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Top 15 Energy VC Funds & Investors in Latvia (August 2026)

The most active venture capital funds investing in Latvia Energy startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Latvia Energy startup companies. Find investors to raise a Pre-Seed, Seed or Debt Financing round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
The Untitled Venture Company
VC Fund
5 United States, Russian Federation, Latvia Seed, Pre-Seed, Convertible Note Software, SaaS, Information Technology $100k–$1.6M
Impact Ventures Hungary
VC Fund
2 Hungary, Spain, Italy Seed, Pre-Seed Software, Agriculture, Health Care $878k–$4.6M
SOSV
VC Fund
2 United States, India, United Kingdom Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software
Radix Ventures
VC Fund
1 Poland, Latvia, Ukraine Seed, Venture - Series Unknown, Series B Manufacturing, Biotechnology, Nanotechnology $2.6M–$8.5M
KENDRIS Capital
VC Fund
1 Latvia Seed, Venture - Series Unknown Nanotechnology, CleanTech, Manufacturing
Imprimatur Capital Fund Management
VC Fund
1 Latvia, United States, United Kingdom Seed, Debt Financing Software, Information Technology, Apps $63k–$549k
Change Ventures
VC Fund
1 Estonia, Latvia, Lithuania Seed, Pre-Seed, Series A Software, Information Technology, Apps $273k–$39M
ZGI Capital
VC Fund
1 Latvia, Estonia, United Kingdom Seed, Debt Financing Manufacturing, Consulting, Construction $55k–$981k
Oschadbank
VC Fund
1 Ukraine, Latvia Debt Financing, Post-IPO Debt Energy, Renewable Energy, Solar $10M–$77M
Expansion Capital
VC Fund
1 Latvia, United States, Norway Seed, Debt Financing Manufacturing, Software, Logistics $125k–$2.4M
SEB Latvija
VC Fund
1 Latvia Grant, Debt Financing Sports, Handmade, Military $6.6k–$155M
ZAS Ventures
VC Fund
1 United States, Ukraine, Estonia Pre-Seed, Seed Software, Information Technology, Health Care $50k–$1.3M
Nordic Investment Bank
VC Fund
1 Sweden, Finland, Norway Debt Financing, Post-IPO Debt Energy, Manufacturing, Real Estate $16M–$274M
ASP Asset Management
VC Fund
1 Latvia Pre-Seed Information Technology, Industrial Manufacturing
EIT Urban Mobility
VC Fund
1 Spain, Sweden, France Seed, Pre-Seed, Series A Software, Transportation, Information Technology
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Investor list

The Untitled Venture Company
VC Fund · San Francisco, California, United States · 5 investments in Latvia Energy 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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Impact Ventures Hungary
VC Fund · Budapest, Budapest, Hungary · 2 investments in Latvia Energy 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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SOSV
VC Fund · Princeton, New Jersey, United States · 2 investments in Latvia Energy 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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Radix Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 1 investments in Latvia Energy 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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KENDRIS Capital
VC Fund · Larnaca, Larnaca, Cyprus · 1 investments in Latvia Energy 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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Imprimatur Capital Fund Management
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Energy 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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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Latvia Energy startups

We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.

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Investment focus

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

Investor stats

  • Total investments: 65
  • Round size: Seed $500k–$4.2M; Pre-Seed $273k–$2.2M; Series A $1M–$39M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • BirdyChat — A modern work chat app for professionals. Start conversations with anyone using their work email. Collaborate and grow your network.
  • Giraffe360 — Giraffe360 is game-changing subscription product for real estate companies to streamline professional quality photography and high accuracy floor plan creation.
  • Saltz — Premium ingredients for your menu with no hidden delivery fees or markups.
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ZGI Capital
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Energy 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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Oschadbank
VC Fund · Kyiv, Kyyiv, Ukraine · 1 investments in Latvia Energy 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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Expansion Capital
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Energy 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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822 industries, 177 countries. Updated daily. Emails and phones included.

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SEB Latvija
VC Fund · Kekava, Rigas, Latvia · 1 investments in Latvia Energy 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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ZAS Ventures
VC Fund · San Francisco, California, United States · 1 investments in Latvia Energy 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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Nordic Investment Bank
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Latvia Energy 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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ASP Asset Management
VC Fund · 1 investments in Latvia Energy 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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EIT Urban Mobility
VC Fund · Barcelona, Catalonia, Spain · 1 investments in Latvia Energy 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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Energy VC funding in Latvia at a glance

Stats across 34 deals from 35 investors.

35
investors
in Latvia Energy startups
34
deals
in Latvia Energy startups
$675k
median round
in Latvia Energy startups
66%
lead investors
lead at least one round
29%
Seed
most common funding stage

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