# Top 35 Climate Startup Investors in Latvia in June 2026

## Expansion Capital
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 14
- Stages: Seed, Debt Financing
- Focus: Manufacturing, Logistics, Transportation

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.

## Imprimatur Capital Fund Management
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 13
- Stages: Seed, Debt Financing
- Focus: Software, Information Technology, Apps

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.

## ZGI Capital
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 11
- Stages: Seed, Debt Financing
- Focus: Manufacturing, Machinery Manufacturing, Retail

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.

## Uldis Sipols
- Type: Angel
- Relevant deals: 4
- Stages: Seed, Angel, Pre-Seed
- Focus: CAD, Software, Simulation

Uldis Sipols

## Sverre Bisgaard
- Type: Angel
- Location: Oslo, Oslo, Norway
- Relevant deals: 3
- Stages: Pre-Seed
- Focus: CAD, Software, Simulation

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.

## The Untitled Venture Company
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Convertible Note
- Focus: SaaS, Software, Information Technology

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. 

## SEB Latvija
- Type: VC Fund
- Location: Kekava, Rigas, Latvia
- Relevant deals: 2
- Stages: Debt Financing, Grant
- Focus: Handmade, Military, Robotics

SEB Latvia provides banking services.

## KENDRIS Capital
- Type: VC Fund
- Location: Larnaca, Larnaca, Cyprus
- Relevant deals: 2
- Stages: Seed, Venture - Series Unknown
- Focus: Nanotechnology, CleanTech, Manufacturing

KENDRIS Capital provides alternative investment funds, AIFM portfolio management, AIFM risk management, AIFM marketing, distribution services, AIFM reporting services, and AIFM fund set-up, and launch support services.

## Lauris Liepa
- Type: Angel
- Relevant deals: 2
- Stages: Pre-Seed
- Focus: CAD, Software, Simulation

Lauris Liepa

## Impact Ventures Hungary
- Type: VC Fund
- Location: Budapest, Budapest, Hungary
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Agriculture, Health Care

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.

## SOSV
- Type: VC Fund
- Location: Princeton, New Jersey, United States
- Relevant deals: 2
- Stages: Seed, Convertible Note, Pre-Seed
- Focus: Biotechnology, Health Care, Software

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.

## Indrikis Liepa
- Type: Angel
- Relevant deals: 2
- Stages: Pre-Seed
- Focus: CAD, Software, Simulation

Indrikis Liepa

## FlyCap
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 2
- Stages: Seed, Debt Financing
- Focus: Health Care, Rental, Medical

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.

## Povilas Urbonas
- Type: Angel
- Location: Odense, Syddanmark, Denmark
- Relevant deals: 2
- Stages: Pre-Seed
- Focus: CAD, Software, Simulation

Povilas Urbonas

## Nicolai Torgersen
- Type: Angel
- Relevant deals: 2
- Stages: Pre-Seed
- Focus: CAD, Software, Simulation

Nicolai Torgersen

## Radix Ventures
- Type: VC Fund
- Location: Warsaw, Mazowieckie, Poland
- Relevant deals: 2
- Stages: Seed, Venture - Series Unknown, Series B
- Focus: Manufacturing, Biotechnology, Nanotechnology

Established in 2024 by experienced entrepreneurs and tech investors we are on the mission to empower deep tech innovators across Europe.

## Siena Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Convertible Note
- Focus: CAD, Banking, FinTech

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

## Elar Nellis
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, CAD, SaaS

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.

## APX
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, SaaS, Information Technology

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.

## Angel Parn
- Type: Angel
- Relevant deals: 1
- Stages: Angel
- Focus: CAD, Software, Simulation

Angel Parn

## Nordic Investment Bank
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Stages: Debt Financing, Post-IPO Debt
- Focus: Energy, Real Estate, Manufacturing

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.

## Superhero Capital
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Internet

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€.

## Capitalia
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 1
- Stages: Seed, Debt Financing
- Focus: Software, CAD, Apps

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.

## Rein Raudjarv
- Type: Angel
- Relevant deals: 1
- Stages: Angel
- Focus: CAD, Software, Simulation

Rein Raudjarv

## BaltCap
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Mobile, Information Technology, Apps

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.

## Envac Group
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Waste Management, Internet of Things

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

## Maksim Zakurdaev
- Type: Angel
- Relevant deals: 1
- Stages: Angel
- Focus: CAD, Software, Simulation

Maksim Zakurdaev

## Lev Dolgatsjov
- Type: Angel
- Relevant deals: 1
- Stages: Angel
- Focus: CAD, Software, Simulation

Lev Dolgatsjov

## Miko Malberg
- Type: Angel
- Relevant deals: 1
- Stages: Angel
- Focus: CAD, Software, Simulation

Miko Malberg

## Louis Paulsen
- Type: Angel
- Relevant deals: 1
- Stages: Angel
- Focus: CAD, Software, Simulation

Louis Paulsen

## Nikita Sergienko
- Type: Angel
- Relevant deals: 1
- Stages: Angel
- Focus: CAD, Software, Simulation

Nikita Sergienko

## BADideas.fund
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Grant
- Focus: Software, Information Technology, Artificial Intelligence

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.

## EIT Urban Mobility
- Type: VC Fund
- Location: Barcelona, Catalonia, Spain
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Transportation, Information Technology

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.

## Lauri Isotamm
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Software, CAD, Music

Lauri Isotamm

## ASP Asset Management
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Information Technology, Industrial Manufacturing

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

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