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Top 25 Hardware VC Funds & Investors in Latvia (September 2026)

The most active venture capital funds investing in Latvia Hardware startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Latvia Hardware startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Imprimatur Capital Fund Management
VC Fund
17 Latvia, United States, United Kingdom Seed, Debt Financing Software, Information Technology, Apps $55k–$633k
HansaMatrix
VC Fund
7 Latvia Seed, Convertible Note, Venture - Series Unknown Electronics, 3D Technology, Augmented Reality $386k–$3.4M
FlyCap
VC Fund
4 Latvia, Estonia, The Netherlands Seed, Venture - Series Unknown Health Care, Rental, Medical $55k–$2.9M
ZGI Capital
VC Fund
4 Latvia, Estonia, United Kingdom Seed, Venture - Series Unknown, Debt Financing Manufacturing, Consulting, Construction $55k–$1.6M
Expansion Capital
VC Fund
3 Latvia, United States, Norway Seed, Venture - Series Unknown, Debt Financing Manufacturing, Software, Logistics $113k–$2.4M
BaltCap
VC Fund
3 Latvia, Lithuania, United States Private Equity, Seed, Series A Information Technology, Software, Mobile $127k–$100M
New Nordic Ventures
VC Fund
2 Latvia, Estonia, United States Pre-Seed, Seed Information Technology, Software, Analytics $158k–$1.1M
Base Ventures
VC Fund
2 United States, South Korea, Canada Seed, Series A, Pre-Seed Software, Mobile, E-Commerce $125k–$24M
EIT Urban Mobility
VC Fund
2 Spain, Sweden, France Seed, Pre-Seed, Series A Software, Transportation, Information Technology
The Untitled Venture Company
VC Fund
1 United States, Russian Federation, Latvia Seed, Pre-Seed, Convertible Note Software, SaaS, Analytics $100k–$1.6M
Change Ventures
VC Fund
1 Estonia, Latvia, Lithuania Seed, Pre-Seed, Series A Software, Information Technology, Apps $273k–$39M
NuVX Capital
VC Fund
1 Russian Federation, United States, Malta Seed, Pre-Seed, Angel Artificial Intelligence, Software, Drones
Prototron
VC Fund
1 Estonia, Finland, Germany Pre-Seed, Grant, Seed Software, Manufacturing, Energy $4k–$59k
Seraph Group
VC Fund
1 United States, Canada, Latvia Seed, Series A, Series B Software, Health Care, Artificial Intelligence $800k–$51M
Taver Capital Partners
VC Fund
1 United States, India, Latvia Seed, Series A, Pre-Seed Artificial Intelligence, Software, Machine Learning $900k–$8M
Angelsdeck Global Ventures
VC Fund
1 United States, Russian Federation, United Kingdom Seed, Pre-Seed, Angel Artificial Intelligence, Software, Education $80k–$6M
ZenStone Venture Capital
VC Fund
1 United States, Brazil, Canada Series A, Seed, Series B FinTech, Financial Services, Real Estate $500k–$50M
EIT Digital
VC Fund
1 Italy, Spain, Poland Pre-Seed, Grant, Seed Information Technology, Software, Internet
pirate equity
VC Fund
1 Latvia, Poland, Lithuania Convertible Note Apps, SaaS, VoIP
IT-Farm
VC Fund
1 United States, Japan, Germany Seed, Series A, Series B Software, Health Care, Medical $1M–$36M
StartersHub
VC Fund
1 Turkey, United States, Latvia Seed, Pre-Seed, Convertible Note Software, Artificial Intelligence, Information Technology $20k–$821k
Georgia's Innovation and Technology Agency
VC Fund
1 Georgia, Latvia, United Kingdom Grant, Pre-Seed, Seed Software, Information Technology, SaaS $34k–$770k
Merito Partners
VC Fund
1 Latvia Seed, Private Equity Furniture, Smart Home, Smart Building
Wistron Corporation
VC Fund
1 United States, Taiwan, Hong Kong Series A, Seed, Series B Artificial Intelligence, Software, Machine Learning $500k–$30M
Visionplus
VC Fund
1 Finland, United States, United Kingdom Seed, Venture - Series Unknown, Series A Software, Information Technology, Internet $83k–$14M
Access all 58 VC funds in Latvia Hardware startups.

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Investor list

Imprimatur Capital Fund Management
VC Fund · Riga, Riga, Latvia · 17 investments in Latvia Hardware 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: 83
  • Round size: Seed $127k–$633k; Debt Financing $55k–$70k
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — raised $12M in 2010

Portfolio highlights

  • Axial3D — Leading the way with the latest 3D imaging, models, and devices
  • afriQloud — AfriQloud provides a white-labeled cloud computing solution to telecom operators, internet service providers, system integrators, and managed information technology service providers.
  • Sonarworks — SoundID Reference software calibrates your speakers and studio headphones, so you can trust that every mix will translate.
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HansaMatrix
VC Fund · Riga, Riga, Latvia · 7 investments in Latvia Hardware startups

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

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Investment focus

  • Industry: Electronics, 3D Technology, Augmented Reality
  • Stage:Seed, Convertible Note, Venture - Series Unknown
  • Geography: Latvia

Investor stats

  • Total investments: 7
  • Round size: Seed $386k–$871k; Venture - Series Unknown $1.6M–$3.4M
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • Lightspace Labs — Seeing is believing
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FlyCap
VC Fund · Riga, Riga, Latvia · 4 investments in Latvia Hardware startups

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

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Investment focus

  • Industry: Health Care, Rental, Medical
  • Stage:Seed, Venture - Series Unknown
  • Geography: Latvia, Estonia, The Netherlands

Investor stats

  • Total investments: 30
  • Round size: Seed $55k–$2.9M; Venture - Series Unknown $562k–$2.7M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — raised $21M in 2013

Portfolio highlights

  • Mintos — Mintos is a platform that provides retail investors with an accessible way to build wealth through loan-based investments. Through their platform retail investors can invest in a diversified way in income-producing assets to build wealth in the long term. They implement environmental, social, and employee matters, respect for human rights,anti‐corruption, and anti‐bribery matters within their remuneration policy practices and other internal company documents.
  • Tapcore — Tapcore is the only solution on the market that enables mobile developers to monetize pirated copies of their apps through advertising. Established in 2015, we are a remote company with headquarters in the Netherlands. Currently we serve over 150 million ad requests daily (and counting!).
  • Elmo — In our mobility-focused operations, we wanted to optimize business and decrease environmental impact, so we created remote control technology to deliver cars.
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ZGI Capital
VC Fund · Riga, Riga, Latvia · 4 investments in Latvia Hardware 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, Venture - Series Unknown, Debt Financing
  • Geography: Latvia, Estonia, United Kingdom

Investor stats

  • Total investments: 28
  • Round size: Seed $55k–$896k; Debt Financing $110k–$981k; Venture - Series Unknown $306k–$1.6M
  • 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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Expansion Capital
VC Fund · Riga, Riga, Latvia · 3 investments in Latvia Hardware startups

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

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Investment focus

  • Industry: Manufacturing, Software, Logistics
  • Stage:Seed, Venture - Series Unknown, Debt Financing
  • Geography: Latvia, United States, Norway

Investor stats

  • Total investments: 42
  • Round size: Seed $132k–$2.4M; Debt Financing $113k–$242k; Venture - Series Unknown $225k–$1.6M
  • Lead/follow: 79% lead, 21% follow

Portfolio highlights

  • Flirtu — Flirtu is an app for dating on Telegram that helps users find their perfect match.
  • FIS.solutions — Loan Management System | Loan Servicing Software | Lending Software. Instalment loans, mortgages, car leasing & rentals, credit line, business loans, factoring
  • Willow Wealth — Willow Wealth is an alternative investment platform focused on generating income streams for investors. Get exclusive access to private market investments.
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BaltCap
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Latvia Hardware startups

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.

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Investment focus

  • Industry: Information Technology, Software, Mobile
  • Stage:Private Equity, Seed, Series A
  • Geography: Latvia, Lithuania, United States

Investor stats

  • Total investments: 13
  • Round size: Seed $127k–$1.3M; Private Equity $1M–$100M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $138M in 2019

Portfolio highlights

  • Verkter — Verkter is a commercial group offering DIY tools and accessories.
  • 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.
  • Nord Security — Nord Security is the leader in the field of online privacy and security. Our security tools have earned praise from respected experts and tech outlets.
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New Nordic Ventures
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia Hardware startups

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

  • Industry: Information Technology, Software, Analytics
  • Stage:Pre-Seed, Seed
  • Geography: Latvia, Estonia, United States

Investor stats

  • Total investments: 11
  • Round size: Seed $217k–$1.1M; Pre-Seed $158k–$600k
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • OHMYSYNT — AI-powered tool for businesses and creators, that alters videos in seconds using text prompts.
  • DrugCards — DrugCard - AI-powered pharmacovigilance tools & services for automated literature monitoring, regulatory intelligence and adverse events management.
  • Rapid Delivery Analytics — Digital shelf analytics for mobile-first grocery and convenience deliveries. Track pricing, visibility, availability, promotions, and competitor performance across rapid delivery platforms.
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Base Ventures
VC Fund · Berkeley, California, United States · 2 investments in Latvia Hardware startups

We founded Base Ventures to turn access into opportunity for investors, founders, and the next disruptive idea.

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Investment focus

  • Industry: Software, Mobile, E-Commerce
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, South Korea, Canada

Investor stats

  • Total investments: 131
  • Round size: Seed $250k–$7M; Pre-Seed $125k–$1M; Series A $1.2M–$24M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Rebodis — Ribodi’s goal is to empower clothing with intelligence by seamlessly integrating robotics and smart technologies into everyday apparel, enabling robotized garments to become a practical, accessible, and trusted fixture in everyone’s wardrobe.
  • Will Perform —
  • Sume — Sume provides agent-native video generation APIs and tools for creating avatar-based and UGC-style videos. The company offers Sume Avatar 1.0, a multi-model orchestration system that behaves like a single avatar endpoint for generating talking-head and product-focused clips. Developers use the Sume Developer API and CLI to create reusable avatars,submit structured video generation jobs, track status, and retrieve production-ready media. The platform supports workflows where agents or applications coordinate creative inputs such as avatars, scripts, and product images. Sume for Brands provides an AI creative application that turns product URLs, product assets, and creative direction into ad-ready UGC-style videos. Its services are used for advertising, branded content, and other video-based communication scenarios.
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EIT Urban Mobility
VC Fund · Barcelona, Catalonia, Spain · 2 investments in Latvia Hardware 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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The Untitled Venture Company
VC Fund · San Francisco, California, United States · 1 investments in Latvia Hardware 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, Analytics
  • 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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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Latvia Hardware 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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NuVX Capital
VC Fund · 1 investments in Latvia Hardware startups

Company’s strategy is to assemble a diversified portfolio of investments in leading deep tech technology companies.

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Investment focus

  • Industry: Artificial Intelligence, Software, Drones
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Russian Federation, United States, Malta

Investor stats

  • Total investments: 13
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Imot.io — Imot.io converts phone calls to text, determines the reasons for appeals, recognizes customer emotions, and alerts employees when they make mistakes. The call database contains information about lead generation and missed sales. It enables one to assess how well staff are able to handle disputes. It enables people to prevent clients from switchingto competitors.
  • Neatsy.ai — Access top orthopedic surgeons virtually for you and your family. Expert guidance, virtual consultations, and comprehensive support from injury to full recovery at a reasonable cost.
  • Proaction.pro — Proaction testing system was developed based on the experience of domestic HR experts in banking, telecommunications, commercial, construction and other industries.
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Prototron
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Latvia Hardware startups

Prototron is a start-up fund that gives money to teams for turning their great ideas into the first working prototype. Founded in 2012 by Swedbank, Tallinn Technical University and Tallinn Science Park Tehnopol. We finance teams with high growth potential in areas of Greentech, Electronics, Mechatronics and ICT. We run 3-4 rounds of financingevery year. During last 5 years we've funded 58 startups with over 470'000€ in cash + coaching/incubation services. Our protfolio has generated >4,5 M€ revenue and raised >17'000'000€ capital. These results make Prototron the most productive pre-seed fund in Estonia. Do you want to be part of the success? We seek for: *) New start-up teams who need money for building a prototype. Apply for funding: www.prototron.ee *) Additional partners who want to be part of Estonia's next success stories.

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Investment focus

  • Industry: Software, Manufacturing, Energy
  • Stage:Pre-Seed, Grant, Seed
  • Geography: Estonia, Finland, Germany

Investor stats

  • Total investments: 55
  • Round size: Seed $4k–$13k; Grant $5k–$24k; Pre-Seed $6.2k–$59k
  • Lead/follow: 75% lead, 25% follow

Portfolio highlights

  • Solaride — Solaride is a bunch of progressive pioneers of the future who are building Estonia's first solar car to face the ultimate challenge to prove how successfully students can create innovation.
  • RAIKU — RAIKU is a cleantech startup that produces 100% natural packaging material that has also great looks and shock absorption - most importantly, it gives 15-20 times more volume to its raw material making it one of the most resource efficient material uses in the world with high margins. Both the production is and products are clean making no harm tonature. RAIKU has raised over 1.2mln€ in the pre-seed stage, built a team of over 10 people, its own IP and clients are already using its packaging material. This material will up-end the 1 trillion € packaging sector.
  • Jälle Technologies — Jälle Technologies create advanced recycling technologies that transform battery waste into high-value resources.
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Seraph Group
VC Fund · Foster City, California, United States · 1 investments in Latvia Hardware startups

Seraph Group invests and shares exclusive, early-stage investment opportunities.

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Latvia

Investor stats

  • Total investments: 75
  • Round size: Seed $800k–$6M; Series A $2M–$23M; Series B $5.5M–$51M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: May invest from a new fund soon — raised $3.6M in 2014

Portfolio highlights

  • Venus Aerospace — Venus Aerospace is a space company that provides an innovative approach to hypersonic transportation. Venus Aerospace is a startup aerospace company focused on engineering the future of hypersonic flight. We are making one-hour global transport possible to connect the world and make it safer.The company is an expert team of PhDs, rocketscientists, and engineers taking on the biggest challenges in aerospace at Mach 9 speed. The company also takes pride in being moms and dads, military veterans, and BBQ enthusiasts.
  • 4AG Robotics — Revolutionizing mushroom farming with robots that pick, trim, and pack. Our automation solutions boost quality, yield, and value for farmers worldwide.
  • Pinpoint Predictive — Pinpoint Predictive helps P&C insurers fast-track profitable growth by improving loss ratios on the industry's leading risk selection platform
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Taver Capital Partners
VC Fund · Los Altos Hills, California, United States · 1 investments in Latvia Hardware startups

Gagarin Capital is a venture fund that invests in early stage artificial intelligence companies from around the world.

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Investment focus

  • Industry: Artificial Intelligence, Software, Machine Learning
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, India, Latvia

Investor stats

  • Total investments: 28
  • Round size: Seed $900k–$5.8M; Series A $1M–$8M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • CureSkin — Get free AI analysis and dermatologist-prescribed regimens to treat your skin & hair concerns. Holistic, safe & 100% effective. Learn more.
  • EARTH AI — We are a vertically integrated AI-powered explorer that discovers, develops, and owns critical mineral mines.
  • Regology — Regology is the leading generative AI-powered Regulatory Intelligence Platform. We help compliance teams in all industries automate regulatory change management and compliance.
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Angelsdeck Global Ventures
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Latvia Hardware startups

AngelsDeck Global Ventures. Joint investments and exclusive community.AngelsDeck was created:01 For comfortable and mutually beneficial communication among its members, who share venture capital and self-development values. 02 For priority access to venture capital deals with a recommendation from trusted syndicators.03 By and forinvestors who have an impeccable business reputation and capital transparency.Our Values:* Expertise * We are proud of our members' combined expertise. We create and maintain an environment where all members can conveniently and comfortably share their valuable knowledge.* Exclusivity * In the venture capital market, there is a lot of competition among investors for promising projects. We showcase exclusive deals that are not on the surface.* Syndication * We have created a marketplace where experienced syndicate investors can compete for members' attention by the quality of their deals. Everyone can try the role of a syndicator.* Communication * "As a fish needs water, an investor needs a network," and we have created an exclusive club with a unique atmosphere of online and offline communication between members of equal enthusiasm, aspiration, and motivation.

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Investment focus

  • Industry: Artificial Intelligence, Software, Education
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United States, Russian Federation, United Kingdom

Investor stats

  • Total investments: 50
  • Round size: Seed $231k–$6M; Angel $80k–$895k; Pre-Seed $200k–$870k
  • Lead/follow: 18% lead, 82% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • CLOSO — CLOSO connects sellers to brands that have excess inventory, making it easy to source, list and sell.
  • Rhino — First-class armored rides
  • Receiptable — Deliver digital receipts to an app already installed on consumers' phones. Unlock the receipt data to better monetise your customers through more personalised services. We deliver convenience, augmented data and positive impact for the environment.
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ZenStone Venture Capital
VC Fund · Santa Clara, California, United States · 1 investments in Latvia Hardware startups

Introduction of the investment thesis of ZenStone Venture Capital: Investing in passionate founders with extraordinatry vision and execution at post seed and early venture stages.

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Investment focus

  • Industry: FinTech, Financial Services, Real Estate
  • Stage:Series A, Seed, Series B
  • Geography: United States, Brazil, Canada

Investor stats

  • Total investments: 44
  • Round size: Seed $500k–$2.9M; Series A $2.2M–$12M; Series B $3M–$50M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Bolt — Bolt makes Ecommerce better with One-Click Checkout and CheckoutOS. See how Bolt checkout boosts your sales today.
  • EquityZen — EquityZen's mission is to improve the way startup employees are paid by unlocking the value of their equity compensation in a way that benefits all key players: the shareholder, the company, and the investor.
  • DecorMatters — Discover home decor ideas and interior design inspiration. Shop your favorite furniture stores and socialize with other interior designers.
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EIT Digital
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Latvia Hardware startups, 9 in the past 12 months

Join Europe's largest digital innovation ecosystem. For a strong digital Europe. Inclusive. Fair. Sustainable.

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Investment focus

  • Industry: Information Technology, Software, Internet
  • Stage:Pre-Seed, Grant, Seed
  • Geography: Italy, Spain, Poland

Investor stats

  • Total investments: 22
  • Lead/follow: no public data

Portfolio highlights

  • VoiceMed — Track respiratory health using voiceWe bring deep-tech innovation into your smartphone. With vocal biomarkers and artificial intelligence, we track the evolution of respiratory diseases.
  • Assiduous — The AI-enabled platform to do the heavy-lifting for business owners seeking finance for their aspiring growth company.
  • Veganistik — Veganistik is a new generation vegan social platform, helping you start your plant-based life or maximize your experience.
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pirate equity
VC Fund · 1 investments in Latvia Hardware startups

Micro VC developed to help investors explore new markets and sectors.

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Investment focus

  • Industry: Apps, SaaS, VoIP
  • Stage:Convertible Note
  • Geography: Latvia, Poland, Lithuania

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • asya.ai — We use computer vision, biometrics, deep learning, and a lot of data, to analyze human emotional experiences.
  • LiveCall — LiveCall is the #1 inbound sales calls platform.Most businesses are losing ~50% of potential inbound calls. LiveCall fixes the conversion gap in 'last mile marketing' for businesses using calls.Typical results with LiveCall are 30-120% more sales calls - without increasing your traffic. What's more, you see this within 7 days.Loved by businesses across industries - travel, insurance, finance, travel, automotive, utilities and many more.
  • H-Finance — Infrastructure and compliance for financial institutions to work with digital assets
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IT-Farm
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Latvia Hardware startups

IT-Farm is a venture capital firm which specializes in seed, start-up, and early stage companies. It primarily invests in mobile, big-data, connected car, IoT, OTT service, Helth care, Bio Tech and other IT industries. The firm actively invests in SF bay area and Japan, as well as other geometries including Asia and Europe. We support portfoliocompanies, especially on the partnership with Japanese enterprises.

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Investment focus

  • Industry: Software, Health Care, Medical
  • Stage:Seed, Series A, Series B
  • Geography: United States, Japan, Germany

Investor stats

  • Total investments: 135
  • Round size: Seed $1M–$7.5M; Series A $1.6M–$16M; Series B $2.5M–$36M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Ubitus — As cloud gaming enablers, Ubitus' GPU virtualization, Streaming technology and hybrid cloud deployment can serve different kinds of solutions for Telco, Game companies to quick enter cloud gaming market. Moreover, Ubitus provide Global distribution and New Media content solution for new media studio and fashion brand to help them distribute rich media contents worldwide.
  • POPS Worldwide — POPS Worldwide is the leading digital entertainment company in Southeast Asia. With over 4 billion monthly views of its music and entertainment content, POPS is the fastest growing digital entertainment media company with hundreds of artists, content creators and partners from broadcast television, publishing and production in the POPS Network.POPS also produces a wide variety of original content for its industry-leading owned and operated channels like POPS Music, POPS Kids, POPS TV, Beauty Me, HerVoice and CoolTV that target highly sought after demographics: teens, kids, women and men.
  • Global Equipment Services — As a strategic partner to developers of multi-sector products, Averna provides innovative automated testing tool and quality assurance solutions.
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StartersHub
VC Fund · Istanbul, Istanbul, Turkey · 1 investments in Latvia Hardware startups

An early-stage VC that backs, mainly but not limited to, Turkey & CEE's founders who work to disrupt the system for good.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Turkey, United States, Latvia

Investor stats

  • Total investments: 58
  • Round size: Seed $50k–$821k; Pre-Seed $20k–$550k; Convertible Note $25k–$30k
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2015

Portfolio highlights

  • FenixPyre — FenixPyre provides Post-Authentication Data Security (PADS) to prevent ransomware, mitigate insider threats, and enforce TPRM. It blocks bad actors from stealing sensitive files, enhancing perimeter security while remaining seamless to users.
  • HoustonBionics — HoustonBionics is proud to introduce ExoRehab X, a revolutionary at home stroke rehabilitation device to help support recovery.
  • Visionteractive — Visionteractive develops social media based, fun and interactive physical and digital products, bridging the gap between online and actual world. The company aims to bring a brand together with the target audience by developing various creative products, while enhancing the memorability owing to the interactive experience with the users.Visionteractive was founded on 2013 and is based in Turkey.
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Georgia's Innovation and Technology Agency
VC Fund · Tbilisi, Dushet'is Raioni, Georgia · 1 investments in Latvia Hardware startups

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

  • Industry: Software, Information Technology, SaaS
  • Stage:Grant, Pre-Seed, Seed
  • Geography: Georgia, Latvia, United Kingdom

Investor stats

  • Total investments: 20
  • Round size: Seed $40k–$500k; Grant $34k–$124k; Pre-Seed $34k–$770k
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • enumeral — enumeral provides enriched lists of recently funded startups, including key founder details, funding data, job openings, customers, revenue estimates, web traffic, tech stack, and verified decision-maker contacts. Our subscription service helps B2B businesses connect with high-growth startups and drive outbound sales.
  • SlataDoc — Thank you to everyone who used, supported and believed in what we built. It meant a great deal.
  • Rivo — Rivo is an AI-native hiring ecosystem, designed to transform how employers source, vet, and manage talent by replacing manual recruitment tasks with intelligent automations. Instead of relying on basic keyword searches, the platform analyzes candidate skills in context to instantly provide recruiters with accurate compatibility scores and aseamless pipeline management experience. For job seekers, Rivo's AI matching helps them find the best opportunities in seconds, while a streamlined process eliminates repetitive forms so they can apply quickly and effortlessly.
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Merito Partners
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Hardware startups

Merito Partners is a growing private investment company operating in Latvia and the New Nordics.

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Investment focus

  • Industry: Furniture, Smart Home, Smart Building
  • Stage:Seed, Private Equity
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 100% lead, 0% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • TapBox — Tapbox is a self-service solution provider for catering, cinema, entertainment, hotel, ticketing, customer servicing, and more.
  • MYCABIN — MYCABIN offering small wooden frame holiday homes in different sizes that can be combined as a set.
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Wistron Corporation
VC Fund · Taipei, T'ai-pei, Taiwan · 1 investments in Latvia Hardware startups

Wistron Corporation is a technology service provider supplying innovative.

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Investment focus

  • Industry: Artificial Intelligence, Software, Machine Learning
  • Stage:Series A, Seed, Series B
  • Geography: United States, Taiwan, Hong Kong

Investor stats

  • Total investments: 40
  • Round size: Seed $500k–$7M; Series A $4.3M–$30M; Series B $3M–$21M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Health2Sync — Health2Sync provides patients and care providers with data-driven Digital Therapeutics and personalized healthcare management services including an user-friendly mobile App, cloud-based analytics, and a cloud platform for healthcare professionals.
  • Teramount — Teramount changes the world of optical connectivity by offering a novel solution, the patented PhotonicPlug, for connecting optics to silicon.
  • Zettabyte — Zettabyte builds next-generation AI data centers with high-efficiency GPU infrastructure, liquid-cooling systems, and sovereign-ready AIDC software.
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Visionplus
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Latvia Hardware startups

WE HELP YOU TO GROW FASTER!

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 75
  • Round size: Seed $83k–$1.3M; Series A $2M–$14M; Venture - Series Unknown $100k–$4M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Moppi.com — Moppi.com is an online marketplace that connects professional cleaners with customers. The marketplace plays host to cleaners that are certified and insured by the company, and uses only approved cleaning equipment and detergents. Moppi.com was launched by Matti Tiainen in January 2015 and is operated from Helsinki, Finland.
  • Hooplo Footy — The company's business area is the development and sale of online games and all other legitimate business.
  • Film Finances — Discover Film Finances Inc., the global leader in film completion guarantees, ensuring on-schedule and on-budget delivery for over seven decades. Explore our services and industry expertise.
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Hardware VC funding in Latvia at a glance

Stats across 90 deals from 58 investors.

58
investors
in Latvia Hardware startups
90
deals
in Latvia Hardware startups
$219k
median round
in Latvia Hardware startups
55%
lead investors
lead at least one round
30%
Seed
most common funding stage

Access all 58 VC funds in Latvia Hardware startups.

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