# Top 40 Enterprise VC (Venture Capital) Funds in Latvia in June 2026

## Imprimatur Capital Fund Management
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 26
- Stages: Seed, Debt Financing
- Focus: Software, Information Technology, Apps

Imprimatur Capital Fund Management is a venture capital firm focusing on high-technology at an early stage in its commercial development. We invest in start-up technology businesses which are based on innovative intellectual property, are led by strong teams and have high international growth potential.Imprimatur Capital Fund Management, based inLatvia, manages seed and start-up funds with investors including the Latvian Guarantee Agency, other institutional investors and some private investors. The company source investment opportunities primarily from the Baltic/Nordic/Russia region.Imprimatur Capital Fund Management is a partner firm of Imprimatur Capital Ltd, headquartered in London and with investment operations in Europe, Russia, Asia Pacific, Latin America and the US.

## ZGI Capital
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 6
- Stages: Seed, Debt Financing
- Focus: Manufacturing, Machinery Manufacturing, Retail

ZGI Capital is the fund management company that manages "ZGI fund”, that was founded to support entrepreneurs lacking start-up capital for their business. The total amount of assets available for venture capital investments is of EUR 7.4M. Combined with bank financing, this will allow to finance investment projects with total assets of up toEUR 30M. The fund acts on behalf of various investors including the State.

## Expansion Capital
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 5
- Stages: Seed, Debt Financing
- Focus: Manufacturing, Logistics, Transportation

Expansion Capital AIFP plans to participate in Latvian state-owned development finance institution ALTUM organized next generation fund manager tender, in order to continue to invest and finance mainly perspective Latvian ideas, projects, and companies.

## FlyCap
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 3
- Stages: Seed, Debt Financing
- Focus: Health Care, Rental, Medical

FlyCap AIF is a Venture Capital Fund of total size of 15.75 MEUR. The Fund provides growth capital for Latvia based SME’s in a form of investments in equity and mezzanine capital.

## Superhero Capital
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Internet

Some call you founders. We call you Superheroes. Seed stage VC investing in insight-driven startups in Finland and the Baltics. Tickets 100 K€ - 1000 K€.

## New Nordic Ventures
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 3
- Stages: Pre-Seed, Seed
- Focus: Software, Computer Vision, Machine Learning

NNV is a seed stage VC fund. We invest in B2B startups from CEE and CIS region and help them to expand internationally

## Change Ventures
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, Apps

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

## EIT Urban Mobility
- Type: VC Fund
- Location: Barcelona, Catalonia, Spain
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Transportation, Information Technology

EIT Urban Mobility is an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union.
Europe’s leading community for impact-driven start-ups and scale-ups in urban mobilityWe want to move cities toward a more sustainable future by partnering up with start-ups and scale-ups like yours. Our Impact Venturesdivision gives you access to funding and support channels to deliver financial, environmental and social impact on the urban landscapes around us. Our tools are: Funding through grants and equity investments, Knowledge and training through partner-led programmes, networking and introductions through dedicated support to our equity portfolio companiesOur investments provide you with a boost on your growth journey, and our network connects you with the right stakeholders in the public policy sector — on a regional, national and European-wide scale — to put your company on the map and bring your urban mobility services to the people who need it the most.If you’re like us and have a drive to shape the cities of our future, join our community of engaged and esteemed impactful ventures by applying for one of the many different programs we offer.

## European regional development fund (ERDF)
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 2
- Stages: Grant, Pre-Seed
- Focus: Software, Information Technology, Biotechnology

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.

## HansaMatrix
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 2

Electronics manufacturing in Eastern Europe including industries like transportation, IoT, technology sectors, medicine & more.

## BaltCap
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Mobile, Information Technology, Apps

BaltCap is a private equity and venture capital investor in the Baltic states of Estonia, Latvia and Lithuania focusing investment on the growth and realization of small and medium enterprises.

## Lumo Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Developer Platform, Information Services

Lumo Capital is an investment firm.

## DIG Ventures
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, SaaS, Artificial Intelligence

Dig Ventures is a pre-seed and seed-stage fund investing in cloud infrastructure and B2B SaaS companies in Europe, Israel and the US. Founded by Ross Mason, founder of Mulesoft, and managed by an all operator partnership, Dig runs an unparalleled portfolio success model, focused on clearing the hurdles of early technical company building.

## Swedbank
- Type: VC Fund
- Relevant deals: 1
- Stages: Debt Financing
- Focus: Internet, Made to Order, Delivery Service

Swedbank is the main portal for individual customers in Latvia to access Swedbank’s financial services. Secure online access for managing accounts, making payments, and ordering products.

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

NIB finances projects that improve competitiveness and the environment of the Nordic and Baltic countries. The Bank offers long-term loans and guarantees on competitive market terms to its clients in the private and public sectors. NIB is an international financial institution owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania,Norway and Sweden. The Bank has lending operations both in and outside its member countries. NIB acquires the funds for its lending by borrowing on the international capital markets. NIB's bonds enjoy the highest possible credit rating. NIB's vision is a prosperous and sustainable Nordic-Baltic region. NIB works towards that goal by financing projects that improve competitiveness and the environment of their member countries. Through this, NIB is living up to their promise of financing the future. NIB's core values are competence, commitment and cooperation. By providing long-term loans to its customers, NIB makes a lasting impact on the competitiveness and environment of the region. NIB is a reliable source of long-term funding for its customers. All projects are reviewed from the sustainability perspective. Therefore a NIB loan may be regarded as a quality stamp. NIB only finances specific investment projects that fulfil the Bank’s mission.

## Tiny Supercomputer Investment Company
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Artificial Intelligence, Information Technology

Backing great companies when they're tiny

## Georgia's Innovation and Technology Agency
- Type: VC Fund
- Location: Tbilisi, Dushet'is Raioni, Georgia
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: SaaS, Hardware, Software

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.

## Moscow Seed Fund
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Seed, Debt Financing
- Focus: Software, Advertising, Information Technology

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.

## Connect Ventures
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, SaaS, FinTech

We've been investing in pre-seed and seed stage product companies since 2012, from our home in London.

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

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

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

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

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

Capitalia, a company listed on Nasdaq Baltic stock exchange, is the leading financer for small and medium enterprises in the Baltics.
As our focus is set on SME’s we are able to provide financing that serves as a supplement or as an alternative to the loans issued by commercial banks. Since the founding of Capitalia in 2007 we have issued financingto more than 1000 companies and consulted more than 100 businesses in various financial matters.

## JOINT JOURNEY
- Type: VC Fund
- Location: Limassol, Limassol, Cyprus
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Artificial Intelligence

Active investment firm that calling founders with a great product vision across diverse industries

## ZEMU Venture Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Mobile, FinTech

ZEMU Capital is dedicated to investing in decentralization, artificial intelligence, and ground-breaking technologies.

## Point Nine
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, Internet

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.

## Fiedler Capital
- Type: VC Fund
- Location: Vienna, Wien, Austria
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, Mobile Apps

We are a first check investor helping overlooked founders from peripheral European ecosystems defy the odds and create breakout companies.

## Mamba
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Seed
- Focus: Mobile Apps, Social Media, Social Network

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.

## River Venture Partners
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Seed, Angel, Pre-Seed
- Focus: Internet, Software, SaaS

Investing in the next generation B2B software companies in the Benelux, Nordics & Baltics

## VK (ex. Mail.Ru Group)
- Type: VC Fund
- Location: Leningradskiy, Chukot, Russian Federation
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Social Media, Education, Mobile Apps

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.

## Almaz Capital
- Type: VC Fund
- Location: Portola Valley, California, United States
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Software, Mobile, Internet

Almaz Capital is an international venture capital firm investing in early stage, capital efficient technology companies. A unique bridge fund headquartered in Silicon Valley, Almaz Capital connects Eastern European/former Soviet engineering and entrepreneurial talent to the U.S. market and helps build global businesses. The firm invests inhigh-growth sectors such as artificial intelligence and blockchain applications, data engineering, cybersecurity, industrial IoT, networking architecture and infrastructure. Its investors include Cisco, the European Bank for Reconstruction and Development (EBRD), and International Finance Corporation (IFC), a member of the World Bank Group.  Founded in 2008, Almaz Capital has invested in over 30 portfolio companies and has had nine exits to date.

## Smartup Ventures
- Type: VC Fund
- Location: Tehran, Tehran, Iran
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Information Technology, E-Commerce, CRM

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.

## Microsoft for Startups
- Type: VC Fund
- Location: Redmond, Washington, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, SaaS

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.

## Angels Band
- Type: VC Fund
- Location: Minsk, Minsk, Belarus
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Angel
- Focus: Beauty, Gaming, mHealth

AngelsBAND - business-angels in Belarus, support for startups with brainy funding

## Amazon Web Services
- Type: VC Fund
- Location: Seattle, Washington, United States
- Relevant deals: 1
- Stages: Grant, Pre-Seed
- Focus: Artificial Intelligence, Software, Information Technology

Amazon Web Services offers reliable, scalable, and inexpensive cloud computing services. Free to join, pay only for what you use.

## Baltic Tech Ventures
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Apps

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.

## KAYA
- Type: VC Fund
- Location: Prague, Hlavni mesto Praha, Czech Republic
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Health Care, Internet

We are committed to supporting founders at every stage of their journey, from studio projects and pre-seed through to Series A and follow-ons.

## LIVE RīGA
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 1
- Stages: Seed
- Focus: IT Management, Artificial Intelligence

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.

## AdFirst.vc
- Type: VC Fund
- Location: Limassol, Limassol, Cyprus
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: FinTech, Internet, Software

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.

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

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

## Vesna Investment
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Focus: EdTech, Internet, Education

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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