# Top 15 Internet Startup Investors in Latvia in June 2026 ## Imprimatur Capital Fund Management - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 6 - 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. ## 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. ## ZGI Capital - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 2 - 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. ## Amazon Web Services - Type: VC Fund - Location: Seattle, Washington, United States - Relevant deals: 1 - Stages: Grant, Pre-Seed - Focus: Software, Artificial Intelligence, Information Technology Amazon Web Services offers reliable, scalable, and inexpensive cloud computing services. Free to join, pay only for what you use. ## 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. ## Marat Kichikov - Type: Angel - Location: Amsterdam, Noord-Holland, The Netherlands - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Blockchain, Cryptocurrency, Apps 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! ## 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. ## ZEMU Venture Capital - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, FinTech, Information Technology ZEMU Capital is dedicated to investing in decentralization, artificial intelligence, and ground-breaking technologies. ## 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. ## 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. ## Richard Frank - Type: Angel - Location: Watford, Hertford, United Kingdom - Relevant deals: 1 - Stages: Seed - Focus: iOS, Apps, VoIP Richard Frank ## FlyCap - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 1 - Stages: Seed, Debt Financing - Focus: Health Care, Consumer Goods, 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. ## Andrej Jakovlev - Type: Angel - Relevant deals: 1 - Stages: Pre-Seed - Focus: B2B, E-Commerce, Marketplace Andrej Jakovlev ## 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. ## 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.