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Top 10 Community VC Funds & Investors in Latvia (November 2026)

The most active venture capital funds investing in Latvia Community startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Latvia Community startup companies. Find investors to raise a Seed, Debt Financing or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Imprimatur Capital Fund Management
VC Fund
3 Latvia, United States, United Kingdom Seed, Debt Financing, Venture - Series Unknown Software, Information Technology, Apps $55k–$1.3M
FlyCap
VC Fund
2 Latvia, Estonia, The Netherlands Venture - Series Unknown, Seed, Debt Financing Health Care, Rental, Medical $55k–$2.9M
Expansion Capital
VC Fund
2 Latvia, United States, Norway Seed, Venture - Series Unknown, Debt Financing Manufacturing, Software, Logistics $100k–$2.4M
ZGI Capital
VC Fund
2 Latvia, Estonia, United Kingdom Seed, Venture - Series Unknown Manufacturing, Machinery Manufacturing, Consulting $55k–$1.6M
Luminor Latvija
VC Fund
1 Latvia Debt Financing Baby, Retail, Children $1.1M–$155M
Larix
VC Fund
1 Russian Federation, Germany, Kenya Seed, Pre-Seed, Series A Transportation, Logistics, Automotive $600k–$2.2M
Balaclava Lab
VC Fund
1 Latvia, United States Seed, Venture - Series Unknown Software, Dating, Social
Seedcamp
VC Fund
1 United Kingdom, United States, France Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $469k–$30M
Caucasus Ventures
VC Fund
1 United States, Estonia, Georgia Seed, Pre-Seed, Series B Artificial Intelligence, Software, SaaS $50k–$2.5M
Luminor Bank
VC Fund
1 Latvia, Italy Debt Financing Wood Processing, Baby, Sales $988k–$8.7M
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Investor list

Imprimatur Capital Fund Management
VC Fund · Riga, Riga, Latvia · 3 investments in Latvia Community 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 in Latvia, 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, Venture - Series Unknown
  • Geography: Latvia, United States, United Kingdom

Investor stats

  • Total investments: 83
  • Round size: Seed $125k–$690k; Debt Financing $55k–$69k; Venture - Series Unknown $57k–$1.3M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — raised $12M 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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FlyCap
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia Community 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:Venture - Series Unknown, Seed, Debt Financing
  • Geography: Latvia, Estonia, The Netherlands

Investor stats

  • Total investments: 30
  • Round size: Seed $55k–$2.9M; Debt Financing $330k–$2.2M; Venture - Series Unknown $265k–$2.7M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — raised $21M 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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Expansion Capital
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia Community 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, Venture - Series Unknown, Debt Financing
  • Geography: Latvia, United States, Norway

Investor stats

  • Total investments: 42
  • Round size: Seed $132k–$2.4M; Debt Financing $113k–$223k; Venture - Series Unknown $100k–$1.6M
  • Lead/follow: 79% lead, 21% follow

Portfolio highlights

  • Flirtu — Dating in Telegram
  • FIS.solutions — Loan Management System | Loan Servicing Software | Lending Software. Instalment loans, mortgages, car leasing & rentals, credit line, business loans, factoring
  • Willow Wealth — Willow Wealth is an alternative investment platform focused on generating income streams for investors. Get exclusive access to private market investments.
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ZGI Capital
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia Community 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 to EUR 30M. The fund acts on behalf of various investors including the State.

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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 Latvija
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Community startups, 8 in the past 12 months

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.

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Investment focus

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

Investor stats

  • Total investments: 8
  • Round size: Debt Financing $1.1M–$155M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • SIA SMA — SIA SMA is a contemporary and rapidly expanding construction company committed to providing high-quality standards to large infrastructure projects. The company specializes in full-cycle project execution, employing its own dedicated team and specialized equipment to keep rigorous control over quality and timeframes.
  • Livonia Print — Livonia Print specializes in pre-press, binding solutions, finishing, digital production, delivery, and commercial printing services.
  • Mūsa Mežciems — Mūsa Mežciems is a automotive dealership & mobility-solutions company, It sells new & used passenger vehicles, provides servicing.
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Larix
VC Fund · Berlin, Berlin, Germany · 1 investments in Latvia Community startups

LARIX is a fund created by entrepreneurs for entrepreneurs and aims to align itself with the most active founders globally who believe in digital transformation and want to take action to capture this value.

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Investment focus

  • Industry: Transportation, Logistics, Automotive
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Russian Federation, Germany, Kenya

Investor stats

  • Total investments: 11
  • Round size: Seed $600k–$2.2M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • FOODZA — Foodza is a B2B food-distribution platform that connects farmers, food producers and importers directly with Retail and HoReCa businesses across CIS region. We are creating an innovative technology-driven logistics platform that enables on-demand harvesting of vegetables, fruits and also meat and dairy production. Foodza provides mobile-app andweb-based interfaces that help farmers interact directly with retailers in a fast and easy way, and we also manage "door-to-door" logistics and fulfillment solutions inspired by the on-demand power of internet applications. Our mission is to remove all middlemen in the food supply industry, return farmers higher income and provide retailers with higher quality fresh produce.
  • Tnomer — Tnomer is a home renovation service provider. The company offers ready-made repair solutions. It also carries out architectural and technical supervision in the process and at the end of the work.
  • Car Next Door — Hire a car, van or ute from our community of local car owners, or rent out your car and make extra money. Peer-to-peer car share in Sydney, Melbourne, Newcastle.
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Balaclava Lab
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Community startups

Balaclava Lab is a venture capital firm that invests in start-up companies that operates in the internet technology sector. Mark Terebin established the firm in Riga, Riga in 2015.

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Investment focus

  • Industry: Software, Dating, Social
  • Stage:Seed, Venture - Series Unknown
  • Geography: Latvia, United States

Investor stats

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

Portfolio highlights

  • mint.me — Mint is pitched as a location-based mobile dating app that helps you meet with people nearby. Its modus operandi is similar to Tinder but with one exception: users don’t need a mutual match to start messaging. Instead, the app allows for a more traditional free-for-all.
  • Arbitrum — Arbitrum is a commercial content moderation company that provides the best solution of user generated image, video, and text content moderation which combines automation and human resources.
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Seedcamp
VC Fund · London, England, United Kingdom · 1 investments in Latvia Community startups, 41 in the past 12 months

By Your Side from Day One

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, United States, France

Investor stats

  • Total investments: 668
  • Round size: Seed $469k–$8M; Pre-Seed $588k–$3.5M; Series A $5M–$30M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely actively investing — fresh fund, raised $220M in 2026

Portfolio highlights

  • i23 — i23 is an insurtech startup that builds an artificial intelligence platform to automate administrative workflows for commercial insurance brokers.
  • Solvera AI — Solvera is an AI-native engineering firm on a mission to unleash the potential of every building engineer with AI. It develops advanced proprietary AI systems to help design better buildings, significantly faster, establishing a brand-new standard for MEP engineering.
  • Vessla — Vessla is the agentic OS for property operations, where agents and people run work together across the portfolio.
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Caucasus Ventures
VC Fund · Baku, Baki, Azerbaijan · 1 investments in Latvia Community startups

Caucasus Ventures is a venture capital firm.

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Investment focus

  • Industry: Artificial Intelligence, Software, SaaS
  • Stage:Seed, Pre-Seed, Series B
  • Geography: United States, Estonia, Georgia

Investor stats

  • Total investments: 41
  • Round size: Seed $106k–$1.9M; Pre-Seed $50k–$2.5M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • youzu — Youzu.ai is an AI-powered platform that transforms interior spaces through computer vision. Users upload room photos to receive instant design visualizations and matching furniture recommendations from major retailers. The platform bridges the gap between interior design inspiration and actual purchasing.
  • Replenit — Transform your repeat purchase revenue with Replenit's AI Decision Engine. Predict exactly when customers need to reorder based on individual consumption patterns, not generic timing rules.
  • Fromfolio — Fromfolio offers an online platform for creating, managing, and sharing professional portfolios to showcase work, projects, and skills.
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Luminor Bank
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Latvia Community startups, 6 in the past 12 months

Luminor Bank offers a range of financial products including the Luminor Black card, consumer loans, housing loans with lower interest rates for energy-efficient homes, and free debit cards for kids and youngsters aged 6 to 21. New customers can enjoy the Luminor Black card package free for the first two months. Additionally, they provide services like easy remote onboarding and access to partner discounts through the Luminor Plus Club. The bank also promotes its II Pillar Pension Funds for savings and retirement planning .

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Investment focus

  • Industry: Wood Processing, Baby, Sales
  • Stage:Debt Financing
  • Geography: Latvia, Italy

Investor stats

  • Total investments: 7
  • Round size: Debt Financing $988k–$8.7M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • LIVO Mežs — LIVO Mežs is a forestry company specialising in logging, timber preparation, trading and exports.
  • RĒZEKNES MEŽS — RĒZEKNES MEŽS is a commercial woodworking and forestry enterprise that specializes in procurement and manufacturing. The company purchases birch logs, standing timber, and harvesting rights directly from forest owners. It processes these raw materials to manufacture birch sawn timber and wood products. Additionally, it operates log loading and transportation infrastructure to facilitate the mass export of processed timber to international markets.
  • Rēzeknes Siltumtīkli — SIA Rēzeknes siltumtīkli is a municipal utility company that manages centralized district heating systems. The enterprise produces thermal energy using various fuel sources to supply hot water and space heating. It maintains and modernizes localized pipeline networks to transport and distribute heat energy directly to residential buildings, public institutions, and commercial customers. Additionally, the company handles the technical installation of new district heating connections and implements remote telemetry systems for automated consumption metering.
Show all investments...

Community VC funding in Latvia at a glance

Stats across 14 deals from 11 investors.

11
investors
in Latvia Community startups
14
deals
in Latvia Community startups
$187k
median round
in Latvia Community startups
73%
lead investors
lead at least one round
43%
Seed
most common funding stage

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