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Top 50 Startup Investors in Latvia (August 2026)

The most active venture capital funds and angel investors investing in Latvia startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Latvia 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
58 Latvia, United States, United Kingdom Seed, Debt Financing Software, Information Technology, Apps $63k–$549k
Expansion Capital
VC Fund
29 Latvia, United States, Norway Seed, Debt Financing Manufacturing, Software, Logistics $125k–$2.4M
ZGI Capital
VC Fund
24 Latvia, Estonia, United Kingdom Seed, Debt Financing Manufacturing, Consulting, Construction $55k–$981k
FlyCap
VC Fund
17 Latvia, Estonia, The Netherlands Seed, Debt Financing Health Care, Rental, Medical $55k–$2.9M
Change Ventures
VC Fund
7 Estonia, Latvia, Lithuania Seed, Pre-Seed, Series A Software, Information Technology, Apps $273k–$39M
The Untitled Venture Company
VC Fund
6 United States, Russian Federation, Latvia Seed, Pre-Seed, Convertible Note Software, SaaS, Information Technology $100k–$1.6M
New Nordic Ventures
VC Fund
4 Latvia, Estonia, United States Pre-Seed, Seed Information Technology, Software, Analytics $158k–$1.1M
EstBAN
VC Fund
4 Estonia, Lithuania, Latvia Seed, Pre-Seed, Angel Software, CleanTech, Manufacturing $200k–$2.2M
Luminor Latvija
VC Fund
4 Latvia Debt Financing Baby, Retail, Children $1.1M–$155M
Uldis Sipols
Angel
4 Latvia Seed, Angel, Pre-Seed CAD, Software, Simulation $50k–$393k
BADideas.fund
VC Fund
4 Estonia, Latvia, Lithuania Seed, Pre-Seed, Grant Software, Information Technology, Artificial Intelligence $110k–$3.6M
Open Circle Capital
VC Fund
4 Lithuania, United States, Canada Seed, Pre-Seed, Series A Software, Information Technology, E-Commerce $206k–$7.2M
Outlast Fund
VC Fund
3 Latvia, Estonia, Canada Pre-Seed, Seed Software, SaaS, Artificial Intelligence $175k–$4.2M
bd Partners
VC Fund
3 Czech Republic, United States, Latvia Seed, Pre-Seed SaaS, Software, Artificial Intelligence $527k–$14M
BaltCap
VC Fund
3 Latvia, Lithuania, United States Seed, Series A, Series B Information Technology, Software, Mobile $127k–$1.3M
Practica Capital
VC Fund
3 Lithuania, United Kingdom, United States Seed, Pre-Seed, Series A Software, B2B, Information Technology $219k–$30M
Superangel
VC Fund
3 Estonia, United States, Finland Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $165k–$20M
EIT Urban Mobility
VC Fund
3 Spain, Sweden, France Seed, Pre-Seed, Series A Software, Transportation, Information Technology
Sverre Bisgaard
Angel
3 Latvia Pre-Seed, Convertible Note CAD, Software, Simulation $50k–$393k
Karma Ventures
VC Fund
3 Estonia, United States, Finland Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $549k–$30M
Baltic Tech Ventures
VC Fund
3 Latvia, Lithuania, Estonia Seed, Pre-Seed Software, Information Technology, Mobile Apps $75k–$305k
Luminor Bank
VC Fund
3 Latvia, Italy Debt Financing Baby, Drones, Retail $1.1M–$8.7M
Taavi Tamkivi
Angel
3 Estonia, Latvia, Japan Seed, Pre-Seed, Angel Financial Services, Software, AgTech $111k–$8.4M
Superhero Capital
VC Fund
3 Finland, Lithuania, Estonia Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $212k–$7.3M
Almaz Capital
VC Fund
2 United States, Russian Federation, Germany Series A, Seed, Series B Software, Artificial Intelligence, Internet $1.1M–$58M
Ragnar Sass
Angel
2 Estonia, Ukraine, United States Seed, Pre-Seed, Angel Information Technology, Software, Marketplace $191k–$5.9M
Mistletoe
VC Fund
2 Japan, United States, India Seed, Series A Information Technology, Software, Education $729k–$57M
Siena Capital
VC Fund
2 Estonia, Latvia Seed, Pre-Seed, Convertible Note Financial Services, CAD, Banking $50k–$4.2M
SOSV
VC Fund
2 United States, India, United Kingdom Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software
SEB Latvija
VC Fund
2 Latvia Grant, Debt Financing Sports, Handmade, Military $6.6k–$155M
Signet Bank
VC Fund
2 Latvia, Lithuania Debt Financing Finance, Parking, Software $2.8M–$5.8M
SEB (Skandinaviska Enskilda Banken)
VC Fund
2 Sweden, United Kingdom, Latvia Post-IPO Debt, Debt Financing, Series B Energy, Oil and Gas, FinTech $7.6M–$1.6B
Radix Ventures
VC Fund
2 Poland, Latvia, Ukraine Seed, Venture - Series Unknown, Series B Manufacturing, Biotechnology, Nanotechnology $2.6M–$8.5M
Nicolai Torgersen
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$393k
ASP Asset Management
VC Fund
2 Latvia Pre-Seed Information Technology, Industrial Manufacturing
Lev Dolgatsjov
Angel
2 Latvia Seed, Angel CAD, Software, Simulation
Lauris Liepa
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$393k
HansaMatrix
VC Fund
2
Impact Ventures Hungary
VC Fund
2 Hungary, Spain, Italy Seed, Pre-Seed Software, Agriculture, Health Care $878k–$4.6M
Black Pearls VC
VC Fund
2 Poland, United States, United Kingdom Seed, Pre-Seed, Convertible Note Software, Artificial Intelligence, FinTech $165k–$3.3M
Povilas Urbonas
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$393k
Base Ventures
VC Fund
2 United States, South Korea, Canada Seed, Series A Software, Mobile, Information Technology $346k–$24M
Angel Parn
Angel
2 Latvia Seed, Angel CAD, Software, Simulation
Nikita Sergienko
Angel
2 Latvia Seed, Angel CAD, Software, Simulation
Inovo.vc
VC Fund
2 Poland, United States, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $300k–$23M
Capitalia
VC Fund
2 Latvia, Sweden, Lithuania Seed, Debt Financing Software, CAD, Apps $149k–$9M
Untitled Ventures
VC Fund
2 Australia, India, Latvia Pre-Seed, Seed, Venture - Series Unknown Artificial Intelligence, SaaS, Information Technology $462k–$2.5M
J12
VC Fund
2 Sweden, Germany, Norway Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $1.2M–$30M
European regional development fund (ERDF)
VC Fund
2 United Kingdom, Germany, France Grant, Pre-Seed Software, Information Technology, Artificial Intelligence $44k–$2.2M
Abingworth
VC Fund
2 United States, United Kingdom, France Series B, Series A, Series C Biotechnology, Health Care, Pharmaceutical $14M–$120M
Access all 330 investors in Latvia startups.

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

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Investor list

Imprimatur Capital Fund Management
VC Fund · Riga, Riga, Latvia · 58 investments in Latvia 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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Expansion Capital
VC Fund · Riga, Riga, Latvia · 29 investments in Latvia 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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ZGI Capital
VC Fund · Riga, Riga, Latvia · 24 investments in Latvia 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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FlyCap
VC Fund · Riga, Riga, Latvia · 17 investments in Latvia 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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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 7 investments in Latvia 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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The Untitled Venture Company
VC Fund · San Francisco, California, United States · 6 investments in Latvia 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, Information Technology
  • 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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New Nordic Ventures
VC Fund · Riga, Riga, Latvia · 4 investments in Latvia 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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EstBAN
VC Fund · Tallinn, Harjumaa, Estonia · 4 investments in Latvia startups

More than just a business angel network Building synergy between startups and angel investors EstBAN is member led organisation committed to finding, funding and mentoring ambitious young companies from pitch through to a successful exit. About estban Latest news Created with Fabric.js 3.5.0 All news For investors Get access to quality pre-selected internationaldeal-flow, and be

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Investment focus

  • Industry: Software, CleanTech, Manufacturing
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Estonia, Lithuania, Latvia

Investor stats

  • Total investments: 22
  • Round size: Seed $215k–$2.2M; Angel $232k–$1M; Pre-Seed $200k–$1.2M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • BrachyDOSE — BrachyDOSE - is a med-tech startup dedicated to solve radiation injuries that occur during the brachytherapy procedure. Our team consists of engineers and physicists experience in scientific research.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
  • Granarium Technologies — Granarium - The worlds first 100% renewable power storage for grid stabilization
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Luminor Latvija
VC Fund · 4 investments in Latvia startups

Luminor is the third-biggest provider of financial services in the Baltic States and the top independent bank. Our objectives are to promote change, engage with society, influence the economy with an eye toward the future, and benefit the area.

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Investment focus

  • Industry: Baby, Retail, Children
  • Stage:Debt Financing
  • Geography: Latvia

Investor stats

  • Total investments: 5
  • Round size: Debt Financing $1.1M–$155M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • hoppekids — Hoppekids designs and sells furniture and accessories for children’s rooms, focusing on beds, storage, and complementary décor. The company offers a wide range of children’s beds including junior beds, mid sleeper beds, loft beds, bunk beds, house beds, and four poster beds along with matching bed accessories. Hoppekids also provides desks, chairs,shelving systems, wardrobes, toy chests, and other storage furniture for children’s spaces. Its assortment includes mattresses, baby furniture such as cots, cradles, changing tables, and playpens, as well as bedding, cushions, play tunnels, and themed bed textiles. Many products are made from solid pine wood and some bed series are TÜV-certified and Nordic Swan Ecolabelled. Hoppekids sells its products through its online shop and selected retailers.
  • APSA BŪVE — APSA BŪVE operates as a construction and design enterprise specializing in building reconstruction, infrastructure modernization, and turnkey project execution. The company's business model centers on the public sector, providing services primarily to municipal bodies, state departments, and government-controlled enterprises.
  • Timbro — Timbro is a forestry technology company that offers forest management, property acquisition, and consultation services.
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Uldis Sipols
Angel · 4 investments in Latvia startups

Uldis Sipols

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 5
  • Round size: Pre-Seed $50k–$393k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Access 48,091 investors

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

Browse database — It's Free!
BADideas.fund
VC Fund · 4 investments in Latvia startups, 11 in the past 12 months

BADideas.fund backs bold founders from the Baltics and CEE with fast, founder-friendly funding. Led by a community of unicorn builders, we support early-stage B2B and marketplace startups with global ambition.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Grant
  • Geography: Estonia, Latvia, Lithuania

Investor stats

  • Total investments: 43
  • Round size: Seed $939k–$3.6M; Pre-Seed $110k–$1.3M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Tapaya — Software infrastructure that turns any device into a payment terminal. For developers who need to ship fast without becoming payments experts.
  • ForActive — ForActive The Best App to Buy & Sell Memberships
  • Spotwise.ai — Spotwise hears every ad on TV, radio and podcasts, then puts AI agents on that data to do market research, reports, ad strategy and find new advertisers.
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Open Circle Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 4 investments in Latvia startups

Our Investment FocusWe are interested in technology companies in the fields of ICT, robotics and high-tech. We favor teams of professionals comprised or led by serial entrepreneurs with past growth, fundraising and/or exiting experience. We are looking for product building companies that would be high-potential, fast-growth, and ready toconquer foreign markets. Best time to talk us is just after first revenues in the company.Our investment approach1. It all starts with a conversation where we learn about you and your ambition. 2. In the space of few meetings we are targeting to decide whether to look further. 3. We'll discuss particular terms, ask for more information, and analyse further. 4. The legal part - we know everyone loves it, and, finally, we join your venture.

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Investment focus

  • Industry: Software, Information Technology, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Lithuania, United States, Canada

Investor stats

  • Total investments: 38
  • Round size: Seed $206k–$2.2M; Pre-Seed $212k–$1M; Series A $5M–$7.2M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • PIXEVIA — PIXEVIA - AI for retail. Our flagship product - fully autonomous stores, powered by AI, cameras, and sensors. You simply walk in, take what you want, and go.
  • Ars Ingenii — Ars Ingenii presents a groundbreaking logistics and fulfillment platform, powered by in-house developed hardware and software technologies. That includes patented robotized material handling solutions such as Micro Distribution Centers and advanced fulfillment center automation tailored specifically for efficient e-commerce logistics. By seamlesslyintegrating technologies, we streamline e-commerce logistics, ensuring swift delivery from the origin to the consumer's doorstep.
  • Perfection42 — Perfection42 empowers creators to reach Unlimited Quality with custom Artificial intelligence tools without a single line of code.
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Outlast Fund
VC Fund · Riga, Riga, Latvia · 3 investments in Latvia startups

The Outlast Fund concentrating on concepts that have a lasting effect.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Pre-Seed, Seed
  • Geography: Latvia, Estonia, Canada

Investor stats

  • Total investments: 10
  • Round size: Seed $175k–$4.2M; Pre-Seed $417k–$2.1M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Superpal — Unlock peak productivity with Superpal - secure, executive-grade AI that automates workflows and elevates your performance.
  • display.dev — https://t.co/SF1T1dzYOK is the agent-neutral workspace for artifacts. One command gives your HTML and .md files a permanent URL behind company login.
  • Deep Space Energy — Deep Space Energy is to become a commercial provider of radioisotope electricity for deep space science missions, the commercial lunar market, and scientific surface missions on the Moon and Mars.
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bd Partners
VC Fund · Dejvice, Hlavni mesto Praha, Czech Republic · 3 investments in Latvia startups

BD Partners is actively seeking investment opportunities in innovative projects and high-potential companies with a focus on substantial growth. Through the infusion of both capital and our dedicated time, we leverage our funding, extensive experience, and international networks leading portfolio companies to valuable exits.

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Investment focus

  • Industry: SaaS, Software, Artificial Intelligence
  • Stage:Seed, Pre-Seed
  • Geography: Czech Republic, United States, Latvia

Investor stats

  • Total investments: 28
  • Round size: Seed $527k–$7.5M; Pre-Seed $530k–$14M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Modeinspect — acreom is the integrated markdown knowledge base with tasks. Your personal daily driver for your dev workflow.
  • ValkaAI — ValkaAI is a B2B platform leading in digital human technology, creating generative content solutions for various industries. It's set to disrupt traditional video production with superior scalability and personalization.
  • WanderWallet — Pay with Pix in Brazil, Mercado Pago in Argentina, QR in Bolivia, without a local bank account. Fund with USD or EUR, scan QR codes, pay instantly. No ATM fees.
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BaltCap
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Latvia 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:Seed, Series A, Series B
  • Geography: Latvia, Lithuania, United States

Investor stats

  • Total investments: 9
  • Round size: Seed $127k–$1.3M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • UPRENT — UPRENT is a pumping system rental provider which are accompanied with trench shoring systems and power generators. The company serves customers with effective products which enable to get the job done in the shortest time and with lowest energy costs. It guarantees a high level of customer satisfaction by maintaining a constant communication withcustomers, managing customer satisfaction measurement, identifying customer complaints and needs, and assuring appropriate service according to customer needs and requirements.UPRENT was founded on 2013 and is headquartered in Riga, Latvia.
  • TrueCare24 — Care professionals and services for home and business.
  • 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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Practica Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 3 investments in Latvia startups

Practica Capital

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Investment focus

  • Industry: Software, B2B, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Lithuania, United Kingdom, United States

Investor stats

  • Total investments: 125
  • Round size: Seed $219k–$3.3M; Pre-Seed $500k–$2.4M; Series A $2.4M–$30M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $85M in 2022

Portfolio highlights

  • Creem — Creem is the all-in-one platform where software companies run payments, taxes, affiliates and revenue - together Finance for humans building online
  • kopa.ai — AI agents for e-commerce growth.
  • Outcraft AI — Outcraft AI is the autonomous revenue engine built to drive growth across the entire customer lifecycle.
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Superangel
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Latvia startups

Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, United States, Finland

Investor stats

  • Total investments: 81
  • Round size: Seed $767k–$6.2M; Pre-Seed $165k–$1.6M; Series A $5.3M–$20M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $35M in 2022

Portfolio highlights

  • OTee — OTee's Industrial Automation platform makes it possible to create and manage industrial-grade virtual control systems, based on open standards and architecture!
  • Spiral Hydrogen — All-in-one, bubble-free centrifugal electrolyzer with an embedded axial flux generator that sets a new standard in efficiency and simplicity.
  • Nanordica Medical — Nanordica Medical develops novel nanoparticle-based antibacterial wound care products.
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EIT Urban Mobility
VC Fund · Barcelona, Catalonia, Spain · 3 investments in Latvia 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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Sverre Bisgaard
Angel · Oslo, Oslo, Norway · 3 investments in Latvia startups

Has built up and been the leader of Kongsberg Norspace in Horten, Norway and its predecessors over a period of more than 30 years, starting with AME space division in 1984. AME Space AS, a separate company created in 1986, became Alcatel Space Norway (ASN) in 1989 after an MBO in 1988. As MD lead ASN to an international leading position, developingand manufacturing satellite electronic products for satellite manufacturers world-wide, growing the company from 15 to 130 employees and sales exceeding 20 million Euros. Started Norspace, who took over the business of ASN when Alcatel closed ASN in 2003 following the satellite industry downturn in 2001-2002. After another successful build-up of Norspace over eight straight profitable years sold the company to Kongsberg in 2011. Retired from the position of CEO of Kongsberg Norspace end of March 2015.Kongsberg Norspace products are now (2015) found in over 200 satellites, mostly used for telecommunications.Presently engaged as board chairman, board member and investor in various companies.

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed, Convertible Note
  • Geography: Latvia

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $50k–$393k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Karma Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Latvia startups

karma.vc is an early stage venture capital fund focusing on seed and early stage technology companies in Europe.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Estonia, United States, Finland

Investor stats

  • Total investments: 52
  • Round size: Seed $549k–$4.4M; Series A $4M–$16M; Series B $3.1M–$30M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely still investing — raised $106M in 2021

Portfolio highlights

  • Infermedica — Clinical AI triage that guides patients to the right care via chat, voice, or call center. Built by clinicians trusted by patients.
  • Leil Storage — ON-PREMISES DISTRIBUTED FILE STORAGE WITH CLOUD-SCALE DENSITY+23% extra FREE capacity and density NOW +23% extra FREE capacity and density NOW +20% lower CO₂ emissions and power costs NOW up to +70% saved energy in the futureFirst distributed filesystem that supports the biggest HDDs on the planet, enabling enterprises with HM-SMR basedstorage.
  • Starship Technologies — The future of delivery - today!
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Baltic Tech Ventures
VC Fund · Riga, Riga, Latvia · 3 investments in Latvia startups

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. BTV angel 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 other VC opportunities, BTVinvestors can select the companies they invest in, with low investment minimums, no management or success fees, and no lockup.

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Investment focus

  • Industry: Software, Information Technology, Mobile Apps
  • Stage:Seed, Pre-Seed
  • Geography: Latvia, Lithuania, Estonia

Investor stats

  • Total investments: 6
  • Round size: Pre-Seed $75k–$305k
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Getfix — GETFIX is a platform that matches users with handyman and other service providers in just few clicks.
  • Lerio.io — Hire remote Team in minutes at Lerio. We make it very simple to hire and manage remote teams anywhere in the world.
  • LEGID — LEGID is an AI-powered marketplace for on-demand, small in-app consultations from top legal experts across the world. LEGID is building a platform that brings quality legal services, at affordable prices to people across the world. Easy-to-use, intuitive and reliable. A quick and efficient way to get the right, trusted legal advice whetheryou're at home or abroad.It is people centric. Submit a question, get price offers from qualified lawyers around you and resolve your issue without headaches. Quick, affordable and trusted legal advice across the world that puts you in control. The platform allows clients to submit queries, get price offers from lawyers and communicate via a secure, built-in chat system.A platform unites independent lawyers and consultants, with an auction-style system, and team formation for complex jobs (tenders). LEGID allows lawyers to work virtually from anywhere, providing them with an alternative channel for practicing law and fostering a better work-life balance.We are a SaaS-enabled marketplace, a platform combining a marketplace component with SaaS and workflow features (CRM, KYC, Case Management etc.). So it is a SaaS product, but with a marketplace dynamic. We are a platform, which empowers people. We are not focusing only on disrupting the legal industry. We are thinking of how to help people in this industry to be more efficient and active.Currently LEGID App serves its clients in Estonia, Latvia, Lithuania and Poland. Target market is the Europe. Products: Marketplace, AI, B2B SaaS, Web App, Mobile App Industry: Law Tech and Legal Tech
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Luminor Bank
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Latvia startups

Luminor Bank offers a range of financial products including the Luminor Black card, consumer loans, housing loans with lower interest rates for energy-efficient homes, and free debit cards for kids and youngsters aged 6 to 21. New customers can enjoy the Luminor Black card package free for the first two months. Additionally, they provide serviceslike easy remote onboarding and access to partner discounts through the Luminor Plus Club. The bank also promotes its II Pillar Pension Funds for savings and retirement planning .

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Investment focus

  • Industry: Baby, Drones, Retail
  • Stage:Debt Financing
  • Geography: Latvia, Italy

Investor stats

  • Total investments: 4
  • Round size: Debt Financing $1.1M–$8.7M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • hoppekids — Hoppekids designs and sells furniture and accessories for children’s rooms, focusing on beds, storage, and complementary décor. The company offers a wide range of children’s beds including junior beds, mid sleeper beds, loft beds, bunk beds, house beds, and four poster beds along with matching bed accessories. Hoppekids also provides desks, chairs,shelving systems, wardrobes, toy chests, and other storage furniture for children’s spaces. Its assortment includes mattresses, baby furniture such as cots, cradles, changing tables, and playpens, as well as bedding, cushions, play tunnels, and themed bed textiles. Many products are made from solid pine wood and some bed series are TÜV-certified and Nordic Swan Ecolabelled. Hoppekids sells its products through its online shop and selected retailers.
  • APSA BŪVE — APSA BŪVE operates as a construction and design enterprise specializing in building reconstruction, infrastructure modernization, and turnkey project execution. The company's business model centers on the public sector, providing services primarily to municipal bodies, state departments, and government-controlled enterprises.
  • Berzins Investment — Berzins Investment is a real estate company, It leases and manages its own portfolio of 12 commercial and residential properties in Riga, while also providing tenants with full architectural design, custom renovations, and construction services.
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Taavi Tamkivi
Angel · Tallinn, Harjumaa, Estonia · 3 investments in Latvia startups

Taavi Tamkivi was Helping in Banks & FinTechs fight FinCrime. also a Founder & CEO at Salv .

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Investment focus

  • Industry: Financial Services, Software, AgTech
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Estonia, Latvia, Japan

Investor stats

  • Total investments: 11
  • Round size: Seed $371k–$8.4M; Angel $111k–$1M; Pre-Seed $191k–$1.9M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • GIG-A — Open a bank account in Japan from your mobile with GIG-A. Receive salary, manage everyday spending, or transfer money with ease.
  • Introwise — Introwise makes it easy for everyday experts to offer coaching and advice online.
  • Lightyear — Lightyear is a simple and approachable way to invest your money globally without unnecessary barriers and fees.
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Superhero Capital
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Latvia startups

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€.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Finland, Lithuania, Estonia

Investor stats

  • Total investments: 97
  • Round size: Seed $212k–$2.6M; Pre-Seed $618k–$1.8M; Venture - Series Unknown $1.6M–$7.3M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2020

Portfolio highlights

  • Zadaa — For Zadaa users: continue secondhand shopping and selling on Bought, the new app from Helsinki that automates listings from your past purchases.
  • ADESANTE — SurgeryVision is a Virtual Reality solution for Surgeons. Product is intended to be used for planning surgical procedures.
  • Creagent — Find designers. Screened & shortlisted. Easy, fast and cost-effective - the smart way of sourcing with AI.
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Almaz Capital
VC Fund · Portola Valley, California, United States · 2 investments in Latvia 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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Ragnar Sass
Angel · 2 investments in Latvia startups

Ragnar Sass is the Co-Founder of Darkstar Camp. He previously worked at LIFT99 as a Founder and CEO. Ragnar Sass attended Estonian Business School.

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Investment focus

  • Industry: Information Technology, Software, Marketplace
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Estonia, Ukraine, United States

Investor stats

  • Total investments: 34
  • Round size: Seed $677k–$5.9M; Pre-Seed $191k–$2M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Alvin — Highly accurate, automated column-level lineage, powering your data workflows.
  • BeTRITON — 100% electric recreational vehicle - revolution in sustainable travel. BeTRITON (formerly known as Z-Triton) offers extraordinary experience and freedom to travel both over land and water.
  • Around — The largest network of workspaces on flexible terms. We are a savvy team from Latin America providing fast-growing companies with on-demand access to flexible office space. Everywhere.We believe work at its best is always creative and collaborative, expressed with freedom, autonomy, and purpose; and the space surrounding us should help us achieveit, anywhere & everywhere.We are shaping the future of work today by improving workspaces and the rules around them, and helping innovative teams find their ideal space to make their best work every day — our first step on a journey to change the way we work and think about work.Our best work. Anywhere. Everywhere. We are Around.
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Mistletoe
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Latvia startups

Mistletoe is a hub for startups and the overall entrepreneurial ecosystem. It specifically provides learning opportunities for entrepreneurs, facilitates startup communities, invests in and supports startup companies and venture capitals.

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Investment focus

  • Industry: Information Technology, Software, Education
  • Stage:Seed, Series A
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 98
  • Round size: Seed $729k–$28M; Series A $2.2M–$57M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • ULUU — ULUU is an ocean material that replaces plastic and actively benefits the world.
  • Aquaria — Aquaria provides solutions to secure access to clean water. The organization adapts its approaches based on the needs of these communities. It addresses water-related challenges through various methods.
  • Funderbeam — Funderbeam is a funding and trading platform that connects companies and investors to buy and sell equity stakes. The platform allows the founders to gain exposure, legal support, a funding manager, or an investor network. It also allows the investors to take control of their investments and trade anytime they want.The company was founded in 2013as a global data platform for startup companies.
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Siena Capital
VC Fund · 2 investments in Latvia startups

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

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Investment focus

  • Industry: Financial Services, CAD, Banking
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Estonia, Latvia

Investor stats

  • Total investments: 5
  • Round size: Seed $2.7M–$4.2M; Pre-Seed $50k–$393k
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — raised $59M in 2021

Portfolio highlights

  • Tuum — Tuum is a cloud-native banking platform that is spearheading the next generation of digital innovation in the financial services industry. Built around a microservices architecture, the platform consists of flexible and independent modules covering all retail and business banking capabilities. The platform is API-based for quick and easyintegration and can run on all major cloud providers, as well as on private clouds. Founded by a team of banking and technology experts in 2019, Tuum combines technological excellence with in-depth banking knowledge and packages it into a sophisticated, cutting-edge platform. Tuum currently employs over 60 people with offices in Tallinn, Berlin and Malaga
  • Wisnio — Great things in business are never done by one person, but by high-performing teams.Teamscope was founded by leading executive search professionals, data scientists, and tech entrepreneurs to help managers make better hiring decisions and build more engaged, high-performing teams.The teamscope platform combines big data analytics withscientific testing to analyze teams and help team leaders make better hiring decisions. Our unique algorithm analyzes the values, personality characteristics, and core competencies of team members to first profile the existing team. Based on that, the platform recommends what characteristics to look for in a candidate and evaluates how well each candidate fits in with the role and the team. The platform then generates a detailed behavioral profile and interview guide for each candidate to help the hiring manager choose the best person for the team.
  • Solid World — A DAO that will create new carbon projects
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SOSV
VC Fund · Princeton, New Jersey, United States · 2 investments in Latvia startups, 75 in the past 12 months

SOSV is a global, deep tech venture capital firm that operates the HAX and IndieBio startup development programs focused on human and planetary health. SOSV invests $500,000 in startups at their inception as they onboard either HAX or IndieBio for a 4-6 month period designed to accelerate the raise of their next institutional round. SOSV joins thelater rounds of HAX and IndieBio graduates. HAX, based in a 35,000 sq ft facility in Newark, NJ, is equipped with machine tools, 3D printers, chemical, electrical and mechanical engineering labs, as well as on-staff engineering and design experts. SOSV's IndieBio has locations in NYC and San Francisco, both of which offer extensive services and facilities to founders including on-site BSL-2 labs, well equipped lab benches and hoods, and advanced lab equipment, such as chromatography equipment.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 1482
  • Lead/follow: no public data

Portfolio highlights

  • MixRift — MIXRIFT - game developers specialized in Mixed Reality
  • unspun — From 3D scan to perfect fitting custom jeans. unspun makes each pair of jeans unique to your actual body and design. On a mission to reduce global carbon emissions by 1%. As seen in Fast Company's World Changing Ideas, Time's Best Inventions, and PopSci's Best of What's New. Welcome to the future of apparel.
  • Mesa Quantum — Unlock the potential of chip-scale quantum sensing for enhanced Position, Navigation, And Timing capabilities. Explore Mesa Quantum's practical solutions.
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SEB Latvija
VC Fund · Kekava, Rigas, Latvia · 2 investments in Latvia startups

SEB Latvia provides banking services.

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Investment focus

  • Industry: Sports, Handmade, Military
  • Stage:Grant, Debt Financing
  • Geography: Latvia

Investor stats

  • Total investments: 6
  • Round size: Grant $6.6k–$14k; Debt Financing $291k–$155M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Natrix — Natrix presents a modular unmanned ground vehicle for military and civil support, offering logistics, evacuation, and autonomous functions.
  • RedFrog — RedFrog's goal is to transform indoor mobility. RedFrog created an indoor navigation technology that makes it easy for users to navigate across intricate structures, such as corporate campuses, shopping centers, hospitals, and airports.
  • JSC Eco Baltia — “Eco Baltia grupa” is the largest environment management group in the Baltics in terms of net sales, the company provides full cycle of waste management starting with collection and sorting up to logistics, wholesale and processing of recycled materials. “Eco Baltia grupa” environment management companies are successful household waste,construction waste and separated household waste, as well as other environment service providers to private individuals and companies. The Group includes environment management, collection of recycled materials and used packaging processing companies: “Latvijas Zaļais punkts”, “Eco Baltia vide”, “Eko Kurzeme”, “Jumis”, “Pet Baltija”, “Eko Pet”, “Nordic Plast”, “Eko Reverss” and “Tehhe”.The Group services more than 45,000 clients in Latvia and abroad. The Group companies are leading in their line of operations and large taxpayers in the cities and regions where they operate. “Eco Baltia grupa” is a responsible and stable employer that cares for the welfare, professional development and labour safety of its 600 employees.Vision: The most advanced waste regeneration company in Central and Eastern Europe.Mission: To find a value in each and every thing.Values: • Determination • Creativity / creative approach • Owner’s attitude / responsibility • Ability to see and use opportunities • Courage and initative
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Signet Bank
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia startups

Signet Bank is a financial institution that provides banking services.

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Investment focus

  • Industry: Finance, Parking, Software
  • Stage:Debt Financing
  • Geography: Latvia, Lithuania

Investor stats

  • Total investments: 3
  • Round size: Debt Financing $2.8M–$5.8M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Mobilly — Mobilly is a provider of pay for parking, buy train or bus tickets with your phone or on the Internet services.
  • Global Champs — Global Champs is a private equity and holding firm specializing in the Baltic agri-food, fast-moving consumer goods, and renewable energy sectors.
  • D8 Corporation — D8 Corporation is a company that specializes in the development, implementation, and maintenance of finance IT solutions.
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SEB (Skandinaviska Enskilda Banken)
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Latvia startups, 16 in the past 12 months

A leading Nordic financial services group guided by a strong belief that entrepreneurial minds and innovative companies are key in creating a better world.

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Investment focus

  • Industry: Energy, Oil and Gas, FinTech
  • Stage:Post-IPO Debt, Debt Financing, Series B
  • Geography: Sweden, United Kingdom, Latvia

Investor stats

  • Total investments: 59
  • Round size: Series B $9.6M–$125M; Post-IPO Debt $46M–$786M; Debt Financing $7.6M–$1.6B
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • Nscale — Nscale is an AI GPU cloud platform that provides scale computing to the generative AI market. It develops AI-ready data centers, deploys GPU infrastructure, and delivers AI cloud services. Its AI private cloud platform supports the entire generative AI lifecycle, enabling developers to run and train AI models. It also provides bare metal andvirtualized GPU nodes, Kubernetes-native services (NKS), AI workload scheduling empowered by SLURM, and advanced serverless and dedicated inferencing options.
  • DHT Holdings — DHT operates as an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC, Aframax, and Suezmax segments. The company operates through Its wholly-owned management companies in Oslo, Norway, and Singapore.
  • Humble Group — Humble Group is a corporate group specializing in driving value and accelerating growth in small and medium-sized companies within the fast-moving consumer
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Radix Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 2 investments in Latvia startups

Radix is a new Venture Capital Fund established by experienced investors and technology entrepreneurs based in Central and Eastern Europe with the mission to empower radical innovations.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Nanotechnology
  • Stage:Seed, Venture - Series Unknown, Series B
  • Geography: Poland, Latvia, Ukraine

Investor stats

  • Total investments: 7
  • Round size: Seed $2.6M–$8.5M
  • Lead/follow: 71% lead, 29% follow

Portfolio highlights

  • Healant — Imagine a material that repairs itself, cutting waste and prolonging product life. Healant is revolutionizing tire durability and sustainability.
  • Fresh Inset — Fresh Inset Vision is to save the fresh produce resources by delivering efficient and seamless Vidre+ technology to preserve product freshness throughout the supply chain from packer/shipper to end user
  • Fluence.technology — High-performance femtosecond lasers designed for seamless integration and drift-free stability in 24/7 operations.
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Nicolai Torgersen
Angel · 2 investments in Latvia startups

Nicolai Torgersen

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $50k–$393k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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ASP Asset Management
VC Fund · 2 investments in Latvia startups

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

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Investment focus

  • Industry: Information Technology, Industrial Manufacturing
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Cellbox Labs — Cellbox Labs offers industrialized organ-on-chip technology.It generates plug-and-play devices that enable chips to run without input.
  • Blue Shock Race — BSR is a Latvia-based in-house manufacturing company known for creating the world's most powerful rental electric go-karts featuring a quick-swap battery system, which have been exported to 40 countries. Leveraging a strong engineering team, BSR is expanding its portfolio by developing electric motorcycle power unit systems, battery energystorage solutions, and custom electric technology products to meet growing market demands.
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Lev Dolgatsjov
Angel · 2 investments in Latvia startups

Lev Dolgatsjov

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Seed, Angel
  • Geography: Latvia

Investor stats

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

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Lauris Liepa
Angel · 2 investments in Latvia startups

Lauris Liepa

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $50k–$393k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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HansaMatrix
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia startups

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

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Investor stats

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

Portfolio highlights

  • Lightspace Labs — Seeing is believing
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Impact Ventures Hungary
VC Fund · Budapest, Budapest, Hungary · 2 investments in Latvia startups

Impact Ventures is a specialist fund manager focusing on Impact Investments. Our mission is to catalyze social impact by supporting and investing in high-growth social SMEs in Europe, addressing areas of social inclusion, education, employment, health and environmental sustainability.

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Investment focus

  • Industry: Software, Agriculture, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Hungary, Spain, Italy

Investor stats

  • Total investments: 19
  • Round size: Seed $878k–$4.6M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Prosoma — Prosoma was born out a need to provide more comprehensive care for cancer patients. We have found a fundamental lack of access to psychological care for patients who not only have to face a life-altering disease and treatment, but also crucially have a different set of needs than other psychological patients. Barriers to accessing psychologicalcare often include low numbers of therapists and clinicians in the area, financial or geographical limitations, and the general wellbeing of patients preventing them from attending meetings. All of these issues can be solved by modern technology.By using VR as part of, or when necessary, an alternative to traditional psychological treatment, we can reach patients that would otherwise be left without any support. They can use our tool at home or in the clinics whilst undergoing pharmacological treatment and chemotherapy.We hope to provide patients with a tool that will help them manage stress, cope with the burden of cancer, and eventually improve their quality of life.
  • Doctor.One — Doctor.One is a chronic care platform that empowers healthcare professionals to stay connected with their patients through continuous, asynchronous communication. By transforming care into a relationship-driven experience beyond the visit, we help improve engagement, boost adherence, and ensure that no chronic patient feels alone in their healthjourney.
  • Candam — Candam specializes in developing technology for the waste management solutions sector. It has developed a cost-effective Smart Ring technology capable of recognizing all types of packaging material. Its patented system recognizes all types of packaging material in real time due to acoustic techniques combined with AI algorithms. It aims to improvewaste collection with the use of technology.
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Black Pearls VC
VC Fund · Gdansk, Pomorskie, Poland · 2 investments in Latvia startups

Black Pearls VC is a venture capital firm focusing on Life Quality Technologies. We look for the best entrepreneurs in Poland and the Baltic Sea Region.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Poland, United States, United Kingdom

Investor stats

  • Total investments: 59
  • Round size: Seed $165k–$3.3M; Pre-Seed $191k–$1.8M
  • Lead/follow: 66% lead, 34% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • swotzy. — Swotzy offers a shipping platform to assist e-commerce retailers in streamlining their last-mile operations and reducing operating expenses by always using the best-suited carrier.
  • Sauna by Wordware — A collaborative prompt engineering IDE
  • Certifier — Certifier is the leading software to create, issue, and verify certificates in bulk. An AI-powered platform for managing digital certificates, credentials, and badges.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Povilas Urbonas
Angel · Odense, Syddanmark, Denmark · 2 investments in Latvia startups

Povilas Urbonas

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $50k–$393k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Base Ventures
VC Fund · Berkeley, California, United States · 2 investments in Latvia 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, Information Technology
  • Stage:Seed, Series A
  • Geography: United States, South Korea, Canada

Investor stats

  • Total investments: 119
  • Round size: Seed $346k–$7M; 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.
  • Vivadios — Viva Dios is a Christian-tech startup building 10x better apps for Christians worldwide.
  • Index Robotics — Index Robotics is a startup developing upper-body humanoid robots based on high-precision actuator technology .
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Angel Parn
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Latvia startups

Angel Parn

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Seed, Angel
  • Geography: Latvia

Investor stats

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

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Nikita Sergienko
Angel · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Latvia startups

Nikita Sergienko

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Seed, Angel
  • Geography: Latvia

Investor stats

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

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Inovo.vc
VC Fund · Warsaw, Mazowieckie, Poland · 2 investments in Latvia startups

VC for the most ambitious founders in CEE

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Poland, United States, United Kingdom

Investor stats

  • Total investments: 98
  • Round size: Seed $300k–$9.9M; Pre-Seed $700k–$3.4M; Series A $3.4M–$23M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: Likely still investing — raised $119M in 2022

Portfolio highlights

  • Booksy — Booksy - book appointments online. Find & book beauty services like hairdressing, manicure, spa or massage. Check prices & reviews!
  • Yope — Salo is a discussion platform that erases the borders for people with diverse opinions to let anyone speak up and be heard.
  • Nanogram — Nanogram is an AI-powered gaming startup that creates an instant prompt-to-game platform, allowing anyone to build and share interactive short-form video games. Frequently described as "TikTok for mobile games," the company delivers an endless, vertical social feed of byte-sized, zero-download games that players swipe through and playinstantly.
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Capitalia
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia startups

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

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Investment focus

  • Industry: Software, CAD, Apps
  • Stage:Seed, Debt Financing
  • Geography: Latvia, Sweden, Lithuania

Investor stats

  • Total investments: 7
  • Round size: Seed $149k–$9M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Favro — The #1 app making collaborative planning working at scale between teams for SaaS & Live Games companies. Agile team collaboration, smoother than ever.
  • Ondato — Ondato provides KYC, AML, and age verification software to automate onboarding, prevent fraud, and ensure full regulatory compliance worldwide.
  • AISPECO — AISPECO systems for aerial inspection, surveying, mapping. Tailored for airplanes, helicopters and drones. Multiple camera and LiDAR options.
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Untitled Ventures
VC Fund · Melbourne, Victoria, Australia · 2 investments in Latvia startups

Untitled Group is the collective responsible for a variety of unique festivals, events, venues, tours and good times enjoyed by our artists and patrons from all around the globe.The Melbourne based collective produce over 100+ events annually within Australia and abroad, bringing hundreds of thousands of music lovers together each year.

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Investment focus

  • Industry: Artificial Intelligence, SaaS, Information Technology
  • Stage:Pre-Seed, Seed, Venture - Series Unknown
  • Geography: Australia, India, Latvia

Investor stats

  • Total investments: 10
  • Round size: Seed $979k–$2.3M; Pre-Seed $462k–$2.5M; Venture - Series Unknown $1.3M–$1.6M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Segwise — Segwise runs AI agents that tag and analyze your creative data across 15+ ad networks and MMPs, then generate winning static, video, and playable ads.
  • Opennote — The notebook that thinks with you.
  • Naco Technologies — A website that specializes in technology and innovation advancements in the world as well as delivering the same to all people. It also has an interest in giving people the most current news in the tech world. Visit the blog today for more insights.
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J12
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Latvia startups

J12 is a thesis-driven venture capital firm partnering early with technical founders across Europe to build category-defining data and AI companies across infrastructure, tooling, and domain-specific applications

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Sweden, Germany, Norway

Investor stats

  • Total investments: 59
  • Round size: Seed $1.5M–$8M; Pre-Seed $1.2M–$4.1M; Series A $7M–$30M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • VALIDIO — VALIDIO manages data quality. They offer a next-generation data platform for any modern, data-driven organization. They validate and monitor the data quality of real-time streams and batch data, enabling proactive identification and mitigation of data quality issues.
  • Camphouse — Mediatool is the all-in-one planning, execution, tracking and reporting tool for media and marketing campaigns. Increase productivity with streamlined delivery and better collaboration across all your marketing activities. Grow revenue with confidence, using real-time performance data to optimise investment.Hundreds of tangible benefits, onebetter way of working. Forget spreadsheets and get to know Mediatool.
  • Galdera Labs — Disposable financial models cost more than time. They cost context. Galdera was built for growth finance teams looking to save both.
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European regional development fund (ERDF)
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Latvia 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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Abingworth
VC Fund · London, England, United Kingdom · 2 investments in Latvia startups

We are Abingworth, a trans-atlantic bio-science investment firm with a deep understanding of both the science and markets we invest in.

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Series B, Series A, Series C
  • Geography: United States, United Kingdom, France

Investor stats

  • Total investments: 173
  • Round size: Series A $14M–$115M; Series B $18M–$95M; Series C $20M–$120M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $356M in 2023

Portfolio highlights

  • Attenua — 100% satisfaction guaranteed. Hassle-free shopping. We help you find the right domain name.
  • Iambic — Iambic has created a cutting-edge AI-driven platform to tackle the most challenging design problems in drug discovery and address unmet patient need.
  • Atsena Therapeutics — Atsena is a clinical-stage gene therapy company, focused on bringing the life-changing power of genetic medicine to reverse or prevent blindness.
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Investor funding in Latvia at a glance

Stats across 444 deals from 330 investors.

330
investors
in Latvia startups
444
deals
in Latvia startups
$252k
median round
in Latvia startups
40%
lead investors
lead at least one round
28%
Seed
most common funding stage
77/23
VC / Angel
share of investor count

Access all 330 investors in Latvia startups.

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