Top 10 Energy VC Funds &amp; Investors in Latvia (June 2026)

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.

Investment focus

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

Investor stats

Total investments: 23
Round size: Seed $125k–$1.6M; Pre-Seed $150k–$600k; Convertible Note $100k–$790k
Lead/follow: 35% lead, 65% follow
Last fund: Likely still investing — 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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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.

Investment focus

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

Investor stats

Total investments: 17
Round size: Seed $878k–$4.6M
Lead/follow: 41% lead, 59% follow

Portfolio highlights

Hedepy — Online therapy works. Research has proven that what matters is the conversation, not where the conversation happens.
Naco — Our mission is development of top quality solutions based on new materials and exceptionally innovative coating technologies for climate neutrality and sustainable products.
Envision — Envision is a smartphone and smartglasses app that empowers blind and low vision users to be independent by speaking out the visual world around them.

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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.

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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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.

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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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.

Investment focus

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

Investor stats

Total investments: 29
Round size: Seed $55k–$2.9M
Lead/follow: 38% lead, 62% follow
Last fund: May invest from a new fund soon — raised $18M in 2013

Portfolio highlights

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!).
Purified — Purified is a nutritional supplement supplier.. It offers black chocolate produced by the best doctors in collaboration with scientists.
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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ZGI Capital is the fund management company that manages "ZGI fund”, that was founded to support entrepreneurs lacking start-up capital for their business. The total amount of assets available for venture capital investments is of EUR 7.4M. Combined with bank financing, this will allow to finance investment projects with total assets of up toEUR 30M. The fund acts on behalf of various investors including the State.

Investment focus

Industry: Manufacturing, Machinery Manufacturing, Retail
Stage:Seed, Debt Financing
Geography: Latvia, Estonia

Investor stats

Total investments: 25
Round size: Seed $55k–$896k; Debt Financing $110k–$981k
Lead/follow: 92% lead, 8% follow
Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

eAgronom — We enable companies to achieve their sustainability goals while supporting farmers in generating additional revenue, improving soil quality, and accessing better financing.
KOOL Latvija — "KOOL Latvija" is a new concept gas station created in Latvia, which at the same time is also a convenient fast shopping place.
Bioreactors.net — Biotechnical center is an innovative company and we provide solutions for industrial biotechnology processes, bioreactor manufacturing and industrial automation. We manufacture bioreactors for laboratory, pilot and industrial scale.

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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.

Investment focus

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

Investor stats

Total investments: 40
Round size: Seed $200k–$713k; Debt Financing $125k–$246k
Lead/follow: 80% lead, 20% 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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We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.

Investment focus

Industry: Software, Information Technology, Apps
Stage:Seed, Pre-Seed, Series A
Geography: Estonia, Latvia, Lithuania

Investor stats

Total investments: 64
Round size: Seed $500k–$4.5M; Pre-Seed $273k–$2.2M; Series A $1M–$33M
Lead/follow: 55% lead, 45% follow
Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

Eurora — Eurora develops an e-commerce suite of customs compliance tools.
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.
RecruitLab — Teamdash's built-in recruitment, applicant tracking, and marketing features give you the focus you need to achieve the impossible. Here's how.

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

Investment focus

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

Investor stats

Total investments: 5
Round size: Seed $2.6M–$7.7M
Lead/follow: 80% lead, 20% follow

Portfolio highlights

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
Proteine Resources — We want to revolutionize the feed and food market, build robotic factories, process bio-waste in high-quality protein, fat and fertilizer insects.
Fluence.technology — Fluence is an ultrafast fiber laser manufacturer, with the unique all-fiber technology that ensures unprecedented stability of their femtosecond lasers.

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