Top 50 Enterprise Startup Investors in Latvia in October 2024
A list of 50 angel investors and VC (Venture Capital) funds that invest in Enterprise startups based in Latvia. We rank investors based on the number of investments they made in Enterprise companies from Latvia. We update this investor list every month.Top 50 Enterprise Startup Investors in Latvia in October 2024
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
- Manufacturing, Machinery Manufacturing, Consulting
- Funding Round, Seed, Debt Financing
- Latvia, Estonia
Portfolio highlights
- eAgronom — eAgronom helps farmers generate additional revenue streams, improve soil quality, and access 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.
Uldis Sipols
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Investment focus
- CAD, Software, Simulation
- Seed, Angel, Pre-Seed
- Latvia
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
NNV is a seed stage VC fund. We invest in B2B startups from CEE and CIS region and help them to expand internationally
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Investment focus
- Software, Artificial Intelligence, Information Technology
- Pre-Seed, Seed, Funding Round
- Latvia, Estonia, Georgia
Portfolio highlights
- OHMYSYNT — AI-powered tool for businesses and creators, that alters videos in seconds using text prompts.
- DrugCards — Local literature screening will be under control with DrugCard. It's: continuous, regular, transparent, multi-language, and cost-effective.
- Rapid Delivery Analytics — RDA: Unlock data-driven insights for mobile-first grocery and convenience delivery. Monitor stock availability, market shares, search performance, and more in real-time.
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
- Health Care, Consumer Goods, Medical
- Funding Round, Seed, Debt Financing
- Latvia, Estonia, The Netherlands
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 car sharing business Elmo Rent we wanted to serve maximum customers with minimum resources, so we created remote control technology to deliver vehicles.
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
- CAD, Software, Simulation
- Pre-Seed
- Latvia
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
The European Regional Development Fund (ERDF) aims to improve the European Union's economic, social, and territorial cohesion by resolving imbalances across its various regions. ERDF funds initiatives for which the European Commission and national and regional governments in member countries share responsibility. Each member state'sgovernment decides which initiatives to support and is responsible for their continued supervision.
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Investment focus
- Software, Information Technology, Artificial Intelligence
- Grant, Funding Round, Pre-Seed
- United Kingdom, Germany, France
Portfolio highlights
- Losanje — Losanje has a brand and an upcycling workshop that gives second-hand and unsold completed apparel and textiles a second life. Its goal is to create an innovative manufacturing chain that will allow for the first time the industrialization of upcycling, as well as to implement the most credible solution, both ecologically and economically.
- PulmoBiomed — Pulmobiomed has developed a best-in-class exhaled breath condensate device, capable of capturing Covid-19 particles in as little as 5 seconds. Pulmobiomed a biotechnology company is working with industry leaders in integrating their diagnostic capabilities into our PBM-Hale device. Pulmobiomed techn
- Knock Technology — The world's simplest video chat app: Improves mental health and boosts innovation. It's a secure, cost effective and peer-to-peer telecoms solution for everyone.
Nicolai Torgersen
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Investment focus
- CAD, Software, Simulation
- Pre-Seed
- Latvia
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
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
- Software, Transportation, Information Technology
- Seed, Pre-Seed, Series A
- Spain, Sweden, France
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!
Povilas Urbonas
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Investment focus
- CAD, Software, Simulation
- Pre-Seed
- Latvia
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
Lauris Liepa
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Investment focus
- CAD, Software, Simulation
- Pre-Seed
- Latvia
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
Indrikis Liepa
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Investment focus
- CAD, Software, Simulation
- Pre-Seed
- Latvia
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
AngelsBAND - business-angels in Belarus, support for startups with brainy funding
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Investment focus
- Beauty, Computer Vision, Professional Services
- Seed, Pre-Seed, Angel
- Latvia, United States, United Kingdom
Portfolio highlights
- ZENOO — ZENOO is a personalized RAW food & wellness product service for your pets well-being in a convenient way.
- CopyMonkey.AI — AI for Amazon Listing Optimization. Generate Amazon Descriptions and Bullet Points with keywords. Create your first Optimized Amazon Listing for free.
- Zenoo — Whether building from ground up or improving your current onboarding journey, Zenoo is the provider of choice for startups to global institutions.
Ratmir Timashev possesses a rare combination of proven business savvy, forward-looking technical knowledge and market vision. Ratmir brings to bear more than 20 years of entrepreneurial experience building, advising and investing in successful technology companies. As Veeam Software’s Co-Founder and Senior Vice President, Marketing and CorporateDevelopment Mr. Timashev is responsible for strategy and process execution on acquisitions and investments to expand Veeam’s total addressable market (TAM) as well as to build and lead the Veeam Global Marketing Organization in executing the marketing plan and strategy.In 1997, he founded Aelita Software, provider of award-winning Windows Server systems management software. In 2004, Aelita was acquired by Quest Software, and after ensuring the successful continuation of Aelita’s products and strategy at Quest, Ratmir founded Veeam Software to provide similar systems management solutions for modern virtualized data center infrastructures. Over the last decade, Ratmir’s vision and drive has seen Veeam to become one of the largest private software companies in the world with revenue booking projected to reach $1 Biillon in 2018 and 3,000 employees worldwide. Veeam has become the leader and the innovative provider of data management and protection by creating a new market category of Availability for the Always-On Enterprise.Ratmir earned a master’s degree in Chemical Physics from the Ohio State University in 1995. He continues to share his knowledge and ideas to fuel innovative IT solutions around the world.
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Investment focus
- Enterprise Software, Software, Information Technology
- Seed, Series A, Funding Round
- United States, Latvia
Portfolio highlights
- Acure.io — Easy quality control of digital services, interfaces and customer experience (UX). Improved performance and reliability of digital services. Reduced Mean Time to Restoration and root cause analysis. Reduced human factor and manual labor.
- Revenue Grid — Revenue Grid is a revenue intelligence platform that helps improve sales performance and shifts your CRM from the "view mode" to the "do mode"
- 5nine Software — Acronis Cloud Manager provides advanced monitoring, management, migration, and recover for Microsoft Cloud environments of all shapes and sizes.
Angel Parn
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Investment focus
- CAD, Software, Simulation
- Angel
- Latvia
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
GITA Agency participates in the private and public sector knowledge, innovation and commercialization of research results and promote innovative entrepreneurship. One of the important directions of the formation of information society projects and programs necessary for the management and coordination of the implementation of the uniform policy.
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Investment focus
- SaaS, Hardware, Software
- Seed, Pre-Seed
- Latvia, Georgia
Portfolio highlights
- STYX — Our company makes technology and network (that was previously available only for big companies) accessible for small and medium-sized companies that have logistic needs in their everyday work. With this one solution for ground logistics that includes staff, fleet, warehouse, and marketplace management system using a video game interface, makescomplicated things easier to understand and operate.
- VOOVOO — VOOVOO is a cutting-edge service designed for commercial fleets to prevent speeding and aggressive driving in real-time, using in-house developed Safe-Driving Technology - VOOBOX. By proactively avoiding potential problems, VOOVOO enhances transportation safety and minimizes operational costs.Today, approximately 360 million commercial vehiclesare involved in daily economic activities worldwide. We focus on making our technology available to global commerce, starting from Europe and the US. Our business model's main advantages are simplicity of technology integration, easy distribution, and low costs, enabling us to expand rapidly.Our technology has been developed according to UN international standards, with support from the European Institute of Innovation and Technology (EIT Urban Mobility), Georgias Innovation and Technologies Agency (GITA), Promwad - an electrical engineering company, Testups - Test and certification company, and other international organizations. We have conducted all necessary lab and field tests, so our hardware is now under the certificate, allowing us to sell it in 58 countries.Our five-year industry background, established international relationships, technological market trends, and highly qualified management team provide a solid guarantee for the sustainable growth of our project. We forecast earning up to €36M in 5 years with around €20M net profit.From the ongoing SEED round of €500k, €435k is left to be raised. €65K is a contribution to the round from CONNECTOLOGY and EIT Urban Mobility. This investment gives us 18 months runway, enough to meet European standards with a certified product, start supplying reseller partners, onboard about 8 000 cars, and generate €2M+.Feel free to book a call to discuss partnership opportunities: https://calendly.com/voovoo/30min
Point Nine Capital is a Berlin-based venture capital firm focused exclusively on early-stage Internet investments in areas like Software-as-a-Service (SaaS), online marketplaces, and mobile.The fund and its managers, Pawel Chudzinski and Christoph Janz have backed a number of highly successful Internet companies such as Delivery Hero, Clio,Shiftplanning, Vend, Typeform, and Zendesk from their earliest stages.
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Investment focus
- Software, SaaS, Internet
- Seed, Series A, Series B
- Germany, United States, France
Portfolio highlights
- Attio — Unlock your team's true potential with Attio, the data-driven CRM for modern teams. Manage everything from sales leads through to recruitment pipelines.
- FLOAT — Float is a product lab that focuses on developing design-led software for the technology sector. The company focuses on producing innovative software products.
- Tengo — Tengo is a SaaS platform that helps businesses win more public tenders and design to simplify and centralize the entire tendering process.
Lauri Isotamm
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Investment focus
- Software, CAD, Music
- Pre-Seed
- Latvia, United States
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.
Siena is a VC firm mainly investing in startups in Estonia and California
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Investment focus
- CAD, Banking, FinTech
- Seed, Pre-Seed, Convertible Note
- Estonia, Latvia
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
- Tuum — Our cloud-native API-first core banking platform enables any business to rapidly offer seamless, tailored financial services to their customers.
- Teamscope — Understand what drives your team's performance, make exceptional hiring decisions, and unlock the full potential of your team.
Swedbank AB (formerly Föreningssparbanken) is a Nordic-Baltic banking group offering retail banking, asset management, financial, and other services.Swedbank is a modern bank firmly rooted in Swedish savings bank history.
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Investment focus
- Banking, Real Estate, FinTech
- Funding Round, Post-IPO Debt, Debt Financing
- Sweden, Latvia, Finland
Portfolio highlights
- Yabie — Yabie's Payment and POS systems take the effort out of selling. It's the most intuitive, hassle-free and mobile way of interacting with your customers and making a sale.
- Inbank AS — Inbank is a consumer finance-focused digital bank with an EU credit institution license, active in seven countries.
- Kojamo Group — Kojamo plc will focus on real estate investments in Finland, renewing rental housing to make it increasingly attractive by developing new types of homes and services. The solutions promote work-related mobility in urbanising Finland, increase well-being and help preserve the environment. The vision of the housing investment company is to be apioneer in housing and the customer’s number-one choice.
Richard Frank
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Investment focus
- iOS, Apps, VoIP
- Seed
- Latvia
Portfolio highlights
- Roamer — Roamer is the first mobile app that links your regular mobile number to a foreign SIM and saves up to 97% on roaming charges for calls and data. It keeps your usual number when traveling abroad and uses cellular, not WiFi.
Louis Paulsen
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Investment focus
- CAD, Software, Simulation
- Angel
- Latvia
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
Lev Dolgatsjov
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Investment focus
- CAD, Software, Simulation
- Angel
- Latvia
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
Miko Malberg
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Investment focus
- CAD, Software, Simulation
- Angel
- Latvia
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
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
- Software, Apps, Mobile Apps
- Seed, Pre-Seed, Series A
- Estonia, United States, Lithuania
Portfolio highlights
- AM Craft — AM Craft designs, manufactures, and delivers 3D-printed, small-batch airplane interior components.
- RivalSense — Monitor competitors of your startup. Receive curated weekly updates.
- Inspectle Food — Automized Food hygiene inspections with Inspectle Food. Compatible with GFSI standards (BRC, IFS, FSSC) - Track and assign non-conformities, Automatic reporting, statistics and notifications.
The first, indelible impression that most visitors get of the Latvian capital is its majestic skyline, as viewed from the left bank of the Daugava River. The slender Gothic spires of the Old Town’s many churches attest to the city’s long history, which stretches back to the 13th century. The panorama’s pleasing harmony is just the most visibleindication of the superb aesthetic sense that has shaped much of the city’s architecture up to the present day.Nowhere is that aesthetic more pronounced than in Centrs, the central part of Riga, which is the city’s economic, financial, and cultural core, as well as a UNESCO- designated World Heritage Site. One will find a breathtaking range of architectural styles in the historic centre – from Baroque to Classicism, from Renaissance to Art Deco, from Romanesque to NationalRomanticism. Furthermore, Riga’s wealth of Jugendstil or Art Nouveau buildings, complete with their fantastically ornate flourishes, stands out as unparalleled anywhere in the world. Yet equally unique are the many 19th century wooden buildings that have proudly withstood the pressures of commercialization and gentrification, retaining their place in Riga’s architectural cornucopia and currently undergoing state- of-the-art facelifts.But Riga is much more than just its history. Proud of its heritage, it is a thoroughly modern city with a highly developed infrastructure and opportunities for a variety of activities and entertainment. A city with rich musical traditions, today it boasts an excellent opera, several world- class choirs and outstanding classical orchestras, not to mention jazz, rock, and Riga’s skyline blues ensembles, plus a variety of other popular music bands performing in both concert halls and clubs.At the vanguard of dramatic art not only locally but on the European scale, the New Riga Theatre has much to offer to locals and visitors alike. Riga’s museums are definitely not dusty repositories of the past, but are instead putting an increasing emphasis on interactive displays and modern technologies, while the many art galleries compete with each other in trying to predict the trends of the future. Add to that the varied shopping venues and myriad cafés, restaurants, bars, and nightclubs, and you get Riga in all its lively variety.What has always been central to the energy of the city, however, is its people. Located by an important waterway, the Daugava River, which connects the city to the Gulf of Riga and the Baltic Sea and thus to far-off lands, Riga has always been a transportation hub and a crossroads, where different cultures meet and intersect. Among its more than 700 000 inhabitants there are Latvians, Russians, Belarusians, Ukrainians, Poles, Jews, and other ethnic groups. All have left and are still leaving their mark on the customs, cuisine, and the very appearance of Riga. While the city’s relatively compact, urban space is ethnically mixed, it features many distinct neighborhoods, each with its own unique history and landmarks.Among Riga’s many treasures are its beautiful, well-tended gardens and parks, which occupies a substantial portion of the city’s territory. In fact, there are several good-sized forests within the city limits, where the locals love to take Sunday strolls, jog, watch birds, pick mushrooms in the autumn, and go skiing in the winter. In the spring, when the city’s many orchards are in bloom, white petals can be seen drifting through the air; then come the purples and pinks of lilacs, which are particularly spectacular along the crooked, dreamy side-streets of Pārdaugava, on the left bank of the river, to be followed in late June by the pale honey of blossoming lindens that line Riga’s stately boulevards.
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Investment focus
- IT Management, Artificial Intelligence
- Seed
- Latvia
Portfolio highlights
- Startup House Riga — Startup House is a community that unites entrepreneurs, investors, and other stakeholders, rather than merely a physical location. Our goal is to make this place feel like a second home for investors and founders one that inspires, motivates, and feels cozy.
Rein Raudjarv
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Investment focus
- CAD, Software, Simulation
- Angel
- Latvia
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
Amazon Web Services provides information technology infrastructure services to businesses in the form of web services. Its products and solutions include cloud computing, compute, networking, storage and content delivery, databases, analytics, application services, deployment and management, mobile services, applications, AWS marketplace software,startups, enterprises, partners, government and education, websites and web applications, big data and HPC, gaming, and digital media as well as backup, storage, and archive. The company also provides AWS management console, documentation, SDKs and tools, downloads, platforms, Java, JavaScript, mobile, PHP, Ruby, Python, Windows, .NET, resources, forums, tutorials and articles, whitepapers, training and certification, and AWS user groups for developers. In addition, it offers compute, storage, database, analytics, application, and deployment services; and mobile services, websites, and backup and recovery services. Amazon Web Services serves the government, education, and non-profit sectors in North America, South America, Europe, Africa, Asia Pacific, and internationally. Amazon Web Services was founded in 2006 and is based in Seattle, Washington. It has data center locations in the United States, Europe, Brazil, Singapore, Japan, and Australia. It operates as a subsidiary of Amazon.com Inc.
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Investment focus
- Software, Information Technology, Artificial Intelligence
- Grant, Funding Round, Pre-Seed
- United States, Lebanon, United Kingdom
Portfolio highlights
- VeraNet — VeraNet builds AI platforms that automate decision-making, providing businesses with data-driven recommendations.
- EvolutionaryScale — ESM3. Enabling scientists to understand, imagine, and create proteins.
- Bonumbit — Bonumbitt aims to enhance security, transparency, and efficiency in online transactions. The company offers advanced features such as smart contracts, a decentralized review system, and AI-driven analytics to provide personalized shopping experiences. The company's commitment to cutting-edge technology and strategic partnerships positions itas a leader in the evolving e-commerce landscape. With its upcoming token launch on major cryptocurrency exchanges, BBT is set to drive significant growth and redefine the future of online commerce.
Smartup Ventures is a venture capital, a company that creates value by helping businesses grow faster. We create ventures by joining forces with everyone who shares our values and ambitions. By building strong partnerships with entrepreneurs, talents, business developers, angel investors, and venture investors.
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Investment focus
- Information Technology, E-Commerce, CRM
- Seed, Series A, Series B
- Iran, Latvia, United Arab Emirates
Portfolio highlights
- Landin — With landin, you can easily create your landing pages And convert click to customers
- Vindad — We help Businesses manage their legal needs by providing access to everything they need to start and run their business, including blogs and legal guides, over 50 legal and commercial documents. Vanda Legal forms are common business legal documents that range from Investment, trademark, incorporation, NDAs, and Human resources. There is simplestep-by-step instructions help businesses customize documents for their specific needs. And to be sure it's done right; they can have their document reviewed by an attorney from our hand-picked network.
- Salam Sakhteman — A platform that connects home-owners and builders to qualified service professionals such as painters, carpenters, electricians, etc.
Baltic Tech Ventures is the only publicly traded VC fund with an angel group focused on seed and early stage investment in the Baltic region. Investors can get involved with BTV in two ways: gaining exposure to the entire BTV portfolio by buying shares (NASDAQ:BTE1R) or by direct angel investment into one or more BTV portfolio companies. BTVangel investors benefit from the ability to invest directly into the Baltics' most promising startups on the same terms as the smartest money in the region. Unlike with other VC opportunities, BTV investors can select the companies they invest in, with low investment minimums, no management or success fees, and no lockup. BTV startups are fully vetted by BTV. BTV financials are fully audited, with regulatory oversight under Nasdaq.
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Investment focus
- Software, Information Technology, Apps
- Seed, Pre-Seed
- Latvia, Lithuania
Portfolio highlights
- asya.ai — We use computer vision, biometrics, deep learning, and a lot of data, to analyze human emotional experiences.
- VOOVOO — VOOVOO is a cutting-edge service designed for commercial fleets to prevent speeding and aggressive driving in real-time, using in-house developed Safe-Driving Technology - VOOBOX. By proactively avoiding potential problems, VOOVOO enhances transportation safety and minimizes operational costs.Today, approximately 360 million commercial vehiclesare involved in daily economic activities worldwide. We focus on making our technology available to global commerce, starting from Europe and the US. Our business model's main advantages are simplicity of technology integration, easy distribution, and low costs, enabling us to expand rapidly.Our technology has been developed according to UN international standards, with support from the European Institute of Innovation and Technology (EIT Urban Mobility), Georgias Innovation and Technologies Agency (GITA), Promwad - an electrical engineering company, Testups - Test and certification company, and other international organizations. We have conducted all necessary lab and field tests, so our hardware is now under the certificate, allowing us to sell it in 58 countries.Our five-year industry background, established international relationships, technological market trends, and highly qualified management team provide a solid guarantee for the sustainable growth of our project. We forecast earning up to €36M in 5 years with around €20M net profit.From the ongoing SEED round of €500k, €435k is left to be raised. €65K is a contribution to the round from CONNECTOLOGY and EIT Urban Mobility. This investment gives us 18 months runway, enough to meet European standards with a certified product, start supplying reseller partners, onboard about 8 000 cars, and generate €2M+.Feel free to book a call to discuss partnership opportunities: https://calendly.com/voovoo/30min
- Lerio.io — Hire remote Team in minutes at Lerio. We make it very simple to hire and manage remote teams anywhere in the world.
Maksim Zakurdaev
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Investment focus
- CAD, Software, Simulation
- Angel
- Latvia
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
Microsoft for Startups is a global program designed to help startups scale with free access to Azure cloud and a streamlined path into selling alongside Microsoft and our vast partner ecosystem.
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Investment focus
- Software, Information Technology, SaaS
- Seed, Funding Round, Pre-Seed
- United States, India, Canada
Portfolio highlights
- VitVio — VitVio is a platform built around AI and computer vision with the goal of improving efficiency and quality of care in operating rooms.
- UniPay — UniPay is an eCommerce platform for infrastructure and industry-lacking regions that offers 5 products that enable trust, promote transparency, and enforce accountability.
- Emission Sentri — Drive emission management and reduction with insights
Andris K. Berzins is the Managing Partner at Change Ventures. He attended Stanford University Graduate School of Business.
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Investment focus
- E-Commerce, B2B, Business Intelligence
- Seed, Angel, Pre-Seed
- Latvia, United States, Spain
Portfolio highlights
- Reach.ly — Why outreach like it's 2001? Elevate your outreach and supercharge buyer engagement with dynamic landing pages, video and voice outreach and GenAI data enrichment prompts.
- Printify — Sell custom t-shirts, phone cases, and 800+ products with your designs printed on demand. We will handle printing and shipping to your customers.
- RivalSense — Monitor competitors of your startup. Receive curated weekly updates.
We are a first check investor helping overlooked founders from peripheral European ecosystems defy the odds and create breakout companies.
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Investment focus
- Software, iOS, Transportation
- Seed, Pre-Seed, Series A
- Hungary, Serbia, Austria
Portfolio highlights
- RivalSense — Monitor competitors of your startup. Receive curated weekly updates.
- Salesforge — Salesforge is an all-in-one sales execution super app that gives every sales team the highest probability to hit their target by tackling email deliverability and the need to personalize cold email outreach at scale.We do that by enabling real-time AI & machine learning to decision critical sales activities, enhance messaging and eliminatethe need for various sales point solutions, therefore driving superior conversion rates.
- Collabwriting — Collabwriting is a simple browser extension that helps you share, comment and collaborate on content you find online
Connect is the Product VC. We are a thesis-led, pan-European pre-seed and seed stage VC. We invest in opinionated products, crafted with love, and loved by many.We've been backing product-led founders since 2012. Our investments include Truelayer, Typeform, Oyster, Lifebit, Kheiron, Faks and Sprinque. Our specialisms cut across SaaS,fintech, consumer, digital health and Web3. Collectively, we’re passionate about the power of product to transform people’s lives.We started Connect to back companies that help create the world we want to live in, and it’s hard to change the world without scale. That's why we’re in the business of investing in outlier companies — those with the potential to create impact on a massive scale.
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Investment focus
- Software, SaaS, Financial Services
- Seed, Series A, Pre-Seed
- United Kingdom, United States, Germany
Portfolio highlights
- Purple Dot — Sell More by Selling Earlier
- Steep — Business intelligence for modern companies. Steep lets anyone on your team stay on top of your data.
- Tuza — Find the right card machine for your business, with good rates and the best features. Search the top providers in minutes, including Worldpay, Barclaycard, Tyl and Teya.
Early-stage VC searching for the next Superheroes.
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Investment focus
- Software, Information Technology, Internet
- Seed, Pre-Seed, Funding Round
- Finland, Estonia, Lithuania
Portfolio highlights
- eMabler — We accelerate our customers' business growth by convenience in eMobility with our API-first platform
- Fractory — Custom metal fabrication services for project and series manufacturing. 1-1 engineering support and payment terms for companies.
- Flow Computing — Flow's Parallel Processing Unit (PPU) gives 100X CPU performance for demanding applications, such as locally-hosted AI and general-purpose parallel computing.
Mamba is the number one Russian online dating service, which cooperates with major portals including Mail.Ru, Rambler and MSN.com and over 30,000 others. The company’s database holds over 18.6 million registered users, over 40% of which are active. Mamba primarily targets customers in Russia and the CIS and is also going to launch dating servicesabroad. The business model is centered on the “pay as you go” principle: the users are more inclined to pay for additional instant low cost services, rather than bigger monthly subscription. Company’s billing system is one of the largest in the world with more than 40 possible ways to pay for Mamba’s services. According to various estimates, Mamba controls about 85% of the market.
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Investment focus
- Mobile Apps, Social Media, Social Network
- Seed
- Latvia
Portfolio highlights
- F3 — F3 is a social discovery app to make new friends and communicate with existing ones.
Andrej Jakovlev
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Investment focus
- B2B, E-Commerce, Marketplace
- Pre-Seed
- Latvia
Portfolio highlights
- machinesearch.io — Introducing the ultimate search engine for industrial machinery ads Comprehensive search results, Saved searches and alerts and many more.
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
- Waste Management, Internet of Things
- Pre-Seed
- Latvia
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.
Marat is a serial entrepreneur with more than 20 years of experience in the financial industry and early stage investor.
He is the founder of several successful companies, including a consumer finance bank, few e-commerce companies and investment fund.
He serves on the board of his several portfolio companies (Bioloka, Wow Cube, F3 and RelesticaHolding), utilizing his knowledge and expertise in Blockchain industry which he joined to in 2013 as a partner in Bitfury Group.
In both as a fund and as an angel investor, Marat have invested in 30+ fin tech, e-commerce, blockchain technology, educational, healthcare and gaming companies, providing business expertise and financial & advisory support to founders.
Marat has a master's degree in finance & business management and a bachelor's degree in law.
In his free time, Marat likes surfing and skiing!
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Investment focus
- Software, Education, Cryptocurrency
- Seed, Series A, Pre-Seed
- United States, Canada, Latvia
Portfolio highlights
- Intropia — Find Web3 jobs and other opportunities, capitalize your network, and hire the best talent.
- Starly.io — Launchpad and marketplace for your gamified NFT collections
- EWA Learn — Start learning English, French and Spanish with EWA: conversational vocabulary, interactive exercises, modern examples and fun tasks are waiting for you!
River Venture Partners is an angel syndicate that focuses on supporting early-stage entrepreneurs in digital media, marketing, e-commerce, entreprise and education technology.
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Investment focus
- Internet, Software, SaaS
- Seed, Angel, Pre-Seed
- The Netherlands, Finland, Latvia
Portfolio highlights
- Contentoo — Your go-to content creation platform for expert content creation, localisation, and design services, crafted by subject-matter experts.
- Anyways — Een tijdelijke auto voor de deur. Zonder gedoe. Met het auto abonnement van Anyways heb jij je eigen auto. Voor hoe lang je zelf wilt.
- Clubee — Manage your club with ease. Websites, Member Management, Communication, Finance, Sponsorships and more.
Hofmann most recently held the role of musical.ly’s President in North America, where he led expansion efforts to build the world’s fastest growing entertainment social network. Within three months of Hofmann joining the team, app downloads increased from 200 to 400,000 per day. musical.ly hit the top of the app chats in 21 countries and has grownto over 200 million users globally.During his time at musical.ly, Hofmann helmed the company’s global content, brand, entertainment, and talent partnerships, in addition to heading all corporate functions for North and South America. He oversaw the closure of deals with all three major music labels and publishers. Under his leadership, the company closed its largest product partnership with Apple Music, as well as original content partnerships with Viacom, NBCU, and Hearst Digital. Hofmann also orchestrated partnerships with top artists like Bruno Mars, Katy Perry, Ariana Grande, Selena Gomez, Jason Derulo and 250+ other artists worldwide.In early 2018, Hofmann announced he was moving on from musical.ly to pursue new ventures following the company’s successful merger with Chinese tech giant, Bytedance. He is currently investing in and advising new startups. He remains an ally and advisor to musical.ly. In 2017, Hofmann was chosen by Variety as one of “30 Execs to Watch” for its Digital Entertainment Impact Report and featured by Billboard on its Digital Power Players List: Guiding the Future in Music and Tech. Most recently, he accepted the WSJ Technology Innovator Award. A German native, Hofmann currently resides in Los Angeles.
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Investment focus
- Mobile Apps, Social Media, Social Network
- Seed
- Latvia
Portfolio highlights
- F3 — F3 is a social discovery app to make new friends and communicate with existing ones.
Vesna Investment offers financing for internet start-ups.
During the post-investment stage Vesna Investment will become an active partner,
providing support and experience.
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Investment focus
- EdTech, Internet, Education
- Funding Round
- Latvia
Portfolio highlights
- YaClass — YaClass is an edutech startup offering K12 online programs in math, sciences and languages, as well as preparation tests for state exams.
AdFirst.vc is a venture capital firm designed to co-invest with other VCs in early and expansion stage start-ups. They perform Marketing Due Diligence ads tests for start-ups and help the investor evaluate the reachable audience, check the marketing competencies of the team, and reduce the cost of attracting customers. Testing allows to confirm thecompany's capitalization and eliminate marketing risks. In the future, they oversee the marketing strategy of the project in order to control KPI.
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Investment focus
- E-Learning, Mobile Apps, FinTech
- Seed, Pre-Seed, Series A
- United States, Russian Federation, Latvia
Portfolio highlights
- Adapty — The all-in-one service for in-app subscriptions. Develop, optimize and grow apps with iOS, Android, React Native, Flutter, Unity and Web support.
- Synchronization — Synchronization is an online education platform.
- Akademiya Peremen — Akademiya Peremen is an educational platform that focuses on the life style segment of health, beauty, style, and psychology.
The Fund for the Promotion of Venture Investment in Small Enterprises in the Scientific and Technical Sphere of Moscow was established by the Department of Entrepreneurship and Innovation Policy of Moscow.
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Investment focus
- Software, Advertising, Information Technology
- Seed, Debt Financing, Funding Round
- Russian Federation, United States, Israel
Portfolio highlights
- Vestem — Vestem is a biotechnology company that develops new bioveterinary cell therapies for regenerative therapy and next-generation pharmaceuticals for the treatment of pets.
- Picvario — DAM systems allow centralizing, systematizing, searching, and sharing all types of digital files (images, video, audio, etc.). Picvario platform is a reliable storage of the files. Flexible management. API Integration
- Qummy — Qummy produces and freezes dishes for restaurants using its patented Smart Ice technology, which preserves the dish's nutritional and organoleptic features.
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
- Software, CAD, Apps
- Seed, Debt Financing
- Latvia, Sweden, Lithuania
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.
- Aerones — Robotic wind turbine service company offering maintenance, inspection and repairs worldwide. Reduce downtime and improve the efficiency of your wind park
- AISPECO — AISPECO systems for aerial inspection, surveying, mapping. Tailored for airplanes, helicopters and drones. Multiple camera and LiDAR options.
Nikita Sergienko
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Investment focus
- CAD, Software, Simulation
- Angel
- Latvia
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
Active investment firm that calling founders with a great product vision across diverse industries
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Investment focus
- Software, Information Technology, Artificial Intelligence
- Seed, Funding Round, Pre-Seed
- United States, Russian Federation, United Kingdom
Portfolio highlights
- Renova — AI-driven no-code platform for insurance industry.
- Altris.AI — AI for Ophthalmology & Optometry is the future of eye care. It will set high diagnostic standards for the industry and bring better patient outcome as a result. Together we will solve the preventable blindness problem.
- Whizz — My Device is a subscription-based rental service provider for devices like electric scooters, bicycles, home sports equipment, etc.
ASP Asset Management enables clients to form investment syndicates for high-risk projects, allowing smaller investments across multiple startups to diversify risk.
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Investment focus
- Information Technology, Industrial Manufacturing
- Pre-Seed
- Latvia
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.
Mail.ru Group was founded by Yuri Milner and is the largest Internet company in the Russian-speaking world. It is one of the largest Internet companies in Russia, and the world's seventh largest Internet business in terms of page views. Mail.ru Group operates two of the three largest Russian language social networking sites(Odnoklassniki.ru and Moi Mir@Mail.Ru), the two largest instant messaging networks in Russia (ICQ and Agent), Russia's leading email service, Russia's second largest Internet portal and Russia's largest online games company.Mail also holds strategic equity stakes of 32.49% in vKontakte, Russia's largest social networking site, and 25.09% in QIWI, formerly OE Investments, one of Russia's leading payment-processing companies. It also holds small minority stakes in Facebook, Zynga and Groupon.
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Investment focus
- Social Media, Mobile Apps, Education
- Seed, Series A, Funding Round
- Russian Federation, United States, Cyprus
Portfolio highlights
- Uchi.ru — Uchi.ru offers online courses for school students.
- O2O Holdings — Formed by a JV between Sberbank and Mail.ru Group, provides an O2O services platform focusing on key areas of food and transportation.
- AliExpress Russia — AliExpress Russia is a leading cross-border and domestic e-commerce platform in Russia.
Founder and managing partner of River Venture Partners angel syndicate. Venture partner at VC firm Newio. Tech investor focused on early-stage investments in B2B software companies in Northern Europe. Supporting investors and entrepreneurs in building digital businesses that change people's lives. Former chemical engineer, strategist, digitalproduct development executive, founder of SanomaVentures and Managing Director of KPN Ventures.
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Investment focus
- Software, Information Technology, Internet
- Seed, Pre-Seed, Angel
- The Netherlands, Finland, Denmark
Portfolio highlights
- Singa — Singa is the Spotify of karaoke for personal and commercial use. Access a catalog of 20 000+ songs to sing effortlessly anywhere, any time and with any platform.Easy to use is Singa’s main operating principle. You don’t need to buy a console, or a microphone, or even a DVD-player. Singa is platform agnostic. To use Singa, you’ve already goteverything you need either in your pocket (mobile phone), on your table (PC) or in your living room (TV).* One account works on all devices, mobile, browser or Smart TV* Each user gets to test Singa for free before signing up to a Premium account* Singa works fluently with external accessories
- Fledgerr — Fledgerr develops cutting-edge equity management solution.
- Contentoo — Your go-to content creation platform for expert content creation, localisation, and design services, crafted by subject-matter experts.
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