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Top 20 Internet VC Funds & Investors in Latvia (August 2026)

The most active venture capital funds investing in Latvia Internet startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Latvia Internet startup companies. Find investors to raise a Pre-Seed, Seed or Debt Financing round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Imprimatur Capital Fund Management
VC Fund
6 Latvia, United States, United Kingdom Seed, Debt Financing Software, Information Technology, Apps $63k–$549k
European regional development fund (ERDF)
VC Fund
2 United Kingdom, Germany, France Grant, Pre-Seed Software, Information Technology, Artificial Intelligence $44k–$2.2M
ZGI Capital
VC Fund
2 Latvia, Estonia, United Kingdom Seed, Debt Financing Manufacturing, Consulting, Construction $55k–$981k
ZEMU Venture Capital
VC Fund
1 United States, United Arab Emirates, Hong Kong Seed, Pre-Seed, Series A Software, Blockchain, Artificial Intelligence $600k–$4.5M
Mintos
VC Fund
1 Latvia Grant, Pre-Seed Consulting, E-Commerce, Marine Technology
Sun Finance Group
VC Fund
1 Latvia Pre-Seed Consulting, E-Commerce, E-Commerce Platforms
VK (ex. Mail.Ru Group)
VC Fund
1 Russian Federation, United States, Cyprus Seed, Series A, Corporate Round Social Media, Education, Mobile Apps $500k–$126M
New Nordic Ventures
VC Fund
1 Latvia, Estonia, United States Pre-Seed, Seed Information Technology, Software, Analytics $158k–$1.1M
Amazon Web Services
VC Fund
1 United States, United Kingdom, Brazil Grant, Non-Equity Assistance Artificial Intelligence, Software, Information Technology $7k–$1M
ALTUM
VC Fund
1 Latvia Seed Internet, Made to Order, Delivery Service
Eleving Group
VC Fund
1 Latvia Pre-Seed Consulting, E-Commerce, E-Commerce Platforms
Swedbank
VC Fund
1 Latvia Debt Financing Internet, Made to Order, Delivery Service
FlyCap
VC Fund
1 Latvia, Estonia, The Netherlands Seed, Debt Financing Health Care, Rental, Medical $55k–$2.9M
Moscow Seed Fund
VC Fund
1 Russian Federation, United States, Israel Seed, Debt Financing Software, Information Technology, Advertising $40k–$380k
Almaz Capital
VC Fund
1 United States, Russian Federation, Germany Series A, Seed, Series B Software, Artificial Intelligence, Internet $1.1M–$58M
Envac Group
VC Fund
1 Latvia Pre-Seed Waste Management, Internet of Things
Vesna Investment
VC Fund
1 Latvia EdTech, Internet, Education
AdFirst.vc
VC Fund
1 United States, Russian Federation, United Kingdom Seed, Pre-Seed, Series A FinTech, Financial Services, Internet $100k–$11M
Expansion Capital
VC Fund
1 Latvia, United States, Norway Seed, Debt Financing Manufacturing, Software, Logistics $125k–$2.4M
Mamba
VC Fund
1 Latvia Seed Mobile Apps, Social Media, Social Network
Access all 10 VC funds in Latvia Internet startups.

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Investor list

Imprimatur Capital Fund Management
VC Fund · Riga, Riga, Latvia · 6 investments in Latvia Internet startups

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

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Investment focus

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Debt Financing
  • Geography: Latvia, United States, United Kingdom

Investor stats

  • Total investments: 81
  • Round size: Seed $131k–$549k; Debt Financing $63k–$70k
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — last raise in 2010

Portfolio highlights

  • Axial3D — Leading the way with the latest 3D imaging, models, and devices
  • afriQloud — AfriQloud provides a white-labeled cloud computing solution to telecom operators, internet service providers, system integrators, and managed information technology service providers.
  • Sonarworks — SoundID Reference software calibrates your speakers and studio headphones, so you can trust that every mix will translate.
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European regional development fund (ERDF)
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Latvia Internet startups

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

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Grant, Pre-Seed
  • Geography: United Kingdom, Germany, France

Investor stats

  • Total investments: 74
  • Round size: Grant $57k–$2.2M; Pre-Seed $44k–$1.2M
  • Lead/follow: 35% lead, 65% follow

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 Ltd develops innovative breath-based sampling, enabling rapid, non-invasive detection of respiratory diseases for improved global healthcare.
  • noc™ — 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.
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ZGI Capital
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia Internet startups

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

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Investment focus

  • Industry: Manufacturing, Consulting, Construction
  • Stage:Seed, Debt Financing
  • Geography: Latvia, Estonia, United Kingdom

Investor stats

  • Total investments: 28
  • Round size: Seed $55k–$896k; Debt Financing $110k–$981k
  • Lead/follow: 89% lead, 11% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Echoo Group — Echoo Group provides Smart Home, Building automation system (BMS), Engineering network solutions from design to solution.
  • RoyaltyRange — RoyaltyRange is a data provider with 4 professional databases covering Royalty rates, Service fees, Loan rates, Companies' financials.
  • Electrify — Electrify manufactures electric buses and minibusses offers charging solutions, and bus infrastructure maintenance.
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ZEMU Venture Capital
VC Fund · 1 investments in Latvia Internet startups

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

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Investment focus

  • Industry: Software, Blockchain, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Arab Emirates, Hong Kong

Investor stats

  • Total investments: 24
  • Round size: Seed $905k–$4.5M; Pre-Seed $600k–$1.2M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • GPT360 — GPT360, your platform for integrating Web3 and Web2. We offer a super app with tools for Web3 project owners, including the Chaterium Network to boost community visibility and engagement, innovative AI solutions for news and moderation, and a hub for affiliate networks and marketing services. Our mission is to simplify the mass adoption ofcryptocurrency and blockchain by creating active, informed, and connected digital communities.
  • Stabble — stabble is a protocol revolutionizing liquidity pools by introducing protocol-managed and arbitrage pools. This allows stabble to tackle critical inefficiencies prevalent within Solana's decentralized exchanges.
  • Raiinmaker — Multi - Chain Layer 2 Network. Powered by AI, Secured by Bitcoin.
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Mintos
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Internet startups

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.

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Investment focus

  • Industry: Consulting, E-Commerce, Marine Technology
  • Stage:Grant, Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Sell.xyz — Sell.xyz is a one-stop ecommerce solution connecting the new generation of creators and merchants with dropshipping and wholesale suppliers. A new platform revolutionizing the print-on-demand industry
  • SUBmerge Baltic — Advanced autonomous underwater vehicles for defense, security, and large-scale maritime operations.
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Sun Finance Group
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Internet startups

The fastest growing fintech in Europe

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Investment focus

  • Industry: Consulting, E-Commerce, E-Commerce Platforms
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Sell.xyz — Sell.xyz is a one-stop ecommerce solution connecting the new generation of creators and merchants with dropshipping and wholesale suppliers. A new platform revolutionizing the print-on-demand industry
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VK (ex. Mail.Ru Group)
VC Fund · Leningradskiy, Chukot, Russian Federation · 1 investments in Latvia Internet startups

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

  • Industry: Social Media, Education, Mobile Apps
  • Stage:Seed, Series A, Corporate Round
  • Geography: Russian Federation, United States, Cyprus

Investor stats

  • Total investments: 31
  • Round size: Seed $500k–$3.9M; Series A $1M–$11M; Corporate Round $35M–$126M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • Tochka — Tochka provides banking services to SMEs and entrepreneurs.
  • Magisto — Magisto online video editor is a fast & powerful video maker. Turn your photos and video clips into video stories with Magisto movie editor. Start free!
  • 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.
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New Nordic Ventures
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Internet 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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Amazon Web Services
VC Fund · Seattle, Washington, United States · 1 investments in Latvia Internet startups

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

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Grant, Non-Equity Assistance
  • Geography: United States, United Kingdom, Brazil

Investor stats

  • Total investments: 232
  • Round size: Grant $7k–$1M; Non-Equity Assistance $16k–$1M
  • Lead/follow: 71% lead, 29% follow

Portfolio highlights

  • FOTOhub — Complete AI platform for creators. Generate images & video AI, unlimited storage, Cloud GPU & API.
  • Ednition — Our product, RosterStream, makes rostering awesome. Edtech rostering as a service platform.
  • Forlex — Forlex (formerly Intelijus) is pioneering a revolution in legal technology by transforming our platform into a powerful legal agentic ecosystem. At the core of our innovation is LIVIA—a dynamic legal agent that seamlessly integrates advanced AI workflows with robust agentic flows to redefine legal operations.LIVIA goes beyond traditionalautomation. It is engineered to serve as a strategic legal agent, optimizing complex operational processes while delivering precise, data-driven insights. Our cutting-edge generative AI and natural language processing capabilities empower legal professionals to shift their focus from administrative tasks to what truly matters: championing justice.We envision a future where legal services are not only efficient but universally accessible. By establishing our technology as the cornerstone of global legal decision-making, Forlex is setting new industry standards for accuracy, efficiency, and transformative impact. Join us as we lead the charge toward a new era in legal innovation.
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ALTUM
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Internet startups

ALTUM is a state-owned development finance institution, which offers state aid for various target groups with the help of financial tools (such as loans, credit guarantees, investing in venture capital funds, etc.). ALTUM develops and implements state aid programmes to compensate for the market's shortcomings that can't be solved byprivate financial institutions.

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Investment focus

  • Industry: Internet, Made to Order, Delivery Service
  • Stage:Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Viangoo — Viangoo Uses a mobile application to order cargoes of dolomite, gravel, sand, and other building supplies. Viangoo helps Make an order easy and allows you to track the cargo delivery procedure. You may get precise delivery times, track the whereabouts of cars in real-time on a map, and get instant information on the cargo that has been delivered.It facilitates more effective financial accounting, improves delivery scheduling, and releases staff.
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Access 48,091 investors

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

Browse database — It's Free!
Eleving Group
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Internet startups

Eleving Group promotes financial inclusion and social mobility with vehicle and consumer finance in 16 countries across 3 continents

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Investment focus

  • Industry: Consulting, E-Commerce, E-Commerce Platforms
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Sell.xyz — Sell.xyz is a one-stop ecommerce solution connecting the new generation of creators and merchants with dropshipping and wholesale suppliers. A new platform revolutionizing the print-on-demand industry
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Swedbank
VC Fund · 1 investments in Latvia Internet startups

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.

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Investment focus

  • Industry: Internet, Made to Order, Delivery Service
  • Stage:Debt Financing
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Viangoo — Viangoo Uses a mobile application to order cargoes of dolomite, gravel, sand, and other building supplies. Viangoo helps Make an order easy and allows you to track the cargo delivery procedure. You may get precise delivery times, track the whereabouts of cars in real-time on a map, and get instant information on the cargo that has been delivered.It facilitates more effective financial accounting, improves delivery scheduling, and releases staff.
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FlyCap
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Internet 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, Debt Financing
  • Geography: Latvia, Estonia, The Netherlands

Investor stats

  • Total investments: 30
  • Round size: Seed $55k–$2.9M; Debt Financing $329k–$2.2M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — raised $18M 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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Moscow Seed Fund
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Latvia Internet startups

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

  • Industry: Software, Information Technology, Advertising
  • Stage:Seed, Debt Financing
  • Geography: Russian Federation, United States, Israel

Investor stats

  • Total investments: 92
  • Round size: Seed $40k–$380k; Debt Financing $80k–$267k
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Ubirator — Ubirator is a waste management service for reasonable business.
  • ML One — The solutions offered by ML One will allow producing from all sidetracks of a multilateral well and enable precise re-entry into the mainbore and laterals during production. We offer solutions suitable for new wells and existing multilateral wells with casing strings of any size.
  • Drone Solutions — Drone Solutions provides a semi-automatic complex for the protection of the object 24/7 from the air.
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Almaz Capital
VC Fund · Portola Valley, California, United States · 1 investments in Latvia Internet startups

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.

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Investment focus

  • Industry: Software, Artificial Intelligence, Internet
  • Stage:Series A, Seed, Series B
  • Geography: United States, Russian Federation, Germany

Investor stats

  • Total investments: 109
  • Round size: Seed $1.1M–$10M; Series A $2M–$21M; Series B $3.1M–$58M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: May invest from a new fund soon — raised $300M in 2016

Portfolio highlights

  • Alcatraz AI — The Rock is an all-in-one touchless biometric access control device that combines facial biometrics, AI, and machine learning for top-notch security.
  • Refurbed — Refurbed operates as an online marketplace for refurbished products in the german-speaking world. It sells renewed phones, laptops and tablets which are up to 40% cheaper and 100% more environmentally friendly than their brand-new, store-bought counterparts. Refurbed devices are renewed through a 40-step process, making them look like new andfunction like new. On top of that, each device comes with at least a 12-month guarantee.The company was founded in 2017 and is headquartered in Vienna, Austria.
  • Acumatica — Acumatica Is the Complete Cloud ERP Solution For All Your Business Management Needs Today and In The Future.
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Envac Group
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Latvia Internet startups

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

  • Industry: Waste Management, Internet of Things
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

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.
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Vesna Investment
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Latvia Internet startups

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

  • Industry: EdTech, Internet, Education
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

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.
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AdFirst.vc
VC Fund · Limassol, Limassol, Cyprus · 1 investments in Latvia Internet startups

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

  • Industry: FinTech, Financial Services, Internet
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Russian Federation, United Kingdom

Investor stats

  • Total investments: 13
  • Round size: Seed $100k–$11M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Fideum Group — Explore tailored digital asset solutions for institutions at Fideum. Offering secure banking, custody, trading, staking, and remittance services to help institutions confidently navigate and capitalize on cryptocurrency opportunities.
  • Synchronization — Synchronization is an online course for music, philosophy, fashion and design, architecture, art, psychology, special projects, master classes, and cinema. They provide biology and a healthy lifestyle, film history, and film language.
  • Academy of Changes — Akademiya Peremen is an educational platform that focuses on the life style segment of health, beauty, style, and psychology.
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Expansion Capital
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Internet startups

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

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Investment focus

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

Investor stats

  • Total investments: 42
  • Round size: Seed $200k–$2.4M; Debt Financing $125k–$246k
  • Lead/follow: 79% lead, 21% follow

Portfolio highlights

  • Flirtu — Flirtu is an app for dating on Telegram that helps users find their perfect match.
  • Willow Wealth — Willow Wealth is an alternative investment platform focused on generating income streams for investors. Get exclusive access to private market investments.
  • FIS.solutions — Loan Management System | Loan Servicing Software | Lending Software. Instalment loans, mortgages, car leasing & rentals, credit line, business loans, factoring
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Mamba
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Latvia Internet startups

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

  • Industry: Mobile Apps, Social Media, Social Network
  • Stage:Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • F3 — F3 develops a social app for asking questions and creating answers, with all content disappearing in 72 hours. Anonymous or not, this app lets users express themselves and discover new exciting people.
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Internet VC funding in Latvia at a glance

Stats across 10 deals from 10 investors.

10
investors
in Latvia Internet startups
10
deals
in Latvia Internet startups
$83k
median round
in Latvia Internet startups
20%
lead investors
lead at least one round
40%
Debt Financing
most common funding stage

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