a form of investments in equity and mezzanine capital.

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Investment focus

  • Industry: Health Care, Rental, Medical
  • Stage:Seed, Debt Financing
  • Geography: Latvia, Estonia, The Netherlands

Investor stats

  • Total investments: 30
  • Round size: Seed $55k–$2.9M; Debt Financing $329k–$2.2M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — raised $18M in 2013

Portfolio highlights

  • Mintos — Mintos is a platform that provides retail investors with an accessible way to build wealth through loan-based investments. Through their platform retail investors can invest in a diversified way in income-producing assets to build wealth in the long term. They implement environmental, social, and employee matters, respect for human rights,anti‐corruption, and anti‐bribery matters within their remuneration policy practices and other internal company documents.
  • Tapcore — Tapcore is the only solution on the market that enables mobile developers to monetize pirated copies of their apps through advertising. Established in 2015, we are a remote company with headquarters in the Netherlands. Currently we serve over 150 million ad requests daily (and counting!).
  • Elmo — In our mobility-focused operations, we wanted to optimize business and decrease environmental impact, so we created remote control technology to deliver cars.
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Untitled Ventures
VC Fund · Melbourne, Victoria, Australia · 2 investments in Latvia Climate startups

Untitled Group is the collective responsible for a variety of unique festivals, events, venues, tours and good times enjoyed by our artists and patrons from all around the globe.The Melbourne based collective produce over 100+ events annually within Australia and abroad, bringing hundreds of thousands of music lovers together each year.

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Investment focus

  • Industry: Artificial Intelligence, SaaS, Information Technology
  • Stage:Pre-Seed, Seed, Venture - Series Unknown
  • Geography: Australia, India, Latvia

Investor stats

  • Total investments: 10
  • Round size: Seed $979k–$2.3M; Pre-Seed $462k–$2.5M; Venture - Series Unknown $1.3M–$1.6M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Segwise — Segwise runs AI agents that tag and analyze your creative data across 15+ ad networks and MMPs, then generate winning static, video, and playable ads.
  • Opennote — The notebook that thinks with you.
  • Naco Technologies — A website that specializes in technology and innovation advancements in the world as well as delivering the same to all people. It also has an interest in giving people the most current news in the tech world. Visit the blog today for more insights.
Show all investments...

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
ASP Asset Management
VC Fund · 2 investments in Latvia Climate startups

ASP Asset Management provides tailored investment solutions and fund management services for private and institutional clients.

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Investment focus

  • Industry: Information Technology, Industrial Manufacturing
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Cellbox Labs — Cellbox Labs offers industrialized organ-on-chip technology.It generates plug-and-play devices that enable chips to run without input.
  • Blue Shock Race — BSR is a Latvia-based in-house manufacturing company known for creating the world's most powerful rental electric go-karts featuring a quick-swap battery system, which have been exported to 40 countries. Leveraging a strong engineering team, BSR is expanding its portfolio by developing electric motorcycle power unit systems, battery energystorage solutions, and custom electric technology products to meet growing market demands.
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Miko Malberg
Angel · 2 investments in Latvia Climate startups

Miko Malberg

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Seed, Angel
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
Show all investments...

Radix Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 2 investments in Latvia Climate startups

Radix is a new Venture Capital Fund established by experienced investors and technology entrepreneurs based in Central and Eastern Europe with the mission to empower radical innovations.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Nanotechnology
  • Stage:Seed, Venture - Series Unknown, Series B
  • Geography: Poland, Latvia, Ukraine

Investor stats

  • Total investments: 7
  • Round size: Seed $2.6M–$8.5M
  • Lead/follow: 71% lead, 29% follow

Portfolio highlights

  • Healant — Imagine a material that repairs itself, cutting waste and prolonging product life. Healant is revolutionizing tire durability and sustainability.
  • Fresh Inset — Fresh Inset Vision is to save the fresh produce resources by delivering efficient and seamless Vidre+ technology to preserve product freshness throughout the supply chain from packer/shipper to end user
  • Fluence.technology — High-performance femtosecond lasers designed for seamless integration and drift-free stability in 24/7 operations.
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Indrikis Liepa
Angel · 2 investments in Latvia Climate startups

Indrikis Liepa co-heads M&A practice group and heads the tax law practice and is among the leading practitioners in pharmacy law. He has a vast track record of over 15 years in consulting the leading local and foreign financial, food production, IT and other companies. Indrikis has substantial skills base in arranging major local M&A dealsand significant investment projects. Indrikis has extensive knowledge on pharmacy law and is rendering both – daily legal support to numerous pharmacy undertakings and has also advised on major pharmaceutical industry headline deals.

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
Show all investments...

KENDRIS Capital
VC Fund · Larnaca, Larnaca, Cyprus · 2 investments in Latvia Climate startups

KENDRIS Capital is a multi-asset class AIFM and part of KENDRIS group.

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Investment focus

  • Industry: Nanotechnology, CleanTech, Manufacturing
  • Stage:Seed, Venture - Series Unknown
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Naco — Our mission is development of top quality solutions based on new materials and exceptionally innovative coating technologies for climate neutrality and sustainable products.
  • Naco Technologies — A website that specializes in technology and innovation advancements in the world as well as delivering the same to all people. It also has an interest in giving people the most current news in the tech world. Visit the blog today for more insights.
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Lauris Liepa
Angel · 2 investments in Latvia Climate startups

Lauris Liepa

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $50k–$393k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Nikita Sergienko
Angel · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Latvia Climate startups

Nikita Sergienko

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Seed, Angel
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
Show all investments...

Impact Ventures Hungary
VC Fund · Budapest, Budapest, Hungary · 2 investments in Latvia Climate startups

Impact Ventures is a specialist fund manager focusing on Impact Investments. Our mission is to catalyze social impact by supporting and investing in high-growth social SMEs in Europe, addressing areas of social inclusion, education, employment, health and environmental sustainability.

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Investment focus

  • Industry: Software, Agriculture, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Hungary, Spain, Italy

Investor stats

  • Total investments: 19
  • Round size: Seed $878k–$4.6M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Prosoma — Prosoma was born out a need to provide more comprehensive care for cancer patients. We have found a fundamental lack of access to psychological care for patients who not only have to face a life-altering disease and treatment, but also crucially have a different set of needs than other psychological patients. Barriers to accessing psychologicalcare often include low numbers of therapists and clinicians in the area, financial or geographical limitations, and the general wellbeing of patients preventing them from attending meetings. All of these issues can be solved by modern technology.By using VR as part of, or when necessary, an alternative to traditional psychological treatment, we can reach patients that would otherwise be left without any support. They can use our tool at home or in the clinics whilst undergoing pharmacological treatment and chemotherapy.We hope to provide patients with a tool that will help them manage stress, cope with the burden of cancer, and eventually improve their quality of life.
  • Doctor.One — Doctor.One is a chronic care platform that empowers healthcare professionals to stay connected with their patients through continuous, asynchronous communication. By transforming care into a relationship-driven experience beyond the visit, we help improve engagement, boost adherence, and ensure that no chronic patient feels alone in their healthjourney.
  • Candam — Candam specializes in developing technology for the waste management solutions sector. It has developed a cost-effective Smart Ring technology capable of recognizing all types of packaging material. Its patented system recognizes all types of packaging material in real time due to acoustic techniques combined with AI algorithms. It aims to improvewaste collection with the use of technology.
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Lev Dolgatsjov
Angel · 2 investments in Latvia Climate startups

Lev Dolgatsjov

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Seed, Angel
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Siena Capital
VC Fund · 2 investments in Latvia Climate startups

Siena is a VC firm mainly investing in startups in Estonia and California

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Investment focus

  • Industry: Financial Services, CAD, Banking
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Estonia, Latvia

Investor stats

  • Total investments: 5
  • Round size: Seed $2.7M–$4.2M; Pre-Seed $50k–$393k
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — raised $59M in 2021

Portfolio highlights

  • Tuum — Tuum is a cloud-native banking platform that is spearheading the next generation of digital innovation in the financial services industry. Built around a microservices architecture, the platform consists of flexible and independent modules covering all retail and business banking capabilities. The platform is API-based for quick and easyintegration and can run on all major cloud providers, as well as on private clouds. Founded by a team of banking and technology experts in 2019, Tuum combines technological excellence with in-depth banking knowledge and packages it into a sophisticated, cutting-edge platform. Tuum currently employs over 60 people with offices in Tallinn, Berlin and Malaga
  • Wisnio — Great things in business are never done by one person, but by high-performing teams.Teamscope was founded by leading executive search professionals, data scientists, and tech entrepreneurs to help managers make better hiring decisions and build more engaged, high-performing teams.The teamscope platform combines big data analytics withscientific testing to analyze teams and help team leaders make better hiring decisions. Our unique algorithm analyzes the values, personality characteristics, and core competencies of team members to first profile the existing team. Based on that, the platform recommends what characteristics to look for in a candidate and evaluates how well each candidate fits in with the role and the team. The platform then generates a detailed behavioral profile and interview guide for each candidate to help the hiring manager choose the best person for the team.
  • Solid World — A DAO that will create new carbon projects
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Angel Parn
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Latvia Climate startups

Angel Parn

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Seed, Angel
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Povilas Urbonas
Angel · Odense, Syddanmark, Denmark · 2 investments in Latvia Climate startups

Povilas Urbonas

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $50k–$393k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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SOSV
VC Fund · Princeton, New Jersey, United States · 2 investments in Latvia Climate startups, 75 in the past 12 months

SOSV is a global, deep tech venture capital firm that operates the HAX and IndieBio startup development programs focused on human and planetary health. SOSV invests $500,000 in startups at their inception as they onboard either HAX or IndieBio for a 4-6 month period designed to accelerate the raise of their next institutional round. SOSV joins thelater rounds of HAX and IndieBio graduates. HAX, based in a 35,000 sq ft facility in Newark, NJ, is equipped with machine tools, 3D printers, chemical, electrical and mechanical engineering labs, as well as on-staff engineering and design experts. SOSV's IndieBio has locations in NYC and San Francisco, both of which offer extensive services and facilities to founders including on-site BSL-2 labs, well equipped lab benches and hoods, and advanced lab equipment, such as chromatography equipment.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 1482
  • Lead/follow: no public data

Portfolio highlights

  • MixRift — MIXRIFT - game developers specialized in Mixed Reality
  • unspun — From 3D scan to perfect fitting custom jeans. unspun makes each pair of jeans unique to your actual body and design. On a mission to reduce global carbon emissions by 1%. As seen in Fast Company's World Changing Ideas, Time's Best Inventions, and PopSci's Best of What's New. Welcome to the future of apparel.
  • Mesa Quantum — Unlock the potential of chip-scale quantum sensing for enhanced Position, Navigation, And Timing capabilities. Explore Mesa Quantum's practical solutions.
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ZAS Ventures
VC Fund · San Francisco, California, United States · 1 investments in Latvia Climate startups

ZAS Ventures is a venture capital firm that boosts outstanding entrepreneurs from Central and Eastern Europe by building SaaS and cloud infrastructure startups.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Pre-Seed, Seed
  • Geography: United States, Ukraine, Estonia

Investor stats

  • Total investments: 17
  • Round size: Seed $150k–$1.3M; Pre-Seed $50k–$680k
  • Lead/follow: 59% lead, 41% follow

Portfolio highlights

  • Upwood — Upwood is a sustainable green investment venture that aims to revolutionize the financial services through accessible forest investment.
  • Every Health — Every Health focuses on "holistic, needs-based medical care for the LGBTQIA+ community".
  • Ranking Copilot — The world's first AI-powered software to automate legal directory submissions
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BADideas.fund
VC Fund · 1 investments in Latvia Climate startups, 11 in the past 12 months

BADideas.fund backs bold founders from the Baltics and CEE with fast, founder-friendly funding. Led by a community of unicorn builders, we support early-stage B2B and marketplace startups with global ambition.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Grant
  • Geography: Estonia, Latvia, Lithuania

Investor stats

  • Total investments: 43
  • Round size: Seed $939k–$3.6M; Pre-Seed $110k–$1.3M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Tapaya — Software infrastructure that turns any device into a payment terminal. For developers who need to ship fast without becoming payments experts.
  • ForActive — ForActive The Best App to Buy & Sell Memberships
  • Spotwise.ai — Spotwise hears every ad on TV, radio and podcasts, then puts AI agents on that data to do market research, reports, ad strategy and find new advertisers.
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BaltCap
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Latvia Climate startups

BaltCap is a private equity and venture capital investor in the Baltic states of Estonia, Latvia and Lithuania focusing investment on the growth and realization of small and medium enterprises.

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Investment focus

  • Industry: Information Technology, Software, Mobile
  • Stage:Seed, Series A, Series B
  • Geography: Latvia, Lithuania, United States

Investor stats

  • Total investments: 9
  • Round size: Seed $127k–$1.3M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • UPRENT — UPRENT is a pumping system rental provider which are accompanied with trench shoring systems and power generators. The company serves customers with effective products which enable to get the job done in the shortest time and with lowest energy costs. It guarantees a high level of customer satisfaction by maintaining a constant communication withcustomers, managing customer satisfaction measurement, identifying customer complaints and needs, and assuring appropriate service according to customer needs and requirements.UPRENT was founded on 2013 and is headquartered in Riga, Latvia.
  • TrueCare24 — Care professionals and services for home and business.
  • Nord Security — Nord Security is the leader in the field of online privacy and security. Our security tools have earned praise from respected experts and tech outlets.
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Envac Group
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Latvia Climate startups

Envac is one of the most innovative players in the global waste collection industry and inventor of the pneumatic waste collection system.

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Investment focus

  • Industry: Waste Management, Internet of Things
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • The Littery — The Littery is an environmental services company that recycles plastic pollution into e-lottery tickets.The company uses IoT and Computer vision to reframe litter into e-lottery tickets that cause an instant change of attitude due to the innate human optimism bias resulting in an immediate and lasting behavioral change. Its breakthrough idea hasthe potential to revolutionize the littering and household packaging collection markets with its superior solution by motivating citizens to keep their cities clean by themselves. Cities that partner with The Littery experience cleaner communities with less litter and happier citizens at a lower cost.The Riga, Riga-located company was founded by Michael Manniche in 2019.
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Lauri Isotamm
Angel · 1 investments in Latvia Climate startups

Lauri Isotamm

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Investment focus

  • Industry: Software, CAD, Music
  • Stage:Pre-Seed, Seed
  • Geography: Latvia, Estonia, United States

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $50k–$300k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
  • FanSifter — FanSifter is a fan data management platform that leverages machine learning to help rights holders in music, entertainment, and sports increase tickets, music, merch, experiences, and sponsorships sales.
  • Solid World — A DAO that will create new carbon projects
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Oschadbank
VC Fund · Kyiv, Kyyiv, Ukraine · 1 investments in Latvia Climate startups

Oschadbank is a financial institution that offers banking and investment services.

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Investment focus

  • Industry: Energy, Renewable Energy, Solar
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Ukraine, Latvia

Investor stats

  • Total investments: 6
  • Round size: Post-IPO Debt $11M–$77M; Debt Financing $10M–$72M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Kernel — Kernel Holding S.A. is a company incorporated under the laws of Luxembourg and has been listed on the Warsaw Stock Exchange since 23 November 2007. Kernel employs 14,075 people, primarily in farming and sunflower oil production, as well as in grain origination and logistics business owned and operated by the Company.
  • Elektryka Ukraine — Elektryka Ukraine is a Ukrainian energy company that specializes in power infrastructure development and battery energy storage system.
  • MHP Group — MHP Group is an international in food and agri-tech, producing high-quality and delicious food products that enhance the lives of consumers.
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EIT RawMaterials
VC Fund · Denver, North Carolina, United States · 1 investments in Latvia Climate startups

EIT RawMaterials provides a collaborative environment for disruptive and breakthrough innovations by connecting business with academia, research, and investment. It also invests in future generations of innovators for the raw materials sector through initiatives ranging from the education of school students to higher qualifications for industryprofessionals.

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Investment focus

  • Industry: Mining, Manufacturing, Advanced Materials
  • Stage:Grant, Seed, Pre-Seed
  • Geography: Finland, Germany, Italy

Investor stats

  • Total investments: 18
  • Round size: Seed $1.4M–$5.4M; Grant $117k–$1.7M; Pre-Seed $85k–$375k
  • Lead/follow: 56% lead, 44% follow

Portfolio highlights

  • Nanomox — Sustainable advanced materials
  • Sensmet — Sensmet was launched in 2017 spinning off from several years' research on the micro-discharge analyser technology and related application development.The Sensmet team has extensive experience in industrial R&D as well as measurement science and technology.They are currently building strategic partnerships in selected industrial sectorsto develop the first real-time multi-element water measurement applications. If you got interested and want to realise the benefits offered by the unique μDOES™ water analyser technology please contact us. Let us optimise your water process. Together.
  • Circular Materials — Scopri Circular Materials: immagina una tecnologia che tratta le acque reflue e, allo stesso tempo, recupera metalli preziosi.
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Kaspars Upmanis
Angel · 1 investments in Latvia Climate startups

Kaspars Upmanis

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Seed, Convertible Note
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Louis Paulsen
Angel · 1 investments in Latvia Climate startups

Louis Paulsen

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Angel
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Andris Bisnieks
Angel · 1 investments in Latvia Climate startups

Andris Bisnieks

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Convertible Note
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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EIT Urban Mobility
VC Fund · Barcelona, Catalonia, Spain · 1 investments in Latvia Climate startups

EIT Urban Mobility is an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union. Europe’s leading community for impact-driven start-ups and scale-ups in urban mobilityWe want to move cities toward a more sustainable future by partnering up with start-ups and scale-ups like yours. Our Impact Venturesdivision gives you access to funding and support channels to deliver financial, environmental and social impact on the urban landscapes around us. Our tools are: Funding through grants and equity investments, Knowledge and training through partner-led programmes, networking and introductions through dedicated support to our equity portfolio companiesOur investments provide you with a boost on your growth journey, and our network connects you with the right stakeholders in the public policy sector — on a regional, national and European-wide scale — to put your company on the map and bring your urban mobility services to the people who need it the most.If you’re like us and have a drive to shape the cities of our future, join our community of engaged and esteemed impactful ventures by applying for one of the many different programs we offer.

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Investment focus

  • Industry: Software, Transportation, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Spain, Sweden, France

Investor stats

  • Total investments: 56
  • Lead/follow: no public data

Portfolio highlights

  • Smart Point — We are entering the age of convenience and immediacy. A Smart Point automates the reception of any product you shop online, and any service available in your city, from pharmaceuticals, to flowers and dry cleaning. All delivered in 1 hour and available to pick up at your convenience.
  • Parabol — As Parabol, we use our innovative power for smart mobility systems and traffic safety all over the world.
  • Fastlane — Discover seamless logistics control with our cutting-edge transport management software. Streamline operations, optimize routes, and enhance efficiency effortlessly. Try our solution for comprehensive control today!
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Rein Raudjarv
Angel · 1 investments in Latvia Climate startups

Rein Raudjarv

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Angel
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Tikura Ventures
VC Fund · Rauha, Southern Finland, Finland · 1 investments in Latvia Climate startups

Pre-Seed and Seed

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Investment focus

  • Industry: CAD, FinTech, Software
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Latvia, Finland

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
  • PikaPay — Our mission is to transform as many industries to self-service to have a better service experience for everyone.
  • Maire — Maire - AI co-pilot for industry leading B2C E-commerce brands. From Industry Trends to Market Research and Search Intent Analysis
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Nauris Berzins
Angel · 1 investments in Latvia Climate startups

Nauris Berzins

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Seed, Convertible Note
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Maksim Zakurdaev
Angel · Tallinn, Harjumaa, Estonia · 1 investments in Latvia Climate startups

Maksim Zakurdaev

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Angel
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Elar Nellis
Angel · Tallinn, Harjumaa, Estonia · 1 investments in Latvia Climate startups

Elar is a full-stack engineer with 12+ years of experience. He has worked for different start-ups during his whole professional career and wouldn't change start-up life for anything. Elar was also the first employee of Estonian flagship startup Pipedrive. If he's not working then he's probably playing piano, writing music or hikingin the endless forests of Estonia.

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Investment focus

  • Industry: CAD, Battery, Consumer
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Latvia, Estonia, United States

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • VOOL — VOOL is a one-stop shop for EV Charging. Experience chargers that are reliable, save money, and look damn good. Made in Estonia.
  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
  • Corner Renovation — Volume Hiring AI Automator
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Raimond Russak
Angel · 1 investments in Latvia Climate startups

Raimond Russak

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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822 industries, 177 countries. Updated daily. Emails and phones included.

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GT Technologies
VC Fund · 1 investments in Latvia Climate startups

GT Technologies is a venture capital firm and its investments are spread across Chemicals and Materials sector.

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Investment focus

  • Industry: Energy, Manufacturing, Nanotechnology
  • Stage:Venture - Series Unknown
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Adianano — Adianano is a high-tech start-up that specializes in the manufacture of nanomaterials.Microwave synthesis has been used to generate high-quality nano-silicon and low-layered graphene, according to the business. The energy density of a Li-ion battery can be dramatically increased using this technology.It is founded in 2018 and is headquarteredin Centra Rajons, Latvia.
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Mart Kasak
Angel · 1 investments in Latvia Climate startups

Mart Kasak

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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SEB (Skandinaviska Enskilda Banken)
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Latvia Climate startups, 14 in the past 12 months

A leading Nordic financial services group guided by a strong belief that entrepreneurial minds and innovative companies are key in creating a better world.

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Investment focus

  • Industry: Energy, Oil and Gas, FinTech
  • Stage:Post-IPO Debt, Debt Financing, Series B
  • Geography: Sweden, United Kingdom, Latvia

Investor stats

  • Total investments: 60
  • Round size: Series B $9.6M–$125M; Post-IPO Debt $46M–$786M; Debt Financing $7.6M–$1.6B
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Nscale — Nscale is an AI GPU cloud platform that provides scale computing to the generative AI market. It develops AI-ready data centers, deploys GPU infrastructure, and delivers AI cloud services. Its AI private cloud platform supports the entire generative AI lifecycle, enabling developers to run and train AI models. It also provides bare metal andvirtualized GPU nodes, Kubernetes-native services (NKS), AI workload scheduling empowered by SLURM, and advanced serverless and dedicated inferencing options.
  • DHT Holdings — DHT operates as an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC, Aframax, and Suezmax segments. The company operates through Its wholly-owned management companies in Oslo, Norway, and Singapore.
  • Truecaller — Truecaller helps you identify unknown numbers, block spam calls and messages, and stay protected from fraud. Trusted by millions for smarter, safer communication.
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Andrejs Lielkalns
Angel · 1 investments in Latvia Climate startups

Andrejs Lielkalns

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Investment focus

  • Industry: Software, CAD, SaaS
  • Stage:Seed, Convertible Note
  • Geography: Latvia, Poland

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
  • INKsearch.co — INKsearch.co is a platform that allows you to book a tattoo online. We simplify and speed up the booking process.
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Maxim Zakurdaev
Angel · 1 investments in Latvia Climate startups

Maxim Zakurdaev

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Seed, Convertible Note
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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APX
VC Fund · Berlin, Berlin, Germany · 1 investments in Latvia Climate startups

APX is Europe’s leading very-early-stage VC. Based in Berlin and backed by Axel Springer and Porsche, we support and partner with the most ambitious founding teams from Europe and beyond - often as their first investor.We invest up to EUR 500K in startups until a series A starting with a quick EUR 50K investment, and within a few months,depending on traction and speed, we can invest further. Each month we invest in new teams who become part of the APX community, counting hundreds of other founders. Since 2018, we have invested in 100+ startups across 20+ industries with founders from 20+ countries together with 100+ co-investors.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Germany, United Kingdom, United States

Investor stats

  • Total investments: 207
  • Round size: Seed $1M–$5M; Pre-Seed $55k–$1.4M; Series A $2.1M–$15M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $61M in 2021

Portfolio highlights

  • VisioLab — Instantly scan products for self-checkout, using the iPad camera - no barcodes needed. Designed for speed, simplicity and human centricity.
  • Bloom — Moved to @bloomsocial
  • Track Titan — Titan Academy revolutionises how gamers improve through fully automated coaching.
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Nordic Investment Bank
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Latvia Climate startups, 35 in the past 12 months

NIB finances projects that improve competitiveness and the environment of the Nordic and Baltic countries. The Bank offers long-term loans and guarantees on competitive market terms to its clients in the private and public sectors. NIB is an international financial institution owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania,Norway and Sweden. The Bank has lending operations both in and outside its member countries. NIB acquires the funds for its lending by borrowing on the international capital markets. NIB's bonds enjoy the highest possible credit rating. NIB's vision is a prosperous and sustainable Nordic-Baltic region. NIB works towards that goal by financing projects that improve competitiveness and the environment of their member countries. Through this, NIB is living up to their promise of financing the future. NIB's core values are competence, commitment and cooperation. By providing long-term loans to its customers, NIB makes a lasting impact on the competitiveness and environment of the region. NIB is a reliable source of long-term funding for its customers. All projects are reviewed from the sustainability perspective. Therefore a NIB loan may be regarded as a quality stamp. NIB only finances specific investment projects that fulfil the Bank’s mission.

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Investment focus

  • Industry: Energy, Manufacturing, Real Estate
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Sweden, Finland, Norway

Investor stats

  • Total investments: 101
  • Round size: Post-IPO Debt $36M–$274M; Debt Financing $16M–$191M
  • Lead/follow: 88% lead, 12% follow

Portfolio highlights

  • Embla Medical — A leading global provider of innovative mobility solutions that help people live a Life Without Limitations.
  • Sindal Biogas — Sindal Biogas is currently producing green energy.
  • Rigas Satiksme — Rigas Satiksme is a public transportation and infrastructure company that provides vehicle rental, ticketing, and parking services.
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Superhero Capital
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Latvia Climate startups

Some call you founders. We call you Superheroes. Seed stage VC investing in insight-driven startups in Finland and the Baltics. Tickets 100 K€ - 1000 K€.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Finland, Lithuania, Estonia

Investor stats

  • Total investments: 97
  • Round size: Seed $212k–$2.6M; Pre-Seed $618k–$1.8M; Venture - Series Unknown $1.6M–$7.3M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2020

Portfolio highlights

  • Zadaa — For Zadaa users: continue secondhand shopping and selling on Bought, the new app from Helsinki that automates listings from your past purchases.
  • ADESANTE — SurgeryVision is a Virtual Reality solution for Surgeons. Product is intended to be used for planning surgical procedures.
  • Creagent — Find designers. Screened & shortlisted. Easy, fast and cost-effective - the smart way of sourcing with AI.
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Capitalia
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Climate startups

Capitalia, a company listed on Nasdaq Baltic stock exchange, is the leading financer for small and medium enterprises in the Baltics. As our focus is set on SME’s we are able to provide financing that serves as a supplement or as an alternative to the loans issued by commercial banks. Since the founding of Capitalia in 2007 we have issued financingto more than 1000 companies and consulted more than 100 businesses in various financial matters.

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Investment focus

  • Industry: Software, CAD, Apps
  • Stage:Seed, Debt Financing
  • Geography: Latvia, Sweden, Lithuania

Investor stats

  • Total investments: 7
  • Round size: Seed $149k–$9M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Favro — The #1 app making collaborative planning working at scale between teams for SaaS & Live Games companies. Agile team collaboration, smoother than ever.
  • Ondato — Ondato provides KYC, AML, and age verification software to automate onboarding, prevent fraud, and ensure full regulatory compliance worldwide.
  • AISPECO — AISPECO systems for aerial inspection, surveying, mapping. Tailored for airplanes, helicopters and drones. Multiple camera and LiDAR options.
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Loryn Higgins
Angel · 1 investments in Latvia Climate startups

Loryn Higgins

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Convertible Note
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Climate Investor funding in Latvia at a glance

Stats across 119 deals from 89 investors.

89
investors
in Latvia Climate startups
119
deals
in Latvia Climate startups
$260k
median round
in Latvia Climate startups
53%
lead investors
lead at least one round
29%
Seed
most common funding stage
72/28
VC / Angel
share of investor count

Access all 89 investors in Latvia Climate startups.

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